LOUIS SWERTS: what changed
LOUIS SWERTS
Largest movements
- Receivables within one year -€25,067
down €25,067 (-59.1%), from €42,437 to €17,370
of which Trade receivables: -€25,994
- Cash -€24,911
down €24,911 (-10.3%), from €242,602 to €217,691
mainly Other debts (-€28,254) and Net result for the year (-€20,972)
- Other debts -€28,254
down €28,254 (-11.3%), from €249,708 to €221,455
- Profit (loss) carried forward -€20,972
down €20,972 (-32.2%), from €65,033 to €44,060
- Gross operating margin +€18,466
up €18,466, from -€15,937 to €2,529
- Other operating charges +€4,081
up €4,081 (+195%), from €2,092 to €6,173
- Financial income +€846
up €846 (+295%), from €286 to €1,132
- Financial charges +€174
up €174 (+1.0%), from €17,657 to €17,831
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,605 | €407,970 | -€48,636 | -10.7% |
| Current assets | 29/58 | €456,605 | €407,970 | -€48,636 | -10.7% |
| Stocks and contracts in progress | 3 | €9,610 | €8,183 | -€1,427 | -14.9% |
| Stocks | 30/36 | €9,610 | €8,183 | -€1,427 | -14.9% |
| Amounts receivable within one year | 40/41 | €42,437 | €17,370 | -€25,067 | -59.1% |
| Trade receivables | 40 | €41,147 | €15,153 | -€25,994 | -63.2% |
| Other amounts receivable | 41 | €1,290 | €2,217 | +€927 | +71.9% |
| Current investments | 50/53 | €159,942 | €160,725 | +€782 | +0.5% |
| Cash at bank and in hand | 54/58 | €242,602 | €217,691 | -€24,911 | -10.3% |
| Deferred charges and accrued income | 490/1 | €2,014 | €4,002 | +€1,988 | +98.7% |
| Total equity and liabilities | 10/49 | €456,605 | €407,970 | -€48,636 | -10.7% |
| Equity | 10/15 | €200,533 | €179,560 | -€20,972 | -10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €115,500 | €115,500 | = | 0.0% |
| Distributable reserves | 133 | €115,500 | €115,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,033 | €44,060 | -€20,972 | -32.2% |
| Amounts payable | 17/49 | €256,073 | €228,409 | -€27,663 | -10.8% |
| Amounts payable within one year | 42/48 | €256,073 | €228,409 | -€27,663 | -10.8% |
| Trade debts | 44 | €408 | €1,225 | +€817 | +200% |
| Suppliers | 440/4 | €408 | €1,225 | +€817 | +200% |
| Taxes, remuneration and social security | 45 | €5,956 | €5,730 | -€226 | -3.8% |
| Taxes | 450/3 | €5,956 | €5,730 | -€226 | -3.8% |
| Other amounts payable | 47/48 | €249,708 | €221,455 | -€28,254 | -11.3% |
| Other operating charges | 640/8 | €2,092 | €6,173 | +€4,081 | +195% |
| Gross operating margin | 9900 | -€15,937 | €2,529 | +€18,466 | |
| Operating profit (loss) | 9901 | -€18,029 | -€3,644 | +€14,385 | +79.8% |
| Financial income | 75/76B | €286 | €1,132 | +€846 | +295% |
| Recurring financial income | 75 | €286 | €1,132 | +€846 | +295% |
| Financial charges | 65/66B | €17,657 | €17,831 | +€174 | +1.0% |
| Recurring financial charges | 65 | €17,657 | €17,831 | +€174 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,400 | -€20,343 | +€15,057 | +42.5% |
| Income taxes | 67/77 | €758 | €629 | -€129 | -17.0% |
| Profit (loss) for the period | 9904 | -€36,158 | -€20,972 | +€15,185 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,158 | -€20,972 | +€15,185 | +42.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.