LUFF: 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.
LUFF
Largest movements
- Current investments +€820,932
up €820,932 (+37.4%), from €2.2m to €3.0m
- Cash +€222,266
up €222,266 (+32.4%), from €685,318 to €907,583
mainly Net result for the year (+€1.1m) and Other debts (+€429,292)
- Reserves +€486,300
up €486,300 (+21.3%), from €2.3m to €2.8m
- Other debts +€429,292
up €429,292 (+83.9%), from €511,954 to €941,246
- Tax, wage and social debts +€130,221
up €130,221 (+346.3%), from €37,600 to €167,821
- Gross operating margin +€704,941
up €704,941 (+86.3%), from €817,077 to €1.5m
- Taxes +€289,630
up €289,630 (+111.4%), from €260,100 to €549,729
- Financial income +€88,107
up €88,107 (+348.8%), from €25,258 to €113,365
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 | €3,024,972 | €4,065,965 | +€1.0m | +34.4% |
| Fixed assets | 21/28 | €146,431 | €144,302 | -€2,130 | -1.5% |
| Tangible fixed assets | 22/27 | €5,661 | €3,532 | -€2,130 | -37.6% |
| Furniture and vehicles | 24 | €3,101 | €1,978 | -€1,124 | -36.2% |
| Other tangible fixed assets | 26 | €2,560 | €1,554 | -€1,006 | -39.3% |
| Financial fixed assets | 28 | €140,770 | €140,770 | = | 0.0% |
| Current assets | 29/58 | €2,878,540 | €3,921,664 | +€1.0m | +36.2% |
| Current investments | 50/53 | €2,192,843 | €3,013,775 | +€820,932 | +37.4% |
| Cash at bank and in hand | 54/58 | €685,318 | €907,583 | +€222,266 | +32.4% |
| Deferred charges and accrued income | 490/1 | €380 | €306 | -€75 | -19.6% |
| Total equity and liabilities | 10/49 | €3,024,972 | €4,065,965 | +€1.0m | +34.4% |
| Equity | 10/15 | €2,469,556 | €2,955,899 | +€486,343 | +19.7% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €2,280,900 | €2,767,200 | +€486,300 | +21.3% |
| Distributable reserves | 133 | €2,280,900 | €2,767,200 | +€486,300 | +21.3% |
| Profit (loss) carried forward | 14 | €2,656 | €2,699 | +€43 | +1.6% |
| Amounts payable | 17/49 | €555,415 | €1,110,066 | +€554,650 | +99.9% |
| Amounts payable within one year | 42/48 | €555,415 | €1,110,066 | +€554,650 | +99.9% |
| Trade debts | 44 | €5,861 | €998 | -€4,862 | -83.0% |
| Suppliers | 440/4 | €5,861 | €998 | -€4,862 | -83.0% |
| Taxes, remuneration and social security | 45 | €37,600 | €167,821 | +€130,221 | +346.3% |
| Taxes | 450/3 | €37,600 | €167,821 | +€130,221 | +346.3% |
| Other amounts payable | 47/48 | €511,954 | €941,246 | +€429,292 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €2,130 | -€1,471 | -40.9% |
| Other operating charges | 640/8 | €1,740 | €1,968 | +€229 | +13.2% |
| Gross operating margin | 9900 | €817,077 | €1,522,018 | +€704,941 | +86.3% |
| Operating profit (loss) | 9901 | €811,737 | €1,517,920 | +€706,183 | +87.0% |
| Financial income | 75/76B | €25,258 | €113,365 | +€88,107 | +348.8% |
| Recurring financial income | 75 | €25,258 | €113,365 | +€88,107 | +348.8% |
| Financial charges | 65/66B | €7,317 | €7,713 | +€396 | +5.4% |
| Recurring financial charges | 65 | €7,317 | €7,713 | +€396 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €829,678 | €1,623,572 | +€793,894 | +95.7% |
| Income taxes | 67/77 | €260,100 | €549,729 | +€289,630 | +111.4% |
| Profit (loss) for the period | 9904 | €569,579 | €1,073,843 | +€504,265 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €569,579 | €1,073,843 | +€504,265 | +88.5% |
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 30 September 2026 via checked.be.