Louagie: what changed
What changed
Louagie
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€404,580
2024 · €272,919+€131,661
Equity
€2.2m
2024 · €1.8m+€404,580
Cash
€397,739
2024 · €344,005+€53,734
Balance sheet total
€3.9m
2024 · €3.5m+€339,554
Largest movements
Assets
- Stocks and contracts +€156,862
up €156,862 (+19.3%), from €814,638 to €971,500
- Tangible fixed assets +€99,010
up €99,010 (+4.6%), from €2.1m to €2.2m
of which Plant, machinery and equipment: +€50,191
- Cash +€53,734
up €53,734 (+15.6%), from €344,005 to €397,739
mainly Net result for the year (+€404,580) and Depreciation (+€151,767)
Equity and liabilities
- Reserves +€404,580
up €404,580 (+22.9%), from €1.8m to €2.2m
of which Distributable reserves: +€404,580
- Tax, wage and social debts +€95,501
up €95,501 (+93.0%), from €102,742 to €198,243
of which Taxes: +€99,763
- Debts after one year -€95,190
down €95,190 (-10.0%), from €952,335 to €857,145
- Trade debts -€42,727
down €42,727 (-10.7%), from €398,075 to €355,348
Income statement
- Write-downs -€112,771
down €112,771, from €53,011 to -€59,760
- Staff costs -€57,054
down €57,054 (-11.3%), from €506,212 to €449,158
- Taxes +€45,639
up €45,639 (+32.2%), from €141,910 to €187,549
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.
Result 2024
€272,919
Gross operating margin
+€9,070
Staff costs
+€57,054
Depreciation
-€4,879
Write-downs
+€112,771
Provisions
-€292
Other operating charges
-€9,319
Financial income
+€7,829
Financial charges
+€5,066
Taxes
-€45,639
Result 2025
€404,580
raises the resultlowers the result
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.
From operations
+€421,493
Investment
-€250,777
Financing
-€116,983
Cash 2024
€344,005
From operations (derived)
+€421,493
Net result for the year
+€404,580
Depreciation
+€151,767
Stocks and contracts
-€156,862
Receivables within one year
-€18,846
Deferred charges and accrued income
-€11,102
Trade debts
-€42,727
Tax, wage and social debts
+€95,501
Other debts
+€310
Accrued charges and deferred income
-€1,128
Investment (derived)
-€250,777
Investment in fixed assets (net)
-€250,777
Financing
-€116,983
Debts after one year
-€95,190
Current portion of long-term debt
-€5,090
Short-term financial debts
-€16,702
Cash 2025
€397,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,540,306 | €3,879,860 | +€339,554 | +9.6% |
| Fixed assets | 21/28 | €2,131,424 | €2,230,433 | +€99,010 | +4.6% |
| Tangible fixed assets | 22/27 | €2,131,424 | €2,230,433 | +€99,010 | +4.6% |
| Land and buildings | 22 | €1,018,706 | €994,900 | -€23,807 | -2.3% |
| Plant, machinery and equipment | 23 | €56,440 | €106,631 | +€50,191 | +88.9% |
| Furniture and vehicles | 24 | €354,179 | €377,189 | +€23,011 | +6.5% |
| Other tangible fixed assets | 26 | €702,098 | €751,713 | +€49,615 | +7.1% |
| Current assets | 29/58 | €1,408,883 | €1,649,426 | +€240,544 | +17.1% |
| Stocks and contracts in progress | 3 | €814,638 | €971,500 | +€156,862 | +19.3% |
| Stocks | 30/36 | €814,638 | €971,500 | +€156,862 | +19.3% |
| Amounts receivable within one year | 40/41 | €225,875 | €244,721 | +€18,846 | +8.3% |
| Trade receivables | 40 | €225,875 | €244,721 | +€18,846 | +8.3% |
| Cash at bank and in hand | 54/58 | €344,005 | €397,739 | +€53,734 | +15.6% |
| Deferred charges and accrued income | 490/1 | €24,364 | €35,466 | +€11,102 | +45.6% |
| Total equity and liabilities | 10/49 | €3,540,306 | €3,879,860 | +€339,554 | +9.6% |
| Equity | 10/15 | €1,788,658 | €2,193,239 | +€404,580 | +22.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,770,066 | €2,174,647 | +€404,580 | +22.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,770,066 | €2,174,647 | +€404,580 | +22.9% |
| Amounts payable | 17/49 | €1,751,648 | €1,686,621 | -€65,027 | -3.7% |
| Amounts payable after more than one year | 17 | €952,335 | €857,145 | -€95,190 | -10.0% |
| Financial debts | 170/4 | €952,335 | €857,145 | -€95,190 | -10.0% |
| Amounts payable within one year | 42/48 | €776,135 | €807,426 | +€31,291 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €98,433 | €93,343 | -€5,090 | -5.2% |
| Financial debts | 43 | €50,000 | €33,298 | -€16,702 | -33.4% |
| Credit institutions | 430/8 | €50,000 | €33,298 | -€16,702 | -33.4% |
| Trade debts | 44 | €398,075 | €355,348 | -€42,727 | -10.7% |
| Suppliers | 440/4 | €398,075 | €355,348 | -€42,727 | -10.7% |
| Taxes, remuneration and social security | 45 | €102,742 | €198,243 | +€95,501 | +93.0% |
| Taxes | 450/3 | €55,677 | €155,440 | +€99,763 | +179% |
| Remuneration and social security | 454/9 | €47,064 | €42,803 | -€4,262 | -9.1% |
| Other amounts payable | 47/48 | €126,885 | €127,195 | +€310 | +0.2% |
| Accrued charges and deferred income | 492/3 | €23,178 | €22,050 | -€1,128 | -4.9% |
| Non-recurring operating income | 76A | €58,791 | €69,292 | +€10,501 | +17.9% |
| Remuneration, social security and pensions | 62 | €506,212 | €449,158 | -€57,054 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,888 | €151,767 | +€4,879 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,011 | -€59,760 | -€112,771 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €920 | €1,212 | +€292 | +31.7% |
| Other operating charges | 640/8 | €26,312 | €35,630 | +€9,319 | +35.4% |
| Gross operating margin | 9900 | €1,199,443 | €1,208,512 | +€9,070 | +0.8% |
| Operating profit (loss) | 9901 | €466,100 | €630,506 | +€164,406 | +35.3% |
| Financial income | 75/76B | €224 | €8,053 | +€7,829 | +3,498% |
| Recurring financial income | 75 | €224 | €8,053 | +€7,829 | +3,498% |
| Financial charges | 65/66B | €51,495 | €46,428 | -€5,066 | -9.8% |
| Recurring financial charges | 65 | €51,495 | €46,428 | -€5,066 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €414,829 | €592,130 | +€177,301 | +42.7% |
| Income taxes | 67/77 | €141,910 | €187,549 | +€45,639 | +32.2% |
| Profit (loss) for the period | 9904 | €272,919 | €404,580 | +€131,661 | +48.2% |
| Transfer from tax-exempt reserves | 789 | €92,560 | €0 | -€92,560 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €365,479 | €404,580 | +€39,101 | +10.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.