LOUVRANGES: what changed
Two fiscal 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.
LOUVRANGES
Largest movements
- Tangible fixed assets -€118,153
down €118,153 (-8.6%), from €1.4m to €1.3m
of which Land and buildings: -€98,903
- Profit (loss) carried forward -€175,961
down €175,961 (-5.9%), from -€3.0m to -€3.1m
- Trade debts +€43,151
up €43,151 (+570.6%), from €7,562 to €50,714
- Gross operating margin +€132,861
up €132,861, from -€119,079 to €13,782
- Other operating charges +€69,382
new in 2024: €69,382
- Depreciation -€20,159
down €20,159 (-14.6%), from €138,312 to €118,153
- Financial charges +€1,559
up €1,559 (+731.0%), from €213 to €1,773
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.
Cash bridge derived
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 | €1,386,546 | €1,263,927 | -€122,619 | -8.8% |
| Fixed assets | 21/28 | €1,381,000 | €1,262,846 | -€118,153 | -8.6% |
| Tangible fixed assets | 22/27 | €1,378,465 | €1,260,312 | -€118,153 | -8.6% |
| Land and buildings | 22 | €1,286,929 | €1,188,026 | -€98,903 | -7.7% |
| Plant, machinery and equipment | 23 | €75,963 | €59,542 | -€16,421 | -21.6% |
| Furniture and vehicles | 24 | €15,573 | €12,744 | -€2,829 | -18.2% |
| Financial fixed assets | 28 | €2,534 | €2,534 | = | 0.0% |
| Current assets | 29/58 | €5,547 | €1,081 | -€4,466 | -80.5% |
| Amounts receivable within one year | 40/41 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,547 | €81 | -€4,466 | -98.2% |
| Total equity and liabilities | 10/49 | €1,386,546 | €1,263,927 | -€122,619 | -8.8% |
| Equity | 10/15 | -€1,872,454 | -€2,048,415 | -€175,961 | -9.4% |
| Contributions | 10/11 | €1,016,363 | €1,016,363 | = | 0.0% |
| Capital | 10 | €1,016,363 | €1,016,363 | = | 0.0% |
| Issued capital | 100 | €1,016,363 | €1,016,363 | = | 0.0% |
| Reserves | 13 | €78,720 | €78,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,720 | €78,720 | = | 0.0% |
| Legal reserve | 130 | €78,720 | €78,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,967,538 | -€3,143,499 | -€175,961 | -5.9% |
| Amounts payable | 17/49 | €3,259,001 | €3,312,342 | +€53,342 | +1.6% |
| Amounts payable within one year | 42/48 | €3,259,001 | €3,312,342 | +€53,342 | +1.6% |
| Trade debts | 44 | €7,562 | €50,714 | +€43,151 | +570.6% |
| Suppliers | 440/4 | €7,562 | €50,714 | +€43,151 | +570.6% |
| Taxes, remuneration and social security | 45 | €49,269 | €49,269 | = | 0.0% |
| Taxes | 450/3 | €49,269 | €49,269 | = | 0.0% |
| Other amounts payable | 47/48 | €3,202,169 | €3,212,360 | +€10,190 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,312 | €118,153 | -€20,159 | -14.6% |
| Other operating charges | 640/8 | - | €69,382 | +€69,382 | |
| Non-recurring operating charges | 66A | - | €343 | +€343 | |
| Gross operating margin | 9900 | -€119,079 | €13,782 | +€132,861 | |
| Operating profit (loss) | 9901 | -€257,391 | -€174,096 | +€83,295 | +32.4% |
| Financial charges | 65/66B | €213 | €1,773 | +€1,559 | +731.0% |
| Recurring financial charges | 65 | €213 | €1,773 | +€1,559 | +731.0% |
| Profit (loss) for the period before taxes | 9903 | -€257,604 | -€175,869 | +€81,736 | +31.7% |
| Income taxes | 67/77 | - | €92 | +€92 | |
| Profit (loss) for the period | 9904 | -€257,604 | -€175,961 | +€81,643 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,604 | -€175,961 | +€81,643 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.