LUFFY: 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.
LUFFY
Largest movements
- Receivables within one year +€15,754
up €15,754 (+1021.0%), from €1,543 to €17,297
of which Trade receivables: +€15,802
- Cash -€5,257
down €5,257 (-59.8%), from €8,789 to €3,532
mainly Receivables within one year (-€15,754) and Other debts (-€9,600)
- Tangible fixed assets -€813
down €813 (-20.3%), from €3,999 to €3,186
of which Plant, machinery and equipment: -€712
- Trade debts +€15,393
up €15,393 (+1363.4%), from €1,129 to €16,522
- Other debts -€9,600
no longer reported in 2025 (was €9,600)
- Debts after one year +€4,287
new in 2025: €4,287
- Profit (loss) carried forward -€3,194
down €3,194 (-889.7%), from -€359 to -€3,553
- Current portion of long-term debt +€2,908
new in 2025: €2,908
- Financial charges +€5,609
up €5,609 (+844.7%), from €664 to €6,273
- Gross operating margin +€2,918
up €2,918 (+269.4%), from €1,083 to €4,001
- Other operating charges +€477
up €477 (+973.5%), from €49 to €526
- Financial income +€417
new in 2025: €417
- Depreciation +€245
up €245 (+43.1%), from €568 to €813
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 | €14,331 | €24,015 | +€9,684 | +67.6% |
| Fixed assets | 21/28 | €3,999 | €3,186 | -€813 | -20.3% |
| Tangible fixed assets | 22/27 | €3,999 | €3,186 | -€813 | -20.3% |
| Land and buildings | 22 | €939 | €838 | -€101 | -10.8% |
| Plant, machinery and equipment | 23 | €3,060 | €2,348 | -€712 | -23.3% |
| Current assets | 29/58 | €10,332 | €20,829 | +€10,497 | +101.6% |
| Amounts receivable within one year | 40/41 | €1,543 | €17,297 | +€15,754 | +1021.0% |
| Trade receivables | 40 | €1,344 | €17,146 | +€15,802 | +1175.7% |
| Other amounts receivable | 41 | €199 | €151 | -€48 | -24.1% |
| Cash at bank and in hand | 54/58 | €8,789 | €3,532 | -€5,257 | -59.8% |
| Total equity and liabilities | 10/49 | €14,331 | €24,015 | +€9,684 | +67.6% |
| Equity | 10/15 | €3,441 | €247 | -€3,194 | -92.8% |
| Contributions | 10/11 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359 | -€3,553 | -€3,194 | -889.7% |
| Amounts payable | 17/49 | €10,890 | €23,768 | +€12,878 | +118.3% |
| Amounts payable after more than one year | 17 | - | €4,287 | +€4,287 | |
| Financial debts | 170/4 | - | €4,287 | +€4,287 | |
| Amounts payable within one year | 42/48 | €10,890 | €19,481 | +€8,591 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,908 | +€2,908 | |
| Financial debts | 43 | - | €51 | +€51 | |
| Credit institutions | 430/8 | - | €51 | +€51 | |
| Trade debts | 44 | €1,129 | €16,522 | +€15,393 | +1363.4% |
| Suppliers | 440/4 | €1,129 | €16,522 | +€15,393 | +1363.4% |
| Taxes, remuneration and social security | 45 | €161 | - | -€161 | |
| Taxes | 450/3 | €161 | - | -€161 | |
| Other amounts payable | 47/48 | €9,600 | - | -€9,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €813 | +€245 | +43.1% |
| Other operating charges | 640/8 | €49 | €526 | +€477 | +973.5% |
| Gross operating margin | 9900 | €1,083 | €4,001 | +€2,918 | +269.4% |
| Operating profit (loss) | 9901 | €466 | €2,662 | +€2,196 | +471.2% |
| Financial income | 75/76B | - | €417 | +€417 | |
| Recurring financial income | 75 | - | €417 | +€417 | |
| Financial charges | 65/66B | €664 | €6,273 | +€5,609 | +844.7% |
| Recurring financial charges | 65 | €664 | €6,273 | +€5,609 | +844.7% |
| Profit (loss) for the period before taxes | 9903 | -€198 | -€3,194 | -€2,996 | -1513.1% |
| Income taxes | 67/77 | €161 | - | -€161 | |
| Profit (loss) for the period | 9904 | -€359 | -€3,194 | -€2,835 | -789.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€359 | -€3,194 | -€2,835 | -789.7% |
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 8 October 2026 via checked.be.