LOUBO: what changed
Two financial 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.
LOUBO
Largest movements
- Tangible fixed assets +€52,783
up €52,783 (+21.5%), from €245,176 to €297,959
of which Plant, machinery and equipment: +€50,404
- Receivables within one year -€12,040
down €12,040 (-14.0%), from €86,153 to €74,113
of which Trade receivables: -€10,977
- Financial fixed assets +€8,000
up €8,000 (+115.9%), from €6,902 to €14,902
- Cash -€4,698
down €4,698 (-26.5%), from €17,735 to €13,037
mainly Investment in fixed assets (net) (-€119,034) and Net result for the year (-€28,871)
- Profit (loss) carried forward -€28,871
down €28,871 (-51.0%), from €56,555 to €27,684
- Debts after one year +€25,292
up €25,292 (+22.4%), from €113,006 to €138,298
- Tax, wage and social debts +€23,132
up €23,132 (+112.1%), from €20,636 to €43,768
- Current portion of long-term debt +€13,336
up €13,336 (+65.3%), from €20,431 to €33,767
- Trade debts +€7,404
up €7,404 (+5.0%), from €148,957 to €156,361
- Staff costs +€52,032
up €52,032 (+21.5%), from €242,204 to €294,236
- Gross operating margin +€26,298
up €26,298 (+7.8%), from €338,616 to €364,913
- Depreciation +€16,456
up €16,456 (+39.4%), from €41,795 to €58,252
- Other operating charges -€6,533
down €6,533 (-35.4%), from €18,446 to €11,913
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 | €381,038 | €421,288 | +€40,250 | +10.6% |
| Fixed assets | 21/28 | €252,078 | €312,861 | +€60,783 | +24.1% |
| Tangible fixed assets | 22/27 | €245,176 | €297,959 | +€52,783 | +21.5% |
| Plant, machinery and equipment | 23 | €158,916 | €209,320 | +€50,404 | +31.7% |
| Furniture and vehicles | 24 | €82,210 | €85,856 | +€3,646 | +4.4% |
| Other tangible fixed assets | 26 | €4,049 | €2,782 | -€1,267 | -31.3% |
| Financial fixed assets | 28 | €6,902 | €14,902 | +€8,000 | +115.9% |
| Current assets | 29/58 | €128,961 | €108,427 | -€20,533 | -15.9% |
| Stocks and contracts in progress | 3 | €22,803 | €21,278 | -€1,526 | -6.7% |
| Stocks | 30/36 | €22,803 | €21,278 | -€1,526 | -6.7% |
| Amounts receivable within one year | 40/41 | €86,153 | €74,113 | -€12,040 | -14.0% |
| Trade receivables | 40 | €25,392 | €14,415 | -€10,977 | -43.2% |
| Other amounts receivable | 41 | €60,761 | €59,698 | -€1,063 | -1.7% |
| Cash at bank and in hand | 54/58 | €17,735 | €13,037 | -€4,698 | -26.5% |
| Deferred charges and accrued income | 490/1 | €2,270 | - | -€2,270 | |
| Total equity and liabilities | 10/49 | €381,038 | €421,288 | +€40,250 | +10.6% |
| Equity | 10/15 | €77,015 | €48,144 | -€28,871 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,555 | €27,684 | -€28,871 | -51.0% |
| Amounts payable | 17/49 | €304,023 | €373,144 | +€69,121 | +22.7% |
| Amounts payable after more than one year | 17 | €113,006 | €138,298 | +€25,292 | +22.4% |
| Financial debts | 170/4 | €113,006 | €138,298 | +€25,292 | +22.4% |
| Amounts payable within one year | 42/48 | €191,017 | €234,846 | +€43,829 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €20,431 | €33,767 | +€13,336 | +65.3% |
| Trade debts | 44 | €148,957 | €156,361 | +€7,404 | +5.0% |
| Suppliers | 440/4 | €148,957 | €156,361 | +€7,404 | +5.0% |
| Taxes, remuneration and social security | 45 | €20,636 | €43,768 | +€23,132 | +112.1% |
| Taxes | 450/3 | €20,636 | €43,768 | +€23,132 | +112.1% |
| Other amounts payable | 47/48 | €993 | €950 | -€43 | -4.3% |
| Remuneration, social security and pensions | 62 | €242,204 | €294,236 | +€52,032 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,795 | €58,252 | +€16,456 | +39.4% |
| Other operating charges | 640/8 | €18,446 | €11,913 | -€6,533 | -35.4% |
| Non-recurring operating charges | 66A | - | €5,662 | +€5,662 | |
| Gross operating margin | 9900 | €338,616 | €364,913 | +€26,298 | +7.8% |
| Operating profit (loss) | 9901 | €36,171 | -€5,150 | -€41,321 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.8% |
| Financial charges | 65/66B | €27,210 | €23,722 | -€3,489 | -12.8% |
| Recurring financial charges | 65 | €27,210 | €23,722 | -€3,489 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €8,964 | -€28,871 | -€37,835 | |
| Income taxes | 67/77 | €328 | - | -€328 | |
| Profit (loss) for the period | 9904 | €8,636 | -€28,871 | -€37,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,636 | -€28,871 | -€37,507 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.