LOSI: what changed
LOSI
Largest movements
- Cash -€151,822
down €151,822 (-60.4%), from €251,174 to €99,352
mainly Net result for the year (-€93,296) and Receivables within one year (-€41,256)
- Receivables within one year +€41,256
up €41,256 (+113%), from €36,442 to €77,699
of which Trade receivables: +€46,978
- Profit (loss) carried forward -€93,296
down €93,296, from €32,022 to -€61,274
- Trade debts -€39,115
down €39,115 (-20.3%), from €192,277 to €153,162
- Accrued charges and deferred income +€9,691
up €9,691 (+297%), from €3,259 to €12,950
- Tax, wage and social debts +€6,897
up €6,897 (+14.1%), from €49,076 to €55,973
of which Remuneration and social security: +€6,897
- Gross operating margin -€157,997
down €157,997 (-36.2%), from €436,947 to €278,950
- Staff costs -€42,274
down €42,274 (-10.5%), from €401,124 to €358,850
- Taxes -€8,447
down €8,447 (-100%), from €8,447 to €0
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 | €320,591 | €206,241 | -€114,350 | -35.7% |
| Fixed assets | 21/28 | €1,962 | €1,197 | -€765 | -39.0% |
| Tangible fixed assets | 22/27 | €1,712 | €947 | -€765 | -44.7% |
| Furniture and vehicles | 24 | €1,712 | €947 | -€765 | -44.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €318,630 | €205,044 | -€113,586 | -35.6% |
| Stocks and contracts in progress | 3 | €20,288 | €19,140 | -€1,148 | -5.7% |
| Stocks | 30/36 | €20,288 | €19,140 | -€1,148 | -5.7% |
| Amounts receivable within one year | 40/41 | €36,442 | €77,699 | +€41,256 | +113% |
| Trade receivables | 40 | €12,001 | €58,979 | +€46,978 | +391% |
| Other amounts receivable | 41 | €24,441 | €18,720 | -€5,722 | -23.4% |
| Cash at bank and in hand | 54/58 | €251,174 | €99,352 | -€151,822 | -60.4% |
| Deferred charges and accrued income | 490/1 | €10,726 | €8,854 | -€1,872 | -17.5% |
| Total equity and liabilities | 10/49 | €320,591 | €206,241 | -€114,350 | -35.7% |
| Equity | 10/15 | €63,022 | -€30,274 | -€93,296 | |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,022 | -€61,274 | -€93,296 | |
| Amounts payable | 17/49 | €257,569 | €236,514 | -€21,055 | -8.2% |
| Amounts payable within one year | 42/48 | €254,310 | €223,564 | -€30,746 | -12.1% |
| Trade debts | 44 | €192,277 | €153,162 | -€39,115 | -20.3% |
| Suppliers | 440/4 | €192,277 | €153,162 | -€39,115 | -20.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €49,076 | €55,973 | +€6,897 | +14.1% |
| Taxes | 450/3 | €8,447 | €8,447 | = | 0.0% |
| Remuneration and social security | 454/9 | €40,629 | €47,526 | +€6,897 | +17.0% |
| Other amounts payable | 47/48 | €12,957 | €14,429 | +€1,472 | +11.4% |
| Accrued charges and deferred income | 492/3 | €3,259 | €12,950 | +€9,691 | +297% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €401,124 | €358,850 | -€42,274 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €765 | +€182 | +31.2% |
| Other operating charges | 640/8 | €1,297 | €1,489 | +€192 | +14.8% |
| Gross operating margin | 9900 | €436,947 | €278,950 | -€157,997 | -36.2% |
| Operating profit (loss) | 9901 | €33,943 | -€82,154 | -€116,097 | |
| Financial income | 75/76B | €1,937 | €8 | -€1,929 | -99.6% |
| Recurring financial income | 75 | €1,937 | €8 | -€1,929 | -99.6% |
| Financial charges | 65/66B | €11,837 | €11,150 | -€686 | -5.8% |
| Recurring financial charges | 65 | €11,837 | €11,150 | -€686 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €24,043 | -€93,296 | -€117,339 | |
| Income taxes | 67/77 | €8,447 | €0 | -€8,447 | -100% |
| Profit (loss) for the period | 9904 | €15,596 | -€93,296 | -€108,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,596 | -€93,296 | -€108,892 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.