CLOS LOUISE: 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.
CLOS LOUISE
Largest movements
- Tangible fixed assets -€100,934
down €100,934 (-10.6%), from €950,091 to €849,157
of which Land and buildings: -€86,178
- Debts after one year -€43,546
down €43,546 (-15.6%), from €278,942 to €235,396
- Tax, wage and social debts -€29,584
down €29,584 (-24.3%), from €121,799 to €92,215
- Profit (loss) carried forward -€19,069
down €19,069 (-3.6%), from €529,960 to €510,891
- Taxes +€70,787
new in 2025: €70,787
- Financial charges -€56,815
down €56,815 (-87.2%), from €65,179 to €8,364
of which Non-recurring financial charges: -€55,623
- Gross operating margin -€25,813
down €25,813 (-6.2%), from €419,256 to €393,443
- Depreciation -€14,231
down €14,231 (-12.4%), from €115,165 to €100,934
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 | €1,115,832 | €1,024,745 | -€91,086 | -8.2% |
| Fixed assets | 21/28 | €950,091 | €849,157 | -€100,934 | -10.6% |
| Tangible fixed assets | 22/27 | €950,091 | €849,157 | -€100,934 | -10.6% |
| Land and buildings | 22 | €885,976 | €799,798 | -€86,178 | -9.7% |
| Plant, machinery and equipment | 23 | €64,114 | €49,359 | -€14,756 | -23.0% |
| Current assets | 29/58 | €165,741 | €175,588 | +€9,848 | +5.9% |
| Cash at bank and in hand | 54/58 | €165,741 | €175,588 | +€9,848 | +5.9% |
| Total equity and liabilities | 10/49 | €1,115,832 | €1,024,745 | -€91,086 | -8.2% |
| Equity | 10/15 | €614,791 | €595,723 | -€19,069 | -3.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Contributions outside capital | 11 | €65,000 | €65,000 | = | 0.0% |
| Other | 1109/19 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €19,831 | €19,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €529,960 | €510,891 | -€19,069 | -3.6% |
| Amounts payable | 17/49 | €501,040 | €429,023 | -€72,018 | -14.4% |
| Amounts payable after more than one year | 17 | €278,942 | €235,396 | -€43,546 | -15.6% |
| Financial debts | 170/4 | €278,942 | €235,396 | -€43,546 | -15.6% |
| Amounts payable within one year | 42/48 | €222,098 | €193,626 | -€28,472 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €93,039 | €94,151 | +€1,112 | +1.2% |
| Financial debts | 43 | €7,260 | €7,260 | = | 0.0% |
| Credit institutions | 430/8 | €7,260 | €7,260 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €121,799 | €92,215 | -€29,584 | -24.3% |
| Taxes | 450/3 | €121,799 | €92,215 | -€29,584 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,165 | €100,934 | -€14,231 | -12.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €419,256 | €393,443 | -€25,813 | -6.2% |
| Operating profit (loss) | 9901 | €303,124 | €291,511 | -€11,613 | -3.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €65,179 | €8,364 | -€56,815 | -87.2% |
| Recurring financial charges | 65 | €9,557 | €8,364 | -€1,192 | -12.5% |
| Non-recurring financial charges | 66B | €55,623 | - | -€55,623 | |
| Profit (loss) for the period before taxes | 9903 | €237,944 | €283,147 | +€45,202 | +19.0% |
| Income taxes | 67/77 | - | €70,787 | +€70,787 | |
| Profit (loss) for the period | 9904 | €237,944 | €212,360 | -€25,584 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €237,944 | €212,360 | -€25,584 | -10.8% |
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 26 October 2026 via checked.be.