Louis Luyten: 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 Luyten
Largest movements
- Tangible fixed assets +€1,976
new in 2025: €1,976
- Cash -€1,962
down €1,962 (-44.5%), from €4,414 to €2,452
mainly Accrued charges and deferred income (-€7,300) and Investment in fixed assets (net) (-€2,329)
- Receivables within one year -€567
down €567 (-4.7%), from €11,970 to €11,403
of which Trade receivables: -€8,882
- Deferred charges and accrued income -€322
down €322 (-59.1%), from €544 to €222
- Accrued charges and deferred income -€7,300
down €7,300 (-86.1%), from €8,477 to €1,177
- Profit (loss) carried forward +€4,359
up €4,359 (+81.4%), from €5,352 to €9,711
- Tax, wage and social debts +€3,033
new in 2025: €3,033
of which Taxes: +€1,733
- Trade debts -€966
down €966 (-87.9%), from €1,099 to €133
of which Bills of exchange payable: -€942
- Gross operating margin +€1,772
up €1,772 (+25.8%), from €6,879 to €8,651
- Taxes +€391
up €391 (+41.5%), from €942 to €1,333
- Depreciation +€353
new in 2025: €353
- Financial charges +€348
up €348 (+11,376%), from €3 to €351
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 | €16,928 | €16,054 | -€875 | -5.2% |
| Fixed assets | 21/28 | - | €1,976 | +€1,976 | |
| Tangible fixed assets | 22/27 | - | €1,976 | +€1,976 | |
| Furniture and vehicles | 24 | - | €1,976 | +€1,976 | |
| Current assets | 29/58 | €16,928 | €14,077 | -€2,851 | -16.8% |
| Amounts receivable within one year | 40/41 | €11,970 | €11,403 | -€567 | -4.7% |
| Trade receivables | 40 | €10,561 | €1,680 | -€8,882 | -84.1% |
| Other amounts receivable | 41 | €1,409 | €9,723 | +€8,315 | +590% |
| Cash at bank and in hand | 54/58 | €4,414 | €2,452 | -€1,962 | -44.5% |
| Deferred charges and accrued income | 490/1 | €544 | €222 | -€322 | -59.1% |
| Total equity and liabilities | 10/49 | €16,928 | €16,054 | -€875 | -5.2% |
| Equity | 10/15 | €7,352 | €11,711 | +€4,359 | +59.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,352 | €9,711 | +€4,359 | +81.4% |
| Amounts payable | 17/49 | €9,576 | €4,343 | -€5,233 | -54.6% |
| Amounts payable within one year | 42/48 | €1,099 | €3,166 | +€2,067 | +188% |
| Trade debts | 44 | €1,099 | €133 | -€966 | -87.9% |
| Suppliers | 440/4 | €158 | €133 | -€24 | -15.4% |
| Bills of exchange payable | 441 | €942 | - | -€942 | |
| Taxes, remuneration and social security | 45 | - | €3,033 | +€3,033 | |
| Taxes | 450/3 | - | €1,733 | +€1,733 | |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Accrued charges and deferred income | 492/3 | €8,477 | €1,177 | -€7,300 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €353 | +€353 | |
| Other operating charges | 640/8 | €2,251 | €2,281 | +€30 | +1.3% |
| Gross operating margin | 9900 | €6,879 | €8,651 | +€1,772 | +25.8% |
| Operating profit (loss) | 9901 | €4,627 | €6,016 | +€1,389 | +30.0% |
| Financial income | 75/76B | €43 | €26 | -€17 | -39.6% |
| Recurring financial income | 75 | €43 | €26 | -€17 | -39.6% |
| Financial charges | 65/66B | €3 | €351 | +€348 | +11,376% |
| Recurring financial charges | 65 | €3 | €351 | +€348 | +11,376% |
| Profit (loss) for the period before taxes | 9903 | €4,667 | €5,691 | +€1,024 | +21.9% |
| Income taxes | 67/77 | €942 | €1,333 | +€391 | +41.5% |
| Profit (loss) for the period | 9904 | €3,725 | €4,359 | +€633 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,725 | €4,359 | +€633 | +17.0% |
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 26 October 2026 via checked.be.