Lubineau: 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.
Lubineau
Largest movements
- Cash -€763,518
down €763,518 (-96.6%), from €790,611 to €27,093
mainly Investment in fixed assets (net) (-€759,016) and Debts after one year (-€75,412)
- Tangible fixed assets +€710,110
up €710,110 (+64.8%), from €1.1m to €1.8m
of which Land and buildings: +€703,065
- Stocks and contracts -€24,500
down €24,500 (-39.6%), from €61,800 to €37,300
- Debts after one year -€75,412
down €75,412 (-11.9%), from €631,992 to €556,580
of which Financial debts: -€75,412
- Other operating charges +€8,845
up €8,845 (+105%), from €8,458 to €17,303
- Gross operating margin +€7,415
up €7,415 (+15.8%), from €46,887 to €54,302
- Depreciation +€4,349
up €4,349 (+9.8%), from €44,557 to €48,906
- Financial charges -€2,362
down €2,362 (-12.6%), from €18,706 to €16,344
- Financial income -€2,010
down €2,010 (-28.6%), from €7,039 to €5,029
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 | €2,017,253 | €1,940,809 | -€76,444 | -3.8% |
| Fixed assets | 21/28 | €1,131,824 | €1,841,933 | +€710,110 | +62.7% |
| Intangible fixed assets | 21 | €35,407 | €35,407 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,096,417 | €1,806,527 | +€710,110 | +64.8% |
| Land and buildings | 22 | €1,093,522 | €1,796,587 | +€703,065 | +64.3% |
| Plant, machinery and equipment | 23 | €2,895 | €4,972 | +€2,077 | +71.7% |
| Furniture and vehicles | 24 | - | €4,967 | +€4,967 | |
| Current assets | 29/58 | €885,429 | €98,876 | -€786,554 | -88.8% |
| Stocks and contracts in progress | 3 | €61,800 | €37,300 | -€24,500 | -39.6% |
| Stocks | 30/36 | €61,800 | €37,300 | -€24,500 | -39.6% |
| Amounts receivable within one year | 40/41 | €27,569 | €29,846 | +€2,277 | +8.3% |
| Trade receivables | 40 | €23,464 | €28,325 | +€4,861 | +20.7% |
| Other amounts receivable | 41 | €4,106 | €1,521 | -€2,585 | -63.0% |
| Cash at bank and in hand | 54/58 | €790,611 | €27,093 | -€763,518 | -96.6% |
| Deferred charges and accrued income | 490/1 | €5,449 | €4,637 | -€812 | -14.9% |
| Total equity and liabilities | 10/49 | €2,017,253 | €1,940,809 | -€76,444 | -3.8% |
| Equity | 10/15 | €1,255,851 | €1,233,517 | -€22,334 | -1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €39,102 | €35,924 | -€3,179 | -8.1% |
| Reserves | 13 | €1,154,749 | €1,135,594 | -€19,155 | -1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,134 | €86,007 | -€4,127 | -4.6% |
| Distributable reserves | 133 | €1,058,415 | €1,043,386 | -€15,028 | -1.4% |
| Provisions and deferred taxes | 16 | €22,534 | €21,502 | -€1,032 | -4.6% |
| Deferred taxes | 168 | €22,534 | €21,502 | -€1,032 | -4.6% |
| Amounts payable | 17/49 | €738,868 | €685,790 | -€53,078 | -7.2% |
| Amounts payable after more than one year | 17 | €631,992 | €556,580 | -€75,412 | -11.9% |
| Financial debts | 170/4 | €622,942 | €547,530 | -€75,412 | -12.1% |
| Other amounts payable | 178/9 | €9,050 | €9,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,608 | €124,866 | +€19,258 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €80,502 | €82,824 | +€2,323 | +2.9% |
| Trade debts | 44 | €6,455 | €7,391 | +€936 | +14.5% |
| Suppliers | 440/4 | €6,455 | €7,391 | +€936 | +14.5% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Taxes | 450/3 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €17,652 | €33,651 | +€15,999 | +90.6% |
| Accrued charges and deferred income | 492/3 | €1,267 | €4,344 | +€3,076 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,557 | €48,906 | +€4,349 | +9.8% |
| Other operating charges | 640/8 | €8,458 | €17,303 | +€8,845 | +105% |
| Gross operating margin | 9900 | €46,887 | €54,302 | +€7,415 | +15.8% |
| Operating profit (loss) | 9901 | -€6,128 | -€11,907 | -€5,779 | -94.3% |
| Financial income | 75/76B | €7,039 | €5,029 | -€2,010 | -28.6% |
| Recurring financial income | 75 | €7,039 | €5,029 | -€2,010 | -28.6% |
| Financial charges | 65/66B | €18,706 | €16,344 | -€2,362 | -12.6% |
| Recurring financial charges | 65 | €18,706 | €16,344 | -€2,362 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,795 | -€23,221 | -€5,426 | -30.5% |
| Transfer from deferred taxes | 780 | €1,032 | €1,032 | = | 0.0% |
| Income taxes | 67/77 | €140 | €145 | +€5 | +3.4% |
| Profit (loss) for the period | 9904 | -€16,903 | -€22,334 | -€5,431 | -32.1% |
| Transfer from tax-exempt reserves | 789 | €4,127 | €4,127 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,776 | -€18,207 | -€5,431 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.