MISE LOUVAL: 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.
MISE LOUVAL
Largest movements
- Stocks and contracts +€363,905
new in 2025: €363,905
- Debts after one year +€356,000
up €356,000 (+51.4%), from €692,000 to €1.0m
- Other debts +€37,500
new in 2025: €37,500
- Trade debts -€32,938
down €32,938 (-15.1%), from €218,453 to €185,515
- Gross operating margin +€27,321
up €27,321 (+98.1%), from -€27,855 to -€535
- Financial income -€1,161
no longer reported in 2025 (was €1,161)
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 | €893,437 | €1,251,613 | +€358,177 | +40.1% |
| Current assets | 29/58 | €893,437 | €1,251,613 | +€358,177 | +40.1% |
| Amounts receivable after more than one year | 29 | €650,000 | €650,000 | = | 0.0% |
| Other amounts receivable | 291 | €650,000 | €650,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €363,905 | +€363,905 | |
| Stocks | 30/36 | - | €363,905 | +€363,905 | |
| Amounts receivable within one year | 40/41 | €242,796 | €235,661 | -€7,135 | -2.9% |
| Trade receivables | 40 | €229,900 | €222,100 | -€7,800 | -3.4% |
| Other amounts receivable | 41 | €12,896 | €13,561 | +€665 | +5.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €641 | €2,048 | +€1,406 | +219% |
| Total equity and liabilities | 10/49 | €893,437 | €1,251,613 | +€358,177 | +40.1% |
| Equity | 10/15 | -€17,016 | -€19,401 | -€2,385 | -14.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,016 | -€29,401 | -€2,385 | -8.8% |
| Amounts payable | 17/49 | €910,453 | €1,271,015 | +€360,562 | +39.6% |
| Amounts payable after more than one year | 17 | €692,000 | €1,048,000 | +€356,000 | +51.4% |
| Other amounts payable | 178/9 | €692,000 | €1,048,000 | +€356,000 | +51.4% |
| Amounts payable within one year | 42/48 | €218,453 | €223,015 | +€4,562 | +2.1% |
| Trade debts | 44 | €218,453 | €185,515 | -€32,938 | -15.1% |
| Suppliers | 440/4 | €218,453 | €185,515 | -€32,938 | -15.1% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €37,500 | +€37,500 | |
| Other operating charges | 640/8 | - | €220 | +€220 | |
| Gross operating margin | 9900 | -€27,855 | -€535 | +€27,321 | +98.1% |
| Operating profit (loss) | 9901 | -€27,855 | -€755 | +€27,101 | +97.3% |
| Financial income | 75/76B | €1,161 | - | -€1,161 | |
| Recurring financial income | 75 | €1,161 | - | -€1,161 | |
| Financial charges | 65/66B | €322 | €464 | +€142 | +44.3% |
| Recurring financial charges | 65 | €322 | €464 | +€142 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,016 | -€1,219 | +€25,797 | +95.5% |
| Profit (loss) for the period | 9904 | -€27,016 | -€1,219 | +€25,797 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,016 | -€1,219 | +€25,797 | +95.5% |
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 16 October 2026 via checked.be.