LOUVREX MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets -€65,700
down €65,700 (-16.6%), from €395,779 to €330,079
- Receivables within one year -€29,280
down €29,280 (-82.3%), from €35,579 to €6,298
of which Other amounts receivable: -€27,140
- Profit (loss) carried forward -€84,053
down €84,053 (-49.9%), from €168,289 to €84,236
- Tax, wage and social debts -€21,792
down €21,792 (-88.6%), from €24,584 to €2,793
- Other debts +€5,895
up €5,895 (+9.0%), from €65,753 to €71,648
- Gross operating margin -€11,247
down €11,247, from €2,352 to -€8,895
- Write-downs +€3,603
new in 2025: €3,603
- Taxes -€3,451
no longer reported in 2025 (was €3,451)
- Depreciation -€1,182
down €1,182 (-31.9%), from €3,706 to €2,525
- Financial charges +€659
up €659 (+31.7%), from €2,075 to €2,734
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 | €448,826 | €347,430 | -€101,396 | -22.6% |
| Fixed assets | 21/28 | €409,171 | €340,947 | -€68,225 | -16.7% |
| Tangible fixed assets | 22/27 | €13,392 | €10,867 | -€2,525 | -18.9% |
| Plant, machinery and equipment | 23 | €6,496 | €4,764 | -€1,732 | -26.7% |
| Furniture and vehicles | 24 | €2,350 | €1,750 | -€600 | -25.5% |
| Other tangible fixed assets | 26 | €4,546 | €4,353 | -€192 | -4.2% |
| Financial fixed assets | 28 | €395,779 | €330,079 | -€65,700 | -16.6% |
| Current assets | 29/58 | €39,655 | €6,484 | -€33,172 | -83.7% |
| Amounts receivable within one year | 40/41 | €35,579 | €6,298 | -€29,280 | -82.3% |
| Trade receivables | 40 | €4,180 | €2,039 | -€2,141 | -51.2% |
| Other amounts receivable | 41 | €31,399 | €4,259 | -€27,140 | -86.4% |
| Cash at bank and in hand | 54/58 | €4,077 | €185 | -€3,891 | -95.5% |
| Total equity and liabilities | 10/49 | €448,826 | €347,430 | -€101,396 | -22.6% |
| Equity | 10/15 | €355,289 | €271,236 | -€84,053 | -23.7% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,289 | €84,236 | -€84,053 | -49.9% |
| Amounts payable | 17/49 | €93,537 | €76,194 | -€17,343 | -18.5% |
| Amounts payable within one year | 42/48 | €93,537 | €76,194 | -€17,343 | -18.5% |
| Trade debts | 44 | €3,200 | €1,754 | -€1,446 | -45.2% |
| Suppliers | 440/4 | €3,200 | €1,754 | -€1,446 | -45.2% |
| Taxes, remuneration and social security | 45 | €24,584 | €2,793 | -€21,792 | -88.6% |
| Taxes | 450/3 | €24,584 | €2,793 | -€21,792 | -88.6% |
| Other amounts payable | 47/48 | €65,753 | €71,648 | +€5,895 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,706 | €2,525 | -€1,182 | -31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,603 | +€3,603 | |
| Other operating charges | 640/8 | €1,115 | €1,103 | -€12 | -1.1% |
| Non-recurring operating charges | 66A | - | €65,200 | +€65,200 | |
| Gross operating margin | 9900 | €2,352 | -€8,895 | -€11,247 | |
| Operating profit (loss) | 9901 | -€2,469 | -€81,325 | -€78,856 | -3,194% |
| Financial income | 75/76B | €3 | €6 | +€3 | +84.2% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +84.2% |
| Financial charges | 65/66B | €2,075 | €2,734 | +€659 | +31.7% |
| Recurring financial charges | 65 | €2,075 | €2,734 | +€659 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,541 | -€84,053 | -€79,512 | -1,751% |
| Income taxes | 67/77 | €3,451 | - | -€3,451 | |
| Profit (loss) for the period | 9904 | -€7,991 | -€84,053 | -€76,062 | -952% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,991 | -€84,053 | -€76,062 | -952% |
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 18 October 2026 via checked.be.