LUFAJ CONSTRUCT: 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.
LUFAJ CONSTRUCT
Largest movements
- Stocks and contracts +€87,969
up €87,969 (+30.0%), from €293,461 to €381,430
- Receivables within one year -€15,053
down €15,053 (-69.2%), from €21,738 to €6,685
of which Trade receivables: -€7,926
- Tangible fixed assets -€7,320
down €7,320 (-78.5%), from €9,327 to €2,007
of which Furniture and vehicles: -€7,095
- Cash +€4,714
up €4,714 (+17.5%), from €26,992 to €31,706
mainly Current portion of long-term debt (+€264,591) and Other debts (+€66,287)
- Current portion of long-term debt +€264,591
up €264,591 (+2131.9%), from €12,411 to €277,002
- Debts after one year -€255,002
no longer reported in 2025 (was €255,002)
- Other debts +€66,287
up €66,287 (+1459.0%), from €4,543 to €70,830
- Trade debts -€8,373
down €8,373 (-88.8%), from €9,429 to €1,057
- Gross operating margin +€73,397
up €73,397, from -€47,126 to €26,271
- Financial charges +€6,432
up €6,432 (+109.4%), from €5,881 to €12,313
- Staff costs +€4,913
up €4,913 (+818.1%), from €601 to €5,513
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 | €351,722 | €422,032 | +€70,310 | +20.0% |
| Fixed assets | 21/28 | €9,532 | €2,212 | -€7,320 | -76.8% |
| Tangible fixed assets | 22/27 | €9,327 | €2,007 | -€7,320 | -78.5% |
| Plant, machinery and equipment | 23 | €428 | €203 | -€225 | -52.6% |
| Furniture and vehicles | 24 | €8,899 | €1,804 | -€7,095 | -79.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €342,190 | €419,820 | +€77,630 | +22.7% |
| Stocks and contracts in progress | 3 | €293,461 | €381,430 | +€87,969 | +30.0% |
| Stocks | 30/36 | €293,461 | €381,430 | +€87,969 | +30.0% |
| Amounts receivable within one year | 40/41 | €21,738 | €6,685 | -€15,053 | -69.2% |
| Trade receivables | 40 | €7,997 | €70 | -€7,926 | -99.1% |
| Other amounts receivable | 41 | €13,741 | €6,614 | -€7,127 | -51.9% |
| Cash at bank and in hand | 54/58 | €26,992 | €31,706 | +€4,714 | +17.5% |
| Total equity and liabilities | 10/49 | €351,722 | €422,032 | +€70,310 | +20.0% |
| Equity | 10/15 | €69,957 | €70,812 | +€855 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,860 | €60,860 | = | 0.0% |
| Distributable reserves | 133 | €60,860 | €60,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,897 | €3,752 | +€855 | +29.5% |
| Amounts payable | 17/49 | €281,765 | €351,220 | +€69,455 | +24.6% |
| Amounts payable after more than one year | 17 | €255,002 | - | -€255,002 | |
| Financial debts | 170/4 | €255,002 | - | -€255,002 | |
| Amounts payable within one year | 42/48 | €26,763 | €351,220 | +€324,457 | +1212.3% |
| Current portion of amounts payable after more than one year | 42 | €12,411 | €277,002 | +€264,591 | +2131.9% |
| Financial debts | 43 | - | €72 | +€72 | |
| Credit institutions | 430/8 | - | €72 | +€72 | |
| Trade debts | 44 | €9,429 | €1,057 | -€8,373 | -88.8% |
| Suppliers | 440/4 | €9,429 | €1,057 | -€8,373 | -88.8% |
| Taxes, remuneration and social security | 45 | €379 | €2,259 | +€1,880 | +496.1% |
| Taxes | 450/3 | - | €59 | +€59 | |
| Remuneration and social security | 454/9 | €379 | €2,201 | +€1,822 | +480.7% |
| Other amounts payable | 47/48 | €4,543 | €70,830 | +€66,287 | +1459.0% |
| Remuneration, social security and pensions | 62 | €601 | €5,513 | +€4,913 | +818.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,525 | €7,320 | -€205 | -2.7% |
| Other operating charges | 640/8 | €798 | €353 | -€445 | -55.8% |
| Gross operating margin | 9900 | -€47,126 | €26,271 | +€73,397 | |
| Operating profit (loss) | 9901 | -€56,050 | €13,084 | +€69,134 | |
| Financial income | 75/76B | €541 | €119 | -€422 | -78.0% |
| Recurring financial income | 75 | €541 | €119 | -€422 | -78.0% |
| Financial charges | 65/66B | €5,881 | €12,313 | +€6,432 | +109.4% |
| Recurring financial charges | 65 | €5,881 | €12,313 | +€6,432 | +109.4% |
| Profit (loss) for the period before taxes | 9903 | -€61,389 | €891 | +€62,280 | |
| Income taxes | 67/77 | €138 | €36 | -€102 | -74.0% |
| Profit (loss) for the period | 9904 | -€61,527 | €855 | +€62,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,527 | €855 | +€62,382 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.