LOUIS CANT: 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 CANT
Largest movements
- Tangible fixed assets -€31,732
down €31,732 (-4.8%), from €657,488 to €625,755
of which Plant, machinery and equipment: -€19,569
- Deferred charges and accrued income +€8,432
up €8,432 (+9.7%), from €87,367 to €95,799
- Reserves +€57,334
up €57,334 (+42.9%), from €133,617 to €190,951
- Other debts -€45,109
down €45,109 (-23.4%), from €193,050 to €147,941
- Debts after one year -€34,977
down €34,977 (-7.8%), from €451,052 to €416,075
- Gross operating margin -€14,480
down €14,480 (-9.6%), from €150,335 to €135,855
- Financial charges +€7,447
up €7,447 (+62.5%), from €11,910 to €19,357
- Taxes -€4,725
down €4,725 (-17.1%), from €27,697 to €22,972
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 | €831,210 | €810,330 | -€20,880 | -2.5% |
| Fixed assets | 21/28 | €657,676 | €625,755 | -€31,921 | -4.9% |
| Intangible fixed assets | 21 | €189 | €0 | -€189 | -100% |
| Tangible fixed assets | 22/27 | €657,488 | €625,755 | -€31,732 | -4.8% |
| Land and buildings | 22 | €522,638 | €512,888 | -€9,750 | -1.9% |
| Plant, machinery and equipment | 23 | €128,585 | €109,016 | -€19,569 | -15.2% |
| Furniture and vehicles | 24 | €6,265 | €3,851 | -€2,414 | -38.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €173,533 | €184,575 | +€11,041 | +6.4% |
| Amounts receivable within one year | 40/41 | €0 | €2,938 | +€2,938 | |
| Trade receivables | 40 | - | €910 | +€910 | |
| Other amounts receivable | 41 | €0 | €2,028 | +€2,028 | |
| Cash at bank and in hand | 54/58 | €86,166 | €85,837 | -€329 | -0.4% |
| Deferred charges and accrued income | 490/1 | €87,367 | €95,799 | +€8,432 | +9.7% |
| Total equity and liabilities | 10/49 | €831,210 | €810,330 | -€20,880 | -2.5% |
| Equity | 10/15 | €138,617 | €195,951 | +€57,334 | +41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,617 | €190,951 | +€57,334 | +42.9% |
| Distributable reserves | 133 | €133,617 | €190,951 | +€57,334 | +42.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €692,592 | €614,379 | -€78,214 | -11.3% |
| Amounts payable after more than one year | 17 | €451,052 | €416,075 | -€34,977 | -7.8% |
| Financial debts | 170/4 | €451,052 | €416,075 | -€34,977 | -7.8% |
| Amounts payable within one year | 42/48 | €238,860 | €188,489 | -€50,370 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €34,327 | €34,977 | +€649 | +1.9% |
| Financial debts | 43 | €2,705 | €0 | -€2,705 | -100% |
| Credit institutions | 430/8 | €2,705 | €0 | -€2,705 | -100% |
| Trade debts | 44 | €1,073 | €2,936 | +€1,863 | +174% |
| Suppliers | 440/4 | €1,073 | €2,936 | +€1,863 | +174% |
| Taxes, remuneration and social security | 45 | €7,705 | €2,635 | -€5,070 | -65.8% |
| Taxes | 450/3 | €5,440 | €370 | -€5,070 | -93.2% |
| Remuneration and social security | 454/9 | €2,265 | €2,265 | = | 0.0% |
| Other amounts payable | 47/48 | €193,050 | €147,941 | -€45,109 | -23.4% |
| Accrued charges and deferred income | 492/3 | €2,681 | €9,814 | +€7,134 | +266% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,878 | €32,866 | -€12 | 0.0% |
| Other operating charges | 640/8 | €3,424 | €3,327 | -€97 | -2.8% |
| Gross operating margin | 9900 | €150,335 | €135,855 | -€14,480 | -9.6% |
| Operating profit (loss) | 9901 | €114,033 | €99,662 | -€14,371 | -12.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,910 | €19,357 | +€7,447 | +62.5% |
| Recurring financial charges | 65 | €11,910 | €19,357 | +€7,447 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €102,123 | €80,305 | -€21,818 | -21.4% |
| Income taxes | 67/77 | €27,697 | €22,972 | -€4,725 | -17.1% |
| Profit (loss) for the period | 9904 | €74,426 | €57,334 | -€17,093 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,426 | €57,334 | -€17,093 | -23.0% |
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 24 October 2026 via checked.be.