LOU: what changed
Two fiscal 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.
LOU
Largest movements
- Stocks and contracts +€21,559
up €21,559 (+38.1%), from €56,620 to €78,179
- Cash +€17,650
up €17,650 (+60.2%), from €29,327 to €46,977
mainly Debts after one year (+€22,515) and Receivables within one year (+€13,327)
- Receivables within one year -€13,327
down €13,327 (-54.5%), from €24,466 to €11,139
of which Trade receivables: -€13,202
- Debts after one year +€22,515
new in 2025: €22,515
- Other debts -€17,669
down €17,669 (-40.0%), from €44,197 to €26,527
- Reserves +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€4,464
up €4,464 (+65.7%), from €6,792 to €11,256
of which Taxes: +€4,446
- Trade debts +€4,176
up €4,176 (+27.5%), from €15,166 to €19,341
- Taxes +€9,337
up €9,337 (+5880.1%), from €159 to €9,496
- Write-downs -€6,114
no longer reported in 2025 (was €6,114)
- Gross operating margin +€3,909
up €3,909 (+17.1%), from €22,836 to €26,745
- Depreciation -€3,823
down €3,823 (-51.2%), from €7,474 to €3,651
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 | €152,355 | €177,145 | +€24,791 | +16.3% |
| Fixed assets | 21/28 | €41,942 | €40,851 | -€1,091 | -2.6% |
| Tangible fixed assets | 22/27 | €41,812 | €40,721 | -€1,091 | -2.6% |
| Plant, machinery and equipment | 23 | €1,490 | €1,244 | -€246 | -16.5% |
| Furniture and vehicles | 24 | €2,139 | €1,366 | -€772 | -36.1% |
| Other tangible fixed assets | 26 | €38,183 | €38,111 | -€72 | -0.2% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €110,413 | €136,294 | +€25,881 | +23.4% |
| Stocks and contracts in progress | 3 | €56,620 | €78,179 | +€21,559 | +38.1% |
| Stocks | 30/36 | €56,620 | €78,179 | +€21,559 | +38.1% |
| Amounts receivable within one year | 40/41 | €24,466 | €11,139 | -€13,327 | -54.5% |
| Trade receivables | 40 | €16,617 | €3,414 | -€13,202 | -79.5% |
| Other amounts receivable | 41 | €7,849 | €7,725 | -€125 | -1.6% |
| Cash at bank and in hand | 54/58 | €29,327 | €46,977 | +€17,650 | +60.2% |
| Total equity and liabilities | 10/49 | €152,355 | €177,145 | +€24,791 | +16.3% |
| Equity | 10/15 | €86,200 | €97,506 | +€11,306 | +13.1% |
| Contributions | 10/11 | €86,200 | €86,200 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | - | €1,306 | +€1,306 | |
| Amounts payable | 17/49 | €66,155 | €79,639 | +€13,485 | +20.4% |
| Amounts payable after more than one year | 17 | - | €22,515 | +€22,515 | |
| Financial debts | 170/4 | - | €22,515 | +€22,515 | |
| Amounts payable within one year | 42/48 | €66,155 | €57,124 | -€9,030 | -13.7% |
| Trade debts | 44 | €15,166 | €19,341 | +€4,176 | +27.5% |
| Suppliers | 440/4 | €15,166 | €19,341 | +€4,176 | +27.5% |
| Taxes, remuneration and social security | 45 | €6,792 | €11,256 | +€4,464 | +65.7% |
| Taxes | 450/3 | €6,792 | €11,238 | +€4,446 | +65.4% |
| Remuneration and social security | 454/9 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €44,197 | €26,527 | -€17,669 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,474 | €3,651 | -€3,823 | -51.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,114 | - | -€6,114 | |
| Other operating charges | 640/8 | €875 | €957 | +€82 | +9.4% |
| Gross operating margin | 9900 | €22,836 | €26,745 | +€3,909 | +17.1% |
| Operating profit (loss) | 9901 | €8,373 | €22,138 | +€13,765 | +164.4% |
| Financial income | 75/76B | €353 | €109 | -€244 | -69.2% |
| Recurring financial income | 75 | €353 | €109 | -€244 | -69.2% |
| Financial charges | 65/66B | €1,567 | €1,444 | -€122 | -7.8% |
| Recurring financial charges | 65 | €1,567 | €1,444 | -€122 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €7,159 | €20,802 | +€13,642 | +190.6% |
| Income taxes | 67/77 | €159 | €9,496 | +€9,337 | +5880.1% |
| Profit (loss) for the period | 9904 | €7,001 | €11,306 | +€4,305 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,001 | €11,306 | +€4,305 | +61.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.