LOXHAY: 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.
LOXHAY
Largest movements
- Receivables within one year -€18,044
down €18,044 (-17.1%), from €105,795 to €87,751
of which Other amounts receivable: -€10,511
- Tangible fixed assets -€4,968
down €4,968 (-48.2%), from €10,303 to €5,335
of which Plant, machinery and equipment: -€4,780
- Deferred charges and accrued income -€2,394
down €2,394 (-68.3%), from €3,503 to €1,109
- Trade debts -€16,995
down €16,995 (-72.3%), from €23,509 to €6,514
- Profit (loss) carried forward +€12,104
up €12,104 (+22.3%), from €54,359 to €66,463
- Other debts -€10,500
no longer reported in 2024 (was €10,500)
- Debts after one year -€10,276
down €10,276 (-65.8%), from €15,612 to €5,337
- Gross operating margin +€20,240
up €20,240 (+604%), from €3,352 to €23,592
- Taxes +€4,733
up €4,733 (+1,041%), from €455 to €5,188
- Financial charges -€3,186
down €3,186 (-67.2%), from €4,739 to €1,553
- Other operating charges -€2,025
down €2,025 (-50.2%), from €4,037 to €2,011
- Depreciation -€927
down €927 (-18.2%), from €5,102 to €4,175
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,523 | €102,637 | -€25,885 | -20.1% |
| Fixed assets | 21/28 | €10,524 | €5,556 | -€4,968 | -47.2% |
| Tangible fixed assets | 22/27 | €10,303 | €5,335 | -€4,968 | -48.2% |
| Plant, machinery and equipment | 23 | €8,840 | €4,060 | -€4,780 | -54.1% |
| Furniture and vehicles | 24 | €1,463 | €1,275 | -€188 | -12.9% |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €117,998 | €97,081 | -€20,917 | -17.7% |
| Amounts receivable within one year | 40/41 | €105,795 | €87,751 | -€18,044 | -17.1% |
| Trade receivables | 40 | €42,953 | €35,421 | -€7,533 | -17.5% |
| Other amounts receivable | 41 | €62,842 | €52,331 | -€10,511 | -16.7% |
| Cash at bank and in hand | 54/58 | €8,700 | €8,221 | -€479 | -5.5% |
| Deferred charges and accrued income | 490/1 | €3,503 | €1,109 | -€2,394 | -68.3% |
| Total equity and liabilities | 10/49 | €128,523 | €102,637 | -€25,885 | -20.1% |
| Equity | 10/15 | €62,419 | €74,523 | +€12,104 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,359 | €66,463 | +€12,104 | +22.3% |
| Amounts payable | 17/49 | €66,104 | €28,115 | -€37,989 | -57.5% |
| Amounts payable after more than one year | 17 | €15,612 | €5,337 | -€10,276 | -65.8% |
| Financial debts | 170/4 | €15,612 | €5,337 | -€10,276 | -65.8% |
| Amounts payable within one year | 42/48 | €50,492 | €22,778 | -€27,714 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €10,573 | €10,276 | -€297 | -2.8% |
| Trade debts | 44 | €23,509 | €6,514 | -€16,995 | -72.3% |
| Suppliers | 440/4 | €23,509 | €6,514 | -€16,995 | -72.3% |
| Taxes, remuneration and social security | 45 | €5,909 | €5,988 | +€79 | +1.3% |
| Taxes | 450/3 | €5,909 | €5,988 | +€79 | +1.3% |
| Other amounts payable | 47/48 | €10,500 | - | -€10,500 | |
| Non-recurring operating income | 76A | - | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €4,175 | -€927 | -18.2% |
| Other operating charges | 640/8 | €4,037 | €2,011 | -€2,025 | -50.2% |
| Non-recurring operating charges | 66A | €7,188 | €1,960 | -€5,228 | -72.7% |
| Gross operating margin | 9900 | €3,352 | €23,592 | +€20,240 | +604% |
| Operating profit (loss) | 9901 | -€12,975 | €15,446 | +€28,420 | |
| Financial income | 75/76B | €2,923 | €3,399 | +€476 | +16.3% |
| Recurring financial income | 75 | €2,923 | €3,399 | +€476 | +16.3% |
| Financial charges | 65/66B | €4,739 | €1,553 | -€3,186 | -67.2% |
| Recurring financial charges | 65 | €4,739 | €1,553 | -€3,186 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,790 | €17,292 | +€32,082 | |
| Income taxes | 67/77 | €455 | €5,188 | +€4,733 | +1,041% |
| Profit (loss) for the period | 9904 | -€15,245 | €12,104 | +€27,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,245 | €12,104 | +€27,349 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.