LOTEC: 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.
LOTEC
Largest movements
- Cash +€161,082
up €161,082 (+152%), from €105,695 to €266,777
mainly Net result for the year (+€102,849) and Receivables within one year (+€87,584)
- Receivables within one year -€87,584
down €87,584 (-13.8%), from €634,372 to €546,787
of which Trade receivables: -€80,665
- Profit (loss) carried forward +€102,849
up €102,849 (+24.3%), from €422,955 to €525,804
- Tax, wage and social debts +€52,229
up €52,229 (+33.6%), from €155,641 to €207,870
of which Remuneration and social security: +€45,522
- Accrued charges and deferred income -€41,240
down €41,240 (-76.2%), from €54,110 to €12,870
- Trade debts -€38,106
down €38,106 (-36.6%), from €104,041 to €65,935
- Gross operating margin +€51,986
up €51,986 (+3.4%), from €1.5m to €1.6m
- Staff costs +€36,273
up €36,273 (+2.6%), from €1.4m to €1.4m
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 | €757,208 | €832,940 | +€75,732 | +10.0% |
| Fixed assets | 21/28 | €8,506 | €7,666 | -€840 | -9.9% |
| Tangible fixed assets | 22/27 | €3,361 | €2,521 | -€840 | -25.0% |
| Furniture and vehicles | 24 | €3,361 | €2,521 | -€840 | -25.0% |
| Financial fixed assets | 28 | €5,145 | €5,145 | = | 0.0% |
| Current assets | 29/58 | €748,702 | €825,275 | +€76,572 | +10.2% |
| Amounts receivable within one year | 40/41 | €634,372 | €546,787 | -€87,584 | -13.8% |
| Trade receivables | 40 | €580,427 | €499,762 | -€80,665 | -13.9% |
| Other amounts receivable | 41 | €53,945 | €47,025 | -€6,920 | -12.8% |
| Cash at bank and in hand | 54/58 | €105,695 | €266,777 | +€161,082 | +152% |
| Deferred charges and accrued income | 490/1 | €8,635 | €11,711 | +€3,075 | +35.6% |
| Total equity and liabilities | 10/49 | €757,208 | €832,940 | +€75,732 | +10.0% |
| Equity | 10/15 | €443,415 | €546,264 | +€102,849 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,955 | €525,804 | +€102,849 | +24.3% |
| Amounts payable | 17/49 | €313,793 | €286,676 | -€27,117 | -8.6% |
| Amounts payable within one year | 42/48 | €259,683 | €273,805 | +€14,123 | +5.4% |
| Trade debts | 44 | €104,041 | €65,935 | -€38,106 | -36.6% |
| Suppliers | 440/4 | €104,041 | €65,935 | -€38,106 | -36.6% |
| Taxes, remuneration and social security | 45 | €155,641 | €207,870 | +€52,229 | +33.6% |
| Taxes | 450/3 | €0 | €6,707 | +€6,707 | |
| Remuneration and social security | 454/9 | €155,641 | €201,163 | +€45,522 | +29.2% |
| Accrued charges and deferred income | 492/3 | €54,110 | €12,870 | -€41,240 | -76.2% |
| Remuneration, social security and pensions | 62 | €1,371,411 | €1,407,684 | +€36,273 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,511 | €840 | -€670 | -44.4% |
| Other operating charges | 640/8 | - | €1,724 | +€1,724 | |
| Gross operating margin | 9900 | €1,509,549 | €1,561,534 | +€51,986 | +3.4% |
| Operating profit (loss) | 9901 | €136,627 | €151,287 | +€14,660 | +10.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €36 | €190 | +€154 | +429% |
| Recurring financial charges | 65 | €36 | €190 | +€154 | +429% |
| Profit (loss) for the period before taxes | 9903 | €136,591 | €151,096 | +€14,505 | +10.6% |
| Income taxes | 67/77 | €43,766 | €48,247 | +€4,480 | +10.2% |
| Profit (loss) for the period | 9904 | €92,825 | €102,849 | +€10,025 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,825 | €102,849 | +€10,025 | +10.8% |
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 15 October 2026 via checked.be.