LOUVET: 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.
LOUVET
Largest movements
- Receivables within one year -€9,492
down €9,492 (-18.9%), from €50,329 to €40,837
- Cash -€3,569
down €3,569 (-84.3%), from €4,235 to €666
mainly Trade debts (-€13,714) and Contributions, distributions and other (-€7,000)
- Tangible fixed assets -€3,321
down €3,321 (-37.9%), from €8,756 to €5,436
of which Furniture and vehicles: -€2,294
- Financial fixed assets +€1,209
up €1,209 (+233%), from €520 to €1,729
- Trade debts -€13,714
down €13,714 (-46.0%), from €29,805 to €16,091
- Accrued charges and deferred income -€6,393
no longer reported in 2025 (was €6,393)
- Tax, wage and social debts +€4,277
up €4,277 (+166%), from €2,584 to €6,861
- Gross operating margin -€2,153
down €2,153 (-14.4%), from €14,961 to €12,808
- Other operating charges -€889
down €889 (-44.8%), from €1,984 to €1,095
- Financial charges +€805
up €805 (+389%), from €207 to €1,012
- Depreciation -€336
down €336 (-9.2%), from €3,656 to €3,321
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 | €66,315 | €50,867 | -€15,448 | -23.3% |
| Fixed assets | 21/28 | €9,276 | €7,165 | -€2,112 | -22.8% |
| Tangible fixed assets | 22/27 | €8,756 | €5,436 | -€3,321 | -37.9% |
| Plant, machinery and equipment | 23 | €772 | €230 | -€542 | -70.2% |
| Furniture and vehicles | 24 | €6,338 | €4,045 | -€2,294 | -36.2% |
| Other tangible fixed assets | 26 | €1,646 | €1,161 | -€485 | -29.5% |
| Financial fixed assets | 28 | €520 | €1,729 | +€1,209 | +233% |
| Current assets | 29/58 | €57,038 | €43,702 | -€13,336 | -23.4% |
| Stocks and contracts in progress | 3 | €2,474 | €2,199 | -€275 | -11.1% |
| Stocks | 30/36 | €2,474 | €2,199 | -€275 | -11.1% |
| Amounts receivable within one year | 40/41 | €50,329 | €40,837 | -€9,492 | -18.9% |
| Other amounts receivable | 41 | €50,329 | €40,837 | -€9,492 | -18.9% |
| Cash at bank and in hand | 54/58 | €4,235 | €666 | -€3,569 | -84.3% |
| Total equity and liabilities | 10/49 | €66,315 | €50,867 | -€15,448 | -23.3% |
| Equity | 10/15 | €27,533 | €27,914 | +€381 | +1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €698 | €698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €598 | €598 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,835 | €26,217 | +€381 | +1.5% |
| Amounts payable | 17/49 | €38,781 | €22,952 | -€15,829 | -40.8% |
| Amounts payable within one year | 42/48 | €32,389 | €22,952 | -€9,437 | -29.1% |
| Trade debts | 44 | €29,805 | €16,091 | -€13,714 | -46.0% |
| Suppliers | 440/4 | €29,805 | €16,091 | -€13,714 | -46.0% |
| Taxes, remuneration and social security | 45 | €2,584 | €6,861 | +€4,277 | +166% |
| Taxes | 450/3 | €2,584 | €6,861 | +€4,277 | +166% |
| Accrued charges and deferred income | 492/3 | €6,393 | - | -€6,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,656 | €3,321 | -€336 | -9.2% |
| Other operating charges | 640/8 | €1,984 | €1,095 | -€889 | -44.8% |
| Gross operating margin | 9900 | €14,961 | €12,808 | -€2,153 | -14.4% |
| Operating profit (loss) | 9901 | €9,321 | €8,393 | -€928 | -10.0% |
| Financial income | 75/76B | €31 | €1 | -€30 | -97.6% |
| Recurring financial income | 75 | €31 | €1 | -€30 | -97.6% |
| Financial charges | 65/66B | €207 | €1,012 | +€805 | +389% |
| Recurring financial charges | 65 | €207 | €1,012 | +€805 | +389% |
| Profit (loss) for the period before taxes | 9903 | €9,145 | €7,381 | -€1,763 | -19.3% |
| Profit (loss) for the period | 9904 | €9,145 | €7,381 | -€1,763 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,145 | €7,381 | -€1,763 | -19.3% |
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 17 October 2026 via checked.be.