LOMED: 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.
LOMED
Largest movements
- Receivables after one year -€232,176
down €232,176 (-27.8%), from €834,161 to €601,985
- Tangible fixed assets +€51,346
up €51,346 (+6.0%), from €859,856 to €911,202
of which Other tangible fixed assets: +€108,691
- Cash -€32,834
down €32,834 (-79.6%), from €41,251 to €8,417
mainly Contributions, distributions and other (-€245,074) and Accrued charges and deferred income (-€200,000)
- Deferred charges and accrued income +€27,898
up €27,898 (+57.6%), from €48,409 to €76,307
- Receivables within one year -€21,176
down €21,176 (-11.1%), from €191,322 to €170,146
of which Trade receivables: -€33,009
- Accrued charges and deferred income -€200,000
down €200,000 (-80.0%), from €250,000 to €50,000
- Current portion of long-term debt +€168,766
new in 2025: €168,766
- Debts after one year -€159,466
down €159,466 (-20.9%), from €764,020 to €604,554
- Tax, wage and social debts +€110,510
up €110,510 (+173%), from €64,041 to €174,551
of which Taxes: +€90,388
- Provisions -€99,402
no longer reported in 2025 (was €99,402)
- Gross operating margin +€441,445
up €441,445 (+241%), from €183,330 to €624,775
- Financial charges +€193,385
up €193,385 (+957%), from €20,213 to €213,598
- Taxes +€77,216
up €77,216 (+325%), from €23,740 to €100,956
- Staff costs +€16,480
up €16,480 (+47.1%), from €35,025 to €51,505
- Other operating charges +€12,183
up €12,183 (+391%), from €3,114 to €15,297
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 | €1,974,999 | €1,768,057 | -€206,942 | -10.5% |
| Fixed assets | 21/28 | €859,856 | €911,202 | +€51,346 | +6.0% |
| Tangible fixed assets | 22/27 | €859,856 | €911,202 | +€51,346 | +6.0% |
| Land and buildings | 22 | €688,565 | €649,390 | -€39,175 | -5.7% |
| Plant, machinery and equipment | 23 | €46,312 | €41,106 | -€5,206 | -11.2% |
| Furniture and vehicles | 24 | €64,049 | €51,085 | -€12,964 | -20.2% |
| Other tangible fixed assets | 26 | €60,930 | €169,621 | +€108,691 | +178% |
| Current assets | 29/58 | €1,115,143 | €856,855 | -€258,288 | -23.2% |
| Amounts receivable after more than one year | 29 | €834,161 | €601,985 | -€232,176 | -27.8% |
| Trade receivables | 290 | €834,161 | €601,985 | -€232,176 | -27.8% |
| Amounts receivable within one year | 40/41 | €191,322 | €170,146 | -€21,176 | -11.1% |
| Trade receivables | 40 | €50,126 | €17,117 | -€33,009 | -65.9% |
| Other amounts receivable | 41 | €141,196 | €153,029 | +€11,833 | +8.4% |
| Cash at bank and in hand | 54/58 | €41,251 | €8,417 | -€32,834 | -79.6% |
| Deferred charges and accrued income | 490/1 | €48,409 | €76,307 | +€27,898 | +57.6% |
| Total equity and liabilities | 10/49 | €1,974,999 | €1,768,057 | -€206,942 | -10.5% |
| Equity | 10/15 | €790,684 | €741,051 | -€49,633 | -6.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €572,394 | €509,862 | -€62,532 | -10.9% |
| Distributable reserves | 133 | €572,394 | €509,862 | -€62,532 | -10.9% |
| Profit (loss) carried forward | 14 | €212,093 | €224,992 | +€12,899 | +6.1% |
| Provisions and deferred taxes | 16 | €99,402 | - | -€99,402 | |
| Provisions for liabilities and charges | 160/5 | €99,402 | - | -€99,402 | |
| Other liabilities and charges | 164/5 | €99,402 | - | -€99,402 | |
| Amounts payable | 17/49 | €1,084,913 | €1,027,006 | -€57,907 | -5.3% |
| Amounts payable after more than one year | 17 | €764,020 | €604,554 | -€159,466 | -20.9% |
| Financial debts | 170/4 | €764,020 | €604,554 | -€159,466 | -20.9% |
| Amounts payable within one year | 42/48 | €70,893 | €372,452 | +€301,559 | +425% |
| Current portion of amounts payable after more than one year | 42 | - | €168,766 | +€168,766 | |
| Trade debts | 44 | €6,852 | €29,135 | +€22,283 | +325% |
| Suppliers | 440/4 | €6,852 | €29,135 | +€22,283 | +325% |
| Taxes, remuneration and social security | 45 | €64,041 | €174,551 | +€110,510 | +173% |
| Taxes | 450/3 | €64,041 | €154,429 | +€90,388 | +141% |
| Remuneration and social security | 454/9 | - | €20,122 | +€20,122 | |
| Accrued charges and deferred income | 492/3 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Remuneration, social security and pensions | 62 | €35,025 | €51,505 | +€16,480 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,448 | €75,876 | -€572 | -0.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,102 | - | -€5,102 | |
| Other operating charges | 640/8 | €3,114 | €15,297 | +€12,183 | +391% |
| Gross operating margin | 9900 | €183,330 | €624,775 | +€441,445 | +241% |
| Operating profit (loss) | 9901 | €63,641 | €482,097 | +€418,456 | +658% |
| Financial income | 75/76B | €27,899 | €27,898 | -€1 | 0.0% |
| Recurring financial income | 75 | €27,899 | €27,898 | -€1 | 0.0% |
| Financial charges | 65/66B | €20,213 | €213,598 | +€193,385 | +957% |
| Recurring financial charges | 65 | €20,213 | €213,598 | +€193,385 | +957% |
| Profit (loss) for the period before taxes | 9903 | €71,327 | €296,397 | +€225,070 | +316% |
| Income taxes | 67/77 | €23,740 | €100,956 | +€77,216 | +325% |
| Profit (loss) for the period | 9904 | €47,587 | €195,441 | +€147,854 | +311% |
| Profit (loss) for the period to be appropriated | 9905 | €47,587 | €195,441 | +€147,854 | +311% |
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 18 October 2026 via checked.be.