LOUISE LESS: 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 LESS
Largest movements
- Cash -€12,491
down €12,491 (-27.3%), from €45,802 to €33,310
mainly Advances received (-€12,584) and Tax, wage and social debts (-€7,213)
- Receivables within one year -€8,613
down €8,613 (-32.7%), from €26,320 to €17,707
of which Trade receivables: -€9,625
- Advances received -€12,584
no longer reported in 2025 (was €12,584)
- Tax, wage and social debts -€7,213
down €7,213 (-97.7%), from €7,384 to €171
- Trade debts -€2,984
down €2,984 (-75.1%), from €3,973 to €989
- Profit (loss) carried forward +€1,782
up €1,782 (+9.9%), from €17,957 to €19,738
- Gross operating margin -€17,075
down €17,075 (-70.8%), from €24,101 to €7,026
- Taxes -€4,995
down €4,995 (-69.2%), from €7,213 to €2,219
- Staff costs -€526
down €526 (-18.3%), from €2,865 to €2,340
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 | €73,385 | €52,385 | -€21,000 | -28.6% |
| Fixed assets | 21/28 | €1,237 | €855 | -€383 | -30.9% |
| Tangible fixed assets | 22/27 | €1,237 | €855 | -€383 | -30.9% |
| Furniture and vehicles | 24 | €1,237 | €855 | -€383 | -30.9% |
| Current assets | 29/58 | €72,148 | €51,531 | -€20,617 | -28.6% |
| Amounts receivable within one year | 40/41 | €26,320 | €17,707 | -€8,613 | -32.7% |
| Trade receivables | 40 | €10,710 | €1,084 | -€9,625 | -89.9% |
| Other amounts receivable | 41 | €15,610 | €16,623 | +€1,013 | +6.5% |
| Cash at bank and in hand | 54/58 | €45,802 | €33,310 | -€12,491 | -27.3% |
| Deferred charges and accrued income | 490/1 | €26 | €513 | +€487 | +1,904% |
| Total equity and liabilities | 10/49 | €73,385 | €52,385 | -€21,000 | -28.6% |
| Equity | 10/15 | €49,444 | €51,225 | +€1,782 | +3.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,957 | €19,738 | +€1,782 | +9.9% |
| Amounts payable | 17/49 | €23,941 | €1,160 | -€22,781 | -95.2% |
| Amounts payable within one year | 42/48 | €23,941 | €1,160 | -€22,781 | -95.2% |
| Trade debts | 44 | €3,973 | €989 | -€2,984 | -75.1% |
| Suppliers | 440/4 | €3,973 | €989 | -€2,984 | -75.1% |
| Advances received on contracts in progress | 46 | €12,584 | - | -€12,584 | |
| Taxes, remuneration and social security | 45 | €7,384 | €171 | -€7,213 | -97.7% |
| Taxes | 450/3 | €7,384 | €171 | -€7,213 | -97.7% |
| Remuneration, social security and pensions | 62 | €2,865 | €2,340 | -€526 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,021 | €886 | -€136 | -13.3% |
| Other operating charges | 640/8 | €172 | €195 | +€23 | +13.1% |
| Gross operating margin | 9900 | €24,101 | €7,026 | -€17,075 | -70.8% |
| Operating profit (loss) | 9901 | €20,043 | €3,606 | -€16,436 | -82.0% |
| Financial income | 75/76B | €781 | €740 | -€42 | -5.3% |
| Recurring financial income | 75 | €781 | €740 | -€42 | -5.3% |
| Financial charges | 65/66B | €314 | €345 | +€31 | +10.0% |
| Recurring financial charges | 65 | €314 | €345 | +€31 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €20,510 | €4,000 | -€16,509 | -80.5% |
| Income taxes | 67/77 | €7,213 | €2,219 | -€4,995 | -69.2% |
| Profit (loss) for the period | 9904 | €13,296 | €1,782 | -€11,515 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,296 | €1,782 | -€11,515 | -86.6% |
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 22 October 2026 via checked.be.