Louest: 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.
Louest
Largest movements
- Cash +€27,490
up €27,490 (+423.7%), from €6,489 to €33,979
mainly Net result for the year (+€21,437) and Other debts (+€16,368)
- Receivables within one year +€23,888
up €23,888 (+189.1%), from €12,634 to €36,522
- Stocks and contracts -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
- Tangible fixed assets +€2,205
up €2,205 (+87.8%), from €2,511 to €4,716
of which Plant, machinery and equipment: +€2,256
- Profit (loss) carried forward +€21,437
up €21,437, from -€5,920 to €15,517
- Other debts +€16,368
up €16,368 (+37.8%), from €43,353 to €59,721
- Tax, wage and social debts +€8,625
up €8,625 (+224.1%), from €3,848 to €12,473
- Trade debts +€2,153
up €2,153 (+609.8%), from €353 to €2,506
- Gross operating margin +€29,719
up €29,719, from -€2,090 to €27,628
- Taxes +€5,263
new in 2025: €5,263
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 | €51,634 | €100,217 | +€48,583 | +94.1% |
| Fixed assets | 21/28 | €2,511 | €4,716 | +€2,205 | +87.8% |
| Tangible fixed assets | 22/27 | €2,511 | €4,716 | +€2,205 | +87.8% |
| Plant, machinery and equipment | 23 | - | €2,256 | +€2,256 | |
| Furniture and vehicles | 24 | €2,511 | €2,460 | -€51 | -2.0% |
| Current assets | 29/58 | €49,122 | €95,500 | +€46,378 | +94.4% |
| Stocks and contracts in progress | 3 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Contracts in progress | 37 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €12,634 | €36,522 | +€23,888 | +189.1% |
| Trade receivables | 40 | €12,634 | €36,522 | +€23,888 | +189.1% |
| Cash at bank and in hand | 54/58 | €6,489 | €33,979 | +€27,490 | +423.7% |
| Total equity and liabilities | 10/49 | €51,634 | €100,217 | +€48,583 | +94.1% |
| Equity | 10/15 | €4,080 | €25,517 | +€21,437 | +525.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,920 | €15,517 | +€21,437 | |
| Amounts payable | 17/49 | €47,554 | €74,700 | +€27,146 | +57.1% |
| Amounts payable within one year | 42/48 | €47,554 | €74,700 | +€27,146 | +57.1% |
| Trade debts | 44 | €353 | €2,506 | +€2,153 | +609.8% |
| Suppliers | 440/4 | €353 | €2,506 | +€2,153 | +609.8% |
| Taxes, remuneration and social security | 45 | €3,848 | €12,473 | +€8,625 | +224.1% |
| Taxes | 450/3 | €3,848 | €12,473 | +€8,625 | +224.1% |
| Other amounts payable | 47/48 | €43,353 | €59,721 | +€16,368 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €733 | +€92 | +14.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€2,090 | €27,628 | +€29,719 | |
| Operating profit (loss) | 9901 | -€2,849 | €26,775 | +€29,625 | |
| Financial charges | 65/66B | €35 | €75 | +€40 | +114.4% |
| Recurring financial charges | 65 | €35 | €75 | +€40 | +114.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,884 | €26,700 | +€29,585 | |
| Income taxes | 67/77 | - | €5,263 | +€5,263 | |
| Profit (loss) for the period | 9904 | -€2,884 | €21,437 | +€24,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,884 | €21,437 | +€24,321 |
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 6 October 2026 via checked.be.