LOUWAGIE BEATRIX: 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.
LOUWAGIE BEATRIX
Largest movements
- Current investments -€159,931
down €159,931 (-16.1%), from €992,768 to €832,837
- Cash +€94,997
up €94,997 (+14.2%), from €669,531 to €764,528
mainly Current investments (+€159,931) and Other debts (+€53,575)
- Reserves -€123,100
down €123,100 (-6.3%), from €2.0m to €1.8m
of which Distributable reserves: -€123,100
- Other debts +€53,575
up €53,575 (+581%), from €9,228 to €62,803
- Gross operating margin -€16,888
down €16,888, from €5,259 to -€11,629
- Financial income +€13,328
up €13,328 (+52.2%), from €25,536 to €38,864
- Depreciation +€2,989
up €2,989 (+21.9%), from €13,672 to €16,661
- Taxes -€1,947
down €1,947 (-55.7%), from €3,492 to €1,546
- Financial charges +€729
up €729 (+38.1%), from €1,913 to €2,642
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 | €1,994,759 | €1,926,482 | -€68,277 | -3.4% |
| Fixed assets | 21/28 | €293,746 | €289,579 | -€4,166 | -1.4% |
| Tangible fixed assets | 22/27 | €293,746 | €289,579 | -€4,166 | -1.4% |
| Land and buildings | 22 | €264,749 | €253,630 | -€11,118 | -4.2% |
| Plant, machinery and equipment | 23 | €26,718 | €34,619 | +€7,901 | +29.6% |
| Furniture and vehicles | 24 | €2,279 | €1,330 | -€949 | -41.6% |
| Current assets | 29/58 | €1,701,013 | €1,636,903 | -€64,110 | -3.8% |
| Amounts receivable after more than one year | 29 | €20,984 | €13,976 | -€7,008 | -33.4% |
| Other amounts receivable | 291 | €20,984 | €13,976 | -€7,008 | -33.4% |
| Amounts receivable within one year | 40/41 | €9,420 | €17,737 | +€8,317 | +88.3% |
| Trade receivables | 40 | €5,089 | €4,106 | -€983 | -19.3% |
| Other amounts receivable | 41 | €4,331 | €13,631 | +€9,299 | +215% |
| Current investments | 50/53 | €992,768 | €832,837 | -€159,931 | -16.1% |
| Cash at bank and in hand | 54/58 | €669,531 | €764,528 | +€94,997 | +14.2% |
| Deferred charges and accrued income | 490/1 | €8,310 | €7,825 | -€485 | -5.8% |
| Total equity and liabilities | 10/49 | €1,994,759 | €1,926,482 | -€68,277 | -3.4% |
| Equity | 10/15 | €1,983,690 | €1,860,631 | -€123,059 | -6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,963,099 | €1,839,999 | -€123,100 | -6.3% |
| Tax-exempt reserves | 132 | €156 | €156 | = | 0.0% |
| Distributable reserves | 133 | €1,962,943 | €1,839,843 | -€123,100 | -6.3% |
| Profit (loss) carried forward | 14 | €591 | €632 | +€41 | +6.9% |
| Amounts payable | 17/49 | €11,069 | €65,851 | +€54,782 | +495% |
| Amounts payable within one year | 42/48 | €10,004 | €64,536 | +€54,532 | +545% |
| Trade debts | 44 | €341 | €1,173 | +€832 | +244% |
| Suppliers | 440/4 | €341 | €1,173 | +€832 | +244% |
| Taxes, remuneration and social security | 45 | €434 | €560 | +€126 | +28.9% |
| Taxes | 450/3 | €434 | €560 | +€126 | +28.9% |
| Other amounts payable | 47/48 | €9,228 | €62,803 | +€53,575 | +581% |
| Accrued charges and deferred income | 492/3 | €1,064 | €1,315 | +€251 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,672 | €16,661 | +€2,989 | +21.9% |
| Other operating charges | 640/8 | €3,925 | €3,690 | -€235 | -6.0% |
| Gross operating margin | 9900 | €5,259 | -€11,629 | -€16,888 | |
| Operating profit (loss) | 9901 | -€12,337 | -€31,980 | -€19,642 | -159% |
| Financial income | 75/76B | €25,536 | €38,864 | +€13,328 | +52.2% |
| Recurring financial income | 75 | €25,536 | €38,864 | +€13,328 | +52.2% |
| Financial charges | 65/66B | €1,913 | €2,642 | +€729 | +38.1% |
| Recurring financial charges | 65 | €1,913 | €2,642 | +€729 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €11,286 | €4,243 | -€7,043 | -62.4% |
| Income taxes | 67/77 | €3,492 | €1,546 | -€1,947 | -55.7% |
| Profit (loss) for the period | 9904 | €7,794 | €2,697 | -€5,096 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,794 | €2,697 | -€5,096 | -65.4% |
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 31 October 2026 via checked.be.