Compagnie de Louvranges: what changed
What changed
Compagnie de Louvranges
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€243,352
2024 · -€547,652+€304,299
Equity
€721,052
2024 · €964,404-€243,352
Cash
€50,438
2024 · €245,970-€195,532
Balance sheet total
€8.8m
2024 · €6.7m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+40.8%), from €5.5m to €7.7m
of which Land and buildings: +€2.2m
- Cash -€195,532
down €195,532 (-79.5%), from €245,970 to €50,438
mainly Investment in fixed assets (net) (-€2.9m) and Net result for the year (-€243,352)
Equity and liabilities
- Debts after one year +€1.5m
up €1.5m (+45.1%), from €3.4m to €4.9m
of which Financial debts: +€1.5m
- Short-term financial debts +€830,000
new in 2025: €830,000
- Reserves -€181,365
down €181,365 (-4.0%), from €4.5m to €4.3m
of which Tax-exempt reserves: -€181,365
Income statement
- Depreciation -€227,886
down €227,886 (-25.2%), from €904,052 to €676,165
- Gross operating margin +€57,506
up €57,506 (+12.5%), from €459,022 to €516,528
- Taxes -€38,502
down €38,502, from €26,532 to -€11,969
- Financial charges +€15,009
up €15,009 (+12.9%), from €115,986 to €130,995
- Financial income -€6,272
down €6,272 (-16.1%), from €38,855 to €32,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€547,652
Gross operating margin
+€57,506
Staff costs
-€2,681
Depreciation
+€227,886
Other operating charges
-€3,599
Financial income
-€6,272
Financial charges
-€15,009
Taxes
+€38,502
Deferred taxes and other
+€7,966
Result 2025
-€243,352
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€292,528
Investment
-€2.9m
Financing
+€2.4m
Cash 2024
€245,970
From operations (derived)
+€292,528
Net result for the year
-€243,352
Depreciation
+€676,165
Receivables within one year
-€11,108
Smaller working-capital items
+€4,371
Provisions
-€71,549
Other debts
-€83,248
Accrued charges and deferred income
+€21,249
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€2.4m
Debts after one year
+€1.5m
Current portion of long-term debt
+€60,940
Short-term financial debts
+€830,000
Cash 2025
€50,438
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,730,257 | €8,767,844 | +€2.0m | +30.3% |
| Fixed assets | 21/28 | €5,465,486 | €7,694,576 | +€2.2m | +40.8% |
| Tangible fixed assets | 22/27 | €5,465,486 | €7,694,576 | +€2.2m | +40.8% |
| Land and buildings | 22 | €5,404,721 | €7,647,845 | +€2.2m | +41.5% |
| Furniture and vehicles | 24 | €58,364 | €44,331 | -€14,033 | -24.0% |
| Other tangible fixed assets | 26 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €1,264,771 | €1,073,268 | -€191,504 | -15.1% |
| Stocks and contracts in progress | 3 | €10,173 | €10,173 | = | 0.0% |
| Stocks | 30/36 | €10,173 | €10,173 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,001,549 | €1,012,657 | +€11,108 | +1.1% |
| Other amounts receivable | 41 | €1,001,549 | €1,012,657 | +€11,108 | +1.1% |
| Cash at bank and in hand | 54/58 | €245,970 | €50,438 | -€195,532 | -79.5% |
| Deferred charges and accrued income | 490/1 | €7,080 | - | -€7,080 | |
| Total equity and liabilities | 10/49 | €6,730,257 | €8,767,844 | +€2.0m | +30.3% |
| Equity | 10/15 | €964,404 | €721,052 | -€243,352 | -25.2% |
| Contributions | 10/11 | €1,372,000 | €1,372,000 | = | 0.0% |
| Capital | 10 | €1,372,000 | €1,372,000 | = | 0.0% |
| Issued capital | 100 | €1,372,000 | €1,372,000 | = | 0.0% |
| Reserves | 13 | €4,512,517 | €4,331,152 | -€181,365 | -4.0% |
| Non-distributable reserves | 130/1 | €88,485 | €88,485 | = | 0.0% |
| Legal reserve | 130 | €88,485 | €88,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,112,964 | €3,931,599 | -€181,365 | -4.4% |
| Distributable reserves | 133 | €311,068 | €311,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,920,113 | -€4,982,100 | -€61,987 | -1.3% |
| Provisions and deferred taxes | 16 | €1,640,469 | €1,568,920 | -€71,549 | -4.4% |
| Deferred taxes | 168 | €1,640,469 | €1,568,920 | -€71,549 | -4.4% |
| Amounts payable | 17/49 | €4,125,384 | €6,477,872 | +€2.4m | +57.0% |
| Amounts payable after more than one year | 17 | €3,386,757 | €4,913,012 | +€1.5m | +45.1% |
| Financial debts | 170/4 | €3,377,691 | €4,903,946 | +€1.5m | +45.2% |
| Other amounts payable | 178/9 | €9,066 | €9,066 | = | 0.0% |
| Amounts payable within one year | 42/48 | €711,840 | €1,516,823 | +€804,983 | +113% |
| Current portion of amounts payable after more than one year | 42 | €227,805 | €288,744 | +€60,940 | +26.8% |
| Financial debts | 43 | - | €830,000 | +€830,000 | |
| Credit institutions | 430/8 | - | €830,000 | +€830,000 | |
| Trade debts | 44 | €12,547 | €9,791 | -€2,756 | -22.0% |
| Suppliers | 440/4 | €12,547 | €9,791 | -€2,756 | -22.0% |
| Taxes, remuneration and social security | 45 | €1,330 | €1,377 | +€48 | +3.6% |
| Remuneration and social security | 454/9 | €1,330 | €1,377 | +€48 | +3.6% |
| Other amounts payable | 47/48 | €470,158 | €386,910 | -€83,248 | -17.7% |
| Accrued charges and deferred income | 492/3 | €26,788 | €48,037 | +€21,249 | +79.3% |
| Remuneration, social security and pensions | 62 | €12,710 | €15,391 | +€2,681 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904,052 | €676,165 | -€227,886 | -25.2% |
| Other operating charges | 640/8 | €49,832 | €53,431 | +€3,599 | +7.2% |
| Gross operating margin | 9900 | €459,022 | €516,528 | +€57,506 | +12.5% |
| Operating profit (loss) | 9901 | -€507,571 | -€228,459 | +€279,112 | +55.0% |
| Financial income | 75/76B | €38,855 | €32,583 | -€6,272 | -16.1% |
| Recurring financial income | 75 | €38,855 | €32,583 | -€6,272 | -16.1% |
| Financial charges | 65/66B | €115,986 | €130,995 | +€15,009 | +12.9% |
| Recurring financial charges | 65 | €115,986 | €130,995 | +€15,009 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€584,702 | -€326,870 | +€257,832 | +44.1% |
| Transfer from deferred taxes | 780 | €63,583 | €71,549 | +€7,966 | +12.5% |
| Income taxes | 67/77 | €26,532 | -€11,969 | -€38,502 | |
| Profit (loss) for the period | 9904 | -€547,652 | -€243,352 | +€304,299 | +55.6% |
| Transfer from tax-exempt reserves | 789 | €157,469 | €181,365 | +€23,896 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€390,183 | -€61,987 | +€328,196 | +84.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.