LOUCLEBAS: 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.
LOUCLEBAS
Largest movements
- Receivables within one year +€24,553
up €24,553 (+149%), from €16,487 to €41,040
of which Trade receivables: +€26,520
- Cash -€20,985
down €20,985 (-71.1%), from €29,500 to €8,515
mainly Receivables within one year (-€24,553) and Debts after one year (-€9,624)
- Tangible fixed assets -€13,268
down €13,268 (-49.2%), from €26,940 to €13,673
- Debts after one year -€9,624
down €9,624 (-46.9%), from €20,505 to €10,881
- Tax, wage and social debts -€8,609
down €8,609 (-34.8%), from €24,765 to €16,157
of which Taxes: -€4,573
- Trade debts +€5,107
up €5,107 (+327%), from €1,560 to €6,667
- Other debts +€1,932
new in 2025: €1,932
- Profit (loss) carried forward +€1,767
new in 2025: €1,767
- Gross operating margin -€19,755
down €19,755 (-45.4%), from €43,469 to €23,714
- Taxes -€4,422
down €4,422 (-41.0%), from €10,786 to €6,364
- Other operating charges -€2,457
down €2,457 (-72.5%), from €3,391 to €934
- Financial charges -€651
down €651 (-32.0%), from €2,031 to €1,380
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 | €73,002 | €63,922 | -€9,081 | -12.4% |
| Fixed assets | 21/28 | €26,996 | €13,728 | -€13,268 | -49.1% |
| Tangible fixed assets | 22/27 | €26,940 | €13,673 | -€13,268 | -49.2% |
| Furniture and vehicles | 24 | €26,940 | €13,673 | -€13,268 | -49.2% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €46,006 | €50,193 | +€4,187 | +9.1% |
| Amounts receivable within one year | 40/41 | €16,487 | €41,040 | +€24,553 | +149% |
| Trade receivables | 40 | €14,520 | €41,040 | +€26,520 | +183% |
| Other amounts receivable | 41 | €1,967 | - | -€1,967 | |
| Cash at bank and in hand | 54/58 | €29,500 | €8,515 | -€20,985 | -71.1% |
| Deferred charges and accrued income | 490/1 | €19 | €638 | +€619 | +3,277% |
| Total equity and liabilities | 10/49 | €73,002 | €63,922 | -€9,081 | -12.4% |
| Equity | 10/15 | €16,893 | €18,660 | +€1,767 | +10.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €14,393 | €14,393 | = | 0.0% |
| Distributable reserves | 133 | €14,393 | €14,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,767 | +€1,767 | |
| Amounts payable | 17/49 | €56,109 | €45,261 | -€10,848 | -19.3% |
| Amounts payable after more than one year | 17 | €20,505 | €10,881 | -€9,624 | -46.9% |
| Financial debts | 170/4 | €20,505 | €10,881 | -€9,624 | -46.9% |
| Amounts payable within one year | 42/48 | €35,563 | €34,380 | -€1,183 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €9,238 | €9,624 | +€387 | +4.2% |
| Trade debts | 44 | €1,560 | €6,667 | +€5,107 | +327% |
| Suppliers | 440/4 | €1,560 | €6,667 | +€5,107 | +327% |
| Taxes, remuneration and social security | 45 | €24,765 | €16,157 | -€8,609 | -34.8% |
| Taxes | 450/3 | €20,729 | €16,157 | -€4,573 | -22.1% |
| Remuneration and social security | 454/9 | €4,036 | - | -€4,036 | |
| Other amounts payable | 47/48 | - | €1,932 | +€1,932 | |
| Accrued charges and deferred income | 492/3 | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,867 | €13,268 | +€401 | +3.1% |
| Other operating charges | 640/8 | €3,391 | €934 | -€2,457 | -72.5% |
| Gross operating margin | 9900 | €43,469 | €23,714 | -€19,755 | -45.4% |
| Operating profit (loss) | 9901 | €27,210 | €9,512 | -€17,699 | -65.0% |
| Financial charges | 65/66B | €2,031 | €1,380 | -€651 | -32.0% |
| Recurring financial charges | 65 | €2,031 | €1,380 | -€651 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €25,179 | €8,131 | -€17,048 | -67.7% |
| Income taxes | 67/77 | €10,786 | €6,364 | -€4,422 | -41.0% |
| Profit (loss) for the period | 9904 | €14,393 | €1,767 | -€12,625 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,393 | €1,767 | -€12,625 | -87.7% |
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 14 October 2026 via checked.be.