LOUV IMMO: 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.
LOUV IMMO
Largest movements
- Tangible fixed assets +€21,561
up €21,561 (+13.7%), from €157,637 to €179,198
- Stocks and contracts +€8,747
up €8,747 (+17.0%), from €51,500 to €60,247
- Receivables within one year -€3,206
down €3,206 (-13.6%), from €23,558 to €20,353
of which Other amounts receivable: -€3,206
- Other debts +€75,078
up €75,078 (+644%), from €11,665 to €86,743
- Trade debts -€48,396
down €48,396 (-65.4%), from €74,030 to €25,634
- Debts after one year +€13,449
up €13,449 (+13.0%), from €103,235 to €116,684
- Profit (loss) carried forward -€12,151
down €12,151 (-68.2%), from €17,819 to €5,668
- Current portion of long-term debt +€6,395
new in 2025: €6,395
- Gross operating margin +€11,460
up €11,460, from -€9,717 to €1,743
- Financial charges +€5,673
up €5,673 (+281%), from €2,019 to €7,692
of which Financial charges: +€5,657
- Other operating charges -€5,297
down €5,297 (-85.3%), from €6,212 to €915
- Depreciation +€1,923
up €1,923 (+51.6%), from €3,727 to €5,649
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 | €232,779 | €261,584 | +€28,804 | +12.4% |
| Fixed assets | 21/28 | €157,637 | €179,198 | +€21,561 | +13.7% |
| Tangible fixed assets | 22/27 | €157,637 | €179,198 | +€21,561 | +13.7% |
| Land and buildings | 22 | €157,637 | €179,198 | +€21,561 | +13.7% |
| Current assets | 29/58 | €75,142 | €82,385 | +€7,243 | +9.6% |
| Stocks and contracts in progress | 3 | €51,500 | €60,247 | +€8,747 | +17.0% |
| Stocks | 30/36 | €51,500 | €60,247 | +€8,747 | +17.0% |
| Amounts receivable within one year | 40/41 | €23,558 | €20,353 | -€3,206 | -13.6% |
| Trade receivables | 40 | €8,645 | €8,645 | = | 0.0% |
| Other amounts receivable | 41 | €14,914 | €11,708 | -€3,206 | -21.5% |
| Cash at bank and in hand | 54/58 | €84 | €1,534 | +€1,450 | +1,729% |
| Deferred charges and accrued income | 490/1 | - | €252 | +€252 | |
| Total equity and liabilities | 10/49 | €232,779 | €261,584 | +€28,804 | +12.4% |
| Equity | 10/15 | €38,279 | €26,128 | -€12,151 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €17,819 | €5,668 | -€12,151 | -68.2% |
| Amounts payable | 17/49 | €194,500 | €235,455 | +€40,955 | +21.1% |
| Amounts payable after more than one year | 17 | €103,235 | €116,684 | +€13,449 | +13.0% |
| Financial debts | 170/4 | €103,235 | €116,684 | +€13,449 | +13.0% |
| Amounts payable within one year | 42/48 | €91,265 | €118,772 | +€27,506 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,395 | +€6,395 | |
| Trade debts | 44 | €74,030 | €25,634 | -€48,396 | -65.4% |
| Suppliers | 440/4 | €74,030 | €25,634 | -€48,396 | -65.4% |
| Taxes, remuneration and social security | 45 | €5,570 | - | -€5,570 | |
| Taxes | 450/3 | €5,570 | - | -€5,570 | |
| Other amounts payable | 47/48 | €11,665 | €86,743 | +€75,078 | +644% |
| Non-recurring operating income | 76A | - | €10,936 | +€10,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,727 | €5,649 | +€1,923 | +51.6% |
| Other operating charges | 640/8 | €6,212 | €915 | -€5,297 | -85.3% |
| Gross operating margin | 9900 | -€9,717 | €1,743 | +€11,460 | |
| Operating profit (loss) | 9901 | -€19,655 | -€4,821 | +€14,834 | +75.5% |
| Financial income | 75/76B | €285 | €280 | -€5 | -1.8% |
| Recurring financial income | 75 | €285 | €280 | -€5 | -1.8% |
| Financial charges | 65/66B | €2,019 | €7,692 | +€5,673 | +281% |
| Recurring financial charges | 65 | €1,935 | €7,592 | +€5,657 | +292% |
| Non-recurring financial charges | 66B | €84 | €100 | +€16 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,390 | -€12,233 | +€9,156 | +42.8% |
| Income taxes | 67/77 | - | -€83 | -€83 | |
| Profit (loss) for the period | 9904 | -€21,390 | -€12,151 | +€9,239 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,390 | -€12,151 | +€9,239 | +43.2% |
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 21 October 2026 via checked.be.