Timo Lootens: 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.
Timo Lootens
Largest movements
- Receivables within one year +€54,071
up €54,071 (+7.1%), from €762,184 to €816,255
of which Other amounts receivable: +€162,997
- Short-term financial debts -€248,333
down €248,333 (-100.0%), from €248,335 to €2
of which Other loans: -€248,335
- Other debts +€151,341
up €151,341 (+67.2%), from €225,073 to €376,414
- Tax, wage and social debts +€84,486
up €84,486 (+72.7%), from €116,174 to €200,660
of which Taxes: +€84,486
- Reserves +€83,993
up €83,993 (+111%), from €75,967 to €159,960
of which Distributable reserves: +€83,993
- Profit (loss) carried forward -€28,809
down €28,809 (-100%), from €28,809 to €0
- Gross operating margin +€250,219
up €250,219 (+825%), from €30,333 to €280,552
- Taxes +€143,029
up €143,029, from €0 to €143,029
- Write-downs +€50,000
new in 2025: €50,000
- Financial charges -€18,425
down €18,425 (-63.8%), from €28,895 to €10,470
- Financial income +€17,023
up €17,023 (+129%), from €13,215 to €30,238
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 | €777,288 | €833,521 | +€56,233 | +7.2% |
| Fixed assets | 21/28 | €1,292 | €100 | -€1,192 | -92.3% |
| Tangible fixed assets | 22/27 | €1,192 | €0 | -€1,192 | -100% |
| Plant, machinery and equipment | 23 | €489 | €0 | -€489 | -100% |
| Furniture and vehicles | 24 | €703 | €0 | -€703 | -100% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €775,996 | €833,421 | +€57,425 | +7.4% |
| Amounts receivable after more than one year | 29 | €0 | €6,200 | +€6,200 | |
| Other amounts receivable | 291 | €0 | €6,200 | +€6,200 | |
| Amounts receivable within one year | 40/41 | €762,184 | €816,255 | +€54,071 | +7.1% |
| Trade receivables | 40 | €410,670 | €301,744 | -€108,926 | -26.5% |
| Other amounts receivable | 41 | €351,514 | €514,511 | +€162,997 | +46.4% |
| Cash at bank and in hand | 54/58 | €597 | €434 | -€163 | -27.3% |
| Deferred charges and accrued income | 490/1 | €13,215 | €10,532 | -€2,683 | -20.3% |
| Total equity and liabilities | 10/49 | €777,288 | €833,521 | +€56,233 | +7.2% |
| Equity | 10/15 | €117,176 | €178,560 | +€61,384 | +52.4% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €75,967 | €159,960 | +€83,993 | +111% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,107 | €158,100 | +€83,993 | +113% |
| Profit (loss) carried forward | 14 | €28,809 | €0 | -€28,809 | -100% |
| Amounts payable | 17/49 | €660,112 | €654,961 | -€5,151 | -0.8% |
| Amounts payable within one year | 42/48 | €660,112 | €654,961 | -€5,151 | -0.8% |
| Financial debts | 43 | €248,335 | €2 | -€248,333 | -100.0% |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Other loans | 439 | €248,335 | €0 | -€248,335 | -100% |
| Trade debts | 44 | €70,530 | €77,885 | +€7,354 | +10.4% |
| Suppliers | 440/4 | €70,530 | €77,885 | +€7,354 | +10.4% |
| Taxes, remuneration and social security | 45 | €116,174 | €200,660 | +€84,486 | +72.7% |
| Taxes | 450/3 | €116,174 | €200,660 | +€84,486 | +72.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €225,073 | €376,414 | +€151,341 | +67.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €201,137 | +€201,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,431 | €1,192 | -€239 | -16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €0 | €915 | +€915 | |
| Non-recurring operating charges | 66A | - | €50,000 | +€50,000 | |
| Gross operating margin | 9900 | €30,333 | €280,552 | +€250,219 | +825% |
| Operating profit (loss) | 9901 | €28,902 | €178,445 | +€149,543 | +517% |
| Financial income | 75/76B | €13,215 | €30,238 | +€17,023 | +129% |
| Recurring financial income | 75 | €13,215 | €30,238 | +€17,023 | +129% |
| Financial charges | 65/66B | €28,895 | €10,470 | -€18,425 | -63.8% |
| Recurring financial charges | 65 | €28,895 | €10,470 | -€18,425 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €13,221 | €198,213 | +€184,992 | +1,399% |
| Income taxes | 67/77 | €0 | €143,029 | +€143,029 | |
| Profit (loss) for the period | 9904 | €13,221 | €55,184 | +€41,963 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €13,221 | €55,184 | +€41,963 | +317% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.