LOUK: 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.
LOUK
Largest movements
- Tangible fixed assets -€18,435
down €18,435 (-58.8%), from €31,378 to €12,943
of which Furniture and vehicles: -€12,117
- Cash -€17,570
down €17,570 (-27.5%), from €63,972 to €46,402
mainly Net result for the year (-€26,505) and Other debts (-€7,356)
- Receivables within one year +€1,641
up €1,641 (+88.2%), from €1,860 to €3,501
of which Trade receivables: +€3,289
- Profit (loss) carried forward -€26,505
down €26,505 (-25.2%), from -€105,050 to -€131,555
- Other debts -€7,356
down €7,356 (-13.8%), from €53,267 to €45,911
- Provisions -€2,762
down €2,762 (-7.1%), from €39,139 to €36,377
- Tax, wage and social debts +€1,672
up €1,672 (+36.3%), from €4,600 to €6,272
- Trade debts +€1,152
up €1,152 (+146%), from €789 to €1,941
- Gross operating margin +€16,256
up €16,256, from -€5,772 to €10,484
- Depreciation -€2,130
down €2,130 (-9.3%), from €22,874 to €20,744
- Provisions +€401
up €401 (+12.7%), from -€3,163 to -€2,762
- Financial income -€332
down €332 (-75.4%), from €440 to €108
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 | €98,695 | €64,904 | -€33,790 | -34.2% |
| Fixed assets | 21/28 | €31,490 | €12,967 | -€18,522 | -58.8% |
| Tangible fixed assets | 22/27 | €31,378 | €12,943 | -€18,435 | -58.8% |
| Plant, machinery and equipment | 23 | €10,970 | €5,253 | -€5,718 | -52.1% |
| Furniture and vehicles | 24 | €19,807 | €7,690 | -€12,117 | -61.2% |
| Other tangible fixed assets | 26 | €600 | €0 | -€600 | -100% |
| Financial fixed assets | 28 | €112 | €25 | -€87 | -77.9% |
| Current assets | 29/58 | €67,205 | €51,937 | -€15,268 | -22.7% |
| Amounts receivable within one year | 40/41 | €1,860 | €3,501 | +€1,641 | +88.2% |
| Trade receivables | 40 | €212 | €3,501 | +€3,289 | +1,553% |
| Other amounts receivable | 41 | €1,648 | €0 | -€1,648 | -100% |
| Cash at bank and in hand | 54/58 | €63,972 | €46,402 | -€17,570 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,373 | €2,034 | +€662 | +48.2% |
| Total equity and liabilities | 10/49 | €98,695 | €64,904 | -€33,790 | -34.2% |
| Equity | 10/15 | €900 | -€25,605 | -€26,505 | |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €67,950 | €67,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,155 | €0 | -€8,155 | -100% |
| Reserves not available under the articles | 1311 | €8,155 | €0 | -€8,155 | -100% |
| Tax-exempt reserves | 132 | €228 | €228 | = | 0.0% |
| Distributable reserves | 133 | €59,567 | €67,722 | +€8,155 | +13.7% |
| Profit (loss) carried forward | 14 | -€105,050 | -€131,555 | -€26,505 | -25.2% |
| Provisions and deferred taxes | 16 | €39,139 | €36,377 | -€2,762 | -7.1% |
| Provisions for liabilities and charges | 160/5 | €39,139 | €36,377 | -€2,762 | -7.1% |
| Other liabilities and charges | 164/5 | €39,139 | €36,377 | -€2,762 | -7.1% |
| Amounts payable | 17/49 | €58,656 | €54,132 | -€4,523 | -7.7% |
| Amounts payable within one year | 42/48 | €58,656 | €54,124 | -€4,532 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €789 | €1,941 | +€1,152 | +146% |
| Suppliers | 440/4 | €789 | €1,941 | +€1,152 | +146% |
| Taxes, remuneration and social security | 45 | €4,600 | €6,272 | +€1,672 | +36.3% |
| Taxes | 450/3 | €4,600 | €6,272 | +€1,672 | +36.3% |
| Other amounts payable | 47/48 | €53,267 | €45,911 | -€7,356 | -13.8% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Non-recurring operating income | 76A | €0 | €5,310 | +€5,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,874 | €20,744 | -€2,130 | -9.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,163 | -€2,762 | +€401 | +12.7% |
| Other operating charges | 640/8 | €1,990 | €1,922 | -€68 | -3.4% |
| Non-recurring operating charges | 66A | €7,550 | €1,251 | -€6,299 | -83.4% |
| Gross operating margin | 9900 | -€5,772 | €10,484 | +€16,256 | |
| Operating profit (loss) | 9901 | -€35,022 | -€10,670 | +€24,352 | +69.5% |
| Financial income | 75/76B | €440 | €108 | -€332 | -75.4% |
| Recurring financial income | 75 | €440 | €108 | -€332 | -75.4% |
| Financial charges | 65/66B | €15,047 | €14,990 | -€57 | -0.4% |
| Recurring financial charges | 65 | €15,047 | €14,990 | -€57 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,629 | -€25,552 | +€24,077 | +48.5% |
| Income taxes | 67/77 | €1,039 | €953 | -€86 | -8.3% |
| Profit (loss) for the period | 9904 | -€50,668 | -€26,505 | +€24,163 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,668 | -€26,505 | +€24,163 | +47.7% |
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 29 October 2026 via checked.be.