LOUKAL: 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.
LOUKAL
Largest movements
- Tangible fixed assets +€118,053
up €118,053 (+352.1%), from €33,526 to €151,578
of which Furniture and vehicles: +€121,732
- Receivables within one year +€31,104
up €31,104 (+115.9%), from €26,827 to €57,931
of which Trade receivables: +€27,029
- Deferred charges and accrued income -€2,654
no longer reported in 2025 (was €2,654)
- Debts after one year +€111,802
new in 2025: €111,802
- Current portion of long-term debt +€29,437
new in 2025: €29,437
- Contributions +€5,050
up €5,050 (+404.0%), from €1,250 to €6,300
- Profit (loss) carried forward +€3,003
up €3,003 (+5.7%), from €52,814 to €55,817
- Gross operating margin -€23,130
down €23,130 (-38.8%), from €59,625 to €36,495
- Depreciation +€18,748
up €18,748 (+5454.5%), from €344 to €19,091
- Taxes -€9,717
down €9,717 (-82.4%), from €11,792 to €2,075
- Other operating charges +€9,236
up €9,236 (+1592.2%), from €580 to €9,816
- Financial charges +€2,208
up €2,208 (+587.5%), from €376 to €2,584
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 | €68,434 | €216,684 | +€148,250 | +216.6% |
| Fixed assets | 21/28 | €33,526 | €151,578 | +€118,053 | +352.1% |
| Tangible fixed assets | 22/27 | €33,526 | €151,578 | +€118,053 | +352.1% |
| Land and buildings | 22 | €11,200 | €11,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,358 | €9,678 | -€3,680 | -27.5% |
| Furniture and vehicles | 24 | €8,968 | €130,700 | +€121,732 | +1357.4% |
| Current assets | 29/58 | €34,908 | €65,105 | +€30,198 | +86.5% |
| Amounts receivable within one year | 40/41 | €26,827 | €57,931 | +€31,104 | +115.9% |
| Trade receivables | 40 | €827 | €27,855 | +€27,029 | +3270.1% |
| Other amounts receivable | 41 | €26,000 | €30,075 | +€4,075 | +15.7% |
| Cash at bank and in hand | 54/58 | €5,427 | €7,175 | +€1,747 | +32.2% |
| Deferred charges and accrued income | 490/1 | €2,654 | - | -€2,654 | |
| Total equity and liabilities | 10/49 | €68,434 | €216,684 | +€148,250 | +216.6% |
| Equity | 10/15 | €54,064 | €62,117 | +€8,053 | +14.9% |
| Contributions | 10/11 | €1,250 | €6,300 | +€5,050 | +404.0% |
| Profit (loss) carried forward | 14 | €52,814 | €55,817 | +€3,003 | +5.7% |
| Amounts payable | 17/49 | €14,370 | €154,567 | +€140,198 | +975.7% |
| Amounts payable after more than one year | 17 | - | €111,802 | +€111,802 | |
| Financial debts | 170/4 | - | €111,802 | +€111,802 | |
| Amounts payable within one year | 42/48 | €14,370 | €42,765 | +€28,396 | +197.6% |
| Current portion of amounts payable after more than one year | 42 | - | €29,437 | +€29,437 | |
| Trade debts | 44 | €684 | €1,623 | +€939 | +137.2% |
| Suppliers | 440/4 | €684 | €1,623 | +€939 | +137.2% |
| Taxes, remuneration and social security | 45 | €13,685 | €11,705 | -€1,980 | -14.5% |
| Taxes | 450/3 | €13,685 | €11,353 | -€2,332 | -17.0% |
| Remuneration and social security | 454/9 | - | €352 | +€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €19,091 | +€18,748 | +5454.5% |
| Other operating charges | 640/8 | €580 | €9,816 | +€9,236 | +1592.2% |
| Gross operating margin | 9900 | €59,625 | €36,495 | -€23,130 | -38.8% |
| Operating profit (loss) | 9901 | €58,701 | €7,588 | -€51,113 | -87.1% |
| Financial income | 75/76B | €22 | €73 | +€52 | +234.5% |
| Recurring financial income | 75 | €22 | €73 | +€52 | +234.5% |
| Financial charges | 65/66B | €376 | €2,584 | +€2,208 | +587.5% |
| Recurring financial charges | 65 | €376 | €2,584 | +€2,208 | +587.5% |
| Profit (loss) for the period before taxes | 9903 | €58,347 | €5,077 | -€53,270 | -91.3% |
| Income taxes | 67/77 | €11,792 | €2,075 | -€9,717 | -82.4% |
| Profit (loss) for the period | 9904 | €46,555 | €3,003 | -€43,552 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,555 | €3,003 | -€43,552 | -93.6% |
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 7 October 2026 via checked.be.