Louvain: what changed
Two fiscal 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.
Louvain
Largest movements
- Tangible fixed assets -€52,766
down €52,766 (-14.9%), from €353,136 to €300,369
of which Other tangible fixed assets: -€42,818
- Receivables within one year -€50,205
down €50,205 (-87.3%), from €57,513 to €7,308
- Cash -€29,361
down €29,361 (-31.2%), from €94,179 to €64,818
mainly Other debts (-€74,080) and Net result for the year (-€57,193)
- Other debts -€74,080
down €74,080 (-45.2%), from €163,874 to €89,793
- Reserves -€57,193
down €57,193 (-18.8%), from €304,180 to €246,987
- Trade debts +€5,560
up €5,560 (+1300.2%), from €428 to €5,987
- Gross operating margin -€44,129
down €44,129 (-21.3%), from €207,525 to €163,396
- Staff costs +€12,144
up €12,144 (+8.4%), from €144,455 to €156,599
- Other operating charges +€6,928
up €6,928 (+1114.8%), from €621 to €7,549
- Financial charges +€4,506
up €4,506 (+448.5%), from €1,005 to €5,511
- Taxes -€2,693
down €2,693 (-100.0%), from €2,693 to €0
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 | €515,390 | €385,253 | -€130,137 | -25.3% |
| Fixed assets | 21/28 | €353,136 | €300,369 | -€52,766 | -14.9% |
| Tangible fixed assets | 22/27 | €353,136 | €300,369 | -€52,766 | -14.9% |
| Plant, machinery and equipment | 23 | €12,733 | €9,846 | -€2,887 | -22.7% |
| Furniture and vehicles | 24 | €10,477 | €3,415 | -€7,062 | -67.4% |
| Other tangible fixed assets | 26 | €329,926 | €287,108 | -€42,818 | -13.0% |
| Current assets | 29/58 | €162,254 | €84,884 | -€77,370 | -47.7% |
| Stocks and contracts in progress | 3 | €10,562 | €8,724 | -€1,838 | -17.4% |
| Stocks | 30/36 | €10,562 | €8,724 | -€1,838 | -17.4% |
| Amounts receivable within one year | 40/41 | €57,513 | €7,308 | -€50,205 | -87.3% |
| Other amounts receivable | 41 | €57,513 | €7,308 | -€50,205 | -87.3% |
| Cash at bank and in hand | 54/58 | €94,179 | €64,818 | -€29,361 | -31.2% |
| Deferred charges and accrued income | 490/1 | - | €4,034 | +€4,034 | |
| Total equity and liabilities | 10/49 | €515,390 | €385,253 | -€130,137 | -25.3% |
| Equity | 10/15 | €322,780 | €265,587 | -€57,193 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €304,180 | €246,987 | -€57,193 | -18.8% |
| Distributable reserves | 133 | €304,180 | €246,987 | -€57,193 | -18.8% |
| Amounts payable | 17/49 | €192,610 | €119,666 | -€72,943 | -37.9% |
| Amounts payable within one year | 42/48 | €192,610 | €119,666 | -€72,943 | -37.9% |
| Trade debts | 44 | €428 | €5,987 | +€5,560 | +1300.2% |
| Suppliers | 440/4 | €428 | €5,987 | +€5,560 | +1300.2% |
| Taxes, remuneration and social security | 45 | €28,309 | €23,886 | -€4,423 | -15.6% |
| Taxes | 450/3 | €14,433 | €15,302 | +€869 | +6.0% |
| Remuneration and social security | 454/9 | €13,876 | €8,584 | -€5,292 | -38.1% |
| Other amounts payable | 47/48 | €163,874 | €89,793 | -€74,080 | -45.2% |
| Remuneration, social security and pensions | 62 | €144,455 | €156,599 | +€12,144 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,637 | €52,766 | -€871 | -1.6% |
| Other operating charges | 640/8 | €621 | €7,549 | +€6,928 | +1114.8% |
| Gross operating margin | 9900 | €207,525 | €163,396 | -€44,129 | -21.3% |
| Operating profit (loss) | 9901 | €8,811 | -€53,519 | -€62,330 | |
| Financial income | 75/76B | €19 | €1,837 | +€1,818 | +9571.5% |
| Recurring financial income | 75 | €19 | €1,837 | +€1,818 | +9571.5% |
| Financial charges | 65/66B | €1,005 | €5,511 | +€4,506 | +448.5% |
| Recurring financial charges | 65 | €1,005 | €5,511 | +€4,506 | +448.5% |
| Profit (loss) for the period before taxes | 9903 | €7,825 | -€57,193 | -€65,019 | |
| Income taxes | 67/77 | €2,693 | €0 | -€2,693 | -100.0% |
| Profit (loss) for the period | 9904 | €5,132 | -€57,193 | -€62,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,132 | -€57,193 | -€62,326 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.