LOUISE B: 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 B
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year +€5,807
up €5,807 (+55.3%), from €10,500 to €16,307
of which Other amounts receivable: +€5,807
- Deferred charges and accrued income +€1,611
new in 2025: €1,611
- Cash -€1,499
down €1,499 (-4.7%), from €32,109 to €30,610
mainly Current investments (-€20,000) and Receivables within one year (-€5,807)
- Profit (loss) carried forward +€28,094
new in 2025: €28,094
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Other debts -€4,823
down €4,823 (-100%), from €4,823 to €0
- Tax, wage and social debts -€3,594
down €3,594 (-37.5%), from €9,583 to €5,989
- Advances received +€908
new in 2025: €908
- Taxes -€3,107
down €3,107 (-25.7%), from €12,078 to €8,971
- Gross operating margin -€2,113
down €2,113 (-5.1%), from €41,563 to €39,450
- Financial charges +€1,090
up €1,090 (+1,078%), from €101 to €1,191
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
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 | €45,530 | €71,151 | +€25,620 | +56.3% |
| Fixed assets | 21/28 | €2,921 | €2,623 | -€298 | -10.2% |
| Tangible fixed assets | 22/27 | €2,921 | €2,623 | -€298 | -10.2% |
| Furniture and vehicles | 24 | €2,921 | €2,623 | -€298 | -10.2% |
| Current assets | 29/58 | €42,609 | €68,528 | +€25,919 | +60.8% |
| Amounts receivable within one year | 40/41 | €10,500 | €16,307 | +€5,807 | +55.3% |
| Trade receivables | 40 | €10,500 | €10,500 | = | 0.0% |
| Other amounts receivable | 41 | - | €5,807 | +€5,807 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €32,109 | €30,610 | -€1,499 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €1,611 | +€1,611 | |
| Total equity and liabilities | 10/49 | €45,530 | €71,151 | +€25,620 | +56.3% |
| Equity | 10/15 | €29,932 | €58,026 | +€28,094 | +93.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €28,432 | €28,432 | = | 0.0% |
| Distributable reserves | 133 | €28,432 | €28,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €28,094 | +€28,094 | |
| Amounts payable | 17/49 | €15,598 | €13,125 | -€2,473 | -15.9% |
| Amounts payable within one year | 42/48 | €15,598 | €8,125 | -€7,473 | -47.9% |
| Trade debts | 44 | €1,192 | €1,228 | +€37 | +3.1% |
| Suppliers | 440/4 | €1,192 | €1,228 | +€37 | +3.1% |
| Advances received on contracts in progress | 46 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €9,583 | €5,989 | -€3,594 | -37.5% |
| Taxes | 450/3 | €9,583 | €5,989 | -€3,594 | -37.5% |
| Other amounts payable | 47/48 | €4,823 | €0 | -€4,823 | -100% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €298 | +€236 | +376% |
| Other operating charges | 640/8 | €890 | €898 | +€8 | +0.9% |
| Gross operating margin | 9900 | €41,563 | €39,450 | -€2,113 | -5.1% |
| Operating profit (loss) | 9901 | €40,611 | €38,253 | -€2,357 | -5.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +20,700% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +20,700% |
| Financial charges | 65/66B | €101 | €1,191 | +€1,090 | +1,078% |
| Recurring financial charges | 65 | €101 | €1,191 | +€1,090 | +1,078% |
| Profit (loss) for the period before taxes | 9903 | €40,510 | €37,064 | -€3,445 | -8.5% |
| Income taxes | 67/77 | €12,078 | €8,971 | -€3,107 | -25.7% |
| Profit (loss) for the period | 9904 | €28,432 | €28,094 | -€339 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,432 | €28,094 | -€339 | -1.2% |
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 29 October 2026 via checked.be.