LOTEL: 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.
LOTEL
Largest movements
- Receivables within one year -€12,080
down €12,080 (-32.9%), from €36,709 to €24,629
of which Other amounts receivable: -€10,721
- Cash -€5,930
no longer reported in 2025 (was €5,930)
mainly Net result for the year (-€14,987) and Current portion of long-term debt (-€7,613)
- Tangible fixed assets -€3,957
down €3,957 (-76.5%), from €5,171 to €1,214
of which Furniture and vehicles: -€4,088
- Profit (loss) carried forward -€14,987
down €14,987 (-59.8%), from €25,070 to €10,083
- Current portion of long-term debt -€7,613
down €7,613 (-87.7%), from €8,677 to €1,064
- Debts after one year -€1,064
no longer reported in 2025 (was €1,064)
- Short-term financial debts +€976
new in 2025: €976
- Trade debts +€816
up €816 (+43.2%), from €1,889 to €2,705
- Gross operating margin -€22,454
down €22,454, from €10,755 to -€11,699
- Turnover -€13,358
down €13,358 (-15.7%), from €85,199 to €71,841
- Purchases and services +€9,098
up €9,098 (+12.2%), from €74,442 to €83,540
- Depreciation -€3,479
down €3,479 (-46.8%), from €7,435 to €3,956
- Write-downs -€1,415
no longer reported in 2025 (was €1,415)
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 | €55,300 | €33,428 | -€21,872 | -39.6% |
| Fixed assets | 21/28 | €5,171 | €1,214 | -€3,957 | -76.5% |
| Tangible fixed assets | 22/27 | €5,171 | €1,214 | -€3,957 | -76.5% |
| Plant, machinery and equipment | 23 | - | €131 | +€131 | |
| Furniture and vehicles | 24 | €5,171 | €1,083 | -€4,088 | -79.1% |
| Current assets | 29/58 | €50,129 | €32,214 | -€17,915 | -35.7% |
| Stocks and contracts in progress | 3 | €7,490 | €7,585 | +€95 | +1.3% |
| Stocks | 30/36 | €7,490 | €7,585 | +€95 | +1.3% |
| Amounts receivable within one year | 40/41 | €36,709 | €24,629 | -€12,080 | -32.9% |
| Trade receivables | 40 | €4,840 | €3,481 | -€1,359 | -28.1% |
| Other amounts receivable | 41 | €31,869 | €21,148 | -€10,721 | -33.6% |
| Cash at bank and in hand | 54/58 | €5,930 | - | -€5,930 | |
| Total equity and liabilities | 10/49 | €55,300 | €33,428 | -€21,872 | -39.6% |
| Equity | 10/15 | €43,670 | €28,683 | -€14,987 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,070 | €10,083 | -€14,987 | -59.8% |
| Amounts payable | 17/49 | €11,630 | €4,745 | -€6,885 | -59.2% |
| Amounts payable after more than one year | 17 | €1,064 | - | -€1,064 | |
| Financial debts | 170/4 | €1,064 | - | -€1,064 | |
| Amounts payable within one year | 42/48 | €10,566 | €4,745 | -€5,821 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €8,677 | €1,064 | -€7,613 | -87.7% |
| Financial debts | 43 | - | €976 | +€976 | |
| Credit institutions | 430/8 | - | €976 | +€976 | |
| Trade debts | 44 | €1,889 | €2,705 | +€816 | +43.2% |
| Suppliers | 440/4 | €1,889 | €2,705 | +€816 | +43.2% |
| Turnover | 70 | €85,199 | €71,841 | -€13,358 | -15.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,442 | €83,540 | +€9,098 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,435 | €3,956 | -€3,479 | -46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,415 | - | -€1,415 | |
| Other operating charges | 640/8 | €740 | €637 | -€103 | -13.9% |
| Gross operating margin | 9900 | €10,755 | -€11,699 | -€22,454 | |
| Operating profit (loss) | 9901 | €1,165 | -€16,292 | -€17,457 | |
| Financial income | 75/76B | €1,561 | €1,589 | +€28 | +1.8% |
| Recurring financial income | 75 | €1,561 | €1,589 | +€28 | +1.8% |
| Financial charges | 65/66B | €255 | €284 | +€29 | +11.4% |
| Recurring financial charges | 65 | €255 | €284 | +€29 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €2,471 | -€14,987 | -€17,458 | |
| Profit (loss) for the period | 9904 | €2,471 | -€14,987 | -€17,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,471 | -€14,987 | -€17,458 |
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 20 October 2026 via checked.be.