LOUAGE D MD: 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 D MD
Largest movements
- Current investments +€209,284
up €209,284 (+33.7%), from €620,732 to €830,016
- Receivables within one year +€47,034
up €47,034 (+40.0%), from €117,534 to €164,568
of which Trade receivables: +€54,989
- Cash -€42,651
down €42,651 (-63.6%), from €67,082 to €24,431
mainly Current investments (-€209,284) and Other debts (-€109,938)
- Reserves +€290,613
up €290,613 (+18.6%), from €1.6m to €1.9m
of which Distributable reserves: +€290,613
- Other debts -€109,938
down €109,938 (-96.0%), from €114,517 to €4,579
- Tax, wage and social debts +€35,841
up €35,841 (+71.8%), from €49,896 to €85,737
of which Taxes: +€35,841
- Financial income -€97,640
down €97,640 (-73.9%), from €132,088 to €34,448
- Financial charges -€96,200
down €96,200, from €74,331 to -€21,869
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 | €1,744,538 | €1,961,716 | +€217,179 | +12.4% |
| Fixed assets | 21/28 | €935,680 | €939,508 | +€3,827 | +0.4% |
| Tangible fixed assets | 22/27 | €7,975 | €11,803 | +€3,827 | +48.0% |
| Land and buildings | 22 | €7,333 | €4,929 | -€2,404 | -32.8% |
| Furniture and vehicles | 24 | €643 | €6,873 | +€6,231 | +969% |
| Financial fixed assets | 28 | €927,705 | €927,705 | = | 0.0% |
| Current assets | 29/58 | €808,857 | €1,022,209 | +€213,352 | +26.4% |
| Amounts receivable within one year | 40/41 | €117,534 | €164,568 | +€47,034 | +40.0% |
| Trade receivables | 40 | €108,988 | €163,977 | +€54,989 | +50.5% |
| Other amounts receivable | 41 | €8,546 | €591 | -€7,955 | -93.1% |
| Current investments | 50/53 | €620,732 | €830,016 | +€209,284 | +33.7% |
| Cash at bank and in hand | 54/58 | €67,082 | €24,431 | -€42,651 | -63.6% |
| Deferred charges and accrued income | 490/1 | €3,509 | €3,193 | -€315 | -9.0% |
| Total equity and liabilities | 10/49 | €1,744,538 | €1,961,716 | +€217,179 | +12.4% |
| Equity | 10/15 | €1,579,320 | €1,869,932 | +€290,613 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,560,720 | €1,851,332 | +€290,613 | +18.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,553,220 | €1,843,832 | +€290,613 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €165,218 | €91,784 | -€73,434 | -44.4% |
| Amounts payable within one year | 42/48 | €164,435 | €90,527 | -€73,908 | -44.9% |
| Trade debts | 44 | €22 | €210 | +€189 | +879% |
| Suppliers | 440/4 | €22 | €210 | +€189 | +879% |
| Taxes, remuneration and social security | 45 | €49,896 | €85,737 | +€35,841 | +71.8% |
| Taxes | 450/3 | €49,896 | €85,737 | +€35,841 | +71.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €114,517 | €4,579 | -€109,938 | -96.0% |
| Accrued charges and deferred income | 492/3 | €783 | €1,257 | +€473 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,959 | €3,073 | +€113 | +3.8% |
| Other operating charges | 640/8 | €2,746 | €2,797 | +€51 | +1.9% |
| Gross operating margin | 9900 | €360,885 | €361,698 | +€813 | +0.2% |
| Operating profit (loss) | 9901 | €355,180 | €355,828 | +€648 | +0.2% |
| Financial income | 75/76B | €132,088 | €34,448 | -€97,640 | -73.9% |
| Recurring financial income | 75 | €132,088 | €34,448 | -€97,640 | -73.9% |
| Financial charges | 65/66B | €74,331 | -€21,869 | -€96,200 | |
| Recurring financial charges | 65 | €74,331 | -€21,869 | -€96,200 | |
| Profit (loss) for the period before taxes | 9903 | €412,936 | €412,144 | -€792 | -0.2% |
| Income taxes | 67/77 | €121,104 | €121,532 | +€428 | +0.4% |
| Profit (loss) for the period | 9904 | €291,833 | €290,613 | -€1,220 | -0.4% |
| Transfer from tax-exempt reserves | 789 | €38,540 | €0 | -€38,540 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €330,373 | €290,613 | -€39,760 | -12.0% |
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 23 October 2026 via checked.be.