LOUVETERIE: 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.
What changed
LOUVETERIE
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,188
2024 · €60,089-€65,277
Equity
-€47,677
2024 · -€42,489-€5,188
Cash
€13,372
2024 · €10,958+€2,413
Balance sheet total
€2.2m
2024 · €2.2m-€69,226
Largest movements
Assets
- Tangible fixed assets -€77,044
down €77,044 (-3.5%), from €2.2m to €2.1m
of which Land and buildings: -€78,358
Equity and liabilities
- Other debts -€84,389
down €84,389 (-10.6%), from €797,757 to €713,368
- Debts after one year -€38,201
down €38,201 (-3.0%), from €1.3m to €1.3m
Income statement
- Gross operating margin -€54,448
down €54,448 (-21.0%), from €259,028 to €204,580
- Other operating charges +€9,537
up €9,537 (+162%), from €5,882 to €15,419
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.
Result 2024
€60,089
Gross operating margin
-€54,448
Staff costs
-€1,437
Depreciation
-€1,250
Other operating charges
-€9,537
Financial income
-€45
Financial charges
+€1,441
Taxes
-€2
Result 2025
-€5,188
raises the resultlowers the result
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.
From operations
+€38,273
Investment
-€19,143
Financing
-€16,717
Cash 2024
€10,958
From operations (derived)
+€38,273
Net result for the year
-€5,188
Depreciation
+€102,898
Receivables within one year
-€6,325
Deferred charges and accrued income
-€5,791
Trade debts
-€5,904
Tax, wage and social debts
+€3,214
Advances received
+€22,027
Other debts
-€84,389
Accrued charges and deferred income
+€17,730
Investment (derived)
-€19,143
Investment in fixed assets (net)
-€19,143
Financing
-€16,717
Debts after one year
-€38,201
Current portion of long-term debt
+€21,484
Cash 2025
€13,372
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,243,015 | €2,173,789 | -€69,226 | -3.1% |
| Fixed assets | 21/28 | €2,190,024 | €2,106,269 | -€83,755 | -3.8% |
| Intangible fixed assets | 21 | €11,049 | €4,338 | -€6,711 | -60.7% |
| Tangible fixed assets | 22/27 | €2,178,975 | €2,101,931 | -€77,044 | -3.5% |
| Land and buildings | 22 | €2,144,547 | €2,066,189 | -€78,358 | -3.7% |
| Plant, machinery and equipment | 23 | €3,607 | €8,204 | +€4,597 | +127% |
| Furniture and vehicles | 24 | €10,493 | €4,627 | -€5,866 | -55.9% |
| Leasing and similar rights | 25 | €20,328 | €14,383 | -€5,945 | -29.2% |
| Assets under construction and advance payments | 27 | - | €8,528 | +€8,528 | |
| Current assets | 29/58 | €52,991 | €67,520 | +€14,529 | +27.4% |
| Amounts receivable within one year | 40/41 | €41,787 | €48,112 | +€6,325 | +15.1% |
| Trade receivables | 40 | €33,308 | €48,112 | +€14,804 | +44.4% |
| Other amounts receivable | 41 | €8,479 | €0 | -€8,479 | -100% |
| Cash at bank and in hand | 54/58 | €10,958 | €13,372 | +€2,413 | +22.0% |
| Deferred charges and accrued income | 490/1 | €246 | €6,036 | +€5,791 | +2,356% |
| Total equity and liabilities | 10/49 | €2,243,015 | €2,173,789 | -€69,226 | -3.1% |
| Equity | 10/15 | -€42,489 | -€47,677 | -€5,188 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,089 | -€66,277 | -€5,188 | -8.5% |
| Amounts payable | 17/49 | €2,285,505 | €2,221,466 | -€64,039 | -2.8% |
| Amounts payable after more than one year | 17 | €1,290,491 | €1,252,290 | -€38,201 | -3.0% |
| Financial debts | 170/4 | €1,290,491 | €1,252,290 | -€38,201 | -3.0% |
| Amounts payable within one year | 42/48 | €981,018 | €937,450 | -€43,568 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €104,951 | €126,435 | +€21,484 | +20.5% |
| Trade debts | 44 | €49,764 | €43,861 | -€5,904 | -11.9% |
| Suppliers | 440/4 | €49,764 | €43,861 | -€5,904 | -11.9% |
| Advances received on contracts in progress | 46 | €20,941 | €42,968 | +€22,027 | +105% |
| Taxes, remuneration and social security | 45 | €7,604 | €10,818 | +€3,214 | +42.3% |
| Taxes | 450/3 | €174 | €3,124 | +€2,950 | +1,691% |
| Remuneration and social security | 454/9 | €7,430 | €7,694 | +€264 | +3.6% |
| Other amounts payable | 47/48 | €797,757 | €713,368 | -€84,389 | -10.6% |
| Accrued charges and deferred income | 492/3 | €13,996 | €31,726 | +€17,730 | +127% |
| Remuneration, social security and pensions | 62 | €58,256 | €59,693 | +€1,437 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,648 | €102,898 | +€1,250 | +1.2% |
| Other operating charges | 640/8 | €5,882 | €15,419 | +€9,537 | +162% |
| Gross operating margin | 9900 | €259,028 | €204,580 | -€54,448 | -21.0% |
| Operating profit (loss) | 9901 | €93,242 | €26,571 | -€66,671 | -71.5% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100% |
| Financial charges | 65/66B | €33,024 | €31,582 | -€1,441 | -4.4% |
| Recurring financial charges | 65 | €33,024 | €31,582 | -€1,441 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €60,263 | -€5,012 | -€65,275 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €60,089 | -€5,188 | -€65,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,089 | -€5,188 | -€65,277 |
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 30 October 2026 via checked.be.