Loth Capital: 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.
Loth Capital
Largest movements
- Cash -€10,161
down €10,161 (-56.5%), from €17,978 to €7,816
mainly Receivables within one year (-€8,252) and Other debts (-€6,890)
- Receivables within one year +€8,252
up €8,252 (+91.4%), from €9,026 to €17,278
of which Trade receivables: +€9,454
- Deferred charges and accrued income -€1,900
down €1,900 (-42.3%), from €4,498 to €2,598
- Tangible fixed assets +€1,848
up €1,848 (+44.9%), from €4,115 to €5,964
- Current investments -€1,544
down €1,544 (-28.7%), from €5,384 to €3,840
- Other debts -€6,890
down €6,890 (-43.6%), from €15,812 to €8,922
- Reserves +€3,736
new in 2025: €3,736
- Tax, wage and social debts -€693
down €693 (-12.5%), from €5,522 to €4,830
- Accrued charges and deferred income +€623
new in 2025: €623
- Financial charges +€4,356
up €4,356, from -€1,818 to €2,538
- Depreciation +€3,234
up €3,234 (+217.4%), from €1,488 to €4,722
- Gross operating margin +€3,202
up €3,202 (+20.3%), from €15,792 to €18,993
- Taxes +€1,576
up €1,576 (+43.0%), from €3,665 to €5,241
- Other operating charges +€1,565
up €1,565 (+131.3%), from €1,192 to €2,757
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,000 | €37,495 | -€3,505 | -8.5% |
| Fixed assets | 21/28 | €4,115 | €5,964 | +€1,848 | +44.9% |
| Tangible fixed assets | 22/27 | €4,115 | €5,964 | +€1,848 | +44.9% |
| Furniture and vehicles | 24 | €4,115 | €5,964 | +€1,848 | +44.9% |
| Current assets | 29/58 | €36,885 | €31,531 | -€5,354 | -14.5% |
| Amounts receivable within one year | 40/41 | €9,026 | €17,278 | +€8,252 | +91.4% |
| Trade receivables | 40 | €7,691 | €17,145 | +€9,454 | +122.9% |
| Other amounts receivable | 41 | €1,335 | €133 | -€1,202 | -90.1% |
| Current investments | 50/53 | €5,384 | €3,840 | -€1,544 | -28.7% |
| Cash at bank and in hand | 54/58 | €17,978 | €7,816 | -€10,161 | -56.5% |
| Deferred charges and accrued income | 490/1 | €4,498 | €2,598 | -€1,900 | -42.3% |
| Total equity and liabilities | 10/49 | €41,000 | €37,495 | -€3,505 | -8.5% |
| Equity | 10/15 | €18,600 | €22,336 | +€3,736 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €3,736 | +€3,736 | |
| Distributable reserves | 133 | - | €3,736 | +€3,736 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,400 | €15,159 | -€7,241 | -32.3% |
| Amounts payable within one year | 42/48 | €22,400 | €14,537 | -€7,864 | -35.1% |
| Trade debts | 44 | €1,066 | €785 | -€281 | -26.4% |
| Suppliers | 440/4 | €1,066 | €785 | -€281 | -26.4% |
| Taxes, remuneration and social security | 45 | €5,522 | €4,830 | -€693 | -12.5% |
| Taxes | 450/3 | €5,522 | €4,830 | -€693 | -12.5% |
| Other amounts payable | 47/48 | €15,812 | €8,922 | -€6,890 | -43.6% |
| Accrued charges and deferred income | 492/3 | - | €623 | +€623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,488 | €4,722 | +€3,234 | +217.4% |
| Other operating charges | 640/8 | €1,192 | €2,757 | +€1,565 | +131.3% |
| Gross operating margin | 9900 | €15,792 | €18,993 | +€3,202 | +20.3% |
| Operating profit (loss) | 9901 | €13,112 | €11,514 | -€1,598 | -12.2% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | -€1,818 | €2,538 | +€4,356 | |
| Recurring financial charges | 65 | -€1,818 | €2,538 | +€4,356 | |
| Profit (loss) for the period before taxes | 9903 | €14,939 | €8,977 | -€5,963 | -39.9% |
| Income taxes | 67/77 | €3,665 | €5,241 | +€1,576 | +43.0% |
| Profit (loss) for the period | 9904 | €11,274 | €3,736 | -€7,538 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,274 | €3,736 | -€7,538 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.