LUBRETEC: 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.
LUBRETEC
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€55,459
up €55,459 (+22.2%), from €249,480 to €304,939
mainly Net result for the year (+€285,606) and Current investments (+€200,000)
- Receivables within one year -€23,565
down €23,565 (-11.6%), from €203,212 to €179,647
of which Trade receivables: -€30,331
- Intangible fixed assets -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Trade debts -€330,861
down €330,861 (-84.5%), from €391,585 to €60,724
- Reserves +€185,606
up €185,606 (+61.4%), from €302,241 to €487,848
- Tax, wage and social debts -€77,676
down €77,676 (-89.9%), from €86,434 to €8,758
of which Taxes: -€78,214
- Current portion of long-term debt +€44,249
new in 2025: €44,249
- Accrued charges and deferred income +€14,972
up €14,972 (+1149.7%), from €1,302 to €16,274
- Gross operating margin +€64,737
up €64,737 (+16.4%), from €394,318 to €459,056
- Staff costs +€18,418
up €18,418 (+32.5%), from €56,683 to €75,100
- Financial charges +€13,965
up €13,965 (+337.5%), from €4,138 to €18,103
- Taxes +€9,115
up €9,115 (+11.6%), from €78,300 to €87,415
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €887,762 | €724,053 | -€163,709 | -18.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €48,666 | €45,355 | -€3,311 | -6.8% |
| Intangible fixed assets | 21 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Tangible fixed assets | 22/27 | €8,666 | €6,487 | -€2,179 | -25.1% |
| Plant, machinery and equipment | 23 | €8,666 | €6,487 | -€2,179 | -25.1% |
| Financial fixed assets | 28 | - | €8,868 | +€8,868 | |
| Current assets | 29/58 | €839,096 | €678,698 | -€160,398 | -19.1% |
| Stocks and contracts in progress | 3 | €181,604 | €189,190 | +€7,586 | +4.2% |
| Stocks | 30/36 | €181,604 | €189,190 | +€7,586 | +4.2% |
| Amounts receivable within one year | 40/41 | €203,212 | €179,647 | -€23,565 | -11.6% |
| Trade receivables | 40 | €197,684 | €167,353 | -€30,331 | -15.3% |
| Other amounts receivable | 41 | €5,528 | €12,294 | +€6,766 | +122.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €249,480 | €304,939 | +€55,459 | +22.2% |
| Deferred charges and accrued income | 490/1 | €4,800 | €4,923 | +€122 | +2.6% |
| Total equity and liabilities | 10/49 | €887,762 | €724,053 | -€163,709 | -18.4% |
| Equity | 10/15 | €308,441 | €494,048 | +€185,606 | +60.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,241 | €487,848 | +€185,606 | +61.4% |
| Distributable reserves | 133 | €302,241 | €487,848 | +€185,606 | +61.4% |
| Amounts payable | 17/49 | €579,321 | €230,005 | -€349,315 | -60.3% |
| Amounts payable within one year | 42/48 | €578,018 | €213,731 | -€364,287 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | - | €44,249 | +€44,249 | |
| Trade debts | 44 | €391,585 | €60,724 | -€330,861 | -84.5% |
| Suppliers | 440/4 | €391,585 | €60,724 | -€330,861 | -84.5% |
| Taxes, remuneration and social security | 45 | €86,434 | €8,758 | -€77,676 | -89.9% |
| Taxes | 450/3 | €78,214 | - | -€78,214 | |
| Remuneration and social security | 454/9 | €8,219 | €8,758 | +€539 | +6.6% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,302 | €16,274 | +€14,972 | +1149.7% |
| Remuneration, social security and pensions | 62 | €56,683 | €75,100 | +€18,418 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,161 | €12,179 | +€18 | +0.1% |
| Other operating charges | 640/8 | €5,013 | €1,200 | -€3,813 | -76.1% |
| Gross operating margin | 9900 | €394,318 | €459,056 | +€64,737 | +16.4% |
| Operating profit (loss) | 9901 | €320,461 | €370,576 | +€50,115 | +15.6% |
| Financial income | 75/76B | €16,385 | €20,548 | +€4,164 | +25.4% |
| Recurring financial income | 75 | €16,385 | €20,548 | +€4,164 | +25.4% |
| Financial charges | 65/66B | €4,138 | €18,103 | +€13,965 | +337.5% |
| Recurring financial charges | 65 | €4,138 | €18,103 | +€13,965 | +337.5% |
| Profit (loss) for the period before taxes | 9903 | €332,708 | €373,021 | +€40,313 | +12.1% |
| Income taxes | 67/77 | €78,300 | €87,415 | +€9,115 | +11.6% |
| Profit (loss) for the period | 9904 | €254,408 | €285,606 | +€31,199 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254,408 | €285,606 | +€31,199 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.