LUBENTOR: 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.
LUBENTOR
Largest movements
- Receivables within one year -€50,975
down €50,975 (-20.7%), from €245,944 to €194,969
of which Trade receivables: -€50,382
- Cash +€28,863
up €28,863 (+2.6%), from €1.1m to €1.1m
mainly Net result for the year (+€120,692) and Receivables within one year (+€50,975)
- Reserves +€60,692
up €60,692 (+4.6%), from €1.3m to €1.4m
- Tax, wage and social debts -€33,097
down €33,097 (-70.9%), from €46,688 to €13,591
of which Taxes: -€33,210
- Other debts -€25,380
no longer reported in 2025 (was €25,380)
- Debts after one year -€18,908
down €18,908 (-94.5%), from €20,000 to €1,092
- Gross operating margin -€17,472
down €17,472 (-7.9%), from €221,322 to €203,850
- Financial income +€6,027
up €6,027 (+74.6%), from €8,074 to €14,101
- Taxes -€3,843
down €3,843 (-6.6%), from €58,032 to €54,189
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 | €1,451,832 | €1,426,692 | -€25,139 | -1.7% |
| Fixed assets | 21/28 | €19,960 | €14,958 | -€5,002 | -25.1% |
| Tangible fixed assets | 22/27 | €14,110 | €9,108 | -€5,002 | -35.5% |
| Plant, machinery and equipment | 23 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €14,057 | €9,108 | -€4,950 | -35.2% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €1,431,871 | €1,411,735 | -€20,137 | -1.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €63,366 | +€3,366 | +5.6% |
| Other amounts receivable | 291 | €60,000 | €63,366 | +€3,366 | +5.6% |
| Amounts receivable within one year | 40/41 | €245,944 | €194,969 | -€50,975 | -20.7% |
| Trade receivables | 40 | €110,158 | €59,776 | -€50,382 | -45.7% |
| Other amounts receivable | 41 | €135,787 | €135,193 | -€593 | -0.4% |
| Cash at bank and in hand | 54/58 | €1,112,238 | €1,141,101 | +€28,863 | +2.6% |
| Deferred charges and accrued income | 490/1 | €13,689 | €12,299 | -€1,390 | -10.2% |
| Total equity and liabilities | 10/49 | €1,451,832 | €1,426,692 | -€25,139 | -1.7% |
| Equity | 10/15 | €1,334,830 | €1,395,522 | +€60,692 | +4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,316,280 | €1,376,972 | +€60,692 | +4.6% |
| Distributable reserves | 133 | €1,316,280 | €1,376,972 | +€60,692 | +4.6% |
| Amounts payable | 17/49 | €117,001 | €31,170 | -€85,831 | -73.4% |
| Amounts payable after more than one year | 17 | €20,000 | €1,092 | -€18,908 | -94.5% |
| Financial debts | 170/4 | €20,000 | €1,092 | -€18,908 | -94.5% |
| Amounts payable within one year | 42/48 | €91,430 | €24,506 | -€66,923 | -73.2% |
| Trade debts | 44 | €19,361 | €10,915 | -€8,446 | -43.6% |
| Suppliers | 440/4 | €19,361 | €10,915 | -€8,446 | -43.6% |
| Taxes, remuneration and social security | 45 | €46,688 | €13,591 | -€33,097 | -70.9% |
| Taxes | 450/3 | €42,153 | €8,943 | -€33,210 | -78.8% |
| Remuneration and social security | 454/9 | €4,535 | €4,648 | +€114 | +2.5% |
| Other amounts payable | 47/48 | €25,380 | - | -€25,380 | |
| Accrued charges and deferred income | 492/3 | €5,572 | €5,572 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,788 | €35,934 | -€1,854 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,505 | €5,002 | +€498 | +11.1% |
| Other operating charges | 640/8 | €1,542 | €1,971 | +€429 | +27.8% |
| Gross operating margin | 9900 | €221,322 | €203,850 | -€17,472 | -7.9% |
| Operating profit (loss) | 9901 | €177,488 | €160,942 | -€16,545 | -9.3% |
| Financial income | 75/76B | €8,074 | €14,101 | +€6,027 | +74.6% |
| Recurring financial income | 75 | €8,074 | €14,101 | +€6,027 | +74.6% |
| Financial charges | 65/66B | €1,793 | €162 | -€1,631 | -90.9% |
| Recurring financial charges | 65 | €1,793 | €162 | -€1,631 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €183,768 | €174,881 | -€8,888 | -4.8% |
| Income taxes | 67/77 | €58,032 | €54,189 | -€3,843 | -6.6% |
| Profit (loss) for the period | 9904 | €125,736 | €120,692 | -€5,045 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,736 | €120,692 | -€5,045 | -4.0% |
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 11 October 2026 via checked.be.