LOUIS: 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.
LOUIS
Largest movements
- Tangible fixed assets -€65,037
down €65,037 (-3.1%), from €2.1m to €2.0m
of which Land and buildings: -€64,518
- Other debts -€46,128
down €46,128 (-60.4%), from €76,367 to €30,239
- Current portion of long-term debt +€35,411
up €35,411 (+37.8%), from €93,798 to €129,208
- Debts after one year -€32,199
down €32,199 (-9.7%), from €333,531 to €301,332
- Financial charges +€15,221
up €15,221 (+1,781%), from €855 to €16,075
- Taxes -€5,443
down €5,443 (-80.0%), from €6,800 to €1,358
- Staff costs +€3,169
up €3,169 (+5.6%), from €56,672 to €59,841
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 | €2,109,134 | €2,061,942 | -€47,192 | -2.2% |
| Fixed assets | 21/28 | €2,100,598 | €2,035,561 | -€65,037 | -3.1% |
| Tangible fixed assets | 22/27 | €2,100,598 | €2,035,561 | -€65,037 | -3.1% |
| Land and buildings | 22 | €2,098,728 | €2,034,210 | -€64,518 | -3.1% |
| Plant, machinery and equipment | 23 | €1,870 | €1,351 | -€519 | -27.8% |
| Current assets | 29/58 | €8,536 | €26,381 | +€17,845 | +209% |
| Amounts receivable within one year | 40/41 | €0 | €7,121 | +€7,121 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €7,121 | +€7,121 | |
| Cash at bank and in hand | 54/58 | €8,536 | €19,260 | +€10,724 | +126% |
| Total equity and liabilities | 10/49 | €2,109,134 | €2,061,942 | -€47,192 | -2.2% |
| Equity | 10/15 | €1,583,136 | €1,585,628 | +€2,493 | +0.2% |
| Contributions | 10/11 | €1,281,343 | €1,281,343 | = | 0.0% |
| Reserves | 13 | €198,588 | €198,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €128,134 | €128,134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €128,134 | €128,134 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,454 | €70,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,205 | €105,697 | +€2,493 | +2.4% |
| Amounts payable | 17/49 | €525,998 | €476,314 | -€49,684 | -9.4% |
| Amounts payable after more than one year | 17 | €333,531 | €301,332 | -€32,199 | -9.7% |
| Financial debts | 170/4 | €333,531 | €301,332 | -€32,199 | -9.7% |
| Amounts payable within one year | 42/48 | €192,467 | €174,982 | -€17,485 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €93,798 | €129,208 | +€35,411 | +37.8% |
| Advances received on contracts in progress | 46 | €13,500 | €0 | -€13,500 | -100% |
| Taxes, remuneration and social security | 45 | €8,803 | €15,534 | +€6,732 | +76.5% |
| Taxes | 450/3 | €800 | €10,447 | +€9,646 | +1,206% |
| Remuneration and social security | 454/9 | €8,003 | €5,088 | -€2,915 | -36.4% |
| Other amounts payable | 47/48 | €76,367 | €30,239 | -€46,128 | -60.4% |
| Remuneration, social security and pensions | 62 | €56,672 | €59,841 | +€3,169 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,379 | €65,037 | -€342 | -0.5% |
| Other operating charges | 640/8 | €11,866 | €13,319 | +€1,453 | +12.2% |
| Gross operating margin | 9900 | €159,614 | €158,122 | -€1,492 | -0.9% |
| Operating profit (loss) | 9901 | €25,698 | €19,926 | -€5,772 | -22.5% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100% |
| Financial charges | 65/66B | €855 | €16,075 | +€15,221 | +1,781% |
| Recurring financial charges | 65 | €855 | €16,075 | +€15,221 | +1,781% |
| Profit (loss) for the period before taxes | 9903 | €24,933 | €3,850 | -€21,083 | -84.6% |
| Income taxes | 67/77 | €6,800 | €1,358 | -€5,443 | -80.0% |
| Profit (loss) for the period | 9904 | €18,133 | €2,493 | -€15,640 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,133 | €2,493 | -€15,640 | -86.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.