LU-AN: 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.
LU-AN
Largest movements
- Receivables within one year +€32,403
up €32,403 (+323%), from €10,040 to €42,443
of which Trade receivables: +€35,807
- Tangible fixed assets -€5,605
down €5,605 (-6.5%), from €86,781 to €81,176
of which Plant, machinery and equipment: -€5,537
- Stocks and contracts +€2,857
up €2,857 (+92.9%), from €3,076 to €5,933
- Deferred charges and accrued income +€1,935
new in 2025: €1,935
- Cash +€1,633
up €1,633 (+15.1%), from €10,809 to €12,442
mainly Trade debts (+€33,873) and Depreciation (+€15,396)
- Trade debts +€33,873
up €33,873 (+2,187%), from €1,549 to €35,422
- Debts after one year -€17,391
down €17,391 (-44.0%), from €39,506 to €22,115
- Tax, wage and social debts +€6,840
up €6,840 (+9,257%), from €74 to €6,914
of which Taxes: +€3,893
- Other debts +€4,721
up €4,721 (+525%), from €900 to €5,621
- Contributions +€2,500
up €2,500 (+10.0%), from €25,000 to €27,500
- Gross operating margin +€10,198
up €10,198 (+22.3%), from €45,648 to €55,846
- Other operating charges -€5,541
down €5,541 (-71.9%), from €7,709 to €2,168
- Taxes +€5,108
up €5,108 (+286%), from €1,786 to €6,893
- Depreciation +€3,678
up €3,678 (+31.4%), from €11,718 to €15,396
- Financial charges +€1,683
up €1,683 (+13.8%), from €12,200 to €13,883
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 | €110,706 | €143,929 | +€33,223 | +30.0% |
| Fixed assets | 21/28 | €86,781 | €81,176 | -€5,605 | -6.5% |
| Tangible fixed assets | 22/27 | €86,781 | €81,176 | -€5,605 | -6.5% |
| Land and buildings | 22 | €32,653 | €33,219 | +€565 | +1.7% |
| Plant, machinery and equipment | 23 | €46,918 | €41,381 | -€5,537 | -11.8% |
| Furniture and vehicles | 24 | €982 | €3,886 | +€2,903 | +296% |
| Other tangible fixed assets | 26 | €6,228 | €2,690 | -€3,537 | -56.8% |
| Current assets | 29/58 | €23,924 | €62,753 | +€38,829 | +162% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €3,076 | €5,933 | +€2,857 | +92.9% |
| Stocks | 30/36 | €3,076 | €5,933 | +€2,857 | +92.9% |
| Amounts receivable within one year | 40/41 | €10,040 | €42,443 | +€32,403 | +323% |
| Trade receivables | 40 | €3,987 | €39,794 | +€35,807 | +898% |
| Other amounts receivable | 41 | €6,053 | €2,649 | -€3,404 | -56.2% |
| Cash at bank and in hand | 54/58 | €10,809 | €12,442 | +€1,633 | +15.1% |
| Deferred charges and accrued income | 490/1 | - | €1,935 | +€1,935 | |
| Total equity and liabilities | 10/49 | €110,706 | €143,929 | +€33,223 | +30.0% |
| Equity | 10/15 | €51,480 | €55,904 | +€4,423 | +8.6% |
| Contributions | 10/11 | €25,000 | €27,500 | +€2,500 | +10.0% |
| Reserves | 13 | €26,480 | €28,404 | +€1,923 | +7.3% |
| Distributable reserves | 133 | €26,480 | €28,404 | +€1,923 | +7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,225 | €88,026 | +€28,800 | +48.6% |
| Amounts payable after more than one year | 17 | €39,506 | €22,115 | -€17,391 | -44.0% |
| Financial debts | 170/4 | €39,506 | €22,115 | -€17,391 | -44.0% |
| Amounts payable within one year | 42/48 | €19,719 | €65,911 | +€46,191 | +234% |
| Current portion of amounts payable after more than one year | 42 | €16,967 | €17,954 | +€988 | +5.8% |
| Trade debts | 44 | €1,549 | €35,422 | +€33,873 | +2,187% |
| Suppliers | 440/4 | €1,549 | €35,422 | +€33,873 | +2,187% |
| Advances received on contracts in progress | 46 | €230 | €0 | -€230 | -100% |
| Taxes, remuneration and social security | 45 | €74 | €6,914 | +€6,840 | +9,257% |
| Taxes | 450/3 | €74 | €3,967 | +€3,893 | +5,269% |
| Remuneration and social security | 454/9 | - | €2,946 | +€2,946 | |
| Other amounts payable | 47/48 | €900 | €5,621 | +€4,721 | +525% |
| Non-recurring operating income | 76A | €0 | €2,712 | +€2,712 | |
| Remuneration, social security and pensions | 62 | €4,719 | €3,087 | -€1,631 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,718 | €15,396 | +€3,678 | +31.4% |
| Other operating charges | 640/8 | €7,709 | €2,168 | -€5,541 | -71.9% |
| Gross operating margin | 9900 | €45,648 | €55,846 | +€10,198 | +22.3% |
| Operating profit (loss) | 9901 | €21,503 | €35,195 | +€13,692 | +63.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €12,200 | €13,883 | +€1,683 | +13.8% |
| Recurring financial charges | 65 | €12,200 | €13,883 | +€1,683 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €9,303 | €21,316 | +€12,014 | +129% |
| Income taxes | 67/77 | €1,786 | €6,893 | +€5,108 | +286% |
| Profit (loss) for the period | 9904 | €7,517 | €14,423 | +€6,906 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,517 | €14,423 | +€6,906 | +91.9% |
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 15 October 2026 via checked.be.