LOUMAX: 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.
LOUMAX
Largest movements
- Cash +€174,778
up €174,778 (+96.1%), from €181,873 to €356,650
mainly Net result for the year (+€353,375) and Other debts (+€160,995)
- Receivables within one year -€14,665
down €14,665 (-48.1%), from €30,469 to €15,804
- Tangible fixed assets -€13,174
down €13,174 (-3.5%), from €379,140 to €365,966
of which Land and buildings: -€11,060
- Other debts +€160,995
up €160,995 (+36052.3%), from €447 to €161,442
- Debts after one year -€29,208
down €29,208 (-17.6%), from €166,310 to €137,102
- Tax, wage and social debts +€17,421
up €17,421 (+43.0%), from €40,500 to €57,921
- Gross operating margin +€227,141
up €227,141 (+84.1%), from €270,058 to €497,199
- Taxes +€60,776
up €60,776 (+102.7%), from €59,196 to €119,971
- Financial income -€12,737
down €12,737 (-84.3%), from €15,105 to €2,368
- Other operating charges -€11,298
down €11,298 (-74.1%), from €15,246 to €3,948
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 | €605,168 | €748,909 | +€143,741 | +23.8% |
| Fixed assets | 21/28 | €384,140 | €370,966 | -€13,174 | -3.4% |
| Tangible fixed assets | 22/27 | €379,140 | €365,966 | -€13,174 | -3.5% |
| Land and buildings | 22 | €369,487 | €358,427 | -€11,060 | -3.0% |
| Plant, machinery and equipment | 23 | €1,088 | €414 | -€674 | -62.0% |
| Furniture and vehicles | 24 | €8,565 | €7,126 | -€1,439 | -16.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €221,029 | €377,944 | +€156,915 | +71.0% |
| Amounts receivable within one year | 40/41 | €30,469 | €15,804 | -€14,665 | -48.1% |
| Other amounts receivable | 41 | €30,469 | €15,804 | -€14,665 | -48.1% |
| Cash at bank and in hand | 54/58 | €181,873 | €356,650 | +€174,778 | +96.1% |
| Deferred charges and accrued income | 490/1 | €8,687 | €5,489 | -€3,198 | -36.8% |
| Total equity and liabilities | 10/49 | €605,168 | €748,909 | +€143,741 | +23.8% |
| Equity | 10/15 | €377,293 | €377,668 | +€375 | +0.1% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,131 | €6,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,162 | €41,537 | +€375 | +0.9% |
| Amounts payable | 17/49 | €227,875 | €371,242 | +€143,366 | +62.9% |
| Amounts payable after more than one year | 17 | €166,310 | €137,102 | -€29,208 | -17.6% |
| Financial debts | 170/4 | €166,310 | €137,102 | -€29,208 | -17.6% |
| Amounts payable within one year | 42/48 | €61,565 | €234,140 | +€172,574 | +280.3% |
| Current portion of amounts payable after more than one year | 42 | €19,921 | €14,208 | -€5,713 | -28.7% |
| Trade debts | 44 | €698 | €568 | -€129 | -18.5% |
| Suppliers | 440/4 | €698 | €568 | -€129 | -18.5% |
| Taxes, remuneration and social security | 45 | €40,500 | €57,921 | +€17,421 | +43.0% |
| Taxes | 450/3 | €40,500 | €57,921 | +€17,421 | +43.0% |
| Other amounts payable | 47/48 | €447 | €161,442 | +€160,995 | +36052.3% |
| Non-recurring operating income | 76A | €14,800 | - | -€14,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,244 | €17,016 | -€228 | -1.3% |
| Other operating charges | 640/8 | €15,246 | €3,948 | -€11,298 | -74.1% |
| Gross operating margin | 9900 | €270,058 | €497,199 | +€227,141 | +84.1% |
| Operating profit (loss) | 9901 | €237,568 | €476,235 | +€238,667 | +100.5% |
| Financial income | 75/76B | €15,105 | €2,368 | -€12,737 | -84.3% |
| Recurring financial income | 75 | €15,105 | €2,368 | -€12,737 | -84.3% |
| Financial charges | 65/66B | €4,178 | €5,256 | +€1,078 | +25.8% |
| Recurring financial charges | 65 | €4,178 | €5,256 | +€1,078 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €248,495 | €473,346 | +€224,852 | +90.5% |
| Income taxes | 67/77 | €59,196 | €119,971 | +€60,776 | +102.7% |
| Profit (loss) for the period | 9904 | €189,299 | €353,375 | +€164,076 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €189,299 | €353,375 | +€164,076 | +86.7% |
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 10 October 2026 via checked.be.