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
- Tangible fixed assets +€16,865
up €16,865 (+61.4%), from €27,482 to €44,347
of which Land and buildings: +€20,229
- Receivables within one year -€4,204
down €4,204 (-72.0%), from €5,842 to €1,638
of which Other amounts receivable: -€5,842
- Cash +€2,834
up €2,834 (+56.9%), from €4,978 to €7,811
mainly Other debts (+€24,925) and Tax, wage and social debts (+€11,663)
- Deferred charges and accrued income -€2,298
down €2,298 (-64.2%), from €3,578 to €1,280
- Other debts +€24,925
up €24,925 (+57.5%), from €43,323 to €68,248
- Profit (loss) carried forward -€23,321
down €23,321 (-356.8%), from -€6,536 to -€29,856
- Tax, wage and social debts +€11,663
new in 2025: €11,663
of which Remuneration and social security: +€9,500
- Gross operating margin -€10,977
down €10,977 (-204.4%), from -€5,370 to -€16,347
- Depreciation +€5,624
up €5,624 (+500.0%), from €1,125 to €6,748
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 | €41,880 | €55,076 | +€13,196 | +31.5% |
| Fixed assets | 21/28 | €27,482 | €44,347 | +€16,865 | +61.4% |
| Tangible fixed assets | 22/27 | €27,482 | €44,347 | +€16,865 | +61.4% |
| Land and buildings | 22 | - | €20,229 | +€20,229 | |
| Plant, machinery and equipment | 23 | €5,374 | €6,191 | +€817 | +15.2% |
| Furniture and vehicles | 24 | €22,108 | €17,927 | -€4,181 | -18.9% |
| Current assets | 29/58 | €14,397 | €10,729 | -€3,668 | -25.5% |
| Amounts receivable within one year | 40/41 | €5,842 | €1,638 | -€4,204 | -72.0% |
| Trade receivables | 40 | - | €1,638 | +€1,638 | |
| Other amounts receivable | 41 | €5,842 | - | -€5,842 | |
| Cash at bank and in hand | 54/58 | €4,978 | €7,811 | +€2,834 | +56.9% |
| Deferred charges and accrued income | 490/1 | €3,578 | €1,280 | -€2,298 | -64.2% |
| Total equity and liabilities | 10/49 | €41,880 | €55,076 | +€13,196 | +31.5% |
| Equity | 10/15 | -€1,536 | -€24,856 | -€23,321 | -1518.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,536 | -€29,856 | -€23,321 | -356.8% |
| Amounts payable | 17/49 | €43,416 | €79,932 | +€36,517 | +84.1% |
| Amounts payable within one year | 42/48 | €43,385 | €79,932 | +€36,548 | +84.2% |
| Trade debts | 44 | €62 | €22 | -€40 | -64.6% |
| Suppliers | 440/4 | €62 | €22 | -€40 | -64.6% |
| Taxes, remuneration and social security | 45 | - | €11,663 | +€11,663 | |
| Taxes | 450/3 | - | €2,163 | +€2,163 | |
| Remuneration and social security | 454/9 | - | €9,500 | +€9,500 | |
| Other amounts payable | 47/48 | €43,323 | €68,248 | +€24,925 | +57.5% |
| Accrued charges and deferred income | 492/3 | €31 | - | -€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €6,748 | +€5,624 | +500.0% |
| Other operating charges | 640/8 | €31 | €155 | +€124 | +399.9% |
| Gross operating margin | 9900 | -€5,370 | -€16,347 | -€10,977 | -204.4% |
| Operating profit (loss) | 9901 | -€6,526 | -€23,250 | -€16,724 | -256.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €13 | €70 | +€58 | +463.2% |
| Recurring financial charges | 65 | €13 | €70 | +€58 | +463.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,536 | -€23,321 | -€16,785 | -256.8% |
| Profit (loss) for the period | 9904 | -€6,536 | -€23,321 | -€16,785 | -256.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,536 | -€23,321 | -€16,785 | -256.8% |
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.