LUGH RETAIL: 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.
LUGH RETAIL
Largest movements
- Cash -€20,896
down €20,896 (-80.0%), from €26,131 to €5,235
mainly Receivables within one year (-€18,913) and Debts after one year (-€6,540)
- Receivables within one year +€18,913
up €18,913 (+157%), from €12,040 to €30,953
of which Other amounts receivable: +€19,733
- Debts after one year -€6,540
down €6,540 (-11.4%), from €57,567 to €51,026
- Tax, wage and social debts +€5,437
up €5,437 (+32.6%), from €16,672 to €22,109
of which Taxes: +€3,014
- Trade debts -€1,317
down €1,317 (-43.5%), from €3,029 to €1,712
- Gross operating margin -€27,279
down €27,279 (-83.0%), from €32,862 to €5,583
- Taxes -€6,096
down €6,096 (-63.4%), from €9,608 to €3,512
- Financial income +€688
up €688 (+814%), from €85 to €773
- Other operating charges +€506
up €506 (+464%), from €109 to €615
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,507 | €106,523 | -€1,983 | -1.8% |
| Fixed assets | 21/28 | €70,000 | €70,000 | = | 0.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €38,507 | €36,523 | -€1,983 | -5.2% |
| Amounts receivable within one year | 40/41 | €12,040 | €30,953 | +€18,913 | +157% |
| Trade receivables | 40 | €9,000 | €8,180 | -€820 | -9.1% |
| Other amounts receivable | 41 | €3,040 | €22,773 | +€19,733 | +649% |
| Cash at bank and in hand | 54/58 | €26,131 | €5,235 | -€20,896 | -80.0% |
| Deferred charges and accrued income | 490/1 | €335 | €335 | = | 0.0% |
| Total equity and liabilities | 10/49 | €108,507 | €106,523 | -€1,983 | -1.8% |
| Equity | 10/15 | €25,020 | €25,136 | +€116 | +0.5% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Reserves | 13 | €21,270 | €21,270 | = | 0.0% |
| Distributable reserves | 133 | €21,270 | €21,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €116 | +€116 | |
| Amounts payable | 17/49 | €83,487 | €81,387 | -€2,100 | -2.5% |
| Amounts payable after more than one year | 17 | €57,567 | €51,026 | -€6,540 | -11.4% |
| Financial debts | 170/4 | €57,567 | €51,026 | -€6,540 | -11.4% |
| Amounts payable within one year | 42/48 | €25,920 | €30,361 | +€4,441 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €6,220 | €6,540 | +€321 | +5.2% |
| Trade debts | 44 | €3,029 | €1,712 | -€1,317 | -43.5% |
| Suppliers | 440/4 | €3,029 | €1,712 | -€1,317 | -43.5% |
| Taxes, remuneration and social security | 45 | €16,672 | €22,109 | +€5,437 | +32.6% |
| Taxes | 450/3 | €15,047 | €18,061 | +€3,014 | +20.0% |
| Remuneration and social security | 454/9 | €1,625 | €4,047 | +€2,422 | +149% |
| Other operating charges | 640/8 | €109 | €615 | +€506 | +464% |
| Gross operating margin | 9900 | €32,862 | €5,583 | -€27,279 | -83.0% |
| Operating profit (loss) | 9901 | €32,753 | €4,968 | -€27,785 | -84.8% |
| Financial income | 75/76B | €85 | €773 | +€688 | +814% |
| Recurring financial income | 75 | €85 | €773 | +€688 | +814% |
| Financial charges | 65/66B | €1,960 | €2,113 | +€153 | +7.8% |
| Recurring financial charges | 65 | €1,960 | €2,113 | +€153 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €30,878 | €3,628 | -€27,250 | -88.2% |
| Income taxes | 67/77 | €9,608 | €3,512 | -€6,096 | -63.4% |
| Profit (loss) for the period | 9904 | €21,270 | €116 | -€21,154 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,270 | €116 | -€21,154 | -99.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.