LOODSEN BRAEM: 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.
LOODSEN BRAEM
Largest movements
- Tangible fixed assets -€49,945
down €49,945 (-3.6%), from €1.4m to €1.3m
- Current portion of long-term debt -€39,993
down €39,993 (-56.2%), from €71,177 to €31,184
- Debts after one year -€32,359
down €32,359 (-3.4%), from €962,475 to €930,117
of which Financial debts: -€31,184
- Reserves +€17,872
up €17,872 (+47.9%), from €37,272 to €55,145
- Gross operating margin +€9,909
up €9,909 (+9.1%), from €108,340 to €118,249
- Financial charges +€7,965
up €7,965 (+29.7%), from €26,795 to €34,760
- Taxes +€2,844
up €2,844 (+91.4%), from €3,112 to €5,957
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 | €1,439,849 | €1,396,441 | -€43,409 | -3.0% |
| Fixed assets | 21/28 | €1,387,629 | €1,337,684 | -€49,945 | -3.6% |
| Tangible fixed assets | 22/27 | €1,387,629 | €1,337,684 | -€49,945 | -3.6% |
| Land and buildings | 22 | €1,387,629 | €1,337,684 | -€49,945 | -3.6% |
| Current assets | 29/58 | €52,220 | €58,757 | +€6,536 | +12.5% |
| Amounts receivable within one year | 40/41 | €6,089 | €6,671 | +€582 | +9.6% |
| Trade receivables | 40 | €4,198 | €3,237 | -€961 | -22.9% |
| Other amounts receivable | 41 | €1,891 | €3,434 | +€1,543 | +81.6% |
| Cash at bank and in hand | 54/58 | €45,985 | €51,935 | +€5,950 | +12.9% |
| Deferred charges and accrued income | 490/1 | €147 | €151 | +€4 | +2.6% |
| Total equity and liabilities | 10/49 | €1,439,849 | €1,396,441 | -€43,409 | -3.0% |
| Equity | 10/15 | €337,272 | €355,145 | +€17,872 | +5.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €37,272 | €55,145 | +€17,872 | +47.9% |
| Distributable reserves | 133 | €37,272 | €55,145 | +€17,872 | +47.9% |
| Amounts payable | 17/49 | €1,102,577 | €1,041,296 | -€61,281 | -5.6% |
| Amounts payable after more than one year | 17 | €962,475 | €930,117 | -€32,359 | -3.4% |
| Financial debts | 170/4 | €946,960 | €915,777 | -€31,184 | -3.3% |
| Other amounts payable | 178/9 | €15,515 | €14,340 | -€1,175 | -7.6% |
| Amounts payable within one year | 42/48 | €78,971 | €37,386 | -€41,585 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €71,177 | €31,184 | -€39,993 | -56.2% |
| Trade debts | 44 | €1,065 | €430 | -€635 | -59.6% |
| Suppliers | 440/4 | €1,065 | €430 | -€635 | -59.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,950 | €4,994 | -€956 | -16.1% |
| Taxes | 450/3 | €5,950 | €4,994 | -€956 | -16.1% |
| Other amounts payable | 47/48 | €779 | €779 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €61,130 | €73,793 | +€12,662 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,731 | €51,100 | +€369 | +0.7% |
| Other operating charges | 640/8 | €8,153 | €8,561 | +€409 | +5.0% |
| Gross operating margin | 9900 | €108,340 | €118,249 | +€9,909 | +9.1% |
| Operating profit (loss) | 9901 | €49,457 | €58,588 | +€9,132 | +18.5% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.3% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.3% |
| Financial charges | 65/66B | €26,795 | €34,760 | +€7,965 | +29.7% |
| Recurring financial charges | 65 | €26,795 | €34,760 | +€7,965 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €22,678 | €23,829 | +€1,151 | +5.1% |
| Income taxes | 67/77 | €3,112 | €5,957 | +€2,844 | +91.4% |
| Profit (loss) for the period | 9904 | €19,566 | €17,872 | -€1,694 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,566 | €17,872 | -€1,694 | -8.7% |
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 20 October 2026 via checked.be.