LOXIAS: 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.
LOXIAS
Largest movements
- Current investments -€267,943
down €267,943 (-22.5%), from €1.2m to €922,666
- Tangible fixed assets +€250,386
up €250,386 (+30.9%), from €810,193 to €1.1m
of which Land and buildings: +€865,958
- Receivables within one year +€106,382
up €106,382 (+61.7%), from €172,456 to €278,838
of which Other amounts receivable: +€133,084
- Financial fixed assets -€100,000
down €100,000 (-8.9%), from €1.1m to €1.0m
- Cash -€37,895
down €37,895 (-45.5%), from €83,309 to €45,413
mainly Investment in fixed assets (net) (-€165,827) and Receivables within one year (-€106,382)
- Trade debts -€87,582
down €87,582 (-94.8%), from €92,384 to €4,802
- Other debts +€44,795
up €44,795 (+10.6%), from €424,390 to €469,185
- Accrued charges and deferred income -€37,901
down €37,901 (-54.6%), from €69,471 to €31,570
- Reserves +€35,560
up €35,560 (+1.3%), from €2.8m to €2.8m
- Gross operating margin -€112,170
down €112,170 (-71.2%), from €157,536 to €45,366
- Financial charges -€51,046
down €51,046 (-65.8%), from €77,615 to €26,569
- Financial income -€46,286
down €46,286 (-31.5%), from €146,827 to €100,542
- Other operating charges -€37,789
down €37,789 (-39.6%), from €95,454 to €57,665
- Taxes -€6,743
down €6,743 (-38.7%), from €17,406 to €10,663
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 | €3,389,954 | €3,342,033 | -€47,921 | -1.4% |
| Fixed assets | 21/28 | €1,930,193 | €2,080,579 | +€150,386 | +7.8% |
| Tangible fixed assets | 22/27 | €810,193 | €1,060,579 | +€250,386 | +30.9% |
| Land and buildings | 22 | €194,238 | €1,060,196 | +€865,958 | +446% |
| Furniture and vehicles | 24 | €8,255 | - | -€8,255 | |
| Other tangible fixed assets | 26 | €464 | €382 | -€82 | -17.6% |
| Assets under construction and advance payments | 27 | €607,235 | - | -€607,235 | |
| Financial fixed assets | 28 | €1,120,000 | €1,020,000 | -€100,000 | -8.9% |
| Current assets | 29/58 | €1,459,762 | €1,261,454 | -€198,307 | -13.6% |
| Amounts receivable within one year | 40/41 | €172,456 | €278,838 | +€106,382 | +61.7% |
| Trade receivables | 40 | €39,485 | €12,783 | -€26,702 | -67.6% |
| Other amounts receivable | 41 | €132,971 | €266,055 | +€133,084 | +100% |
| Current investments | 50/53 | €1,190,609 | €922,666 | -€267,943 | -22.5% |
| Cash at bank and in hand | 54/58 | €83,309 | €45,413 | -€37,895 | -45.5% |
| Deferred charges and accrued income | 490/1 | €13,388 | €14,537 | +€1,149 | +8.6% |
| Total equity and liabilities | 10/49 | €3,389,954 | €3,342,033 | -€47,921 | -1.4% |
| Equity | 10/15 | €2,792,521 | €2,828,090 | +€35,569 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,758,469 | €2,794,029 | +€35,560 | +1.3% |
| Distributable reserves | 133 | €2,758,469 | €2,794,029 | +€35,560 | +1.3% |
| Profit (loss) carried forward | 14 | €15,459 | €15,469 | +€9 | +0.1% |
| Amounts payable | 17/49 | €597,434 | €513,943 | -€83,491 | -14.0% |
| Amounts payable within one year | 42/48 | €527,963 | €482,373 | -€45,590 | -8.6% |
| Trade debts | 44 | €92,384 | €4,802 | -€87,582 | -94.8% |
| Suppliers | 440/4 | €92,384 | €4,802 | -€87,582 | -94.8% |
| Taxes, remuneration and social security | 45 | €11,188 | €8,385 | -€2,803 | -25.1% |
| Taxes | 450/3 | €9,188 | €6,385 | -€2,803 | -30.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €424,390 | €469,185 | +€44,795 | +10.6% |
| Accrued charges and deferred income | 492/3 | €69,471 | €31,570 | -€37,901 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,852 | €15,441 | +€6,589 | +74.4% |
| Other operating charges | 640/8 | €95,454 | €57,665 | -€37,789 | -39.6% |
| Gross operating margin | 9900 | €157,536 | €45,366 | -€112,170 | -71.2% |
| Operating profit (loss) | 9901 | €53,231 | -€27,740 | -€80,971 | |
| Financial income | 75/76B | €146,827 | €100,542 | -€46,286 | -31.5% |
| Recurring financial income | 75 | €146,827 | €100,542 | -€46,286 | -31.5% |
| Financial charges | 65/66B | €77,615 | €26,569 | -€51,046 | -65.8% |
| Recurring financial charges | 65 | €77,615 | €26,569 | -€51,046 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €122,443 | €46,232 | -€76,210 | -62.2% |
| Income taxes | 67/77 | €17,406 | €10,663 | -€6,743 | -38.7% |
| Profit (loss) for the period | 9904 | €105,037 | €35,569 | -€69,467 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,037 | €35,569 | -€69,467 | -66.1% |
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 20 October 2026 via checked.be.