LUBAS: 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.
LUBAS
Largest movements
- Tangible fixed assets -€12,034
down €12,034 (-17.1%), from €70,199 to €58,165
of which Furniture and vehicles: -€8,745
- Cash -€2,660
down €2,660 (-23.5%), from €11,329 to €8,669
mainly Investment in fixed assets (net) (-€7,735) and Trade debts (-€7,092)
- Receivables within one year +€2,557
up €2,557 (+37.9%), from €6,744 to €9,300
- Trade debts -€7,092
down €7,092 (-62.7%), from €11,305 to €4,213
- Profit (loss) carried forward -€4,127
down €4,127 (-8.1%), from -€50,808 to -€54,935
- Other debts -€919
down €919 (-0.9%), from €101,892 to €100,973
- Depreciation +€19,769
new in 2025: €19,769
- Gross operating margin +€4,120
up €4,120 (+32.1%), from €12,820 to €16,940
- Financial charges -€210
down €210 (-58.3%), from €360 to €150
- Other operating charges -€202
down €202 (-15.0%), from €1,350 to €1,148
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 | €88,272 | €76,134 | -€12,138 | -13.8% |
| Fixed assets | 21/28 | €70,199 | €58,165 | -€12,034 | -17.1% |
| Tangible fixed assets | 22/27 | €70,199 | €58,165 | -€12,034 | -17.1% |
| Plant, machinery and equipment | 23 | €14,050 | €10,761 | -€3,289 | -23.4% |
| Furniture and vehicles | 24 | €48,935 | €40,190 | -€8,745 | -17.9% |
| Other tangible fixed assets | 26 | €7,214 | €7,214 | = | 0.0% |
| Current assets | 29/58 | €18,073 | €17,969 | -€104 | -0.6% |
| Amounts receivable within one year | 40/41 | €6,744 | €9,300 | +€2,557 | +37.9% |
| Trade receivables | 40 | €6,744 | €9,300 | +€2,557 | +37.9% |
| Cash at bank and in hand | 54/58 | €11,329 | €8,669 | -€2,660 | -23.5% |
| Total equity and liabilities | 10/49 | €88,272 | €76,134 | -€12,138 | -13.8% |
| Equity | 10/15 | -€24,925 | -€29,052 | -€4,127 | -16.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,883 | €20,883 | = | 0.0% |
| Distributable reserves | 133 | €20,883 | €20,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,808 | -€54,935 | -€4,127 | -8.1% |
| Amounts payable | 17/49 | €113,197 | €105,186 | -€8,011 | -7.1% |
| Amounts payable within one year | 42/48 | €113,197 | €105,186 | -€8,011 | -7.1% |
| Trade debts | 44 | €11,305 | €4,213 | -€7,092 | -62.7% |
| Suppliers | 440/4 | €11,305 | €4,213 | -€7,092 | -62.7% |
| Other amounts payable | 47/48 | €101,892 | €100,973 | -€919 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,769 | +€19,769 | |
| Other operating charges | 640/8 | €1,350 | €1,148 | -€202 | -15.0% |
| Gross operating margin | 9900 | €12,820 | €16,940 | +€4,120 | +32.1% |
| Operating profit (loss) | 9901 | €11,470 | -€3,977 | -€15,446 | |
| Financial charges | 65/66B | €360 | €150 | -€210 | -58.3% |
| Recurring financial charges | 65 | €360 | €150 | -€210 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €11,109 | -€4,127 | -€15,236 | |
| Profit (loss) for the period | 9904 | €11,109 | -€4,127 | -€15,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,109 | -€4,127 | -€15,236 |
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 17 October 2026 via checked.be.