LOUHEAT: 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.
LOUHEAT
Largest movements
- Cash +€41,700
new in 2025: €41,700
mainly Other debts (+€73,894) and Current investments (+€39,232)
- Current investments -€39,232
no longer reported in 2025 (was €39,232)
- Receivables within one year +€23,588
up €23,588 (+107%), from €22,032 to €45,619
of which Trade receivables: +€21,391
- Tangible fixed assets +€10,937
up €10,937 (+138%), from €7,913 to €18,850
- Stocks and contracts +€7,500
new in 2025: €7,500
- Other debts +€73,894
up €73,894 (+4,046%), from €1,826 to €75,720
- Profit (loss) carried forward -€54,847
down €54,847 (-96.3%), from €56,940 to €2,092
- Trade debts +€14,893
up €14,893 (+9,055%), from €164 to €15,058
- Tax, wage and social debts +€10,784
up €10,784 (+203%), from €5,323 to €16,106
- Gross operating margin +€38,702
up €38,702 (+670%), from €5,772 to €44,475
- Taxes +€10,414
up €10,414 (+2,356%), from €442 to €10,856
- Financial income +€601
up €601 (+76.2%), from €789 to €1,391
- Depreciation +€503
up €503 (+13.7%), from €3,675 to €4,178
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 | €69,253 | €113,976 | +€44,723 | +64.6% |
| Fixed assets | 21/28 | €7,913 | €18,850 | +€10,937 | +138% |
| Tangible fixed assets | 22/27 | €7,913 | €18,850 | +€10,937 | +138% |
| Furniture and vehicles | 24 | €7,913 | €18,850 | +€10,937 | +138% |
| Current assets | 29/58 | €61,339 | €95,126 | +€33,787 | +55.1% |
| Stocks and contracts in progress | 3 | - | €7,500 | +€7,500 | |
| Stocks | 30/36 | - | €7,500 | +€7,500 | |
| Amounts receivable within one year | 40/41 | €22,032 | €45,619 | +€23,588 | +107% |
| Trade receivables | 40 | €17,474 | €38,865 | +€21,391 | +122% |
| Other amounts receivable | 41 | €4,558 | €6,754 | +€2,197 | +48.2% |
| Current investments | 50/53 | €39,232 | - | -€39,232 | |
| Cash at bank and in hand | 54/58 | - | €41,700 | +€41,700 | |
| Deferred charges and accrued income | 490/1 | €76 | €306 | +€231 | +304% |
| Total equity and liabilities | 10/49 | €69,253 | €113,976 | +€44,723 | +64.6% |
| Equity | 10/15 | €61,940 | €7,092 | -€54,847 | -88.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,940 | €2,092 | -€54,847 | -96.3% |
| Amounts payable | 17/49 | €7,313 | €106,884 | +€99,571 | +1,362% |
| Amounts payable within one year | 42/48 | €7,313 | €106,884 | +€99,571 | +1,362% |
| Trade debts | 44 | €164 | €15,058 | +€14,893 | +9,055% |
| Suppliers | 440/4 | €164 | €15,058 | +€14,893 | +9,055% |
| Taxes, remuneration and social security | 45 | €5,323 | €16,106 | +€10,784 | +203% |
| Taxes | 450/3 | €5,323 | €16,106 | +€10,784 | +203% |
| Other amounts payable | 47/48 | €1,826 | €75,720 | +€73,894 | +4,046% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,675 | €4,178 | +€503 | +13.7% |
| Other operating charges | 640/8 | €609 | €624 | +€15 | +2.5% |
| Gross operating margin | 9900 | €5,772 | €44,475 | +€38,702 | +670% |
| Operating profit (loss) | 9901 | €1,489 | €39,673 | +€38,184 | +2,565% |
| Financial income | 75/76B | €789 | €1,391 | +€601 | +76.2% |
| Recurring financial income | 75 | €789 | €1,391 | +€601 | +76.2% |
| Financial charges | 65/66B | €68 | €55 | -€13 | -19.2% |
| Recurring financial charges | 65 | €68 | €55 | -€13 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €2,211 | €41,009 | +€38,798 | +1,755% |
| Income taxes | 67/77 | €442 | €10,856 | +€10,414 | +2,356% |
| Profit (loss) for the period | 9904 | €1,768 | €30,153 | +€28,384 | +1,605% |
| Profit (loss) for the period to be appropriated | 9905 | €1,768 | €30,153 | +€28,384 | +1,605% |
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 30 October 2026 via checked.be.