LOTUS: 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
LOTUS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€22,375
2024 · -€38,099+€15,724
Equity
€6.1m
2024 · €6.1m-€22,375
Cash
€150,804
2024 · €161,266-€10,462
Balance sheet total
€6.8m
2024 · €6.7m+€87,824
Largest movements
Assets
- Receivables within one year +€223,030
up €223,030 (+100.8%), from €221,224 to €444,254
of which Other amounts receivable: +€239,947
- Receivables after one year -€137,280
down €137,280 (-8.8%), from €1.6m to €1.4m
- Current investments +€87,741
up €87,741 (+3.8%), from €2.3m to €2.4m
Equity and liabilities
- Debts after one year +€195,582
up €195,582 (+76.2%), from €256,758 to €452,340
Income statement
- Financial income +€45,963
up €45,963 (+47.2%), from €97,288 to €143,251
- Gross operating margin -€25,390
down €25,390 (-69.9%), from -€36,338 to -€61,729
- Depreciation +€6,655
up €6,655 (+8.7%), from €76,301 to €82,957
- Other operating charges -€1,033
down €1,033 (-8.4%), from €12,308 to €11,275
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
-€38,099
Gross operating margin
-€25,390
Depreciation
-€6,655
Other operating charges
+€1,033
Other operating items
+€1,136
Financial income
+€45,963
Financial charges
-€526
Taxes
+€163
Result 2025
-€22,375
Cash bridge derived
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
-€49,753
Investment
-€99,509
Financing
+€138,799
Cash 2024
€161,266
From operations (derived)
-€49,753
Net result for the year
-€22,375
Depreciation
+€82,957
Receivables after one year
+€137,280
Receivables within one year
-€223,030
Deferred charges and accrued income
+€4,016
Trade debts
-€17,556
Tax, wage and social debts
-€976
Other debts
-€10,068
Investment (derived)
-€99,509
Investment in fixed assets (net)
-€11,768
Current investments
-€87,741
Financing
+€138,799
Debts after one year
+€195,582
Current portion of long-term debt
-€56,783
Cash 2025
€150,804
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,700,765 | €6,788,589 | +€87,824 | +1.3% |
| Formation expenses | 20 | - | €120 | +€120 | |
| Fixed assets | 21/28 | €2,445,870 | €2,374,561 | -€71,309 | -2.9% |
| Tangible fixed assets | 22/27 | €2,289,729 | €2,230,552 | -€59,177 | -2.6% |
| Land and buildings | 22 | €2,238,309 | €2,190,168 | -€48,142 | -2.2% |
| Plant, machinery and equipment | 23 | €813 | €2,769 | +€1,956 | +240.6% |
| Furniture and vehicles | 24 | €50,607 | €37,616 | -€12,991 | -25.7% |
| Financial fixed assets | 28 | €156,141 | €144,009 | -€12,132 | -7.8% |
| Current assets | 29/58 | €4,254,895 | €4,413,907 | +€159,013 | +3.7% |
| Amounts receivable after more than one year | 29 | €1,561,838 | €1,424,558 | -€137,280 | -8.8% |
| Other amounts receivable | 291 | €1,561,838 | €1,424,558 | -€137,280 | -8.8% |
| Amounts receivable within one year | 40/41 | €221,224 | €444,254 | +€223,030 | +100.8% |
| Trade receivables | 40 | €48,700 | €31,783 | -€16,917 | -34.7% |
| Other amounts receivable | 41 | €172,524 | €412,471 | +€239,947 | +139.1% |
| Current investments | 50/53 | €2,304,153 | €2,391,894 | +€87,741 | +3.8% |
| Cash at bank and in hand | 54/58 | €161,266 | €150,804 | -€10,462 | -6.5% |
| Deferred charges and accrued income | 490/1 | €6,413 | €2,397 | -€4,016 | -62.6% |
| Total equity and liabilities | 10/49 | €6,700,765 | €6,788,589 | +€87,824 | +1.3% |
| Equity | 10/15 | €6,116,011 | €6,093,636 | -€22,375 | -0.4% |
| Contributions | 10/11 | €922,000 | €922,000 | = | 0.0% |
| Contributions outside capital | 11 | €922,000 | €922,000 | = | 0.0% |
| Share premium | 1100/10 | €922,000 | €922,000 | = | 0.0% |
| Reserves | 13 | €5,194,011 | €5,171,636 | -€22,375 | -0.4% |
| Non-distributable reserves | 130/1 | €28,713 | €28,713 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,713 | €28,713 | = | 0.0% |
| Distributable reserves | 133 | €5,165,299 | €5,142,923 | -€22,375 | -0.4% |
| Amounts payable | 17/49 | €584,753 | €694,953 | +€110,200 | +18.8% |
| Amounts payable after more than one year | 17 | €256,758 | €452,340 | +€195,582 | +76.2% |
| Financial debts | 170/4 | €256,758 | €452,340 | +€195,582 | +76.2% |
| Amounts payable within one year | 42/48 | €327,995 | €242,613 | -€85,382 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €213,327 | €156,544 | -€56,783 | -26.6% |
| Trade debts | 44 | €22,265 | €4,709 | -€17,556 | -78.9% |
| Suppliers | 440/4 | €22,265 | €4,709 | -€17,556 | -78.9% |
| Taxes, remuneration and social security | 45 | €24,041 | €23,066 | -€976 | -4.1% |
| Taxes | 450/3 | €24,041 | €23,066 | -€976 | -4.1% |
| Other amounts payable | 47/48 | €68,362 | €58,294 | -€10,068 | -14.7% |
| Non-recurring operating income | 76A | €23,708 | €0 | -€23,708 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,301 | €82,957 | +€6,655 | +8.7% |
| Other operating charges | 640/8 | €12,308 | €11,275 | -€1,033 | -8.4% |
| Non-recurring operating charges | 66A | €1,858 | €723 | -€1,136 | -61.1% |
| Gross operating margin | 9900 | -€36,338 | -€61,729 | -€25,390 | -69.9% |
| Operating profit (loss) | 9901 | -€126,806 | -€156,683 | -€29,877 | -23.6% |
| Financial income | 75/76B | €97,288 | €143,251 | +€45,963 | +47.2% |
| Recurring financial income | 75 | €97,288 | €143,251 | +€45,963 | +47.2% |
| Financial charges | 65/66B | €7,969 | €8,494 | +€526 | +6.6% |
| Recurring financial charges | 65 | €7,969 | €8,494 | +€526 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,487 | -€21,926 | +€15,560 | +41.5% |
| Income taxes | 67/77 | €613 | €449 | -€163 | -26.7% |
| Profit (loss) for the period | 9904 | -€38,099 | -€22,375 | +€15,724 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,099 | -€22,375 | +€15,724 | +41.3% |
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 11 October 2026 via checked.be.