LOUBAAS: 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.
LOUBAAS
Largest movements
- Cash +€28,950
up €28,950 (+65.5%), from €44,225 to €73,175
mainly Net result for the year (+€15,525) and Receivables within one year (+€9,017)
- Receivables within one year -€9,017
down €9,017 (-95.5%), from €9,438 to €421
of which Trade receivables: -€9,438
- Tangible fixed assets -€7,416
down €7,416 (-37.3%), from €19,858 to €12,442
of which Leasing and similar rights: -€6,307
- Reserves +€15,525
up €15,525 (+32.9%), from €47,208 to €62,734
- Debts after one year -€4,524
down €4,524 (-51.2%), from €8,830 to €4,307
- Other debts +€1,446
up €1,446 (+108.4%), from €1,335 to €2,781
- Gross operating margin +€2,106
up €2,106 (+7.8%), from €26,926 to €29,031
- Taxes -€1,340
down €1,340 (-22.6%), from €5,919 to €4,579
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 | €73,798 | €86,322 | +€12,523 | +17.0% |
| Fixed assets | 21/28 | €19,858 | €12,442 | -€7,416 | -37.3% |
| Tangible fixed assets | 22/27 | €19,858 | €12,442 | -€7,416 | -37.3% |
| Furniture and vehicles | 24 | €1,109 | €0 | -€1,109 | -100.0% |
| Leasing and similar rights | 25 | €18,750 | €12,442 | -€6,307 | -33.6% |
| Current assets | 29/58 | €53,940 | €73,879 | +€19,940 | +37.0% |
| Amounts receivable within one year | 40/41 | €9,438 | €421 | -€9,017 | -95.5% |
| Trade receivables | 40 | €9,438 | - | -€9,438 | |
| Other amounts receivable | 41 | - | €421 | +€421 | |
| Cash at bank and in hand | 54/58 | €44,225 | €73,175 | +€28,950 | +65.5% |
| Deferred charges and accrued income | 490/1 | €277 | €283 | +€7 | +2.4% |
| Total equity and liabilities | 10/49 | €73,798 | €86,322 | +€12,523 | +17.0% |
| Equity | 10/15 | €49,208 | €64,734 | +€15,525 | +31.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,208 | €62,734 | +€15,525 | +32.9% |
| Distributable reserves | 133 | €47,208 | €62,734 | +€15,525 | +32.9% |
| Amounts payable | 17/49 | €24,590 | €21,588 | -€3,002 | -12.2% |
| Amounts payable after more than one year | 17 | €8,830 | €4,307 | -€4,524 | -51.2% |
| Financial debts | 170/4 | €8,830 | €4,307 | -€4,524 | -51.2% |
| Amounts payable within one year | 42/48 | €15,759 | €17,281 | +€1,522 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €4,349 | €4,524 | +€174 | +4.0% |
| Trade debts | 44 | €463 | €167 | -€296 | -63.9% |
| Suppliers | 440/4 | €463 | €167 | -€296 | -63.9% |
| Taxes, remuneration and social security | 45 | €9,612 | €9,809 | +€197 | +2.1% |
| Taxes | 450/3 | €9,612 | €9,809 | +€197 | +2.1% |
| Other amounts payable | 47/48 | €1,335 | €2,781 | +€1,446 | +108.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,519 | €7,416 | -€103 | -1.4% |
| Other operating charges | 640/8 | €836 | €1,070 | +€234 | +28.0% |
| Gross operating margin | 9900 | €26,926 | €29,031 | +€2,106 | +7.8% |
| Operating profit (loss) | 9901 | €18,570 | €20,545 | +€1,974 | +10.6% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €665 | €521 | -€145 | -21.8% |
| Recurring financial charges | 65 | €665 | €521 | -€145 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €17,905 | €20,104 | +€2,199 | +12.3% |
| Income taxes | 67/77 | €5,919 | €4,579 | -€1,340 | -22.6% |
| Profit (loss) for the period | 9904 | €11,987 | €15,525 | +€3,539 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,987 | €15,525 | +€3,539 | +29.5% |
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 5 October 2026 via checked.be.