LUBLIMO: what changed
What changed
LUBLIMO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€63,677
2024 · €64,175-€498
Equity
€899,131
2024 · €835,454+€63,677
Cash
€118,141
2024 · €219,178-€101,037
Balance sheet total
€1.2m
2024 · €1.2m+€23,588
Largest movements
Assets
- Cash -€101,037
down €101,037 (-46.1%), from €219,178 to €118,141
mainly Current investments (-€100,494) and Receivables within one year (-€52,139)
- Current investments +€100,494
new in 2025: €100,494
- Receivables within one year +€52,139
up €52,139 (+30.9%), from €168,631 to €220,769
of which Other amounts receivable: +€52,139
- Tangible fixed assets -€28,119
down €28,119 (-3.4%), from €816,261 to €788,142
of which Land and buildings: -€42,746
Equity and liabilities
- Reserves +€63,677
up €63,677 (+20.7%), from €307,914 to €371,591
of which Distributable reserves: +€63,677
- Debts after one year -€37,421
down €37,421 (-12.0%), from €311,846 to €274,424
Income statement
- Financial charges +€2,813
up €2,813 (+27.8%), from €10,129 to €12,942
- Gross operating margin +€2,522
up €2,522 (+1.5%), from €173,317 to €175,839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€64,175
Gross operating margin
+€2,522
Depreciation
-€434
Other operating charges
-€755
Financial income
+€749
Financial charges
-€2,813
Taxes
+€233
Result 2025
€63,677
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€56,714
Investment
-€120,330
Financing
-€37,421
Cash 2024
€219,178
From operations (derived)
+€56,714
Net result for the year
+€63,677
Depreciation
+€47,956
Receivables within one year
-€52,139
Smaller working-capital items
-€70
Trade debts
+€2,123
Tax, wage and social debts
-€4,833
Investment (derived)
-€120,330
Investment in fixed assets (net)
-€19,836
Current investments
-€100,494
Financing
-€37,421
Debts after one year
-€37,421
Cash 2025
€118,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,207,429 | €1,231,017 | +€23,588 | +2.0% |
| Fixed assets | 21/28 | €816,261 | €788,142 | -€28,119 | -3.4% |
| Tangible fixed assets | 22/27 | €816,261 | €788,142 | -€28,119 | -3.4% |
| Land and buildings | 22 | €785,503 | €742,757 | -€42,746 | -5.4% |
| Plant, machinery and equipment | 23 | €2,153 | €1,881 | -€272 | -12.6% |
| Other tangible fixed assets | 26 | €28,606 | €43,504 | +€14,898 | +52.1% |
| Current assets | 29/58 | €391,168 | €442,875 | +€51,708 | +13.2% |
| Amounts receivable within one year | 40/41 | €168,631 | €220,769 | +€52,139 | +30.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €168,631 | €220,769 | +€52,139 | +30.9% |
| Current investments | 50/53 | - | €100,494 | +€100,494 | |
| Cash at bank and in hand | 54/58 | €219,178 | €118,141 | -€101,037 | -46.1% |
| Deferred charges and accrued income | 490/1 | €3,359 | €3,471 | +€112 | +3.3% |
| Total equity and liabilities | 10/49 | €1,207,429 | €1,231,017 | +€23,588 | +2.0% |
| Equity | 10/15 | €835,454 | €899,131 | +€63,677 | +7.6% |
| 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% |
| Reserves | 13 | €307,914 | €371,591 | +€63,677 | +20.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €301,714 | €365,391 | +€63,677 | +21.1% |
| Profit (loss) carried forward | 14 | €465,540 | €465,540 | = | 0.0% |
| Amounts payable | 17/49 | €371,975 | €331,886 | -€40,088 | -10.8% |
| Amounts payable after more than one year | 17 | €311,846 | €274,424 | -€37,421 | -12.0% |
| Financial debts | 170/4 | €311,846 | €274,424 | -€37,421 | -12.0% |
| Amounts payable within one year | 42/48 | €57,648 | €54,980 | -€2,667 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €37,421 | €37,421 | = | 0.0% |
| Trade debts | 44 | €180 | €2,303 | +€2,123 | +1,179% |
| Suppliers | 440/4 | €180 | €2,303 | +€2,123 | +1,179% |
| Advances received on contracts in progress | 46 | €1,427 | €1,470 | +€43 | +3.0% |
| Taxes, remuneration and social security | 45 | €18,619 | €13,786 | -€4,833 | -26.0% |
| Taxes | 450/3 | €18,619 | €13,786 | -€4,833 | -26.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,482 | €2,482 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,521 | €47,956 | +€434 | +0.9% |
| Other operating charges | 640/8 | €21,599 | €22,354 | +€755 | +3.5% |
| Gross operating margin | 9900 | €173,317 | €175,839 | +€2,522 | +1.5% |
| Operating profit (loss) | 9901 | €104,197 | €105,530 | +€1,333 | +1.3% |
| Financial income | 75/76B | €56 | €805 | +€749 | +1,345% |
| Recurring financial income | 75 | €56 | €805 | +€749 | +1,345% |
| Financial charges | 65/66B | €10,129 | €12,942 | +€2,813 | +27.8% |
| Recurring financial charges | 65 | €10,129 | €12,942 | +€2,813 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €94,123 | €93,392 | -€731 | -0.8% |
| Income taxes | 67/77 | €29,948 | €29,716 | -€233 | -0.8% |
| Profit (loss) for the period | 9904 | €64,175 | €63,677 | -€498 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,175 | €63,677 | -€498 | -0.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.