LUBA DEV: 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.
LUBA DEV
Largest movements
- Tangible fixed assets -€5,931
down €5,931 (-44.4%), from €13,345 to €7,414
- Cash -€1,176
down €1,176 (-55.0%), from €2,140 to €964
mainly Other debts (-€4,972) and Net result for the year (-€3,753)
- Receivables within one year +€333
up €333 (+25.0%), from €1,331 to €1,664
- Deferred charges and accrued income +€240
up €240 (+12.9%), from €1,868 to €2,109
- Other debts -€4,972
down €4,972 (-13.3%), from €37,493 to €32,521
- Profit (loss) carried forward -€3,753
down €3,753 (-19.4%), from -€19,382 to -€23,135
- Trade debts +€2,268
new in 2025: €2,268
- Gross operating margin +€2,217
up €2,217 (+238.3%), from €930 to €3,147
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 | €18,684 | €12,150 | -€6,534 | -35.0% |
| Fixed assets | 21/28 | €13,345 | €7,414 | -€5,931 | -44.4% |
| Tangible fixed assets | 22/27 | €13,345 | €7,414 | -€5,931 | -44.4% |
| Furniture and vehicles | 24 | €13,345 | €7,414 | -€5,931 | -44.4% |
| Current assets | 29/58 | €5,339 | €4,736 | -€603 | -11.3% |
| Amounts receivable within one year | 40/41 | €1,331 | €1,664 | +€333 | +25.0% |
| Trade receivables | 40 | €1,331 | €1,664 | +€333 | +25.0% |
| Cash at bank and in hand | 54/58 | €2,140 | €964 | -€1,176 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,868 | €2,109 | +€240 | +12.9% |
| Total equity and liabilities | 10/49 | €18,684 | €12,150 | -€6,534 | -35.0% |
| Equity | 10/15 | -€19,382 | -€23,135 | -€3,753 | -19.4% |
| Profit (loss) carried forward | 14 | -€19,382 | -€23,135 | -€3,753 | -19.4% |
| Amounts payable | 17/49 | €38,067 | €35,285 | -€2,781 | -7.3% |
| Amounts payable within one year | 42/48 | €38,067 | €35,285 | -€2,781 | -7.3% |
| Trade debts | 44 | - | €2,268 | +€2,268 | |
| Suppliers | 440/4 | - | €2,268 | +€2,268 | |
| Taxes, remuneration and social security | 45 | €574 | €496 | -€78 | -13.5% |
| Taxes | 450/3 | €574 | €496 | -€78 | -13.5% |
| Other amounts payable | 47/48 | €37,493 | €32,521 | -€4,972 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,931 | €5,931 | = | 0.0% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €930 | €3,147 | +€2,217 | +238.3% |
| Operating profit (loss) | 9901 | -€5,565 | -€3,366 | +€2,199 | +39.5% |
| Financial charges | 65/66B | €142 | €121 | -€21 | -14.9% |
| Recurring financial charges | 65 | €142 | €121 | -€21 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,707 | -€3,487 | +€2,220 | +38.9% |
| Income taxes | 67/77 | €272 | €266 | -€6 | -2.3% |
| Profit (loss) for the period | 9904 | -€5,979 | -€3,753 | +€2,226 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,979 | -€3,753 | +€2,226 | +37.2% |
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 7 October 2026 via checked.be.