LOTKO: 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.
LOTKO
Largest movements
- Financial fixed assets +€27,716
up €27,716 (+3.5%), from €781,787 to €809,503
- Debts after one year -€50,526
down €50,526 (-7.1%), from €713,472 to €662,946
of which Financial debts: -€42,526
- Other debts +€32,461
up €32,461 (+1,034%), from €3,138 to €35,599
- Reserves +€28,157
up €28,157 (+1.9%), from €1.5m to €1.5m
- Financial income -€198,200
down €198,200 (-100.0%), from €198,203 to €4
of which Financial income: -€186,421
- Depreciation +€16,518
up €16,518 (+24.0%), from €68,812 to €85,330
- Financial charges +€5,181
up €5,181 (+74.9%), from €6,918 to €12,098
- Taxes -€2,894
down €2,894 (-10.3%), from €28,220 to €25,326
- Gross operating margin +€2,841
up €2,841 (+1.9%), from €149,713 to €152,554
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 | €2,259,670 | €2,263,301 | +€3,631 | +0.2% |
| Fixed assets | 21/28 | €2,202,760 | €2,229,706 | +€26,946 | +1.2% |
| Intangible fixed assets | 21 | €6,475 | €3,889 | -€2,586 | -39.9% |
| Tangible fixed assets | 22/27 | €1,414,498 | €1,416,314 | +€1,816 | +0.1% |
| Land and buildings | 22 | €1,373,889 | €1,374,058 | +€169 | 0.0% |
| Furniture and vehicles | 24 | €40,609 | €42,256 | +€1,648 | +4.1% |
| Financial fixed assets | 28 | €781,787 | €809,503 | +€27,716 | +3.5% |
| Current assets | 29/58 | €56,911 | €33,595 | -€23,316 | -41.0% |
| Amounts receivable within one year | 40/41 | €16,424 | €14,455 | -€1,968 | -12.0% |
| Trade receivables | 40 | €14,643 | €14,452 | -€191 | -1.3% |
| Other amounts receivable | 41 | €1,780 | €3 | -€1,777 | -99.8% |
| Cash at bank and in hand | 54/58 | €38,916 | €16,594 | -€22,322 | -57.4% |
| Deferred charges and accrued income | 490/1 | €1,571 | €2,546 | +€975 | +62.0% |
| Total equity and liabilities | 10/49 | €2,259,670 | €2,263,301 | +€3,631 | +0.2% |
| Equity | 10/15 | €1,482,406 | €1,510,563 | +€28,157 | +1.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,463,406 | €1,491,563 | +€28,157 | +1.9% |
| Distributable reserves | 133 | €1,463,406 | €1,491,563 | +€28,157 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €777,265 | €752,738 | -€24,527 | -3.2% |
| Amounts payable after more than one year | 17 | €713,472 | €662,946 | -€50,526 | -7.1% |
| Financial debts | 170/4 | €513,472 | €470,946 | -€42,526 | -8.3% |
| Other amounts payable | 178/9 | €200,000 | €192,000 | -€8,000 | -4.0% |
| Amounts payable within one year | 42/48 | €63,793 | €89,792 | +€25,999 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €41,555 | €42,526 | +€971 | +2.3% |
| Trade debts | 44 | €16,022 | €7,031 | -€8,990 | -56.1% |
| Suppliers | 440/4 | €16,022 | €7,031 | -€8,990 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,078 | €4,636 | +€1,557 | +50.6% |
| Taxes | 450/3 | €1,388 | €2,946 | +€1,557 | +112% |
| Remuneration and social security | 454/9 | €1,690 | €1,690 | = | 0.0% |
| Other amounts payable | 47/48 | €3,138 | €35,599 | +€32,461 | +1,034% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,812 | €85,330 | +€16,518 | +24.0% |
| Other operating charges | 640/8 | €2,515 | €1,646 | -€869 | -34.6% |
| Gross operating margin | 9900 | €149,713 | €152,554 | +€2,841 | +1.9% |
| Operating profit (loss) | 9901 | €78,386 | €65,578 | -€12,808 | -16.3% |
| Financial income | 75/76B | €198,203 | €4 | -€198,200 | -100.0% |
| Recurring financial income | 75 | €186,424 | €4 | -€186,421 | -100.0% |
| Non-recurring financial income | 76B | €11,779 | €0 | -€11,779 | -100% |
| Financial charges | 65/66B | €6,918 | €12,098 | +€5,181 | +74.9% |
| Recurring financial charges | 65 | €6,918 | €12,098 | +€5,181 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €269,672 | €53,484 | -€216,188 | -80.2% |
| Income taxes | 67/77 | €28,220 | €25,326 | -€2,894 | -10.3% |
| Profit (loss) for the period | 9904 | €241,452 | €28,157 | -€213,295 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €241,452 | €28,157 | -€213,295 | -88.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.