Constructions LOUIS: 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.
What changed
Constructions LOUIS
NACE 41.003, General construction of other non-residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€747,351
2024 · €1.0m-€290,324
Equity
€2.0m
2024 · €2.0m+€52,806
Cash
€1.6m
2024 · €2.0m-€452,821
Balance sheet total
€5.0m
2024 · €6.7m-€1.7m
Largest movements
Assets
- Current investments -€1.1m
down €1.1m (-51.2%), from €2.1m to €1.0m
- Cash -€452,821
down €452,821 (-22.4%), from €2.0m to €1.6m
mainly Other debts (-€1.3m) and Contributions, distributions and other (-€694,545)
- Receivables within one year +€177,351
up €177,351 (+18.8%), from €942,232 to €1.1m
of which Other amounts receivable: +€206,174
- Tangible fixed assets -€170,070
down €170,070 (-12.9%), from €1.3m to €1.2m
- Stocks and contracts -€153,280
down €153,280 (-77.0%), from €198,972 to €45,692
of which Contracts in progress: -€148,500
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-63.1%), from €2.0m to €754,820
- Tax, wage and social debts -€242,785
down €242,785 (-51.3%), from €473,209 to €230,425
of which Taxes: -€184,261
- Trade debts -€151,739
down €151,739 (-8.1%), from €1.9m to €1.7m
Income statement
- Turnover -€2.1m
down €2.1m (-15.8%), from €13.6m to €11.4m
- Goods and materials -€1.0m
down €1.0m (-12.7%), from €8.1m to €7.1m
of which Purchases: -€1.1m
- Write-downs -€680,316
down €680,316, from €530,316 to -€150,000
- Services and other goods -€373,786
down €373,786 (-16.2%), from €2.3m to €1.9m
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.
Result 2024
€1.0m
Turnover
-€2.1m
Other operating income
-€38,715
Goods and materials
+€1.0m
Services and other goods
+€373,786
Staff costs
+€46,068
Depreciation
-€47,535
Write-downs
+€680,316
Provisions
+€42,226
Other operating charges
+€7,057
Other operating items
-€266,938
Financial income
+€12,959
Financial charges
-€109,293
Taxes
+€115,979
Result 2025
€747,351
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€680,103
Investment
+€920,167
Financing
-€692,885
Cash 2024
€2.0m
From operations (derived)
-€680,103
Net result for the year
+€747,351
Depreciation
+€324,817
Stocks and contracts
+€153,280
Receivables within one year
-€177,351
Deferred charges and accrued income
+€1,049
Provisions
-€19,895
Trade debts
-€151,739
Tax, wage and social debts
-€242,785
Other debts
-€1.3m
Accrued charges and deferred income
-€23,610
Investment (derived)
+€920,167
Investment in fixed assets (net)
-€155,569
Current investments
+€1.1m
Financing
-€692,885
Debts after one year
+€1,660
Contributions, distributions and other
-€694,545
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,657,807 | €4,983,024 | -€1.7m | -25.2% |
| Fixed assets | 21/28 | €1,348,055 | €1,178,807 | -€169,248 | -12.6% |
| Intangible fixed assets | 21 | €6,589 | €4,991 | -€1,598 | -24.2% |
| Tangible fixed assets | 22/27 | €1,320,478 | €1,150,408 | -€170,070 | -12.9% |
| Land and buildings | 22 | €641,879 | €587,602 | -€54,277 | -8.5% |
| Plant, machinery and equipment | 23 | €362,200 | €311,235 | -€50,965 | -14.1% |
| Furniture and vehicles | 24 | €316,400 | €251,571 | -€64,828 | -20.5% |
| Financial fixed assets | 28 | €20,988 | €23,408 | +€2,420 | +11.5% |
| Other financial fixed assets | 284/8 | €20,988 | €23,408 | +€2,420 | +11.5% |
| Shares | 284 | €124 | €124 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,864 | €23,284 | +€2,420 | +11.6% |
| Current assets | 29/58 | €5,309,751 | €3,804,216 | -€1.5m | -28.4% |
| Stocks and contracts in progress | 3 | €198,972 | €45,692 | -€153,280 | -77.0% |
| Stocks | 30/36 | €50,472 | €45,692 | -€4,780 | -9.5% |
| Raw materials and consumables | 30/31 | €9,051 | €9,576 | +€525 | +5.8% |
| Goods purchased for resale | 34 | €41,421 | €36,116 | -€5,306 | -12.8% |
| Contracts in progress | 37 | €148,500 | - | -€148,500 | |
| Amounts receivable within one year | 40/41 | €942,232 | €1,119,584 | +€177,351 | +18.8% |
| Trade receivables | 40 | €815,724 | €786,902 | -€28,822 | -3.5% |
| Other amounts receivable | 41 | €126,508 | €332,682 | +€206,174 | +163% |
| Current investments | 50/53 | €2,100,199 | €1,024,462 | -€1.1m | -51.2% |
| Other investments | 51/53 | €2,100,199 | €1,024,462 | -€1.1m | -51.2% |
| Cash at bank and in hand | 54/58 | €2,025,522 | €1,572,702 | -€452,821 | -22.4% |
