LOU-BEN: 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-BEN
Largest movements
- Cash +€191,908
up €191,908 (+137%), from €140,159 to €332,067
mainly Net result for the year (+€116,067) and Stocks and contracts (+€36,961)
- Stocks and contracts -€36,961
no longer reported in 2025 (was €36,961)
- Deferred charges and accrued income -€30,500
no longer reported in 2025 (was €30,500)
- Receivables within one year -€9,596
down €9,596 (-89.9%), from €10,678 to €1,081
of which Trade receivables: -€10,678
- Tangible fixed assets +€4,682
new in 2025: €4,682
of which Furniture and vehicles: +€2,982
- Reserves +€115,000
up €115,000 (+1,424%), from €8,073 to €123,073
- Tax, wage and social debts +€8,257
up €8,257 (+1,005%), from €822 to €9,079
- Gross operating margin +€187,151
up €187,151, from -€17,626 to €169,525
- Taxes +€49,579
new in 2025: €49,579
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 | €218,298 | €337,830 | +€119,533 | +54.8% |
| Fixed assets | 21/28 | - | €4,682 | +€4,682 | |
| Tangible fixed assets | 22/27 | - | €4,682 | +€4,682 | |
| Plant, machinery and equipment | 23 | - | €1,699 | +€1,699 | |
| Furniture and vehicles | 24 | - | €2,982 | +€2,982 | |
| Current assets | 29/58 | €218,298 | €333,149 | +€114,851 | +52.6% |
| Stocks and contracts in progress | 3 | €36,961 | - | -€36,961 | |
| Stocks | 30/36 | €36,961 | - | -€36,961 | |
| Amounts receivable within one year | 40/41 | €10,678 | €1,081 | -€9,596 | -89.9% |
| Trade receivables | 40 | €10,678 | - | -€10,678 | |
| Other amounts receivable | 41 | - | €1,081 | +€1,081 | |
| Cash at bank and in hand | 54/58 | €140,159 | €332,067 | +€191,908 | +137% |
| Deferred charges and accrued income | 490/1 | €30,500 | - | -€30,500 | |
| Total equity and liabilities | 10/49 | €218,298 | €337,830 | +€119,533 | +54.8% |
| Equity | 10/15 | €15,725 | €131,792 | +€116,067 | +738% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,073 | €123,073 | +€115,000 | +1,424% |
| Distributable reserves | 133 | €8,073 | €123,073 | +€115,000 | +1,424% |
| Profit (loss) carried forward | 14 | €6,652 | €7,719 | +€1,067 | +16.0% |
| Amounts payable | 17/49 | €202,573 | €206,038 | +€3,465 | +1.7% |
| Amounts payable within one year | 42/48 | €202,573 | €206,038 | +€3,465 | +1.7% |
| Trade debts | 44 | €2,542 | €57 | -€2,485 | -97.8% |
| Suppliers | 440/4 | €2,542 | €57 | -€2,485 | -97.8% |
| Taxes, remuneration and social security | 45 | €822 | €9,079 | +€8,257 | +1,005% |
| Taxes | 450/3 | €822 | €9,079 | +€8,257 | +1,005% |
| Other amounts payable | 47/48 | €199,209 | €196,903 | -€2,306 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €174 | +€174 | |
| Other operating charges | 640/8 | €2,422 | €3,337 | +€915 | +37.8% |
| Gross operating margin | 9900 | -€17,626 | €169,525 | +€187,151 | |
| Operating profit (loss) | 9901 | -€20,048 | €166,014 | +€186,062 | |
| Financial charges | 65/66B | -€7 | €368 | +€375 | |
| Recurring financial charges | 65 | -€7 | €368 | +€375 | |
| Profit (loss) for the period before taxes | 9903 | -€20,041 | €165,646 | +€185,687 | |
| Income taxes | 67/77 | - | €49,579 | +€49,579 | |
| Profit (loss) for the period | 9904 | -€20,041 | €116,067 | +€136,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,041 | €116,067 | +€136,109 |
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 30 October 2026 via checked.be.