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
- Receivables within one year -€19,101
down €19,101 (-69.5%), from €27,486 to €8,385
of which Trade receivables: -€14,908
- Cash +€18,065
up €18,065 (+228%), from €7,922 to €25,987
mainly Receivables within one year (+€19,101) and Net result for the year (+€13,639)
- Stocks and contracts -€12,050
no longer reported in 2023 (was €12,050)
- Profit (loss) carried forward +€13,639
up €13,639 (+17.5%), from -€77,981 to -€64,342
- Trade debts -€11,670
down €11,670 (-47.9%), from €24,355 to €12,685
- Other debts -€10,646
down €10,646 (-12.9%), from €82,514 to €71,868
- Tax, wage and social debts -€4,709
down €4,709 (-74.5%), from €6,320 to €1,611
of which Remuneration and social security: -€3,935
- Gross operating margin +€19,276
up €19,276, from -€3,267 to €16,009
- Other operating charges -€2,013
down €2,013 (-67.2%), from €2,997 to €984
- Taxes -€1,977
no longer reported in 2023 (was €1,977)
- Write-downs -€1,503
no longer reported in 2023 (was €1,503)
- Depreciation +€387
up €387 (+39.5%), from €978 to €1,365
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,718 | €37,332 | -€13,386 | -26.4% |
| Fixed assets | 21/28 | €1,490 | €1,103 | -€387 | -26.0% |
| Tangible fixed assets | 22/27 | €1,490 | €1,103 | -€387 | -26.0% |
| Plant, machinery and equipment | 23 | - | €794 | +€794 | |
| Furniture and vehicles | 24 | €1,490 | €309 | -€1,181 | -79.2% |
| Current assets | 29/58 | €49,228 | €36,229 | -€12,999 | -26.4% |
| Stocks and contracts in progress | 3 | €12,050 | - | -€12,050 | |
| Stocks | 30/36 | €12,050 | - | -€12,050 | |
| Amounts receivable within one year | 40/41 | €27,486 | €8,385 | -€19,101 | -69.5% |
| Trade receivables | 40 | €22,913 | €8,006 | -€14,908 | -65.1% |
| Other amounts receivable | 41 | €4,573 | €380 | -€4,193 | -91.7% |
| Cash at bank and in hand | 54/58 | €7,922 | €25,987 | +€18,065 | +228% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,857 | +€86 | +4.9% |
| Total equity and liabilities | 10/49 | €50,718 | €37,332 | -€13,386 | -26.4% |
| Equity | 10/15 | -€63,721 | -€50,082 | +€13,639 | +21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,981 | -€64,342 | +€13,639 | +17.5% |
| Amounts payable | 17/49 | €114,439 | €87,413 | -€27,025 | -23.6% |
| Amounts payable within one year | 42/48 | €114,439 | €87,413 | -€27,025 | -23.6% |
| Trade debts | 44 | €24,355 | €12,685 | -€11,670 | -47.9% |
| Suppliers | 440/4 | €24,355 | €12,685 | -€11,670 | -47.9% |
| Advances received on contracts in progress | 46 | €1,250 | €1,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,320 | €1,611 | -€4,709 | -74.5% |
| Taxes | 450/3 | €2,384 | €1,611 | -€773 | -32.4% |
| Remuneration and social security | 454/9 | €3,935 | - | -€3,935 | |
| Other amounts payable | 47/48 | €82,514 | €71,868 | -€10,646 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €1,365 | +€387 | +39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,503 | - | -€1,503 | |
| Other operating charges | 640/8 | €2,997 | €984 | -€2,013 | -67.2% |
| Gross operating margin | 9900 | -€3,267 | €16,009 | +€19,276 | |
| Operating profit (loss) | 9901 | -€8,746 | €13,659 | +€22,406 | |
| Financial income | 75/76B | €70 | €67 | -€3 | -4.4% |
| Recurring financial income | 75 | €70 | €67 | -€3 | -4.4% |
| Financial charges | 65/66B | €358 | €87 | -€271 | -75.6% |
| Recurring financial charges | 65 | €358 | €87 | -€271 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,034 | €13,639 | +€22,673 | |
| Income taxes | 67/77 | €1,977 | - | -€1,977 | |
| Profit (loss) for the period | 9904 | -€11,012 | €13,639 | +€24,651 | |
| Transfer from tax-exempt reserves | 789 | €12,348 | - | -€12,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,337 | €13,639 | +€12,302 | +920% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.