LOUTRAKIS: 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.
LOUTRAKIS
Largest movements
- Cash -€12,219
down €12,219 (-24.1%), from €50,778 to €38,559
mainly Tax, wage and social debts (-€16,482) and Debts after one year (-€3,177)
- Tangible fixed assets -€6,500
down €6,500 (-29.9%), from €21,744 to €15,244
- Receivables within one year +€3,133
up €3,133 (+3.3%), from €95,043 to €98,177
of which Other amounts receivable: +€4,116
- Tax, wage and social debts -€16,482
down €16,482 (-46.7%), from €35,274 to €18,793
of which Taxes: -€16,173
- Reserves +€8,405
up €8,405 (+7.4%), from €113,013 to €121,418
of which Distributable reserves: +€8,405
- Debts after one year -€3,177
no longer reported in 2025 (was €3,177)
- Short-term financial debts -€2,960
down €2,960 (-48.2%), from €6,137 to €3,177
- Staff costs +€6,850
up €6,850 (+35.2%), from €19,466 to €26,316
- Gross operating margin +€4,832
up €4,832 (+12.0%), from €40,319 to €45,151
- Other operating charges -€2,479
down €2,479 (-77.1%), from €3,214 to €735
- Financial charges -€874
down €874 (-20.5%), from €4,271 to €3,398
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 | €179,331 | €164,205 | -€15,126 | -8.4% |
| Fixed assets | 21/28 | €32,815 | €26,318 | -€6,497 | -19.8% |
| Tangible fixed assets | 22/27 | €21,744 | €15,244 | -€6,500 | -29.9% |
| Furniture and vehicles | 24 | €21,744 | €15,244 | -€6,500 | -29.9% |
| Financial fixed assets | 28 | €11,072 | €11,074 | +€3 | 0.0% |
| Current assets | 29/58 | €146,516 | €137,886 | -€8,629 | -5.9% |
| Amounts receivable within one year | 40/41 | €95,043 | €98,177 | +€3,133 | +3.3% |
| Trade receivables | 40 | €983 | - | -€983 | |
| Other amounts receivable | 41 | €94,061 | €98,177 | +€4,116 | +4.4% |
| Cash at bank and in hand | 54/58 | €50,778 | €38,559 | -€12,219 | -24.1% |
| Deferred charges and accrued income | 490/1 | €694 | €1,150 | +€456 | +65.7% |
| Total equity and liabilities | 10/49 | €179,331 | €164,205 | -€15,126 | -8.4% |
| Equity | 10/15 | €131,613 | €140,018 | +€8,405 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,013 | €121,418 | +€8,405 | +7.4% |
| Non-distributable reserves | 130/1 | €4,085 | €4,085 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,085 | €4,085 | = | 0.0% |
| Distributable reserves | 133 | €108,929 | €117,334 | +€8,405 | +7.7% |
| Amounts payable | 17/49 | €47,718 | €24,186 | -€23,531 | -49.3% |
| Amounts payable after more than one year | 17 | €3,177 | - | -€3,177 | |
| Financial debts | 170/4 | €3,177 | - | -€3,177 | |
| Amounts payable within one year | 42/48 | €44,540 | €24,186 | -€20,354 | -45.7% |
| Financial debts | 43 | €6,137 | €3,177 | -€2,960 | -48.2% |
| Credit institutions | 430/8 | €6,137 | €3,177 | -€2,960 | -48.2% |
| Trade debts | 44 | €3,129 | €2,217 | -€913 | -29.2% |
| Suppliers | 440/4 | €3,129 | €2,217 | -€913 | -29.2% |
| Taxes, remuneration and social security | 45 | €35,274 | €18,793 | -€16,482 | -46.7% |
| Taxes | 450/3 | €27,698 | €11,525 | -€16,173 | -58.4% |
| Remuneration and social security | 454/9 | €7,576 | €7,268 | -€309 | -4.1% |
| Remuneration, social security and pensions | 62 | €19,466 | €26,316 | +€6,850 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,500 | €6,500 | = | 0.0% |
| Other operating charges | 640/8 | €3,214 | €735 | -€2,479 | -77.1% |
| Non-recurring operating charges | 66A | €496 | - | -€496 | |
| Gross operating margin | 9900 | €40,319 | €45,151 | +€4,832 | +12.0% |
| Operating profit (loss) | 9901 | €10,643 | €11,600 | +€957 | +9.0% |
| Financial income | 75/76B | €4,514 | €4,778 | +€264 | +5.9% |
| Recurring financial income | 75 | €4,514 | €4,778 | +€264 | +5.9% |
| Financial charges | 65/66B | €4,271 | €3,398 | -€874 | -20.5% |
| Recurring financial charges | 65 | €4,271 | €3,398 | -€874 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €10,885 | €12,980 | +€2,094 | +19.2% |
| Income taxes | 67/77 | €4,674 | €4,575 | -€100 | -2.1% |
| Profit (loss) for the period | 9904 | €6,211 | €8,405 | +€2,194 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,211 | €8,405 | +€2,194 | +35.3% |
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.