LALUZ: 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.
LALUZ
Largest movements
- Cash +€5,060
up €5,060 (+5.6%), from €90,399 to €95,460
mainly Net result for the year (+€4,116) and Receivables within one year (+€2,094)
- Receivables within one year -€2,094
down €2,094 (-7.6%), from €27,424 to €25,330
of which Other amounts receivable: -€4,517
- Deferred charges and accrued income +€1,352
new in 2025: €1,352
- Reserves +€4,116
up €4,116 (+8.2%), from €50,360 to €54,476
of which Distributable reserves: +€5,976
- Tax, wage and social debts -€1,382
down €1,382 (-37.4%), from €3,697 to €2,315
- Gross operating margin +€9,017
up €9,017, from -€63 to €8,954
- Taxes +€2,591
up €2,591 (+529%), from €489 to €3,081
- Other operating charges +€511
up €511 (+600%), from €85 to €596
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 | €120,650 | €123,998 | +€3,348 | +2.8% |
| Fixed assets | 21/28 | €2,826 | €1,856 | -€971 | -34.3% |
| Tangible fixed assets | 22/27 | €2,826 | €1,856 | -€971 | -34.3% |
| Furniture and vehicles | 24 | €2,826 | €1,856 | -€971 | -34.3% |
| Current assets | 29/58 | €117,823 | €122,142 | +€4,319 | +3.7% |
| Amounts receivable within one year | 40/41 | €27,424 | €25,330 | -€2,094 | -7.6% |
| Trade receivables | 40 | €4,459 | €6,882 | +€2,423 | +54.3% |
| Other amounts receivable | 41 | €22,965 | €18,448 | -€4,517 | -19.7% |
| Cash at bank and in hand | 54/58 | €90,399 | €95,460 | +€5,060 | +5.6% |
| Deferred charges and accrued income | 490/1 | - | €1,352 | +€1,352 | |
| Total equity and liabilities | 10/49 | €120,650 | €123,998 | +€3,348 | +2.8% |
| Equity | 10/15 | €115,866 | €119,981 | +€4,116 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €50,360 | €54,476 | +€4,116 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €48,500 | €54,476 | +€5,976 | +12.3% |
| Profit (loss) carried forward | 14 | €59,306 | €59,306 | = | 0.0% |
| Amounts payable | 17/49 | €4,784 | €4,017 | -€767 | -16.0% |
| Amounts payable within one year | 42/48 | €4,784 | €4,017 | -€767 | -16.0% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €1,087 | €1,701 | +€614 | +56.5% |
| Suppliers | 440/4 | €1,087 | €1,701 | +€614 | +56.5% |
| Taxes, remuneration and social security | 45 | €3,697 | €2,315 | -€1,382 | -37.4% |
| Taxes | 450/3 | €3,697 | €2,315 | -€1,382 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €971 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €596 | +€511 | +600% |
| Gross operating margin | 9900 | -€63 | €8,954 | +€9,017 | |
| Operating profit (loss) | 9901 | -€1,119 | €7,387 | +€8,506 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -97.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -97.4% |
| Financial charges | 65/66B | €161 | €191 | +€29 | +18.3% |
| Recurring financial charges | 65 | €161 | €191 | +€29 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,278 | €7,197 | +€8,475 | |
| Income taxes | 67/77 | €489 | €3,081 | +€2,591 | +529% |
| Profit (loss) for the period | 9904 | -€1,768 | €4,116 | +€5,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,768 | €4,116 | +€5,883 |
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 20 October 2026 via checked.be.