LOXAM: 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
LOXAM
NACE 77.229, Renting and leasing of other personal and household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€607,236
2024 · -€2.7m+€2.1m
Equity
-€8.4m
2024 · -€7.8m-€607,236
Cash
€280,388
2024 · €235,744+€44,645
Balance sheet total
€38.1m
2024 · €41.1m-€3.1m
Largest movements
Assets
- Tangible fixed assets -€2.3m
down €2.3m (-8.2%), from €28.5m to €26.2m
of which Plant, machinery and equipment: -€1.9m
- Intangible fixed assets -€904,686
down €904,686 (-18.4%), from €4.9m to €4.0m
Equity and liabilities
- Other debts -€23.2m
down €23.2m (-95.3%), from €24.3m to €1.1m
- Debts after one year +€17.9m
up €17.9m (+121%), from €14.9m to €32.8m
of which Other amounts payable: +€18.8m
- Current portion of long-term debt +€1.8m
up €1.8m (+45.0%), from €4.1m to €5.9m
- Profit (loss) carried forward -€607,236
down €607,236 (-6.1%), from -€9.9m to -€10.5m
- Tax, wage and social debts +€543,662
up €543,662 (+38.2%), from €1.4m to €2.0m
of which Taxes: +€837,474
Income statement
- Financial income +€5.4m
up €5.4m (+7,153%), from €74,896 to €5.4m
of which Non-recurring financial income: +€5.4m
- Turnover -€4.5m
down €4.5m (-13.4%), from €33.5m to €29.0m
- Services and other goods -€1.2m
down €1.2m (-8.4%), from €13.7m to €12.6m
- Goods and materials -€759,471
down €759,471 (-11.6%), from €6.5m to €5.8m
of which Purchases: -€710,812
- Staff costs -€551,486
down €551,486 (-6.0%), from €9.2m to €8.7m
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
-€2.7m
Turnover
-€4.5m
Other operating income
-€413,867
Goods and materials
+€759,471
Services and other goods
+€1.2m
Staff costs
+€551,486
Depreciation
+€237,431
Write-downs
-€111,733
Provisions
-€106,933
Other operating charges
+€49,059
Other operating items
-€945,416
Financial income
+€5.4m
Financial charges
+€73,044
Taxes
-€18,650
Result 2025
-€607,236
raises the resultlowers the resultnot broken down further in the accounts
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
-€16.1m
Investment
-€3.6m
Financing
+€19.8m
Cash 2024
€235,744
From operations (derived)
-€16.1m
Net result for the year
-€607,236
Depreciation
+€6.8m
Stocks and contracts
-€64,167
Receivables within one year
-€75,679
Deferred charges and accrued income
+€72,112
Provisions
+€106,933
Trade debts
+€293,725
Tax, wage and social debts
+€543,662
Other debts
-€23.2m
Accrued charges and deferred income
-€1,000
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€19.8m
Debts after one year
+€17.9m
Current portion of long-term debt
+€1.8m
Cash 2025
€280,388
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,143,539 | €38,053,399 | -€3.1m | -7.5% |
| Fixed assets | 21/28 | €33,474,604 | €30,272,084 | -€3.2m | -9.6% |
| Intangible fixed assets | 21 | €4,917,057 | €4,012,371 | -€904,686 | -18.4% |
| Tangible fixed assets | 22/27 | €28,536,060 | €26,203,180 | -€2.3m | -8.2% |
| Land and buildings | 22 | €494,826 | €505,883 | +€11,057 | +2.2% |
| Plant, machinery and equipment | 23 | €13,575,090 | €11,666,484 | -€1.9m | -14.1% |
| Furniture and vehicles | 24 | €134,226 | €116,556 | -€17,671 | -13.2% |
| Leasing and similar rights | 25 | €11,229,223 | €11,146,995 | -€82,228 | -0.7% |
| Other tangible fixed assets | 26 | €3,100,775 | €2,762,337 | -€338,439 | -10.9% |
| Assets under construction and advance payments | 27 | €1,920 | €4,925 | +€3,005 | +156% |
| Financial fixed assets | 28 | €21,486 | €56,533 | +€35,047 | +163% |
| Other financial fixed assets | 284/8 | €21,486 | €56,533 | +€35,047 | +163% |
| Amounts receivable and cash guarantees | 285/8 | €21,486 | €56,533 | +€35,047 | +163% |
| Current assets | 29/58 | €7,668,936 | €7,781,315 | +€112,379 | +1.5% |
| Stocks and contracts in progress | 3 | €557,391 | €621,558 | +€64,167 | +11.5% |
| Stocks | 30/36 | €557,391 | €621,558 | +€64,167 | +11.5% |
| Raw materials and consumables | 30/31 | €347,083 | €434,923 | +€87,840 | +25.3% |
| Goods purchased for resale | 34 | €210,308 | €186,635 | -€23,673 | -11.3% |
| Amounts receivable within one year | 40/41 | €6,783,507 | €6,859,186 | +€75,679 | +1.1% |
| Trade receivables | 40 | €6,779,708 | €5,939,628 | -€840,080 | -12.4% |
| Other amounts receivable | 41 | €3,798 | €919,557 | +€915,759 | +24,111% |
| Cash at bank and in hand | 54/58 | €235,744 | €280,388 | +€44,645 | +18.9% |
| Deferred charges and accrued income | 490/1 | €92,294 | €20,183 | -€72,112 | -78.1% |
| Total equity and liabilities | 10/49 | €41,143,539 | €38,053,399 | -€3.1m | -7.5% |
| Equity | 10/15 | -€7,765,160 | -€8,372,396 | -€607,236 | -7.8% |
