Louette: 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.
Louette
Largest movements
- Tangible fixed assets -€39,882
down €39,882 (-11.6%), from €343,275 to €303,393
- Cash -€9,329
down €9,329 (-42.7%), from €21,843 to €12,514
mainly Debts after one year (-€27,680) and Net result for the year (-€16,173)
- Stocks and contracts +€8,311
up €8,311 (+2.7%), from €308,566 to €316,877
- Debts after one year -€27,680
down €27,680 (-20.9%), from €132,168 to €104,488
- Reserves -€16,173
down €16,173 (-23.0%), from €70,168 to €53,995
- Gross operating margin -€6,312
down €6,312 (-15.7%), from €40,121 to €33,809
- Other operating charges -€4,741
down €4,741 (-50.6%), from €9,376 to €4,635
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 | €685,305 | €644,416 | -€40,889 | -6.0% |
| Fixed assets | 21/28 | €347,395 | €305,592 | -€41,804 | -12.0% |
| Intangible fixed assets | 21 | €4,120 | €2,199 | -€1,921 | -46.6% |
| Tangible fixed assets | 22/27 | €343,275 | €303,393 | -€39,882 | -11.6% |
| Land and buildings | 22 | €280,065 | €264,908 | -€15,157 | -5.4% |
| Plant, machinery and equipment | 23 | €52,417 | €36,608 | -€15,809 | -30.2% |
| Furniture and vehicles | 24 | €10,794 | €1,877 | -€8,917 | -82.6% |
| Current assets | 29/58 | €337,909 | €338,824 | +€915 | +0.3% |
| Stocks and contracts in progress | 3 | €308,566 | €316,877 | +€8,311 | +2.7% |
| Stocks | 30/36 | €308,566 | €316,877 | +€8,311 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,181 | €2,026 | -€155 | -7.1% |
| Trade receivables | 40 | €1,034 | €0 | -€1,034 | -100% |
| Other amounts receivable | 41 | €1,148 | €2,026 | +€878 | +76.5% |
| Current investments | 50/53 | €5,162 | €5,162 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,843 | €12,514 | -€9,329 | -42.7% |
| Deferred charges and accrued income | 490/1 | €156 | €2,245 | +€2,089 | +1,336% |
| Total equity and liabilities | 10/49 | €685,305 | €644,416 | -€40,889 | -6.0% |
| Equity | 10/15 | €483,368 | €467,195 | -€16,173 | -3.3% |
| Contributions | 10/11 | €413,200 | €413,200 | = | 0.0% |
| Reserves | 13 | €70,168 | €53,995 | -€16,173 | -23.0% |
| Distributable reserves | 133 | €70,168 | €53,995 | -€16,173 | -23.0% |
| Amounts payable | 17/49 | €201,937 | €177,221 | -€24,716 | -12.2% |
| Amounts payable after more than one year | 17 | €132,168 | €104,488 | -€27,680 | -20.9% |
| Financial debts | 170/4 | €132,168 | €104,488 | -€27,680 | -20.9% |
| Amounts payable within one year | 42/48 | €69,769 | €72,733 | +€2,964 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €27,404 | €27,680 | +€276 | +1.0% |
| Trade debts | 44 | €10,328 | €9,025 | -€1,303 | -12.6% |
| Suppliers | 440/4 | €10,328 | €9,025 | -€1,303 | -12.6% |
| Taxes, remuneration and social security | 45 | €6,013 | €3,250 | -€2,763 | -46.0% |
| Taxes | 450/3 | €4,513 | €1,750 | -€2,763 | -61.2% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €26,024 | €32,777 | +€6,754 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,462 | €41,804 | +€342 | +0.8% |
| Other operating charges | 640/8 | €9,376 | €4,635 | -€4,741 | -50.6% |
| Gross operating margin | 9900 | €40,121 | €33,809 | -€6,312 | -15.7% |
| Operating profit (loss) | 9901 | -€10,716 | -€12,630 | -€1,913 | -17.9% |
| Financial income | 75/76B | €117 | €502 | +€385 | +329% |
| Recurring financial income | 75 | €117 | €502 | +€385 | +329% |
| Financial charges | 65/66B | €3,416 | €3,630 | +€214 | +6.3% |
| Recurring financial charges | 65 | €3,416 | €3,630 | +€214 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,015 | -€15,757 | -€1,742 | -12.4% |
| Income taxes | 67/77 | €370 | €415 | +€45 | +12.1% |
| Profit (loss) for the period | 9904 | -€14,386 | -€16,173 | -€1,787 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,386 | -€16,173 | -€1,787 | -12.4% |
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 15 October 2026 via checked.be.