LOUFS-DELREE: 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.
LOUFS-DELREE
Largest movements
- Receivables within one year +€52,618
up €52,618 (+19.3%), from €272,490 to €325,109
of which Other amounts receivable: +€38,772
- Tangible fixed assets +€46,855
up €46,855 (+14.1%), from €331,828 to €378,683
of which Furniture and vehicles: +€29,881
- Other debts +€133,000
new in 2025: €133,000
- Reserves -€67,000
down €67,000 (-13.6%), from €492,987 to €425,987
of which Distributable reserves: -€67,000
- Tax, wage and social debts +€25,272
up €25,272 (+107%), from €23,612 to €48,884
- Gross operating margin -€11,473
down €11,473 (-8.4%), from €136,763 to €125,291
- Financial income -€5,469
down €5,469 (-84.0%), from €6,513 to €1,044
- Taxes -€5,325
down €5,325 (-11.9%), from €44,652 to €39,327
- Financial charges +€3,571
up €3,571 (+394%), from €907 to €4,478
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 | €833,653 | €925,929 | +€92,276 | +11.1% |
| Fixed assets | 21/28 | €338,902 | €385,757 | +€46,855 | +13.8% |
| Tangible fixed assets | 22/27 | €331,828 | €378,683 | +€46,855 | +14.1% |
| Land and buildings | 22 | €310,745 | €327,718 | +€16,973 | +5.5% |
| Plant, machinery and equipment | 23 | €20,951 | €20,951 | = | 0.0% |
| Furniture and vehicles | 24 | €131 | €30,013 | +€29,881 | +22,751% |
| Financial fixed assets | 28 | €7,075 | €7,075 | = | 0.0% |
| Current assets | 29/58 | €494,750 | €540,171 | +€45,421 | +9.2% |
| Amounts receivable within one year | 40/41 | €272,490 | €325,109 | +€52,618 | +19.3% |
| Trade receivables | 40 | €105,859 | €119,706 | +€13,847 | +13.1% |
| Other amounts receivable | 41 | €166,631 | €205,403 | +€38,772 | +23.3% |
| Cash at bank and in hand | 54/58 | €220,581 | €213,966 | -€6,615 | -3.0% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,097 | -€582 | -34.7% |
| Total equity and liabilities | 10/49 | €833,653 | €925,929 | +€92,276 | +11.1% |
| Equity | 10/15 | €807,098 | €740,522 | -€66,576 | -8.2% |
| Contributions | 10/11 | €186,500 | €186,500 | = | 0.0% |
| Reserves | 13 | €492,987 | €425,987 | -€67,000 | -13.6% |
| Non-distributable reserves | 130/1 | €14,250 | €14,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,250 | €14,250 | = | 0.0% |
| Distributable reserves | 133 | €478,737 | €411,737 | -€67,000 | -14.0% |
| Profit (loss) carried forward | 14 | €127,611 | €128,035 | +€424 | +0.3% |
| Amounts payable | 17/49 | €26,554 | €185,406 | +€158,852 | +598% |
| Amounts payable within one year | 42/48 | €26,554 | €185,406 | +€158,852 | +598% |
| Current portion of amounts payable after more than one year | 42 | €622 | - | -€622 | |
| Trade debts | 44 | €2,321 | €3,523 | +€1,202 | +51.8% |
| Suppliers | 440/4 | €2,321 | €3,523 | +€1,202 | +51.8% |
| Taxes, remuneration and social security | 45 | €23,612 | €48,884 | +€25,272 | +107% |
| Taxes | 450/3 | €23,612 | €48,884 | +€25,272 | +107% |
| Other amounts payable | 47/48 | - | €133,000 | +€133,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,563 | €5,732 | +€169 | +3.0% |
| Other operating charges | 640/8 | €2,657 | €2,894 | +€237 | +8.9% |
| Non-recurring operating charges | 66A | €118 | €480 | +€362 | +306% |
| Gross operating margin | 9900 | €136,763 | €125,291 | -€11,473 | -8.4% |
| Operating profit (loss) | 9901 | €128,426 | €116,185 | -€12,241 | -9.5% |
| Financial income | 75/76B | €6,513 | €1,044 | -€5,469 | -84.0% |
| Recurring financial income | 75 | €6,513 | €1,044 | -€5,469 | -84.0% |
| Financial charges | 65/66B | €907 | €4,478 | +€3,571 | +394% |
| Recurring financial charges | 65 | €907 | €4,478 | +€3,571 | +394% |
| Profit (loss) for the period before taxes | 9903 | €134,031 | €112,751 | -€21,281 | -15.9% |
| Income taxes | 67/77 | €44,652 | €39,327 | -€5,325 | -11.9% |
| Profit (loss) for the period | 9904 | €89,379 | €73,424 | -€15,955 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,379 | €73,424 | -€15,955 | -17.9% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.