LOODS 8: 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.
LOODS 8
Largest movements
- Tangible fixed assets +€36,942
up €36,942 (+65.0%), from €56,806 to €93,749
of which Plant, machinery and equipment: +€38,842
- Cash +€7,527
up €7,527 (+6.4%), from €117,383 to €124,910
mainly Debts after one year (+€54,210) and Depreciation (+€25,872)
- Debts after one year +€54,210
up €54,210 (+173%), from €31,320 to €85,531
- Reserves +€22,896
up €22,896 (+23.7%), from €96,494 to €119,389
- Trade debts -€12,543
down €12,543 (-18.1%), from €69,213 to €56,671
- Tax, wage and social debts -€9,944
down €9,944 (-35.1%), from €28,326 to €18,383
of which Remuneration and social security: -€10,046
- Accrued charges and deferred income -€5,010
down €5,010 (-86.6%), from €5,785 to €775
- Staff costs -€15,845
down €15,845 (-22.5%), from €70,271 to €54,426
- Depreciation +€11,840
up €11,840 (+84.4%), from €14,032 to €25,872
- Gross operating margin -€4,734
down €4,734 (-3.4%), from €138,371 to €133,637
- Financial charges +€3,484
up €3,484 (+27.9%), from €12,479 to €15,963
- Taxes -€2,638
down €2,638 (-17.1%), from €15,437 to €12,799
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 | €401,274 | €443,856 | +€42,582 | +10.6% |
| Fixed assets | 21/28 | €70,292 | €105,734 | +€35,442 | +50.4% |
| Intangible fixed assets | 21 | €5,745 | €4,245 | -€1,500 | -26.1% |
| Tangible fixed assets | 22/27 | €56,806 | €93,749 | +€36,942 | +65.0% |
| Plant, machinery and equipment | 23 | €49,212 | €88,054 | +€38,842 | +78.9% |
| Furniture and vehicles | 24 | €7,595 | €5,695 | -€1,900 | -25.0% |
| Financial fixed assets | 28 | €7,740 | €7,740 | = | 0.0% |
| Current assets | 29/58 | €330,983 | €338,122 | +€7,139 | +2.2% |
| Stocks and contracts in progress | 3 | €147,127 | €145,989 | -€1,138 | -0.8% |
| Stocks | 30/36 | €138,207 | €139,919 | +€1,712 | +1.2% |
| Contracts in progress | 37 | €8,920 | €6,070 | -€2,850 | -32.0% |
| Amounts receivable within one year | 40/41 | €66,473 | €67,223 | +€750 | +1.1% |
| Trade receivables | 40 | €53,663 | €57,664 | +€4,000 | +7.5% |
| Other amounts receivable | 41 | €12,810 | €9,560 | -€3,250 | -25.4% |
| Cash at bank and in hand | 54/58 | €117,383 | €124,910 | +€7,527 | +6.4% |
| Total equity and liabilities | 10/49 | €401,274 | €443,856 | +€42,582 | +10.6% |
| Equity | 10/15 | €115,094 | €137,989 | +€22,896 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,494 | €119,389 | +€22,896 | +23.7% |
| Distributable reserves | 133 | €96,494 | €119,389 | +€22,896 | +23.7% |
| Amounts payable | 17/49 | €286,180 | €305,867 | +€19,686 | +6.9% |
| Amounts payable after more than one year | 17 | €31,320 | €85,531 | +€54,210 | +173% |
| Financial debts | 170/4 | €31,320 | €85,531 | +€54,210 | +173% |
| Amounts payable within one year | 42/48 | €249,075 | €219,561 | -€29,514 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €21,640 | €18,414 | -€3,226 | -14.9% |
| Trade debts | 44 | €69,213 | €56,671 | -€12,543 | -18.1% |
| Suppliers | 440/4 | €69,213 | €56,671 | -€12,543 | -18.1% |
| Advances received on contracts in progress | 46 | - | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €28,326 | €18,383 | -€9,944 | -35.1% |
| Taxes | 450/3 | €12,975 | €13,078 | +€103 | +0.8% |
| Remuneration and social security | 454/9 | €15,351 | €5,305 | -€10,046 | -65.4% |
| Other amounts payable | 47/48 | €129,896 | €125,343 | -€4,552 | -3.5% |
| Accrued charges and deferred income | 492/3 | €5,785 | €775 | -€5,010 | -86.6% |
| Remuneration, social security and pensions | 62 | €70,271 | €54,426 | -€15,845 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,032 | €25,872 | +€11,840 | +84.4% |
| Other operating charges | 640/8 | €2,942 | €1,992 | -€950 | -32.3% |
| Gross operating margin | 9900 | €138,371 | €133,637 | -€4,734 | -3.4% |
| Operating profit (loss) | 9901 | €51,126 | €51,347 | +€221 | +0.4% |
| Financial income | 75/76B | €359 | €311 | -€48 | -13.3% |
| Recurring financial income | 75 | €359 | €311 | -€48 | -13.3% |
| Financial charges | 65/66B | €12,479 | €15,963 | +€3,484 | +27.9% |
| Recurring financial charges | 65 | €12,479 | €15,963 | +€3,484 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €39,006 | €35,695 | -€3,311 | -8.5% |
| Income taxes | 67/77 | €15,437 | €12,799 | -€2,638 | -17.1% |
| Profit (loss) for the period | 9904 | €23,568 | €22,896 | -€673 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,568 | €22,896 | -€673 | -2.9% |
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 23 October 2026 via checked.be.