| Deferred charges and accrued income | 490/1 | €42,826 | €41,777 | -€1,049 | -2.4% |
| Total equity and liabilities | 10/49 | €6,657,807 | €4,983,024 | -€1.7m | -25.2% |
| Equity | 10/15 | €1,992,937 | €2,045,744 | +€52,806 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,894,952 | €1,893,302 | -€1,650 | -0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,752 | €67,102 | -€1,650 | -2.4% |
| Distributable reserves | 133 | €1,820,000 | €1,820,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,840 | €13,641 | -€1,199 | -8.1% |
| Investment grants | 15 | €21,146 | €76,801 | +€55,655 | +263% |
| Provisions and deferred taxes | 16 | €253,295 | €233,400 | -€19,895 | -7.9% |
| Provisions for liabilities and charges | 160/5 | €246,014 | €226,969 | -€19,045 | -7.7% |
| Other liabilities and charges | 164/5 | €246,014 | €226,969 | -€19,045 | -7.7% |
| Deferred taxes | 168 | €7,281 | €6,431 | -€850 | -11.7% |
| Amounts payable | 17/49 | €4,411,574 | €2,703,880 | -€1.7m | -38.7% |
| Amounts payable after more than one year | 17 | €4,260 | €5,920 | +€1,660 | +39.0% |
| Other amounts payable | 178/9 | €4,260 | €5,920 | +€1,660 | +39.0% |
| Amounts payable within one year | 42/48 | €4,381,756 | €2,696,011 | -€1.7m | -38.5% |
| Trade debts | 44 | €1,862,505 | €1,710,766 | -€151,739 | -8.1% |
| Suppliers | 440/4 | €1,862,505 | €1,710,766 | -€151,739 | -8.1% |
| Taxes, remuneration and social security | 45 | €473,209 | €230,425 | -€242,785 | -51.3% |
| Taxes | 450/3 | €347,578 | €163,317 | -€184,261 | -53.0% |
| Remuneration and social security | 454/9 | €125,632 | €67,108 | -€58,524 | -46.6% |
| Other amounts payable | 47/48 | €2,046,042 | €754,820 | -€1.3m | -63.1% |
| Accrued charges and deferred income | 492/3 | €25,558 | €1,949 | -€23,610 | -92.4% |
| Operating income | 70/76A | €13,822,721 | €11,377,569 | -€2.4m | -17.7% |
| Turnover | 70 | €13,572,097 | €11,432,719 | -€2.1m | -15.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €134,491 | -€148,500 | -€282,991 | |
| Own construction capitalised | 72 | - | €15,932 | +€15,932 | |
| Other operating income | 74 | €116,133 | €77,417 | -€38,715 | -33.3% |
| Operating charges | 60/66A | €12,262,409 | €10,127,226 | -€2.1m | -17.4% |
| Goods for resale, raw materials and consumables | 60 | €8,125,019 | €7,091,874 | -€1.0m | -12.7% |
| Purchases | 600/8 | €8,138,294 | €7,086,569 | -€1.1m | -12.9% |
| Change in stocks: decrease (increase) | 609 | -€13,276 | €5,306 | +€18,581 | |
| Services and other goods | 61 | €2,302,182 | €1,928,396 | -€373,786 | -16.2% |
| Remuneration, social security and pensions | 62 | €964,223 | €918,156 | -€46,068 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,281 | €324,817 | +€47,535 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €530,316 | -€150,000 | -€680,316 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,181 | -€19,045 | -€42,226 | |
| Other operating charges | 640/8 | €40,085 | €33,029 | -€7,057 | -17.6% |
| Non-recurring operating charges | 66A | €121 | - | -€121 | |
| Operating profit (loss) | 9901 | €1,560,311 | €1,250,343 | -€309,968 | -19.9% |
| Financial income | 75/76B | €46,936 | €59,895 | +€12,959 | +27.6% |
| Recurring financial income | 75 | €46,936 | €59,895 | +€12,959 | +27.6% |
| Income from financial fixed assets | 750 | €20,138 | €46,280 | +€26,142 | +130% |
| Other financial income | 752/9 | €26,798 | €13,615 | -€13,183 | -49.2% |
| Financial charges | 65/66B | €202,586 | €311,879 | +€109,293 | +53.9% |
| Recurring financial charges | 65 | €202,586 | €310,616 | +€108,031 | +53.3% |
| Other financial charges | 652/9 | €202,586 | €310,616 | +€108,031 | +53.3% |
| Non-recurring financial charges | 66B | - | €1,263 | +€1,263 | |
| Profit (loss) for the period before taxes | 9903 | €1,404,661 | €998,359 | -€406,302 | -28.9% |
| Transfer from deferred taxes | 780 | €850 | €850 | = | 0.0% |
| Income taxes | 67/77 | €367,836 | €251,858 | -€115,979 | -31.5% |
| Taxes | 670/3 | €367,836 | €251,858 | -€115,979 | -31.5% |
| Profit (loss) for the period | 9904 | €1,037,675 | €747,351 | -€290,324 | -28.0% |
| Transfer from tax-exempt reserves | 789 | €1,650 | €1,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,039,325 | €749,001 | -€290,324 | -27.9% |
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 13 October 2026 via checked.be.