LOTTEX: 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.
What changed
LOTTEX
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €299,687+€4.2m
Equity
€4.9m
2024 · €412,569+€4.5m
Cash
€159,147
2024 · €143,261+€15,886
Balance sheet total
€5.2m
2024 · €750,355+€4.4m
Largest movements
Assets
- Current investments +€3.3m
new in 2025: €3.3m
- Financial fixed assets +€1.2m
up €1.2m (+335%), from €344,975 to €1.5m
Equity and liabilities
- Reserves +€4.5m
up €4.5m (+1,146%), from €393,969 to €4.9m
- Debts after one year -€209,356
down €209,356 (-100%), from €209,356 to €0
of which Other amounts payable: -€200,000
- Other debts +€100,824
up €100,824 (+153%), from €65,778 to €166,602
Income statement
- Gross operating margin +€4.2m
up €4.2m (+966%), from €430,630 to €4.6m
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.
Result 2024
€299,687
Gross operating margin
+€4.2m
Depreciation
-€336
Other operating charges
+€308
Financial income
+€45,135
Financial charges
+€4,820
Taxes
+€38,382
Result 2025
€4.5m
raises the resultlowers the result
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.
From operations
+€4.7m
Investment
-€4.4m
Financing
-€253,801
Cash 2024
€143,261
From operations (derived)
+€4.7m
Net result for the year
+€4.5m
Depreciation
+€15,224
Smaller working-capital items
-€2,210
Deferred charges and accrued income
-€42,434
Tax, wage and social debts
+€51,458
Other debts
+€100,824
Accrued charges and deferred income
+€11,952
Investment (derived)
-€4.4m
Investment in fixed assets (net)
-€1.2m
Current investments
-€3.3m
Financing
-€253,801
Debts after one year
-€209,356
Current portion of long-term debt
-€12,953
Contributions, distributions and other
-€31,492
Cash 2025
€159,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,355 | €5,198,019 | +€4.4m | +593% |
| Fixed assets | 21/28 | €534,506 | €1,682,261 | +€1.1m | +215% |
| Tangible fixed assets | 22/27 | €189,531 | €182,262 | -€7,270 | -3.8% |
| Land and buildings | 22 | €154,871 | €149,044 | -€5,827 | -3.8% |
| Plant, machinery and equipment | 23 | €8,609 | €9,467 | +€858 | +10.0% |
| Furniture and vehicles | 24 | €1,186 | €1,837 | +€651 | +54.9% |
| Other tangible fixed assets | 26 | €24,865 | €21,914 | -€2,952 | -11.9% |
| Financial fixed assets | 28 | €344,975 | €1,499,999 | +€1.2m | +335% |
| Current assets | 29/58 | €215,848 | €3,515,758 | +€3.3m | +1,529% |
| Amounts receivable within one year | 40/41 | €67,269 | €58,859 | -€8,410 | -12.5% |
| Trade receivables | 40 | €51,214 | €30,754 | -€20,460 | -39.9% |
| Other amounts receivable | 41 | €16,055 | €28,105 | +€12,050 | +75.1% |
| Current investments | 50/53 | - | €3,250,000 | +€3.3m | |
| Cash at bank and in hand | 54/58 | €143,261 | €159,147 | +€15,886 | +11.1% |
| Deferred charges and accrued income | 490/1 | €5,318 | €47,752 | +€42,434 | +798% |
| Total equity and liabilities | 10/49 | €750,355 | €5,198,019 | +€4.4m | +593% |
| Equity | 10/15 | €412,569 | €4,928,929 | +€4.5m | +1,095% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €393,969 | €4,910,329 | +€4.5m | +1,146% |
| Distributable reserves | 133 | €393,969 | €4,910,329 | +€4.5m | +1,146% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €337,786 | €269,090 | -€68,696 | -20.3% |
| Amounts payable after more than one year | 17 | €209,356 | €0 | -€209,356 | -100% |
| Financial debts | 170/4 | €9,356 | €0 | -€9,356 | -100% |
| Other amounts payable | 178/9 | €200,000 | €0 | -€200,000 | -100% |
| Amounts payable within one year | 42/48 | €126,430 | €255,139 | +€128,709 | +102% |
| Current portion of amounts payable after more than one year | 42 | €22,309 | €9,356 | -€12,953 | -58.1% |
| Trade debts | 44 | €27,241 | €16,621 | -€10,620 | -39.0% |
| Suppliers | 440/4 | €27,241 | €16,621 | -€10,620 | -39.0% |
| Taxes, remuneration and social security | 45 | €11,101 | €62,560 | +€51,458 | +464% |
| Taxes | 450/3 | €11,101 | €62,560 | +€51,458 | +464% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €65,778 | €166,602 | +€100,824 | +153% |
| Accrued charges and deferred income | 492/3 | €2,000 | €13,952 | +€11,952 | +598% |
| Non-recurring operating income | 76A | €0 | €4,712,830 | +€4.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,888 | €15,224 | +€336 | +2.3% |
| Other operating charges | 640/8 | €2,594 | €2,286 | -€308 | -11.9% |
| Gross operating margin | 9900 | €430,630 | €4,590,487 | +€4.2m | +966% |
| Operating profit (loss) | 9901 | €413,148 | €4,572,976 | +€4.2m | +1,007% |
| Financial income | 75/76B | €35 | €45,170 | +€45,135 | +128,224% |
| Recurring financial income | 75 | €35 | €45,170 | +€45,135 | +128,224% |
| Financial charges | 65/66B | €24,540 | €19,720 | -€4,820 | -19.6% |
| Recurring financial charges | 65 | €24,540 | €19,720 | -€4,820 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €388,643 | €4,598,427 | +€4.2m | +1,083% |
| Income taxes | 67/77 | €88,956 | €50,574 | -€38,382 | -43.1% |
| Profit (loss) for the period | 9904 | €299,687 | €4,547,853 | +€4.2m | +1,418% |
| Profit (loss) for the period to be appropriated | 9905 | €299,687 | €4,547,853 | +€4.2m | +1,418% |
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 18 October 2026 via checked.be.