Louwyck: what changed
What changed
Louwyck
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€523,647
2024 · €238,427+€285,220
Equity
€6.7m
2024 · €6.6m+€161,182
Cash
€1.2m
2024 · €798,029+€437,709
Balance sheet total
€7.2m
2024 · €6.9m+€231,662
Largest movements
Assets
- Cash +€437,709
up €437,709 (+54.8%), from €798,029 to €1.2m
mainly Net result for the year (+€523,647) and Depreciation (+€450,406)
- Tangible fixed assets -€293,446
down €293,446 (-27.6%), from €1.1m to €771,219
of which Furniture and vehicles: -€352,514
Equity and liabilities
- Reserves +€161,182
up €161,182 (+2.5%), from €6.5m to €6.7m
of which Distributable reserves: +€161,182
Income statement
- Gross operating margin +€530,732
up €530,732 (+26.3%), from €2.0m to €2.6m
- Staff costs +€160,933
up €160,933 (+16.1%), from €1.0m to €1.2m
- Taxes +€132,343
up €132,343 (+124%), from €106,816 to €239,159
- Depreciation -€121,574
down €121,574 (-21.3%), from €571,979 to €450,406
- Other operating charges +€63,916
up €63,916 (+26.3%), from €243,169 to €307,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€238,427
Gross operating margin
+€530,732
Staff costs
-€160,933
Depreciation
+€121,574
Other operating charges
-€63,916
Other operating items
-€701
Financial income
-€8,353
Financial charges
-€840
Taxes
-€132,343
Result 2025
€523,647
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€206,960
Financing
-€362,465
Cash 2024
€798,029
From operations (derived)
+€1.0m
Net result for the year
+€523,647
Depreciation
+€450,406
Receivables within one year
-€28,030
Deferred charges and accrued income
-€9,368
Trade debts
+€55,815
Tax, wage and social debts
+€9,859
Other debts
+€935
Accrued charges and deferred income
+€3,872
Investment (derived)
-€206,960
Investment in fixed assets (net)
-€156,960
Current investments
-€50,000
Financing
-€362,465
Contributions, distributions and other
-€362,465
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,931,129 | €7,162,792 | +€231,662 | +3.3% |
| Fixed assets | 21/28 | €1,068,490 | €775,044 | -€293,446 | -27.5% |
| Tangible fixed assets | 22/27 | €1,064,665 | €771,219 | -€293,446 | -27.6% |
| Land and buildings | 22 | €410,164 | €475,443 | +€65,279 | +15.9% |
| Plant, machinery and equipment | 23 | €65,087 | €58,876 | -€6,211 | -9.5% |
| Furniture and vehicles | 24 | €589,414 | €236,901 | -€352,514 | -59.8% |
| Financial fixed assets | 28 | €3,825 | €3,825 | = | 0.0% |
| Current assets | 29/58 | €5,862,640 | €6,387,747 | +€525,108 | +9.0% |
| Amounts receivable within one year | 40/41 | €690,166 | €718,197 | +€28,030 | +4.1% |
| Trade receivables | 40 | €689,998 | €718,197 | +€28,199 | +4.1% |
| Other amounts receivable | 41 | €168 | €0 | -€168 | -100% |
| Current investments | 50/53 | €4,350,000 | €4,400,000 | +€50,000 | +1.1% |
| Cash at bank and in hand | 54/58 | €798,029 | €1,235,738 | +€437,709 | +54.8% |
| Deferred charges and accrued income | 490/1 | €24,445 | €33,813 | +€9,368 | +38.3% |
| Total equity and liabilities | 10/49 | €6,931,129 | €7,162,792 | +€231,662 | +3.3% |
| Equity | 10/15 | €6,559,882 | €6,721,064 | +€161,182 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,541,282 | €6,702,464 | +€161,182 | +2.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,521,880 | €1,521,880 | = | 0.0% |
| Distributable reserves | 133 | €5,019,402 | €5,180,584 | +€161,182 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €371,248 | €441,728 | +€70,480 | +19.0% |
| Amounts payable within one year | 42/48 | €369,937 | €436,545 | +€66,608 | +18.0% |
| Trade debts | 44 | €95,701 | €151,515 | +€55,815 | +58.3% |
| Suppliers | 440/4 | €95,701 | €151,515 | +€55,815 | +58.3% |
| Taxes, remuneration and social security | 45 | €211,121 | €220,980 | +€9,859 | +4.7% |
| Taxes | 450/3 | €75,573 | €88,721 | +€13,147 | +17.4% |
| Remuneration and social security | 454/9 | €135,548 | €132,259 | -€3,288 | -2.4% |
| Other amounts payable | 47/48 | €63,115 | €64,050 | +€935 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,311 | €5,183 | +€3,872 | +295% |
| Non-recurring operating income | 76A | €1,920 | €1,700 | -€220 | -11.5% |
| Remuneration, social security and pensions | 62 | €1,001,775 | €1,162,708 | +€160,933 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571,979 | €450,406 | -€121,574 | -21.3% |
| Other operating charges | 640/8 | €243,169 | €307,085 | +€63,916 | +26.3% |
| Non-recurring operating charges | 66A | €3,358 | €4,058 | +€701 | +20.9% |
| Gross operating margin | 9900 | €2,019,433 | €2,550,165 | +€530,732 | +26.3% |
| Operating profit (loss) | 9901 | €199,152 | €625,908 | +€426,756 | +214% |
| Financial income | 75/76B | €151,428 | €143,075 | -€8,353 | -5.5% |
| Recurring financial income | 75 | €151,428 | €143,075 | -€8,353 | -5.5% |
| Financial charges | 65/66B | €5,337 | €6,177 | +€840 | +15.7% |
| Recurring financial charges | 65 | €5,337 | €6,177 | +€840 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €345,243 | €762,806 | +€417,563 | +121% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €106,816 | €239,159 | +€132,343 | +124% |
| Profit (loss) for the period | 9904 | €238,427 | €523,647 | +€285,220 | +120% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €238,427 | €523,647 | +€285,220 | +120% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.