LOTRA: 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.
LOTRA
Largest movements
- Receivables within one year -€98,491
down €98,491 (-98.0%), from €100,511 to €2,020
of which Trade receivables: -€98,501
- Receivables after one year +€96,800
new in 2025: €96,800
- Cash +€1,679
up €1,679 (+46.6%), from €3,607 to €5,286
mainly Receivables within one year (+€98,491) and Net result for the year (+€3,972)
- Tangible fixed assets -€1,342
down €1,342 (-17.7%), from €7,580 to €6,237
of which Other tangible fixed assets: -€1,084
- Other debts -€7,891
down €7,891 (-37.8%), from €20,887 to €12,996
- Profit (loss) carried forward +€3,972
up €3,972, from -€3,110 to €862
- Tax, wage and social debts +€1,485
up €1,485 (+55.2%), from €2,689 to €4,174
- Gross operating margin +€11,235
up €11,235, from -€1,651 to €9,584
- Taxes +€2,458
up €2,458 (+582%), from €423 to €2,881
- Depreciation -€189
down €189 (-12.4%), from €1,532 to €1,342
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 | €111,966 | €110,619 | -€1,347 | -1.2% |
| Fixed assets | 21/28 | €7,730 | €6,387 | -€1,342 | -17.4% |
| Tangible fixed assets | 22/27 | €7,580 | €6,237 | -€1,342 | -17.7% |
| Furniture and vehicles | 24 | €1,053 | €795 | -€258 | -24.5% |
| Other tangible fixed assets | 26 | €6,527 | €5,443 | -€1,084 | -16.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €104,237 | €104,232 | -€5 | 0.0% |
| Amounts receivable after more than one year | 29 | - | €96,800 | +€96,800 | |
| Other amounts receivable | 291 | - | €96,800 | +€96,800 | |
| Amounts receivable within one year | 40/41 | €100,511 | €2,020 | -€98,491 | -98.0% |
| Trade receivables | 40 | €100,436 | €1,935 | -€98,501 | -98.1% |
| Other amounts receivable | 41 | €75 | €85 | +€11 | +14.2% |
| Cash at bank and in hand | 54/58 | €3,607 | €5,286 | +€1,679 | +46.6% |
| Deferred charges and accrued income | 490/1 | €119 | €125 | +€6 | +5.3% |
| Total equity and liabilities | 10/49 | €111,966 | €110,619 | -€1,347 | -1.2% |
| Equity | 10/15 | €88,390 | €92,362 | +€3,972 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,300 | €85,300 | = | 0.0% |
| Distributable reserves | 133 | €85,300 | €85,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,110 | €862 | +€3,972 | |
| Amounts payable | 17/49 | €23,576 | €18,257 | -€5,319 | -22.6% |
| Amounts payable within one year | 42/48 | €23,576 | €18,257 | -€5,319 | -22.6% |
| Trade debts | 44 | - | €1,087 | +€1,087 | |
| Suppliers | 440/4 | - | €1,087 | +€1,087 | |
| Taxes, remuneration and social security | 45 | €2,689 | €4,174 | +€1,485 | +55.2% |
| Taxes | 450/3 | €2,689 | €4,174 | +€1,485 | +55.2% |
| Other amounts payable | 47/48 | €20,887 | €12,996 | -€7,891 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,532 | €1,342 | -€189 | -12.4% |
| Other operating charges | 640/8 | €1,251 | €1,224 | -€27 | -2.1% |
| Gross operating margin | 9900 | -€1,651 | €9,584 | +€11,235 | |
| Operating profit (loss) | 9901 | -€4,433 | €7,018 | +€11,451 | |
| Financial charges | 65/66B | €129 | €165 | +€35 | +27.4% |
| Recurring financial charges | 65 | €129 | €165 | +€35 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,563 | €6,853 | +€11,416 | |
| Income taxes | 67/77 | €423 | €2,881 | +€2,458 | +582% |
| Profit (loss) for the period | 9904 | -€4,985 | €3,972 | +€8,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,985 | €3,972 | +€8,957 |
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 13 October 2026 via checked.be.