| Contributions | 10/11 | €1,542,846 | €1,542,846 | = | 0.0% |
| Capital | 10 | €204,000 | €204,000 | = | 0.0% |
| Issued capital | 100 | €204,000 | €204,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,338,846 | €1,338,846 | = | 0.0% |
| Share premium | 1100/10 | €1,338,846 | €1,338,846 | = | 0.0% |
| Reserves | 13 | €581,707 | €581,707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,400 | €20,400 | = | 0.0% |
| Legal reserve | 130 | €20,400 | €20,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €505,057 | €505,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,889,713 | -€10,496,949 | -€607,236 | -6.1% |
| Provisions and deferred taxes | 16 | - | €106,933 | +€106,933 | |
| Provisions for liabilities and charges | 160/5 | - | €106,933 | +€106,933 | |
| Other liabilities and charges | 164/5 | - | €106,933 | +€106,933 | |
| Amounts payable | 17/49 | €48,908,699 | €46,318,863 | -€2.6m | -5.3% |
| Amounts payable after more than one year | 17 | €14,885,857 | €32,823,649 | +€17.9m | +121% |
| Financial debts | 170/4 | €7,985,857 | €7,123,649 | -€862,208 | -10.8% |
| Leasing and similar obligations | 172 | €7,985,857 | €7,123,649 | -€862,208 | -10.8% |
| Other amounts payable | 178/9 | €6,900,000 | €25,700,000 | +€18.8m | +272% |
| Amounts payable within one year | 42/48 | €34,021,843 | €13,495,213 | -€20.5m | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €4,053,728 | €5,879,229 | +€1.8m | +45.0% |
| Trade debts | 44 | €4,219,154 | €4,512,879 | +€293,725 | +7.0% |
| Suppliers | 440/4 | €4,219,154 | €4,512,879 | +€293,725 | +7.0% |
| Taxes, remuneration and social security | 45 | €1,423,575 | €1,967,237 | +€543,662 | +38.2% |
| Taxes | 450/3 | €324,494 | €1,161,968 | +€837,474 | +258% |
| Remuneration and social security | 454/9 | €1,099,082 | €805,269 | -€293,812 | -26.7% |
| Other amounts payable | 47/48 | €24,325,386 | €1,135,868 | -€23.2m | -95.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100% |
| Operating income | 70/76A | €36,800,630 | €30,689,863 | -€6.1m | -16.6% |
| Turnover | 70 | €33,476,458 | €28,993,378 | -€4.5m | -13.4% |
| Own construction capitalised | 72 | €520,928 | €226,289 | -€294,639 | -56.6% |
| Other operating income | 74 | €907,911 | €494,044 | -€413,867 | -45.6% |
| Non-recurring operating income | 76A | €1,895,333 | €976,152 | -€919,181 | -48.5% |
| Operating charges | 60/66A | €37,358,194 | €34,552,757 | -€2.8m | -7.5% |
| Goods for resale, raw materials and consumables | 60 | €6,542,319 | €5,782,848 | -€759,471 | -11.6% |
| Purchases | 600/8 | €6,530,935 | €5,820,122 | -€710,812 | -10.9% |
| Change in stocks: decrease (increase) | 609 | €11,384 | -€37,274 | -€48,659 | |
| Services and other goods | 61 | €13,721,734 | €12,563,482 | -€1.2m | -8.4% |
| Remuneration, social security and pensions | 62 | €9,202,593 | €8,651,107 | -€551,486 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,039,407 | €6,801,976 | -€237,431 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€188,106 | -€76,373 | +€111,733 | +59.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €106,933 | +€106,933 | |
| Other operating charges | 640/8 | €689,349 | €640,290 | -€49,059 | -7.1% |
| Non-recurring operating charges | 66A | €350,897 | €82,493 | -€268,404 | -76.5% |
| Operating profit (loss) | 9901 | -€557,564 | -€3,862,895 | -€3.3m | -593% |
| Financial income | 75/76B | €74,896 | €5,431,946 | +€5.4m | +7,153% |
| Recurring financial income | 75 | €74,896 | €31,946 | -€42,950 | -57.3% |
| Income from financial fixed assets | 750 | €175 | €0 | -€175 | -100% |
| Income from current assets | 751 | €68,807 | €31,078 | -€37,730 | -54.8% |
| Other financial income | 752/9 | €5,914 | €868 | -€5,045 | -85.3% |
| Non-recurring financial income | 76B | - | €5,400,000 | +€5.4m | |
| Financial charges | 65/66B | €2,215,953 | €2,142,909 | -€73,044 | -3.3% |
| Recurring financial charges | 65 | €2,215,953 | €2,142,909 | -€73,044 | -3.3% |
| Debt charges | 650 | €2,213,295 | €2,137,071 | -€76,224 | -3.4% |
| Other financial charges | 652/9 | €2,658 | €5,837 | +€3,180 | +120% |
| Profit (loss) for the period before taxes | 9903 | -€2,698,621 | -€573,858 | +€2.1m | +78.7% |
| Income taxes | 67/77 | €14,729 | €33,379 | +€18,650 | +127% |
| Taxes | 670/3 | €14,729 | €33,379 | +€18,650 | +127% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,713,350 | -€607,236 | +€2.1m | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,713,350 | -€607,236 | +€2.1m | +77.6% |
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 16 October 2026 via checked.be.