LOTSEM: 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.
LOTSEM
Largest movements
- Cash +€130,008
up €130,008 (+52.7%), from €246,641 to €376,649
mainly Other debts (+€58,197) and Current investments (+€42,737)
- Current investments -€42,737
down €42,737 (-100%), from €42,737 to €0
- Receivables within one year -€26,621
down €26,621 (-67.2%), from €39,591 to €12,970
of which Trade receivables: -€28,305
- Deferred charges and accrued income +€9,041
up €9,041 (+169%), from €5,343 to €14,384
- Other debts +€58,197
up €58,197 (+1,297%), from €4,486 to €62,683
- Reserves +€9,781
up €9,781 (+2.9%), from €332,490 to €342,271
of which Distributable reserves: +€9,781
- Tax, wage and social debts -€5,881
down €5,881 (-56.8%), from €10,351 to €4,470
- Gross operating margin -€102,325
down €102,325, from €56,740 to -€45,585
- Financial income +€99,670
up €99,670 (+13,867%), from €719 to €100,389
- Financial charges +€7,384
up €7,384 (+1,015%), from €727 to €8,111
- Taxes -€2,419
down €2,419 (-25.3%), from €9,561 to €7,142
- Other operating charges +€1,207
up €1,207 (+14.3%), from €8,460 to €9,667
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 | €369,967 | €436,054 | +€66,088 | +17.9% |
| Fixed assets | 21/28 | €35,654 | €32,051 | -€3,603 | -10.1% |
| Intangible fixed assets | 21 | €889 | €401 | -€488 | -54.9% |
| Tangible fixed assets | 22/27 | €34,765 | €31,650 | -€3,115 | -9.0% |
| Plant, machinery and equipment | 23 | €18,163 | €19,895 | +€1,732 | +9.5% |
| Furniture and vehicles | 24 | €16,602 | €6,894 | -€9,708 | -58.5% |
| Other tangible fixed assets | 26 | - | €4,861 | +€4,861 | |
| Current assets | 29/58 | €334,313 | €404,003 | +€69,690 | +20.8% |
| Amounts receivable within one year | 40/41 | €39,591 | €12,970 | -€26,621 | -67.2% |
| Trade receivables | 40 | €30,838 | €2,533 | -€28,305 | -91.8% |
| Other amounts receivable | 41 | €8,754 | €10,437 | +€1,683 | +19.2% |
| Current investments | 50/53 | €42,737 | €0 | -€42,737 | -100% |
| Cash at bank and in hand | 54/58 | €246,641 | €376,649 | +€130,008 | +52.7% |
| Deferred charges and accrued income | 490/1 | €5,343 | €14,384 | +€9,041 | +169% |
| Total equity and liabilities | 10/49 | €369,967 | €436,054 | +€66,088 | +17.9% |
| Equity | 10/15 | €351,090 | €360,871 | +€9,781 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,490 | €342,271 | +€9,781 | +2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €330,630 | €340,411 | +€9,781 | +3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,876 | €75,183 | +€56,307 | +298% |
| Amounts payable within one year | 42/48 | €18,876 | €71,850 | +€52,974 | +281% |
| Trade debts | 44 | €3,840 | €4,697 | +€857 | +22.3% |
| Suppliers | 440/4 | €3,840 | €4,697 | +€857 | +22.3% |
| Advances received on contracts in progress | 46 | €199 | €0 | -€199 | -100% |
| Taxes, remuneration and social security | 45 | €10,351 | €4,470 | -€5,881 | -56.8% |
| Taxes | 450/3 | €10,351 | €4,470 | -€5,881 | -56.8% |
| Other amounts payable | 47/48 | €4,486 | €62,683 | +€58,197 | +1,297% |
| Accrued charges and deferred income | 492/3 | - | €3,333 | +€3,333 | |
| Non-recurring operating income | 76A | - | €202 | +€202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,456 | €19,271 | +€815 | +4.4% |
| Other operating charges | 640/8 | €8,460 | €9,667 | +€1,207 | +14.3% |
| Gross operating margin | 9900 | €56,740 | -€45,585 | -€102,325 | |
| Operating profit (loss) | 9901 | €29,824 | -€74,523 | -€104,347 | |
| Financial income | 75/76B | €719 | €100,389 | +€99,670 | +13,867% |
| Recurring financial income | 75 | €719 | €100,389 | +€99,670 | +13,867% |
| Financial charges | 65/66B | €727 | €8,111 | +€7,384 | +1,015% |
| Recurring financial charges | 65 | €727 | €8,111 | +€7,384 | +1,015% |
| Profit (loss) for the period before taxes | 9903 | €29,816 | €17,755 | -€12,061 | -40.4% |
| Income taxes | 67/77 | €9,561 | €7,142 | -€2,419 | -25.3% |
| Profit (loss) for the period | 9904 | €20,255 | €10,614 | -€9,641 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,255 | €10,614 | -€9,641 | -47.6% |
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 20 October 2026 via checked.be.