LOTAR: 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.
What changed
LOTAR
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €5.2m-€3.6m
Equity
€15.8m
2024 · €14.4m+€1.4m
Cash
€4.7m
2024 · €1.9m+€2.8m
Balance sheet total
€21.5m
2024 · €20.1m+€1.4m
Largest movements
Assets
- Cash +€2.8m
up €2.8m (+148.1%), from €1.9m to €4.7m
mainly Net result for the year (+€1.6m) and Current investments (+€1.4m)
- Current investments -€1.4m
down €1.4m (-26.1%), from €5.3m to €3.9m
Equity and liabilities
- Reserves +€1.4m
up €1.4m (+9.7%), from €14.2m to €15.6m
of which Distributable reserves: +€1.4m
Income statement
- Financial income -€3.7m
down €3.7m (-80.9%), from €4.5m to €863,849
- Turnover -€133,746
down €133,746 (-3.4%), from €3.9m to €3.8m
- Staff costs -€106,641
down €106,641 (-20.6%), from €517,424 to €410,783
- Goods and materials -€78,682
down €78,682 (-2.5%), from €3.1m to €3.0m
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.
Result 2024
€5.2m
Turnover
-€133,746
Other operating income
-€21,241
Goods and materials
+€78,682
Services and other goods
+€37,011
Staff costs
+€106,641
Depreciation
-€1,558
Other operating charges
+€21,089
Other operating items
-€8,734
Financial income
-€3.7m
Financial charges
-€141
Taxes
-€28,592
Result 2025
€1.6m
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.
From operations
+€1.7m
Investment
+€1.3m
Financing
-€200,000
Cash 2024
€1.9m
From operations (derived)
+€1.7m
Net result for the year
+€1.6m
Depreciation
+€92,593
Receivables within one year
-€29,337
Smaller working-capital items
-€2,190
Trade debts
+€103,531
Tax, wage and social debts
+€50,396
Other debts
-€110,000
Investment (derived)
+€1.3m
Investment in fixed assets (net)
-€38,979
Current investments
+€1.4m
Financing
-€200,000
Contributions, distributions and other
-€200,000
Cash 2025
€4.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,119,368 | €21,533,905 | +€1.4m | +7.0% |
| Fixed assets | 21/28 | €12,254,918 | €12,201,303 | -€53,614 | -0.4% |
| Tangible fixed assets | 22/27 | €1,433,022 | €1,379,408 | -€53,614 | -3.7% |
| Land and buildings | 22 | €1,312,915 | €1,261,200 | -€51,715 | -3.9% |
| Furniture and vehicles | 24 | €120,108 | €118,208 | -€1,899 | -1.6% |
| Financial fixed assets | 28 | €10,821,895 | €10,821,895 | = | 0.0% |
| Affiliated companies | 280/1 | €10,821,895 | €10,821,895 | = | 0.0% |
| Participating interests | 280 | €10,821,895 | €10,821,895 | = | 0.0% |
| Current assets | 29/58 | €7,864,451 | €9,332,602 | +€1.5m | +18.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €643,151 | €672,488 | +€29,337 | +4.6% |
| Trade receivables | 40 | €641,887 | €629,170 | -€12,717 | -2.0% |
| Other amounts receivable | 41 | €1,264 | €43,318 | +€42,054 | +3328.3% |
| Current investments | 50/53 | €5,314,912 | €3,927,793 | -€1.4m | -26.1% |
| Other investments | 51/53 | €5,314,912 | €3,927,793 | -€1.4m | -26.1% |
| Cash at bank and in hand | 54/58 | €1,906,388 | €4,729,636 | +€2.8m | +148.1% |
| Deferred charges and accrued income | 490/1 | - | €2,685 | +€2,685 | |
| Total equity and liabilities | 10/49 | €20,119,368 | €21,533,905 | +€1.4m | +7.0% |
