LUBO: 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.
LUBO
Largest movements
- Cash +€281,183
up €281,183 (+99.6%), from €282,359 to €563,542
- Tangible fixed assets +€120,962
new in 2025: €120,962
of which Furniture and vehicles: +€118,107
- Receivables after one year +€55,000
new in 2025: €55,000
- Receivables within one year -€54,990
down €54,990 (-100.0%), from €54,998 to €8
of which Trade receivables: -€41,300
- Reserves +€317,688
up €317,688 (+142%), from €223,721 to €541,409
- Debts after one year +€84,236
new in 2025: €84,236
- Tax, wage and social debts -€53,091
down €53,091 (-48.7%), from €108,985 to €55,894
- Trade debts +€27,745
up €27,745 (+760%), from €3,650 to €31,395
- Current portion of long-term debt +€25,960
new in 2025: €25,960
- Gross operating margin -€127,683
down €127,683 (-39.7%), from €321,718 to €194,034
- Taxes -€49,683
down €49,683 (-50.8%), from €97,737 to €48,054
- Depreciation +€30,444
new in 2025: €30,444
- Financial income +€5,307
new in 2025: €5,307
- Financial charges +€4,841
up €4,841 (+3,026%), from €160 to €5,001
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,356 | €740,986 | +€403,630 | +120% |
| Fixed assets | 21/28 | - | €120,962 | +€120,962 | |
| Tangible fixed assets | 22/27 | - | €120,962 | +€120,962 | |
| Plant, machinery and equipment | 23 | - | €2,855 | +€2,855 | |
| Furniture and vehicles | 24 | - | €118,107 | +€118,107 | |
| Current assets | 29/58 | €337,356 | €620,024 | +€282,668 | +83.8% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 291 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €54,998 | €8 | -€54,990 | -100.0% |
| Trade receivables | 40 | €41,300 | - | -€41,300 | |
| Other amounts receivable | 41 | €13,698 | €8 | -€13,690 | -99.9% |
| Cash at bank and in hand | 54/58 | €282,359 | €563,542 | +€281,183 | +99.6% |
| Deferred charges and accrued income | 490/1 | - | €1,474 | +€1,474 | |
| Total equity and liabilities | 10/49 | €337,356 | €740,986 | +€403,630 | +120% |
| Equity | 10/15 | €224,721 | €542,409 | +€317,688 | +141% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €223,721 | €541,409 | +€317,688 | +142% |
| Distributable reserves | 133 | €223,721 | €541,409 | +€317,688 | +142% |
| Amounts payable | 17/49 | €112,635 | €198,577 | +€85,942 | +76.3% |
| Amounts payable after more than one year | 17 | - | €84,236 | +€84,236 | |
| Financial debts | 170/4 | - | €84,236 | +€84,236 | |
| Amounts payable within one year | 42/48 | €112,635 | €114,341 | +€1,706 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | - | €25,960 | +€25,960 | |
| Trade debts | 44 | €3,650 | €31,395 | +€27,745 | +760% |
| Suppliers | 440/4 | €3,650 | €31,395 | +€27,745 | +760% |
| Taxes, remuneration and social security | 45 | €108,985 | €55,894 | -€53,091 | -48.7% |
| Taxes | 450/3 | €108,985 | €55,894 | -€53,091 | -48.7% |
| Other amounts payable | 47/48 | - | €1,092 | +€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,444 | +€30,444 | |
| Other operating charges | 640/8 | €100 | €1,163 | +€1,063 | +1,063% |
| Gross operating margin | 9900 | €321,718 | €194,034 | -€127,683 | -39.7% |
| Operating profit (loss) | 9901 | €321,618 | €162,427 | -€159,191 | -49.5% |
| Financial income | 75/76B | - | €5,307 | +€5,307 | |
| Recurring financial income | 75 | - | €5,307 | +€5,307 | |
| Financial charges | 65/66B | €160 | €5,001 | +€4,841 | +3,026% |
| Recurring financial charges | 65 | €160 | €5,001 | +€4,841 | +3,026% |
| Profit (loss) for the period before taxes | 9903 | €321,458 | €162,733 | -€158,724 | -49.4% |
| Income taxes | 67/77 | €97,737 | €48,054 | -€49,683 | -50.8% |
| Profit (loss) for the period | 9904 | €223,721 | €114,680 | -€109,042 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €223,721 | €114,680 | -€109,042 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.