The Loo: 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.
The Loo
Largest movements
- Tangible fixed assets -€10,536
down €10,536 (-18.8%), from €56,130 to €45,595
- Cash -€9,729
down €9,729 (-95.3%), from €10,214 to €485
mainly Net result for the year (-€83,119) and Debts after one year (-€15,366)
- Receivables within one year +€9,029
up €9,029 (+7.1%), from €126,757 to €135,785
of which Trade receivables: +€31,361
- Profit (loss) carried forward -€83,119
new in 2024: -€83,119
- Other debts +€79,881
up €79,881 (+149.0%), from €53,601 to €133,482
- Debts after one year -€15,366
down €15,366 (-43.1%), from €35,621 to €20,256
- Trade debts +€15,081
up €15,081 (+72.1%), from €20,926 to €36,007
- Current portion of long-term debt -€13,742
down €13,742 (-45.7%), from €30,101 to €16,359
- Gross operating margin -€42,195
down €42,195, from €29,476 to -€12,718
- Staff costs +€26,995
up €26,995 (+100.3%), from €26,910 to €53,905
- Depreciation -€8,711
down €8,711 (-42.5%), from €20,497 to €11,786
- Other operating charges -€2,958
down €2,958 (-70.0%), from €4,225 to €1,267
- Financial income -€626
down €626 (-99.9%), from €627 to €1
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.
Cash bridge derived
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 | €193,948 | €181,865 | -€12,083 | -6.2% |
| Fixed assets | 21/28 | €56,130 | €45,595 | -€10,536 | -18.8% |
| Tangible fixed assets | 22/27 | €56,130 | €45,595 | -€10,536 | -18.8% |
| Plant, machinery and equipment | 23 | €24,102 | €19,309 | -€4,793 | -19.9% |
| Furniture and vehicles | 24 | €12,403 | €8,656 | -€3,747 | -30.2% |
| Other tangible fixed assets | 26 | €19,625 | €17,630 | -€1,995 | -10.2% |
| Current assets | 29/58 | €137,818 | €136,270 | -€1,547 | -1.1% |
| Amounts receivable within one year | 40/41 | €126,757 | €135,785 | +€9,029 | +7.1% |
| Trade receivables | 40 | €6,048 | €37,409 | +€31,361 | +518.5% |
| Other amounts receivable | 41 | €120,709 | €98,376 | -€22,332 | -18.5% |
| Cash at bank and in hand | 54/58 | €10,214 | €485 | -€9,729 | -95.3% |
| Deferred charges and accrued income | 490/1 | €847 | - | -€847 | |
| Total equity and liabilities | 10/49 | €193,948 | €181,865 | -€12,083 | -6.2% |
| Equity | 10/15 | €50,095 | -€33,024 | -€83,119 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,495 | €31,495 | = | 0.0% |
| Distributable reserves | 133 | €31,495 | €31,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€83,119 | -€83,119 | |
| Amounts payable | 17/49 | €143,853 | €214,889 | +€71,036 | +49.4% |
| Amounts payable after more than one year | 17 | €35,621 | €20,256 | -€15,366 | -43.1% |
| Financial debts | 170/4 | €35,621 | €20,256 | -€15,366 | -43.1% |
| Amounts payable within one year | 42/48 | €108,232 | €194,633 | +€86,402 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €30,101 | €16,359 | -€13,742 | -45.7% |
| Trade debts | 44 | €20,926 | €36,007 | +€15,081 | +72.1% |
| Suppliers | 440/4 | €20,926 | €36,007 | +€15,081 | +72.1% |
| Taxes, remuneration and social security | 45 | €3,603 | €8,785 | +€5,182 | +143.8% |
| Taxes | 450/3 | €327 | €2,136 | +€1,809 | +552.5% |
| Remuneration and social security | 454/9 | €3,276 | €6,649 | +€3,373 | +103.0% |
| Other amounts payable | 47/48 | €53,601 | €133,482 | +€79,881 | +149.0% |
| Remuneration, social security and pensions | 62 | €26,910 | €53,905 | +€26,995 | +100.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,497 | €11,786 | -€8,711 | -42.5% |
| Other operating charges | 640/8 | €4,225 | €1,267 | -€2,958 | -70.0% |
| Non-recurring operating charges | 66A | €103 | €853 | +€750 | +728.2% |
| Gross operating margin | 9900 | €29,476 | -€12,718 | -€42,195 | |
| Operating profit (loss) | 9901 | -€22,258 | -€80,528 | -€58,271 | -261.8% |
| Financial income | 75/76B | €627 | €1 | -€626 | -99.9% |
| Recurring financial income | 75 | €627 | €1 | -€626 | -99.9% |
| Financial charges | 65/66B | €2,466 | €2,110 | -€356 | -14.4% |
| Recurring financial charges | 65 | €2,466 | €2,110 | -€356 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,096 | -€82,638 | -€58,541 | -242.9% |
| Income taxes | 67/77 | €327 | €481 | +€154 | +47.0% |
| Profit (loss) for the period | 9904 | -€24,424 | -€83,119 | -€58,695 | -240.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,424 | -€83,119 | -€58,695 | -240.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.