LOUIS Gary: 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 Gary
Largest movements
- Receivables within one year -€14,541
down €14,541 (-36.1%), from €40,263 to €25,722
of which Trade receivables: -€10,084
- Stocks and contracts -€2,798
down €2,798 (-13.9%), from €20,108 to €17,310
- Debts after one year -€24,143
down €24,143 (-23.4%), from €103,299 to €79,156
- Trade debts +€11,672
up €11,672 (+46.6%), from €25,046 to €36,718
- Profit (loss) carried forward -€7,619
down €7,619, from €2,534 to -€5,085
- Other debts +€3,004
up €3,004 (+51.3%), from €5,855 to €8,859
- Gross operating margin -€1,454
down €1,454 (-5.2%), from €27,788 to €26,334
- Depreciation -€815
down €815 (-3.0%), from €27,584 to €26,769
- Financial charges +€594
up €594 (+12.0%), from €4,953 to €5,548
- Other operating charges -€379
down €379 (-18.8%), from €2,015 to €1,636
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 | €211,157 | €195,007 | -€16,150 | -7.6% |
| Fixed assets | 21/28 | €128,703 | €129,142 | +€439 | +0.3% |
| Tangible fixed assets | 22/27 | €128,703 | €129,142 | +€439 | +0.3% |
| Land and buildings | 22 | €66,039 | €89,414 | +€23,375 | +35.4% |
| Plant, machinery and equipment | 23 | €4,335 | €2,006 | -€2,330 | -53.7% |
| Furniture and vehicles | 24 | €58,329 | €37,723 | -€20,606 | -35.3% |
| Current assets | 29/58 | €82,454 | €65,865 | -€16,590 | -20.1% |
| Stocks and contracts in progress | 3 | €20,108 | €17,310 | -€2,798 | -13.9% |
| Stocks | 30/36 | €20,108 | €17,310 | -€2,798 | -13.9% |
| Amounts receivable within one year | 40/41 | €40,263 | €25,722 | -€14,541 | -36.1% |
| Trade receivables | 40 | €31,143 | €21,059 | -€10,084 | -32.4% |
| Other amounts receivable | 41 | €9,120 | €4,663 | -€4,457 | -48.9% |
| Cash at bank and in hand | 54/58 | €20,142 | €20,680 | +€538 | +2.7% |
| Deferred charges and accrued income | 490/1 | €1,941 | €2,152 | +€211 | +10.9% |
| Total equity and liabilities | 10/49 | €211,157 | €195,007 | -€16,150 | -7.6% |
| Equity | 10/15 | €49,534 | €41,915 | -€7,619 | -15.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,500 | €44,500 | = | 0.0% |
| Distributable reserves | 133 | €44,500 | €44,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,534 | -€5,085 | -€7,619 | |
| Amounts payable | 17/49 | €161,623 | €153,092 | -€8,531 | -5.3% |
| Amounts payable after more than one year | 17 | €103,299 | €79,156 | -€24,143 | -23.4% |
| Financial debts | 170/4 | €103,299 | €79,156 | -€24,143 | -23.4% |
| Amounts payable within one year | 42/48 | €58,324 | €73,936 | +€15,612 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €22,497 | €23,434 | +€937 | +4.2% |
| Trade debts | 44 | €25,046 | €36,718 | +€11,672 | +46.6% |
| Suppliers | 440/4 | €25,046 | €36,718 | +€11,672 | +46.6% |
| Taxes, remuneration and social security | 45 | €4,925 | €4,925 | = | 0.0% |
| Taxes | 450/3 | €2,750 | €2,750 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,175 | €2,175 | = | 0.0% |
| Other amounts payable | 47/48 | €5,855 | €8,859 | +€3,004 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,584 | €26,769 | -€815 | -3.0% |
| Other operating charges | 640/8 | €2,015 | €1,636 | -€379 | -18.8% |
| Gross operating margin | 9900 | €27,788 | €26,334 | -€1,454 | -5.2% |
| Operating profit (loss) | 9901 | -€1,810 | -€2,070 | -€260 | -14.4% |
| Financial income | 75/76B | €112 | €131 | +€19 | +16.6% |
| Recurring financial income | 75 | €112 | €131 | +€19 | +16.6% |
| Financial charges | 65/66B | €4,953 | €5,548 | +€594 | +12.0% |
| Recurring financial charges | 65 | €4,953 | €5,548 | +€594 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,651 | -€7,487 | -€836 | -12.6% |
| Income taxes | 67/77 | €131 | €132 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | -€6,782 | -€7,619 | -€837 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,782 | -€7,619 | -€837 | -12.3% |
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 15 October 2026 via checked.be.