LOUCKX & PARTNERS: 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.
LOUCKX & PARTNERS
Largest movements
- Cash +€1.5m
up €1.5m (+2,948%), from €49,649 to €1.5m
mainly Net result for the year (+€1.3m) and Investment in fixed assets (net) (+€114,464)
- Tangible fixed assets -€130,995
down €130,995 (-90.5%), from €144,771 to €13,776
of which Land and buildings: -€70,977
- Current investments -€111,809
down €111,809 (-100%), from €111,809 to €0
- Deferred charges and accrued income -€46,887
down €46,887 (-84.3%), from €55,631 to €8,743
- Reserves +€1.3m
up €1.3m (+417%), from €317,583 to €1.6m
- Other debts -€112,530
down €112,530 (-100%), from €112,530 to €0
- Tax, wage and social debts +€58,085
up €58,085 (+162%), from €35,908 to €93,993
of which Taxes: +€90,956
- Debts after one year -€47,383
down €47,383 (-100%), from €47,383 to €0
- Current portion of long-term debt -€38,794
down €38,794 (-66.9%), from €57,955 to €19,161
- Gross operating margin +€1.2m
up €1.2m (+157%), from €773,882 to €2.0m
- Taxes +€356,744
up €356,744 (+353%), from €101,112 to €457,856
- Staff costs -€68,934
down €68,934 (-28.7%), from €240,199 to €171,265
- Financial income +€65,205
up €65,205 (+2,196%), from €2,969 to €68,174
- Depreciation -€36,874
down €36,874 (-69.0%), from €53,405 to €16,531
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 | €602,321 | €1,773,020 | +€1.2m | +194% |
| Fixed assets | 21/28 | €144,771 | €13,776 | -€130,995 | -90.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €144,771 | €13,776 | -€130,995 | -90.5% |
| Land and buildings | 22 | €84,753 | €13,776 | -€70,977 | -83.7% |
| Plant, machinery and equipment | 23 | €2,748 | €0 | -€2,748 | -100% |
| Furniture and vehicles | 24 | €57,270 | €0 | -€57,270 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €457,551 | €1,759,244 | +€1.3m | +284% |
| Amounts receivable within one year | 40/41 | €240,462 | €237,341 | -€3,121 | -1.3% |
| Trade receivables | 40 | €149,425 | €17,660 | -€131,764 | -88.2% |
| Other amounts receivable | 41 | €91,037 | €219,680 | +€128,643 | +141% |
| Current investments | 50/53 | €111,809 | €0 | -€111,809 | -100% |
| Cash at bank and in hand | 54/58 | €49,649 | €1,513,160 | +€1.5m | +2,948% |
| Deferred charges and accrued income | 490/1 | €55,631 | €8,743 | -€46,887 | -84.3% |
| Total equity and liabilities | 10/49 | €602,321 | €1,773,020 | +€1.2m | +194% |
| Equity | 10/15 | €329,983 | €1,653,554 | +€1.3m | +401% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €317,583 | €1,641,154 | +€1.3m | +417% |
| Distributable reserves | 133 | €317,583 | €1,641,154 | +€1.3m | +417% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,339 | €119,466 | -€152,873 | -56.1% |
| Amounts payable after more than one year | 17 | €47,383 | €0 | -€47,383 | -100% |
| Financial debts | 170/4 | €47,383 | €0 | -€47,383 | -100% |
| Amounts payable within one year | 42/48 | €224,955 | €119,466 | -€105,490 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €57,955 | €19,161 | -€38,794 | -66.9% |
| Financial debts | 43 | €6,750 | €5,066 | -€1,684 | -25.0% |
| Credit institutions | 430/8 | €6,750 | €5,066 | -€1,684 | -25.0% |
| Trade debts | 44 | €11,812 | €1,246 | -€10,566 | -89.5% |
| Suppliers | 440/4 | €11,812 | €1,246 | -€10,566 | -89.5% |
| Taxes, remuneration and social security | 45 | €35,908 | €93,993 | +€58,085 | +162% |
| Taxes | 450/3 | €2,855 | €93,811 | +€90,956 | +3,186% |
| Remuneration and social security | 454/9 | €33,053 | €182 | -€32,871 | -99.4% |
| Other amounts payable | 47/48 | €112,530 | €0 | -€112,530 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €74,402 | €1,391,548 | +€1.3m | +1,770% |
| Remuneration, social security and pensions | 62 | €240,199 | €171,265 | -€68,934 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,405 | €16,531 | -€36,874 | -69.0% |
| Other operating charges | 640/8 | €4,267 | €24,798 | +€20,531 | +481% |
| Non-recurring operating charges | 66A | - | €54,982 | +€54,982 | |
| Gross operating margin | 9900 | €773,882 | €1,987,753 | +€1.2m | +157% |
| Operating profit (loss) | 9901 | €476,012 | €1,720,178 | +€1.2m | +261% |
| Financial income | 75/76B | €2,969 | €68,174 | +€65,205 | +2,196% |
| Recurring financial income | 75 | €2,969 | €68,174 | +€65,205 | +2,196% |
| Financial charges | 65/66B | €7,172 | €6,924 | -€249 | -3.5% |
| Recurring financial charges | 65 | €7,172 | €6,924 | -€249 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €471,808 | €1,781,428 | +€1.3m | +278% |
| Income taxes | 67/77 | €101,112 | €457,856 | +€356,744 | +353% |
| Profit (loss) for the period | 9904 | €370,696 | €1,323,571 | +€952,876 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €370,696 | €1,323,571 | +€952,876 | +257% |
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 26 October 2026 via checked.be.