Louarte: what changed
What changed
Louarte
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€107,257
2024 · €100,009+€7,248
Equity
€364,458
2024 · €257,201+€107,257
Cash
€19,801
2024 · €10,389+€9,411
Balance sheet total
€1.3m
2024 · €1.3m+€9,215
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€113,786
down €113,786 (-13.3%), from €857,182 to €743,397
- Reserves +€107,257
up €107,257 (+51.8%), from €207,201 to €314,458
- Other debts +€16,596
up €16,596 (+79.5%), from €20,886 to €37,481
Income statement
- Financial income -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
- Gross operating margin +€31,346
up €31,346 (+51.5%), from €60,911 to €92,257
- Staff costs -€31,182
down €31,182 (-61.3%), from €50,904 to €19,721
- Taxes +€2,571
up €2,571 (+1,736%), from €148 to €2,719
- Financial charges +€1,522
up €1,522 (+4.4%), from €34,320 to €35,842
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
€100,009
Gross operating margin
+€31,346
Staff costs
+€31,182
Other operating charges
-€1,187
Financial income
-€50,000
Financial charges
-€1,522
Taxes
-€2,571
Result 2025
€107,257
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
+€121,209
Investment
€0
Financing
-€111,797
Cash 2024
€10,389
From operations (derived)
+€121,209
Net result for the year
+€107,257
Receivables within one year
-€891
Deferred charges and accrued income
+€1,088
Trade debts
-€1,833
Tax, wage and social debts
-€7,212
Other debts
+€16,596
Accrued charges and deferred income
+€6,205
Financing
-€111,797
Debts after one year
-€113,786
Current portion of long-term debt
+€1,988
Cash 2025
€19,801
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,270,228 | €1,279,443 | +€9,215 | +0.7% |
| Fixed assets | 21/28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current assets | 29/58 | €20,228 | €29,443 | +€9,215 | +45.6% |
| Amounts receivable within one year | 40/41 | €6,608 | €7,499 | +€891 | +13.5% |
| Trade receivables | 40 | €1 | €39 | +€38 | +3,674% |
| Other amounts receivable | 41 | €6,607 | €7,460 | +€853 | +12.9% |
| Cash at bank and in hand | 54/58 | €10,389 | €19,801 | +€9,411 | +90.6% |
| Deferred charges and accrued income | 490/1 | €3,231 | €2,143 | -€1,088 | -33.7% |
| Total equity and liabilities | 10/49 | €1,270,228 | €1,279,443 | +€9,215 | +0.7% |
| Equity | 10/15 | €257,201 | €364,458 | +€107,257 | +41.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €207,201 | €314,458 | +€107,257 | +51.8% |
| Distributable reserves | 133 | €207,201 | €314,458 | +€107,257 | +51.8% |
| Amounts payable | 17/49 | €1,013,027 | €914,985 | -€98,042 | -9.7% |
| Amounts payable after more than one year | 17 | €857,182 | €743,397 | -€113,786 | -13.3% |
| Financial debts | 170/4 | €857,182 | €743,397 | -€113,786 | -13.3% |
| Amounts payable within one year | 42/48 | €150,012 | €159,550 | +€9,539 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €111,797 | €113,786 | +€1,988 | +1.8% |
| Trade debts | 44 | €2,651 | €817 | -€1,833 | -69.2% |
| Suppliers | 440/4 | €2,651 | €817 | -€1,833 | -69.2% |
| Taxes, remuneration and social security | 45 | €14,678 | €7,466 | -€7,212 | -49.1% |
| Taxes | 450/3 | €7,534 | €7,466 | -€68 | -0.9% |
| Remuneration and social security | 454/9 | €7,144 | €0 | -€7,144 | -100% |
| Other amounts payable | 47/48 | €20,886 | €37,481 | +€16,596 | +79.5% |
| Accrued charges and deferred income | 492/3 | €5,833 | €12,038 | +€6,205 | +106% |
| Remuneration, social security and pensions | 62 | €50,904 | €19,721 | -€31,182 | -61.3% |
| Other operating charges | 640/8 | €531 | €1,718 | +€1,187 | +223% |
| Gross operating margin | 9900 | €60,911 | €92,257 | +€31,346 | +51.5% |
| Operating profit (loss) | 9901 | €9,476 | €70,818 | +€61,342 | +647% |
| Financial income | 75/76B | €125,000 | €75,000 | -€50,000 | -40.0% |
| Recurring financial income | 75 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Financial charges | 65/66B | €34,320 | €35,842 | +€1,522 | +4.4% |
| Recurring financial charges | 65 | €34,320 | €35,842 | +€1,522 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €100,157 | €109,976 | +€9,819 | +9.8% |
| Income taxes | 67/77 | €148 | €2,719 | +€2,571 | +1,736% |
| Profit (loss) for the period | 9904 | €100,009 | €107,257 | +€7,248 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,009 | €107,257 | +€7,248 | +7.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.