LUGINA: 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.
LUGINA
Largest movements
- Receivables within one year +€3,933
up €3,933 (+291.3%), from €1,350 to €5,283
- Cash +€3,724
new in 2025: €3,724
mainly Tax, wage and social debts (+€8,156) and Other debts (+€3,836)
- Tangible fixed assets +€3,205
new in 2025: €3,205
of which Furniture and vehicles: +€3,037
- Stocks and contracts +€224
new in 2025: €224
- Deferred charges and accrued income +€133
new in 2025: €133
- Tax, wage and social debts +€8,156
new in 2025: €8,156
of which Remuneration and social security: +€5,855
- Other debts +€3,836
up €3,836 (+1096.0%), from €350 to €4,186
- Profit (loss) carried forward -€1,715
down €1,715 (-134.9%), from -€1,272 to -€2,987
- Trade debts +€901
up €901 (+70.8%), from €1,272 to €2,172
- Gross operating margin +€17,719
up €17,719, from -€1,272 to €16,447
- Staff costs +€16,836
new in 2025: €16,836
- Other operating charges +€858
new in 2025: €858
- Financial charges +€241
new in 2025: €241
- Depreciation +€228
new in 2025: €228
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 | €1,350 | €12,569 | +€11,219 | +831.0% |
| Fixed assets | 21/28 | - | €3,205 | +€3,205 | |
| Tangible fixed assets | 22/27 | - | €3,205 | +€3,205 | |
| Plant, machinery and equipment | 23 | - | €168 | +€168 | |
| Furniture and vehicles | 24 | - | €3,037 | +€3,037 | |
| Current assets | 29/58 | €1,350 | €9,363 | +€8,013 | +593.6% |
| Stocks and contracts in progress | 3 | - | €224 | +€224 | |
| Stocks | 30/36 | - | €224 | +€224 | |
| Amounts receivable within one year | 40/41 | €1,350 | €5,283 | +€3,933 | +291.3% |
| Trade receivables | 40 | €1,350 | €5,283 | +€3,933 | +291.3% |
| Cash at bank and in hand | 54/58 | - | €3,724 | +€3,724 | |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €1,350 | €12,569 | +€11,219 | +831.0% |
| Equity | 10/15 | -€272 | -€1,987 | -€1,715 | -631.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,272 | -€2,987 | -€1,715 | -134.9% |
| Amounts payable | 17/49 | €1,622 | €14,555 | +€12,934 | +797.6% |
| Amounts payable within one year | 42/48 | €1,622 | €14,514 | +€12,892 | +795.1% |
| Trade debts | 44 | €1,272 | €2,172 | +€901 | +70.8% |
| Suppliers | 440/4 | €1,272 | €2,172 | +€901 | +70.8% |
| Taxes, remuneration and social security | 45 | - | €8,156 | +€8,156 | |
| Taxes | 450/3 | - | €2,301 | +€2,301 | |
| Remuneration and social security | 454/9 | - | €5,855 | +€5,855 | |
| Other amounts payable | 47/48 | €350 | €4,186 | +€3,836 | +1096.0% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Remuneration, social security and pensions | 62 | - | €16,836 | +€16,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €228 | +€228 | |
| Other operating charges | 640/8 | - | €858 | +€858 | |
| Gross operating margin | 9900 | -€1,272 | €16,447 | +€17,719 | |
| Operating profit (loss) | 9901 | -€1,272 | -€1,474 | -€203 | -15.9% |
| Financial charges | 65/66B | - | €241 | +€241 | |
| Recurring financial charges | 65 | - | €241 | +€241 | |
| Profit (loss) for the period before taxes | 9903 | -€1,272 | -€1,715 | -€444 | -34.9% |
| Profit (loss) for the period | 9904 | -€1,272 | -€1,715 | -€444 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,272 | -€1,715 | -€444 | -34.9% |
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 4 October 2026 via checked.be.