LOYALITY: 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.
LOYALITY
Largest movements
- Cash -€35,811
down €35,811 (-44.3%), from €80,758 to €44,948
mainly Contributions, distributions and other (-€32,801) and Receivables within one year (-€18,414)
- Receivables within one year +€18,414
up €18,414 (+120%), from €15,335 to €33,749
of which Trade receivables: +€18,449
- Current investments +€9,906
up €9,906 (+2.1%), from €476,791 to €486,697
- Reserves +€15,448
up €15,448 (+3.1%), from €495,259 to €510,707
- Tax, wage and social debts -€9,776
down €9,776 (-50.0%), from €19,555 to €9,779
of which Taxes: -€10,244
- Other debts -€8,712
down €8,712 (-27.4%), from €31,822 to €23,110
- Trade debts -€7,056
down €7,056 (-54.4%), from €12,975 to €5,918
- Gross operating margin +€5,505
up €5,505 (+7.7%), from €71,634 to €77,140
- Financial income +€2,833
up €2,833 (+248%), from €1,143 to €3,976
- Depreciation +€2,395
up €2,395 (+4,475%), from €54 to €2,449
- Financial charges -€2,085
down €2,085 (-42.2%), from €4,941 to €2,856
of which Non-recurring financial charges: -€2,280
- Taxes +€1,967
up €1,967 (+7.8%), from €25,129 to €27,097
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 | €580,335 | €570,396 | -€9,939 | -1.7% |
| Fixed assets | 21/28 | €7,442 | €4,994 | -€2,449 | -32.9% |
| Tangible fixed assets | 22/27 | €7,292 | €4,844 | -€2,449 | -33.6% |
| Furniture and vehicles | 24 | €7,292 | €4,844 | -€2,449 | -33.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €572,893 | €565,402 | -€7,491 | -1.3% |
| Amounts receivable within one year | 40/41 | €15,335 | €33,749 | +€18,414 | +120% |
| Trade receivables | 40 | €15,300 | €33,749 | +€18,449 | +121% |
| Other amounts receivable | 41 | €35 | - | -€35 | |
| Current investments | 50/53 | €476,791 | €486,697 | +€9,906 | +2.1% |
| Cash at bank and in hand | 54/58 | €80,758 | €44,948 | -€35,811 | -44.3% |
| Deferred charges and accrued income | 490/1 | €9 | €9 | = | 0.0% |
| Total equity and liabilities | 10/49 | €580,335 | €570,396 | -€9,939 | -1.7% |
| Equity | 10/15 | €513,859 | €529,307 | +€15,448 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €495,259 | €510,707 | +€15,448 | +3.1% |
| Distributable reserves | 133 | €495,259 | €510,707 | +€15,448 | +3.1% |
| Amounts payable | 17/49 | €66,477 | €41,089 | -€25,388 | -38.2% |
| Amounts payable within one year | 42/48 | €64,351 | €38,807 | -€25,544 | -39.7% |
| Trade debts | 44 | €12,975 | €5,918 | -€7,056 | -54.4% |
| Suppliers | 440/4 | €12,975 | €5,918 | -€7,056 | -54.4% |
| Taxes, remuneration and social security | 45 | €19,555 | €9,779 | -€9,776 | -50.0% |
| Taxes | 450/3 | €19,555 | €9,311 | -€10,244 | -52.4% |
| Remuneration and social security | 454/9 | - | €468 | +€468 | |
| Other amounts payable | 47/48 | €31,822 | €23,110 | -€8,712 | -27.4% |
| Accrued charges and deferred income | 492/3 | €2,126 | €2,282 | +€157 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €2,449 | +€2,395 | +4,475% |
| Other operating charges | 640/8 | €583 | €465 | -€119 | -20.4% |
| Gross operating margin | 9900 | €71,634 | €77,140 | +€5,505 | +7.7% |
| Operating profit (loss) | 9901 | €70,997 | €74,226 | +€3,229 | +4.5% |
| Financial income | 75/76B | €1,143 | €3,976 | +€2,833 | +248% |
| Recurring financial income | 75 | €1,143 | €3,976 | +€2,833 | +248% |
| Financial charges | 65/66B | €4,941 | €2,856 | -€2,085 | -42.2% |
| Recurring financial charges | 65 | €2,661 | €2,856 | +€195 | +7.3% |
| Non-recurring financial charges | 66B | €2,280 | - | -€2,280 | |
| Profit (loss) for the period before taxes | 9903 | €67,199 | €75,346 | +€8,147 | +12.1% |
| Income taxes | 67/77 | €25,129 | €27,097 | +€1,967 | +7.8% |
| Profit (loss) for the period | 9904 | €42,070 | €48,249 | +€6,179 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,070 | €48,249 | +€6,179 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.