LOULIMAX: 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.
LOULIMAX
Largest movements
- Cash -€17,921
down €17,921 (-66.9%), from €26,790 to €8,869
mainly Debts after one year (-€31,677) and Investment in fixed assets (net) (-€10,423)
- Tangible fixed assets -€10,988
down €10,988 (-1.8%), from €594,596 to €583,608
of which Land and buildings: -€14,841
- Current investments +€9,989
up €9,989 (+24.7%), from €40,508 to €50,497
- Debts after one year -€31,677
down €31,677 (-12.4%), from €256,136 to €224,459
- Reserves +€12,827
up €12,827 (+5.6%), from €229,802 to €242,628
of which Distributable reserves: +€19,211
- Gross operating margin -€13,798
down €13,798 (-22.8%), from €60,392 to €46,594
- Depreciation -€6,691
down €6,691 (-23.4%), from €28,636 to €21,945
- Financial charges -€5,331
down €5,331 (-59.2%), from €9,009 to €3,678
- Taxes -€2,147
down €2,147 (-21.2%), from €10,114 to €7,967
- Other operating charges +€1,690
up €1,690 (+41.8%), from €4,048 to €5,739
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 | €663,415 | €647,384 | -€16,032 | -2.4% |
| Fixed assets | 21/28 | €595,131 | €583,608 | -€11,523 | -1.9% |
| Tangible fixed assets | 22/27 | €594,596 | €583,608 | -€10,988 | -1.8% |
| Land and buildings | 22 | €572,102 | €557,261 | -€14,841 | -2.6% |
| Plant, machinery and equipment | 23 | €22,494 | €26,347 | +€3,853 | +17.1% |
| Financial fixed assets | 28 | €535 | - | -€535 | |
| Current assets | 29/58 | €68,284 | €63,776 | -€4,509 | -6.6% |
| Amounts receivable within one year | 40/41 | €568 | €3,648 | +€3,080 | +542.0% |
| Trade receivables | 40 | - | €68 | +€68 | |
| Other amounts receivable | 41 | €568 | €3,579 | +€3,011 | +530.0% |
| Current investments | 50/53 | €40,508 | €50,497 | +€9,989 | +24.7% |
| Cash at bank and in hand | 54/58 | €26,790 | €8,869 | -€17,921 | -66.9% |
| Deferred charges and accrued income | 490/1 | €418 | €762 | +€343 | +82.0% |
| Total equity and liabilities | 10/49 | €663,415 | €647,384 | -€16,032 | -2.4% |
| Equity | 10/15 | €292,816 | €305,501 | +€12,685 | +4.3% |
| Contributions | 10/11 | €62,872 | €62,872 | = | 0.0% |
| Reserves | 13 | €229,802 | €242,628 | +€12,827 | +5.6% |
| Tax-exempt reserves | 132 | €151,302 | €144,917 | -€6,385 | -4.2% |
| Distributable reserves | 133 | €78,500 | €97,711 | +€19,211 | +24.5% |
| Profit (loss) carried forward | 14 | €142 | - | -€142 | |
| Provisions and deferred taxes | 16 | €50,434 | €48,306 | -€2,128 | -4.2% |
| Deferred taxes | 168 | €50,434 | €48,306 | -€2,128 | -4.2% |
| Amounts payable | 17/49 | €320,165 | €293,578 | -€26,588 | -8.3% |
| Amounts payable after more than one year | 17 | €256,136 | €224,459 | -€31,677 | -12.4% |
| Financial debts | 170/4 | €256,136 | €224,459 | -€31,677 | -12.4% |
| Amounts payable within one year | 42/48 | €62,097 | €69,118 | +€7,021 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €31,046 | €31,677 | +€631 | +2.0% |
| Trade debts | 44 | - | €1,460 | +€1,460 | |
| Suppliers | 440/4 | - | €1,460 | +€1,460 | |
| Other amounts payable | 47/48 | €31,051 | €35,981 | +€4,930 | +15.9% |
| Accrued charges and deferred income | 492/3 | €1,932 | - | -€1,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,636 | €21,945 | -€6,691 | -23.4% |
| Other operating charges | 640/8 | €4,048 | €5,739 | +€1,690 | +41.8% |
| Gross operating margin | 9900 | €60,392 | €46,594 | -€13,798 | -22.8% |
| Operating profit (loss) | 9901 | €27,708 | €18,910 | -€8,798 | -31.8% |
| Financial income | 75/76B | €2,303 | €3,292 | +€988 | +42.9% |
| Recurring financial income | 75 | €2,303 | €3,292 | +€988 | +42.9% |
| Financial charges | 65/66B | €9,009 | €3,678 | -€5,331 | -59.2% |
| Recurring financial charges | 65 | €9,009 | €3,678 | -€5,331 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €21,002 | €18,523 | -€2,479 | -11.8% |
| Transfer from deferred taxes | 780 | €2,052 | €2,128 | +€76 | +3.7% |
| Income taxes | 67/77 | €10,114 | €7,967 | -€2,147 | -21.2% |
| Profit (loss) for the period | 9904 | €12,940 | €12,685 | -€256 | -2.0% |
| Transfer from tax-exempt reserves | 789 | €6,156 | €6,385 | +€229 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,096 | €19,069 | -€27 | -0.1% |
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 12 October 2026 via checked.be.