LOPHTANA: what changed
LOPHTANA
Largest movements
- Cash -€82,396
down €82,396 (-40.2%), from €204,821 to €122,425
mainly Contributions, distributions and other (-€105,786) and Other debts (-€59,669)
- Tangible fixed assets -€4,956
down €4,956 (-14.9%), from €33,370 to €28,414
of which Other tangible fixed assets: -€3,660
- Other debts -€59,669
down €59,669 (-41.7%), from €143,183 to €83,514
- Tax, wage and social debts -€17,121
down €17,121 (-67.4%), from €25,400 to €8,279
- Current portion of long-term debt -€7,951
no longer reported in 2025 (was €7,951)
- Reserves -€5,487
down €5,487 (-6.1%), from €89,286 to €83,799
- Depreciation -€9,784
down €9,784 (-70.3%), from €13,923 to €4,140
- Gross operating margin +€5,084
up €5,084 (+3.9%), from €129,964 to €135,048
- Taxes +€3,182
up €3,182 (+12.5%), from €25,529 to €28,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,820 | €175,666 | -€90,154 | -33.9% |
| Fixed assets | 21/28 | €33,370 | €28,414 | -€4,956 | -14.9% |
| Tangible fixed assets | 22/27 | €33,370 | €28,414 | -€4,956 | -14.9% |
| Plant, machinery and equipment | 23 | - | €2,400 | +€2,400 | |
| Furniture and vehicles | 24 | €1,083 | €803 | -€280 | -25.8% |
| Leasing and similar rights | 25 | €3,416 | - | -€3,416 | |
| Other tangible fixed assets | 26 | €28,871 | €25,211 | -€3,660 | -12.7% |
| Current assets | 29/58 | €232,450 | €147,252 | -€85,198 | -36.7% |
| Amounts receivable within one year | 40/41 | €9,347 | €6,763 | -€2,584 | -27.6% |
| Other amounts receivable | 41 | €9,347 | €6,763 | -€2,584 | -27.6% |
| Cash at bank and in hand | 54/58 | €204,821 | €122,425 | -€82,396 | -40.2% |
| Deferred charges and accrued income | 490/1 | €18,282 | €18,064 | -€217 | -1.2% |
| Total equity and liabilities | 10/49 | €265,820 | €175,666 | -€90,154 | -33.9% |
| Equity | 10/15 | €89,287 | €83,800 | -€5,487 | -6.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €89,286 | €83,799 | -€5,487 | -6.1% |
| Distributable reserves | 133 | €89,286 | €83,799 | -€5,487 | -6.1% |
| Amounts payable | 17/49 | €176,533 | €91,866 | -€84,667 | -48.0% |
| Amounts payable within one year | 42/48 | €176,533 | €91,866 | -€84,667 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €7,951 | - | -€7,951 | |
| Trade debts | 44 | - | €73 | +€73 | |
| Suppliers | 440/4 | - | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €25,400 | €8,279 | -€17,121 | -67.4% |
| Taxes | 450/3 | €25,400 | €8,279 | -€17,121 | -67.4% |
| Other amounts payable | 47/48 | €143,183 | €83,514 | -€59,669 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,923 | €4,140 | -€9,784 | -70.3% |
| Other operating charges | 640/8 | €2,099 | €1,234 | -€865 | -41.2% |
| Non-recurring operating charges | 66A | - | €2,189 | +€2,189 | |
| Gross operating margin | 9900 | €129,964 | €135,048 | +€5,084 | +3.9% |
| Operating profit (loss) | 9901 | €113,942 | €127,485 | +€13,544 | +11.9% |
| Financial income | 75/76B | €1,688 | €2,287 | +€599 | +35.5% |
| Recurring financial income | 75 | €1,688 | €2,287 | +€599 | +35.5% |
| Financial charges | 65/66B | €301 | €762 | +€462 | +154% |
| Recurring financial charges | 65 | €301 | €762 | +€462 | +154% |
| Profit (loss) for the period before taxes | 9903 | €115,329 | €129,010 | +€13,681 | +11.9% |
| Income taxes | 67/77 | €25,529 | €28,711 | +€3,182 | +12.5% |
| Profit (loss) for the period | 9904 | €89,800 | €100,299 | +€10,499 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,800 | €100,299 | +€10,499 | +11.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.