LUGANO: 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.
LUGANO
Largest movements
- Current investments +€136,048
up €136,048 (+3.3%), from €4.1m to €4.3m
- Cash -€126,166
down €126,166 (-60.3%), from €209,211 to €83,046
mainly Current investments (-€136,048)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€154,931
new in 2021: €154,931
- Financial charges +€42,800
new in 2021: €42,800
- Gross operating margin -€15,077
down €15,077 (-21.0%), from -€71,861 to -€86,938
- Taxes +€2,103
up €2,103 (+17.1%), from €12,327 to €14,430
- Other operating charges +€881
new in 2021: €881
From the 2020 result to the 2021 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.
Derived cash bridge
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,656,208 | €4,666,090 | +€9,882 | +0.2% |
| Fixed assets | 21/28 | €307,500 | €307,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €307,500 | €307,500 | = | 0.0% |
| Land and buildings | 22 | - | €307,500 | +€307,500 | |
| Current assets | 29/58 | €4,348,708 | €4,358,590 | +€9,882 | +0.2% |
| Current investments | 50/53 | €4,139,496 | €4,275,545 | +€136,048 | +3.3% |
| Cash at bank and in hand | 54/58 | €209,211 | €83,046 | -€126,166 | -60.3% |
| Total equity and liabilities | 10/49 | €4,656,208 | €4,666,090 | +€9,882 | +0.2% |
| Equity | 10/15 | €4,656,208 | €4,666,090 | +€9,882 | +0.2% |
| Profit (loss) carried forward | 14 | €2,203,209 | €2,213,092 | +€9,882 | +0.4% |
| Other operating charges | 640/8 | - | €881 | +€881 | |
| Gross operating margin | 9900 | -€71,861 | -€86,938 | -€15,077 | -21.0% |
| Operating profit (loss) | 9901 | -€72,736 | -€87,819 | -€15,083 | -20.7% |
| Financial income | 75/76B | - | €154,931 | +€154,931 | |
| Recurring financial income | 75 | €516,388 | €154,931 | -€361,458 | -70.0% |
| Financial charges | 65/66B | - | €42,800 | +€42,800 | |
| Recurring financial charges | 65 | €243,865 | €42,800 | -€201,065 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €199,788 | €24,312 | -€175,476 | -87.8% |
| Income taxes | 67/77 | €12,327 | €14,430 | +€2,103 | +17.1% |
| Profit (loss) for the period | 9904 | €187,461 | €9,882 | -€177,578 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €187,461 | €9,882 | -€177,578 | -94.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.