Louyet Carr.: 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.
Louyet Carr.
Largest movements
- Receivables within one year +€218,524
up €218,524 (+40.1%), from €545,208 to €763,732
of which Trade receivables: +€222,502
- Cash -€110,147
down €110,147 (-97.3%), from €113,256 to €3,109
mainly Receivables within one year (-€218,524) and Trade debts (-€131,004)
- Receivables after one year +€25,655
up €25,655 (+8.5%), from €301,448 to €327,103
- Tangible fixed assets -€22,086
down €22,086 (-12.3%), from €180,101 to €158,016
of which Furniture and vehicles: -€32,713
- Other debts +€212,786
up €212,786 (+11,353%), from €1,874 to €214,660
- Trade debts -€131,004
down €131,004 (-53.2%), from €246,276 to €115,272
- Reserves +€90,409
up €90,409 (+13.8%), from €653,170 to €743,578
of which Distributable reserves: +€90,409
- Tax, wage and social debts -€55,916
down €55,916 (-39.2%), from €142,742 to €86,825
of which Taxes: -€90,504
- Debts after one year -€13,993
down €13,993 (-59.1%), from €23,674 to €9,681
- Gross operating margin +€421,490
up €421,490 (+122%), from €344,640 to €766,130
- Staff costs +€331,401
up €331,401 (+139%), from €239,082 to €570,483
- Write-downs -€63,241
down €63,241, from €58,232 to -€5,009
- Taxes +€36,749
up €36,749 (+4,481%), from €820 to €37,569
- Other operating charges +€11,130
up €11,130 (+252%), from €4,420 to €15,550
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 | €1,163,466 | €1,271,169 | +€107,703 | +9.3% |
| Fixed assets | 21/28 | €180,101 | €158,016 | -€22,086 | -12.3% |
| Tangible fixed assets | 22/27 | €180,101 | €158,016 | -€22,086 | -12.3% |
| Land and buildings | 22 | €92,121 | €90,055 | -€2,067 | -2.2% |
| Plant, machinery and equipment | 23 | €34,204 | €46,898 | +€12,694 | +37.1% |
| Furniture and vehicles | 24 | €53,776 | €21,063 | -€32,713 | -60.8% |
| Current assets | 29/58 | €983,365 | €1,113,153 | +€129,788 | +13.2% |
| Amounts receivable after more than one year | 29 | €301,448 | €327,103 | +€25,655 | +8.5% |
| Other amounts receivable | 291 | €301,448 | €327,103 | +€25,655 | +8.5% |
| Stocks and contracts in progress | 3 | €20,173 | €15,274 | -€4,900 | -24.3% |
| Stocks | 30/36 | €20,173 | €15,274 | -€4,900 | -24.3% |
| Amounts receivable within one year | 40/41 | €545,208 | €763,732 | +€218,524 | +40.1% |
| Trade receivables | 40 | €537,600 | €760,102 | +€222,502 | +41.4% |
| Other amounts receivable | 41 | €7,608 | €3,630 | -€3,979 | -52.3% |
| Current investments | 50/53 | €2,195 | €0 | -€2,195 | -100% |
| Cash at bank and in hand | 54/58 | €113,256 | €3,109 | -€110,147 | -97.3% |
| Deferred charges and accrued income | 490/1 | €1,084 | €3,935 | +€2,851 | +263% |
| Total equity and liabilities | 10/49 | €1,163,466 | €1,271,169 | +€107,703 | +9.3% |
| Equity | 10/15 | €726,098 | €813,144 | +€87,046 | +12.0% |
| 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% |
| Reserves | 13 | €653,170 | €743,578 | +€90,409 | +13.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €646,970 | €737,378 | +€90,409 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €10,928 | €7,566 | -€3,363 | -30.8% |
| Amounts payable | 17/49 | €437,368 | €458,025 | +€20,656 | +4.7% |
| Amounts payable after more than one year | 17 | €23,674 | €9,681 | -€13,993 | -59.1% |
| Financial debts | 170/4 | €23,674 | €9,681 | -€13,993 | -59.1% |
| Amounts payable within one year | 42/48 | €413,695 | €440,343 | +€26,648 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €15,437 | €13,993 | -€1,444 | -9.4% |
| Financial debts | 43 | - | €9,592 | +€9,592 | |
| Credit institutions | 430/8 | - | €9,592 | +€9,592 | |
| Trade debts | 44 | €246,276 | €115,272 | -€131,004 | -53.2% |
| Suppliers | 440/4 | €246,276 | €115,272 | -€131,004 | -53.2% |
| Advances received on contracts in progress | 46 | €7,365 | €0 | -€7,365 | -100% |
| Taxes, remuneration and social security | 45 | €142,742 | €86,825 | -€55,916 | -39.2% |
| Taxes | 450/3 | €104,679 | €14,175 | -€90,504 | -86.5% |
| Remuneration and social security | 454/9 | €38,063 | €72,651 | +€34,588 | +90.9% |
| Other amounts payable | 47/48 | €1,874 | €214,660 | +€212,786 | +11,353% |
| Accrued charges and deferred income | 492/3 | - | €8,001 | +€8,001 | |
| Non-recurring operating income | 76A | - | €34,240 | +€34,240 | |
| Remuneration, social security and pensions | 62 | €239,082 | €570,483 | +€331,401 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,130 | €54,724 | +€9,594 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,232 | -€5,009 | -€63,241 | |
| Other operating charges | 640/8 | €4,420 | €15,550 | +€11,130 | +252% |
| Non-recurring operating charges | 66A | €1,011 | €1,640 | +€628 | +62.2% |
| Gross operating margin | 9900 | €344,640 | €766,130 | +€421,490 | +122% |
| Operating profit (loss) | 9901 | -€3,236 | €128,742 | +€131,978 | |
| Financial income | 75/76B | €5,849 | €3,530 | -€2,319 | -39.7% |
| Recurring financial income | 75 | €5,849 | €3,530 | -€2,319 | -39.7% |
| Financial charges | 65/66B | €3,276 | €4,294 | +€1,017 | +31.1% |
| Recurring financial charges | 65 | €3,276 | €4,294 | +€1,017 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€664 | €127,978 | +€128,641 | |
| Income taxes | 67/77 | €820 | €37,569 | +€36,749 | +4,481% |
| Profit (loss) for the period | 9904 | -€1,484 | €90,409 | +€91,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,484 | €90,409 | +€91,892 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.