LOX: 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.
LOX
Largest movements
- Tangible fixed assets -€50,726
down €50,726 (-13.2%), from €382,982 to €332,256
of which Other tangible fixed assets: -€48,475
- Intangible fixed assets -€10,000
down €10,000 (-12.8%), from €78,384 to €68,384
- Receivables within one year -€7,655
down €7,655 (-53.6%), from €14,275 to €6,620
of which Other amounts receivable: -€4,921
- Debts after one year -€67,444
down €67,444 (-16.5%), from €408,177 to €340,733
- Profit (loss) carried forward +€23,701
up €23,701 (+5.9%), from -€402,383 to -€378,682
- Trade debts -€12,960
down €12,960 (-33.8%), from €38,332 to €25,371
- Tax, wage and social debts -€5,799
down €5,799 (-34.4%), from €16,870 to €11,070
of which Remuneration and social security: -€3,403
- Financial income +€155,873
up €155,873 (+16,399%), from €950 to €156,823
of which Non-recurring financial income: +€156,823
- Gross operating margin +€101,823
up €101,823, from -€56,633 to €45,190
- Staff costs +€68,505
up €68,505 (+169%), from €40,417 to €108,922
- Other operating charges -€8,311
down €8,311 (-81.9%), from €10,143 to €1,832
- Depreciation +€2,722
up €2,722 (+4.9%), from €56,004 to €58,726
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 | €494,837 | €432,596 | -€62,241 | -12.6% |
| Fixed assets | 21/28 | €469,166 | €408,725 | -€60,441 | -12.9% |
| Intangible fixed assets | 21 | €78,384 | €68,384 | -€10,000 | -12.8% |
| Tangible fixed assets | 22/27 | €382,982 | €332,256 | -€50,726 | -13.2% |
| Plant, machinery and equipment | 23 | €9,856 | €8,861 | -€995 | -10.1% |
| Furniture and vehicles | 24 | €3,568 | €2,313 | -€1,255 | -35.2% |
| Other tangible fixed assets | 26 | €369,558 | €321,082 | -€48,475 | -13.1% |
| Financial fixed assets | 28 | €7,800 | €8,085 | +€285 | +3.7% |
| Current assets | 29/58 | €25,672 | €23,871 | -€1,800 | -7.0% |
| Stocks and contracts in progress | 3 | €8,451 | €11,675 | +€3,224 | +38.1% |
| Stocks | 30/36 | €8,451 | €11,675 | +€3,224 | +38.1% |
| Amounts receivable within one year | 40/41 | €14,275 | €6,620 | -€7,655 | -53.6% |
| Trade receivables | 40 | €3,449 | €715 | -€2,734 | -79.3% |
| Other amounts receivable | 41 | €10,826 | €5,905 | -€4,921 | -45.5% |
| Cash at bank and in hand | 54/58 | €2,181 | €157 | -€2,024 | -92.8% |
| Deferred charges and accrued income | 490/1 | €764 | €5,419 | +€4,655 | +609% |
| Total equity and liabilities | 10/49 | €494,837 | €432,596 | -€62,241 | -12.6% |
| Equity | 10/15 | -€11,509 | €12,192 | +€23,701 | |
| Contributions | 10/11 | €390,874 | €390,874 | = | 0.0% |
| Capital | 10 | €390,874 | €390,874 | = | 0.0% |
| Issued capital | 100 | €390,874 | €390,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€402,383 | -€378,682 | +€23,701 | +5.9% |
| Amounts payable | 17/49 | €506,346 | €420,404 | -€85,942 | -17.0% |
| Amounts payable after more than one year | 17 | €408,177 | €340,733 | -€67,444 | -16.5% |
| Financial debts | 170/4 | €408,177 | €340,733 | -€67,444 | -16.5% |
| Amounts payable within one year | 42/48 | €96,155 | €79,576 | -€16,579 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €20,321 | €21,261 | +€940 | +4.6% |
| Financial debts | 43 | €20,633 | €21,873 | +€1,241 | +6.0% |
| Credit institutions | 430/8 | €20,633 | €21,873 | +€1,241 | +6.0% |
| Trade debts | 44 | €38,332 | €25,371 | -€12,960 | -33.8% |
| Suppliers | 440/4 | €38,332 | €25,371 | -€12,960 | -33.8% |
| Taxes, remuneration and social security | 45 | €16,870 | €11,070 | -€5,799 | -34.4% |
| Taxes | 450/3 | €7,130 | €4,734 | -€2,396 | -33.6% |
| Remuneration and social security | 454/9 | €9,740 | €6,336 | -€3,403 | -34.9% |
| Accrued charges and deferred income | 492/3 | €2,014 | €95 | -€1,919 | -95.3% |
| Remuneration, social security and pensions | 62 | €40,417 | €108,922 | +€68,505 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,004 | €58,726 | +€2,722 | +4.9% |
| Other operating charges | 640/8 | €10,143 | €1,832 | -€8,311 | -81.9% |
| Gross operating margin | 9900 | -€56,633 | €45,190 | +€101,823 | |
| Operating profit (loss) | 9901 | -€163,197 | -€124,290 | +€38,907 | +23.8% |
| Financial income | 75/76B | €950 | €156,823 | +€155,873 | +16,399% |
| Recurring financial income | 75 | €950 | €0 | -€950 | -100.0% |
| Non-recurring financial income | 76B | - | €156,823 | +€156,823 | |
| Financial charges | 65/66B | €10,694 | €8,833 | -€1,861 | -17.4% |
| Recurring financial charges | 65 | €10,694 | €8,833 | -€1,861 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€172,940 | €23,701 | +€196,641 | |
| Profit (loss) for the period | 9904 | -€172,940 | €23,701 | +€196,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,940 | €23,701 | +€196,641 |
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 15 October 2026 via checked.be.