LOTADHASEL: 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.
LOTADHASEL
Largest movements
- Tangible fixed assets +€329,682
up €329,682 (+143%), from €230,646 to €560,328
of which Land and buildings: +€332,911
- Receivables within one year -€35,371
down €35,371 (-84.0%), from €42,128 to €6,757
- Cash -€21,940
down €21,940 (-21.7%), from €101,090 to €79,150
mainly Investment in fixed assets (net) (-€369,484) and Deferred charges and accrued income (-€15,287)
- Deferred charges and accrued income +€15,287
new in 2025: €15,287
- Debts after one year +€304,269
up €304,269 (+245%), from €124,377 to €428,645
- Profit (loss) carried forward -€13,293
down €13,293 (-6.1%), from €218,518 to €205,225
- Trade debts -€12,161
down €12,161 (-87.7%), from €13,875 to €1,713
- Current portion of long-term debt +€11,634
up €11,634 (+55.1%), from €21,098 to €32,731
- Gross operating margin -€41,965
down €41,965 (-33.0%), from €127,054 to €85,089
- Depreciation +€19,456
up €19,456 (+95.6%), from €20,346 to €39,802
- Taxes +€6,652
up €6,652, from €0 to €6,652
- Financial charges +€4,946
up €4,946 (+120%), from €4,112 to €9,058
- Staff costs -€4,909
down €4,909 (-11.1%), from €44,424 to €39,515
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 | €382,303 | €670,572 | +€288,268 | +75.4% |
| Fixed assets | 21/28 | €230,646 | €560,328 | +€329,682 | +143% |
| Tangible fixed assets | 22/27 | €230,646 | €560,328 | +€329,682 | +143% |
| Land and buildings | 22 | €226,955 | €559,867 | +€332,911 | +147% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,690 | €461 | -€3,229 | -87.5% |
| Current assets | 29/58 | €151,658 | €110,244 | -€41,414 | -27.3% |
| Stocks and contracts in progress | 3 | €8,440 | €9,050 | +€610 | +7.2% |
| Stocks | 30/36 | €8,440 | €9,050 | +€610 | +7.2% |
| Amounts receivable within one year | 40/41 | €42,128 | €6,757 | -€35,371 | -84.0% |
| Other amounts receivable | 41 | €42,128 | €6,757 | -€35,371 | -84.0% |
| Cash at bank and in hand | 54/58 | €101,090 | €79,150 | -€21,940 | -21.7% |
| Deferred charges and accrued income | 490/1 | - | €15,287 | +€15,287 | |
| Total equity and liabilities | 10/49 | €382,303 | €670,572 | +€288,268 | +75.4% |
| Equity | 10/15 | €220,378 | €207,085 | -€13,293 | -6.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,518 | €205,225 | -€13,293 | -6.1% |
| Amounts payable | 17/49 | €161,925 | €463,487 | +€301,562 | +186% |
| Amounts payable after more than one year | 17 | €124,377 | €428,645 | +€304,269 | +245% |
| Financial debts | 170/4 | €124,377 | €428,645 | +€304,269 | +245% |
| Amounts payable within one year | 42/48 | €37,549 | €34,842 | -€2,707 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €21,098 | €32,731 | +€11,634 | +55.1% |
| Trade debts | 44 | €13,875 | €1,713 | -€12,161 | -87.7% |
| Suppliers | 440/4 | €13,875 | €1,713 | -€12,161 | -87.7% |
| Taxes, remuneration and social security | 45 | €2,577 | €397 | -€2,179 | -84.6% |
| Taxes | 450/3 | €2,577 | €397 | -€2,179 | -84.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €44,424 | €39,515 | -€4,909 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,346 | €39,802 | +€19,456 | +95.6% |
| Other operating charges | 640/8 | €4,179 | €3,357 | -€822 | -19.7% |
| Gross operating margin | 9900 | €127,054 | €85,089 | -€41,965 | -33.0% |
| Operating profit (loss) | 9901 | €58,105 | €2,416 | -€55,689 | -95.8% |
| Financial charges | 65/66B | €4,112 | €9,058 | +€4,946 | +120% |
| Recurring financial charges | 65 | €4,112 | €9,058 | +€4,946 | +120% |
| Profit (loss) for the period before taxes | 9903 | €53,994 | -€6,642 | -€60,635 | |
| Income taxes | 67/77 | €0 | €6,652 | +€6,652 | |
| Profit (loss) for the period | 9904 | €53,994 | -€13,293 | -€67,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,994 | -€13,293 | -€67,287 |
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 22 October 2026 via checked.be.