LUBON: 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.
What changed
LUBON
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€484,868
2024 · €395,184+€89,684
Equity
€1.1m
2024 · €1.6m-€525,686
Cash
€825,151
2024 · €418,639+€406,513
Balance sheet total
€2.2m
2024 · €1.9m+€339,291
Largest movements
Assets
- Cash +€406,513
up €406,513 (+97.1%), from €418,639 to €825,151
mainly Other debts (+€1.0m) and Net result for the year (+€484,868)
- Tangible fixed assets -€90,856
down €90,856 (-85.6%), from €106,080 to €15,224
of which Plant, machinery and equipment: -€86,228
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+9,617%), from €10,400 to €1.0m
- Reserves -€525,686
down €525,686 (-32.8%), from €1.6m to €1.1m
of which Distributable reserves: -€525,686
- Trade debts -€110,767
down €110,767 (-94.8%), from €116,841 to €6,075
Income statement
- Gross operating margin +€147,128
up €147,128 (+19.7%), from €745,695 to €892,822
- Depreciation -€75,868
down €75,868 (-94.1%), from €80,612 to €4,744
- Taxes +€42,086
up €42,086 (+34.8%), from €121,082 to €163,168
- Financial income -€9,786
down €9,786 (-16.7%), from €58,643 to €48,856
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.
Result 2024
€395,184
Gross operating margin
+€147,128
Staff costs
-€7,086
Depreciation
+€75,868
Write-downs
-€2,962
Other operating charges
-€11
Other operating items
-€71,780
Financial income
-€9,786
Financial charges
+€400
Taxes
-€42,086
Result 2025
€484,868
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.4m
Investment
+€84,182
Financing
-€1.0m
Cash 2024
€418,639
From operations (derived)
+€1.4m
Net result for the year
+€484,868
Depreciation
+€4,744
Receivables after one year
-€10,500
Stocks and contracts
+€5,461
Smaller working-capital items
+€58
Deferred charges and accrued income
-€14,932
Trade debts
-€110,767
Tax, wage and social debts
-€7,271
Other debts
+€1.0m
Investment (derived)
+€84,182
Investment in fixed assets (net)
+€86,112
Current investments
-€1,931
Financing
-€1.0m
Current portion of long-term debt
-€18,931
Contributions, distributions and other
-€1.0m
Cash 2025
€825,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,873,608 | €2,212,899 | +€339,291 | +18.1% |
| Fixed assets | 21/28 | €107,355 | €16,499 | -€90,856 | -84.6% |
| Tangible fixed assets | 22/27 | €106,080 | €15,224 | -€90,856 | -85.6% |
| Land and buildings | 22 | €6,889 | €5,505 | -€1,384 | -20.1% |
| Plant, machinery and equipment | 23 | €88,246 | €2,019 | -€86,228 | -97.7% |
| Furniture and vehicles | 24 | €10,944 | €7,700 | -€3,245 | -29.6% |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €1,766,254 | €2,196,401 | +€430,147 | +24.4% |
| Amounts receivable after more than one year | 29 | €150,403 | €160,903 | +€10,500 | +7.0% |
| Other amounts receivable | 291 | €150,403 | €160,903 | +€10,500 | +7.0% |
| Stocks and contracts in progress | 3 | €15,770 | €10,308 | -€5,461 | -34.6% |
| Stocks | 30/36 | €15,770 | €10,308 | -€5,461 | -34.6% |
| Amounts receivable within one year | 40/41 | €673,454 | €675,187 | +€1,733 | +0.3% |
| Trade receivables | 40 | €172,413 | €146,996 | -€25,417 | -14.7% |
| Other amounts receivable | 41 | €501,041 | €528,191 | +€27,150 | +5.4% |
| Current investments | 50/53 | €489,681 | €491,612 | +€1,931 | +0.4% |
| Cash at bank and in hand | 54/58 | €418,639 | €825,151 | +€406,513 | +97.1% |
| Deferred charges and accrued income | 490/1 | €18,307 | €33,239 | +€14,932 | +81.6% |
| Total equity and liabilities | 10/49 | €1,873,608 | €2,212,899 | +€339,291 | +18.1% |
| Equity | 10/15 | €1,623,702 | €1,098,016 | -€525,686 | -32.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,605,110 | €1,079,424 | -€525,686 | -32.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,250 | €35,250 | = | 0.0% |
| Distributable reserves | 133 | €1,568,001 | €1,042,315 | -€525,686 | -33.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €249,907 | €1,114,883 | +€864,976 | +346% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €213,546 | €1,076,732 | +€863,186 | +404% |
| Current portion of amounts payable after more than one year | 42 | €18,931 | €0 | -€18,931 | -100% |
| Trade debts | 44 | €116,841 | €6,075 | -€110,767 | -94.8% |
| Suppliers | 440/4 | €116,841 | €6,075 | -€110,767 | -94.8% |
| Taxes, remuneration and social security | 45 | €67,374 | €60,103 | -€7,271 | -10.8% |
| Taxes | 450/3 | €45,014 | €36,832 | -€8,181 | -18.2% |
| Remuneration and social security | 454/9 | €22,360 | €23,271 | +€910 | +4.1% |
| Other amounts payable | 47/48 | €10,400 | €1,010,554 | +€1.0m | +9,617% |
| Accrued charges and deferred income | 492/3 | €36,361 | €38,151 | +€1,791 | +4.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €202,461 | €209,546 | +€7,086 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,612 | €4,744 | -€75,868 | -94.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,962 | +€2,962 | |
| Other operating charges | 640/8 | €455 | €467 | +€11 | +2.5% |
| Non-recurring operating charges | 66A | - | €71,780 | +€71,780 | |
| Gross operating margin | 9900 | €745,695 | €892,822 | +€147,128 | +19.7% |
| Operating profit (loss) | 9901 | €462,167 | €603,324 | +€141,156 | +30.5% |
| Financial income | 75/76B | €58,643 | €48,856 | -€9,786 | -16.7% |
| Recurring financial income | 75 | €58,643 | €48,856 | -€9,786 | -16.7% |
| Financial charges | 65/66B | €4,544 | €4,144 | -€400 | -8.8% |
| Recurring financial charges | 65 | €4,544 | €4,144 | -€400 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €516,266 | €648,036 | +€131,770 | +25.5% |
| Income taxes | 67/77 | €121,082 | €163,168 | +€42,086 | +34.8% |
| Profit (loss) for the period | 9904 | €395,184 | €484,868 | +€89,684 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €395,184 | €484,868 | +€89,684 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.