MACHINES LOEWENSTEIN: 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.
MACHINES LOEWENSTEIN
Largest movements
- Cash +€78,529
up €78,529 (+16.4%), from €477,763 to €556,292
mainly Depreciation (+€25,434) and Net result for the year (+€23,918)
- Tangible fixed assets -€24,387
down €24,387 (-19.8%), from €123,463 to €99,076
of which Furniture and vehicles: -€13,109
- Stocks and contracts -€21,900
down €21,900 (-13.4%), from €164,025 to €142,125
- Reserves +€23,918
up €23,918 (+3.9%), from €609,954 to €633,872
of which Distributable reserves: +€564,405
- Trade debts +€12,773
up €12,773 (+107%), from €11,981 to €24,755
- Tax, wage and social debts -€11,798
down €11,798 (-55.4%), from €21,283 to €9,485
of which Taxes: -€9,026
- Staff costs -€42,656
down €42,656 (-45.5%), from €93,769 to €51,114
- Gross operating margin -€36,443
down €36,443 (-23.7%), from €153,649 to €117,206
- Taxes +€5,928
up €5,928 (+121%), from €4,915 to €10,842
- Financial income +€1,920
up €1,920 (+106%), from €1,813 to €3,734
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 | €824,143 | €848,385 | +€24,241 | +2.9% |
| Fixed assets | 21/28 | €123,463 | €99,076 | -€24,387 | -19.8% |
| Tangible fixed assets | 22/27 | €123,463 | €99,076 | -€24,387 | -19.8% |
| Land and buildings | 22 | €55,060 | €47,133 | -€7,928 | -14.4% |
| Plant, machinery and equipment | 23 | €26,788 | €23,437 | -€3,351 | -12.5% |
| Furniture and vehicles | 24 | €41,616 | €28,507 | -€13,109 | -31.5% |
| Current assets | 29/58 | €700,680 | €749,309 | +€48,629 | +6.9% |
| Stocks and contracts in progress | 3 | €164,025 | €142,125 | -€21,900 | -13.4% |
| Stocks | 30/36 | €164,025 | €142,125 | -€21,900 | -13.4% |
| Amounts receivable within one year | 40/41 | €48,306 | €40,153 | -€8,153 | -16.9% |
| Trade receivables | 40 | €35,636 | €26,547 | -€9,089 | -25.5% |
| Other amounts receivable | 41 | €12,670 | €13,606 | +€936 | +7.4% |
| Cash at bank and in hand | 54/58 | €477,763 | €556,292 | +€78,529 | +16.4% |
| Deferred charges and accrued income | 490/1 | €10,586 | €10,738 | +€152 | +1.4% |
| Total equity and liabilities | 10/49 | €824,143 | €848,385 | +€24,241 | +2.9% |
| Equity | 10/15 | €790,879 | €814,146 | +€23,266 | +2.9% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €609,954 | €633,872 | +€23,918 | +3.9% |
| Non-distributable reserves | 130/1 | €567,875 | €3,471 | -€564,405 | -99.4% |
| Reserves not available under the articles | 1311 | €3,471 | €3,471 | = | 0.0% |
| Other | 1319 | €564,405 | - | -€564,405 | |
| Tax-exempt reserves | 132 | €42,079 | €65,997 | +€23,918 | +56.8% |
| Distributable reserves | 133 | - | €564,405 | +€564,405 | |
| Profit (loss) carried forward | 14 | €144,866 | €144,866 | +€0 | 0.0% |
| Investment grants | 15 | €1,354 | €702 | -€652 | -48.2% |
| Amounts payable | 17/49 | €33,264 | €34,239 | +€975 | +2.9% |
| Amounts payable within one year | 42/48 | €33,264 | €34,239 | +€975 | +2.9% |
| Trade debts | 44 | €11,981 | €24,755 | +€12,773 | +107% |
| Suppliers | 440/4 | €11,981 | €24,755 | +€12,773 | +107% |
| Taxes, remuneration and social security | 45 | €21,283 | €9,485 | -€11,798 | -55.4% |
| Taxes | 450/3 | €14,829 | €5,803 | -€9,026 | -60.9% |
| Remuneration and social security | 454/9 | €6,454 | €3,682 | -€2,772 | -43.0% |
| Remuneration, social security and pensions | 62 | €93,769 | €51,114 | -€42,656 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,552 | €25,434 | -€1,118 | -4.2% |
| Other operating charges | 640/8 | €9,650 | €8,695 | -€955 | -9.9% |
| Gross operating margin | 9900 | €153,649 | €117,206 | -€36,443 | -23.7% |
| Operating profit (loss) | 9901 | €23,678 | €31,963 | +€8,285 | +35.0% |
| Financial income | 75/76B | €1,813 | €3,734 | +€1,920 | +106% |
| Recurring financial income | 75 | €1,813 | €3,734 | +€1,920 | +106% |
| Financial charges | 65/66B | €1,387 | €936 | -€451 | -32.5% |
| Recurring financial charges | 65 | €1,387 | €936 | -€451 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €24,104 | €34,761 | +€10,657 | +44.2% |
| Income taxes | 67/77 | €4,915 | €10,842 | +€5,928 | +121% |
| Profit (loss) for the period | 9904 | €19,189 | €23,918 | +€4,729 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,189 | €23,918 | +€4,729 | +24.6% |
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 28 October 2026 via checked.be.