LOUBERGI: 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.
LOUBERGI
Largest movements
- Tangible fixed assets -€184,960
down €184,960 (-12.0%), from €1.5m to €1.4m
of which Other tangible fixed assets: -€184,409
- Receivables within one year -€62,219
down €62,219 (-95.5%), from €65,136 to €2,917
- Cash +€22,054
up €22,054 (+219.0%), from €10,070 to €32,124
mainly Investment in fixed assets (net) (+€129,078) and Net result for the year (+€67,010)
- Debts after one year -€290,620
down €290,620 (-12.2%), from €2.4m to €2.1m
of which Other amounts payable: -€234,191
- Profit (loss) carried forward +€67,010
up €67,010 (+10.3%), from -€649,796 to -€582,786
- Financial income +€108,796
up €108,796 (+226658.3%), from €48 to €108,844
of which Non-recurring financial income: +€99,121
- Gross operating margin +€38,651
up €38,651 (+212.4%), from €18,199 to €56,850
- Depreciation +€10,515
up €10,515 (+23.2%), from €45,367 to €55,882
- Financial charges +€2,905
up €2,905 (+8.5%), from €34,238 to €37,143
- Other operating charges -€781
down €781 (-12.1%), from €6,440 to €5,659
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 | €2,010,427 | €1,796,551 | -€213,876 | -10.6% |
| Fixed assets | 21/28 | €1,538,126 | €1,353,166 | -€184,960 | -12.0% |
| Tangible fixed assets | 22/27 | €1,538,126 | €1,353,166 | -€184,960 | -12.0% |
| Furniture and vehicles | 24 | €551 | - | -€551 | |
| Other tangible fixed assets | 26 | €1,537,575 | €1,353,166 | -€184,409 | -12.0% |
| Current assets | 29/58 | €472,301 | €443,385 | -€28,916 | -6.1% |
| Amounts receivable within one year | 40/41 | €65,136 | €2,917 | -€62,219 | -95.5% |
| Other amounts receivable | 41 | €65,136 | €2,917 | -€62,219 | -95.5% |
| Current investments | 50/53 | €395,652 | €399,494 | +€3,842 | +1.0% |
| Cash at bank and in hand | 54/58 | €10,070 | €32,124 | +€22,054 | +219.0% |
| Deferred charges and accrued income | 490/1 | €1,443 | €8,850 | +€7,407 | +513.3% |
| Total equity and liabilities | 10/49 | €2,010,427 | €1,796,551 | -€213,876 | -10.6% |
| Equity | 10/15 | -€431,196 | -€364,186 | +€67,010 | +15.5% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,796 | -€582,786 | +€67,010 | +10.3% |
| Amounts payable | 17/49 | €2,441,623 | €2,160,737 | -€280,886 | -11.5% |
| Amounts payable after more than one year | 17 | €2,383,294 | €2,092,674 | -€290,620 | -12.2% |
| Financial debts | 170/4 | €968,700 | €912,271 | -€56,429 | -5.8% |
| Other amounts payable | 178/9 | €1,414,594 | €1,180,403 | -€234,191 | -16.6% |
| Amounts payable within one year | 42/48 | €57,304 | €65,554 | +€8,250 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €54,373 | €56,429 | +€2,056 | +3.8% |
| Trade debts | 44 | €2,931 | €1,505 | -€1,426 | -48.7% |
| Suppliers | 440/4 | €2,931 | €1,505 | -€1,426 | -48.7% |
| Other amounts payable | 47/48 | - | €7,620 | +€7,620 | |
| Accrued charges and deferred income | 492/3 | €1,025 | €2,509 | +€1,484 | +144.8% |
| Non-recurring operating income | 76A | - | €51,954 | +€51,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,367 | €55,882 | +€10,515 | +23.2% |
| Other operating charges | 640/8 | €6,440 | €5,659 | -€781 | -12.1% |
| Gross operating margin | 9900 | €18,199 | €56,850 | +€38,651 | +212.4% |
| Operating profit (loss) | 9901 | -€33,608 | -€4,691 | +€28,917 | +86.0% |
| Financial income | 75/76B | €48 | €108,844 | +€108,796 | +226658.3% |
| Recurring financial income | 75 | €48 | €9,723 | +€9,675 | +20156.3% |
| Non-recurring financial income | 76B | - | €99,121 | +€99,121 | |
| Financial charges | 65/66B | €34,238 | €37,143 | +€2,905 | +8.5% |
| Recurring financial charges | 65 | €34,238 | €37,143 | +€2,905 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€67,798 | €67,010 | +€134,808 | |
| Profit (loss) for the period | 9904 | -€67,798 | €67,010 | +€134,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,798 | €67,010 | +€134,808 |
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.