LOUVEIGNE 2002: 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.
LOUVEIGNE 2002
Largest movements
- Current investments -€117,040
down €117,040 (-48.6%), from €240,820 to €123,780
- Cash +€104,096
up €104,096 (+78.0%), from €133,406 to €237,503
mainly Net result for the year (+€209,791) and Depreciation (+€147,956)
- Receivables within one year +€89,698
up €89,698 (+343%), from €26,127 to €115,826
of which Other amounts receivable: +€101,206
- Tangible fixed assets -€65,250
down €65,250 (-11.7%), from €558,797 to €493,547
of which Plant, machinery and equipment: -€45,617
- Deferred charges and accrued income +€50,461
up €50,461 (+645%), from €7,818 to €58,279
- Trade debts +€100,427
up €100,427 (+16.9%), from €594,643 to €695,070
- Short-term financial debts +€85,225
new in 2025: €85,225
- Current portion of long-term debt -€62,879
down €62,879 (-60.5%), from €103,917 to €41,038
- Debts after one year -€41,038
down €41,038 (-85.3%), from €48,100 to €7,061
- Reserves -€34,709
down €34,709 (-19.3%), from €180,038 to €145,329
of which Distributable reserves: -€34,709
- Staff costs +€37,486
up €37,486 (+8.7%), from €431,623 to €469,109
- Gross operating margin +€23,042
up €23,042 (+2.6%), from €872,325 to €895,368
- Taxes +€11,113
up €11,113 (+23.8%), from €46,728 to €57,841
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 | €1,339,890 | €1,422,863 | +€82,974 | +6.2% |
| Fixed assets | 21/28 | €558,797 | €493,547 | -€65,250 | -11.7% |
| Tangible fixed assets | 22/27 | €558,797 | €493,547 | -€65,250 | -11.7% |
| Plant, machinery and equipment | 23 | €264,947 | €219,330 | -€45,617 | -17.2% |
| Furniture and vehicles | 24 | €55,656 | €80,352 | +€24,696 | +44.4% |
| Other tangible fixed assets | 26 | €238,194 | €193,866 | -€44,328 | -18.6% |
| Current assets | 29/58 | €781,093 | €929,316 | +€148,223 | +19.0% |
| Stocks and contracts in progress | 3 | €372,921 | €393,929 | +€21,008 | +5.6% |
| Stocks | 30/36 | €372,921 | €393,929 | +€21,008 | +5.6% |
| Amounts receivable within one year | 40/41 | €26,127 | €115,826 | +€89,698 | +343% |
| Trade receivables | 40 | €25,953 | €14,446 | -€11,508 | -44.3% |
| Other amounts receivable | 41 | €174 | €101,380 | +€101,206 | +58,164% |
| Current investments | 50/53 | €240,820 | €123,780 | -€117,040 | -48.6% |
| Cash at bank and in hand | 54/58 | €133,406 | €237,503 | +€104,096 | +78.0% |
| Deferred charges and accrued income | 490/1 | €7,818 | €58,279 | +€50,461 | +645% |
| Total equity and liabilities | 10/49 | €1,339,890 | €1,422,863 | +€82,974 | +6.2% |
| Equity | 10/15 | €260,038 | €225,329 | -€34,709 | -13.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €180,038 | €145,329 | -€34,709 | -19.3% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €172,038 | €137,329 | -€34,709 | -20.2% |
| Amounts payable | 17/49 | €1,079,852 | €1,197,535 | +€117,683 | +10.9% |
| Amounts payable after more than one year | 17 | €48,100 | €7,061 | -€41,038 | -85.3% |
| Financial debts | 170/4 | €48,100 | €7,061 | -€41,038 | -85.3% |
| Amounts payable within one year | 42/48 | €1,031,753 | €1,172,473 | +€140,721 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €103,917 | €41,038 | -€62,879 | -60.5% |
| Financial debts | 43 | - | €85,225 | +€85,225 | |
| Credit institutions | 430/8 | - | €85,225 | +€85,225 | |
| Trade debts | 44 | €594,643 | €695,070 | +€100,427 | +16.9% |
| Suppliers | 440/4 | €594,643 | €695,070 | +€100,427 | +16.9% |
| Taxes, remuneration and social security | 45 | €112,628 | €110,297 | -€2,332 | -2.1% |
| Taxes | 450/3 | €39,635 | €30,720 | -€8,915 | -22.5% |
| Remuneration and social security | 454/9 | €72,993 | €79,577 | +€6,584 | +9.0% |
| Other amounts payable | 47/48 | €220,564 | €240,844 | +€20,280 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €431,623 | €469,109 | +€37,486 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,005 | €147,956 | -€6,049 | -3.9% |
| Other operating charges | 640/8 | €5,647 | €4,510 | -€1,138 | -20.1% |
| Gross operating margin | 9900 | €872,325 | €895,368 | +€23,042 | +2.6% |
| Operating profit (loss) | 9901 | €281,050 | €273,793 | -€7,257 | -2.6% |
| Financial income | 75/76B | €4,352 | €5,249 | +€897 | +20.6% |
| Recurring financial income | 75 | €4,352 | €5,249 | +€897 | +20.6% |
| Financial charges | 65/66B | €14,869 | €11,410 | -€3,459 | -23.3% |
| Recurring financial charges | 65 | €14,869 | €11,410 | -€3,459 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €270,533 | €267,632 | -€2,902 | -1.1% |
| Income taxes | 67/77 | €46,728 | €57,841 | +€11,113 | +23.8% |
| Profit (loss) for the period | 9904 | €223,806 | €209,791 | -€14,015 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €223,806 | €209,791 | -€14,015 | -6.3% |
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 19 October 2026 via checked.be.