LOUNADOU: 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.
LOUNADOU
Largest movements
- Cash +€16,721
up €16,721 (+11.7%), from €142,888 to €159,609
mainly Depreciation (+€19,535) and Tax, wage and social debts (+€18,604)
- Tangible fixed assets -€16,567
down €16,567 (-33.1%), from €50,062 to €33,495
of which Furniture and vehicles: -€18,040
- Receivables within one year +€3,639
new in 2025: €3,639
- Tax, wage and social debts +€18,604
up €18,604 (+86.3%), from €21,569 to €40,173
of which Remuneration and social security: +€10,936
- Other debts -€10,629
down €10,629 (-17.8%), from €59,758 to €49,129
- Current portion of long-term debt -€6,245
no longer reported in 2025 (was €6,245)
- Staff costs +€61,569
up €61,569 (+82.3%), from €74,819 to €136,387
- Gross operating margin +€35,073
up €35,073 (+26.9%), from €130,421 to €165,493
- Taxes -€8,437
down €8,437 (-65.9%), from €12,799 to €4,361
- Depreciation -€2,682
down €2,682 (-12.1%), from €22,218 to €19,535
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.
Derived cash bridge
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 | €198,565 | €202,529 | +€3,963 | +2.0% |
| Fixed assets | 21/28 | €50,062 | €33,495 | -€16,567 | -33.1% |
| Tangible fixed assets | 22/27 | €50,062 | €33,495 | -€16,567 | -33.1% |
| Plant, machinery and equipment | 23 | €4,317 | €5,790 | +€1,473 | +34.1% |
| Furniture and vehicles | 24 | €45,745 | €27,704 | -€18,040 | -39.4% |
| Current assets | 29/58 | €148,504 | €169,034 | +€20,530 | +13.8% |
| Stocks and contracts in progress | 3 | €2,724 | €2,688 | -€35 | -1.3% |
| Stocks | 30/36 | €2,724 | €2,688 | -€35 | -1.3% |
| Amounts receivable within one year | 40/41 | - | €3,639 | +€3,639 | |
| Other amounts receivable | 41 | - | €3,639 | +€3,639 | |
| Cash at bank and in hand | 54/58 | €142,888 | €159,609 | +€16,721 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,892 | €3,098 | +€206 | +7.1% |
| Total equity and liabilities | 10/49 | €198,565 | €202,529 | +€3,963 | +2.0% |
| Equity | 10/15 | €109,834 | €111,438 | +€1,604 | +1.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €91,200 | €91,200 | = | 0.0% |
| Distributable reserves | 133 | €91,200 | €91,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,374 | €5,978 | +€1,604 | +36.7% |
| Amounts payable | 17/49 | €88,731 | €91,091 | +€2,359 | +2.7% |
| Amounts payable within one year | 42/48 | €88,731 | €91,091 | +€2,359 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,245 | - | -€6,245 | |
| Trade debts | 44 | €1,159 | €1,789 | +€630 | +54.3% |
| Suppliers | 440/4 | €1,159 | €1,789 | +€630 | +54.3% |
| Taxes, remuneration and social security | 45 | €21,569 | €40,173 | +€18,604 | +86.3% |
| Taxes | 450/3 | €13,793 | €21,461 | +€7,668 | +55.6% |
| Remuneration and social security | 454/9 | €7,776 | €18,712 | +€10,936 | +141% |
| Other amounts payable | 47/48 | €59,758 | €49,129 | -€10,629 | -17.8% |
| Remuneration, social security and pensions | 62 | €74,819 | €136,387 | +€61,569 | +82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,218 | €19,535 | -€2,682 | -12.1% |
| Other operating charges | 640/8 | €1,408 | €1,499 | +€91 | +6.5% |
| Gross operating margin | 9900 | €130,421 | €165,493 | +€35,073 | +26.9% |
| Operating profit (loss) | 9901 | €31,976 | €8,071 | -€23,905 | -74.8% |
| Financial income | 75/76B | €175 | €106 | -€70 | -39.7% |
| Recurring financial income | 75 | €175 | €106 | -€70 | -39.7% |
| Financial charges | 65/66B | €2,149 | €2,212 | +€63 | +2.9% |
| Recurring financial charges | 65 | €2,149 | €2,212 | +€63 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €30,002 | €5,965 | -€24,037 | -80.1% |
| Income taxes | 67/77 | €12,799 | €4,361 | -€8,437 | -65.9% |
| Profit (loss) for the period | 9904 | €17,204 | €1,604 | -€15,600 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,204 | €1,604 | -€15,600 | -90.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.