LOUPAU: 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.
LOUPAU
Largest movements
- Cash -€64,948
down €64,948 (-56.7%), from €114,604 to €49,656
mainly Contributions, distributions and other (-€107,500) and Receivables within one year (-€59,548)
- Receivables within one year +€59,548
up €59,548 (+118%), from €50,408 to €109,955
of which Trade receivables: +€57,458
- Debts after one year -€20,888
down €20,888 (-6.7%), from €312,026 to €291,137
- Tax, wage and social debts +€18,390
up €18,390 (+106%), from €17,339 to €35,729
of which Taxes: +€18,540
- Other debts -€9,477
down €9,477 (-4.7%), from €201,418 to €191,942
- Gross operating margin +€22,012
up €22,012 (+14.4%), from €153,004 to €175,016
- Taxes +€4,908
up €4,908 (+16.4%), from €29,870 to €34,778
- Staff costs -€3,731
down €3,731, from €3,696 to -€35
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 | €588,600 | €580,259 | -€8,341 | -1.4% |
| Fixed assets | 21/28 | €415,895 | €415,790 | -€105 | 0.0% |
| Tangible fixed assets | 22/27 | €415,895 | €415,790 | -€105 | 0.0% |
| Land and buildings | 22 | €380,131 | €377,072 | -€3,058 | -0.8% |
| Plant, machinery and equipment | 23 | €22,544 | €20,068 | -€2,476 | -11.0% |
| Furniture and vehicles | 24 | €11,020 | €16,450 | +€5,430 | +49.3% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €172,705 | €164,469 | -€8,236 | -4.8% |
| Amounts receivable after more than one year | 29 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 291 | €2,500 | - | -€2,500 | |
| Stocks and contracts in progress | 3 | €2,932 | €2,932 | = | 0.0% |
| Stocks | 30/36 | €2,932 | €2,932 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,408 | €109,955 | +€59,548 | +118% |
| Trade receivables | 40 | €49,775 | €107,233 | +€57,458 | +115% |
| Other amounts receivable | 41 | €633 | €2,722 | +€2,089 | +330% |
| Cash at bank and in hand | 54/58 | €114,604 | €49,656 | -€64,948 | -56.7% |
| Deferred charges and accrued income | 490/1 | €2,262 | €1,925 | -€337 | -14.9% |
| Total equity and liabilities | 10/49 | €588,600 | €580,259 | -€8,341 | -1.4% |
| Equity | 10/15 | €19,215 | €18,894 | -€321 | -1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €665 | €344 | -€321 | -48.3% |
| Distributable reserves | 133 | €665 | €344 | -€321 | -48.3% |
| Amounts payable | 17/49 | €569,385 | €561,365 | -€8,020 | -1.4% |
| Amounts payable after more than one year | 17 | €312,026 | €291,137 | -€20,888 | -6.7% |
| Financial debts | 170/4 | €312,026 | €291,137 | -€20,888 | -6.7% |
| Amounts payable within one year | 42/48 | €255,644 | €267,264 | +€11,619 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €20,559 | €20,888 | +€329 | +1.6% |
| Trade debts | 44 | €16,329 | €18,705 | +€2,377 | +14.6% |
| Suppliers | 440/4 | €16,329 | €18,705 | +€2,377 | +14.6% |
| Taxes, remuneration and social security | 45 | €17,339 | €35,729 | +€18,390 | +106% |
| Taxes | 450/3 | €17,189 | €35,729 | +€18,540 | +108% |
| Remuneration and social security | 454/9 | €150 | - | -€150 | |
| Other amounts payable | 47/48 | €201,418 | €191,942 | -€9,477 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,715 | €2,964 | +€1,249 | +72.8% |
| Remuneration, social security and pensions | 62 | €3,696 | -€35 | -€3,731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,568 | €20,173 | +€1,605 | +8.6% |
| Other operating charges | 640/8 | €1,572 | €1,979 | +€408 | +25.9% |
| Gross operating margin | 9900 | €153,004 | €175,016 | +€22,012 | +14.4% |
| Operating profit (loss) | 9901 | €129,169 | €152,898 | +€23,730 | +18.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,694 | €10,942 | -€752 | -6.4% |
| Recurring financial charges | 65 | €11,694 | €10,942 | -€752 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €117,474 | €141,957 | +€24,483 | +20.8% |
| Income taxes | 67/77 | €29,870 | €34,778 | +€4,908 | +16.4% |
| Profit (loss) for the period | 9904 | €87,605 | €107,179 | +€19,574 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,605 | €107,179 | +€19,574 | +22.3% |
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 20 October 2026 via checked.be.