LOUNAY: 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.
LOUNAY
Largest movements
- Receivables within one year +€37,983
up €37,983 (+28.6%), from €132,667 to €170,650
of which Trade receivables: +€36,295
- Cash -€19,892
down €19,892 (-99.8%), from €19,933 to €41
mainly Trade debts (-€105,530) and Receivables within one year (-€37,983)
- Tangible fixed assets -€1,806
down €1,806 (-70.4%), from €2,565 to €759
- Trade debts -€105,530
down €105,530 (-64.7%), from €163,181 to €57,651
- Profit (loss) carried forward +€60,831
up €60,831 (+86.7%), from -€70,198 to -€9,367
- Tax, wage and social debts +€57,995
up €57,995 (+320.9%), from €18,073 to €76,068
of which Remuneration and social security: +€54,924
- Short-term financial debts +€2,749
new in 2025: €2,749
- Gross operating margin +€348,173
up €348,173 (+441.4%), from €78,884 to €427,057
- Staff costs +€204,856
up €204,856 (+142.7%), from €143,569 to €348,425
- Financial charges +€11,585
up €11,585 (+2932.9%), from €395 to €11,980
- Financial income -€4,750
no longer reported in 2025 (was €4,750)
- Depreciation -€4,444
down €4,444 (-71.1%), from €6,249 to €1,805
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 | €155,450 | €171,735 | +€16,285 | +10.5% |
| Fixed assets | 21/28 | €2,850 | €1,044 | -€1,806 | -63.4% |
| Tangible fixed assets | 22/27 | €2,565 | €759 | -€1,806 | -70.4% |
| Plant, machinery and equipment | 23 | €2,565 | €759 | -€1,806 | -70.4% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €152,600 | €170,691 | +€18,091 | +11.9% |
| Amounts receivable within one year | 40/41 | €132,667 | €170,650 | +€37,983 | +28.6% |
| Trade receivables | 40 | €132,667 | €168,962 | +€36,295 | +27.4% |
| Other amounts receivable | 41 | - | €1,688 | +€1,688 | |
| Cash at bank and in hand | 54/58 | €19,933 | €41 | -€19,892 | -99.8% |
| Total equity and liabilities | 10/49 | €155,450 | €171,735 | +€16,285 | +10.5% |
| Equity | 10/15 | -€25,804 | €35,027 | +€60,831 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,794 | €25,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,934 | €23,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,198 | -€9,367 | +€60,831 | +86.7% |
| Amounts payable | 17/49 | €181,254 | €136,708 | -€44,546 | -24.6% |
| Amounts payable within one year | 42/48 | €181,254 | €136,708 | -€44,546 | -24.6% |
| Financial debts | 43 | - | €2,749 | +€2,749 | |
| Credit institutions | 430/8 | - | €2,749 | +€2,749 | |
| Trade debts | 44 | €163,181 | €57,651 | -€105,530 | -64.7% |
| Suppliers | 440/4 | €163,181 | €57,651 | -€105,530 | -64.7% |
| Taxes, remuneration and social security | 45 | €18,073 | €76,068 | +€57,995 | +320.9% |
| Taxes | 450/3 | €580 | €3,651 | +€3,071 | +529.5% |
| Remuneration and social security | 454/9 | €17,493 | €72,417 | +€54,924 | +314.0% |
| Other amounts payable | 47/48 | - | €240 | +€240 | |
| Non-recurring operating income | 76A | €3,101 | - | -€3,101 | |
| Remuneration, social security and pensions | 62 | €143,569 | €348,425 | +€204,856 | +142.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €1,805 | -€4,444 | -71.1% |
| Other operating charges | 640/8 | €2,369 | €1,648 | -€721 | -30.4% |
| Gross operating margin | 9900 | €78,884 | €427,057 | +€348,173 | +441.4% |
| Operating profit (loss) | 9901 | -€73,303 | €75,179 | +€148,482 | |
| Financial income | 75/76B | €4,750 | - | -€4,750 | |
| Recurring financial income | 75 | €4,750 | - | -€4,750 | |
| Financial charges | 65/66B | €395 | €11,980 | +€11,585 | +2932.9% |
| Recurring financial charges | 65 | €395 | €11,980 | +€11,585 | +2932.9% |
| Profit (loss) for the period before taxes | 9903 | -€68,948 | €63,199 | +€132,147 | |
| Income taxes | 67/77 | €752 | €2,368 | +€1,616 | +214.9% |
| Profit (loss) for the period | 9904 | -€69,700 | €60,831 | +€130,531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,700 | €60,831 | +€130,531 |
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 11 October 2026 via checked.be.