LOTUS 4 EVER: 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.
LOTUS 4 EVER
Largest movements
- Cash +€684,803
up €684,803 (+184%), from €372,123 to €1.1m
mainly Net result for the year (+€1.1m) and Depreciation (+€215,679)
- Financial fixed assets -€250,000
down €250,000 (-4.3%), from €5.8m to €5.5m
- Receivables within one year +€117,121
up €117,121 (+48.7%), from €240,469 to €357,591
of which Trade receivables: +€125,793
- Reserves +€1.1m
up €1.1m (+58.4%), from €1.8m to €2.9m
of which Distributable reserves: +€648,919
- Debts after one year -€608,781
down €608,781 (-8.0%), from €7.6m to €7.0m
of which Financial debts: -€608,781
- Gross operating margin +€234,304
up €234,304 (+26.2%), from €893,411 to €1.1m
- Financial income +€229,221
up €229,221 (+52.3%), from €437,877 to €667,098
of which Financial income: +€647,098
- Taxes +€65,607
up €65,607 (+61.9%), from €105,923 to €171,530
- Staff costs +€57,849
up €57,849 (+184%), from €31,463 to €89,311
- Financial charges -€14,406
down €14,406 (-6.6%), from €218,558 to €204,153
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 | €10,659,411 | €11,125,806 | +€466,395 | +4.4% |
| Fixed assets | 21/28 | €10,027,767 | €9,710,528 | -€317,239 | -3.2% |
| Tangible fixed assets | 22/27 | €4,229,866 | €4,162,627 | -€67,239 | -1.6% |
| Land and buildings | 22 | €4,229,866 | €4,162,627 | -€67,239 | -1.6% |
| Financial fixed assets | 28 | €5,797,900 | €5,547,900 | -€250,000 | -4.3% |
| Current assets | 29/58 | €631,644 | €1,415,279 | +€783,635 | +124% |
| Amounts receivable within one year | 40/41 | €240,469 | €357,591 | +€117,121 | +48.7% |
| Trade receivables | 40 | €108,401 | €234,194 | +€125,793 | +116% |
| Other amounts receivable | 41 | €132,068 | €123,396 | -€8,672 | -6.6% |
| Cash at bank and in hand | 54/58 | €372,123 | €1,056,926 | +€684,803 | +184% |
| Deferred charges and accrued income | 490/1 | €19,052 | €762 | -€18,290 | -96.0% |
| Total equity and liabilities | 10/49 | €10,659,411 | €11,125,806 | +€466,395 | +4.4% |
| Equity | 10/15 | €1,931,483 | €3,001,401 | +€1.1m | +55.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,831,483 | €2,901,401 | +€1.1m | +58.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,400 | €469,400 | +€421,000 | +870% |
| Distributable reserves | 133 | €1,773,083 | €2,422,001 | +€648,919 | +36.6% |
| Amounts payable | 17/49 | €8,727,928 | €8,124,405 | -€603,523 | -6.9% |
| Amounts payable after more than one year | 17 | €7,637,224 | €7,028,444 | -€608,781 | -8.0% |
| Financial debts | 170/4 | €7,605,163 | €6,996,382 | -€608,781 | -8.0% |
| Other amounts payable | 178/9 | €32,062 | €32,062 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,090,704 | €1,095,961 | +€5,257 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €722,016 | €740,679 | +€18,663 | +2.6% |
| Trade debts | 44 | €146,363 | €119,023 | -€27,340 | -18.7% |
| Suppliers | 440/4 | €146,363 | €119,023 | -€27,340 | -18.7% |
| Taxes, remuneration and social security | 45 | €13,693 | €10,469 | -€3,224 | -23.5% |
| Taxes | 450/3 | €10,923 | - | -€10,923 | |
| Remuneration and social security | 454/9 | €2,770 | €10,469 | +€7,698 | +278% |
| Other amounts payable | 47/48 | €208,631 | €225,790 | +€17,159 | +8.2% |
| Remuneration, social security and pensions | 62 | €31,463 | €89,311 | +€57,849 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,474 | €215,679 | +€5,206 | +2.5% |
| Other operating charges | 640/8 | €42,206 | €44,221 | +€2,015 | +4.8% |
| Gross operating margin | 9900 | €893,411 | €1,127,715 | +€234,304 | +26.2% |
| Operating profit (loss) | 9901 | €609,268 | €778,503 | +€169,234 | +27.8% |
| Financial income | 75/76B | €437,877 | €667,098 | +€229,221 | +52.3% |
| Recurring financial income | 75 | €20,000 | €667,098 | +€647,098 | +3,235% |
| Non-recurring financial income | 76B | €417,877 | - | -€417,877 | |
| Financial charges | 65/66B | €218,558 | €204,153 | -€14,406 | -6.6% |
| Recurring financial charges | 65 | €218,558 | €204,153 | -€14,406 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €828,587 | €1,241,448 | +€412,862 | +49.8% |
| Income taxes | 67/77 | €105,923 | €171,530 | +€65,607 | +61.9% |
| Profit (loss) for the period | 9904 | €722,664 | €1,069,919 | +€347,254 | +48.1% |
| Transfer from tax-exempt reserves | 789 | €225,250 | - | -€225,250 | |
| Transfer to tax-exempt reserves | 689 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €947,914 | €648,919 | -€298,996 | -31.5% |
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 16 October 2026 via checked.be.