LOTERMAN-PERREMAN: 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.
LOTERMAN-PERREMAN
Largest movements
- Stocks and contracts +€9,239
up €9,239 (+10.1%), from €91,718 to €100,956
- Cash -€8,766
down €8,766 (-36.9%), from €23,736 to €14,970
mainly Other debts (-€10,113) and Stocks and contracts (-€9,239)
- Tangible fixed assets +€4,456
up €4,456 (+25.5%), from €17,465 to €21,922
of which Other tangible fixed assets: +€6,068
- Deferred charges and accrued income +€1,646
up €1,646 (+6,908%), from €24 to €1,670
- Reserves +€14,146
up €14,146 (+29.1%), from €48,606 to €62,752
of which Distributable reserves: +€14,146
- Other debts -€10,113
down €10,113 (-37.2%), from €27,211 to €17,097
- Current portion of long-term debt +€6,226
up €6,226 (+111%), from €5,604 to €11,830
- Trade debts -€2,235
down €2,235 (-41.3%), from €5,409 to €3,174
- Gross operating margin +€4,987
up €4,987 (+18.0%), from €27,706 to €32,693
- Write-downs +€2,322
up €2,322 (+1,860%), from €125 to €2,447
- Financial charges +€2,057
up €2,057 (+60.4%), from €3,404 to €5,461
- Other operating charges +€1,686
up €1,686 (+251%), from €673 to €2,359
- Taxes -€422
down €422 (-7.5%), from €5,632 to €5,210
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 | €140,209 | €147,698 | +€7,489 | +5.3% |
| Fixed assets | 21/28 | €17,465 | €22,481 | +€5,015 | +28.7% |
| Intangible fixed assets | 21 | - | €559 | +€559 | |
| Tangible fixed assets | 22/27 | €17,465 | €21,922 | +€4,456 | +25.5% |
| Plant, machinery and equipment | 23 | €2,540 | €1,394 | -€1,146 | -45.1% |
| Furniture and vehicles | 24 | €888 | €422 | -€466 | -52.5% |
| Other tangible fixed assets | 26 | €14,038 | €20,106 | +€6,068 | +43.2% |
| Current assets | 29/58 | €122,744 | €125,217 | +€2,474 | +2.0% |
| Stocks and contracts in progress | 3 | €91,718 | €100,956 | +€9,239 | +10.1% |
| Stocks | 30/36 | €91,718 | €100,956 | +€9,239 | +10.1% |
| Amounts receivable within one year | 40/41 | €7,267 | €7,621 | +€355 | +4.9% |
| Trade receivables | 40 | €7,267 | €7,621 | +€355 | +4.9% |
| Cash at bank and in hand | 54/58 | €23,736 | €14,970 | -€8,766 | -36.9% |
| Deferred charges and accrued income | 490/1 | €24 | €1,670 | +€1,646 | +6,908% |
| Total equity and liabilities | 10/49 | €140,209 | €147,698 | +€7,489 | +5.3% |
| Equity | 10/15 | €67,206 | €81,352 | +€14,146 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,606 | €62,752 | +€14,146 | +29.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,746 | €60,892 | +€14,146 | +30.3% |
| Amounts payable | 17/49 | €73,003 | €66,346 | -€6,657 | -9.1% |
| Amounts payable after more than one year | 17 | €20,814 | €19,533 | -€1,280 | -6.2% |
| Financial debts | 170/4 | €20,814 | €19,533 | -€1,280 | -6.2% |
| Amounts payable within one year | 42/48 | €50,689 | €45,312 | -€5,377 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €5,604 | €11,830 | +€6,226 | +111% |
| Trade debts | 44 | €5,409 | €3,174 | -€2,235 | -41.3% |
| Suppliers | 440/4 | €5,409 | €3,174 | -€2,235 | -41.3% |
| Taxes, remuneration and social security | 45 | €12,466 | €13,212 | +€746 | +6.0% |
| Taxes | 450/3 | €12,466 | €13,212 | +€746 | +6.0% |
| Other amounts payable | 47/48 | €27,211 | €17,097 | -€10,113 | -37.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €146 | +€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,134 | €3,276 | +€142 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €125 | €2,447 | +€2,322 | +1,860% |
| Other operating charges | 640/8 | €673 | €2,359 | +€1,686 | +251% |
| Gross operating margin | 9900 | €27,706 | €32,693 | +€4,987 | +18.0% |
| Operating profit (loss) | 9901 | €23,774 | €24,611 | +€837 | +3.5% |
| Financial income | 75/76B | €174 | €206 | +€31 | +17.9% |
| Recurring financial income | 75 | €174 | €206 | +€31 | +17.9% |
| Financial charges | 65/66B | €3,404 | €5,461 | +€2,057 | +60.4% |
| Recurring financial charges | 65 | €3,404 | €5,461 | +€2,057 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €20,545 | €19,356 | -€1,189 | -5.8% |
| Income taxes | 67/77 | €5,632 | €5,210 | -€422 | -7.5% |
| Profit (loss) for the period | 9904 | €14,913 | €14,146 | -€767 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,913 | €14,146 | -€767 | -5.1% |
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 29 October 2026 via checked.be.