Louisa: 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.
Louisa
Largest movements
- Receivables after one year -€320,000
down €320,000 (-100.0%), from €320,000 to €0
- Cash +€44,434
up €44,434 (+24.6%), from €180,459 to €224,893
mainly Receivables after one year (+€320,000) and Other debts (+€146,337)
- Receivables within one year -€43,452
down €43,452 (-70.4%), from €61,751 to €18,298
of which Trade receivables: -€50,892
- Tangible fixed assets -€30,731
down €30,731 (-13.8%), from €223,037 to €192,306
of which Land and buildings: -€28,269
- Debts after one year -€290,000
down €290,000 (-100.0%), from €290,000 to €0
- Reserves -€184,832
down €184,832 (-56.5%), from €326,987 to €142,155
- Other debts +€146,337
up €146,337 (+132.5%), from €110,413 to €256,750
- Trade debts -€21,923
down €21,923 (-99.4%), from €22,064 to €141
- Gross operating margin -€57,507
down €57,507 (-28.7%), from €200,350 to €142,843
- Taxes -€27,731
down €27,731 (-53.6%), from €51,751 to €24,020
- Financial income +€5,957
up €5,957 (+1095.0%), from €544 to €6,501
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.
Cash bridge derived
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 | €813,146 | €463,397 | -€349,749 | -43.0% |
| Fixed assets | 21/28 | €250,937 | €220,206 | -€30,731 | -12.2% |
| Tangible fixed assets | 22/27 | €223,037 | €192,306 | -€30,731 | -13.8% |
| Land and buildings | 22 | €198,555 | €170,285 | -€28,269 | -14.2% |
| Furniture and vehicles | 24 | €24,482 | €22,021 | -€2,462 | -10.1% |
| Financial fixed assets | 28 | €27,900 | €27,900 | = | 0.0% |
| Current assets | 29/58 | €562,209 | €243,191 | -€319,018 | -56.7% |
| Amounts receivable after more than one year | 29 | €320,000 | €0 | -€320,000 | -100.0% |
| Other amounts receivable | 291 | €320,000 | €0 | -€320,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €61,751 | €18,298 | -€43,452 | -70.4% |
| Trade receivables | 40 | €54,765 | €3,873 | -€50,892 | -92.9% |
| Other amounts receivable | 41 | €6,986 | €14,425 | +€7,439 | +106.5% |
| Cash at bank and in hand | 54/58 | €180,459 | €224,893 | +€44,434 | +24.6% |
| Total equity and liabilities | 10/49 | €813,146 | €463,397 | -€349,749 | -43.0% |
| Equity | 10/15 | €361,855 | €177,023 | -€184,832 | -51.1% |
| Contributions | 10/11 | €34,868 | €34,868 | = | 0.0% |
| Reserves | 13 | €326,987 | €142,155 | -€184,832 | -56.5% |
| Distributable reserves | 133 | €326,987 | €142,155 | -€184,832 | -56.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €451,291 | €286,374 | -€164,917 | -36.5% |
| Amounts payable after more than one year | 17 | €290,000 | €0 | -€290,000 | -100.0% |
| Financial debts | 170/4 | €290,000 | €0 | -€290,000 | -100.0% |
| Amounts payable within one year | 42/48 | €160,759 | €286,244 | +€125,485 | +78.1% |
| Trade debts | 44 | €22,064 | €141 | -€21,923 | -99.4% |
| Suppliers | 440/4 | €22,064 | €141 | -€21,923 | -99.4% |
| Taxes, remuneration and social security | 45 | €28,283 | €29,354 | +€1,071 | +3.8% |
| Taxes | 450/3 | €28,283 | €29,354 | +€1,071 | +3.8% |
| Other amounts payable | 47/48 | €110,413 | €256,750 | +€146,337 | +132.5% |
| Accrued charges and deferred income | 492/3 | €532 | €130 | -€402 | -75.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,546 | €35,546 | = | 0.0% |
| Other operating charges | 640/8 | €5,015 | €4,657 | -€358 | -7.1% |
| Gross operating margin | 9900 | €200,350 | €142,843 | -€57,507 | -28.7% |
| Operating profit (loss) | 9901 | €159,789 | €102,640 | -€57,149 | -35.8% |
| Financial income | 75/76B | €544 | €6,501 | +€5,957 | +1095.0% |
| Recurring financial income | 75 | €544 | €6,501 | +€5,957 | +1095.0% |
| Financial charges | 65/66B | €2,429 | €2,665 | +€236 | +9.7% |
| Recurring financial charges | 65 | €2,429 | €2,665 | +€236 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €157,904 | €106,476 | -€51,428 | -32.6% |
| Income taxes | 67/77 | €51,751 | €24,020 | -€27,731 | -53.6% |
| Profit (loss) for the period | 9904 | €106,153 | €82,456 | -€23,697 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,153 | €82,456 | -€23,697 | -22.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.