LOMAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LOMAX
Largest movements
- Tangible fixed assets +€926,455
up €926,455 (+117%), from €794,743 to €1.7m
of which Land and buildings: +€767,871
- Cash -€810,941
down €810,941 (-79.7%), from €1.0m to €206,247
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€208,434)
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Debts after one year +€312,122
up €312,122 (+125%), from €249,755 to €561,877
- Profit (loss) carried forward -€208,434
down €208,434 (-17.0%), from €1.2m to €1.0m
- Trade debts +€101,904
up €101,904 (+1,063%), from €9,590 to €111,494
- Current portion of long-term debt -€38,648
down €38,648 (-40.0%), from €96,628 to €57,980
- Reserves -€25,198
down €25,198 (-3.4%), from €734,599 to €709,401
- Depreciation +€101,611
up €101,611 (+123%), from €82,911 to €184,522
- Gross operating margin -€91,144
down €91,144, from €68,736 to -€22,407
- Financial income -€24,286
down €24,286 (-63.7%), from €38,124 to €13,838
- Taxes -€4,066
down €4,066 (-97.5%), from €4,169 to €103
- Other operating charges -€3,656
down €3,656 (-41.3%), from €8,857 to €5,201
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,334,498 | €2,482,156 | +€147,659 | +6.3% |
| Fixed assets | 21/28 | €801,393 | €1,727,848 | +€926,455 | +116% |
| Tangible fixed assets | 22/27 | €794,743 | €1,721,198 | +€926,455 | +117% |
| Land and buildings | 22 | €758,761 | €1,526,633 | +€767,871 | +101% |
| Plant, machinery and equipment | 23 | - | €83,918 | +€83,918 | |
| Furniture and vehicles | 24 | €35,982 | €66,531 | +€30,549 | +84.9% |
| Leasing and similar rights | 25 | - | €44,116 | +€44,116 | |
| Financial fixed assets | 28 | €6,650 | €6,650 | = | 0.0% |
| Current assets | 29/58 | €1,533,105 | €754,309 | -€778,796 | -50.8% |
| Amounts receivable within one year | 40/41 | €44,471 | €40,795 | -€3,675 | -8.3% |
| Trade receivables | 40 | €15,700 | €250 | -€15,450 | -98.4% |
| Other amounts receivable | 41 | €28,771 | €40,545 | +€11,775 | +40.9% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €1,017,188 | €206,247 | -€810,941 | -79.7% |
| Deferred charges and accrued income | 490/1 | €21,446 | €7,266 | -€14,180 | -66.1% |
| Total equity and liabilities | 10/49 | €2,334,498 | €2,482,156 | +€147,659 | +6.3% |
| Equity | 10/15 | €1,978,328 | €1,744,696 | -€233,632 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €734,599 | €709,401 | -€25,198 | -3.4% |
| Distributable reserves | 133 | €734,599 | €709,401 | -€25,198 | -3.4% |
| Profit (loss) carried forward | 14 | €1,225,129 | €1,016,694 | -€208,434 | -17.0% |
| Amounts payable | 17/49 | €356,170 | €737,460 | +€381,291 | +107% |
| Amounts payable after more than one year | 17 | €249,755 | €561,877 | +€312,122 | +125% |
| Financial debts | 170/4 | €249,755 | €561,877 | +€312,122 | +125% |
| Amounts payable within one year | 42/48 | €106,415 | €175,583 | +€69,168 | +65.0% |
| Current portion of amounts payable after more than one year | 42 | €96,628 | €57,980 | -€38,648 | -40.0% |
| Trade debts | 44 | €9,590 | €111,494 | +€101,904 | +1,063% |
| Suppliers | 440/4 | €9,590 | €111,494 | +€101,904 | +1,063% |
| Taxes, remuneration and social security | 45 | €197 | €1,260 | +€1,063 | +540% |
| Taxes | 450/3 | €197 | €1,260 | +€1,063 | +540% |
| Other amounts payable | 47/48 | - | €4,849 | +€4,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,911 | €184,522 | +€101,611 | +123% |
| Other operating charges | 640/8 | €8,857 | €5,201 | -€3,656 | -41.3% |
| Gross operating margin | 9900 | €68,736 | -€22,407 | -€91,144 | |
| Operating profit (loss) | 9901 | -€23,031 | -€212,130 | -€189,099 | -821% |
| Financial income | 75/76B | €38,124 | €13,838 | -€24,286 | -63.7% |
| Recurring financial income | 75 | €38,124 | €13,838 | -€24,286 | -63.7% |
| Financial charges | 65/66B | €7,737 | €10,039 | +€2,302 | +29.8% |
| Recurring financial charges | 65 | €7,737 | €10,039 | +€2,302 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €7,356 | -€208,331 | -€215,687 | |
| Income taxes | 67/77 | €4,169 | €103 | -€4,066 | -97.5% |
| Profit (loss) for the period | 9904 | €3,187 | -€208,434 | -€211,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,187 | -€208,434 | -€211,621 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.