LOYD: what changed
Two fiscal 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
LOYD
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,288
2024 · €566+€3,722
Equity
€537,164
2024 · €532,875+€4,288
Cash
€160,716
2024 · €208,923-€48,208
Balance sheet total
€5.1m
2024 · €12.3m-€7.2m
Largest movements
Assets
- Stocks and contracts -€7.5m
down €7.5m (-78.7%), from €9.6m to €2.0m
- Receivables after one year +€290,893
up €290,893 (+161.1%), from €180,513 to €471,405
Equity and liabilities
- Advances received -€8.5m
down €8.5m (-100.0%), from €8.5m to €0
- Debts after one year +€1.8m
up €1.8m (+457.8%), from €390,814 to €2.2m
- Other debts -€1.5m
down €1.5m (-81.0%), from €1.8m to €347,262
- Trade debts +€553,040
up €553,040 (+62.1%), from €890,555 to €1.4m
- Short-term financial debts +€263,380
up €263,380, from €0 to €263,380
Income statement
- Gross operating margin -€46,977
down €46,977 (-11.9%), from €396,280 to €349,303
- Depreciation -€25,550
down €25,550 (-25.0%), from €102,370 to €76,820
- Other operating charges -€14,026
down €14,026 (-46.9%), from €29,906 to €15,880
- Staff costs -€11,159
down €11,159 (-5.5%), from €202,907 to €191,748
- Financial charges +€5,088
up €5,088 (+7.4%), from €68,726 to €73,813
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
€566
Gross operating margin
-€46,977
Staff costs
+€11,159
Depreciation
+€25,550
Other operating charges
+€14,026
Financial income
+€118
Financial charges
-€5,088
Taxes
+€4,934
Result 2025
€4,288
Cash bridge derived
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
-€2.0m
Investment
-€60,666
Financing
+€2.1m
Cash 2024
€208,923
From operations (derived)
-€2.0m
Net result for the year
+€4,288
Depreciation
+€76,820
Receivables after one year
-€290,893
Stocks and contracts
+€7.5m
Receivables within one year
-€80,503
Deferred charges and accrued income
+€351
Trade debts
+€553,040
Tax, wage and social debts
+€49,026
Advances received
-€8.5m
Other debts
-€1.5m
Accrued charges and deferred income
+€79,181
Investment (derived)
-€60,666
Investment in fixed assets (net)
-€60,666
Financing
+€2.1m
Debts after one year
+€1.8m
Current portion of long-term debt
+€4,526
Short-term financial debts
+€263,380
Cash 2025
€160,716
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,297,448 | €5,078,254 | -€7.2m | -58.7% |
| Fixed assets | 21/28 | €1,023,101 | €1,006,947 | -€16,154 | -1.6% |
| Intangible fixed assets | 21 | €5,585 | €3,167 | -€2,419 | -43.3% |
| Tangible fixed assets | 22/27 | €1,007,016 | €993,281 | -€13,735 | -1.4% |
| Land and buildings | 22 | €946,793 | €904,528 | -€42,265 | -4.5% |
| Plant, machinery and equipment | 23 | €4,972 | €3,492 | -€1,480 | -29.8% |
| Furniture and vehicles | 24 | €29,512 | €23,989 | -€5,523 | -18.7% |
| Leasing and similar rights | 25 | €25,739 | €61,272 | +€35,533 | +138.1% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €11,274,346 | €4,071,307 | -€7.2m | -63.9% |
| Amounts receivable after more than one year | 29 | €180,513 | €471,405 | +€290,893 | +161.1% |
| Other amounts receivable | 291 | €180,513 | €471,405 | +€290,893 | +161.1% |
| Stocks and contracts in progress | 3 | €9,557,402 | €2,031,525 | -€7.5m | -78.7% |
| Stocks | 30/36 | €9,557,402 | €2,031,525 | -€7.5m | -78.7% |
| Amounts receivable within one year | 40/41 | €1,308,125 | €1,388,627 | +€80,503 | +6.2% |
| Trade receivables | 40 | €1,272,609 | €1,326,506 | +€53,897 | +4.2% |
| Other amounts receivable | 41 | €35,516 | €62,121 | +€26,605 | +74.9% |
| Cash at bank and in hand | 54/58 | €208,923 | €160,716 | -€48,208 | -23.1% |
| Deferred charges and accrued income | 490/1 | €19,384 | €19,033 | -€351 | -1.8% |
| Total equity and liabilities | 10/49 | €12,297,448 | €5,078,254 | -€7.2m | -58.7% |
| Equity | 10/15 | €532,875 | €537,164 | +€4,288 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €471,375 | €475,664 | +€4,288 | +0.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €465,225 | €469,514 | +€4,288 | +0.9% |
| Amounts payable | 17/49 | €11,764,572 | €4,541,091 | -€7.2m | -61.4% |
| Amounts payable after more than one year | 17 | €390,814 | €2,180,014 | +€1.8m | +457.8% |
| Financial debts | 170/4 | €390,814 | €2,180,014 | +€1.8m | +457.8% |
| Amounts payable within one year | 42/48 | €11,357,922 | €2,266,059 | -€9.1m | -80.0% |
| Current portion of amounts payable after more than one year | 42 | €66,554 | €71,080 | +€4,526 | +6.8% |
| Financial debts | 43 | €0 | €263,380 | +€263,380 | |
| Credit institutions | 430/8 | €0 | €263,380 | +€263,380 | |
| Trade debts | 44 | €890,555 | €1,443,595 | +€553,040 | +62.1% |
| Suppliers | 440/4 | €890,555 | €1,443,595 | +€553,040 | +62.1% |
| Advances received on contracts in progress | 46 | €8,478,186 | €0 | -€8.5m | -100.0% |
| Taxes, remuneration and social security | 45 | €91,717 | €140,743 | +€49,026 | +53.5% |
| Taxes | 450/3 | €60,826 | €112,600 | +€51,774 | +85.1% |
| Remuneration and social security | 454/9 | €30,891 | €28,143 | -€2,748 | -8.9% |
| Other amounts payable | 47/48 | €1,830,911 | €347,262 | -€1.5m | -81.0% |
| Accrued charges and deferred income | 492/3 | €15,837 | €95,018 | +€79,181 | +500.0% |
| Non-recurring operating income | 76A | €0 | €4,163 | +€4,163 | |
| Remuneration, social security and pensions | 62 | €202,907 | €191,748 | -€11,159 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,370 | €76,820 | -€25,550 | -25.0% |
| Other operating charges | 640/8 | €29,906 | €15,880 | -€14,026 | -46.9% |
| Gross operating margin | 9900 | €396,280 | €349,303 | -€46,977 | -11.9% |
| Operating profit (loss) | 9901 | €61,097 | €64,855 | +€3,758 | +6.2% |
| Financial income | 75/76B | €15,390 | €15,509 | +€118 | +0.8% |
| Recurring financial income | 75 | €15,390 | €15,509 | +€118 | +0.8% |
| Financial charges | 65/66B | €68,726 | €73,813 | +€5,088 | +7.4% |
| Recurring financial charges | 65 | €68,726 | €73,813 | +€5,088 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €7,762 | €6,550 | -€1,212 | -15.6% |
| Income taxes | 67/77 | €7,196 | €2,262 | -€4,934 | -68.6% |
| Profit (loss) for the period | 9904 | €566 | €4,288 | +€3,722 | +657.6% |
| Profit (loss) for the period to be appropriated | 9905 | €566 | €4,288 | +€3,722 | +657.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.