LOS TRADING: 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.
LOS TRADING
Largest movements
- Cash +€331,155
up €331,155 (+1,467%), from €22,576 to €353,731
mainly Stocks and contracts (+€125,513) and Investment in fixed assets (net) (+€95,630)
- Tangible fixed assets -€145,997
down €145,997 (-19.7%), from €741,371 to €595,374
of which Land and buildings: -€138,375
- Stocks and contracts -€125,513
down €125,513 (-35.3%), from €355,214 to €229,701
- Profit (loss) carried forward +€117,632
up €117,632 (+401%), from €29,351 to €146,983
- Reserves -€50,206
down €50,206 (-7.9%), from €639,177 to €588,971
of which Tax-exempt reserves: -€50,206
- Tax, wage and social debts +€31,523
up €31,523 (+483%), from €6,522 to €38,046
of which Taxes: +€29,770
- Short-term financial debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Provisions -€20,507
down €20,507 (-9.3%), from €220,678 to €200,171
of which Deferred taxes: -€20,507
- Gross operating margin +€168,417
up €168,417 (+553%), from €30,449 to €198,866
- Write-downs +€64,751
up €64,751 (+1,999%), from €3,240 to €67,991
- Taxes +€19,487
up €19,487 (+1,768%), from €1,102 to €20,589
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 | €1,191,271 | €1,259,583 | +€68,312 | +5.7% |
| Fixed assets | 21/28 | €744,033 | €598,036 | -€145,997 | -19.6% |
| Tangible fixed assets | 22/27 | €741,371 | €595,374 | -€145,997 | -19.7% |
| Land and buildings | 22 | €667,917 | €529,543 | -€138,375 | -20.7% |
| Plant, machinery and equipment | 23 | €10,078 | €7,348 | -€2,730 | -27.1% |
| Furniture and vehicles | 24 | €63,376 | €58,483 | -€4,893 | -7.7% |
| Financial fixed assets | 28 | €2,662 | €2,662 | = | 0.0% |
| Current assets | 29/58 | €447,238 | €661,547 | +€214,309 | +47.9% |
| Stocks and contracts in progress | 3 | €355,214 | €229,701 | -€125,513 | -35.3% |
| Stocks | 30/36 | €355,214 | €229,701 | -€125,513 | -35.3% |
| Amounts receivable within one year | 40/41 | €69,231 | €75,079 | +€5,848 | +8.4% |
| Trade receivables | 40 | €58,000 | €74,887 | +€16,887 | +29.1% |
| Other amounts receivable | 41 | €11,231 | €192 | -€11,039 | -98.3% |
| Cash at bank and in hand | 54/58 | €22,576 | €353,731 | +€331,155 | +1,467% |
| Deferred charges and accrued income | 490/1 | €217 | €3,035 | +€2,818 | +1,297% |
| Total equity and liabilities | 10/49 | €1,191,271 | €1,259,583 | +€68,312 | +5.7% |
| Equity | 10/15 | €868,527 | €935,953 | +€67,426 | +7.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €639,177 | €588,971 | -€50,206 | -7.9% |
| Non-distributable reserves | 130/1 | €30,356 | €30,356 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,356 | €30,356 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,981 | €124,775 | -€50,206 | -28.7% |
| Distributable reserves | 133 | €433,840 | €433,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,351 | €146,983 | +€117,632 | +401% |
| Provisions and deferred taxes | 16 | €220,678 | €200,171 | -€20,507 | -9.3% |
| Provisions for liabilities and charges | 160/5 | €146,302 | €146,302 | = | 0.0% |
| Pensions and similar obligations | 160 | €146,302 | €146,302 | = | 0.0% |
| Deferred taxes | 168 | €74,376 | €53,869 | -€20,507 | -27.6% |
| Amounts payable | 17/49 | €102,067 | €123,459 | +€21,392 | +21.0% |
| Amounts payable within one year | 42/48 | €101,477 | €122,869 | +€21,392 | +21.1% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100% |
| Credit institutions | 430/8 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €8,236 | €26,118 | +€17,882 | +217% |
| Suppliers | 440/4 | €8,236 | €26,118 | +€17,882 | +217% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,522 | €38,046 | +€31,523 | +483% |
| Taxes | 450/3 | €632 | €30,402 | +€29,770 | +4,707% |
| Remuneration and social security | 454/9 | €5,890 | €7,644 | +€1,754 | +29.8% |
| Other amounts payable | 47/48 | €56,718 | €58,705 | +€1,986 | +3.5% |
| Accrued charges and deferred income | 492/3 | €590 | €590 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €56,000 | +€56,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,300 | €50,367 | -€1,933 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,240 | €67,991 | +€64,751 | +1,999% |
| Other operating charges | 640/8 | €4,420 | €3,950 | -€470 | -10.6% |
| Non-recurring operating charges | 66A | €4,990 | €4,822 | -€168 | -3.4% |
| Gross operating margin | 9900 | €30,449 | €198,866 | +€168,417 | +553% |
| Operating profit (loss) | 9901 | -€34,500 | €71,736 | +€106,236 | |
| Financial income | 75/76B | €2,095 | €357 | -€1,738 | -83.0% |
| Recurring financial income | 75 | €2,095 | €357 | -€1,738 | -83.0% |
| Financial charges | 65/66B | €2,808 | €4,585 | +€1,776 | +63.3% |
| Recurring financial charges | 65 | €2,808 | €4,585 | +€1,776 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,214 | €67,509 | +€102,723 | |
| Transfer from deferred taxes | 780 | €9,296 | €20,507 | +€11,210 | +121% |
| Income taxes | 67/77 | €1,102 | €20,589 | +€19,487 | +1,768% |
| Profit (loss) for the period | 9904 | -€27,019 | €67,426 | +€94,446 | |
| Transfer from tax-exempt reserves | 789 | €22,760 | €50,206 | +€27,446 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,259 | €117,632 | +€121,891 |
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 25 October 2026 via checked.be.