LOUISE 479: 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 479
Largest movements
- Receivables within one year +€9,143
up €9,143 (+1.5%), from €611,866 to €621,009
- Reserves +€7,063
up €7,063 (+2.6%), from €271,701 to €278,764
of which Distributable reserves: +€7,063
- Taxes +€2,123
up €2,123 (+474%), from €448 to €2,571
- Financial income -€610
down €610 (-5.0%), from €12,221 to €11,611
- Gross operating margin +€118
up €118 (+7.0%), from -€1,696 to -€1,578
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.
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,866 | €621,009 | +€9,143 | +1.5% |
| Current assets | 29/58 | €611,866 | €621,009 | +€9,143 | +1.5% |
| Amounts receivable within one year | 40/41 | €611,866 | €621,009 | +€9,143 | +1.5% |
| Other amounts receivable | 41 | €611,866 | €621,009 | +€9,143 | +1.5% |
| Total equity and liabilities | 10/49 | €611,866 | €621,009 | +€9,143 | +1.5% |
| Equity | 10/15 | €290,701 | €297,764 | +€7,063 | +2.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €271,701 | €278,764 | +€7,063 | +2.6% |
| Tax-exempt reserves | 132 | €247,042 | €247,042 | = | 0.0% |
| Distributable reserves | 133 | €24,659 | €31,722 | +€7,063 | +28.6% |
| Provisions and deferred taxes | 16 | €309,138 | €309,138 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €309,138 | €309,138 | = | 0.0% |
| Environmental obligations | 163 | €309,138 | €309,138 | = | 0.0% |
| Amounts payable | 17/49 | €12,026 | €14,107 | +€2,081 | +17.3% |
| Amounts payable within one year | 42/48 | €12,026 | €14,107 | +€2,081 | +17.3% |
| Trade debts | 44 | €11,578 | €11,088 | -€490 | -4.2% |
| Suppliers | 440/4 | €11,578 | €11,088 | -€490 | -4.2% |
| Taxes, remuneration and social security | 45 | €448 | €3,019 | +€2,571 | +574% |
| Taxes | 450/3 | €448 | €3,019 | +€2,571 | +574% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,696 | -€1,578 | +€118 | +7.0% |
| Operating profit (loss) | 9901 | -€2,084 | -€1,978 | +€106 | +5.1% |
| Financial income | 75/76B | €12,221 | €11,611 | -€610 | -5.0% |
| Recurring financial income | 75 | €12,221 | €11,611 | -€610 | -5.0% |
| Financial charges | 65/66B | €7 | - | -€7 | |
| Recurring financial charges | 65 | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | €10,131 | €9,633 | -€497 | -4.9% |
| Income taxes | 67/77 | €448 | €2,571 | +€2,123 | +474% |
| Profit (loss) for the period | 9904 | €9,683 | €7,063 | -€2,620 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,683 | €7,063 | -€2,620 | -27.1% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.