LOUVINA: 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.
LOUVINA
Largest movements
- Receivables within one year -€89,252
no longer reported in 2025 (was €89,252)
- Cash +€30,350
up €30,350 (+295%), from €10,280 to €40,630
mainly Receivables within one year (+€89,252) and Net result for the year (+€32,201)
- Tangible fixed assets -€26,257
down €26,257 (-2.7%), from €958,689 to €932,432
- Other debts -€131,768
down €131,768 (-13.1%), from €1.0m to €877,259
- Profit (loss) carried forward +€32,201
up €32,201 (+157%), from €20,571 to €52,772
- Tax, wage and social debts +€11,880
up €11,880 (+181%), from €6,580 to €18,460
- Gross operating margin +€24,011
up €24,011 (+46.3%), from €51,845 to €75,857
- Taxes +€5,300
up €5,300 (+80.6%), from €6,580 to €11,880
- Financial income -€3,953
no longer reported in 2025 (was €3,953)
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 | €1,063,389 | €973,880 | -€89,509 | -8.4% |
| Fixed assets | 21/28 | €958,689 | €932,432 | -€26,257 | -2.7% |
| Tangible fixed assets | 22/27 | €958,689 | €932,432 | -€26,257 | -2.7% |
| Land and buildings | 22 | €958,689 | €932,432 | -€26,257 | -2.7% |
| Current assets | 29/58 | €104,700 | €41,448 | -€63,253 | -60.4% |
| Amounts receivable within one year | 40/41 | €89,252 | - | -€89,252 | |
| Other amounts receivable | 41 | €89,252 | - | -€89,252 | |
| Cash at bank and in hand | 54/58 | €10,280 | €40,630 | +€30,350 | +295% |
| Deferred charges and accrued income | 490/1 | €5,168 | €818 | -€4,350 | -84.2% |
| Total equity and liabilities | 10/49 | €1,063,389 | €973,880 | -€89,509 | -8.4% |
| Equity | 10/15 | €40,571 | €72,772 | +€32,201 | +79.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,571 | €52,772 | +€32,201 | +157% |
| Amounts payable | 17/49 | €1,022,818 | €901,108 | -€121,710 | -11.9% |
| Amounts payable after more than one year | 17 | €6,629 | €3,580 | -€3,049 | -46.0% |
| Other amounts payable | 178/9 | €6,629 | €3,580 | -€3,049 | -46.0% |
| Amounts payable within one year | 42/48 | €1,016,189 | €896,720 | -€119,469 | -11.8% |
| Trade debts | 44 | €583 | €1,001 | +€419 | +71.9% |
| Suppliers | 440/4 | €583 | €1,001 | +€419 | +71.9% |
| Taxes, remuneration and social security | 45 | €6,580 | €18,460 | +€11,880 | +181% |
| Taxes | 450/3 | €6,580 | €18,460 | +€11,880 | +181% |
| Other amounts payable | 47/48 | €1,009,027 | €877,259 | -€131,768 | -13.1% |
| Accrued charges and deferred income | 492/3 | - | €808 | +€808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,336 | €26,257 | -€80 | -0.3% |
| Other operating charges | 640/8 | €5,199 | €5,363 | +€164 | +3.2% |
| Gross operating margin | 9900 | €51,845 | €75,857 | +€24,011 | +46.3% |
| Operating profit (loss) | 9901 | €20,309 | €44,237 | +€23,927 | +118% |
| Financial income | 75/76B | €3,953 | - | -€3,953 | |
| Recurring financial income | 75 | €3,953 | - | -€3,953 | |
| Financial charges | 65/66B | €135 | €156 | +€21 | +15.6% |
| Recurring financial charges | 65 | €135 | €156 | +€21 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €24,128 | €44,081 | +€19,953 | +82.7% |
| Income taxes | 67/77 | €6,580 | €11,880 | +€5,300 | +80.6% |
| Profit (loss) for the period | 9904 | €17,548 | €32,201 | +€14,653 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,548 | €32,201 | +€14,653 | +83.5% |
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.