LUGI: 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.
LUGI
Largest movements
- Tangible fixed assets -€28,642
down €28,642 (-15.8%), from €181,679 to €153,037
of which Land and buildings: -€17,624
- Receivables within one year +€21,503
up €21,503 (+190.8%), from €11,272 to €32,775
- Deferred charges and accrued income +€2,732
new in 2025: €2,732
- Cash +€2,085
up €2,085 (+40.0%), from €5,216 to €7,301
mainly Depreciation (+€30,505) and Tax, wage and social debts (+€2,604)
- Revaluation surpluses -€16,773
down €16,773 (-13.1%), from €127,734 to €110,961
- Reserves +€16,773
up €16,773 (+4.2%), from €397,761 to €414,534
of which Distributable reserves: +€16,773
- Profit (loss) carried forward -€5,036
down €5,036 (-1.4%), from -€347,853 to -€352,889
- Tax, wage and social debts +€2,604
up €2,604 (+1117.6%), from €233 to €2,837
- Taxes -€7,244
down €7,244 (-71.9%), from €10,081 to €2,837
- Gross operating margin +€1,574
up €1,574 (+5.3%), from €29,619 to €31,193
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 | €198,167 | €195,845 | -€2,322 | -1.2% |
| Fixed assets | 21/28 | €181,679 | €153,037 | -€28,642 | -15.8% |
| Tangible fixed assets | 22/27 | €181,679 | €153,037 | -€28,642 | -15.8% |
| Land and buildings | 22 | €150,363 | €132,739 | -€17,624 | -11.7% |
| Plant, machinery and equipment | 23 | €454 | €218 | -€236 | -52.0% |
| Furniture and vehicles | 24 | €30,862 | €20,080 | -€10,782 | -34.9% |
| Current assets | 29/58 | €16,488 | €42,808 | +€26,320 | +159.6% |
| Amounts receivable within one year | 40/41 | €11,272 | €32,775 | +€21,503 | +190.8% |
| Other amounts receivable | 41 | €11,272 | €32,775 | +€21,503 | +190.8% |
| Cash at bank and in hand | 54/58 | €5,216 | €7,301 | +€2,085 | +40.0% |
| Deferred charges and accrued income | 490/1 | - | €2,732 | +€2,732 | |
| Total equity and liabilities | 10/49 | €198,167 | €195,845 | -€2,322 | -1.2% |
| Equity | 10/15 | €196,234 | €191,198 | -€5,036 | -2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €127,734 | €110,961 | -€16,773 | -13.1% |
| Reserves | 13 | €397,761 | €414,534 | +€16,773 | +4.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €394,910 | €411,683 | +€16,773 | +4.2% |
| Profit (loss) carried forward | 14 | -€347,853 | -€352,889 | -€5,036 | -1.4% |
| Amounts payable | 17/49 | €1,933 | €4,647 | +€2,714 | +140.4% |
| Amounts payable within one year | 42/48 | €233 | €2,837 | +€2,604 | +1117.6% |
| Taxes, remuneration and social security | 45 | €233 | €2,837 | +€2,604 | +1117.6% |
| Taxes | 450/3 | €233 | €2,837 | +€2,604 | +1117.6% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,810 | +€110 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,447 | €30,505 | +€58 | +0.2% |
| Other operating charges | 640/8 | €2,543 | €2,842 | +€299 | +11.8% |
| Gross operating margin | 9900 | €29,619 | €31,193 | +€1,574 | +5.3% |
| Operating profit (loss) | 9901 | -€3,371 | -€2,154 | +€1,217 | +36.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,416 | -€2,199 | +€1,217 | +35.6% |
| Income taxes | 67/77 | €10,081 | €2,837 | -€7,244 | -71.9% |
| Profit (loss) for the period | 9904 | -€13,497 | -€5,036 | +€8,461 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,497 | -€5,036 | +€8,461 | +62.7% |
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 5 October 2026 via checked.be.