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
- Cash +€56,137
up €56,137 (+79.9%), from €70,295 to €126,432
mainly Net result for the year (+€42,154) and Tax, wage and social debts (+€14,973)
- Tangible fixed assets -€2,759
down €2,759 (-33.5%), from €8,224 to €5,465
of which Furniture and vehicles: -€2,570
- Reserves +€30,000
up €30,000 (+112%), from €26,860 to €56,860
of which Distributable reserves: +€30,000
- Tax, wage and social debts +€14,973
up €14,973 (+83.2%), from €17,997 to €32,970
of which Taxes: +€18,192
- Profit (loss) carried forward +€12,154
up €12,154 (+27.6%), from €44,049 to €56,203
- Trade debts -€2,403
down €2,403 (-43.4%), from €5,538 to €3,135
- Other debts -€1,939
no longer reported in 2024 (was €1,939)
- Gross operating margin +€16,817
up €16,817 (+33.1%), from €50,855 to €67,672
- Taxes +€10,112
up €10,112 (+83.7%), from €12,081 to €22,193
- Staff costs -€2,936
no longer reported in 2024 (was €2,936)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,240 | €163,021 | +€52,781 | +47.9% |
| Fixed assets | 21/28 | €8,224 | €5,465 | -€2,759 | -33.5% |
| Tangible fixed assets | 22/27 | €8,224 | €5,465 | -€2,759 | -33.5% |
| Plant, machinery and equipment | 23 | €450 | €261 | -€189 | -42.0% |
| Furniture and vehicles | 24 | €7,774 | €5,204 | -€2,570 | -33.1% |
| Current assets | 29/58 | €102,016 | €157,556 | +€55,540 | +54.4% |
| Amounts receivable within one year | 40/41 | €29,762 | €30,246 | +€484 | +1.6% |
| Trade receivables | 40 | €2,925 | €5,493 | +€2,568 | +87.8% |
| Other amounts receivable | 41 | €26,837 | €24,753 | -€2,084 | -7.8% |
| Cash at bank and in hand | 54/58 | €70,295 | €126,432 | +€56,137 | +79.9% |
| Deferred charges and accrued income | 490/1 | €1,959 | €878 | -€1,081 | -55.2% |
| Total equity and liabilities | 10/49 | €110,240 | €163,021 | +€52,781 | +47.9% |
| Equity | 10/15 | €83,409 | €125,563 | +€42,154 | +50.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,860 | €56,860 | +€30,000 | +112% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €55,000 | +€30,000 | +120% |
| Profit (loss) carried forward | 14 | €44,049 | €56,203 | +€12,154 | +27.6% |
| Amounts payable | 17/49 | €26,831 | €37,458 | +€10,627 | +39.6% |
| Amounts payable within one year | 42/48 | €26,831 | €37,458 | +€10,627 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €1,357 | €1,353 | -€4 | -0.3% |
| Trade debts | 44 | €5,538 | €3,135 | -€2,403 | -43.4% |
| Suppliers | 440/4 | €5,538 | €3,135 | -€2,403 | -43.4% |
| Taxes, remuneration and social security | 45 | €17,997 | €32,970 | +€14,973 | +83.2% |
| Taxes | 450/3 | €12,164 | €30,356 | +€18,192 | +150% |
| Remuneration and social security | 454/9 | €5,833 | €2,614 | -€3,219 | -55.2% |
| Other amounts payable | 47/48 | €1,939 | - | -€1,939 | |
| Remuneration, social security and pensions | 62 | €2,936 | - | -€2,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €3,151 | -€155 | -4.7% |
| Other operating charges | 640/8 | €650 | €669 | +€19 | +2.9% |
| Gross operating margin | 9900 | €50,855 | €67,672 | +€16,817 | +33.1% |
| Operating profit (loss) | 9901 | €43,963 | €63,852 | +€19,889 | +45.2% |
| Financial income | 75/76B | €1,150 | €959 | -€191 | -16.6% |
| Recurring financial income | 75 | €1,150 | €959 | -€191 | -16.6% |
| Financial charges | 65/66B | €390 | €464 | +€74 | +19.0% |
| Recurring financial charges | 65 | €390 | €464 | +€74 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €44,723 | €64,347 | +€19,624 | +43.9% |
| Income taxes | 67/77 | €12,081 | €22,193 | +€10,112 | +83.7% |
| Profit (loss) for the period | 9904 | €32,642 | €42,154 | +€9,512 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,642 | €42,154 | +€9,512 | +29.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.