Lothis: 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.
Lothis
Largest movements
- Tangible fixed assets +€145,032
up €145,032 (+64.2%), from €225,873 to €370,905
of which Land and buildings: +€89,861
- Receivables within one year -€123,968
down €123,968 (-98.2%), from €126,221 to €2,253
of which Other amounts receivable: -€126,221
- Cash -€39,143
down €39,143 (-36.9%), from €105,949 to €66,806
mainly Investment in fixed assets (net) (-€195,479) and Contributions, distributions and other (-€40,000)
- Reserves -€43,661
down €43,661 (-33.0%), from €132,239 to €88,578
of which Distributable reserves: -€40,000
- Other debts +€18,939
up €18,939 (+305%), from €6,215 to €25,153
- Debts after one year +€12,790
up €12,790 (+17.6%), from €72,859 to €85,648
- Current portion of long-term debt -€11,829
down €11,829 (-39.0%), from €30,354 to €18,525
- Gross operating margin -€110,707
down €110,707 (-64.1%), from €172,836 to €62,128
- Depreciation +€30,625
up €30,625 (+155%), from €19,822 to €50,447
- Financial charges -€8,536
down €8,536 (-70.3%), from €12,144 to €3,607
- Other operating charges -€3,486
down €3,486 (-27.4%), from €12,709 to €9,223
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,016 | €446,559 | -€17,457 | -3.8% |
| Fixed assets | 21/28 | €230,983 | €376,015 | +€145,032 | +62.8% |
| Tangible fixed assets | 22/27 | €225,873 | €370,905 | +€145,032 | +64.2% |
| Land and buildings | 22 | €224,917 | €314,778 | +€89,861 | +40.0% |
| Plant, machinery and equipment | 23 | €956 | €522 | -€433 | -45.3% |
| Furniture and vehicles | 24 | - | €55,605 | +€55,605 | |
| Financial fixed assets | 28 | €5,110 | €5,110 | = | 0.0% |
| Current assets | 29/58 | €233,033 | €70,544 | -€162,489 | -69.7% |
| Amounts receivable within one year | 40/41 | €126,221 | €2,253 | -€123,968 | -98.2% |
| Trade receivables | 40 | - | €2,253 | +€2,253 | |
| Other amounts receivable | 41 | €126,221 | - | -€126,221 | |
| Cash at bank and in hand | 54/58 | €105,949 | €66,806 | -€39,143 | -36.9% |
| Deferred charges and accrued income | 490/1 | €863 | €1,485 | +€622 | +72.2% |
| Total equity and liabilities | 10/49 | €464,016 | €446,559 | -€17,457 | -3.8% |
| Equity | 10/15 | €309,415 | €269,989 | -€39,425 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,239 | €88,578 | -€43,661 | -33.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,379 | €86,718 | -€3,661 | -4.1% |
| Distributable reserves | 133 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €158,575 | €162,811 | +€4,236 | +2.7% |
| Provisions and deferred taxes | 16 | €38,770 | €36,884 | -€1,885 | -4.9% |
| Deferred taxes | 168 | €38,770 | €36,884 | -€1,885 | -4.9% |
| Amounts payable | 17/49 | €115,831 | €139,685 | +€23,854 | +20.6% |
| Amounts payable after more than one year | 17 | €72,859 | €85,648 | +€12,790 | +17.6% |
| Financial debts | 170/4 | €72,859 | €85,648 | +€12,790 | +17.6% |
| Amounts payable within one year | 42/48 | €42,972 | €54,037 | +€11,065 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €30,354 | €18,525 | -€11,829 | -39.0% |
| Financial debts | 43 | €1,021 | €3,891 | +€2,870 | +281% |
| Credit institutions | 430/8 | €1,021 | €3,891 | +€2,870 | +281% |
| Trade debts | 44 | €4,676 | €6,040 | +€1,365 | +29.2% |
| Suppliers | 440/4 | €4,676 | €6,040 | +€1,365 | +29.2% |
| Taxes, remuneration and social security | 45 | €708 | €427 | -€280 | -39.6% |
| Taxes | 450/3 | €708 | €427 | -€280 | -39.6% |
| Other amounts payable | 47/48 | €6,215 | €25,153 | +€18,939 | +305% |
| Non-recurring operating income | 76A | €117,342 | €36,844 | -€80,498 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,822 | €50,447 | +€30,625 | +155% |
| Other operating charges | 640/8 | €12,709 | €9,223 | -€3,486 | -27.4% |
| Non-recurring operating charges | 66A | €576 | - | -€576 | |
| Gross operating margin | 9900 | €172,836 | €62,128 | -€110,707 | -64.1% |
| Operating profit (loss) | 9901 | €139,729 | €2,458 | -€137,271 | -98.2% |
| Financial income | 75/76B | - | €266 | +€266 | |
| Recurring financial income | 75 | - | €266 | +€266 | |
| Financial charges | 65/66B | €12,144 | €3,607 | -€8,536 | -70.3% |
| Recurring financial charges | 65 | €12,144 | €3,607 | -€8,536 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €127,585 | -€883 | -€128,469 | |
| Transfer from deferred taxes | 780 | €3,987 | €1,885 | -€2,102 | -52.7% |
| Transfer to deferred taxes | 680 | €14,260 | - | -€14,260 | |
| Income taxes | 67/77 | €708 | €427 | -€280 | -39.6% |
| Profit (loss) for the period | 9904 | €116,604 | €575 | -€116,030 | -99.5% |
| Transfer from tax-exempt reserves | 789 | €7,743 | €3,661 | -€4,081 | -52.7% |
| Transfer to tax-exempt reserves | 689 | €42,781 | - | -€42,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,566 | €4,236 | -€77,330 | -94.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.