LOT 49: 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.
LOT 49
Largest movements
- Cash -€44,916
down €44,916 (-65.4%), from €68,656 to €23,740
mainly Contributions, distributions and other (-€68,795) and Investment in fixed assets (net) (-€47,295)
- Tangible fixed assets +€35,538
up €35,538 (+347%), from €10,248 to €45,786
of which Furniture and vehicles: +€34,830
- Reserves -€40,864
down €40,864 (-24.3%), from €167,941 to €127,077
- Other debts +€25,110
up €25,110 (+25.4%), from €98,963 to €124,073
- Tax, wage and social debts +€9,775
up €9,775 (+155%), from €6,319 to €16,094
of which Taxes: +€6,394
- Gross operating margin -€11,953
down €11,953 (-18.2%), from €65,636 to €53,683
- Depreciation +€9,086
up €9,086 (+340%), from €2,672 to €11,758
- Taxes -€8,128
down €8,128 (-41.1%), from €19,771 to €11,643
- Financial income -€7,702
down €7,702 (-95.9%), from €8,027 to €325
- Financial charges +€951
up €951 (+1,317%), from €72 to €1,023
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 | €293,120 | €286,547 | -€6,573 | -2.2% |
| Fixed assets | 21/28 | €10,248 | €45,786 | +€35,538 | +347% |
| Tangible fixed assets | 22/27 | €10,248 | €45,786 | +€35,538 | +347% |
| Land and buildings | 22 | €4,769 | €5,476 | +€707 | +14.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,480 | €40,310 | +€34,830 | +636% |
| Current assets | 29/58 | €282,872 | €240,761 | -€42,111 | -14.9% |
| Amounts receivable within one year | 40/41 | €11,259 | €13,650 | +€2,391 | +21.2% |
| Trade receivables | 40 | €9,960 | €7,631 | -€2,329 | -23.4% |
| Other amounts receivable | 41 | €1,298 | €6,019 | +€4,721 | +364% |
| Current investments | 50/53 | €202,297 | €202,027 | -€270 | -0.1% |
| Cash at bank and in hand | 54/58 | €68,656 | €23,740 | -€44,916 | -65.4% |
| Deferred charges and accrued income | 490/1 | €660 | €1,344 | +€684 | +104% |
| Total equity and liabilities | 10/49 | €293,120 | €286,547 | -€6,573 | -2.2% |
| Equity | 10/15 | €186,541 | €145,677 | -€40,864 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,941 | €127,077 | -€40,864 | -24.3% |
| Distributable reserves | 133 | €167,941 | €127,077 | -€40,864 | -24.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,579 | €140,870 | +€34,291 | +32.2% |
| Amounts payable within one year | 42/48 | €106,579 | €140,870 | +€34,291 | +32.2% |
| Trade debts | 44 | €662 | €704 | +€41 | +6.2% |
| Suppliers | 440/4 | €662 | €704 | +€41 | +6.2% |
| Advances received on contracts in progress | 46 | €635 | €0 | -€635 | -100% |
| Taxes, remuneration and social security | 45 | €6,319 | €16,094 | +€9,775 | +155% |
| Taxes | 450/3 | €6,319 | €12,713 | +€6,394 | +101% |
| Remuneration and social security | 454/9 | - | €3,381 | +€3,381 | |
| Other amounts payable | 47/48 | €98,963 | €124,073 | +€25,110 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,672 | €11,758 | +€9,086 | +340% |
| Other operating charges | 640/8 | €705 | €1,653 | +€948 | +134% |
| Gross operating margin | 9900 | €65,636 | €53,683 | -€11,953 | -18.2% |
| Operating profit (loss) | 9901 | €62,259 | €40,272 | -€21,987 | -35.3% |
| Financial income | 75/76B | €8,027 | €325 | -€7,702 | -95.9% |
| Recurring financial income | 75 | €8,027 | €325 | -€7,702 | -95.9% |
| Financial charges | 65/66B | €72 | €1,023 | +€951 | +1,317% |
| Recurring financial charges | 65 | €72 | €1,023 | +€951 | +1,317% |
| Profit (loss) for the period before taxes | 9903 | €70,214 | €39,574 | -€30,640 | -43.6% |
| Income taxes | 67/77 | €19,771 | €11,643 | -€8,128 | -41.1% |
| Profit (loss) for the period | 9904 | €50,443 | €27,931 | -€22,512 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,443 | €27,931 | -€22,512 | -44.6% |
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 30 October 2026 via checked.be.