| Equity | 10/15 | €14,387,647 | €15,757,761 | +€1.4m | +9.5% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €14,192,647 | €15,562,761 | +€1.4m | +9.7% |
| Non-distributable reserves | 130/1 | €231,888 | €231,888 | = | 0.0% |
| Legal reserve | 130 | €231,888 | €231,888 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €13,960,759 | €15,330,874 | +€1.4m | +9.8% |
| Amounts payable | 17/49 | €5,731,721 | €5,776,144 | +€44,422 | +0.8% |
| Amounts payable within one year | 42/48 | €5,731,680 | €5,775,608 | +€43,927 | +0.8% |
| Trade debts | 44 | €102,934 | €206,466 | +€103,531 | +100.6% |
| Suppliers | 440/4 | €102,934 | €206,466 | +€103,531 | +100.6% |
| Taxes, remuneration and social security | 45 | €102,416 | €152,812 | +€50,396 | +49.2% |
| Taxes | 450/3 | €42,847 | €110,449 | +€67,602 | +157.8% |
| Remuneration and social security | 454/9 | €59,569 | €42,363 | -€17,205 | -28.9% |
| Other amounts payable | 47/48 | €5,526,330 | €5,416,330 | -€110,000 | -2.0% |
| Accrued charges and deferred income | 492/3 | €41 | €536 | +€495 | +1208.9% |
| Operating income | 70/76A | €5,255,189 | €5,091,068 | -€164,121 | -3.1% |
| Turnover | 70 | €3,946,306 | €3,812,560 | -€133,746 | -3.4% |
| Other operating income | 74 | €1,299,749 | €1,278,508 | -€21,241 | -1.6% |
| Non-recurring operating income | 76A | €9,134 | €0 | -€9,134 | -100.0% |
| Operating charges | 60/66A | €3,962,284 | €3,720,019 | -€242,265 | -6.1% |
| Goods for resale, raw materials and consumables | 60 | €3,122,144 | €3,043,462 | -€78,682 | -2.5% |
| Purchases | 600/8 | €3,122,144 | €3,043,462 | -€78,682 | -2.5% |
| Services and other goods | 61 | €194,689 | €157,679 | -€37,011 | -19.0% |
| Remuneration, social security and pensions | 62 | €517,424 | €410,783 | -€106,641 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,036 | €92,593 | +€1,558 | +1.7% |
| Other operating charges | 640/8 | €36,591 | €15,502 | -€21,089 | -57.6% |
| Non-recurring operating charges | 66A | €400 | €0 | -€400 | -100.0% |
| Operating profit (loss) | 9901 | €1,292,905 | €1,371,048 | +€78,144 | +6.0% |
| Financial income | 75/76B | €4,526,938 | €863,849 | -€3.7m | -80.9% |
| Recurring financial income | 75 | €4,526,938 | €863,849 | -€3.7m | -80.9% |
| Income from financial fixed assets | 750 | €4,399,912 | €699,986 | -€3.7m | -84.1% |
| Income from current assets | 751 | €79,641 | €121,516 | +€41,876 | +52.6% |
| Other financial income | 752/9 | €47,385 | €42,347 | -€5,039 | -10.6% |
| Financial charges | 65/66B | €368,421 | €368,562 | +€141 | 0.0% |
| Recurring financial charges | 65 | €368,421 | €368,562 | +€141 | 0.0% |
| Debt charges | 650 | €368,421 | €368,562 | +€141 | 0.0% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €5,451,421 | €1,866,336 | -€3.6m | -65.8% |
| Income taxes | 67/77 | €267,629 | €296,221 | +€28,592 | +10.7% |
| Taxes | 670/3 | €267,629 | €297,188 | +€29,559 | +11.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €967 | +€967 | |
| Profit (loss) for the period | 9904 | €5,183,793 | €1,570,115 | -€3.6m | -69.7% |
| Transfer from tax-exempt reserves | 789 | €315,750 | €0 | -€315,750 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,499,543 | €1,570,115 | -€3.9m | -71.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.