LA LOUVE: 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 LOUVE
Largest movements
- Tangible fixed assets -€39,329
down €39,329 (-25.7%), from €153,109 to €113,780
of which Furniture and vehicles: -€34,187
- Cash +€9,826
up €9,826 (+58.7%), from €16,748 to €26,575
mainly Depreciation (+€45,361) and Net result for the year (+€11,969)
- Receivables within one year +€8,104
up €8,104 (+9.3%), from €86,956 to €95,060
of which Other amounts receivable: +€9,445
- Debts after one year -€33,738
down €33,738 (-36.0%), from €93,674 to €59,935
- Profit (loss) carried forward +€11,969
up €11,969, from -€9,181 to €2,788
- Current portion of long-term debt +€8,240
up €8,240 (+16.3%), from €50,528 to €58,768
- Trade debts -€7,725
down €7,725 (-56.3%), from €13,713 to €5,988
- Gross operating margin -€22,359
down €22,359 (-9.7%), from €229,827 to €207,468
- Staff costs +€5,776
up €5,776 (+4.5%), from €127,117 to €132,893
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 | €261,507 | €240,169 | -€21,338 | -8.2% |
| Fixed assets | 21/28 | €157,803 | €118,535 | -€39,268 | -24.9% |
| Tangible fixed assets | 22/27 | €153,109 | €113,780 | -€39,329 | -25.7% |
| Land and buildings | 22 | €72,016 | €66,874 | -€5,142 | -7.1% |
| Furniture and vehicles | 24 | €81,093 | €46,906 | -€34,187 | -42.2% |
| Financial fixed assets | 28 | €4,694 | €4,755 | +€61 | +1.3% |
| Current assets | 29/58 | €103,704 | €121,634 | +€17,930 | +17.3% |
| Amounts receivable within one year | 40/41 | €86,956 | €95,060 | +€8,104 | +9.3% |
| Trade receivables | 40 | €16,574 | €15,232 | -€1,342 | -8.1% |
| Other amounts receivable | 41 | €70,382 | €79,827 | +€9,445 | +13.4% |
| Cash at bank and in hand | 54/58 | €16,748 | €26,575 | +€9,826 | +58.7% |
| Total equity and liabilities | 10/49 | €261,507 | €240,169 | -€21,338 | -8.2% |
| Equity | 10/15 | €56,927 | €68,896 | +€11,969 | +21.0% |
| 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 | €4,108 | €4,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,108 | €4,108 | = | 0.0% |
| Legal reserve | 130 | €4,108 | €4,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,181 | €2,788 | +€11,969 | |
| Amounts payable | 17/49 | €204,580 | €171,274 | -€33,306 | -16.3% |
| Amounts payable after more than one year | 17 | €93,674 | €59,935 | -€33,738 | -36.0% |
| Financial debts | 170/4 | €93,674 | €59,935 | -€33,738 | -36.0% |
| Amounts payable within one year | 42/48 | €110,906 | €111,338 | +€432 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €50,528 | €58,768 | +€8,240 | +16.3% |
| Trade debts | 44 | €13,713 | €5,988 | -€7,725 | -56.3% |
| Suppliers | 440/4 | €13,713 | €5,988 | -€7,725 | -56.3% |
| Taxes, remuneration and social security | 45 | €46,665 | €46,582 | -€83 | -0.2% |
| Taxes | 450/3 | €12,750 | €14,877 | +€2,127 | +16.7% |
| Remuneration and social security | 454/9 | €33,915 | €31,706 | -€2,210 | -6.5% |
| Remuneration, social security and pensions | 62 | €127,117 | €132,893 | +€5,776 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,433 | €45,361 | +€928 | +2.1% |
| Other operating charges | 640/8 | €4,811 | €4,762 | -€49 | -1.0% |
| Non-recurring operating charges | 66A | €14,707 | - | -€14,707 | |
| Gross operating margin | 9900 | €229,827 | €207,468 | -€22,359 | -9.7% |
| Operating profit (loss) | 9901 | €38,759 | €24,452 | -€14,307 | -36.9% |
| Financial income | 75/76B | €3,441 | €3,792 | +€351 | +10.2% |
| Recurring financial income | 75 | €1,673 | €3,792 | +€2,119 | +127% |
| Non-recurring financial income | 76B | €1,768 | - | -€1,768 | |
| Financial charges | 65/66B | €7,437 | €6,579 | -€858 | -11.5% |
| Recurring financial charges | 65 | €7,437 | €6,579 | -€858 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €34,763 | €21,665 | -€13,098 | -37.7% |
| Income taxes | 67/77 | €9,018 | €9,697 | +€679 | +7.5% |
| Profit (loss) for the period | 9904 | €25,745 | €11,969 | -€13,777 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,745 | €11,969 | -€13,777 | -53.5% |
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 25 October 2026 via checked.be.