LOUCHEBEM: 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.
LOUCHEBEM
Largest movements
- Cash -€15,745
down €15,745 (-73.1%), from €21,550 to €5,805
mainly Net result for the year (-€6,468) and Trade debts (-€5,221)
- Tangible fixed assets -€4,389
down €4,389 (-52.9%), from €8,301 to €3,912
- Receivables within one year +€1,075
up €1,075 (+3.4%), from €31,909 to €32,984
of which Trade receivables: +€2,962
- Profit (loss) carried forward -€9,468
down €9,468 (-37.6%), from €25,177 to €15,710
- Trade debts -€5,221
down €5,221 (-50.1%), from €10,411 to €5,190
- Tax, wage and social debts -€1,822
down €1,822 (-9.3%), from €19,526 to €17,704
of which Remuneration and social security: -€993
- Current portion of long-term debt -€1,445
no longer reported in 2025 (was €1,445)
- Other debts -€876
down €876 (-15.2%), from €5,760 to €4,884
- Gross operating margin -€7,910
down €7,910 (-19.5%), from €40,526 to €32,615
- Staff costs +€5,958
up €5,958 (+20.9%), from €28,530 to €34,487
- Taxes -€2,230
no longer reported in 2025 (was €2,230)
- Depreciation +€746
up €746 (+20.5%), from €3,643 to €4,389
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.
Derived cash bridge
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 | €63,319 | €44,488 | -€18,831 | -29.7% |
| Fixed assets | 21/28 | €8,301 | €3,912 | -€4,389 | -52.9% |
| Tangible fixed assets | 22/27 | €8,301 | €3,912 | -€4,389 | -52.9% |
| Furniture and vehicles | 24 | €8,301 | €3,912 | -€4,389 | -52.9% |
| Current assets | 29/58 | €55,018 | €40,576 | -€14,442 | -26.2% |
| Amounts receivable within one year | 40/41 | €31,909 | €32,984 | +€1,075 | +3.4% |
| Trade receivables | 40 | €26,521 | €29,484 | +€2,962 | +11.2% |
| Other amounts receivable | 41 | €5,388 | €3,500 | -€1,888 | -35.0% |
| Cash at bank and in hand | 54/58 | €21,550 | €5,805 | -€15,745 | -73.1% |
| Deferred charges and accrued income | 490/1 | €1,559 | €1,787 | +€228 | +14.6% |
| Total equity and liabilities | 10/49 | €63,319 | €44,488 | -€18,831 | -29.7% |
| Equity | 10/15 | €26,177 | €16,710 | -€9,468 | -36.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,177 | €15,710 | -€9,468 | -37.6% |
| Amounts payable | 17/49 | €37,142 | €27,778 | -€9,363 | -25.2% |
| Amounts payable within one year | 42/48 | €37,142 | €27,778 | -€9,363 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €1,445 | - | -€1,445 | |
| Trade debts | 44 | €10,411 | €5,190 | -€5,221 | -50.1% |
| Suppliers | 440/4 | €10,411 | €5,190 | -€5,221 | -50.1% |
| Taxes, remuneration and social security | 45 | €19,526 | €17,704 | -€1,822 | -9.3% |
| Taxes | 450/3 | €9,272 | €8,443 | -€829 | -8.9% |
| Remuneration and social security | 454/9 | €10,254 | €9,261 | -€993 | -9.7% |
| Other amounts payable | 47/48 | €5,760 | €4,884 | -€876 | -15.2% |
| Remuneration, social security and pensions | 62 | €28,530 | €34,487 | +€5,958 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €4,389 | +€746 | +20.5% |
| Other operating charges | 640/8 | €5 | €54 | +€49 | +965% |
| Gross operating margin | 9900 | €40,526 | €32,615 | -€7,910 | -19.5% |
| Operating profit (loss) | 9901 | €8,348 | -€6,315 | -€14,663 | |
| Financial income | 75/76B | €64 | €461 | +€397 | +619% |
| Recurring financial income | 75 | €64 | €461 | +€397 | +619% |
| Financial charges | 65/66B | €390 | €613 | +€224 | +57.4% |
| Recurring financial charges | 65 | €390 | €613 | +€224 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €8,022 | -€6,468 | -€14,490 | |
| Income taxes | 67/77 | €2,230 | - | -€2,230 | |
| Profit (loss) for the period | 9904 | €5,792 | -€6,468 | -€12,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,792 | -€6,468 | -€12,259 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.