LOUISE: 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.
LOUISE
Largest movements
- Receivables within one year +€534
up €534 (+60.4%), from €884 to €1,418
- Profit (loss) carried forward -€3,224
down €3,224 (-5.1%), from -€62,608 to -€65,832
- Other debts +€3,075
up €3,075 (+6.5%), from €47,131 to €50,206
- Trade debts +€683
new in 2024: €683
- Other operating charges -€9,540
no longer reported in 2024 (was €9,540)
- Gross operating margin -€4,415
down €4,415, from €1,191 to -€3,224
- Financial income -€2,913
no longer reported in 2024 (was €2,913)
- Depreciation -€111
no longer reported in 2024 (was €111)
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,115 | €1,649 | +€534 | +47.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €231 | €231 | = | 0.0% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €884 | €1,418 | +€534 | +60.4% |
| Amounts receivable within one year | 40/41 | €884 | €1,418 | +€534 | +60.4% |
| Other amounts receivable | 41 | €884 | €1,418 | +€534 | +60.4% |
| Total equity and liabilities | 10/49 | €1,115 | €1,649 | +€534 | +47.9% |
| Equity | 10/15 | -€56,408 | -€59,632 | -€3,224 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,608 | -€65,832 | -€3,224 | -5.1% |
| Amounts payable | 17/49 | €57,523 | €61,281 | +€3,758 | +6.5% |
| Amounts payable within one year | 42/48 | €57,523 | €61,281 | +€3,758 | +6.5% |
| Trade debts | 44 | - | €683 | +€683 | |
| Suppliers | 440/4 | - | €683 | +€683 | |
| Taxes, remuneration and social security | 45 | €10,392 | €10,392 | = | 0.0% |
| Taxes | 450/3 | €9,240 | €9,240 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,152 | €1,152 | = | 0.0% |
| Other amounts payable | 47/48 | €47,131 | €50,206 | +€3,075 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | - | -€111 | |
| Other operating charges | 640/8 | €9,540 | - | -€9,540 | |
| Non-recurring operating charges | 66A | €10,583 | - | -€10,583 | |
| Gross operating margin | 9900 | €1,191 | -€3,224 | -€4,415 | |
| Operating profit (loss) | 9901 | -€19,043 | -€3,224 | +€15,819 | +83.1% |
| Financial income | 75/76B | €2,913 | - | -€2,913 | |
| Recurring financial income | 75 | €2,913 | - | -€2,913 | |
| Profit (loss) for the period before taxes | 9903 | -€16,130 | -€3,224 | +€12,906 | +80.0% |
| Profit (loss) for the period | 9904 | -€16,130 | -€3,224 | +€12,906 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,130 | -€3,224 | +€12,906 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.