LUBETENI: 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.
LUBETENI
Largest movements
- Receivables within one year -€21,475
down €21,475 (-29.1%), from €73,828 to €52,353
of which Trade receivables: -€18,661
- Cash +€20,961
up €20,961 (+36.3%), from €57,773 to €78,734
mainly Receivables within one year (+€21,475) and Net result for the year (+€16,572)
- Stocks and contracts +€3,449
up €3,449 (+139.1%), from €2,480 to €5,929
- Profit (loss) carried forward +€16,572
up €16,572 (+19.8%), from €83,653 to €100,224
- Trade debts -€11,821
down €11,821 (-83.1%), from €14,218 to €2,396
- Tax, wage and social debts -€10,680
down €10,680 (-30.9%), from €34,614 to €23,934
of which Taxes: -€14,084
- Other debts +€8,000
new in 2025: €8,000
- Other operating charges -€5,424
down €5,424 (-7.9%), from €68,353 to €62,929
- Taxes -€4,631
down €4,631 (-36.9%), from €12,549 to €7,918
- Staff costs +€4,532
new in 2025: €4,532
- Gross operating margin +€3,818
up €3,818 (+4.1%), from €93,031 to €96,850
- Financial charges +€3,781
up €3,781 (+1468.8%), from €257 to €4,039
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 | €135,445 | €137,516 | +€2,071 | +1.5% |
| Fixed assets | 21/28 | €1,364 | €500 | -€864 | -63.3% |
| Tangible fixed assets | 22/27 | €864 | - | -€864 | |
| Plant, machinery and equipment | 23 | €587 | - | -€587 | |
| Furniture and vehicles | 24 | €277 | - | -€277 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €134,081 | €137,016 | +€2,934 | +2.2% |
| Stocks and contracts in progress | 3 | €2,480 | €5,929 | +€3,449 | +139.1% |
| Stocks | 30/36 | €2,480 | €5,929 | +€3,449 | +139.1% |
| Amounts receivable within one year | 40/41 | €73,828 | €52,353 | -€21,475 | -29.1% |
| Trade receivables | 40 | €18,661 | - | -€18,661 | |
| Other amounts receivable | 41 | €55,167 | €52,353 | -€2,814 | -5.1% |
| Cash at bank and in hand | 54/58 | €57,773 | €78,734 | +€20,961 | +36.3% |
| Total equity and liabilities | 10/49 | €135,445 | €137,516 | +€2,071 | +1.5% |
| Equity | 10/15 | €86,614 | €103,185 | +€16,572 | +19.1% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €2,661 | €2,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,661 | €2,661 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,661 | €2,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,653 | €100,224 | +€16,572 | +19.8% |
| Amounts payable | 17/49 | €48,832 | €34,330 | -€14,501 | -29.7% |
| Amounts payable within one year | 42/48 | €48,832 | €34,330 | -€14,501 | -29.7% |
| Trade debts | 44 | €14,218 | €2,396 | -€11,821 | -83.1% |
| Suppliers | 440/4 | €14,218 | €2,396 | -€11,821 | -83.1% |
| Taxes, remuneration and social security | 45 | €34,614 | €23,934 | -€10,680 | -30.9% |
| Taxes | 450/3 | €34,614 | €20,530 | -€14,084 | -40.7% |
| Remuneration and social security | 454/9 | - | €3,404 | +€3,404 | |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | - | €4,532 | +€4,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €864 | -€213 | -19.8% |
| Other operating charges | 640/8 | €68,353 | €62,929 | -€5,424 | -7.9% |
| Gross operating margin | 9900 | €93,031 | €96,850 | +€3,818 | +4.1% |
| Operating profit (loss) | 9901 | €23,601 | €28,525 | +€4,924 | +20.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €257 | €4,039 | +€3,781 | +1468.8% |
| Recurring financial charges | 65 | €257 | €4,039 | +€3,781 | +1468.8% |
| Profit (loss) for the period before taxes | 9903 | €23,343 | €24,490 | +€1,146 | +4.9% |
| Income taxes | 67/77 | €12,549 | €7,918 | -€4,631 | -36.9% |
| Profit (loss) for the period | 9904 | €10,794 | €16,572 | +€5,777 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,794 | €16,572 | +€5,777 | +53.5% |
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 6 October 2026 via checked.be.