L & LUI: 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.
L & LUI
Largest movements
- Cash -€18,267
down €18,267 (-57.7%), from €31,649 to €13,382
mainly Stocks and contracts (-€9,578) and Net result for the year (-€6,606)
- Stocks and contracts +€9,578
up €9,578 (+9.2%), from €104,164 to €113,742
- Tangible fixed assets -€9,280
down €9,280 (-29.7%), from €31,264 to €21,984
- Profit (loss) carried forward -€6,606
down €6,606 (-7.1%), from €93,073 to €86,467
- Tax, wage and social debts -€5,776
down €5,776 (-43.0%), from €13,425 to €7,649
of which Remuneration and social security: -€3,641
- Debts after one year -€4,515
down €4,515 (-56.2%), from €8,031 to €3,516
- Other debts +€2,435
up €2,435 (+41.8%), from €5,821 to €8,256
- Current portion of long-term debt -€2,244
down €2,244 (-11.2%), from €20,091 to €17,847
- Gross operating margin -€11,257
down €11,257 (-15.2%), from €73,842 to €62,585
- Staff costs +€7,966
up €7,966 (+15.0%), from €53,034 to €61,000
- Depreciation -€5,871
down €5,871 (-38.7%), from €15,151 to €9,280
- Other operating charges +€2,890
up €2,890 (+79.2%), from €3,650 to €6,540
- Financial income -€1,062
down €1,062 (-10.3%), from €10,269 to €9,207
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 | €169,362 | €150,977 | -€18,385 | -10.9% |
| Fixed assets | 21/28 | €31,549 | €22,269 | -€9,280 | -29.4% |
| Tangible fixed assets | 22/27 | €31,264 | €21,984 | -€9,280 | -29.7% |
| Land and buildings | 22 | €13,167 | €9,859 | -€3,308 | -25.1% |
| Plant, machinery and equipment | 23 | €1,752 | €222 | -€1,530 | -87.3% |
| Furniture and vehicles | 24 | €16,345 | €11,903 | -€4,442 | -27.2% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €137,813 | €128,708 | -€9,105 | -6.6% |
| Stocks and contracts in progress | 3 | €104,164 | €113,742 | +€9,578 | +9.2% |
| Stocks | 30/36 | €104,164 | €113,742 | +€9,578 | +9.2% |
| Cash at bank and in hand | 54/58 | €31,649 | €13,382 | -€18,267 | -57.7% |
| Deferred charges and accrued income | 490/1 | €2,000 | €1,584 | -€416 | -20.8% |
| Total equity and liabilities | 10/49 | €169,362 | €150,977 | -€18,385 | -10.9% |
| Equity | 10/15 | €115,073 | €108,467 | -€6,606 | -5.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,073 | €86,467 | -€6,606 | -7.1% |
| Amounts payable | 17/49 | €54,289 | €42,510 | -€11,779 | -21.7% |
| Amounts payable after more than one year | 17 | €8,031 | €3,516 | -€4,515 | -56.2% |
| Financial debts | 170/4 | €8,031 | €3,516 | -€4,515 | -56.2% |
| Amounts payable within one year | 42/48 | €46,258 | €38,994 | -€7,264 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €20,091 | €17,847 | -€2,244 | -11.2% |
| Trade debts | 44 | €6,921 | €5,242 | -€1,679 | -24.3% |
| Suppliers | 440/4 | €6,921 | €5,242 | -€1,679 | -24.3% |
| Taxes, remuneration and social security | 45 | €13,425 | €7,649 | -€5,776 | -43.0% |
| Taxes | 450/3 | €9,784 | €7,649 | -€2,135 | -21.8% |
| Remuneration and social security | 454/9 | €3,641 | - | -€3,641 | |
| Other amounts payable | 47/48 | €5,821 | €8,256 | +€2,435 | +41.8% |
| Remuneration, social security and pensions | 62 | €53,034 | €61,000 | +€7,966 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,151 | €9,280 | -€5,871 | -38.7% |
| Other operating charges | 640/8 | €3,650 | €6,540 | +€2,890 | +79.2% |
| Gross operating margin | 9900 | €73,842 | €62,585 | -€11,257 | -15.2% |
| Operating profit (loss) | 9901 | €2,007 | -€14,235 | -€16,242 | |
| Financial income | 75/76B | €10,269 | €9,207 | -€1,062 | -10.3% |
| Recurring financial income | 75 | €10,269 | €9,207 | -€1,062 | -10.3% |
| Financial charges | 65/66B | €1,698 | €1,427 | -€271 | -16.0% |
| Recurring financial charges | 65 | €1,698 | €1,427 | -€271 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €10,578 | -€6,455 | -€17,033 | |
| Income taxes | 67/77 | €162 | €151 | -€11 | -6.8% |
| Profit (loss) for the period | 9904 | €10,416 | -€6,606 | -€17,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,416 | -€6,606 | -€17,022 |
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 13 October 2026 via checked.be.