LUGANO IP: 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 IP
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+5,248%), from €22,634 to €1.2m
of which Other amounts receivable: +€1.2m
- Reserves +€984,385
up €984,385 (+129%), from €763,494 to €1.7m
- Tax, wage and social debts +€345,964
up €345,964 (+5,308%), from €6,518 to €352,482
- Other debts -€192,270
down €192,270 (-89.9%), from €213,791 to €21,520
- Trade debts +€48,895
up €48,895 (+34.2%), from €142,938 to €191,833
- Gross operating margin +€1.3m
up €1.3m (+26,703%), from €4,986 to €1.3m
- Taxes +€347,650
up €347,650 (+11,094%), from €3,134 to €350,783
- Financial income -€33,602
no longer reported in 2025 (was €33,602)
of which Financial income: -€33,602
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.
Derived cash bridge
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 | €1,726,740 | €2,913,713 | +€1.2m | +68.7% |
| Fixed assets | 21/28 | €1,700,658 | €1,700,658 | = | 0.0% |
| Financial fixed assets | 28 | €1,700,658 | €1,700,658 | = | 0.0% |
| Current assets | 29/58 | €26,082 | €1,213,056 | +€1.2m | +4,551% |
| Amounts receivable within one year | 40/41 | €22,634 | €1,210,515 | +€1.2m | +5,248% |
| Trade receivables | 40 | €22,624 | - | -€22,624 | |
| Other amounts receivable | 41 | €9 | €1,210,515 | +€1.2m | +12,755,585% |
| Cash at bank and in hand | 54/58 | €3,058 | €2,504 | -€554 | -18.1% |
| Deferred charges and accrued income | 490/1 | €391 | €37 | -€354 | -90.5% |
| Total equity and liabilities | 10/49 | €1,726,740 | €2,913,713 | +€1.2m | +68.7% |
| Equity | 10/15 | €1,363,494 | €2,347,879 | +€984,385 | +72.2% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €763,494 | €1,747,879 | +€984,385 | +129% |
| Distributable reserves | 133 | €763,494 | €1,747,879 | +€984,385 | +129% |
| Amounts payable | 17/49 | €363,247 | €565,835 | +€202,588 | +55.8% |
| Amounts payable within one year | 42/48 | €363,247 | €565,835 | +€202,588 | +55.8% |
| Trade debts | 44 | €142,938 | €191,833 | +€48,895 | +34.2% |
| Suppliers | 440/4 | €142,938 | €191,833 | +€48,895 | +34.2% |
| Taxes, remuneration and social security | 45 | €6,518 | €352,482 | +€345,964 | +5,308% |
| Taxes | 450/3 | €6,518 | €352,482 | +€345,964 | +5,308% |
| Other amounts payable | 47/48 | €213,791 | €21,520 | -€192,270 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,603 | - | -€4,603 | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €4,986 | €1,336,476 | +€1.3m | +26,703% |
| Operating profit (loss) | 9901 | -€710 | €1,335,350 | +€1.3m | |
| Financial income | 75/76B | €33,602 | - | -€33,602 | |
| Recurring financial income | 75 | €33,602 | - | -€33,602 | |
| Non-recurring financial income | 76B | €33,602 | - | -€33,602 | |
| Financial charges | 65/66B | €306 | €182 | -€124 | -40.5% |
| Recurring financial charges | 65 | €306 | €182 | -€124 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €32,586 | €1,335,168 | +€1.3m | +3,997% |
| Income taxes | 67/77 | €3,134 | €350,783 | +€347,650 | +11,094% |
| Profit (loss) for the period | 9904 | €29,453 | €984,385 | +€954,932 | +3,242% |
| Profit (loss) for the period to be appropriated | 9905 | €29,453 | €984,385 | +€954,932 | +3,242% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.