Loop: what changed
Two fiscal 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.
What changed
Loop
NACE 32.990, Other manufacturing not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€866,406
2024 · €1.1m-€242,749
Equity
€15.7m
2024 · €14.8m+€866,406
Cash
€10.4m
2024 · €10.5m-€111,197
Balance sheet total
€48.8m
2024 · €38.4m+€10.4m
Largest movements
Assets
- Receivables within one year +€9.0m
up €9.0m (+74.8%), from €12.0m to €20.9m
of which Other amounts receivable: +€14.1m
- Intangible fixed assets +€885,828
up €885,828 (+13.1%), from €6.8m to €7.6m
- Stocks and contracts +€598,962
up €598,962 (+11.0%), from €5.5m to €6.1m
Equity and liabilities
- Short-term financial debts +€5.3m
up €5.3m (+257.0%), from €2.1m to €7.4m
- Other debts +€3.8m
new in 2025: €3.8m
- Trade debts -€3.2m
down €3.2m (-28.4%), from €11.2m to €8.0m
- Accrued charges and deferred income +€2.9m
up €2.9m (+822.5%), from €355,734 to €3.3m
- Profit (loss) carried forward +€866,406
up €866,406 (+10.7%), from €8.1m to €9.0m
Income statement
- Other operating income +€13.8m
up €13.8m (+662.8%), from €2.1m to €15.9m
- Turnover -€4.5m
down €4.5m (-2.6%), from €174.2m to €169.7m
- Staff costs +€4.1m
up €4.1m (+28.0%), from €14.5m to €18.6m
- Goods and materials +€4.0m
up €4.0m (+9.5%), from €42.5m to €46.5m
of which Purchases: +€4.7m
- Financial charges +€2.6m
up €2.6m (+61.8%), from €4.1m to €6.7m
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.
Result 2024
€1.1m
Turnover
-€4.5m
Other operating income
+€13.8m
Goods and materials
-€4.0m
Services and other goods
-€810,076
Staff costs
-€4.1m
Depreciation
-€334,281
Write-downs
-€60,725
Other operating charges
-€157,888
Other operating items
+€1.5m
Financial income
+€155,432
Financial charges
-€2.6m
Taxes
+€717,866
Result 2025
€866,406
Cash bridge derived
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.
From operations
+€2.4m
Investment
-€8.0m
Financing
+€5.5m
Cash 2024
€10.5m
From operations (derived)
+€2.4m
Net result for the year
+€866,406
Depreciation
+€7.0m
Stocks and contracts
-€598,962
Receivables within one year
-€9.0m
Deferred charges and accrued income
+€77,984
Trade debts
-€3.2m
Tax, wage and social debts
+€523,477
Advances received
-€26,108
Other debts
+€3.8m
Accrued charges and deferred income
+€2.9m
Investment (derived)
-€8.0m
Investment in fixed assets (net)
-€8.0m
Financing
+€5.5m
Debts after one year
+€222,382
Short-term financial debts
+€5.3m
Cash 2025
€10.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,354,130 | €48,762,383 | +€10.4m | +27.1% |
| Fixed assets | 21/28 | €8,238,097 | €9,284,696 | +€1.0m | +12.7% |
| Intangible fixed assets | 21 | €6,761,416 | €7,647,244 | +€885,828 | +13.1% |
| Tangible fixed assets | 22/27 | €916,497 | €1,375,615 | +€459,118 | +50.1% |
| Plant, machinery and equipment | 23 | €916,497 | €844,096 | -€72,401 | -7.9% |
| Furniture and vehicles | 24 | - | €412,100 | +€412,100 | |
| Other tangible fixed assets | 26 | - | €119,419 | +€119,419 | |
| Financial fixed assets | 28 | €560,184 | €261,836 | -€298,347 | -53.3% |
| Affiliated companies | 280/1 | €338,103 | €100,095 | -€238,008 | -70.4% |
| Participating interests | 280 | €100,095 | €100,095 | = | 0.0% |
| Amounts receivable | 281 | €238,008 | €0 | -€238,008 | -100.0% |
| Other financial fixed assets | 284/8 | €222,080 | €161,741 | -€60,339 | -27.2% |
| Amounts receivable and cash guarantees | 285/8 | €222,080 | €161,741 | -€60,339 | -27.2% |
| Current assets | 29/58 | €30,116,033 | €39,477,687 | +€9.4m | +31.1% |
| Stocks and contracts in progress | 3 | €5,466,046 | €6,065,008 | +€598,962 | +11.0% |
| Stocks | 30/36 | €5,466,046 | €6,065,008 | +€598,962 | +11.0% |
| Goods purchased for resale | 34 | €5,466,046 | €6,065,008 | +€598,962 | +11.0% |
| Amounts receivable within one year | 40/41 | €11,961,052 | €20,912,927 | +€9.0m | +74.8% |
| Trade receivables | 40 | €10,451,051 | €5,344,122 | -€5.1m | -48.9% |
| Other amounts receivable | 41 | €1,510,002 | €15,568,805 | +€14.1m | +931.0% |
| Cash at bank and in hand | 54/58 | €10,508,139 | €10,396,941 | -€111,197 | -1.1% |
| Deferred charges and accrued income | 490/1 | €2,180,796 | €2,102,811 | -€77,984 | -3.6% |
