LOUMAN: 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.
LOUMAN
Largest movements
- Cash +€29,121
up €29,121 (+73.2%), from €39,799 to €68,920
mainly Net result for the year (+€81,385) and Depreciation (+€4,462)
- Tangible fixed assets +€18,880
up €18,880 (+371%), from €5,082 to €23,962
of which Furniture and vehicles: +€12,849
- Receivables within one year +€11,306
up €11,306 (+33.5%), from €33,759 to €45,065
of which Trade receivables: +€11,845
- Reserves +€81,385
up €81,385 (+542%), from €15,027 to €96,412
of which Distributable reserves: +€81,385
- Tax, wage and social debts -€23,608
down €23,608 (-56.5%), from €41,798 to €18,189
- Other debts +€2,895
up €2,895 (+90,740%), from €3 to €2,898
- Gross operating margin +€123,743
up €123,743, from -€16,832 to €106,911
- Taxes +€17,527
up €17,527 (+6,428%), from €273 to €17,800
- Depreciation +€1,499
up €1,499 (+50.6%), from €2,963 to €4,462
- Other operating charges +€1,496
up €1,496 (+167%), from €897 to €2,393
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 | €78,966 | €138,604 | +€59,638 | +75.5% |
| Fixed assets | 21/28 | €5,082 | €23,962 | +€18,880 | +371% |
| Tangible fixed assets | 22/27 | €5,082 | €23,962 | +€18,880 | +371% |
| Plant, machinery and equipment | 23 | €3,342 | €9,372 | +€6,030 | +180% |
| Furniture and vehicles | 24 | €1,740 | €14,589 | +€12,849 | +738% |
| Current assets | 29/58 | €73,884 | €114,642 | +€40,758 | +55.2% |
| Amounts receivable within one year | 40/41 | €33,759 | €45,065 | +€11,306 | +33.5% |
| Trade receivables | 40 | €13,552 | €25,397 | +€11,845 | +87.4% |
| Other amounts receivable | 41 | €20,207 | €19,668 | -€539 | -2.7% |
| Cash at bank and in hand | 54/58 | €39,799 | €68,920 | +€29,121 | +73.2% |
| Deferred charges and accrued income | 490/1 | €325 | €657 | +€331 | +102% |
| Total equity and liabilities | 10/49 | €78,966 | €138,604 | +€59,638 | +75.5% |
| Equity | 10/15 | €33,627 | €115,012 | +€81,385 | +242% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,027 | €96,412 | +€81,385 | +542% |
| Non-distributable reserves | 130/1 | €1,847 | €1,847 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,847 | €1,847 | = | 0.0% |
| Distributable reserves | 133 | €13,180 | €94,565 | +€81,385 | +617% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,338 | €23,591 | -€21,747 | -48.0% |
| Amounts payable within one year | 42/48 | €45,338 | €23,591 | -€21,747 | -48.0% |
| Financial debts | 43 | €447 | €439 | -€8 | -1.8% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €447 | €439 | -€8 | -1.8% |
| Trade debts | 44 | €3,091 | €2,066 | -€1,025 | -33.2% |
| Suppliers | 440/4 | €3,091 | €2,066 | -€1,025 | -33.2% |
| Taxes, remuneration and social security | 45 | €41,798 | €18,189 | -€23,608 | -56.5% |
| Taxes | 450/3 | €41,798 | €18,189 | -€23,608 | -56.5% |
| Other amounts payable | 47/48 | €3 | €2,898 | +€2,895 | +90,740% |
| Remuneration, social security and pensions | 62 | €666 | €0 | -€666 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €4,462 | +€1,499 | +50.6% |
| Other operating charges | 640/8 | €897 | €2,393 | +€1,496 | +167% |
| Gross operating margin | 9900 | -€16,832 | €106,911 | +€123,743 | |
| Operating profit (loss) | 9901 | -€21,357 | €100,056 | +€121,413 | |
| Financial income | 75/76B | €41 | €0 | -€41 | -100% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100% |
| Financial charges | 65/66B | €865 | €871 | +€6 | +0.7% |
| Recurring financial charges | 65 | €865 | €871 | +€6 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,182 | €99,185 | +€121,366 | |
| Income taxes | 67/77 | €273 | €17,800 | +€17,527 | +6,428% |
| Profit (loss) for the period | 9904 | -€22,454 | €81,385 | +€103,839 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,454 | €81,385 | +€103,839 |
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 16 October 2026 via checked.be.