LA FORGE LOUNA: 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.
LA FORGE LOUNA
Largest movements
- Tangible fixed assets -€11,342
down €11,342 (-5.9%), from €192,989 to €181,647
of which Land and buildings: -€8,366
- Receivables within one year +€10,163
new in 2025: €10,163
of which Trade receivables: +€9,872
- Stocks and contracts -€4,487
down €4,487 (-25.7%), from €17,461 to €12,973
- Cash +€2,250
up €2,250 (+113.5%), from €1,982 to €4,232
mainly Net result for the year (+€16,014) and Depreciation (+€11,342)
- Debts after one year -€21,015
down €21,015 (-21.8%), from €96,279 to €75,264
- Profit (loss) carried forward +€16,014
up €16,014 (+674.2%), from €2,375 to €18,390
- Trade debts -€7,918
down €7,918 (-82.3%), from €9,617 to €1,699
- Other debts +€6,119
up €6,119 (+15.5%), from €39,406 to €45,525
- Gross operating margin +€14,417
up €14,417 (+23.2%), from €62,130 to €76,546
- Staff costs -€9,102
down €9,102 (-20.6%), from €44,279 to €35,177
- Taxes +€1,865
up €1,865 (+1336.9%), from €140 to €2,005
- Financial charges -€1,425
down €1,425 (-12.9%), from €11,023 to €9,599
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.
Cash bridge derived
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 | €212,820 | €209,190 | -€3,630 | -1.7% |
| Fixed assets | 21/28 | €193,164 | €181,822 | -€11,342 | -5.9% |
| Tangible fixed assets | 22/27 | €192,989 | €181,647 | -€11,342 | -5.9% |
| Land and buildings | 22 | €177,400 | €169,034 | -€8,366 | -4.7% |
| Plant, machinery and equipment | 23 | €10,999 | €9,174 | -€1,825 | -16.6% |
| Furniture and vehicles | 24 | €768 | €225 | -€543 | -70.7% |
| Other tangible fixed assets | 26 | €3,822 | €3,215 | -€607 | -15.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €19,655 | €27,368 | +€7,712 | +39.2% |
| Stocks and contracts in progress | 3 | €17,461 | €12,973 | -€4,487 | -25.7% |
| Stocks | 30/36 | €17,461 | €12,973 | -€4,487 | -25.7% |
| Amounts receivable within one year | 40/41 | - | €10,163 | +€10,163 | |
| Trade receivables | 40 | - | €9,872 | +€9,872 | |
| Other amounts receivable | 41 | - | €291 | +€291 | |
| Cash at bank and in hand | 54/58 | €1,982 | €4,232 | +€2,250 | +113.5% |
| Deferred charges and accrued income | 490/1 | €213 | - | -€213 | |
| Total equity and liabilities | 10/49 | €212,820 | €209,190 | -€3,630 | -1.7% |
| Equity | 10/15 | €32,600 | €48,615 | +€16,014 | +49.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €225 | €225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €225 | €225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €225 | €225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,375 | €18,390 | +€16,014 | +674.2% |
| Amounts payable | 17/49 | €180,219 | €160,575 | -€19,644 | -10.9% |
| Amounts payable after more than one year | 17 | €96,279 | €75,264 | -€21,015 | -21.8% |
| Financial debts | 170/4 | €96,279 | €75,264 | -€21,015 | -21.8% |
| Amounts payable within one year | 42/48 | €83,940 | €85,311 | +€1,371 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €19,821 | €21,015 | +€1,194 | +6.0% |
| Trade debts | 44 | €9,617 | €1,699 | -€7,918 | -82.3% |
| Suppliers | 440/4 | €9,617 | €1,699 | -€7,918 | -82.3% |
| Taxes, remuneration and social security | 45 | €15,096 | €17,072 | +€1,977 | +13.1% |
| Taxes | 450/3 | €10,052 | €12,273 | +€2,221 | +22.1% |
| Remuneration and social security | 454/9 | €5,044 | €4,800 | -€244 | -4.8% |
| Other amounts payable | 47/48 | €39,406 | €45,525 | +€6,119 | +15.5% |
| Remuneration, social security and pensions | 62 | €44,279 | €35,177 | -€9,102 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,422 | €11,342 | -€80 | -0.7% |
| Other operating charges | 640/8 | €2,236 | €2,410 | +€174 | +7.8% |
| Gross operating margin | 9900 | €62,130 | €76,546 | +€14,417 | +23.2% |
| Operating profit (loss) | 9901 | €4,193 | €27,618 | +€23,425 | +558.7% |
| Financial charges | 65/66B | €11,023 | €9,599 | -€1,425 | -12.9% |
| Recurring financial charges | 65 | €11,023 | €9,599 | -€1,425 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,831 | €18,019 | +€24,850 | |
| Income taxes | 67/77 | €140 | €2,005 | +€1,865 | +1336.9% |
| Profit (loss) for the period | 9904 | -€6,970 | €16,014 | +€22,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,970 | €16,014 | +€22,984 |
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 10 October 2026 via checked.be.