LOUVIMAR: what changed
What changed
LOUVIMAR
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€40,873
2024 · -€14,383-€26,490
Equity
€106,849
2024 · €147,721-€40,873
Cash
€163,937
2024 · €191,351-€27,414
Balance sheet total
€620,294
2024 · €642,329-€22,035
Largest movements
Assets
- Tangible fixed assets +€37,066
up €37,066 (+21.0%), from €176,101 to €213,168
of which Furniture and vehicles: +€39,138
- Cash -€27,414
down €27,414 (-14.3%), from €191,351 to €163,937
mainly Investment in fixed assets (net) (-€63,151) and Net result for the year (-€40,873)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Receivables within one year -€6,746
down €6,746 (-7.4%), from €91,288 to €84,542
of which Other amounts receivable: -€4,336
Equity and liabilities
- Profit (loss) carried forward -€38,873
down €38,873, from €17,261 to -€21,611
- Debts after one year +€28,715
new in 2025: €28,715
- Current portion of long-term debt +€11,689
new in 2025: €11,689
- Tax, wage and social debts -€10,346
down €10,346 (-18.3%), from €56,685 to €46,339
of which Taxes: -€6,119
- Trade debts -€8,551
down €8,551 (-4.4%), from €194,888 to €186,336
Income statement
- Staff costs +€17,974
up €17,974 (+6.7%), from €269,045 to €287,019
- Depreciation +€9,538
up €9,538 (+57.6%), from €16,547 to €26,085
- Gross operating margin +€2,993
up €2,993 (+1.1%), from €278,163 to €281,156
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
-€14,383
Gross operating margin
+€2,993
Staff costs
-€17,974
Depreciation
-€9,538
Other operating charges
-€959
Other operating items
+€350
Financial income
-€562
Financial charges
-€878
Taxes
+€77
Result 2025
-€40,873
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
-€29,667
Investment
-€38,151
Financing
+€40,404
Cash 2024
€191,351
From operations (derived)
-€29,667
Net result for the year
-€40,873
Depreciation
+€26,085
Stocks and contracts
-€721
Receivables within one year
+€6,746
Deferred charges and accrued income
+€663
Trade debts
-€8,551
Tax, wage and social debts
-€10,346
Other debts
-€2,669
Investment (derived)
-€38,151
Investment in fixed assets (net)
-€63,151
Current investments
+€25,000
Financing
+€40,404
Debts after one year
+€28,715
Current portion of long-term debt
+€11,689
Cash 2025
€163,937
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,329 | €620,294 | -€22,035 | -3.4% |
| Fixed assets | 21/28 | €176,555 | €213,621 | +€37,066 | +21.0% |
| Tangible fixed assets | 22/27 | €176,101 | €213,168 | +€37,066 | +21.0% |
| Land and buildings | 22 | €161,096 | €152,292 | -€8,804 | -5.5% |
| Plant, machinery and equipment | 23 | €15,005 | €21,737 | +€6,732 | +44.9% |
| Furniture and vehicles | 24 | - | €39,138 | +€39,138 | |
| Financial fixed assets | 28 | €453 | €453 | = | 0.0% |
| Current assets | 29/58 | €465,774 | €406,673 | -€59,101 | -12.7% |
| Stocks and contracts in progress | 3 | €155,626 | €156,347 | +€721 | +0.5% |
| Stocks | 30/36 | €155,626 | €156,347 | +€721 | +0.5% |
| Amounts receivable within one year | 40/41 | €91,288 | €84,542 | -€6,746 | -7.4% |
| Trade receivables | 40 | €69,013 | €66,603 | -€2,410 | -3.5% |
| Other amounts receivable | 41 | €22,275 | €17,939 | -€4,336 | -19.5% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €191,351 | €163,937 | -€27,414 | -14.3% |
| Deferred charges and accrued income | 490/1 | €2,510 | €1,847 | -€663 | -26.4% |
| Total equity and liabilities | 10/49 | €642,329 | €620,294 | -€22,035 | -3.4% |
| Equity | 10/15 | €147,721 | €106,849 | -€40,873 | -27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,860 | €109,860 | -€2,000 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €108,000 | -€2,000 | -1.8% |
| Profit (loss) carried forward | 14 | €17,261 | -€21,611 | -€38,873 | |
| Amounts payable | 17/49 | €494,607 | €513,445 | +€18,838 | +3.8% |
| Amounts payable after more than one year | 17 | - | €28,715 | +€28,715 | |
| Financial debts | 170/4 | - | €28,715 | +€28,715 | |
| Amounts payable within one year | 42/48 | €494,607 | €484,730 | -€9,877 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €11,689 | +€11,689 | |
| Trade debts | 44 | €194,888 | €186,336 | -€8,551 | -4.4% |
| Suppliers | 440/4 | €194,888 | €186,336 | -€8,551 | -4.4% |
| Taxes, remuneration and social security | 45 | €56,685 | €46,339 | -€10,346 | -18.3% |
| Taxes | 450/3 | €7,639 | €1,521 | -€6,119 | -80.1% |
| Remuneration and social security | 454/9 | €49,046 | €44,819 | -€4,227 | -8.6% |
| Other amounts payable | 47/48 | €243,035 | €240,365 | -€2,669 | -1.1% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €269,045 | €287,019 | +€17,974 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,547 | €26,085 | +€9,538 | +57.6% |
| Other operating charges | 640/8 | €4,908 | €5,868 | +€959 | +19.5% |
| Non-recurring operating charges | 66A | €350 | - | -€350 | |
| Gross operating margin | 9900 | €278,163 | €281,156 | +€2,993 | +1.1% |
| Operating profit (loss) | 9901 | -€12,687 | -€37,815 | -€25,128 | -198% |
| Financial income | 75/76B | €1,140 | €578 | -€562 | -49.3% |
| Recurring financial income | 75 | €1,140 | €18 | -€1,122 | -98.4% |
| Non-recurring financial income | 76B | - | €560 | +€560 | |
| Financial charges | 65/66B | €1,846 | €2,723 | +€878 | +47.6% |
| Recurring financial charges | 65 | €1,846 | €2,723 | +€878 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,393 | -€39,960 | -€26,567 | -198% |
| Income taxes | 67/77 | €990 | €912 | -€77 | -7.8% |
| Profit (loss) for the period | 9904 | -€14,383 | -€40,873 | -€26,490 | -184% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,383 | -€40,873 | -€26,490 | -184% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.