LOSFELD COMMUNICATION: 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.
LOSFELD COMMUNICATION
Largest movements
- Financial fixed assets -€306,231
down €306,231 (-99.4%), from €307,991 to €1,760
- Receivables within one year -€258,542
down €258,542 (-53.6%), from €482,282 to €223,740
of which Trade receivables: -€254,869
- Cash -€62,160
down €62,160 (-28.6%), from €217,292 to €155,132
mainly Net result for the year (-€217,889) and Other debts (-€207,394)
- Tangible fixed assets -€23,893
down €23,893 (-18.2%), from €131,389 to €107,497
of which Leasing and similar rights: -€23,600
- Stocks and contracts -€16,752
down €16,752 (-28.4%), from €59,038 to €42,287
- Other debts -€207,394
down €207,394 (-69.1%), from €300,034 to €92,640
- Reserves -€191,474
down €191,474 (-95.6%), from €200,328 to €8,854
of which Distributable reserves: -€191,474
- Trade debts -€180,102
down €180,102 (-53.4%), from €337,014 to €156,912
- Accrued charges and deferred income -€51,962
down €51,962 (-68.0%), from €76,460 to €24,498
- Profit (loss) carried forward -€26,415
new in 2025: -€26,415
- Gross operating margin -€170,158
down €170,158 (-32.8%), from €518,734 to €348,577
- Financial charges +€155,623
up €155,623 (+2,118%), from €7,348 to €162,971
- Staff costs -€83,979
down €83,979 (-18.6%), from €452,601 to €368,622
- Financial income -€28,131
down €28,131 (-92.6%), from €30,390 to €2,259
- Depreciation +€17,703
up €17,703 (+125%), from €14,113 to €31,817
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 | €1,219,527 | €560,461 | -€659,067 | -54.0% |
| Fixed assets | 21/28 | €440,430 | €115,153 | -€325,278 | -73.9% |
| Intangible fixed assets | 21 | €1,051 | €5,896 | +€4,845 | +461% |
| Tangible fixed assets | 22/27 | €131,389 | €107,497 | -€23,893 | -18.2% |
| Land and buildings | 22 | €400 | €136 | -€264 | -65.9% |
| Plant, machinery and equipment | 23 | €7,162 | €10,356 | +€3,193 | +44.6% |
| Furniture and vehicles | 24 | €7,314 | €4,092 | -€3,222 | -44.1% |
| Leasing and similar rights | 25 | €116,513 | €92,913 | -€23,600 | -20.3% |
| Financial fixed assets | 28 | €307,991 | €1,760 | -€306,231 | -99.4% |
| Current assets | 29/58 | €779,097 | €445,308 | -€333,789 | -42.8% |
| Stocks and contracts in progress | 3 | €59,038 | €42,287 | -€16,752 | -28.4% |
| Stocks | 30/36 | €59,038 | €42,287 | -€16,752 | -28.4% |
| Amounts receivable within one year | 40/41 | €482,282 | €223,740 | -€258,542 | -53.6% |
| Trade receivables | 40 | €461,822 | €206,953 | -€254,869 | -55.2% |
| Other amounts receivable | 41 | €20,460 | €16,787 | -€3,673 | -18.0% |
| Cash at bank and in hand | 54/58 | €217,292 | €155,132 | -€62,160 | -28.6% |
| Deferred charges and accrued income | 490/1 | €20,484 | €24,149 | +€3,665 | +17.9% |
| Total equity and liabilities | 10/49 | €1,219,527 | €560,461 | -€659,067 | -54.0% |
| Equity | 10/15 | €288,872 | €70,983 | -€217,889 | -75.4% |
| Contributions | 10/11 | €88,544 | €88,544 | = | 0.0% |
| Capital | 10 | €88,544 | €88,544 | = | 0.0% |
| Issued capital | 100 | €88,544 | €88,544 | = | 0.0% |
| Reserves | 13 | €200,328 | €8,854 | -€191,474 | -95.6% |
| Non-distributable reserves | 130/1 | €8,854 | €8,854 | = | 0.0% |
| Legal reserve | 130 | €8,854 | €8,854 | = | 0.0% |
| Distributable reserves | 133 | €191,474 | - | -€191,474 | |
| Profit (loss) carried forward | 14 | - | -€26,415 | -€26,415 | |
| Amounts payable | 17/49 | €930,655 | €489,478 | -€441,177 | -47.4% |
| Amounts payable after more than one year | 17 | €94,437 | €86,189 | -€8,248 | -8.7% |
| Financial debts | 170/4 | €94,437 | €86,189 | -€8,248 | -8.7% |
| Amounts payable within one year | 42/48 | €759,758 | €378,791 | -€380,967 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €21,783 | €30,030 | +€8,248 | +37.9% |
| Financial debts | 43 | €38,633 | €35,088 | -€3,546 | -9.2% |
| Credit institutions | 430/8 | €38,633 | €35,088 | -€3,546 | -9.2% |
| Trade debts | 44 | €337,014 | €156,912 | -€180,102 | -53.4% |
| Suppliers | 440/4 | €337,014 | €156,912 | -€180,102 | -53.4% |
| Taxes, remuneration and social security | 45 | €62,293 | €64,120 | +€1,827 | +2.9% |
| Taxes | 450/3 | €641 | €9,225 | +€8,584 | +1,340% |
| Remuneration and social security | 454/9 | €61,653 | €54,895 | -€6,757 | -11.0% |
| Other amounts payable | 47/48 | €300,034 | €92,640 | -€207,394 | -69.1% |
| Accrued charges and deferred income | 492/3 | €76,460 | €24,498 | -€51,962 | -68.0% |
| Non-recurring operating income | 76A | - | €501 | +€501 | |
| Remuneration, social security and pensions | 62 | €452,601 | €368,622 | -€83,979 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €31,817 | +€17,703 | +125% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,275 | -€2,215 | -€5,490 | |
| Other operating charges | 640/8 | €4,690 | €6,790 | +€2,100 | +44.8% |
| Gross operating margin | 9900 | €518,734 | €348,577 | -€170,158 | -32.8% |
| Operating profit (loss) | 9901 | €44,054 | -€56,437 | -€100,492 | |
| Financial income | 75/76B | €30,390 | €2,259 | -€28,131 | -92.6% |
| Recurring financial income | 75 | €30,390 | €2,259 | -€28,131 | -92.6% |
| Financial charges | 65/66B | €7,348 | €162,971 | +€155,623 | +2,118% |
| Recurring financial charges | 65 | €7,348 | €162,971 | +€155,623 | +2,118% |
| Profit (loss) for the period before taxes | 9903 | €67,097 | -€217,149 | -€284,246 | |
| Income taxes | 67/77 | €12,299 | €740 | -€11,559 | -94.0% |
| Profit (loss) for the period | 9904 | €54,798 | -€217,889 | -€272,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,798 | -€217,889 | -€272,687 |
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 13 October 2026 via checked.be.