Louder Generation: 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.
Louder Generation
Largest movements
- Tangible fixed assets +€38,330
up €38,330 (+112%), from €34,092 to €72,422
of which Leasing and similar rights: +€31,271
- Receivables within one year +€6,364
up €6,364 (+64.3%), from €9,900 to €16,264
of which Trade receivables: +€6,064
- Cash +€3,956
up €3,956 (+2,301%), from €172 to €4,128
mainly Debts after one year (+€21,183) and Other debts (+€13,679)
- Deferred charges and accrued income +€1,626
up €1,626 (+75.4%), from €2,156 to €3,782
- Debts after one year +€21,183
up €21,183 (+127%), from €16,700 to €37,883
- Other debts +€13,679
up €13,679 (+74.0%), from €18,487 to €32,165
- Profit (loss) carried forward +€9,838
up €9,838, from -€2,965 to €6,873
- Tax, wage and social debts +€3,460
new in 2025: €3,460
- Trade debts +€1,267
up €1,267 (+36.3%), from €3,487 to €4,754
- Gross operating margin +€8,279
up €8,279 (+45.3%), from €18,283 to €26,562
- Depreciation -€5,216
down €5,216 (-45.9%), from €11,359 to €6,144
- Taxes +€3,460
new in 2025: €3,460
- Other operating charges +€2,004
up €2,004 (+213%), from €939 to €2,944
- Financial charges +€759
up €759 (+49.9%), from €1,522 to €2,281
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 | €46,320 | €96,596 | +€50,276 | +109% |
| Fixed assets | 21/28 | €34,092 | €72,422 | +€38,330 | +112% |
| Tangible fixed assets | 22/27 | €34,092 | €72,422 | +€38,330 | +112% |
| Plant, machinery and equipment | 23 | €8,391 | €15,715 | +€7,324 | +87.3% |
| Furniture and vehicles | 24 | €1,075 | €811 | -€264 | -24.6% |
| Leasing and similar rights | 25 | €24,626 | €55,897 | +€31,271 | +127% |
| Current assets | 29/58 | €12,228 | €24,173 | +€11,946 | +97.7% |
| Amounts receivable within one year | 40/41 | €9,900 | €16,264 | +€6,364 | +64.3% |
| Trade receivables | 40 | €7,544 | €13,608 | +€6,064 | +80.4% |
| Other amounts receivable | 41 | €2,356 | €2,656 | +€300 | +12.7% |
| Cash at bank and in hand | 54/58 | €172 | €4,128 | +€3,956 | +2,301% |
| Deferred charges and accrued income | 490/1 | €2,156 | €3,782 | +€1,626 | +75.4% |
| Total equity and liabilities | 10/49 | €46,320 | €96,596 | +€50,276 | +109% |
| Equity | 10/15 | -€965 | €8,873 | +€9,838 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,965 | €6,873 | +€9,838 | |
| Amounts payable | 17/49 | €47,285 | €87,723 | +€40,438 | +85.5% |
| Amounts payable after more than one year | 17 | €16,700 | €37,883 | +€21,183 | +127% |
| Financial debts | 170/4 | €16,700 | €37,883 | +€21,183 | +127% |
| Amounts payable within one year | 42/48 | €30,585 | €49,785 | +€19,200 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €8,612 | €9,406 | +€794 | +9.2% |
| Trade debts | 44 | €3,487 | €4,754 | +€1,267 | +36.3% |
| Suppliers | 440/4 | €3,487 | €4,754 | +€1,267 | +36.3% |
| Taxes, remuneration and social security | 45 | - | €3,460 | +€3,460 | |
| Taxes | 450/3 | - | €3,460 | +€3,460 | |
| Other amounts payable | 47/48 | €18,487 | €32,165 | +€13,679 | +74.0% |
| Accrued charges and deferred income | 492/3 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,359 | €6,144 | -€5,216 | -45.9% |
| Other operating charges | 640/8 | €939 | €2,944 | +€2,004 | +213% |
| Non-recurring operating charges | 66A | - | €1,961 | +€1,961 | |
| Gross operating margin | 9900 | €18,283 | €26,562 | +€8,279 | +45.3% |
| Operating profit (loss) | 9901 | €5,984 | €15,514 | +€9,530 | +159% |
| Financial income | 75/76B | €437 | €65 | -€372 | -85.1% |
| Recurring financial income | 75 | €437 | €65 | -€372 | -85.1% |
| Financial charges | 65/66B | €1,522 | €2,281 | +€759 | +49.9% |
| Recurring financial charges | 65 | €1,522 | €2,281 | +€759 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €4,900 | €13,298 | +€8,398 | +171% |
| Income taxes | 67/77 | - | €3,460 | +€3,460 | |
| Profit (loss) for the period | 9904 | €4,900 | €9,838 | +€4,938 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €4,900 | €9,838 | +€4,938 | +101% |
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.