LUBLF: 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.
LUBLF
Largest movements
- Current investments -€33,476
down €33,476 (-50.9%), from €65,755 to €32,279
- Tangible fixed assets -€3,654
down €3,654 (-29.4%), from €12,442 to €8,788
of which Furniture and vehicles: -€3,138
- Deferred charges and accrued income -€1,247
down €1,247 (-35.6%), from €3,507 to €2,260
- Reserves -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward -€7,171
down €7,171 (-40.3%), from €17,807 to €10,635
- Tax, wage and social debts -€5,082
down €5,082 (-45.5%), from €11,169 to €6,087
of which Taxes: -€5,082
- Other debts -€2,180
down €2,180 (-6.8%), from €32,018 to €29,838
- Gross operating margin -€7,524
down €7,524 (-12.3%), from €61,176 to €53,652
- Other operating charges -€1,727
down €1,727 (-75.7%), from €2,280 to €553
- Taxes -€1,235
down €1,235 (-11.1%), from €11,156 to €9,921
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,548 | €58,711 | -€38,838 | -39.8% |
| Fixed assets | 21/28 | €12,486 | €8,831 | -€3,654 | -29.3% |
| Tangible fixed assets | 22/27 | €12,442 | €8,788 | -€3,654 | -29.4% |
| Furniture and vehicles | 24 | €10,597 | €7,459 | -€3,138 | -29.6% |
| Other tangible fixed assets | 26 | €1,846 | €1,329 | -€516 | -28.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €85,062 | €49,879 | -€35,183 | -41.4% |
| Amounts receivable within one year | 40/41 | €15,800 | €15,340 | -€460 | -2.9% |
| Trade receivables | 40 | €15,000 | €12,840 | -€2,160 | -14.4% |
| Other amounts receivable | 41 | €800 | €2,500 | +€1,700 | +212.5% |
| Current investments | 50/53 | €65,755 | €32,279 | -€33,476 | -50.9% |
| Deferred charges and accrued income | 490/1 | €3,507 | €2,260 | -€1,247 | -35.6% |
| Total equity and liabilities | 10/49 | €97,548 | €58,711 | -€38,838 | -39.8% |
| Equity | 10/15 | €50,807 | €18,635 | -€32,171 | -63.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €25,000 | - | -€25,000 | |
| Distributable reserves | 133 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | €17,807 | €10,635 | -€7,171 | -40.3% |
| Amounts payable | 17/49 | €46,741 | €40,075 | -€6,666 | -14.3% |
| Amounts payable within one year | 42/48 | €46,741 | €39,911 | -€6,831 | -14.6% |
| Trade debts | 44 | €3,554 | €3,985 | +€431 | +12.1% |
| Suppliers | 440/4 | €3,554 | €3,985 | +€431 | +12.1% |
| Taxes, remuneration and social security | 45 | €11,169 | €6,087 | -€5,082 | -45.5% |
| Taxes | 450/3 | €8,691 | €3,609 | -€5,082 | -58.5% |
| Remuneration and social security | 454/9 | €2,478 | €2,478 | = | 0.0% |
| Other amounts payable | 47/48 | €32,018 | €29,838 | -€2,180 | -6.8% |
| Accrued charges and deferred income | 492/3 | - | €164 | +€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,044 | €3,654 | +€611 | +20.1% |
| Other operating charges | 640/8 | €2,280 | €553 | -€1,727 | -75.7% |
| Gross operating margin | 9900 | €61,176 | €53,652 | -€7,524 | -12.3% |
| Operating profit (loss) | 9901 | €55,852 | €49,445 | -€6,407 | -11.5% |
| Financial income | 75/76B | - | €253 | +€253 | |
| Recurring financial income | 75 | - | €253 | +€253 | |
| Financial charges | 65/66B | €3,138 | €3,282 | +€144 | +4.6% |
| Recurring financial charges | 65 | €3,138 | €3,282 | +€144 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €52,714 | €46,416 | -€6,298 | -11.9% |
| Income taxes | 67/77 | €11,156 | €9,921 | -€1,235 | -11.1% |
| Profit (loss) for the period | 9904 | €41,558 | €36,495 | -€5,063 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,558 | €36,495 | -€5,063 | -12.2% |
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 2 October 2026 via checked.be.