LU JUN: 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 JUN
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€80,060
down €80,060 (-42.4%), from €188,994 to €108,934
mainly Current investments (-€200,000) and Tax, wage and social debts (-€26,166)
- Tangible fixed assets -€41,978
down €41,978 (-19.3%), from €217,553 to €175,576
of which Furniture and vehicles: -€26,165
- Reserves +€141,306
up €141,306 (+65.1%), from €217,137 to €358,443
- Tax, wage and social debts -€26,166
down €26,166 (-35.0%), from €74,753 to €48,587
of which Taxes: -€35,935
- Debts after one year -€18,150
down €18,150 (-25.9%), from €70,021 to €51,870
- Other debts -€10,737
down €10,737 (-31.6%), from €34,015 to €23,278
- Trade debts -€8,727
down €8,727 (-51.7%), from €16,893 to €8,166
- Gross operating margin +€64,594
up €64,594 (+19.4%), from €332,273 to €396,867
- Taxes +€16,454
up €16,454 (+65.8%), from €25,017 to €41,471
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 | €455,735 | €526,408 | +€70,674 | +15.5% |
| Fixed assets | 21/28 | €255,882 | €208,904 | -€46,978 | -18.4% |
| Intangible fixed assets | 21 | €38,329 | €33,329 | -€5,000 | -13.0% |
| Tangible fixed assets | 22/27 | €217,553 | €175,576 | -€41,978 | -19.3% |
| Land and buildings | 22 | €85,368 | €73,978 | -€11,390 | -13.3% |
| Plant, machinery and equipment | 23 | €23,350 | €18,927 | -€4,423 | -18.9% |
| Furniture and vehicles | 24 | €108,836 | €82,671 | -€26,165 | -24.0% |
| Current assets | 29/58 | €199,853 | €317,504 | +€117,651 | +58.9% |
| Stocks and contracts in progress | 3 | €1,215 | €1,033 | -€183 | -15.0% |
| Stocks | 30/36 | €1,215 | €1,033 | -€183 | -15.0% |
| Amounts receivable within one year | 40/41 | €1,045 | €3,687 | +€2,642 | +252.9% |
| Other amounts receivable | 41 | €1,045 | €3,687 | +€2,642 | +252.9% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €188,994 | €108,934 | -€80,060 | -42.4% |
| Deferred charges and accrued income | 490/1 | €8,599 | €3,850 | -€4,749 | -55.2% |
| Total equity and liabilities | 10/49 | €455,735 | €526,408 | +€70,674 | +15.5% |
| Equity | 10/15 | €227,137 | €368,443 | +€141,306 | +62.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €217,137 | €358,443 | +€141,306 | +65.1% |
| Distributable reserves | 133 | €217,137 | €358,443 | +€141,306 | +65.1% |
| Amounts payable | 17/49 | €228,598 | €157,966 | -€70,633 | -30.9% |
| Amounts payable after more than one year | 17 | €70,021 | €51,870 | -€18,150 | -25.9% |
| Financial debts | 170/4 | €70,021 | €51,870 | -€18,150 | -25.9% |
| Amounts payable within one year | 42/48 | €158,577 | €106,095 | -€52,482 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €32,917 | €26,065 | -€6,852 | -20.8% |
| Trade debts | 44 | €16,893 | €8,166 | -€8,727 | -51.7% |
| Suppliers | 440/4 | €16,893 | €8,166 | -€8,727 | -51.7% |
| Taxes, remuneration and social security | 45 | €74,753 | €48,587 | -€26,166 | -35.0% |
| Taxes | 450/3 | €65,731 | €29,795 | -€35,935 | -54.7% |
| Remuneration and social security | 454/9 | €9,022 | €18,791 | +€9,769 | +108.3% |
| Other amounts payable | 47/48 | €34,015 | €23,278 | -€10,737 | -31.6% |
| Remuneration, social security and pensions | 62 | €147,101 | €146,434 | -€667 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,258 | €56,289 | +€31 | +0.1% |
| Other operating charges | 640/8 | €7,793 | €8,257 | +€464 | +6.0% |
| Gross operating margin | 9900 | €332,273 | €396,867 | +€64,594 | +19.4% |
| Operating profit (loss) | 9901 | €121,121 | €185,887 | +€64,766 | +53.5% |
| Financial income | 75/76B | €1,215 | €1,191 | -€24 | -2.0% |
| Recurring financial income | 75 | €1,215 | €1,191 | -€24 | -2.0% |
| Financial charges | 65/66B | €5,213 | €4,301 | -€912 | -17.5% |
| Recurring financial charges | 65 | €5,213 | €4,301 | -€912 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €117,124 | €182,777 | +€65,654 | +56.1% |
| Income taxes | 67/77 | €25,017 | €41,471 | +€16,454 | +65.8% |
| Profit (loss) for the period | 9904 | €92,107 | €141,306 | +€49,200 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,107 | €141,306 | +€49,200 | +53.4% |
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 10 October 2026 via checked.be.