A LUGAN CONSTRUCT: 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.
A LUGAN CONSTRUCT
Largest movements
- Receivables within one year -€4,558
down €4,558 (-13.0%), from €35,069 to €30,511
of which Trade receivables: -€4,281
- Cash +€4,466
up €4,466 (+260%), from €1,718 to €6,184
mainly Other debts (+€7,289) and Tax, wage and social debts (+€5,926)
- Tangible fixed assets +€977
up €977 (+76.6%), from €1,275 to €2,252
of which Plant, machinery and equipment: +€1,278
- Trade debts -€14,701
down €14,701 (-88.6%), from €16,597 to €1,896
- Other debts +€7,289
up €7,289 (+223%), from €3,263 to €10,552
- Tax, wage and social debts +€5,926
up €5,926 (+113%), from €5,235 to €11,160
of which Remuneration and social security: +€5,300
- Profit (loss) carried forward +€2,134
up €2,134 (+13.7%), from €15,620 to €17,753
- Gross operating margin -€15,267
down €15,267 (-76.2%), from €20,037 to €4,770
- Taxes -€3,309
down €3,309 (-84.1%), from €3,935 to €626
- Depreciation +€1,247
up €1,247 (+347%), from €359 to €1,606
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 | €41,214 | €41,862 | +€648 | +1.6% |
| Fixed assets | 21/28 | €1,560 | €2,536 | +€977 | +62.6% |
| Tangible fixed assets | 22/27 | €1,275 | €2,252 | +€977 | +76.6% |
| Plant, machinery and equipment | 23 | €23 | €1,301 | +€1,278 | +5,463% |
| Furniture and vehicles | 24 | €1,252 | €951 | -€301 | -24.0% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €39,655 | €39,326 | -€329 | -0.8% |
| Amounts receivable within one year | 40/41 | €35,069 | €30,511 | -€4,558 | -13.0% |
| Trade receivables | 40 | €33,857 | €29,576 | -€4,281 | -12.6% |
| Other amounts receivable | 41 | €1,212 | €935 | -€277 | -22.9% |
| Cash at bank and in hand | 54/58 | €1,718 | €6,184 | +€4,466 | +260% |
| Deferred charges and accrued income | 490/1 | €2,867 | €2,630 | -€237 | -8.3% |
| Total equity and liabilities | 10/49 | €41,214 | €41,862 | +€648 | +1.6% |
| Equity | 10/15 | €16,120 | €18,253 | +€2,134 | +13.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,620 | €17,753 | +€2,134 | +13.7% |
| Amounts payable | 17/49 | €25,095 | €23,609 | -€1,486 | -5.9% |
| Amounts payable within one year | 42/48 | €25,095 | €23,609 | -€1,486 | -5.9% |
| Trade debts | 44 | €16,597 | €1,896 | -€14,701 | -88.6% |
| Suppliers | 440/4 | €16,597 | €1,896 | -€14,701 | -88.6% |
| Taxes, remuneration and social security | 45 | €5,235 | €11,160 | +€5,926 | +113% |
| Taxes | 450/3 | €3,935 | €4,560 | +€626 | +15.9% |
| Remuneration and social security | 454/9 | €1,300 | €6,600 | +€5,300 | +408% |
| Other amounts payable | 47/48 | €3,263 | €10,552 | +€7,289 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €1,606 | +€1,247 | +347% |
| Other operating charges | 640/8 | €124 | €271 | +€147 | +119% |
| Gross operating margin | 9900 | €20,037 | €4,770 | -€15,267 | -76.2% |
| Operating profit (loss) | 9901 | €19,554 | €2,894 | -€16,661 | -85.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €134 | +€134 | |
| Recurring financial charges | 65 | - | €134 | +€134 | |
| Profit (loss) for the period before taxes | 9903 | €19,554 | €2,759 | -€16,795 | -85.9% |
| Income taxes | 67/77 | €3,935 | €626 | -€3,309 | -84.1% |
| Profit (loss) for the period | 9904 | €15,620 | €2,134 | -€13,486 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,620 | €2,134 | -€13,486 | -86.3% |
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 27 October 2026 via checked.be.