LOUMAR: 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.
LOUMAR
Largest movements
- Cash -€16,804
down €16,804 (-23.8%), from €70,702 to €53,898
mainly Debts after one year (-€54,106) and Investment in fixed assets (net) (-€24,194)
- Tangible fixed assets -€14,083
down €14,083 (-1.5%), from €959,276 to €945,193
of which Land and buildings: -€31,175
- Debts after one year -€54,106
down €54,106 (-6.4%), from €840,083 to €785,977
of which Financial debts: -€39,106
- Profit (loss) carried forward +€11,822
up €11,822, from -€11,822 to €0
- Gross operating margin +€23,221
up €23,221 (+40.9%), from €56,811 to €80,032
- Depreciation -€11,716
down €11,716 (-21.5%), from €54,551 to €42,835
- Financial charges -€9,096
down €9,096 (-71.5%), from €12,722 to €3,626
- Taxes +€3,118
up €3,118, from €0 to €3,118
- Other operating charges -€1,049
down €1,049 (-9.5%), from €11,097 to €10,048
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 | €1,072,048 | €1,025,913 | -€46,135 | -4.3% |
| Fixed assets | 21/28 | €963,985 | €945,344 | -€18,641 | -1.9% |
| Tangible fixed assets | 22/27 | €959,276 | €945,193 | -€14,083 | -1.5% |
| Land and buildings | 22 | €952,780 | €921,605 | -€31,175 | -3.3% |
| Plant, machinery and equipment | 23 | €4,238 | €21,870 | +€17,632 | +416.0% |
| Furniture and vehicles | 24 | €2,258 | €1,718 | -€540 | -23.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €4,709 | €151 | -€4,558 | -96.8% |
| Current assets | 29/58 | €108,062 | €80,568 | -€27,494 | -25.4% |
| Amounts receivable within one year | 40/41 | €7,404 | €30 | -€7,375 | -99.6% |
| Other amounts receivable | 41 | €7,404 | €30 | -€7,375 | -99.6% |
| Cash at bank and in hand | 54/58 | €70,702 | €53,898 | -€16,804 | -23.8% |
| Deferred charges and accrued income | 490/1 | €29,957 | €26,641 | -€3,316 | -11.1% |
| Total equity and liabilities | 10/49 | €1,072,048 | €1,025,913 | -€46,135 | -4.3% |
| Equity | 10/15 | €149,426 | €171,035 | +€21,608 | +14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €142,656 | €152,443 | +€9,786 | +6.9% |
| Tax-exempt reserves | 132 | €39,156 | €37,390 | -€1,766 | -4.5% |
| Distributable reserves | 133 | €103,500 | €115,052 | +€11,552 | +11.2% |
| Profit (loss) carried forward | 14 | -€11,822 | €0 | +€11,822 | |
| Provisions and deferred taxes | 16 | €20,162 | €19,252 | -€909 | -4.5% |
| Deferred taxes | 168 | €20,162 | €19,252 | -€909 | -4.5% |
| Amounts payable | 17/49 | €902,460 | €835,626 | -€66,834 | -7.4% |
| Amounts payable after more than one year | 17 | €840,083 | €785,977 | -€54,106 | -6.4% |
| Financial debts | 170/4 | €213,083 | €173,977 | -€39,106 | -18.4% |
| Other amounts payable | 178/9 | €627,000 | €612,000 | -€15,000 | -2.4% |
| Amounts payable within one year | 42/48 | €57,492 | €44,765 | -€12,728 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €45,517 | €39,106 | -€6,411 | -14.1% |
| Trade debts | 44 | €96 | €194 | +€98 | +101.9% |
| Suppliers | 440/4 | €96 | €194 | +€98 | +101.9% |
| Taxes, remuneration and social security | 45 | €0 | €1,242 | +€1,242 | |
| Taxes | 450/3 | €0 | €1,242 | +€1,242 | |
| Other amounts payable | 47/48 | €11,879 | €4,222 | -€7,657 | -64.5% |
| Accrued charges and deferred income | 492/3 | €4,884 | €4,884 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,551 | €42,835 | -€11,716 | -21.5% |
| Other operating charges | 640/8 | €11,097 | €10,048 | -€1,049 | -9.5% |
| Gross operating margin | 9900 | €56,811 | €80,032 | +€23,221 | +40.9% |
| Operating profit (loss) | 9901 | -€8,837 | €27,149 | +€35,986 | |
| Financial income | 75/76B | €98 | €293 | +€195 | +198.0% |
| Recurring financial income | 75 | €98 | €293 | +€195 | +198.0% |
| Financial charges | 65/66B | €12,722 | €3,626 | -€9,096 | -71.5% |
| Recurring financial charges | 65 | €12,722 | €3,626 | -€9,096 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,460 | €23,816 | +€45,277 | |
| Transfer from deferred taxes | 780 | €909 | €909 | = | 0.0% |
| Income taxes | 67/77 | €0 | €3,118 | +€3,118 | |
| Profit (loss) for the period | 9904 | -€20,551 | €21,608 | +€42,159 | |
| Transfer from tax-exempt reserves | 789 | €1,766 | €1,766 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,785 | €23,374 | +€42,159 |
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 5 October 2026 via checked.be.