LOUISE 114: what changed
What changed
LOUISE 114
filed annual accounts (NBB)
Net result for the year
-€1,572
2024 · €9,188-€10,760
Equity
€535,255
2024 · €536,827-€1,572
Cash
€48
2024 · €25+€23
Balance sheet total
€640,940
2024 · €639,114+€1,826
Largest movements
Assets
- Financial fixed assets +€7,867
up €7,867 (+48.9%), from €16,100 to €23,967
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€10,612
down €10,612 (-53.2%), from €19,945 to €9,334
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.
Result 2024
€9,188
Gross operating margin
-€10,612
Other operating charges
-€85
Financial charges
+€67
Taxes
-€130
Result 2025
-€1,572
raises the resultlowers the result
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.
From operations
+€7,890
Investment
-€7,867
Financing
€0
Cash 2024
€25
From operations (derived)
+€7,890
Net result for the year
-€1,572
Depreciation
+€6,063
Trade debts
+€3,370
Other debts
+€28
Investment (derived)
-€7,867
Investment in fixed assets (net)
-€7,867
Cash 2025
€48
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,114 | €640,940 | +€1,826 | +0.3% |
| Fixed assets | 21/28 | €639,088 | €640,892 | +€1,803 | +0.3% |
| Tangible fixed assets | 22/27 | €622,988 | €616,925 | -€6,063 | -1.0% |
| Land and buildings | 22 | €622,988 | €616,925 | -€6,063 | -1.0% |
| Financial fixed assets | 28 | €16,100 | €23,967 | +€7,867 | +48.9% |
| Current assets | 29/58 | €25 | €48 | +€23 | +90.1% |
| Cash at bank and in hand | 54/58 | €25 | €48 | +€23 | +90.1% |
| Total equity and liabilities | 10/49 | €639,114 | €640,940 | +€1,826 | +0.3% |
| Equity | 10/15 | €536,827 | €535,255 | -€1,572 | -0.3% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Revaluation surpluses | 12 | €559,303 | €559,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,476 | -€164,048 | -€1,572 | -1.0% |
| Amounts payable | 17/49 | €102,287 | €105,685 | +€3,398 | +3.3% |
| Amounts payable after more than one year | 17 | €28,242 | €28,242 | = | 0.0% |
| Other amounts payable | 178/9 | €28,242 | €28,242 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,044 | €77,442 | +€3,398 | +4.6% |
| Trade debts | 44 | €12,093 | €15,463 | +€3,370 | +27.9% |
| Suppliers | 440/4 | €12,093 | €15,463 | +€3,370 | +27.9% |
| Other amounts payable | 47/48 | €61,951 | €61,979 | +€28 | 0.0% |
| Non-recurring operating income | 76A | €13,462 | - | -€13,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,063 | €6,063 | = | 0.0% |
| Other operating charges | 640/8 | €4,724 | €4,808 | +€85 | +1.8% |
| Gross operating margin | 9900 | €19,945 | €9,334 | -€10,612 | -53.2% |
| Operating profit (loss) | 9901 | €9,158 | -€1,538 | -€10,696 | |
| Financial charges | 65/66B | €101 | €34 | -€67 | -66.1% |
| Recurring financial charges | 65 | €101 | €34 | -€67 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €9,057 | -€1,572 | -€10,629 | |
| Income taxes | 67/77 | -€130 | - | +€130 | |
| Profit (loss) for the period | 9904 | €9,188 | -€1,572 | -€10,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,188 | -€1,572 | -€10,760 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.