LoSt: 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.
LoSt
Largest movements
- Stocks and contracts -€70,004
down €70,004 (-92.2%), from €75,890 to €5,886
- Tangible fixed assets -€17,770
down €17,770 (-13.2%), from €134,926 to €117,156
of which Other tangible fixed assets: -€15,687
- Receivables within one year +€4,740
up €4,740 (+24.9%), from €19,058 to €23,798
of which Other amounts receivable: +€2,870
- Cash +€3,035
up €3,035 (+743.2%), from €408 to €3,443
mainly Stocks and contracts (+€70,004) and Depreciation (+€20,213)
- Trade debts -€35,188
down €35,188 (-90.6%), from €38,819 to €3,631
- Debts after one year -€32,182
down €32,182 (-45.3%), from €71,074 to €38,892
- Short-term financial debts -€15,409
down €15,409 (-93.8%), from €16,431 to €1,022
- Other debts -€13,142
down €13,142 (-99.4%), from €13,222 to €81
- Tax, wage and social debts +€8,499
up €8,499 (+28.5%), from €29,852 to €38,351
of which Taxes: +€14,849
- Staff costs -€25,273
down €25,273 (-37.6%), from €67,138 to €41,865
- Gross operating margin -€24,052
down €24,052 (-21.6%), from €111,210 to €87,158
- Financial charges +€1,840
up €1,840 (+30.1%), from €6,105 to €7,945
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 | €234,448 | €153,700 | -€80,748 | -34.4% |
| Fixed assets | 21/28 | €137,051 | €119,281 | -€17,770 | -13.0% |
| Tangible fixed assets | 22/27 | €134,926 | €117,156 | -€17,770 | -13.2% |
| Plant, machinery and equipment | 23 | €2,212 | €636 | -€1,576 | -71.2% |
| Furniture and vehicles | 24 | €3,034 | €2,527 | -€507 | -16.7% |
| Other tangible fixed assets | 26 | €129,680 | €113,992 | -€15,687 | -12.1% |
| Financial fixed assets | 28 | €2,125 | €2,125 | = | 0.0% |
| Current assets | 29/58 | €97,397 | €34,419 | -€62,978 | -64.7% |
| Stocks and contracts in progress | 3 | €75,890 | €5,886 | -€70,004 | -92.2% |
| Stocks | 30/36 | €75,890 | €5,886 | -€70,004 | -92.2% |
| Amounts receivable within one year | 40/41 | €19,058 | €23,798 | +€4,740 | +24.9% |
| Trade receivables | 40 | €18,651 | €20,521 | +€1,870 | +10.0% |
| Other amounts receivable | 41 | €407 | €3,277 | +€2,870 | +705.4% |
| Cash at bank and in hand | 54/58 | €408 | €3,443 | +€3,035 | +743.2% |
| Deferred charges and accrued income | 490/1 | €2,040 | €1,291 | -€749 | -36.7% |
| Total equity and liabilities | 10/49 | €234,448 | €153,700 | -€80,748 | -34.4% |
| Equity | 10/15 | €33,971 | €39,541 | +€5,570 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,733 | €8,733 | = | 0.0% |
| Distributable reserves | 133 | €8,733 | €8,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,638 | €12,209 | +€5,570 | +83.9% |
| Amounts payable | 17/49 | €200,477 | €114,159 | -€86,318 | -43.1% |
| Amounts payable after more than one year | 17 | €71,074 | €38,892 | -€32,182 | -45.3% |
| Financial debts | 170/4 | €71,074 | €38,892 | -€32,182 | -45.3% |
| Amounts payable within one year | 42/48 | €129,403 | €75,267 | -€54,136 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €31,078 | €32,182 | +€1,104 | +3.6% |
| Financial debts | 43 | €16,431 | €1,022 | -€15,409 | -93.8% |
| Credit institutions | 430/8 | €16,431 | €1,022 | -€15,409 | -93.8% |
| Trade debts | 44 | €38,819 | €3,631 | -€35,188 | -90.6% |
| Suppliers | 440/4 | €38,819 | €3,631 | -€35,188 | -90.6% |
| Taxes, remuneration and social security | 45 | €29,852 | €38,351 | +€8,499 | +28.5% |
| Taxes | 450/3 | €23,502 | €38,351 | +€14,849 | +63.2% |
| Remuneration and social security | 454/9 | €6,350 | €0 | -€6,350 | -100.0% |
| Other amounts payable | 47/48 | €13,222 | €81 | -€13,142 | -99.4% |
| Remuneration, social security and pensions | 62 | €67,138 | €41,865 | -€25,273 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,456 | €20,213 | -€243 | -1.2% |
| Other operating charges | 640/8 | €5,590 | €6,616 | +€1,026 | +18.4% |
| Gross operating margin | 9900 | €111,210 | €87,158 | -€24,052 | -21.6% |
| Operating profit (loss) | 9901 | €18,025 | €18,463 | +€438 | +2.4% |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €6,105 | €7,945 | +€1,840 | +30.1% |
| Recurring financial charges | 65 | €6,105 | €7,945 | +€1,840 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €11,920 | €10,631 | -€1,289 | -10.8% |
| Income taxes | 67/77 | €5,282 | €5,061 | -€221 | -4.2% |
| Profit (loss) for the period | 9904 | €6,638 | €5,570 | -€1,068 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,638 | €5,570 | -€1,068 | -16.1% |
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 11 October 2026 via checked.be.