Lou&Arth: 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.
Lou&Arth
Largest movements
- Tangible fixed assets +€28,025
up €28,025 (+1.8%), from €1.6m to €1.6m
of which Land and buildings: +€28,196
- Other debts +€100,525
up €100,525 (+147%), from €68,476 to €169,001
- Debts after one year -€68,823
down €68,823 (-6.3%), from €1.1m to €1.0m
- Tax, wage and social debts -€36,006
down €36,006 (-56.0%), from €64,241 to €28,235
of which Taxes: -€35,256
- Reserves +€19,764
up €19,764 (+8.2%), from €239,800 to €259,563
of which Distributable reserves: +€19,764
- Gross operating margin -€63,532
down €63,532 (-36.5%), from €174,089 to €110,558
- Taxes -€18,845
down €18,845 (-65.8%), from €28,654 to €9,809
- Depreciation +€3,405
up €3,405 (+7.3%), from €46,620 to €50,025
- Other operating charges +€2,594
up €2,594 (+179%), from €1,449 to €4,043
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 | €1,599,537 | €1,625,751 | +€26,214 | +1.6% |
| Fixed assets | 21/28 | €1,564,303 | €1,592,328 | +€28,025 | +1.8% |
| Tangible fixed assets | 22/27 | €1,564,303 | €1,592,328 | +€28,025 | +1.8% |
| Land and buildings | 22 | €1,564,132 | €1,592,328 | +€28,196 | +1.8% |
| Furniture and vehicles | 24 | €172 | €0 | -€172 | -100% |
| Current assets | 29/58 | €35,233 | €33,423 | -€1,811 | -5.1% |
| Amounts receivable within one year | 40/41 | €21,732 | €23,849 | +€2,118 | +9.7% |
| Trade receivables | 40 | €21,732 | €23,849 | +€2,118 | +9.7% |
| Cash at bank and in hand | 54/58 | €8,702 | €4,773 | -€3,928 | -45.1% |
| Deferred charges and accrued income | 490/1 | €4,800 | €4,800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,599,537 | €1,625,751 | +€26,214 | +1.6% |
| Equity | 10/15 | €279,800 | €299,563 | +€19,764 | +7.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €239,800 | €259,563 | +€19,764 | +8.2% |
| Tax-exempt reserves | 132 | €7,624 | €7,624 | = | 0.0% |
| Distributable reserves | 133 | €232,175 | €251,939 | +€19,764 | +8.5% |
| Amounts payable | 17/49 | €1,319,737 | €1,326,187 | +€6,450 | +0.5% |
| Amounts payable after more than one year | 17 | €1,098,841 | €1,030,018 | -€68,823 | -6.3% |
| Financial debts | 170/4 | €1,098,841 | €1,030,018 | -€68,823 | -6.3% |
| Amounts payable within one year | 42/48 | €220,896 | €292,192 | +€71,295 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €67,168 | €69,901 | +€2,733 | +4.1% |
| Trade debts | 44 | €21,011 | €25,054 | +€4,043 | +19.2% |
| Suppliers | 440/4 | €21,011 | €25,054 | +€4,043 | +19.2% |
| Taxes, remuneration and social security | 45 | €64,241 | €28,235 | -€36,006 | -56.0% |
| Taxes | 450/3 | €60,741 | €25,485 | -€35,256 | -58.0% |
| Remuneration and social security | 454/9 | €3,500 | €2,750 | -€750 | -21.4% |
| Other amounts payable | 47/48 | €68,476 | €169,001 | +€100,525 | +147% |
| Accrued charges and deferred income | 492/3 | - | €3,978 | +€3,978 | |
| Non-recurring operating income | 76A | - | €7,995 | +€7,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,620 | €50,025 | +€3,405 | +7.3% |
| Other operating charges | 640/8 | €1,449 | €4,043 | +€2,594 | +179% |
| Non-recurring operating charges | 66A | €4,301 | €0 | -€4,301 | -100% |
| Gross operating margin | 9900 | €174,089 | €110,558 | -€63,532 | -36.5% |
| Operating profit (loss) | 9901 | €121,719 | €56,490 | -€65,229 | -53.6% |
| Financial income | 75/76B | €0 | €27 | +€27 | +5,418% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +5,418% |
| Financial charges | 65/66B | €28,502 | €26,944 | -€1,558 | -5.5% |
| Recurring financial charges | 65 | €28,502 | €26,944 | -€1,558 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €93,217 | €29,573 | -€63,645 | -68.3% |
| Income taxes | 67/77 | €28,654 | €9,809 | -€18,845 | -65.8% |
| Profit (loss) for the period | 9904 | €64,563 | €19,764 | -€44,799 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,563 | €19,764 | -€44,799 | -69.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.