LOUCOR: 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.
LOUCOR
Largest movements
- Tangible fixed assets -€38,558
down €38,558 (-9.5%), from €407,820 to €369,261
of which Other tangible fixed assets: -€27,721
- Receivables within one year -€7,837
down €7,837 (-7.4%), from €106,059 to €98,222
of which Other amounts receivable: -€12,293
- Debts after one year -€61,257
down €61,257 (-43.2%), from €141,640 to €80,383
of which Financial debts: -€61,257
- Trade debts +€12,963
up €12,963 (+11.5%), from €112,460 to €125,423
- Other debts -€10,440
down €10,440 (-10.5%), from €98,987 to €88,547
- Tax, wage and social debts +€8,556
up €8,556 (+19.1%), from €44,799 to €53,355
of which Taxes: +€7,647
- Taxes +€19,100
up €19,100 (+76.4%), from €25,000 to €44,100
- Gross operating margin +€8,804
up €8,804 (+1.5%), from €592,039 to €600,843
- Depreciation -€6,446
down €6,446 (-9.7%), from €66,610 to €60,164
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 | €552,349 | €505,805 | -€46,544 | -8.4% |
| Formation expenses | 20 | €0 | €0 | -€0 | -100% |
| Fixed assets | 21/28 | €407,820 | €369,261 | -€38,558 | -9.5% |
| Tangible fixed assets | 22/27 | €407,820 | €369,261 | -€38,558 | -9.5% |
| Plant, machinery and equipment | 23 | €57,743 | €46,678 | -€11,065 | -19.2% |
| Furniture and vehicles | 24 | - | €227 | +€227 | |
| Other tangible fixed assets | 26 | €350,077 | €322,356 | -€27,721 | -7.9% |
| Current assets | 29/58 | €144,529 | €136,543 | -€7,986 | -5.5% |
| Stocks and contracts in progress | 3 | €17,290 | €16,242 | -€1,048 | -6.1% |
| Stocks | 30/36 | €17,290 | €16,242 | -€1,048 | -6.1% |
| Amounts receivable within one year | 40/41 | €106,059 | €98,222 | -€7,837 | -7.4% |
| Trade receivables | 40 | €32,011 | €36,468 | +€4,457 | +13.9% |
| Other amounts receivable | 41 | €74,047 | €61,754 | -€12,293 | -16.6% |
| Cash at bank and in hand | 54/58 | €12,923 | €15,253 | +€2,329 | +18.0% |
| Deferred charges and accrued income | 490/1 | €8,258 | €6,827 | -€1,431 | -17.3% |
| Total equity and liabilities | 10/49 | €552,349 | €505,805 | -€46,544 | -8.4% |
| Equity | 10/15 | €91,192 | €96,589 | +€5,397 | +5.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,542 | €28,939 | +€5,397 | +22.9% |
| Amounts payable | 17/49 | €461,157 | €409,216 | -€51,942 | -11.3% |
| Amounts payable after more than one year | 17 | €141,640 | €80,383 | -€61,257 | -43.2% |
| Financial debts | 170/4 | €135,640 | €74,383 | -€61,257 | -45.2% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,196 | €328,599 | +€9,403 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €62,950 | €61,274 | -€1,676 | -2.7% |
| Trade debts | 44 | €112,460 | €125,423 | +€12,963 | +11.5% |
| Suppliers | 440/4 | €112,460 | €125,423 | +€12,963 | +11.5% |
| Taxes, remuneration and social security | 45 | €44,799 | €53,355 | +€8,556 | +19.1% |
| Taxes | 450/3 | €162 | €7,809 | +€7,647 | +4,714% |
| Remuneration and social security | 454/9 | €44,637 | €45,545 | +€909 | +2.0% |
| Other amounts payable | 47/48 | €98,987 | €88,547 | -€10,440 | -10.5% |
| Accrued charges and deferred income | 492/3 | €321 | €234 | -€87 | -27.1% |
| Non-recurring operating income | 76A | €28,955 | €8,940 | -€20,015 | -69.1% |
| Remuneration, social security and pensions | 62 | €397,049 | €394,507 | -€2,542 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,610 | €60,164 | -€6,446 | -9.7% |
| Other operating charges | 640/8 | €5,445 | €3,989 | -€1,455 | -26.7% |
| Non-recurring operating charges | 66A | €20,612 | €2,833 | -€17,779 | -86.3% |
| Gross operating margin | 9900 | €592,039 | €600,843 | +€8,804 | +1.5% |
| Operating profit (loss) | 9901 | €102,324 | €139,350 | +€37,026 | +36.2% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €7,101 | €4,892 | -€2,209 | -31.1% |
| Recurring financial charges | 65 | €7,101 | €4,892 | -€2,209 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €95,223 | €134,497 | +€39,274 | +41.2% |
| Income taxes | 67/77 | €25,000 | €44,100 | +€19,100 | +76.4% |
| Profit (loss) for the period | 9904 | €70,223 | €90,397 | +€20,175 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,223 | €90,397 | +€20,175 | +28.7% |
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.