LOUVREX 133: 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.
LOUVREX 133
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+302%), from €561,588 to €2.3m
- Cash -€132,483
down €132,483 (-22.0%), from €601,603 to €469,120
mainly Stocks and contracts (-€1.7m) and Tax, wage and social debts (-€91,022)
- Short-term financial debts +€1.3m
up €1.3m (+197%), from €675,672 to €2.0m
- Trade debts +€337,891
up €337,891 (+67.4%), from €501,128 to €839,018
- Tax, wage and social debts -€91,022
down €91,022 (-100%), from €91,022 to €0
- Gross operating margin -€12,586
down €12,586 (-20.0%), from €62,880 to €50,294
- Financial charges -€2,383
down €2,383 (-3.1%), from €75,655 to €73,272
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 | €1,314,965 | €2,869,671 | +€1.6m | +118% |
| Current assets | 29/58 | €1,314,965 | €2,869,671 | +€1.6m | +118% |
| Stocks and contracts in progress | 3 | €561,588 | €2,257,525 | +€1.7m | +302% |
| Contracts in progress | 37 | €561,588 | €2,257,525 | +€1.7m | +302% |
| Amounts receivable within one year | 40/41 | €151,774 | €143,026 | -€8,749 | -5.8% |
| Trade receivables | 40 | €151,774 | €139,357 | -€12,417 | -8.2% |
| Other amounts receivable | 41 | €0 | €3,669 | +€3,669 | |
| Cash at bank and in hand | 54/58 | €601,603 | €469,120 | -€132,483 | -22.0% |
| Total equity and liabilities | 10/49 | €1,314,965 | €2,869,671 | +€1.6m | +118% |
| Equity | 10/15 | €47,144 | €24,166 | -€22,978 | -48.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,856 | -€37,834 | -€22,978 | -155% |
| Amounts payable | 17/49 | €1,267,821 | €2,845,505 | +€1.6m | +124% |
| Amounts payable within one year | 42/48 | €1,267,821 | €2,845,505 | +€1.6m | +124% |
| Financial debts | 43 | €675,672 | €2,006,487 | +€1.3m | +197% |
| Credit institutions | 430/8 | €675,672 | €2,006,487 | +€1.3m | +197% |
| Trade debts | 44 | €501,128 | €839,018 | +€337,891 | +67.4% |
| Suppliers | 440/4 | €501,128 | €839,018 | +€337,891 | +67.4% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €91,022 | €0 | -€91,022 | -100% |
| Taxes | 450/3 | €91,022 | €0 | -€91,022 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Gross operating margin | 9900 | €62,880 | €50,294 | -€12,586 | -20.0% |
| Operating profit (loss) | 9901 | €62,880 | €50,294 | -€12,586 | -20.0% |
| Financial charges | 65/66B | €75,655 | €73,272 | -€2,383 | -3.1% |
| Recurring financial charges | 65 | €75,655 | €73,272 | -€2,383 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,775 | -€22,978 | -€10,203 | -79.9% |
| Profit (loss) for the period | 9904 | -€12,775 | -€22,978 | -€10,203 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,775 | -€22,978 | -€10,203 | -79.9% |
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 23 October 2026 via checked.be.