LOUANDRE: what changed
Two fiscal 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.
LOUANDRE
Largest movements
- Cash -€5,855
down €5,855 (-61.6%), from €9,507 to €3,652
mainly Tax, wage and social debts (-€10,242) and Receivables within one year (-€4,966)
- Receivables within one year +€4,966
up €4,966 (+2.1%), from €238,238 to €243,204
of which Other amounts receivable: +€46,326
- Tax, wage and social debts -€10,242
down €10,242 (-29.6%), from €34,633 to €24,391
- Reserves +€9,656
up €9,656 (+4.7%), from €207,002 to €216,658
of which Distributable reserves: +€9,656
- Gross operating margin -€21,986
down €21,986 (-54.2%), from €40,554 to €18,568
- Financial charges -€5,830
down €5,830 (-87.5%), from €6,663 to €833
- Taxes -€5,408
down €5,408 (-56.2%), from €9,630 to €4,221
- Other operating charges +€1,529
up €1,529 (+397.6%), from €384 to €1,913
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.
Cash bridge derived
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 | €251,082 | €248,664 | -€2,418 | -1.0% |
| Fixed assets | 21/28 | €3,337 | €1,808 | -€1,529 | -45.8% |
| Tangible fixed assets | 22/27 | €3,337 | €1,808 | -€1,529 | -45.8% |
| Plant, machinery and equipment | 23 | €322 | €48 | -€274 | -85.1% |
| Furniture and vehicles | 24 | €3,014 | €1,760 | -€1,254 | -41.6% |
| Current assets | 29/58 | €247,746 | €246,856 | -€889 | -0.4% |
| Amounts receivable within one year | 40/41 | €238,238 | €243,204 | +€4,966 | +2.1% |
| Trade receivables | 40 | €41,359 | - | -€41,359 | |
| Other amounts receivable | 41 | €196,879 | €243,204 | +€46,326 | +23.5% |
| Cash at bank and in hand | 54/58 | €9,507 | €3,652 | -€5,855 | -61.6% |
| Total equity and liabilities | 10/49 | €251,082 | €248,664 | -€2,418 | -1.0% |
| Equity | 10/15 | €213,202 | €222,858 | +€9,656 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,002 | €216,658 | +€9,656 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €205,142 | €214,798 | +€9,656 | +4.7% |
| Amounts payable | 17/49 | €37,880 | €25,806 | -€12,074 | -31.9% |
| Amounts payable within one year | 42/48 | €37,880 | €25,806 | -€12,074 | -31.9% |
| Trade debts | 44 | €3,247 | €1,416 | -€1,831 | -56.4% |
| Suppliers | 440/4 | €3,247 | €1,416 | -€1,831 | -56.4% |
| Taxes, remuneration and social security | 45 | €34,633 | €24,391 | -€10,242 | -29.6% |
| Taxes | 450/3 | €34,633 | €24,391 | -€10,242 | -29.6% |
| Non-recurring operating income | 76A | - | €5,841 | +€5,841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €1,945 | +€211 | +12.2% |
| Other operating charges | 640/8 | €384 | €1,913 | +€1,529 | +397.6% |
| Non-recurring operating charges | 66A | €123 | - | -€123 | |
| Gross operating margin | 9900 | €40,554 | €18,568 | -€21,986 | -54.2% |
| Operating profit (loss) | 9901 | €38,312 | €14,710 | -€23,602 | -61.6% |
| Financial charges | 65/66B | €6,663 | €833 | -€5,830 | -87.5% |
| Recurring financial charges | 65 | €6,663 | €833 | -€5,830 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €31,650 | €13,877 | -€17,773 | -56.2% |
| Income taxes | 67/77 | €9,630 | €4,221 | -€5,408 | -56.2% |
| Profit (loss) for the period | 9904 | €22,020 | €9,656 | -€12,364 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,020 | €9,656 | -€12,364 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.