LOT: what changed
Two fiscal 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.
LOT
Largest movements
- Receivables within one year -€36,484
down €36,484 (-92.6%), from €39,387 to €2,903
- Cash +€11,097
up €11,097 (+21.7%), from €51,232 to €62,329
mainly Receivables within one year (+€36,484) and Depreciation (+€9,514)
- Tangible fixed assets -€7,772
down €7,772 (-18.7%), from €41,608 to €33,837
of which Furniture and vehicles: -€5,400
- Trade debts -€13,381
down €13,381 (-98.8%), from €13,540 to €160
- Profit (loss) carried forward -€10,749
down €10,749 (-25.5%), from -€42,196 to -€52,945
- Debts after one year -€4,065
down €4,065 (-39.0%), from €10,435 to €6,369
- Current portion of long-term debt -€3,206
down €3,206 (-44.1%), from €7,272 to €4,065
- Tax, wage and social debts -€1,825
down €1,825 (-19.6%), from €9,334 to €7,509
of which Remuneration and social security: -€1,594
- Gross operating margin -€76,556
down €76,556 (-95.1%), from €80,467 to €3,910
- Depreciation -€5,449
down €5,449 (-36.4%), from €14,963 to €9,514
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,903 | €100,676 | -€33,226 | -24.8% |
| Fixed assets | 21/28 | €41,608 | €33,837 | -€7,772 | -18.7% |
| Tangible fixed assets | 22/27 | €41,608 | €33,837 | -€7,772 | -18.7% |
| Land and buildings | 22 | €21,727 | €18,569 | -€3,157 | -14.5% |
| Plant, machinery and equipment | 23 | €1,432 | €2,217 | +€786 | +54.9% |
| Furniture and vehicles | 24 | €18,450 | €13,050 | -€5,400 | -29.3% |
| Current assets | 29/58 | €92,294 | €66,840 | -€25,455 | -27.6% |
| Amounts receivable within one year | 40/41 | €39,387 | €2,903 | -€36,484 | -92.6% |
| Trade receivables | 40 | €39,387 | €2,903 | -€36,484 | -92.6% |
| Cash at bank and in hand | 54/58 | €51,232 | €62,329 | +€11,097 | +21.7% |
| Deferred charges and accrued income | 490/1 | €1,675 | €1,608 | -€68 | -4.0% |
| Total equity and liabilities | 10/49 | €133,903 | €100,676 | -€33,226 | -24.8% |
| Equity | 10/15 | €68,208 | €57,459 | -€10,749 | -15.8% |
| Contributions | 10/11 | €97,000 | €97,000 | = | 0.0% |
| Capital | 10 | €97,000 | €97,000 | = | 0.0% |
| Issued capital | 100 | €97,000 | €97,000 | = | 0.0% |
| Reserves | 13 | €13,404 | €13,404 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,700 | €9,700 | = | 0.0% |
| Legal reserve | 130 | €9,700 | €9,700 | = | 0.0% |
| Distributable reserves | 133 | €3,704 | €3,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,196 | -€52,945 | -€10,749 | -25.5% |
| Amounts payable | 17/49 | €65,695 | €43,217 | -€22,478 | -34.2% |
| Amounts payable after more than one year | 17 | €10,435 | €6,369 | -€4,065 | -39.0% |
| Financial debts | 170/4 | €10,435 | €6,369 | -€4,065 | -39.0% |
| Amounts payable within one year | 42/48 | €55,260 | €36,848 | -€18,412 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €7,272 | €4,065 | -€3,206 | -44.1% |
| Trade debts | 44 | €13,540 | €160 | -€13,381 | -98.8% |
| Suppliers | 440/4 | €13,540 | €160 | -€13,381 | -98.8% |
| Taxes, remuneration and social security | 45 | €9,334 | €7,509 | -€1,825 | -19.6% |
| Taxes | 450/3 | €7,741 | €7,509 | -€232 | -3.0% |
| Remuneration and social security | 454/9 | €1,594 | - | -€1,594 | |
| Other amounts payable | 47/48 | €25,114 | €25,114 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,963 | €9,514 | -€5,449 | -36.4% |
| Other operating charges | 640/8 | €3,850 | €4,192 | +€342 | +8.9% |
| Gross operating margin | 9900 | €80,467 | €3,910 | -€76,556 | -95.1% |
| Operating profit (loss) | 9901 | €61,654 | -€9,796 | -€71,449 | |
| Financial income | 75/76B | €0 | €132 | +€132 | +34686.8% |
| Recurring financial income | 75 | €0 | €132 | +€132 | +34686.8% |
| Financial charges | 65/66B | €847 | €849 | +€2 | +0.2% |
| Recurring financial charges | 65 | €847 | €849 | +€2 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €60,807 | -€10,512 | -€71,319 | |
| Income taxes | 67/77 | €242 | €237 | -€5 | -2.3% |
| Profit (loss) for the period | 9904 | €60,565 | -€10,749 | -€71,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,565 | -€10,749 | -€71,314 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.