LOUMAX: 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.
LOUMAX
Largest movements
- Cash -€139,281
down €139,281 (-45.5%), from €306,201 to €166,920
mainly Other debts (-€277,588) and Debts after one year (-€73,333)
- Receivables within one year -€76,033
down €76,033 (-15.5%), from €490,044 to €414,011
of which Other amounts receivable: -€76,033
- Tangible fixed assets -€61,386
down €61,386 (-4.6%), from €1.3m to €1.3m
of which Land and buildings: -€58,949
- Other debts -€277,588
down €277,588 (-73.0%), from €380,000 to €102,412
- Reserves +€162,081
up €162,081 (+12.0%), from €1.4m to €1.5m
of which Distributable reserves: +€162,081
- Debts after one year -€73,333
down €73,333 (-80.6%), from €90,968 to €17,635
of which Financial debts: -€73,333
- Tax, wage and social debts -€54,128
down €54,128 (-80.7%), from €67,052 to €12,925
of which Taxes: -€52,604
- Current portion of long-term debt -€41,331
down €41,331 (-23.6%), from €175,000 to €133,669
- Gross operating margin -€32,655
down €32,655 (-7.5%), from €436,398 to €403,743
- Taxes -€11,967
down €11,967 (-13.6%), from €87,797 to €75,829
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,137,027 | €1,862,627 | -€274,400 | -12.8% |
| Fixed assets | 21/28 | €1,340,782 | €1,279,396 | -€61,386 | -4.6% |
| Tangible fixed assets | 22/27 | €1,340,782 | €1,279,396 | -€61,386 | -4.6% |
| Land and buildings | 22 | €1,306,001 | €1,247,052 | -€58,949 | -4.5% |
| Plant, machinery and equipment | 23 | €12,242 | €9,804 | -€2,437 | -19.9% |
| Furniture and vehicles | 24 | €22,539 | €22,539 | = | 0.0% |
| Current assets | 29/58 | €796,245 | €583,231 | -€213,014 | -26.8% |
| Amounts receivable within one year | 40/41 | €490,044 | €414,011 | -€76,033 | -15.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €490,044 | €414,011 | -€76,033 | -15.5% |
| Cash at bank and in hand | 54/58 | €306,201 | €166,920 | -€139,281 | -45.5% |
| Deferred charges and accrued income | 490/1 | - | €2,300 | +€2,300 | |
| Total equity and liabilities | 10/49 | €2,137,027 | €1,862,627 | -€274,400 | -12.8% |
| Equity | 10/15 | €1,418,029 | €1,580,110 | +€162,081 | +11.4% |
| Contributions | 10/11 | €64,500 | €64,500 | = | 0.0% |
| Capital | 10 | €64,500 | €64,500 | = | 0.0% |
| Issued capital | 100 | €64,500 | €64,500 | = | 0.0% |
| Reserves | 13 | €1,353,529 | €1,515,610 | +€162,081 | +12.0% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Distributable reserves | 133 | €1,347,079 | €1,509,160 | +€162,081 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €718,998 | €282,517 | -€436,481 | -60.7% |
| Amounts payable after more than one year | 17 | €90,968 | €17,635 | -€73,333 | -80.6% |
| Financial debts | 170/4 | €78,333 | €5,000 | -€73,333 | -93.6% |
| Other amounts payable | 178/9 | €12,635 | €12,635 | = | 0.0% |
| Amounts payable within one year | 42/48 | €628,030 | €258,052 | -€369,979 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €175,000 | €133,669 | -€41,331 | -23.6% |
| Trade debts | 44 | €5,978 | €9,046 | +€3,068 | +51.3% |
| Suppliers | 440/4 | €5,978 | €9,046 | +€3,068 | +51.3% |
| Taxes, remuneration and social security | 45 | €67,052 | €12,925 | -€54,128 | -80.7% |
| Taxes | 450/3 | €52,604 | €0 | -€52,604 | -100.0% |
| Remuneration and social security | 454/9 | €14,449 | €12,925 | -€1,524 | -10.5% |
| Other amounts payable | 47/48 | €380,000 | €102,412 | -€277,588 | -73.0% |
| Accrued charges and deferred income | 492/3 | - | €6,831 | +€6,831 | |
| Non-recurring operating income | 76A | - | €633 | +€633 | |
| Remuneration, social security and pensions | 62 | €81,918 | €82,472 | +€554 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,130 | €76,831 | +€701 | +0.9% |
| Other operating charges | 640/8 | €1,303 | €1,351 | +€47 | +3.6% |
| Gross operating margin | 9900 | €436,398 | €403,743 | -€32,655 | -7.5% |
| Operating profit (loss) | 9901 | €277,046 | €243,089 | -€33,957 | -12.3% |
| Financial income | 75/76B | - | €149 | +€149 | |
| Recurring financial income | 75 | - | €149 | +€149 | |
| Financial charges | 65/66B | €3,937 | €5,328 | +€1,390 | +35.3% |
| Recurring financial charges | 65 | €3,937 | €5,328 | +€1,390 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €273,109 | €237,910 | -€35,199 | -12.9% |
| Income taxes | 67/77 | €87,797 | €75,829 | -€11,967 | -13.6% |
| Profit (loss) for the period | 9904 | €185,312 | €162,081 | -€23,231 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €185,312 | €162,081 | -€23,231 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.