Louis Cinq: 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 Cinq
Largest movements
- Cash -€16,781
down €16,781 (-8.7%), from €191,814 to €175,033
mainly Contributions, distributions and other (-€164,940) and Current portion of long-term debt (-€98,664)
- Other debts +€145,247
up €145,247 (+335%), from €43,381 to €188,628
- Current portion of long-term debt -€98,664
down €98,664 (-55.3%), from €178,302 to €79,639
- Debts after one year -€79,639
down €79,639 (-12.8%), from €623,173 to €543,534
- Tax, wage and social debts +€34,492
up €34,492 (+262%), from €13,190 to €47,682
of which Taxes: +€34,012
- Accrued charges and deferred income -€29,020
down €29,020 (-75.5%), from €38,452 to €9,432
- Financial charges -€94,705
down €94,705 (-85.8%), from €110,332 to €15,626
of which Non-recurring financial charges: -€80,000
- Depreciation +€15,214
up €15,214 (+36.6%), from €41,553 to €56,767
- Taxes -€10,351
down €10,351 (-17.7%), from €58,496 to €48,145
- Gross operating margin -€10,341
down €10,341 (-3.4%), from €301,235 to €290,894
- Financial income -€4,352
down €4,352 (-54.5%), from €7,992 to €3,640
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 | €1,490,720 | €1,466,964 | -€23,756 | -1.6% |
| Fixed assets | 21/28 | €1,148,920 | €1,147,337 | -€1,583 | -0.1% |
| Tangible fixed assets | 22/27 | €1,148,670 | €1,147,087 | -€1,583 | -0.1% |
| Land and buildings | 22 | €993,128 | €1,023,426 | +€30,298 | +3.1% |
| Plant, machinery and equipment | 23 | €5,993 | €4,383 | -€1,610 | -26.9% |
| Furniture and vehicles | 24 | €149,549 | €119,278 | -€30,270 | -20.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €341,800 | €319,628 | -€22,173 | -6.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 290 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,393 | €96,742 | -€6,650 | -6.4% |
| Trade receivables | 40 | €56,888 | €69,887 | +€12,999 | +22.9% |
| Other amounts receivable | 41 | €46,504 | €26,855 | -€19,649 | -42.3% |
| Cash at bank and in hand | 54/58 | €191,814 | €175,033 | -€16,781 | -8.7% |
| Deferred charges and accrued income | 490/1 | €6,593 | €7,852 | +€1,259 | +19.1% |
| Total equity and liabilities | 10/49 | €1,490,720 | €1,466,964 | -€23,756 | -1.6% |
| Equity | 10/15 | €593,910 | €593,910 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €575,310 | €575,310 | = | 0.0% |
| Distributable reserves | 133 | €575,310 | €575,310 | = | 0.0% |
| Amounts payable | 17/49 | €896,810 | €873,054 | -€23,756 | -2.6% |
| Amounts payable after more than one year | 17 | €623,173 | €543,534 | -€79,639 | -12.8% |
| Financial debts | 170/4 | €623,173 | €543,534 | -€79,639 | -12.8% |
| Amounts payable within one year | 42/48 | €235,185 | €320,088 | +€84,903 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €178,302 | €79,639 | -€98,664 | -55.3% |
| Trade debts | 44 | €312 | €4,140 | +€3,828 | +1,228% |
| Suppliers | 440/4 | €312 | €4,140 | +€3,828 | +1,228% |
| Taxes, remuneration and social security | 45 | €13,190 | €47,682 | +€34,492 | +262% |
| Taxes | 450/3 | €13,190 | €47,202 | +€34,012 | +258% |
| Remuneration and social security | 454/9 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €43,381 | €188,628 | +€145,247 | +335% |
| Accrued charges and deferred income | 492/3 | €38,452 | €9,432 | -€29,020 | -75.5% |
| Non-recurring operating income | 76A | €21,575 | - | -€21,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,553 | €56,767 | +€15,214 | +36.6% |
| Other operating charges | 640/8 | €7,801 | €9,055 | +€1,255 | +16.1% |
| Gross operating margin | 9900 | €301,235 | €290,894 | -€10,341 | -3.4% |
| Operating profit (loss) | 9901 | €251,881 | €225,071 | -€26,810 | -10.6% |
| Financial income | 75/76B | €7,992 | €3,640 | -€4,352 | -54.5% |
| Recurring financial income | 75 | €7,992 | €3,640 | -€4,352 | -54.5% |
| Financial charges | 65/66B | €110,332 | €15,626 | -€94,705 | -85.8% |
| Recurring financial charges | 65 | €30,332 | €15,626 | -€14,705 | -48.5% |
| Non-recurring financial charges | 66B | €80,000 | - | -€80,000 | |
| Profit (loss) for the period before taxes | 9903 | €149,542 | €213,085 | +€63,543 | +42.5% |
| Income taxes | 67/77 | €58,496 | €48,145 | -€10,351 | -17.7% |
| Profit (loss) for the period | 9904 | €91,046 | €164,940 | +€73,894 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,046 | €164,940 | +€73,894 | +81.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.