LouisVE: what changed
Two fiscal 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.
LouisVE
Largest movements
- Cash -€101,424
down €101,424 (-85.3%), from €118,851 to €17,428
mainly Other debts (-€100,000) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets -€6,130
down €6,130 (-22.2%), from €27,568 to €21,438
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward -€11,727
down €11,727 (-39.5%), from €29,699 to €17,972
- Tax, wage and social debts +€2,261
up €2,261 (+9.5%), from €23,911 to €26,172
- Gross operating margin +€4,588
up €4,588 (+5.3%), from €87,139 to €91,727
- Depreciation +€3,048
up €3,048 (+98.9%), from €3,082 to €6,130
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.
Cash bridge derived
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 | €158,610 | €50,512 | -€108,098 | -68.2% |
| Fixed assets | 21/28 | €27,568 | €21,438 | -€6,130 | -22.2% |
| Tangible fixed assets | 22/27 | €27,568 | €21,438 | -€6,130 | -22.2% |
| Furniture and vehicles | 24 | €27,568 | €21,438 | -€6,130 | -22.2% |
| Current assets | 29/58 | €131,042 | €29,074 | -€101,968 | -77.8% |
| Amounts receivable within one year | 40/41 | €12,191 | €11,646 | -€545 | -4.5% |
| Trade receivables | 40 | €12,191 | €11,646 | -€545 | -4.5% |
| Cash at bank and in hand | 54/58 | €118,851 | €17,428 | -€101,424 | -85.3% |
| Total equity and liabilities | 10/49 | €158,610 | €50,512 | -€108,098 | -68.2% |
| Equity | 10/15 | €34,699 | €22,972 | -€11,727 | -33.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,699 | €17,972 | -€11,727 | -39.5% |
| Amounts payable | 17/49 | €123,911 | €27,540 | -€96,371 | -77.8% |
| Amounts payable within one year | 42/48 | €123,911 | €27,540 | -€96,371 | -77.8% |
| Trade debts | 44 | - | €1,368 | +€1,368 | |
| Suppliers | 440/4 | - | €1,368 | +€1,368 | |
| Taxes, remuneration and social security | 45 | €23,911 | €26,172 | +€2,261 | +9.5% |
| Taxes | 450/3 | €23,911 | €26,172 | +€2,261 | +9.5% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,082 | €6,130 | +€3,048 | +98.9% |
| Other operating charges | 640/8 | €181 | €183 | +€2 | +1.3% |
| Gross operating margin | 9900 | €87,139 | €91,727 | +€4,588 | +5.3% |
| Operating profit (loss) | 9901 | €83,876 | €85,414 | +€1,538 | +1.8% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €83,837 | €85,373 | +€1,536 | +1.8% |
| Income taxes | 67/77 | €16,803 | €17,100 | +€297 | +1.8% |
| Profit (loss) for the period | 9904 | €67,034 | €68,273 | +€1,239 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,034 | €68,273 | +€1,239 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.