LUGMED: 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.
LUGMED
Largest movements
- Cash +€18,509
up €18,509 (+38.2%), from €48,493 to €67,002
mainly Net result for the year (+€15,433) and Depreciation (+€7,564)
- Tangible fixed assets -€8,897
down €8,897 (-18.4%), from €48,228 to €39,331
of which Other tangible fixed assets: -€4,930
- Receivables within one year +€3,779
up €3,779 (+181%), from €2,087 to €5,866
- Profit (loss) carried forward +€15,433
up €15,433 (+26.3%), from €58,597 to €74,030
- Debts after one year -€8,219
down €8,219 (-30.5%), from €26,982 to €18,763
- Tax, wage and social debts +€6,177
up €6,177 (+191%), from €3,229 to €9,406
- Gross operating margin -€20,438
down €20,438 (-20.0%), from €102,331 to €81,893
- Staff costs -€15,292
down €15,292 (-24.4%), from €62,697 to €47,405
- Taxes +€5,785
up €5,785 (+118%), from €4,891 to €10,676
- Depreciation -€1,334
down €1,334 (-15.0%), from €8,898 to €7,564
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 | €98,808 | €112,199 | +€13,391 | +13.6% |
| Fixed assets | 21/28 | €48,228 | €39,331 | -€8,897 | -18.4% |
| Tangible fixed assets | 22/27 | €48,228 | €39,331 | -€8,897 | -18.4% |
| Plant, machinery and equipment | 23 | €5,360 | €2,996 | -€2,364 | -44.1% |
| Furniture and vehicles | 24 | €1,603 | - | -€1,603 | |
| Other tangible fixed assets | 26 | €41,265 | €36,335 | -€4,930 | -11.9% |
| Current assets | 29/58 | €50,580 | €72,868 | +€22,288 | +44.1% |
| Amounts receivable within one year | 40/41 | €2,087 | €5,866 | +€3,779 | +181% |
| Other amounts receivable | 41 | €2,087 | €5,866 | +€3,779 | +181% |
| Cash at bank and in hand | 54/58 | €48,493 | €67,002 | +€18,509 | +38.2% |
| Total equity and liabilities | 10/49 | €98,808 | €112,199 | +€13,391 | +13.6% |
| Equity | 10/15 | €68,597 | €84,030 | +€15,433 | +22.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,597 | €74,030 | +€15,433 | +26.3% |
| Amounts payable | 17/49 | €30,211 | €28,169 | -€2,042 | -6.8% |
| Amounts payable after more than one year | 17 | €26,982 | €18,763 | -€8,219 | -30.5% |
| Financial debts | 170/4 | €26,982 | €18,763 | -€8,219 | -30.5% |
| Amounts payable within one year | 42/48 | €3,229 | €9,406 | +€6,177 | +191% |
| Taxes, remuneration and social security | 45 | €3,229 | €9,406 | +€6,177 | +191% |
| Remuneration and social security | 454/9 | €3,229 | €9,406 | +€6,177 | +191% |
| Remuneration, social security and pensions | 62 | €62,697 | €47,405 | -€15,292 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,898 | €7,564 | -€1,334 | -15.0% |
| Other operating charges | 640/8 | €669 | €542 | -€127 | -19.0% |
| Non-recurring operating charges | 66A | €55 | €265 | +€210 | +382% |
| Gross operating margin | 9900 | €102,331 | €81,893 | -€20,438 | -20.0% |
| Operating profit (loss) | 9901 | €30,012 | €26,117 | -€3,895 | -13.0% |
| Financial income | 75/76B | €48 | €46 | -€2 | -4.2% |
| Recurring financial income | 75 | €48 | €46 | -€2 | -4.2% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €30,006 | €26,109 | -€3,897 | -13.0% |
| Income taxes | 67/77 | €4,891 | €10,676 | +€5,785 | +118% |
| Profit (loss) for the period | 9904 | €25,115 | €15,433 | -€9,682 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,115 | €15,433 | -€9,682 | -38.6% |
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 17 October 2026 via checked.be.