F. LOUF: what changed
F. LOUF
Largest movements
- Cash +€12,341
up €12,341 (+15.0%), from €82,504 to €94,845
mainly Depreciation (+€10,555) and Receivables within one year (+€9,724)
- Tangible fixed assets -€10,555
down €10,555 (-6.2%), from €169,084 to €158,529
of which Land and buildings: -€9,838
- Receivables within one year -€9,724
down €9,724 (-86.2%), from €11,279 to €1,555
of which Trade receivables: -€10,528
- Reserves +€6,553
up €6,553 (+2.5%), from €260,858 to €267,411
- Other debts -€5,949
down €5,949 (-12.2%), from €48,649 to €42,699
- Tax, wage and social debts -€5,650
down €5,650 (-74.8%), from €7,551 to €1,901
- Gross operating margin -€13,984
down €13,984 (-40.0%), from €34,970 to €20,986
- Taxes -€3,246
down €3,246 (-53.8%), from €6,033 to €2,787
- Other operating charges -€1,821
down €1,821 (-71.8%), from €2,536 to €716
- Financial charges -€1,352
down €1,352 (-33.7%), from €4,016 to €2,663
- Financial income +€883
up €883 (+62.9%), from €1,404 to €2,287
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,564 | €328,104 | -€6,460 | -1.9% |
| Fixed assets | 21/28 | €169,334 | €158,779 | -€10,555 | -6.2% |
| Tangible fixed assets | 22/27 | €169,084 | €158,529 | -€10,555 | -6.2% |
| Land and buildings | 22 | €167,704 | €157,866 | -€9,838 | -5.9% |
| Plant, machinery and equipment | 23 | €1,326 | €663 | -€663 | -50.0% |
| Furniture and vehicles | 24 | €53 | €0 | -€53 | -100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €165,231 | €169,325 | +€4,095 | +2.5% |
| Amounts receivable within one year | 40/41 | €11,279 | €1,555 | -€9,724 | -86.2% |
| Trade receivables | 40 | €10,528 | €0 | -€10,528 | -100% |
| Other amounts receivable | 41 | €751 | €1,555 | +€804 | +107% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,504 | €94,845 | +€12,341 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,448 | €2,926 | +€1,478 | +102% |
| Total equity and liabilities | 10/49 | €334,564 | €328,104 | -€6,460 | -1.9% |
| Equity | 10/15 | €275,117 | €281,670 | +€6,553 | +2.4% |
| Contributions | 10/11 | €14,259 | €14,259 | = | 0.0% |
| Reserves | 13 | €260,858 | €267,411 | +€6,553 | +2.5% |
| Distributable reserves | 133 | €260,858 | €267,411 | +€6,553 | +2.5% |
| Amounts payable | 17/49 | €59,447 | €46,434 | -€13,013 | -21.9% |
| Amounts payable within one year | 42/48 | €56,263 | €44,600 | -€11,663 | -20.7% |
| Trade debts | 44 | €64 | €0 | -€64 | -100% |
| Suppliers | 440/4 | €64 | €0 | -€64 | -100% |
| Taxes, remuneration and social security | 45 | €7,551 | €1,901 | -€5,650 | -74.8% |
| Taxes | 450/3 | €7,551 | €1,901 | -€5,650 | -74.8% |
| Other amounts payable | 47/48 | €48,649 | €42,699 | -€5,949 | -12.2% |
| Accrued charges and deferred income | 492/3 | €3,185 | €1,834 | -€1,350 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,167 | €10,555 | +€387 | +3.8% |
| Other operating charges | 640/8 | €2,536 | €716 | -€1,821 | -71.8% |
| Gross operating margin | 9900 | €34,970 | €20,986 | -€13,984 | -40.0% |
| Operating profit (loss) | 9901 | €22,266 | €9,716 | -€12,551 | -56.4% |
| Financial income | 75/76B | €1,404 | €2,287 | +€883 | +62.9% |
| Recurring financial income | 75 | €1,404 | €2,287 | +€883 | +62.9% |
| Financial charges | 65/66B | €4,016 | €2,663 | -€1,352 | -33.7% |
| Recurring financial charges | 65 | €4,016 | €2,663 | -€1,352 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €19,655 | €9,340 | -€10,315 | -52.5% |
| Income taxes | 67/77 | €6,033 | €2,787 | -€3,246 | -53.8% |
| Profit (loss) for the period | 9904 | €13,622 | €6,553 | -€7,069 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,622 | €6,553 | -€7,069 | -51.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.