LOUVANIE: 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.
LOUVANIE
Largest movements
- Cash -€25,883
down €25,883 (-27.0%), from €95,761 to €69,878
mainly Net result for the year (-€18,763) and Tax, wage and social debts (-€13,024)
- Tangible fixed assets -€11,765
down €11,765 (-29.5%), from €39,873 to €28,108
of which Furniture and vehicles: -€9,101
- Receivables within one year +€1,985
up €1,985 (+4.9%), from €40,838 to €42,823
of which Trade receivables: +€1,040
- Profit (loss) carried forward -€18,763
down €18,763, from €2,366 to -€16,397
- Tax, wage and social debts -€13,024
down €13,024 (-89.2%), from €14,597 to €1,573
of which Taxes: -€9,424
- Other debts -€2,883
down €2,883 (-92.6%), from €3,113 to €230
- Gross operating margin -€84,871
down €84,871, from €78,238 to -€6,632
- Taxes -€21,573
no longer reported in 2025 (was €21,573)
- Other operating charges -€1,553
down €1,553 (-87.8%), from €1,769 to €216
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 | €187,220 | €151,810 | -€35,410 | -18.9% |
| Fixed assets | 21/28 | €39,873 | €28,108 | -€11,765 | -29.5% |
| Tangible fixed assets | 22/27 | €39,873 | €28,108 | -€11,765 | -29.5% |
| Plant, machinery and equipment | 23 | €3,569 | €905 | -€2,664 | -74.6% |
| Furniture and vehicles | 24 | €36,304 | €27,203 | -€9,101 | -25.1% |
| Current assets | 29/58 | €147,347 | €123,703 | -€23,644 | -16.0% |
| Stocks and contracts in progress | 3 | €10,748 | €10,748 | = | 0.0% |
| Stocks | 30/36 | €10,748 | €10,748 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,838 | €42,823 | +€1,985 | +4.9% |
| Trade receivables | 40 | €40,838 | €41,878 | +€1,040 | +2.5% |
| Other amounts receivable | 41 | - | €945 | +€945 | |
| Cash at bank and in hand | 54/58 | €95,761 | €69,878 | -€25,883 | -27.0% |
| Deferred charges and accrued income | 490/1 | - | €254 | +€254 | |
| Total equity and liabilities | 10/49 | €187,220 | €151,810 | -€35,410 | -18.9% |
| Equity | 10/15 | €163,823 | €145,060 | -€18,763 | -11.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €160,457 | €160,457 | = | 0.0% |
| Distributable reserves | 133 | €160,457 | €160,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,366 | -€16,397 | -€18,763 | |
| Amounts payable | 17/49 | €23,397 | €6,750 | -€16,646 | -71.1% |
| Amounts payable within one year | 42/48 | €23,397 | €6,750 | -€16,646 | -71.1% |
| Trade debts | 44 | €5,687 | €4,947 | -€740 | -13.0% |
| Suppliers | 440/4 | €5,687 | €4,947 | -€740 | -13.0% |
| Taxes, remuneration and social security | 45 | €14,597 | €1,573 | -€13,024 | -89.2% |
| Taxes | 450/3 | €10,997 | €1,573 | -€9,424 | -85.7% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €3,113 | €230 | -€2,883 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,890 | €11,765 | -€125 | -1.1% |
| Other operating charges | 640/8 | €1,769 | €216 | -€1,553 | -87.8% |
| Gross operating margin | 9900 | €78,238 | -€6,632 | -€84,871 | |
| Operating profit (loss) | 9901 | €64,579 | -€18,613 | -€83,192 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €549 | €150 | -€399 | -72.7% |
| Recurring financial charges | 65 | €549 | €150 | -€399 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €64,030 | -€18,763 | -€82,793 | |
| Income taxes | 67/77 | €21,573 | - | -€21,573 | |
| Profit (loss) for the period | 9904 | €42,457 | -€18,763 | -€61,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,457 | -€18,763 | -€61,220 |
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 9 October 2026 via checked.be.