Lopos: 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.
Lopos
Largest movements
- Receivables within one year +€167,553
up €167,553 (+66.4%), from €252,156 to €419,709
of which Trade receivables: +€193,650
- Stocks and contracts -€93,128
down €93,128 (-28.0%), from €332,381 to €239,253
- Financial fixed assets +€69,711
up €69,711 (+928.4%), from €7,509 to €77,220
- Intangible fixed assets -€55,050
down €55,050 (-8.1%), from €680,812 to €625,762
- Cash -€43,349
down €43,349 (-22.8%), from €190,111 to €146,761
mainly Debts after one year (-€539,407) and Net result for the year (-€359,939)
- Contributions +€1.0m
up €1.0m (+100.3%), from €1.0m to €2.1m
- Debts after one year -€539,407
down €539,407 (-70.5%), from €764,671 to €225,264
- Profit (loss) carried forward -€359,939
down €359,939 (-28.6%), from -€1.3m to -€1.6m
- Short-term financial debts -€153,923
down €153,923 (-43.5%), from €353,923 to €200,000
of which Other loans: -€153,923
- Trade debts +€84,796
up €84,796 (+53.6%), from €158,119 to €242,915
- Financial income +€170,110
up €170,110 (+258.0%), from €65,939 to €236,049
- Depreciation +€53,802
up €53,802 (+23.6%), from €227,636 to €281,437
- Gross operating margin -€33,947
down €33,947 (-37.2%), from €91,151 to €57,204
- Financial charges +€23,390
up €23,390 (+56.7%), from €41,221 to €64,611
- Write-downs +€19,725
new in 2025: €19,725
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,517,676 | €1,542,903 | +€25,227 | +1.7% |
| Formation expenses | 20 | €12,919 | €3,534 | -€9,385 | -72.6% |
| Fixed assets | 21/28 | €720,042 | €725,736 | +€5,693 | +0.8% |
| Intangible fixed assets | 21 | €680,812 | €625,762 | -€55,050 | -8.1% |
| Tangible fixed assets | 22/27 | €31,722 | €22,754 | -€8,968 | -28.3% |
| Plant, machinery and equipment | 23 | €29,471 | €20,585 | -€8,886 | -30.2% |
| Furniture and vehicles | 24 | €2,252 | €2,169 | -€82 | -3.7% |
| Financial fixed assets | 28 | €7,509 | €77,220 | +€69,711 | +928.4% |
| Current assets | 29/58 | €784,714 | €813,633 | +€28,919 | +3.7% |
| Stocks and contracts in progress | 3 | €332,381 | €239,253 | -€93,128 | -28.0% |
| Stocks | 30/36 | €332,381 | €239,253 | -€93,128 | -28.0% |
| Amounts receivable within one year | 40/41 | €252,156 | €419,709 | +€167,553 | +66.4% |
| Trade receivables | 40 | €206,383 | €400,033 | +€193,650 | +93.8% |
| Other amounts receivable | 41 | €45,773 | €19,676 | -€26,097 | -57.0% |
| Cash at bank and in hand | 54/58 | €190,111 | €146,761 | -€43,349 | -22.8% |
| Deferred charges and accrued income | 490/1 | €10,067 | €7,910 | -€2,157 | -21.4% |
| Total equity and liabilities | 10/49 | €1,517,676 | €1,542,903 | +€25,227 | +1.7% |
| Equity | 10/15 | €112,977 | €723,203 | +€610,226 | +540.1% |
| Contributions | 10/11 | €1,039,947 | €2,083,359 | +€1.0m | +100.3% |
| Profit (loss) carried forward | 14 | -€1,256,910 | -€1,616,849 | -€359,939 | -28.6% |
| Investment grants | 15 | €329,940 | €256,693 | -€73,247 | -22.2% |
| Amounts payable | 17/49 | €1,404,699 | €819,700 | -€584,999 | -41.6% |
| Amounts payable after more than one year | 17 | €764,671 | €225,264 | -€539,407 | -70.5% |
| Financial debts | 170/4 | €764,671 | €225,264 | -€539,407 | -70.5% |
| Amounts payable within one year | 42/48 | €619,307 | €587,160 | -€32,148 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €60,225 | €89,407 | +€29,183 | +48.5% |
| Financial debts | 43 | €353,923 | €200,000 | -€153,923 | -43.5% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €153,923 | €0 | -€153,923 | -100.0% |
| Trade debts | 44 | €158,119 | €242,915 | +€84,796 | +53.6% |
| Suppliers | 440/4 | €158,119 | €242,915 | +€84,796 | +53.6% |
| Taxes, remuneration and social security | 45 | €46,758 | €54,838 | +€8,080 | +17.3% |
| Taxes | 450/3 | €8,734 | €8,309 | -€426 | -4.9% |
| Remuneration and social security | 454/9 | €38,023 | €46,529 | +€8,506 | +22.4% |
| Other amounts payable | 47/48 | €283 | €0 | -€283 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,721 | €7,277 | -€13,444 | -64.9% |
| Non-recurring operating income | 76A | - | €4,849 | +€4,849 | |
| Remuneration, social security and pensions | 62 | €283,951 | €281,149 | -€2,801 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,636 | €281,437 | +€53,802 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,725 | +€19,725 | |
| Other operating charges | 640/8 | €141 | €234 | +€94 | +66.8% |
| Non-recurring operating charges | 66A | - | €6,035 | +€6,035 | |
| Gross operating margin | 9900 | €91,151 | €57,204 | -€33,947 | -37.2% |
| Operating profit (loss) | 9901 | -€420,576 | -€531,377 | -€110,801 | -26.3% |
| Financial income | 75/76B | €65,939 | €236,049 | +€170,110 | +258.0% |
| Recurring financial income | 75 | €65,939 | €236,049 | +€170,110 | +258.0% |
| Financial charges | 65/66B | €41,221 | €64,611 | +€23,390 | +56.7% |
| Recurring financial charges | 65 | €41,221 | €64,611 | +€23,390 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€395,858 | -€359,939 | +€35,919 | +9.1% |
| Profit (loss) for the period | 9904 | -€395,858 | -€359,939 | +€35,919 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€395,858 | -€359,939 | +€35,919 | +9.1% |
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 9 October 2026 via checked.be.