LUELAN: 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.
LUELAN
Largest movements
- Receivables within one year -€12,781
down €12,781 (-34.2%), from €37,416 to €24,635
of which Trade receivables: -€13,016
- Cash +€7,445
up €7,445 (+16.4%), from €45,260 to €52,704
mainly Net result for the year (+€27,674) and Receivables within one year (+€12,781)
- Reserves -€5,359
down €5,359 (-7.9%), from €67,532 to €62,173
of which Distributable reserves: -€3,499
- Other debts +€4,818
up €4,818 (+17.0%), from €28,303 to €33,121
- Tax, wage and social debts -€4,118
down €4,118 (-27.1%), from €15,166 to €11,049
- Gross operating margin -€1,437
down €1,437 (-3.8%), from €37,797 to €36,361
- Depreciation -€958
down €958 (-100.0%), from €958 to €0
- Other operating charges +€395
up €395 (+124.8%), from €317 to €712
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 | €136,036 | €130,654 | -€5,382 | -4.0% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €135,986 | €130,604 | -€5,382 | -4.0% |
| Amounts receivable within one year | 40/41 | €37,416 | €24,635 | -€12,781 | -34.2% |
| Trade receivables | 40 | €35,692 | €22,676 | -€13,016 | -36.5% |
| Other amounts receivable | 41 | €1,724 | €1,960 | +€235 | +13.7% |
| Current investments | 50/53 | €45,432 | €45,738 | +€306 | +0.7% |
| Cash at bank and in hand | 54/58 | €45,260 | €52,704 | +€7,445 | +16.4% |
| Deferred charges and accrued income | 490/1 | €7,878 | €7,527 | -€352 | -4.5% |
| Total equity and liabilities | 10/49 | €136,036 | €130,654 | -€5,382 | -4.0% |
| Equity | 10/15 | €86,132 | €80,773 | -€5,359 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,532 | €62,173 | -€5,359 | -7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €65,672 | €62,173 | -€3,499 | -5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,904 | €49,881 | -€23 | 0.0% |
| Amounts payable within one year | 42/48 | €49,904 | €49,881 | -€23 | 0.0% |
| Financial debts | 43 | €1,163 | €761 | -€402 | -34.6% |
| Credit institutions | 430/8 | €1,163 | €761 | -€402 | -34.6% |
| Trade debts | 44 | €5,273 | €4,951 | -€321 | -6.1% |
| Suppliers | 440/4 | €5,273 | €4,951 | -€321 | -6.1% |
| Taxes, remuneration and social security | 45 | €15,166 | €11,049 | -€4,118 | -27.1% |
| Taxes | 450/3 | €15,166 | €11,049 | -€4,118 | -27.1% |
| Other amounts payable | 47/48 | €28,303 | €33,121 | +€4,818 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €0 | -€958 | -100.0% |
| Other operating charges | 640/8 | €317 | €712 | +€395 | +124.8% |
| Gross operating margin | 9900 | €37,797 | €36,361 | -€1,437 | -3.8% |
| Operating profit (loss) | 9901 | €36,522 | €35,649 | -€873 | -2.4% |
| Financial income | 75/76B | €212 | €454 | +€242 | +113.8% |
| Recurring financial income | 75 | €212 | €454 | +€242 | +113.8% |
| Financial charges | 65/66B | €299 | €252 | -€47 | -15.6% |
| Recurring financial charges | 65 | €299 | €252 | -€47 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €36,436 | €35,851 | -€585 | -1.6% |
| Income taxes | 67/77 | €8,276 | €8,177 | -€99 | -1.2% |
| Profit (loss) for the period | 9904 | €28,160 | €27,674 | -€486 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,160 | €27,674 | -€486 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.