LOUISE 209A 2: what changed
What changed
LOUISE 209A 2
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€275,520
2024 · -€265,372-€10,148
Equity
-€1.5m
2024 · -€1.3m-€275,520
Cash
€667,791
2024 · €612,009+€55,782
Balance sheet total
€6.4m
2024 · €6.4m+€29,525
Largest movements
Assets
- Tangible fixed assets -€182,454
down €182,454 (-3.3%), from €5.5m to €5.3m
of which Land and buildings: -€163,231
- Receivables within one year +€130,009
up €130,009 (+68.3%), from €190,399 to €320,408
of which Trade receivables: +€126,417
Equity and liabilities
- Accrued charges and deferred income +€416,666
up €416,666 (+42.8%), from €973,530 to €1.4m
- Profit (loss) carried forward -€275,520
down €275,520 (-10.5%), from -€2.6m to -€2.9m
- Trade debts -€111,621
down €111,621 (-59.0%), from €189,258 to €77,637
Income statement
- Gross operating margin +€87,614
up €87,614 (+18.7%), from €467,372 to €554,986
- Other operating charges +€45,201
up €45,201 (+22.4%), from €201,510 to €246,711
- Depreciation +€14,631
up €14,631 (+7.2%), from €201,843 to €216,474
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
-€265,372
Gross operating margin
+€87,614
Depreciation
-€14,631
Other operating charges
-€45,201
Other operating items
-€42,401
Financial income
-€632
Financial charges
+€5,102
Result 2025
-€275,520
raises the resultlowers the resultnot broken down further in the accounts
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
+€89,802
Investment
-€34,019
Financing
€0
Cash 2024
€612,009
From operations (derived)
+€89,802
Net result for the year
-€275,520
Depreciation
+€216,474
Receivables within one year
-€130,009
Deferred charges and accrued income
-€26,188
Trade debts
-€111,621
Accrued charges and deferred income
+€416,666
Investment (derived)
-€34,019
Investment in fixed assets (net)
-€34,019
Cash 2025
€667,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,420,160 | €6,449,685 | +€29,525 | +0.5% |
| Fixed assets | 21/28 | €5,529,196 | €5,346,741 | -€182,454 | -3.3% |
| Tangible fixed assets | 22/27 | €5,529,196 | €5,346,741 | -€182,454 | -3.3% |
| Land and buildings | 22 | €5,509,169 | €5,345,939 | -€163,231 | -3.0% |
| Plant, machinery and equipment | 23 | €1,154 | €803 | -€351 | -30.4% |
| Assets under construction and advance payments | 27 | €18,873 | - | -€18,873 | |
| Current assets | 29/58 | €890,965 | €1,102,944 | +€211,979 | +23.8% |
| Amounts receivable within one year | 40/41 | €190,399 | €320,408 | +€130,009 | +68.3% |
| Trade receivables | 40 | €38,966 | €165,384 | +€126,417 | +324% |
| Other amounts receivable | 41 | €151,433 | €155,024 | +€3,591 | +2.4% |
| Cash at bank and in hand | 54/58 | €612,009 | €667,791 | +€55,782 | +9.1% |
| Deferred charges and accrued income | 490/1 | €88,556 | €114,744 | +€26,188 | +29.6% |
| Total equity and liabilities | 10/49 | €6,420,160 | €6,449,685 | +€29,525 | +0.5% |
| Equity | 10/15 | -€1,262,828 | -€1,538,347 | -€275,520 | -21.8% |
| Contributions | 10/11 | €1,350,000 | €1,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,612,828 | -€2,888,347 | -€275,520 | -10.5% |
| Amounts payable | 17/49 | €7,682,988 | €7,988,033 | +€305,045 | +4.0% |
| Amounts payable after more than one year | 17 | €6,490,200 | €6,490,200 | = | 0.0% |
| Financial debts | 170/4 | €6,490,200 | €6,490,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,258 | €107,637 | -€111,621 | -50.9% |
| Trade debts | 44 | €189,258 | €77,637 | -€111,621 | -59.0% |
| Suppliers | 440/4 | €189,258 | €77,637 | -€111,621 | -59.0% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €973,530 | €1,390,196 | +€416,666 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,843 | €216,474 | +€14,631 | +7.2% |
| Other operating charges | 640/8 | €201,510 | €246,711 | +€45,201 | +22.4% |
| Non-recurring operating charges | 66A | - | €42,401 | +€42,401 | |
| Gross operating margin | 9900 | €467,372 | €554,986 | +€87,614 | +18.7% |
| Operating profit (loss) | 9901 | €64,019 | €49,400 | -€14,619 | -22.8% |
| Financial income | 75/76B | €632 | - | -€632 | |
| Recurring financial income | 75 | €632 | - | -€632 | |
| Financial charges | 65/66B | €330,023 | €324,920 | -€5,102 | -1.5% |
| Recurring financial charges | 65 | €330,023 | €324,920 | -€5,102 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€265,372 | -€275,520 | -€10,148 | -3.8% |
| Profit (loss) for the period | 9904 | -€265,372 | -€275,520 | -€10,148 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€265,372 | -€275,520 | -€10,148 | -3.8% |
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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 7 November 2026 via checked.be.