LA LUZERNE: 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.
LA LUZERNE
Largest movements
- Tangible fixed assets -€6,773
down €6,773 (-4.9%), from €139,436 to €132,663
- Debts after one year -€24,403
down €24,403 (-15.9%), from €153,344 to €128,942
- Profit (loss) carried forward +€13,490
up €13,490 (+12.1%), from -€111,030 to -€97,540
- Tax, wage and social debts +€4,911
new in 2025: €4,911
- Taxes +€4,911
new in 2025: €4,911
- Gross operating margin +€2,724
up €2,724 (+9.5%), from €28,551 to €31,275
- Depreciation -€2,590
down €2,590 (-27.7%), from €9,363 to €6,773
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 | €149,250 | €142,120 | -€7,130 | -4.8% |
| Fixed assets | 21/28 | €140,663 | €133,890 | -€6,773 | -4.8% |
| Tangible fixed assets | 22/27 | €139,436 | €132,663 | -€6,773 | -4.9% |
| Land and buildings | 22 | €139,436 | €132,663 | -€6,773 | -4.9% |
| Financial fixed assets | 28 | €1,227 | €1,227 | = | 0.0% |
| Current assets | 29/58 | €8,587 | €8,230 | -€357 | -4.2% |
| Cash at bank and in hand | 54/58 | €7,944 | €7,521 | -€423 | -5.3% |
| Deferred charges and accrued income | 490/1 | €643 | €708 | +€66 | +10.2% |
| Total equity and liabilities | 10/49 | €149,250 | €142,120 | -€7,130 | -4.8% |
| Equity | 10/15 | -€92,430 | -€78,940 | +€13,490 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€111,030 | -€97,540 | +€13,490 | +12.1% |
| Amounts payable | 17/49 | €241,680 | €221,060 | -€20,620 | -8.5% |
| Amounts payable after more than one year | 17 | €153,344 | €128,942 | -€24,403 | -15.9% |
| Financial debts | 170/4 | €153,344 | €128,942 | -€24,403 | -15.9% |
| Amounts payable within one year | 42/48 | €85,336 | €89,118 | +€3,782 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €24,096 | €24,403 | +€307 | +1.3% |
| Trade debts | 44 | €3,740 | €2,305 | -€1,435 | -38.4% |
| Suppliers | 440/4 | €3,740 | €2,305 | -€1,435 | -38.4% |
| Taxes, remuneration and social security | 45 | - | €4,911 | +€4,911 | |
| Taxes | 450/3 | - | €4,911 | +€4,911 | |
| Other amounts payable | 47/48 | €57,500 | €57,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | €406 | €0 | -€406 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,363 | €6,773 | -€2,590 | -27.7% |
| Other operating charges | 640/8 | €3,445 | €3,554 | +€109 | +3.2% |
| Gross operating margin | 9900 | €28,551 | €31,275 | +€2,724 | +9.5% |
| Operating profit (loss) | 9901 | €15,743 | €20,948 | +€5,206 | +33.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,818 | €2,548 | -€270 | -9.6% |
| Recurring financial charges | 65 | €2,818 | €2,548 | -€270 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €12,925 | €18,401 | +€5,476 | +42.4% |
| Income taxes | 67/77 | - | €4,911 | +€4,911 | |
| Profit (loss) for the period | 9904 | €12,925 | €13,490 | +€565 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,925 | €13,490 | +€565 | +4.4% |
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 6 October 2026 via checked.be.