LOUISE: what changed
Two fiscal 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.
LOUISE
Largest movements
- Cash -€1,560
down €1,560 (-9.3%), from €16,711 to €15,152
mainly Net result for the year (-€1,655)
- Profit (loss) carried forward -€1,655
down €1,655 (-0.7%), from -€227,073 to -€228,727
- Other operating charges -€1,470
down €1,470 (-96.0%), from €1,532 to €62
- Gross operating margin +€245
up €245 (+13.7%), from -€1,784 to -€1,540
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 | €16,996 | €15,396 | -€1,600 | -9.4% |
| Current assets | 29/58 | €16,996 | €15,396 | -€1,600 | -9.4% |
| Amounts receivable within one year | 40/41 | €284 | €244 | -€40 | -14.2% |
| Other amounts receivable | 41 | €284 | €244 | -€40 | -14.2% |
| Cash at bank and in hand | 54/58 | €16,711 | €15,152 | -€1,560 | -9.3% |
| Total equity and liabilities | 10/49 | €16,996 | €15,396 | -€1,600 | -9.4% |
| Equity | 10/15 | -€208,473 | -€210,127 | -€1,655 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,073 | -€228,727 | -€1,655 | -0.7% |
| Amounts payable | 17/49 | €225,468 | €225,523 | +€55 | 0.0% |
| Amounts payable within one year | 42/48 | €225,468 | €225,523 | +€55 | 0.0% |
| Trade debts | 44 | €1,379 | €1,379 | = | 0.0% |
| Suppliers | 440/4 | €1,379 | €1,379 | = | 0.0% |
| Other amounts payable | 47/48 | €224,089 | €224,143 | +€55 | 0.0% |
| Other operating charges | 640/8 | €1,532 | €62 | -€1,470 | -96.0% |
| Gross operating margin | 9900 | -€1,784 | -€1,540 | +€245 | +13.7% |
| Operating profit (loss) | 9901 | -€3,316 | -€1,602 | +€1,715 | +51.7% |
| Financial charges | 65/66B | €52 | €53 | +€1 | +2.6% |
| Recurring financial charges | 65 | €52 | €53 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,368 | -€1,655 | +€1,713 | +50.9% |
| Profit (loss) for the period | 9904 | -€3,368 | -€1,655 | +€1,713 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,368 | -€1,655 | +€1,713 | +50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.