LOUH: 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.
LOUH
Largest movements
- Receivables within one year +€450,791
new in 2025: €450,791
of which Trade receivables: +€447,431
- Stocks and contracts +€30,165
up €30,165 (+8.3%), from €363,680 to €393,845
- Cash -€9,244
down €9,244 (-22.6%), from €40,898 to €31,654
mainly Receivables within one year (-€450,791) and Contributions, distributions and other (-€123,155)
- Advances received +€289,568
new in 2025: €289,568
- Trade debts +€176,609
up €176,609 (+10208.9%), from €1,730 to €178,339
- Other debts +€122,527
up €122,527 (+42.2%), from €290,253 to €412,780
- Profit (loss) carried forward -€105,247
no longer reported in 2025 (was €105,247)
- Tax, wage and social debts -€16,540
down €16,540 (-77.5%), from €21,334 to €4,795
- Gross operating margin -€10,808
down €10,808 (-28.0%), from €38,640 to €27,832
- Financial income +€4,434
up €4,434 (+692865.6%), from €1 to €4,435
- Taxes -€2,608
down €2,608 (-30.5%), from €8,564 to €5,956
- Other operating charges +€921
up €921 (+1352.4%), from €68 to €989
- Financial charges +€541
up €541 (+24.6%), from €2,202 to €2,744
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 | €421,564 | €888,482 | +€466,918 | +110.8% |
| Fixed assets | 21/28 | €15,302 | €10,632 | -€4,670 | -30.5% |
| Intangible fixed assets | 21 | €1,113 | €810 | -€303 | -27.2% |
| Tangible fixed assets | 22/27 | €14,189 | €9,822 | -€4,367 | -30.8% |
| Plant, machinery and equipment | 23 | €5,102 | €3,055 | -€2,047 | -40.1% |
| Furniture and vehicles | 24 | €9,087 | €6,767 | -€2,320 | -25.5% |
| Current assets | 29/58 | €406,262 | €877,850 | +€471,588 | +116.1% |
| Stocks and contracts in progress | 3 | €363,680 | €393,845 | +€30,165 | +8.3% |
| Stocks | 30/36 | €363,680 | €393,845 | +€30,165 | +8.3% |
| Amounts receivable within one year | 40/41 | - | €450,791 | +€450,791 | |
| Trade receivables | 40 | - | €447,431 | +€447,431 | |
| Other amounts receivable | 41 | - | €3,360 | +€3,360 | |
| Cash at bank and in hand | 54/58 | €40,898 | €31,654 | -€9,244 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,684 | €1,559 | -€125 | -7.4% |
| Total equity and liabilities | 10/49 | €421,564 | €888,482 | +€466,918 | +110.8% |
| Equity | 10/15 | €108,247 | €3,000 | -€105,247 | -97.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,247 | - | -€105,247 | |
| Amounts payable | 17/49 | €313,317 | €885,482 | +€572,164 | +182.6% |
| Amounts payable within one year | 42/48 | €313,317 | €885,482 | +€572,164 | +182.6% |
| Trade debts | 44 | €1,730 | €178,339 | +€176,609 | +10208.9% |
| Suppliers | 440/4 | €1,730 | €178,339 | +€176,609 | +10208.9% |
| Advances received on contracts in progress | 46 | - | €289,568 | +€289,568 | |
| Taxes, remuneration and social security | 45 | €21,334 | €4,795 | -€16,540 | -77.5% |
| Taxes | 450/3 | €21,334 | €4,795 | -€16,540 | -77.5% |
| Other amounts payable | 47/48 | €290,253 | €412,780 | +€122,527 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,223 | €4,670 | +€447 | +10.6% |
| Other operating charges | 640/8 | €68 | €989 | +€921 | +1352.4% |
| Gross operating margin | 9900 | €38,640 | €27,832 | -€10,808 | -28.0% |
| Operating profit (loss) | 9901 | €34,349 | €22,173 | -€12,176 | -35.4% |
| Financial income | 75/76B | €1 | €4,435 | +€4,434 | +692865.6% |
| Recurring financial income | 75 | €1 | €4,435 | +€4,434 | +692865.6% |
| Financial charges | 65/66B | €2,202 | €2,744 | +€541 | +24.6% |
| Recurring financial charges | 65 | €2,202 | €2,744 | +€541 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €32,147 | €23,864 | -€8,283 | -25.8% |
| Income taxes | 67/77 | €8,564 | €5,956 | -€2,608 | -30.5% |
| Profit (loss) for the period | 9904 | €23,583 | €17,908 | -€5,675 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,583 | €17,908 | -€5,675 | -24.1% |
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 9 October 2026 via checked.be.