LUBRITECH: 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.
LUBRITECH
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Cash -€406,208
down €406,208 (-91.8%), from €442,448 to €36,240
mainly Current investments (-€600,000) and Trade debts (-€68,074)
- Stocks and contracts -€224,690
down €224,690 (-100%), from €224,690 to €0
- Tangible fixed assets -€124,119
down €124,119 (-100%), from €124,119 to €0
of which Furniture and vehicles: -€98,530
- Receivables within one year +€27,055
up €27,055 (+11.8%), from €228,314 to €255,369
of which Other amounts receivable: +€204,214
- Trade debts -€68,074
down €68,074 (-83.5%), from €81,530 to €13,456
- Reserves +€38,332
up €38,332 (+10.1%), from €380,759 to €419,091
- Other debts -€36,986
down €36,986 (-9.3%), from €398,283 to €361,298
- Debts after one year -€27,487
down €27,487 (-100%), from €27,487 to €0
- Current portion of long-term debt -€17,181
down €17,181 (-91.3%), from €18,820 to €1,638
- Gross operating margin -€85,590
down €85,590 (-45.5%), from €188,276 to €102,686
- Depreciation -€36,225
down €36,225 (-100%), from €36,225 to €0
- Staff costs -€18,957
down €18,957 (-31.0%), from €61,057 to €42,100
- Financial income +€5,962
up €5,962 (+561%), from €1,062 to €7,024
- Other operating charges +€4,219
up €4,219 (+399%), from €1,056 to €5,276
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,504 | €896,563 | -€135,941 | -13.2% |
| Fixed assets | 21/28 | €129,212 | €0 | -€129,212 | -100% |
| Intangible fixed assets | 21 | €4,968 | €0 | -€4,968 | -100% |
| Tangible fixed assets | 22/27 | €124,119 | €0 | -€124,119 | -100% |
| Plant, machinery and equipment | 23 | €2,110 | €0 | -€2,110 | -100% |
| Furniture and vehicles | 24 | €98,530 | €0 | -€98,530 | -100% |
| Other tangible fixed assets | 26 | €23,479 | €0 | -€23,479 | -100% |
| Financial fixed assets | 28 | €125 | €0 | -€125 | -100% |
| Current assets | 29/58 | €903,292 | €896,563 | -€6,729 | -0.7% |
| Stocks and contracts in progress | 3 | €224,690 | €0 | -€224,690 | -100% |
| Stocks | 30/36 | €224,690 | €0 | -€224,690 | -100% |
| Amounts receivable within one year | 40/41 | €228,314 | €255,369 | +€27,055 | +11.8% |
| Trade receivables | 40 | €194,714 | €17,555 | -€177,159 | -91.0% |
| Other amounts receivable | 41 | €33,600 | €237,814 | +€204,214 | +608% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €442,448 | €36,240 | -€406,208 | -91.8% |
| Deferred charges and accrued income | 490/1 | €7,841 | €4,954 | -€2,886 | -36.8% |
| Total equity and liabilities | 10/49 | €1,032,504 | €896,563 | -€135,941 | -13.2% |
| Equity | 10/15 | €474,359 | €512,691 | +€38,332 | +8.1% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €380,759 | €419,091 | +€38,332 | +10.1% |
| Distributable reserves | 133 | €380,759 | €419,091 | +€38,332 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €5,000 | +€5,000 | |
| Provisions for liabilities and charges | 160/5 | - | €5,000 | +€5,000 | |
| Other liabilities and charges | 164/5 | - | €5,000 | +€5,000 | |
| Amounts payable | 17/49 | €558,145 | €378,872 | -€179,273 | -32.1% |
| Amounts payable after more than one year | 17 | €27,487 | €0 | -€27,487 | -100% |
| Financial debts | 170/4 | €27,487 | €0 | -€27,487 | -100% |
| Amounts payable within one year | 42/48 | €530,577 | €378,872 | -€151,705 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €18,820 | €1,638 | -€17,181 | -91.3% |
| Financial debts | 43 | €14,742 | €0 | -€14,742 | -100% |
| Credit institutions | 430/8 | €14,742 | €0 | -€14,742 | -100% |
| Trade debts | 44 | €81,530 | €13,456 | -€68,074 | -83.5% |
| Suppliers | 440/4 | €81,530 | €13,456 | -€68,074 | -83.5% |
| Taxes, remuneration and social security | 45 | €17,201 | €2,480 | -€14,721 | -85.6% |
| Taxes | 450/3 | €1,270 | €1,927 | +€657 | +51.7% |
| Remuneration and social security | 454/9 | €15,931 | €554 | -€15,378 | -96.5% |
| Other amounts payable | 47/48 | €398,283 | €361,298 | -€36,986 | -9.3% |
| Accrued charges and deferred income | 492/3 | €81 | €0 | -€81 | -100% |
| Remuneration, social security and pensions | 62 | €61,057 | €42,100 | -€18,957 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,225 | €0 | -€36,225 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,405 | -€914 | -€3,319 | |
| Other operating charges | 640/8 | €1,056 | €5,276 | +€4,219 | +399% |
| Gross operating margin | 9900 | €188,276 | €102,686 | -€85,590 | -45.5% |
| Operating profit (loss) | 9901 | €87,533 | €56,225 | -€31,307 | -35.8% |
| Financial income | 75/76B | €1,062 | €7,024 | +€5,962 | +561% |
| Recurring financial income | 75 | €1,062 | €7,024 | +€5,962 | +561% |
| Financial charges | 65/66B | €6,434 | €4,672 | -€1,762 | -27.4% |
| Recurring financial charges | 65 | €6,434 | €4,672 | -€1,762 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €82,160 | €58,577 | -€23,583 | -28.7% |
| Income taxes | 67/77 | €24,134 | €20,245 | -€3,889 | -16.1% |
| Profit (loss) for the period | 9904 | €58,026 | €38,332 | -€19,694 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,026 | €38,332 | -€19,694 | -33.9% |
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 27 October 2026 via checked.be.