LOTIWI: 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.
LOTIWI
Largest movements
- Cash +€296,903
up €296,903 (+638%), from €46,511 to €343,414
mainly Net result for the year (+€240,078) and Tax, wage and social debts (+€51,370)
- Receivables within one year +€22,670
up €22,670 (+8.6%), from €264,273 to €286,943
of which Other amounts receivable: +€22,728
- Tangible fixed assets -€19,706
down €19,706 (-7.6%), from €260,556 to €240,850
- Reserves +€209,000
up €209,000 (+39.6%), from €528,000 to €737,000
of which Distributable reserves: +€209,000
- Tax, wage and social debts +€51,370
up €51,370 (+119%), from €43,132 to €94,502
of which Taxes: +€61,371
- Profit (loss) carried forward +€31,078
up €31,078, from -€30,728 to €350
- Gross operating margin +€256,219
up €256,219 (+110%), from €232,758 to €488,977
- Taxes +€77,172
up €77,172 (+20,973%), from €368 to €77,540
- Staff costs -€55,005
down €55,005 (-27.6%), from €199,207 to €144,202
- Other operating charges -€9,783
down €9,783 (-60.0%), from €16,295 to €6,513
- Financial income -€7,082
down €7,082 (-100.0%), from €7,082 to €0
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 | €597,826 | €887,199 | +€289,373 | +48.4% |
| Fixed assets | 21/28 | €263,456 | €243,750 | -€19,706 | -7.5% |
| Tangible fixed assets | 22/27 | €260,556 | €240,850 | -€19,706 | -7.6% |
| Land and buildings | 22 | €202,409 | €193,653 | -€8,756 | -4.3% |
| Plant, machinery and equipment | 23 | €2,073 | €2,336 | +€263 | +12.7% |
| Furniture and vehicles | 24 | €10,568 | €4,175 | -€6,393 | -60.5% |
| Other tangible fixed assets | 26 | €45,506 | €40,686 | -€4,820 | -10.6% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €334,370 | €643,449 | +€309,079 | +92.4% |
| Stocks and contracts in progress | 3 | €18,342 | €10,711 | -€7,631 | -41.6% |
| Stocks | 30/36 | €18,342 | €10,711 | -€7,631 | -41.6% |
| Amounts receivable within one year | 40/41 | €264,273 | €286,943 | +€22,670 | +8.6% |
| Trade receivables | 40 | €57 | - | -€57 | |
| Other amounts receivable | 41 | €264,215 | €286,943 | +€22,728 | +8.6% |
| Cash at bank and in hand | 54/58 | €46,511 | €343,414 | +€296,903 | +638% |
| Deferred charges and accrued income | 490/1 | €5,244 | €2,381 | -€2,863 | -54.6% |
| Total equity and liabilities | 10/49 | €597,826 | €887,199 | +€289,373 | +48.4% |
| Equity | 10/15 | €517,272 | €757,350 | +€240,078 | +46.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €528,000 | €737,000 | +€209,000 | +39.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €526,000 | €735,000 | +€209,000 | +39.7% |
| Profit (loss) carried forward | 14 | -€30,728 | €350 | +€31,078 | |
| Amounts payable | 17/49 | €80,554 | €129,849 | +€49,295 | +61.2% |
| Amounts payable after more than one year | 17 | €19,176 | €14,159 | -€5,016 | -26.2% |
| Financial debts | 170/4 | €19,176 | €14,159 | -€5,016 | -26.2% |
| Amounts payable within one year | 42/48 | €61,378 | €115,690 | +€54,312 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €4,947 | €5,016 | +€69 | +1.4% |
| Trade debts | 44 | €11,494 | €11,703 | +€210 | +1.8% |
| Suppliers | 440/4 | €11,494 | €11,703 | +€210 | +1.8% |
| Taxes, remuneration and social security | 45 | €43,132 | €94,502 | +€51,370 | +119% |
| Taxes | 450/3 | €21,902 | €83,273 | +€61,371 | +280% |
| Remuneration and social security | 454/9 | €21,231 | €11,229 | -€10,001 | -47.1% |
| Other amounts payable | 47/48 | €1,805 | €4,468 | +€2,663 | +148% |
| Non-recurring operating income | 76A | - | €3,909 | +€3,909 | |
| Remuneration, social security and pensions | 62 | €199,207 | €144,202 | -€55,005 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,934 | €18,459 | -€5,475 | -22.9% |
| Other operating charges | 640/8 | €16,295 | €6,513 | -€9,783 | -60.0% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €232,758 | €488,977 | +€256,219 | +110% |
| Operating profit (loss) | 9901 | -€6,678 | €319,703 | +€326,381 | |
| Financial income | 75/76B | €7,082 | €0 | -€7,082 | -100.0% |
| Recurring financial income | 75 | €7,082 | €0 | -€7,082 | -100.0% |
| Financial charges | 65/66B | €6,397 | €2,086 | -€4,312 | -67.4% |
| Recurring financial charges | 65 | €6,397 | €2,086 | -€4,312 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,994 | €317,618 | +€323,611 | |
| Income taxes | 67/77 | €368 | €77,540 | +€77,172 | +20,973% |
| Profit (loss) for the period | 9904 | -€6,362 | €240,078 | +€246,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,362 | €240,078 | +€246,440 |
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 25 October 2026 via checked.be.