LUAN COSI: 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.
LUAN COSI
Largest movements
- Receivables within one year -€28,165
down €28,165 (-22.0%), from €127,983 to €99,819
of which Trade receivables: -€27,042
- Cash +€20,885
up €20,885 (+142%), from €14,759 to €35,644
mainly Other debts (+€91,132) and Depreciation (+€40,422)
- Tangible fixed assets -€8,647
down €8,647 (-2.9%), from €297,119 to €288,472
of which Furniture and vehicles: -€10,309
- Current investments +€6,150
up €6,150 (+15.9%), from €38,702 to €44,852
- Other debts +€91,132
up €91,132 (+1,768%), from €5,156 to €96,287
- Reserves -€81,800
down €81,800 (-31.4%), from €260,285 to €178,485
of which Distributable reserves: -€81,800
- Debts after one year -€11,687
down €11,687 (-28.0%), from €41,740 to €30,052
- Accrued charges and deferred income -€6,851
down €6,851 (-100%), from €6,851 to €0
- Gross operating margin -€8,663
down €8,663 (-10.5%), from €82,578 to €73,915
- Taxes -€2,873
down €2,873 (-29.5%), from €9,739 to €6,866
- Other operating charges +€1,845
up €1,845 (+54.6%), from €3,379 to €5,225
- Depreciation +€1,824
up €1,824 (+4.7%), from €38,598 to €40,422
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 | €512,480 | €502,103 | -€10,377 | -2.0% |
| Fixed assets | 21/28 | €327,119 | €318,472 | -€8,647 | -2.6% |
| Tangible fixed assets | 22/27 | €297,119 | €288,472 | -€8,647 | -2.9% |
| Land and buildings | 22 | €231,682 | €235,800 | +€4,118 | +1.8% |
| Plant, machinery and equipment | 23 | €3,004 | €1,620 | -€1,385 | -46.1% |
| Furniture and vehicles | 24 | €48,152 | €37,843 | -€10,309 | -21.4% |
| Other tangible fixed assets | 26 | €14,282 | €13,210 | -€1,072 | -7.5% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €185,360 | €183,631 | -€1,729 | -0.9% |
| Stocks and contracts in progress | 3 | €3,316 | €3,316 | = | 0.0% |
| Stocks | 30/36 | €3,316 | €3,316 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,983 | €99,819 | -€28,165 | -22.0% |
| Trade receivables | 40 | €56,671 | €29,629 | -€27,042 | -47.7% |
| Other amounts receivable | 41 | €71,312 | €70,190 | -€1,122 | -1.6% |
| Current investments | 50/53 | €38,702 | €44,852 | +€6,150 | +15.9% |
| Cash at bank and in hand | 54/58 | €14,759 | €35,644 | +€20,885 | +142% |
| Deferred charges and accrued income | 490/1 | €600 | €0 | -€600 | -100% |
| Total equity and liabilities | 10/49 | €512,480 | €502,103 | -€10,377 | -2.0% |
| Equity | 10/15 | €280,517 | €198,760 | -€81,756 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,285 | €178,485 | -€81,800 | -31.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €260,285 | €178,485 | -€81,800 | -31.4% |
| Profit (loss) carried forward | 14 | €1,632 | €1,675 | +€44 | +2.7% |
| Provisions and deferred taxes | 16 | €136,751 | €135,361 | -€1,390 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €136,751 | €135,361 | -€1,390 | -1.0% |
| Other liabilities and charges | 164/5 | €136,751 | €135,361 | -€1,390 | -1.0% |
| Amounts payable | 17/49 | €95,212 | €167,982 | +€72,769 | +76.4% |
| Amounts payable after more than one year | 17 | €41,740 | €30,052 | -€11,687 | -28.0% |
| Financial debts | 170/4 | €41,740 | €30,052 | -€11,687 | -28.0% |
| Amounts payable within one year | 42/48 | €46,622 | €137,930 | +€91,308 | +196% |
| Current portion of amounts payable after more than one year | 42 | €32,636 | €32,422 | -€213 | -0.7% |
| Trade debts | 44 | €5,009 | €2,458 | -€2,551 | -50.9% |
| Suppliers | 440/4 | €5,009 | €2,458 | -€2,551 | -50.9% |
| Taxes, remuneration and social security | 45 | €3,822 | €6,762 | +€2,940 | +76.9% |
| Taxes | 450/3 | €3,822 | €6,762 | +€2,940 | +76.9% |
| Other amounts payable | 47/48 | €5,156 | €96,287 | +€91,132 | +1,768% |
| Accrued charges and deferred income | 492/3 | €6,851 | €0 | -€6,851 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,598 | €40,422 | +€1,824 | +4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,283 | -€1,390 | -€107 | -8.3% |
| Other operating charges | 640/8 | €3,379 | €5,225 | +€1,845 | +54.6% |
| Gross operating margin | 9900 | €82,578 | €73,915 | -€8,663 | -10.5% |
| Operating profit (loss) | 9901 | €41,884 | €29,659 | -€12,225 | -29.2% |
| Financial income | 75/76B | €4,250 | €3,688 | -€562 | -13.2% |
| Recurring financial income | 75 | €4,250 | €3,688 | -€562 | -13.2% |
| Financial charges | 65/66B | €14,958 | €14,236 | -€722 | -4.8% |
| Recurring financial charges | 65 | €14,958 | €14,236 | -€722 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €31,176 | €19,110 | -€12,065 | -38.7% |
| Income taxes | 67/77 | €9,739 | €6,866 | -€2,873 | -29.5% |
| Profit (loss) for the period | 9904 | €21,437 | €12,244 | -€9,193 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,437 | €12,244 | -€9,193 | -42.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.