LOUAN: 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.
LOUAN
Largest movements
- Receivables within one year -€108,758
down €108,758 (-20.7%), from €524,603 to €415,845
of which Other amounts receivable: -€85,039
- Tangible fixed assets +€39,905
up €39,905 (+9.2%), from €432,581 to €472,487
of which Land and buildings: +€45,506
- Debts after one year -€562,000
down €562,000 (-94.1%), from €597,165 to €35,165
- Other debts +€550,417
up €550,417 (+212%), from €259,889 to €810,305
- Trade debts -€44,873
down €44,873 (-89.0%), from €50,410 to €5,537
- Financial income -€97,078
down €97,078 (-96.3%), from €100,757 to €3,679
- Gross operating margin -€58,236
down €58,236 (-43.5%), from €134,000 to €75,764
- Financial charges -€23,913
down €23,913 (-39.2%), from €61,071 to €37,158
- Taxes -€17,627
down €17,627 (-83.6%), from €21,091 to €3,464
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 | €2,137,819 | €2,066,882 | -€70,937 | -3.3% |
| Fixed assets | 21/28 | €1,008,581 | €1,064,987 | +€56,405 | +5.6% |
| Tangible fixed assets | 22/27 | €432,581 | €472,487 | +€39,905 | +9.2% |
| Land and buildings | 22 | €423,298 | €468,804 | +€45,506 | +10.8% |
| Plant, machinery and equipment | 23 | €23 | €0 | -€23 | -100% |
| Furniture and vehicles | 24 | €9,261 | €3,683 | -€5,578 | -60.2% |
| Financial fixed assets | 28 | €576,000 | €592,500 | +€16,500 | +2.9% |
| Current assets | 29/58 | €1,129,238 | €1,001,895 | -€127,342 | -11.3% |
| Amounts receivable within one year | 40/41 | €524,603 | €415,845 | -€108,758 | -20.7% |
| Trade receivables | 40 | €33,071 | €9,352 | -€23,719 | -71.7% |
| Other amounts receivable | 41 | €491,532 | €406,493 | -€85,039 | -17.3% |
| Cash at bank and in hand | 54/58 | €598,144 | €581,024 | -€17,120 | -2.9% |
| Deferred charges and accrued income | 490/1 | €6,491 | €5,026 | -€1,465 | -22.6% |
| Total equity and liabilities | 10/49 | €2,137,819 | €2,066,882 | -€70,937 | -3.3% |
| Equity | 10/15 | €1,144,377 | €1,146,545 | +€2,169 | +0.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €844,377 | €846,545 | +€2,169 | +0.3% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €814,377 | €816,545 | +€2,169 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €993,443 | €920,337 | -€73,106 | -7.4% |
| Amounts payable after more than one year | 17 | €597,165 | €35,165 | -€562,000 | -94.1% |
| Financial debts | 170/4 | €597,165 | €35,165 | -€562,000 | -94.1% |
| Amounts payable within one year | 42/48 | €341,537 | €849,338 | +€507,802 | +149% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €50,410 | €5,537 | -€44,873 | -89.0% |
| Suppliers | 440/4 | €50,410 | €5,537 | -€44,873 | -89.0% |
| Taxes, remuneration and social security | 45 | €1,237 | €3,496 | +€2,258 | +183% |
| Taxes | 450/3 | €1,237 | €3,496 | +€2,258 | +183% |
| Other amounts payable | 47/48 | €259,889 | €810,305 | +€550,417 | +212% |
| Accrued charges and deferred income | 492/3 | €54,741 | €35,833 | -€18,907 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,910 | €28,695 | -€216 | -0.7% |
| Other operating charges | 640/8 | €8,758 | €7,958 | -€799 | -9.1% |
| Gross operating margin | 9900 | €134,000 | €75,764 | -€58,236 | -43.5% |
| Operating profit (loss) | 9901 | €96,332 | €39,111 | -€57,221 | -59.4% |
| Financial income | 75/76B | €100,757 | €3,679 | -€97,078 | -96.3% |
| Recurring financial income | 75 | €100,757 | €3,679 | -€97,078 | -96.3% |
| Financial charges | 65/66B | €61,071 | €37,158 | -€23,913 | -39.2% |
| Recurring financial charges | 65 | €61,071 | €37,158 | -€23,913 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €136,018 | €5,632 | -€130,386 | -95.9% |
| Income taxes | 67/77 | €21,091 | €3,464 | -€17,627 | -83.6% |
| Profit (loss) for the period | 9904 | €114,928 | €2,169 | -€112,759 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,928 | €2,169 | -€112,759 | -98.1% |
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.