LOUISEAU VI: what changed
LOUISEAU VI
Largest movements
- Tangible fixed assets +€100,551
up €100,551 (+6.5%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€106,883
- Cash +€97,408
up €97,408 (+518%), from €18,810 to €116,218
mainly Depreciation (+€67,022) and Accrued charges and deferred income (+€60,580)
- Financial fixed assets -€95,000
down €95,000 (-31.5%), from €302,000 to €207,000
- Accrued charges and deferred income +€60,580
up €60,580 (+154%), from €39,402 to €99,982
- Debts after one year -€46,500
down €46,500 (-8.3%), from €563,000 to €516,500
- Trade debts +€36,090
up €36,090 (+43.4%), from €83,098 to €119,187
- Reserves +€33,384
up €33,384 (+5.3%), from €627,942 to €661,326
of which Distributable reserves: +€56,538
- Tax, wage and social debts +€26,518
up €26,518 (+109%), from €24,371 to €50,889
of which Taxes: +€30,389
- Other operating charges -€26,284
down €26,284 (-51.8%), from €50,699 to €24,415
- Gross operating margin +€18,214
up €18,214 (+11.2%), from €162,114 to €180,328
- Taxes +€14,684
up €14,684 (+95.2%), from €15,425 to €30,110
- Depreciation +€7,912
up €7,912 (+13.4%), from €59,111 to €67,022
- Financial charges -€5,973
down €5,973 (-26.5%), from €22,501 to €16,528
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,061,882 | €2,161,808 | +€99,926 | +4.8% |
| Fixed assets | 21/28 | €1,856,151 | €1,861,701 | +€5,551 | +0.3% |
| Tangible fixed assets | 22/27 | €1,554,151 | €1,654,701 | +€100,551 | +6.5% |
| Land and buildings | 22 | €1,509,207 | €1,463,000 | -€46,208 | -3.1% |
| Plant, machinery and equipment | 23 | €43,212 | €150,095 | +€106,883 | +247% |
| Furniture and vehicles | 24 | €1,732 | €41,607 | +€39,875 | +2,302% |
| Financial fixed assets | 28 | €302,000 | €207,000 | -€95,000 | -31.5% |
| Current assets | 29/58 | €205,731 | €300,107 | +€94,375 | +45.9% |
| Amounts receivable within one year | 40/41 | €182,264 | €182,264 | = | 0.0% |
| Other amounts receivable | 41 | €182,264 | €182,264 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,810 | €116,218 | +€97,408 | +518% |
| Deferred charges and accrued income | 490/1 | €4,657 | €1,624 | -€3,033 | -65.1% |
| Total equity and liabilities | 10/49 | €2,061,882 | €2,161,808 | +€99,926 | +4.8% |
| Equity | 10/15 | €1,081,768 | €1,115,152 | +€33,384 | +3.1% |
| Contributions | 10/11 | €262,074 | €262,074 | = | 0.0% |
| Capital | 10 | €262,074 | €262,074 | = | 0.0% |
| Issued capital | 100 | €262,074 | €262,074 | = | 0.0% |
| Reserves | 13 | €627,942 | €661,326 | +€33,384 | +5.3% |
| Non-distributable reserves | 130/1 | €26,207 | €26,207 | = | 0.0% |
| Legal reserve | 130 | €26,207 | €26,207 | = | 0.0% |
| Tax-exempt reserves | 132 | €490,869 | €467,715 | -€23,154 | -4.7% |
| Distributable reserves | 133 | €110,866 | €167,404 | +€56,538 | +51.0% |
| Profit (loss) carried forward | 14 | €191,753 | €191,753 | = | 0.0% |
| Provisions and deferred taxes | 16 | €214,496 | €206,778 | -€7,718 | -3.6% |
| Deferred taxes | 168 | €214,496 | €206,778 | -€7,718 | -3.6% |
| Amounts payable | 17/49 | €765,618 | €839,878 | +€74,260 | +9.7% |
| Amounts payable after more than one year | 17 | €563,000 | €516,500 | -€46,500 | -8.3% |
| Financial debts | 170/4 | €563,000 | €516,500 | -€46,500 | -8.3% |
| Amounts payable within one year | 42/48 | €163,216 | €223,396 | +€60,180 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €83,098 | €119,187 | +€36,090 | +43.4% |
| Suppliers | 440/4 | €83,098 | €119,187 | +€36,090 | +43.4% |
| Taxes, remuneration and social security | 45 | €24,371 | €50,889 | +€26,518 | +109% |
| Taxes | 450/3 | €17,617 | €48,006 | +€30,389 | +173% |
| Remuneration and social security | 454/9 | €6,755 | €2,884 | -€3,871 | -57.3% |
| Other amounts payable | 47/48 | €35,747 | €33,319 | -€2,428 | -6.8% |
| Accrued charges and deferred income | 492/3 | €39,402 | €99,982 | +€60,580 | +154% |
| Remuneration, social security and pensions | 62 | €19,782 | €20,240 | +€458 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,111 | €67,022 | +€7,912 | +13.4% |
| Other operating charges | 640/8 | €50,699 | €24,415 | -€26,284 | -51.8% |
| Gross operating margin | 9900 | €162,114 | €180,328 | +€18,214 | +11.2% |
| Operating profit (loss) | 9901 | €32,522 | €68,650 | +€36,128 | +111% |
| Financial income | 75/76B | €4,657 | €3,653 | -€1,005 | -21.6% |
| Recurring financial income | 75 | €4,657 | €3,653 | -€1,005 | -21.6% |
| Financial charges | 65/66B | €22,501 | €16,528 | -€5,973 | -26.5% |
| Recurring financial charges | 65 | €22,501 | €16,528 | -€5,973 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €14,679 | €55,776 | +€41,097 | +280% |
| Transfer from deferred taxes | 780 | €7,718 | €7,718 | = | 0.0% |
| Income taxes | 67/77 | €15,425 | €30,110 | +€14,684 | +95.2% |
| Profit (loss) for the period | 9904 | €6,972 | €33,384 | +€26,412 | +379% |
| Transfer from tax-exempt reserves | 789 | €23,154 | €23,154 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,126 | €56,538 | +€26,412 | +87.7% |
Next steps
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 5 November 2026 via checked.be.