B-LUGUS: what changed
Two fiscal 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.
B-LUGUS
Largest movements
- Receivables within one year -€3,415
down €3,415 (-92.8%), from €3,680 to €264
of which Trade receivables: -€2,420
- Tangible fixed assets -€2,517
down €2,517 (-63.8%), from €3,945 to €1,428
- Cash -€690
down €690 (-5.7%), from €12,168 to €11,479
mainly Net result for the year (-€4,421) and Trade debts (-€3,486)
- Profit (loss) carried forward -€4,421
down €4,421 (-22.7%), from -€19,473 to -€23,894
- Trade debts -€3,486
down €3,486 (-68.2%), from €5,112 to €1,626
- Other debts +€1,341
up €1,341 (+14.2%), from €9,443 to €10,784
- Gross operating margin +€3,782
up €3,782 (+76.0%), from -€4,977 to -€1,195
- Other operating charges +€276
up €276 (+71.8%), from €384 to €660
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.
Cash bridge derived
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 | €19,793 | €13,171 | -€6,622 | -33.5% |
| Fixed assets | 21/28 | €3,945 | €1,428 | -€2,517 | -63.8% |
| Tangible fixed assets | 22/27 | €3,945 | €1,428 | -€2,517 | -63.8% |
| Furniture and vehicles | 24 | €3,945 | €1,428 | -€2,517 | -63.8% |
| Current assets | 29/58 | €15,848 | €11,743 | -€4,105 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,680 | €264 | -€3,415 | -92.8% |
| Trade receivables | 40 | €2,420 | - | -€2,420 | |
| Other amounts receivable | 41 | €1,260 | €264 | -€995 | -79.0% |
| Cash at bank and in hand | 54/58 | €12,168 | €11,479 | -€690 | -5.7% |
| Total equity and liabilities | 10/49 | €19,793 | €13,171 | -€6,622 | -33.5% |
| Equity | 10/15 | €5,182 | €761 | -€4,421 | -85.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,655 | €19,655 | = | 0.0% |
| Distributable reserves | 133 | €19,655 | €19,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,473 | -€23,894 | -€4,421 | -22.7% |
| Amounts payable | 17/49 | €14,611 | €12,410 | -€2,201 | -15.1% |
| Amounts payable within one year | 42/48 | €14,611 | €12,410 | -€2,201 | -15.1% |
| Trade debts | 44 | €5,112 | €1,626 | -€3,486 | -68.2% |
| Suppliers | 440/4 | €5,112 | €1,626 | -€3,486 | -68.2% |
| Taxes, remuneration and social security | 45 | €56 | - | -€56 | |
| Taxes | 450/3 | €56 | - | -€56 | |
| Other amounts payable | 47/48 | €9,443 | €10,784 | +€1,341 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,517 | €2,517 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €660 | +€276 | +71.8% |
| Gross operating margin | 9900 | -€4,977 | -€1,195 | +€3,782 | +76.0% |
| Operating profit (loss) | 9901 | -€7,878 | -€4,371 | +€3,506 | +44.5% |
| Financial charges | 65/66B | €23 | €50 | +€27 | +120.0% |
| Recurring financial charges | 65 | €23 | €50 | +€27 | +120.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,900 | -€4,421 | +€3,479 | +44.0% |
| Profit (loss) for the period | 9904 | -€7,900 | -€4,421 | +€3,479 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,900 | -€4,421 | +€3,479 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.