LOUAGE & CRAEYNEST: 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.
LOUAGE & CRAEYNEST
Largest movements
- Cash +€828,319
up €828,319 (+157%), from €528,896 to €1.4m
mainly Net result for the year (+€534,142) and Trade debts (+€385,643)
- Receivables within one year +€315,231
up €315,231 (+18.8%), from €1.7m to €2.0m
of which Trade receivables: +€315,231
- Current investments -€246,970
down €246,970 (-78.1%), from €316,422 to €69,451
- Tangible fixed assets -€102,708
down €102,708 (-28.1%), from €365,335 to €262,627
of which Plant, machinery and equipment: -€60,408
- Stocks and contracts -€61,781
down €61,781 (-11.5%), from €538,199 to €476,418
- Profit (loss) carried forward +€534,142
up €534,142 (+44.6%), from €1.2m to €1.7m
- Trade debts +€385,643
up €385,643 (+69.0%), from €558,927 to €944,570
- Other debts -€189,474
down €189,474 (-89.7%), from €211,288 to €21,813
- Staff costs +€76,752
up €76,752 (+19.5%), from €392,658 to €469,410
- Depreciation -€38,679
down €38,679 (-25.2%), from €153,556 to €114,877
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 | €3,437,819 | €4,164,442 | +€726,623 | +21.1% |
| Fixed assets | 21/28 | €365,470 | €262,762 | -€102,708 | -28.1% |
| Tangible fixed assets | 22/27 | €365,335 | €262,627 | -€102,708 | -28.1% |
| Land and buildings | 22 | €49,784 | €37,138 | -€12,646 | -25.4% |
| Plant, machinery and equipment | 23 | €253,069 | €192,661 | -€60,408 | -23.9% |
| Furniture and vehicles | 24 | €28,251 | €10,419 | -€17,833 | -63.1% |
| Other tangible fixed assets | 26 | €34,230 | €22,410 | -€11,820 | -34.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €3,072,349 | €3,901,680 | +€829,331 | +27.0% |
| Stocks and contracts in progress | 3 | €538,199 | €476,418 | -€61,781 | -11.5% |
| Stocks | 30/36 | €538,199 | €476,418 | -€61,781 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,681,192 | €1,996,424 | +€315,231 | +18.8% |
| Trade receivables | 40 | €1,644,464 | €1,959,696 | +€315,231 | +19.2% |
| Other amounts receivable | 41 | €36,728 | €36,728 | = | 0.0% |
| Current investments | 50/53 | €316,422 | €69,451 | -€246,970 | -78.1% |
| Cash at bank and in hand | 54/58 | €528,896 | €1,357,215 | +€828,319 | +157% |
| Deferred charges and accrued income | 490/1 | €7,640 | €2,171 | -€5,468 | -71.6% |
| Total equity and liabilities | 10/49 | €3,437,819 | €4,164,442 | +€726,623 | +21.1% |
| Equity | 10/15 | €2,549,039 | €3,083,181 | +€534,142 | +21.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,288,960 | €1,288,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,762 | €11,762 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €5,565 | €5,565 | = | 0.0% |
| Distributable reserves | 133 | €1,277,198 | €1,277,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,198,106 | €1,732,248 | +€534,142 | +44.6% |
| Amounts payable | 17/49 | €888,780 | €1,081,261 | +€192,481 | +21.7% |
| Amounts payable after more than one year | 17 | €33,136 | €19,009 | -€14,127 | -42.6% |
| Financial debts | 170/4 | €33,136 | €19,009 | -€14,127 | -42.6% |
| Amounts payable within one year | 42/48 | €855,644 | €1,062,252 | +€206,608 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €31,359 | €14,127 | -€17,232 | -55.0% |
| Trade debts | 44 | €558,927 | €944,570 | +€385,643 | +69.0% |
| Suppliers | 440/4 | €558,927 | €944,570 | +€385,643 | +69.0% |
| Taxes, remuneration and social security | 45 | €54,071 | €81,742 | +€27,671 | +51.2% |
| Taxes | 450/3 | €7,153 | €39,970 | +€32,817 | +459% |
| Remuneration and social security | 454/9 | €46,918 | €41,772 | -€5,146 | -11.0% |
| Other amounts payable | 47/48 | €211,288 | €21,813 | -€189,474 | -89.7% |
| Remuneration, social security and pensions | 62 | €392,658 | €469,410 | +€76,752 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,556 | €114,877 | -€38,679 | -25.2% |
| Other operating charges | 640/8 | €39,328 | €41,014 | +€1,686 | +4.3% |
| Gross operating margin | 9900 | €1,340,525 | €1,332,475 | -€8,050 | -0.6% |
| Operating profit (loss) | 9901 | €754,983 | €707,174 | -€47,810 | -6.3% |
| Financial income | 75/76B | €9,912 | €9,600 | -€311 | -3.1% |
| Recurring financial income | 75 | €9,912 | €9,600 | -€311 | -3.1% |
| Financial charges | 65/66B | €2,382 | €5,068 | +€2,686 | +113% |
| Recurring financial charges | 65 | €2,382 | €5,068 | +€2,686 | +113% |
| Profit (loss) for the period before taxes | 9903 | €762,513 | €711,706 | -€50,807 | -6.7% |
| Income taxes | 67/77 | €186,230 | €177,564 | -€8,667 | -4.7% |
| Profit (loss) for the period | 9904 | €576,283 | €534,142 | -€42,141 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €576,283 | €534,142 | -€42,141 | -7.3% |
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 29 October 2026 via checked.be.