LUGAN 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.
LUGAN CONSTRUCT
Largest movements
- Receivables within one year +€7,629
up €7,629 (+30.0%), from €25,437 to €33,065
of which Other amounts receivable: +€4,289
- Tangible fixed assets +€5,509
up €5,509 (+249.3%), from €2,210 to €7,719
- Cash -€424
down €424 (-47.5%), from €892 to €468
mainly Receivables within one year (-€7,629) and Investment in fixed assets (net) (-€7,386)
- Profit (loss) carried forward +€11,239
up €11,239 (+53.9%), from €20,868 to €32,107
- Other debts +€950
new in 2025: €950
- Trade debts +€621
up €621 (+13.0%), from €4,787 to €5,407
- Turnover +€180,010
up €180,010 (+78.7%), from €228,817 to €408,826
- Purchases and services +€174,749
up €174,749 (+80.1%), from €218,064 to €392,813
- Gross operating margin +€5,261
up €5,261 (+48.9%), from €10,753 to €16,014
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 | €28,655 | €41,465 | +€12,810 | +44.7% |
| Fixed assets | 21/28 | €2,326 | €7,931 | +€5,605 | +241.0% |
| Tangible fixed assets | 22/27 | €2,210 | €7,719 | +€5,509 | +249.3% |
| Furniture and vehicles | 24 | €2,210 | €7,719 | +€5,509 | +249.3% |
| Financial fixed assets | 28 | €117 | €213 | +€96 | +82.5% |
| Current assets | 29/58 | €26,328 | €33,533 | +€7,205 | +27.4% |
| Amounts receivable within one year | 40/41 | €25,437 | €33,065 | +€7,629 | +30.0% |
| Trade receivables | 40 | €5,440 | €8,780 | +€3,340 | +61.4% |
| Other amounts receivable | 41 | €19,997 | €24,285 | +€4,289 | +21.4% |
| Cash at bank and in hand | 54/58 | €892 | €468 | -€424 | -47.5% |
| Total equity and liabilities | 10/49 | €28,655 | €41,465 | +€12,810 | +44.7% |
| Equity | 10/15 | €23,868 | €35,107 | +€11,239 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,868 | €32,107 | +€11,239 | +53.9% |
| Amounts payable | 17/49 | €4,787 | €6,357 | +€1,571 | +32.8% |
| Amounts payable within one year | 42/48 | €4,787 | €6,357 | +€1,571 | +32.8% |
| Trade debts | 44 | €4,787 | €5,407 | +€621 | +13.0% |
| Suppliers | 440/4 | €4,787 | €5,407 | +€621 | +13.0% |
| Other amounts payable | 47/48 | - | €950 | +€950 | |
| Turnover | 70 | €228,817 | €408,826 | +€180,010 | +78.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €218,064 | €392,813 | +€174,749 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €1,781 | +€735 | +70.2% |
| Other operating charges | 640/8 | €166 | €269 | +€102 | +61.5% |
| Gross operating margin | 9900 | €10,753 | €16,014 | +€5,261 | +48.9% |
| Operating profit (loss) | 9901 | €9,540 | €13,964 | +€4,424 | +46.4% |
| Financial income | 75/76B | €550 | €2,379 | +€1,829 | +332.4% |
| Recurring financial income | 75 | €550 | €2,379 | +€1,829 | +332.4% |
| Non-recurring financial income | 76B | €550 | €2,379 | +€1,829 | +332.4% |
| Financial charges | 65/66B | €96 | €2,305 | +€2,210 | +2313.3% |
| Recurring financial charges | 65 | €96 | €96 | = | 0.0% |
| Non-recurring financial charges | 66B | - | €2,210 | +€2,210 | |
| Profit (loss) for the period before taxes | 9903 | €9,995 | €14,038 | +€4,043 | +40.4% |
| Income taxes | 67/77 | €3,162 | €2,798 | -€364 | -11.5% |
| Profit (loss) for the period | 9904 | €6,832 | €11,239 | +€4,407 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,832 | €11,239 | +€4,407 | +64.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.