LOUIS W 49: 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 W 49
Largest movements
- Deferred charges and accrued income -€5,797
no longer reported in 2025 (was €5,797)
- Receivables within one year +€2,127
up €2,127 (+4.7%), from €45,151 to €47,278
- Stocks and contracts +€2,080
new in 2025: €2,080
- Short-term financial debts +€12,330
new in 2025: €12,330
- Other debts -€12,330
no longer reported in 2025 (was €12,330)
- Reserves -€1,831
down €1,831 (-7.7%), from €23,754 to €21,923
of which Distributable reserves: -€1,831
- Tax, wage and social debts +€544
up €544 (+25.8%), from €2,110 to €2,654
- Gross operating margin -€2,130
down €2,130 (-126%), from -€1,692 to -€3,822
- Taxes -€343
down €343 (-51.8%), from €662 to €319
- Financial income -€60
down €60 (-2.4%), from €2,455 to €2,395
- Financial charges -€42
down €42 (-91.3%), from €46 to €4
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 | €51,054 | €49,367 | -€1,687 | -3.3% |
| Current assets | 29/58 | €51,054 | €49,367 | -€1,687 | -3.3% |
| Stocks and contracts in progress | 3 | - | €2,080 | +€2,080 | |
| Stocks | 30/36 | - | €2,080 | +€2,080 | |
| Amounts receivable within one year | 40/41 | €45,151 | €47,278 | +€2,127 | +4.7% |
| Other amounts receivable | 41 | €45,151 | €47,278 | +€2,127 | +4.7% |
| Cash at bank and in hand | 54/58 | €106 | €9 | -€97 | -91.5% |
| Deferred charges and accrued income | 490/1 | €5,797 | - | -€5,797 | |
| Total equity and liabilities | 10/49 | €51,054 | €49,367 | -€1,687 | -3.3% |
| Equity | 10/15 | €36,154 | €34,323 | -€1,831 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,754 | €21,923 | -€1,831 | -7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,820 | €1,820 | = | 0.0% |
| Distributable reserves | 133 | €20,074 | €18,243 | -€1,831 | -9.1% |
| Amounts payable | 17/49 | €14,900 | €15,044 | +€144 | +1.0% |
| Amounts payable within one year | 42/48 | €14,900 | €15,044 | +€144 | +1.0% |
| Financial debts | 43 | - | €12,330 | +€12,330 | |
| Credit institutions | 430/8 | - | €12,330 | +€12,330 | |
| Trade debts | 44 | €460 | €60 | -€400 | -87.0% |
| Suppliers | 440/4 | €460 | €60 | -€400 | -87.0% |
| Taxes, remuneration and social security | 45 | €2,110 | €2,654 | +€544 | +25.8% |
| Taxes | 450/3 | €2,110 | €2,654 | +€544 | +25.8% |
| Other amounts payable | 47/48 | €12,330 | - | -€12,330 | |
| Other operating charges | 640/8 | €62 | €81 | +€19 | +30.6% |
| Gross operating margin | 9900 | -€1,692 | -€3,822 | -€2,130 | -126% |
| Operating profit (loss) | 9901 | -€1,754 | -€3,903 | -€2,149 | -123% |
| Financial income | 75/76B | €2,455 | €2,395 | -€60 | -2.4% |
| Recurring financial income | 75 | €2,455 | €2,395 | -€60 | -2.4% |
| Financial charges | 65/66B | €46 | €4 | -€42 | -91.3% |
| Recurring financial charges | 65 | €46 | €4 | -€42 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | €655 | -€1,512 | -€2,167 | |
| Income taxes | 67/77 | €662 | €319 | -€343 | -51.8% |
| Profit (loss) for the period | 9904 | -€7 | -€1,831 | -€1,824 | -26,057% |
| Profit (loss) for the period to be appropriated | 9905 | -€7 | -€1,831 | -€1,824 | -26,057% |
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 31 October 2026 via checked.be.