LOUFAMI: 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.
What changed
LOUFAMI
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€56,937
2024 · -€31,607-€25,330
Equity
€133,846
2024 · €190,783-€56,937
Cash
€2,729
2024 · €2,448+€282
Balance sheet total
€728,656
2024 · €744,106-€15,450
Largest movements
Assets
- Tangible fixed assets -€16,733
down €16,733 (-5.4%), from €308,832 to €292,100
of which Land and buildings: -€10,547
Equity and liabilities
- Profit (loss) carried forward -€55,098
down €55,098 (-63.9%), from -€86,168 to -€141,265
- Current portion of long-term debt +€50,241
up €50,241 (+895.6%), from €5,610 to €55,851
Income statement
- Gross operating margin -€25,244
down €25,244 (-386.6%), from -€6,530 to -€31,775
- Other operating charges -€1,336
down €1,336 (-34.9%), from €3,827 to €2,491
- Taxes +€1,054
up €1,054 (+465.5%), from €226 to €1,281
- Financial charges +€675
up €675 (+9.4%), from €7,186 to €7,861
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.
Result 2024
-€31,607
Gross operating margin
-€25,244
Depreciation
+€310
Other operating charges
+€1,336
Financial income
-€2
Financial charges
-€675
Taxes
-€1,054
Result 2025
-€56,937
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.
From operations
-€46,697
Investment
+€2,589
Financing
+€44,390
Cash 2024
€2,448
From operations (derived)
-€46,697
Net result for the year
-€56,937
Depreciation
+€14,144
Deferred charges and accrued income
-€1,001
Provisions
-€613
Trade debts
-€6,421
Smaller working-capital items
-€58
Other debts
+€4,190
Investment (derived)
+€2,589
Investment in fixed assets (net)
+€2,589
Financing
+€44,390
Debts after one year
-€5,851
Current portion of long-term debt
+€50,241
Cash 2025
€2,729
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €744,106 | €728,656 | -€15,450 | -2.1% |
| Fixed assets | 21/28 | €308,832 | €292,100 | -€16,733 | -5.4% |
| Tangible fixed assets | 22/27 | €308,832 | €292,100 | -€16,733 | -5.4% |
| Land and buildings | 22 | €277,782 | €267,236 | -€10,547 | -3.8% |
| Furniture and vehicles | 24 | €61 | - | -€61 | |
| Other tangible fixed assets | 26 | €28,400 | €24,864 | -€3,536 | -12.5% |
| Assets under construction and advance payments | 27 | €2,589 | - | -€2,589 | |
| Current assets | 29/58 | €435,274 | €436,557 | +€1,283 | +0.3% |
| Stocks and contracts in progress | 3 | €429,055 | €429,055 | = | 0.0% |
| Stocks | 30/36 | €429,055 | €429,055 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,448 | €2,729 | +€282 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,771 | €4,772 | +€1,001 | +26.5% |
| Total equity and liabilities | 10/49 | €744,106 | €728,656 | -€15,450 | -2.1% |
| Equity | 10/15 | €190,783 | €133,846 | -€56,937 | -29.8% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €56,951 | €55,111 | -€1,840 | -3.2% |
| Tax-exempt reserves | 132 | €56,951 | €55,111 | -€1,840 | -3.2% |
| Profit (loss) carried forward | 14 | -€86,168 | -€141,265 | -€55,098 | -63.9% |
| Provisions and deferred taxes | 16 | €12,984 | €12,370 | -€613 | -4.7% |
| Deferred taxes | 168 | €12,984 | €12,370 | -€613 | -4.7% |
| Amounts payable | 17/49 | €540,339 | €582,440 | +€42,101 | +7.8% |
| Amounts payable after more than one year | 17 | €145,122 | €139,272 | -€5,851 | -4.0% |
| Financial debts | 170/4 | €145,122 | €139,272 | -€5,851 | -4.0% |
| Amounts payable within one year | 42/48 | €394,212 | €442,164 | +€47,952 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,610 | €55,851 | +€50,241 | +895.6% |
| Trade debts | 44 | €7,364 | €943 | -€6,421 | -87.2% |
| Suppliers | 440/4 | €7,364 | €943 | -€6,421 | -87.2% |
| Taxes, remuneration and social security | 45 | €406 | €349 | -€58 | -14.2% |
| Taxes | 450/3 | €406 | €349 | -€58 | -14.2% |
| Other amounts payable | 47/48 | €380,832 | €385,022 | +€4,190 | +1.1% |
| Accrued charges and deferred income | 492/3 | €1,005 | €1,004 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,453 | €14,144 | -€310 | -2.1% |
| Other operating charges | 640/8 | €3,827 | €2,491 | -€1,336 | -34.9% |
| Gross operating margin | 9900 | -€6,530 | -€31,775 | -€25,244 | -386.6% |
| Operating profit (loss) | 9901 | -€24,811 | -€48,409 | -€23,599 | -95.1% |
| Financial income | 75/76B | €3 | €0 | -€2 | -92.2% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -92.2% |
| Financial charges | 65/66B | €7,186 | €7,861 | +€675 | +9.4% |
| Recurring financial charges | 65 | €7,186 | €7,861 | +€675 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,994 | -€56,270 | -€24,276 | -75.9% |
| Transfer from deferred taxes | 780 | €613 | €613 | = | 0.0% |
| Income taxes | 67/77 | €226 | €1,281 | +€1,054 | +465.5% |
| Profit (loss) for the period | 9904 | -€31,607 | -€56,937 | -€25,330 | -80.1% |
| Transfer from tax-exempt reserves | 789 | €1,840 | €1,840 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,768 | -€55,098 | -€25,330 | -85.1% |
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 4 October 2026 via checked.be.