Louvers Technologies: 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.
Louvers Technologies
Largest movements
- Financial fixed assets -€3.4m
down €3.4m (-25.4%), from €13.4m to €10.0m
- Cash -€1.2m
down €1.2m (-93.4%), from €1.3m to €87,026
mainly Net result for the year (-€3.6m) and Current portion of long-term debt (-€1.4m)
- Receivables within one year -€636,476
down €636,476 (-58.0%), from €1.1m to €461,082
of which Other amounts receivable: -€728,436
- Profit (loss) carried forward -€3.6m
down €3.6m (-99.9%), from €3.6m to €2,450
- Current portion of long-term debt -€1.4m
down €1.4m (-57.0%), from €2.5m to €1.1m
- Financial charges +€3.4m
up €3.4m (+548.3%), from €615,338 to €4.0m
of which Non-recurring financial charges: +€3.4m
- Gross operating margin -€205,201
down €205,201 (-33.4%), from €614,706 to €409,505
- Financial income -€9,447
down €9,447 (-37.3%), from €25,358 to €15,911
- Depreciation -€7,316
down €7,316 (-88.1%), from €8,304 to €988
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 | €15,815,294 | €10,595,215 | -€5.2m | -33.0% |
| Fixed assets | 21/28 | €13,407,067 | €10,005,777 | -€3.4m | -25.4% |
| Tangible fixed assets | 22/27 | €1,290 | - | -€1,290 | |
| Furniture and vehicles | 24 | €1,290 | - | -€1,290 | |
| Financial fixed assets | 28 | €13,405,777 | €10,005,777 | -€3.4m | -25.4% |
| Current assets | 29/58 | €2,408,227 | €589,438 | -€1.8m | -75.5% |
| Amounts receivable within one year | 40/41 | €1,097,558 | €461,082 | -€636,476 | -58.0% |
| Trade receivables | 40 | - | €91,960 | +€91,960 | |
| Other amounts receivable | 41 | €1,097,558 | €369,122 | -€728,436 | -66.4% |
| Current investments | 50/53 | - | €38,500 | +€38,500 | |
| Cash at bank and in hand | 54/58 | €1,310,218 | €87,026 | -€1.2m | -93.4% |
| Deferred charges and accrued income | 490/1 | €452 | €2,830 | +€2,379 | +526.4% |
| Total equity and liabilities | 10/49 | €15,815,294 | €10,595,215 | -€5.2m | -33.0% |
| Equity | 10/15 | €3,587,822 | €21,296 | -€3.6m | -99.4% |
| Contributions | 10/11 | €18,846 | €18,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,568,976 | €2,450 | -€3.6m | -99.9% |
| Amounts payable | 17/49 | €12,227,472 | €10,573,919 | -€1.7m | -13.5% |
| Amounts payable after more than one year | 17 | €8,909,505 | €8,847,241 | -€62,264 | -0.7% |
| Financial debts | 170/4 | €8,909,505 | €8,847,241 | -€62,264 | -0.7% |
| Amounts payable within one year | 42/48 | €3,292,967 | €1,726,678 | -€1.6m | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €2,500,000 | €1,076,055 | -€1.4m | -57.0% |
| Trade debts | 44 | €114,679 | €37,889 | -€76,790 | -67.0% |
| Suppliers | 440/4 | €114,679 | €37,889 | -€76,790 | -67.0% |
| Taxes, remuneration and social security | 45 | €22,941 | €24,123 | +€1,183 | +5.2% |
| Taxes | 450/3 | €22,941 | €24,123 | +€1,183 | +5.2% |
| Other amounts payable | 47/48 | €655,347 | €588,611 | -€66,736 | -10.2% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,304 | €988 | -€7,316 | -88.1% |
| Other operating charges | 640/8 | €3,476 | €1,689 | -€1,787 | -51.4% |
| Gross operating margin | 9900 | €614,706 | €409,505 | -€205,201 | -33.4% |
| Operating profit (loss) | 9901 | €602,926 | €406,828 | -€196,098 | -32.5% |
| Financial income | 75/76B | €25,358 | €15,911 | -€9,447 | -37.3% |
| Recurring financial income | 75 | €25,358 | €15,911 | -€9,447 | -37.3% |
| Financial charges | 65/66B | €615,338 | €3,989,266 | +€3.4m | +548.3% |
| Recurring financial charges | 65 | €615,338 | €589,266 | -€26,073 | -4.2% |
| Non-recurring financial charges | 66B | - | €3,400,000 | +€3.4m | |
| Profit (loss) for the period before taxes | 9903 | €12,946 | -€3,566,526 | -€3.6m | |
| Profit (loss) for the period | 9904 | €12,946 | -€3,566,526 | -€3.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €12,946 | -€3,566,526 | -€3.6m |
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 10 October 2026 via checked.be.