LOUAX: 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.
LOUAX
Largest movements
- Cash +€4,609
up €4,609 (+97.7%), from €4,719 to €9,328
mainly Net result for the year (+€17,735) and Tax, wage and social debts (+€2,490)
- Tangible fixed assets +€4,321
up €4,321 (+152.6%), from €2,832 to €7,153
of which Plant, machinery and equipment: +€5,847
- Receivables within one year +€3,480
up €3,480 (+5.8%), from €59,575 to €63,055
of which Other amounts receivable: +€3,480
- Reserves +€17,735
up €17,735 (+51.7%), from €34,302 to €52,037
of which Distributable reserves: +€17,735
- Debts after one year -€7,125
down €7,125 (-100.0%), from €7,125 to €0
- Tax, wage and social debts +€2,490
up €2,490 (+23.1%), from €10,786 to €13,276
- Current portion of long-term debt -€1,523
down €1,523 (-17.6%), from €8,648 to €7,125
- Trade debts +€1,177
up €1,177 (+139.4%), from €844 to €2,021
- Gross operating margin +€13,134
up €13,134 (+80.4%), from €16,336 to €29,471
- Taxes +€3,889
up €3,889 (+91.7%), from €4,243 to €8,132
- Financial charges -€1,863
down €1,863 (-64.1%), from €2,905 to €1,042
- Depreciation -€1,369
down €1,369 (-39.4%), from €3,474 to €2,104
- Financial income +€322
up €322 (+61.4%), from €524 to €846
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 | €67,906 | €80,660 | +€12,754 | +18.8% |
| Fixed assets | 21/28 | €2,832 | €7,153 | +€4,321 | +152.6% |
| Tangible fixed assets | 22/27 | €2,832 | €7,153 | +€4,321 | +152.6% |
| Plant, machinery and equipment | 23 | - | €5,847 | +€5,847 | |
| Furniture and vehicles | 24 | €2,832 | €1,306 | -€1,526 | -53.9% |
| Current assets | 29/58 | €65,074 | €73,507 | +€8,433 | +13.0% |
| Amounts receivable within one year | 40/41 | €59,575 | €63,055 | +€3,480 | +5.8% |
| Trade receivables | 40 | €29,332 | €29,332 | = | 0.0% |
| Other amounts receivable | 41 | €30,243 | €33,723 | +€3,480 | +11.5% |
| Cash at bank and in hand | 54/58 | €4,719 | €9,328 | +€4,609 | +97.7% |
| Deferred charges and accrued income | 490/1 | €780 | €1,124 | +€344 | +44.0% |
| Total equity and liabilities | 10/49 | €67,906 | €80,660 | +€12,754 | +18.8% |
| Equity | 10/15 | €40,502 | €58,237 | +€17,735 | +43.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,302 | €52,037 | +€17,735 | +51.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,302 | €52,037 | +€17,735 | +51.7% |
| Amounts payable | 17/49 | €27,404 | €22,422 | -€4,981 | -18.2% |
| Amounts payable after more than one year | 17 | €7,125 | €0 | -€7,125 | -100.0% |
| Financial debts | 170/4 | €7,125 | €0 | -€7,125 | -100.0% |
| Amounts payable within one year | 42/48 | €20,279 | €22,422 | +€2,144 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €8,648 | €7,125 | -€1,523 | -17.6% |
| Trade debts | 44 | €844 | €2,021 | +€1,177 | +139.4% |
| Suppliers | 440/4 | €844 | €2,021 | +€1,177 | +139.4% |
| Taxes, remuneration and social security | 45 | €10,786 | €13,276 | +€2,490 | +23.1% |
| Taxes | 450/3 | €10,786 | €13,276 | +€2,490 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474 | €2,104 | -€1,369 | -39.4% |
| Other operating charges | 640/8 | €1,624 | €1,302 | -€322 | -19.8% |
| Gross operating margin | 9900 | €16,336 | €29,471 | +€13,134 | +80.4% |
| Operating profit (loss) | 9901 | €11,239 | €26,064 | +€14,826 | +131.9% |
| Financial income | 75/76B | €524 | €846 | +€322 | +61.4% |
| Recurring financial income | 75 | €524 | €846 | +€322 | +61.4% |
| Financial charges | 65/66B | €2,905 | €1,042 | -€1,863 | -64.1% |
| Recurring financial charges | 65 | €2,905 | €1,042 | -€1,863 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €8,858 | €25,868 | +€17,010 | +192.0% |
| Income taxes | 67/77 | €4,243 | €8,132 | +€3,889 | +91.7% |
| Profit (loss) for the period | 9904 | €4,614 | €17,735 | +€13,121 | +284.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,614 | €17,735 | +€13,121 | +284.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.