LOUDEMAR: what changed
Two fiscal 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.
LOUDEMAR
Largest movements
- Cash -€55,807
down €55,807 (-66.2%), from €84,346 to €28,539
mainly Other debts (-€77,406) and Debts after one year (-€10,706)
- Tangible fixed assets -€12,511
down €12,511 (-23.2%), from €53,957 to €41,446
of which Furniture and vehicles: -€12,292
- Receivables within one year -€8,587
down €8,587 (-48.5%), from €17,702 to €9,115
of which Trade receivables: -€10,135
- Other debts -€77,406
down €77,406 (-96.4%), from €80,334 to €2,928
- Reserves +€12,595
up €12,595 (+62.7%), from €20,102 to €32,697
- Debts after one year -€10,706
down €10,706 (-28.7%), from €37,248 to €26,542
- Gross operating margin -€5,985
down €5,985 (-16.2%), from €37,036 to €31,050
- Depreciation +€3,420
up €3,420 (+37.6%), from €9,092 to €12,511
- Taxes -€1,899
down €1,899 (-35.5%), from €5,351 to €3,452
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 | €156,485 | €79,601 | -€76,884 | -49.1% |
| Fixed assets | 21/28 | €53,957 | €41,446 | -€12,511 | -23.2% |
| Tangible fixed assets | 22/27 | €53,957 | €41,446 | -€12,511 | -23.2% |
| Plant, machinery and equipment | 23 | €2,054 | €1,834 | -€219 | -10.7% |
| Furniture and vehicles | 24 | €51,903 | €39,611 | -€12,292 | -23.7% |
| Current assets | 29/58 | €102,528 | €38,155 | -€64,373 | -62.8% |
| Stocks and contracts in progress | 3 | €43 | €28 | -€14 | -33.3% |
| Stocks | 30/36 | €43 | €28 | -€14 | -33.3% |
| Amounts receivable within one year | 40/41 | €17,702 | €9,115 | -€8,587 | -48.5% |
| Trade receivables | 40 | €17,702 | €7,567 | -€10,135 | -57.3% |
| Other amounts receivable | 41 | - | €1,548 | +€1,548 | |
| Cash at bank and in hand | 54/58 | €84,346 | €28,539 | -€55,807 | -66.2% |
| Deferred charges and accrued income | 490/1 | €437 | €472 | +€35 | +8.0% |
| Total equity and liabilities | 10/49 | €156,485 | €79,601 | -€76,884 | -49.1% |
| Equity | 10/15 | €22,102 | €34,697 | +€12,595 | +57.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,102 | €32,697 | +€12,595 | +62.7% |
| Distributable reserves | 133 | €20,102 | €32,697 | +€12,595 | +62.7% |
| Amounts payable | 17/49 | €134,383 | €44,904 | -€89,479 | -66.6% |
| Amounts payable after more than one year | 17 | €37,248 | €26,542 | -€10,706 | -28.7% |
| Financial debts | 170/4 | €37,248 | €26,542 | -€10,706 | -28.7% |
| Amounts payable within one year | 42/48 | €97,135 | €18,362 | -€78,773 | -81.1% |
| Current portion of amounts payable after more than one year | 42 | €10,325 | €10,706 | +€381 | +3.7% |
| Trade debts | 44 | €285 | €5 | -€280 | -98.3% |
| Suppliers | 440/4 | €285 | €5 | -€280 | -98.3% |
| Taxes, remuneration and social security | 45 | €6,191 | €4,723 | -€1,468 | -23.7% |
| Taxes | 450/3 | €6,191 | €4,723 | -€1,468 | -23.7% |
| Other amounts payable | 47/48 | €80,334 | €2,928 | -€77,406 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,092 | €12,511 | +€3,420 | +37.6% |
| Other operating charges | 640/8 | €1,084 | €847 | -€237 | -21.9% |
| Gross operating margin | 9900 | €37,036 | €31,050 | -€5,985 | -16.2% |
| Operating profit (loss) | 9901 | €26,860 | €17,692 | -€9,168 | -34.1% |
| Financial charges | 65/66B | €1,407 | €1,646 | +€239 | +17.0% |
| Recurring financial charges | 65 | €1,407 | €1,646 | +€239 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €25,453 | €16,047 | -€9,407 | -37.0% |
| Income taxes | 67/77 | €5,351 | €3,452 | -€1,899 | -35.5% |
| Profit (loss) for the period | 9904 | €20,102 | €12,595 | -€7,508 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,102 | €12,595 | -€7,508 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.