| Total equity and liabilities | 10/49 | €38,354,130 | €48,762,383 | +€10.4m | +27.1% |
| Equity | 10/15 | €14,792,859 | €15,659,265 | +€866,406 | +5.9% |
| Contributions | 10/11 | €861,101 | €861,101 | = | 0.0% |
| Reserves | 13 | €5,696,861 | €5,696,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,732,423 | €3,732,423 | = | 0.0% |
| Distributable reserves | 133 | €1,964,438 | €1,964,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,106,471 | €8,972,877 | +€866,406 | +10.7% |
| Investment grants | 15 | €128,426 | €128,426 | = | 0.0% |
| Amounts payable | 17/49 | €23,561,271 | €33,103,118 | +€9.5m | +40.5% |
| Amounts payable after more than one year | 17 | - | €222,382 | +€222,382 | |
| Financial debts | 170/4 | - | €222,382 | +€222,382 | |
| Other loans | 174 | - | €222,382 | +€222,382 | |
| Amounts payable within one year | 42/48 | €23,205,537 | €29,598,921 | +€6.4m | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,072,593 | €7,400,000 | +€5.3m | +257.0% |
| Credit institutions | 430/8 | €2,072,593 | €7,400,000 | +€5.3m | +257.0% |
| Trade debts | 44 | €11,198,821 | €8,017,023 | -€3.2m | -28.4% |
| Suppliers | 440/4 | €11,198,821 | €8,017,023 | -€3.2m | -28.4% |
| Advances received on contracts in progress | 46 | €26,108 | €0 | -€26,108 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,908,015 | €10,431,492 | +€523,477 | +5.3% |
| Taxes | 450/3 | €7,987,253 | €8,956,707 | +€969,454 | +12.1% |
| Remuneration and social security | 454/9 | €1,920,762 | €1,474,785 | -€445,977 | -23.2% |
| Other amounts payable | 47/48 | - | €3,750,407 | +€3.8m | |
| Accrued charges and deferred income | 492/3 | €355,734 | €3,281,815 | +€2.9m | +822.5% |
| Operating income | 70/76A | €181,631,315 | €192,995,565 | +€11.4m | +6.3% |
| Turnover | 70 | €174,159,727 | €169,698,955 | -€4.5m | -2.6% |
| Own construction capitalised | 72 | €5,382,544 | €7,361,590 | +€2.0m | +36.8% |
| Other operating income | 74 | €2,089,043 | €15,935,020 | +€13.8m | +662.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €176,919,413 | €186,839,861 | +€9.9m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €42,498,732 | €46,536,833 | +€4.0m | +9.5% |
| Purchases | 600/8 | €42,423,641 | €47,135,795 | +€4.7m | +11.1% |
| Change in stocks: decrease (increase) | 609 | €75,091 | -€598,962 | -€674,053 | |
| Services and other goods | 61 | €112,910,908 | €113,720,984 | +€810,076 | +0.7% |
| Remuneration, social security and pensions | 62 | €14,528,079 | €18,601,704 | +€4.1m | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667,333 | €7,001,614 | +€334,281 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,725 | +€60,725 | |
| Other operating charges | 640/8 | €22,902 | €180,790 | +€157,888 | +689.4% |
| Non-recurring operating charges | 66A | €291,459 | €737,211 | +€445,753 | +152.9% |
| Operating profit (loss) | 9901 | €4,711,902 | €6,155,704 | +€1.4m | +30.6% |
| Financial income | 75/76B | €1,795,592 | €1,951,024 | +€155,432 | +8.7% |
| Recurring financial income | 75 | €1,795,592 | €1,951,024 | +€155,432 | +8.7% |
| Income from financial fixed assets | 750 | - | €40,129 | +€40,129 | |
| Income from current assets | 751 | €158,623 | €6,001 | -€152,622 | -96.2% |
| Other financial income | 752/9 | €1,636,969 | €1,904,895 | +€267,926 | +16.4% |
| Financial charges | 65/66B | €4,143,347 | €6,703,196 | +€2.6m | +61.8% |
| Recurring financial charges | 65 | €4,143,347 | €6,703,196 | +€2.6m | +61.8% |
| Debt charges | 650 | €132,261 | €309,486 | +€177,225 | +134.0% |
| Other financial charges | 652/9 | €4,011,085 | €6,393,710 | +€2.4m | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €2,364,147 | €1,403,532 | -€960,615 | -40.6% |
| Income taxes | 67/77 | €1,254,992 | €537,126 | -€717,866 | -57.2% |
| Taxes | 670/3 | €1,254,992 | €537,126 | -€717,866 | -57.2% |
| Profit (loss) for the period | 9904 | €1,109,155 | €866,406 | -€242,749 | -21.9% |
| Transfer from tax-exempt reserves | 789 | €102,484 | €0 | -€102,484 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,211,639 | €866,406 | -€345,233 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.