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
- Stocks and contracts -€3,572
down €3,572 (-46.7%), from €7,644 to €4,072
- Cash -€2,502
down €2,502 (-14.1%), from €17,797 to €15,295
mainly Net result for the year (-€3,368) and Other debts (-€1,231)
- Tangible fixed assets -€888
down €888 (-23.8%), from €3,737 to €2,849
of which Plant, machinery and equipment: -€714
- Receivables within one year +€712
up €712 (+12.8%), from €5,577 to €6,289
of which Trade receivables: +€717
- Profit (loss) carried forward -€3,368
down €3,368 (-23.6%), from -€14,257 to -€17,625
- Other debts -€1,231
down €1,231 (-9.8%), from €12,605 to €11,374
- Tax, wage and social debts -€1,131
down €1,131 (-46.4%), from €2,438 to €1,308
- Trade debts -€598
down €598 (-5.0%), from €11,993 to €11,395
- Gross operating margin -€9,756
down €9,756 (-99.2%), from €9,839 to €82
- Financial charges -€764
down €764 (-84.5%), from €904 to €140
- Other operating charges +€366
up €366 (+16.6%), from €2,200 to €2,566
- Depreciation +€147
up €147 (+19.9%), from €741 to €888
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 | €34,780 | €28,505 | -€6,275 | -18.0% |
| Fixed assets | 21/28 | €3,737 | €2,849 | -€888 | -23.8% |
| Tangible fixed assets | 22/27 | €3,737 | €2,849 | -€888 | -23.8% |
| Land and buildings | 22 | €1,710 | €1,536 | -€174 | -10.2% |
| Plant, machinery and equipment | 23 | €2,027 | €1,313 | -€714 | -35.2% |
| Current assets | 29/58 | €31,043 | €25,656 | -€5,387 | -17.4% |
| Stocks and contracts in progress | 3 | €7,644 | €4,072 | -€3,572 | -46.7% |
| Stocks | 30/36 | €7,644 | €4,072 | -€3,572 | -46.7% |
| Amounts receivable within one year | 40/41 | €5,577 | €6,289 | +€712 | +12.8% |
| Trade receivables | 40 | €5,550 | €6,267 | +€717 | +12.9% |
| Other amounts receivable | 41 | €27 | €23 | -€4 | -15.5% |
| Cash at bank and in hand | 54/58 | €17,797 | €15,295 | -€2,502 | -14.1% |
| Deferred charges and accrued income | 490/1 | €25 | €0 | -€25 | -100.0% |
| Total equity and liabilities | 10/49 | €34,780 | €28,505 | -€6,275 | -18.0% |
| Equity | 10/15 | €7,743 | €4,375 | -€3,368 | -43.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,257 | -€17,625 | -€3,368 | -23.6% |
| Amounts payable | 17/49 | €27,037 | €24,130 | -€2,906 | -10.7% |
| Amounts payable within one year | 42/48 | €27,037 | €24,077 | -€2,960 | -10.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,993 | €11,395 | -€598 | -5.0% |
| Suppliers | 440/4 | €11,993 | €11,395 | -€598 | -5.0% |
| Taxes, remuneration and social security | 45 | €2,438 | €1,308 | -€1,131 | -46.4% |
| Taxes | 450/3 | €2,438 | €1,308 | -€1,131 | -46.4% |
| Other amounts payable | 47/48 | €12,605 | €11,374 | -€1,231 | -9.8% |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €888 | +€147 | +19.9% |
| Other operating charges | 640/8 | €2,200 | €2,566 | +€366 | +16.6% |
| Gross operating margin | 9900 | €9,839 | €82 | -€9,756 | -99.2% |
| Operating profit (loss) | 9901 | €6,898 | -€3,371 | -€10,269 | |
| Financial income | 75/76B | €134 | €143 | +€9 | +6.7% |
| Recurring financial income | 75 | €134 | €143 | +€9 | +6.7% |
| Financial charges | 65/66B | €904 | €140 | -€764 | -84.5% |
| Recurring financial charges | 65 | €904 | €140 | -€764 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €6,128 | -€3,368 | -€9,496 | |
| Profit (loss) for the period | 9904 | €6,128 | -€3,368 | -€9,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,128 | -€3,368 | -€9,496 |
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.