LOU VBP: what changed
LOU VBP
Largest movements
- Tangible fixed assets +€73,161
up €73,161 (+108%), from €67,725 to €140,885
of which Furniture and vehicles: +€75,616
- Cash -€25,236
down €25,236 (-30.8%), from €82,041 to €56,806
mainly Investment in fixed assets (net) (-€88,080) and Tax, wage and social debts (-€7,113)
- Stocks and contracts +€4,082
up €4,082 (+13.1%), from €31,097 to €35,179
- Debts after one year +€28,828
up €28,828 (+42.7%), from €67,572 to €96,401
- Trade debts +€13,314
up €13,314 (+88.2%), from €15,088 to €28,402
- Current portion of long-term debt +€11,835
up €11,835 (+584%), from €2,028 to €13,862
- Tax, wage and social debts -€7,113
down €7,113 (-38.0%), from €18,718 to €11,605
of which Taxes: -€5,452
- Other debts +€4,354
up €4,354 (+24.5%), from €17,772 to €22,126
- Gross operating margin +€15,137
up €15,137 (+5.3%), from €287,437 to €302,574
- Depreciation +€7,573
up €7,573 (+103%), from €7,347 to €14,920
- Staff costs +€5,698
up €5,698 (+2.2%), from €264,461 to €270,158
- Financial charges +€4,079
up €4,079 (+57.9%), from €7,044 to €11,123
of which Financial charges: +€4,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,916 | €241,532 | +€51,616 | +27.2% |
| Fixed assets | 21/28 | €74,925 | €148,085 | +€73,161 | +97.6% |
| Tangible fixed assets | 22/27 | €67,725 | €140,885 | +€73,161 | +108% |
| Plant, machinery and equipment | 23 | €64,218 | €61,762 | -€2,455 | -3.8% |
| Furniture and vehicles | 24 | €3,507 | €79,123 | +€75,616 | +2,156% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €114,991 | €93,446 | -€21,545 | -18.7% |
| Stocks and contracts in progress | 3 | €31,097 | €35,179 | +€4,082 | +13.1% |
| Stocks | 30/36 | €31,097 | €35,179 | +€4,082 | +13.1% |
| Cash at bank and in hand | 54/58 | €82,041 | €56,806 | -€25,236 | -30.8% |
| Deferred charges and accrued income | 490/1 | €1,853 | €1,462 | -€391 | -21.1% |
| Total equity and liabilities | 10/49 | €189,916 | €241,532 | +€51,616 | +27.2% |
| Equity | 10/15 | €65,219 | €65,860 | +€641 | +1.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €6,991 | €6,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,991 | €6,991 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,991 | €6,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,772 | -€16,131 | +€641 | +3.8% |
| Amounts payable | 17/49 | €124,697 | €175,671 | +€50,975 | +40.9% |
| Amounts payable after more than one year | 17 | €67,572 | €96,401 | +€28,828 | +42.7% |
| Financial debts | 170/4 | €67,572 | €96,401 | +€28,828 | +42.7% |
| Amounts payable within one year | 42/48 | €53,606 | €75,996 | +€22,390 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €2,028 | €13,862 | +€11,835 | +584% |
| Trade debts | 44 | €15,088 | €28,402 | +€13,314 | +88.2% |
| Suppliers | 440/4 | €15,088 | €28,402 | +€13,314 | +88.2% |
| Taxes, remuneration and social security | 45 | €18,718 | €11,605 | -€7,113 | -38.0% |
| Taxes | 450/3 | €6,764 | €1,312 | -€5,452 | -80.6% |
| Remuneration and social security | 454/9 | €11,954 | €10,294 | -€1,661 | -13.9% |
| Other amounts payable | 47/48 | €17,772 | €22,126 | +€4,354 | +24.5% |
| Accrued charges and deferred income | 492/3 | €3,518 | €3,275 | -€243 | -6.9% |
| Non-recurring operating income | 76A | - | €801 | +€801 | |
| Remuneration, social security and pensions | 62 | €264,461 | €270,158 | +€5,698 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,347 | €14,920 | +€7,573 | +103% |
| Other operating charges | 640/8 | €758 | €2,434 | +€1,676 | +221% |
| Gross operating margin | 9900 | €287,437 | €302,574 | +€15,137 | +5.3% |
| Operating profit (loss) | 9901 | €14,871 | €15,061 | +€190 | +1.3% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €7,044 | €11,123 | +€4,079 | +57.9% |
| Recurring financial charges | 65 | €7,034 | €11,123 | +€4,089 | +58.1% |
| Non-recurring financial charges | 66B | €10 | - | -€10 | |
| Profit (loss) for the period before taxes | 9903 | €7,827 | €3,938 | -€3,889 | -49.7% |
| Income taxes | 67/77 | €5,983 | €3,217 | -€2,766 | -46.2% |
| Profit (loss) for the period | 9904 | €1,844 | €721 | -€1,123 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €721 | -€1,123 | -60.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.