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
- Receivables after one year -€70,763
no longer reported in 2025 (was €70,763)
- Cash -€12,019
down €12,019 (-77.6%), from €15,484 to €3,465
mainly Contributions, distributions and other (-€68,000) and Tax, wage and social debts (-€14,422)
- Receivables within one year +€4,850
new in 2025: €4,850
of which Other amounts receivable: +€4,000
- Tangible fixed assets -€1,908
down €1,908 (-36.2%), from €5,277 to €3,369
of which Furniture and vehicles: -€1,893
- Reserves -€68,000
down €68,000 (-97.4%), from €69,833 to €1,833
- Tax, wage and social debts -€14,422
down €14,422 (-87.3%), from €16,518 to €2,096
- Debts after one year +€9,808
new in 2025: €9,808
- Profit (loss) carried forward -€7,538
new in 2025: -€7,538
- Gross operating margin -€30,844
down €30,844, from €27,472 to -€3,371
- Taxes -€6,261
down €6,261 (-97.5%), from €6,422 to €161
- Financial income -€3,562
no longer reported in 2025 (was €3,562)
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 | €91,524 | €11,684 | -€79,840 | -87.2% |
| Fixed assets | 21/28 | €5,277 | €3,369 | -€1,908 | -36.2% |
| Tangible fixed assets | 22/27 | €5,277 | €3,369 | -€1,908 | -36.2% |
| Plant, machinery and equipment | 23 | €29 | €14 | -€15 | -51.3% |
| Furniture and vehicles | 24 | €5,247 | €3,355 | -€1,893 | -36.1% |
| Current assets | 29/58 | €86,247 | €8,315 | -€77,932 | -90.4% |
| Amounts receivable after more than one year | 29 | €70,763 | - | -€70,763 | |
| Other amounts receivable | 291 | €70,763 | - | -€70,763 | |
| Amounts receivable within one year | 40/41 | - | €4,850 | +€4,850 | |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €15,484 | €3,465 | -€12,019 | -77.6% |
| Total equity and liabilities | 10/49 | €91,524 | €11,684 | -€79,840 | -87.2% |
| Equity | 10/15 | €74,833 | -€705 | -€75,538 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,833 | €1,833 | -€68,000 | -97.4% |
| Distributable reserves | 133 | €69,833 | €1,833 | -€68,000 | -97.4% |
| Profit (loss) carried forward | 14 | - | -€7,538 | -€7,538 | |
| Amounts payable | 17/49 | €16,691 | €12,389 | -€4,302 | -25.8% |
| Amounts payable after more than one year | 17 | - | €9,808 | +€9,808 | |
| Other amounts payable | 178/9 | - | €9,808 | +€9,808 | |
| Amounts payable within one year | 42/48 | €16,691 | €2,580 | -€14,111 | -84.5% |
| Trade debts | 44 | €173 | €485 | +€312 | +181% |
| Suppliers | 440/4 | €173 | €485 | +€312 | +181% |
| Taxes, remuneration and social security | 45 | €16,518 | €2,096 | -€14,422 | -87.3% |
| Taxes | 450/3 | €16,518 | €2,096 | -€14,422 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,705 | €2,626 | -€79 | -2.9% |
| Other operating charges | 640/8 | €886 | €913 | +€28 | +3.1% |
| Non-recurring operating charges | 66A | - | €293 | +€293 | |
| Gross operating margin | 9900 | €27,472 | -€3,371 | -€30,844 | |
| Operating profit (loss) | 9901 | €23,881 | -€7,204 | -€31,085 | |
| Financial income | 75/76B | €3,562 | - | -€3,562 | |
| Recurring financial income | 75 | €3,562 | - | -€3,562 | |
| Financial charges | 65/66B | €127 | €173 | +€46 | +36.5% |
| Recurring financial charges | 65 | €127 | €173 | +€46 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €27,316 | -€7,377 | -€34,693 | |
| Income taxes | 67/77 | €6,422 | €161 | -€6,261 | -97.5% |
| Profit (loss) for the period | 9904 | €20,895 | -€7,538 | -€28,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,895 | -€7,538 | -€28,432 |
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 17 October 2026 via checked.be.