LOUIS Eddy: 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 Eddy
Largest movements
- Tangible fixed assets -€24,481
down €24,481 (-32.6%), from €75,067 to €50,586
- Cash -€19,317
down €19,317 (-49.8%), from €38,771 to €19,455
mainly Net result for the year (-€38,987) and Debts after one year (-€14,009)
- Stocks and contracts -€10,398
down €10,398 (-13.6%), from €76,307 to €65,909
- Receivables within one year -€3,410
down €3,410 (-5.8%), from €59,023 to €55,613
of which Other amounts receivable: -€5,776
- Profit (loss) carried forward -€38,987
down €38,987, from €2,516 to -€36,472
- Debts after one year -€14,009
down €14,009 (-44.5%), from €31,469 to €17,460
- Trade debts -€8,714
down €8,714 (-18.2%), from €47,930 to €39,216
- Gross operating margin -€39,814
down €39,814 (-42.5%), from €93,656 to €53,842
- Other operating charges +€5,716
up €5,716 (+201%), from €2,846 to €8,562
- Staff costs -€4,766
down €4,766 (-7.7%), from €62,018 to €57,251
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 | €254,546 | €194,645 | -€59,901 | -23.5% |
| Fixed assets | 21/28 | €75,880 | €51,068 | -€24,811 | -32.7% |
| Intangible fixed assets | 21 | €495 | €165 | -€330 | -66.7% |
| Tangible fixed assets | 22/27 | €75,067 | €50,586 | -€24,481 | -32.6% |
| Land and buildings | 22 | €27,154 | €19,173 | -€7,981 | -29.4% |
| Plant, machinery and equipment | 23 | €1,447 | €1,073 | -€374 | -25.8% |
| Furniture and vehicles | 24 | €32,486 | €22,384 | -€10,102 | -31.1% |
| Leasing and similar rights | 25 | €13,980 | €7,956 | -€6,025 | -43.1% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €178,667 | €143,577 | -€35,090 | -19.6% |
| Stocks and contracts in progress | 3 | €76,307 | €65,909 | -€10,398 | -13.6% |
| Stocks | 30/36 | €76,307 | €65,909 | -€10,398 | -13.6% |
| Amounts receivable within one year | 40/41 | €59,023 | €55,613 | -€3,410 | -5.8% |
| Trade receivables | 40 | €32,827 | €35,193 | +€2,366 | +7.2% |
| Other amounts receivable | 41 | €26,196 | €20,420 | -€5,776 | -22.0% |
| Cash at bank and in hand | 54/58 | €38,771 | €19,455 | -€19,317 | -49.8% |
| Deferred charges and accrued income | 490/1 | €4,565 | €2,601 | -€1,965 | -43.0% |
| Total equity and liabilities | 10/49 | €254,546 | €194,645 | -€59,901 | -23.5% |
| Equity | 10/15 | €158,663 | €118,897 | -€39,766 | -25.1% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €121,731 | €121,731 | = | 0.0% |
| Distributable reserves | 133 | €121,731 | €121,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,516 | -€36,472 | -€38,987 | |
| Investment grants | 15 | €4,669 | €3,891 | -€778 | -16.7% |
| Amounts payable | 17/49 | €95,884 | €75,748 | -€20,135 | -21.0% |
| Amounts payable after more than one year | 17 | €31,469 | €17,460 | -€14,009 | -44.5% |
| Financial debts | 170/4 | €31,469 | €17,460 | -€14,009 | -44.5% |
| Amounts payable within one year | 42/48 | €64,414 | €58,288 | -€6,126 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €13,048 | €13,523 | +€475 | +3.6% |
| Trade debts | 44 | €47,930 | €39,216 | -€8,714 | -18.2% |
| Suppliers | 440/4 | €47,930 | €39,216 | -€8,714 | -18.2% |
| Taxes, remuneration and social security | 45 | €3,436 | €4,533 | +€1,097 | +31.9% |
| Taxes | 450/3 | €215 | €824 | +€608 | +282% |
| Remuneration and social security | 454/9 | €3,221 | €3,710 | +€489 | +15.2% |
| Other amounts payable | 47/48 | - | €1,016 | +€1,016 | |
| Remuneration, social security and pensions | 62 | €62,018 | €57,251 | -€4,766 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,853 | €24,811 | -€42 | -0.2% |
| Other operating charges | 640/8 | €2,846 | €8,562 | +€5,716 | +201% |
| Gross operating margin | 9900 | €93,656 | €53,842 | -€39,814 | -42.5% |
| Operating profit (loss) | 9901 | €3,939 | -€36,782 | -€40,721 | |
| Financial income | 75/76B | €1,486 | €890 | -€596 | -40.1% |
| Recurring financial income | 75 | €1,486 | €890 | -€596 | -40.1% |
| Financial charges | 65/66B | €2,909 | €3,095 | +€186 | +6.4% |
| Recurring financial charges | 65 | €2,909 | €3,095 | +€186 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €2,516 | -€38,987 | -€41,503 | |
| Profit (loss) for the period | 9904 | €2,516 | -€38,987 | -€41,503 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,516 | -€38,987 | -€41,503 |
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 20 October 2026 via checked.be.