Lubis: 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.
Lubis
Largest movements
- Cash +€78,527
up €78,527 (+128.7%), from €61,021 to €139,548
mainly Net result for the year (+€61,824) and Depreciation (+€14,522)
- Tangible fixed assets -€14,522
down €14,522 (-73.7%), from €19,711 to €5,189
of which Furniture and vehicles: -€13,521
- Reserves +€61,824
up €61,824 (+17.3%), from €356,682 to €418,507
- Gross operating margin +€35,534
up €35,534 (+53.6%), from €66,260 to €101,794
- Taxes +€11,560
up €11,560 (+60.8%), from €19,006 to €30,565
- Depreciation -€3,097
down €3,097 (-17.6%), from €17,618 to €14,522
- Financial income -€2,804
down €2,804 (-30.9%), from €9,082 to €6,279
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 | €401,038 | €466,396 | +€65,358 | +16.3% |
| Fixed assets | 21/28 | €19,711 | €5,189 | -€14,522 | -73.7% |
| Tangible fixed assets | 22/27 | €19,711 | €5,189 | -€14,522 | -73.7% |
| Plant, machinery and equipment | 23 | €3,818 | €2,817 | -€1,001 | -26.2% |
| Furniture and vehicles | 24 | €15,893 | €2,373 | -€13,521 | -85.1% |
| Current assets | 29/58 | €381,327 | €461,206 | +€79,879 | +20.9% |
| Amounts receivable within one year | 40/41 | €17,990 | €19,663 | +€1,673 | +9.3% |
| Trade receivables | 40 | €16,250 | €19,663 | +€3,413 | +21.0% |
| Other amounts receivable | 41 | €1,740 | - | -€1,740 | |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,021 | €139,548 | +€78,527 | +128.7% |
| Deferred charges and accrued income | 490/1 | €2,316 | €1,996 | -€320 | -13.8% |
| Total equity and liabilities | 10/49 | €401,038 | €466,396 | +€65,358 | +16.3% |
| Equity | 10/15 | €366,682 | €428,507 | +€61,824 | +16.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €356,682 | €418,507 | +€61,824 | +17.3% |
| Distributable reserves | 133 | €356,682 | €418,507 | +€61,824 | +17.3% |
| Amounts payable | 17/49 | €34,356 | €37,889 | +€3,533 | +10.3% |
| Amounts payable within one year | 42/48 | €34,356 | €37,889 | +€3,533 | +10.3% |
| Trade debts | 44 | €4,999 | €3,759 | -€1,241 | -24.8% |
| Suppliers | 440/4 | €4,999 | €3,759 | -€1,241 | -24.8% |
| Taxes, remuneration and social security | 45 | €5,816 | €10,146 | +€4,330 | +74.4% |
| Taxes | 450/3 | €5,816 | €10,146 | +€4,330 | +74.4% |
| Other amounts payable | 47/48 | €23,540 | €23,984 | +€444 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,618 | €14,522 | -€3,097 | -17.6% |
| Other operating charges | 640/8 | €867 | €986 | +€118 | +13.6% |
| Gross operating margin | 9900 | €66,260 | €101,794 | +€35,534 | +53.6% |
| Operating profit (loss) | 9901 | €47,775 | €86,287 | +€38,512 | +80.6% |
| Financial income | 75/76B | €9,082 | €6,279 | -€2,804 | -30.9% |
| Recurring financial income | 75 | €9,082 | €6,279 | -€2,804 | -30.9% |
| Financial charges | 65/66B | €142 | €176 | +€34 | +23.7% |
| Recurring financial charges | 65 | €142 | €176 | +€34 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €56,715 | €92,389 | +€35,675 | +62.9% |
| Income taxes | 67/77 | €19,006 | €30,565 | +€11,560 | +60.8% |
| Profit (loss) for the period | 9904 | €37,709 | €61,824 | +€24,115 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,709 | €61,824 | +€24,115 | +64.0% |
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 4 October 2026 via checked.be.