LUGNOS: 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.
LUGNOS
Largest movements
- Cash +€235,115
up €235,115 (+97.2%), from €241,775 to €476,891
mainly Receivables within one year (+€133,559) and Stocks and contracts (+€40,988)
- Receivables within one year -€133,559
down €133,559 (-76.3%), from €175,057 to €41,497
of which Trade receivables: -€125,479
- Stocks and contracts -€40,988
down €40,988 (-4.1%), from €1.0m to €962,460
- Tangible fixed assets -€16,395
down €16,395 (-30.6%), from €53,545 to €37,151
of which Furniture and vehicles: -€11,290
- Trade debts +€36,856
up €36,856 (+2.9%), from €1.3m to €1.3m
- Gross operating margin -€28,088
down €28,088 (-22.0%), from €127,801 to €99,713
- Staff costs -€20,204
down €20,204 (-22.5%), from €89,630 to €69,426
- Taxes -€4,905
down €4,905 (-58.0%), from €8,460 to €3,555
- Other operating charges -€3,173
down €3,173 (-64.0%), from €4,958 to €1,785
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 | €1,482,969 | €1,526,917 | +€43,948 | +3.0% |
| Fixed assets | 21/28 | €58,179 | €41,784 | -€16,395 | -28.2% |
| Tangible fixed assets | 22/27 | €53,545 | €37,151 | -€16,395 | -30.6% |
| Land and buildings | 22 | €314 | - | -€314 | |
| Plant, machinery and equipment | 23 | €8,006 | €7,708 | -€299 | -3.7% |
| Furniture and vehicles | 24 | €21,645 | €10,355 | -€11,290 | -52.2% |
| Other tangible fixed assets | 26 | €23,581 | €19,088 | -€4,493 | -19.1% |
| Financial fixed assets | 28 | €4,633 | €4,633 | = | 0.0% |
| Current assets | 29/58 | €1,424,790 | €1,485,133 | +€60,343 | +4.2% |
| Stocks and contracts in progress | 3 | €1,003,448 | €962,460 | -€40,988 | -4.1% |
| Stocks | 30/36 | €1,003,448 | €962,460 | -€40,988 | -4.1% |
| Amounts receivable within one year | 40/41 | €175,057 | €41,497 | -€133,559 | -76.3% |
| Trade receivables | 40 | €160,022 | €34,543 | -€125,479 | -78.4% |
| Other amounts receivable | 41 | €15,034 | €6,954 | -€8,080 | -53.7% |
| Cash at bank and in hand | 54/58 | €241,775 | €476,891 | +€235,115 | +97.2% |
| Deferred charges and accrued income | 490/1 | €4,511 | €4,285 | -€226 | -5.0% |
| Total equity and liabilities | 10/49 | €1,482,969 | €1,526,917 | +€43,948 | +3.0% |
| Equity | 10/15 | €161,366 | €166,283 | +€4,916 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €4,864 | €4,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,864 | €2,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,503 | €141,419 | +€4,916 | +3.6% |
| Amounts payable | 17/49 | €1,321,602 | €1,360,634 | +€39,032 | +3.0% |
| Amounts payable within one year | 42/48 | €1,321,602 | €1,360,634 | +€39,032 | +3.0% |
| Trade debts | 44 | €1,276,807 | €1,313,663 | +€36,856 | +2.9% |
| Suppliers | 440/4 | €1,276,807 | €1,313,663 | +€36,856 | +2.9% |
| Taxes, remuneration and social security | 45 | €44,795 | €46,971 | +€2,176 | +4.9% |
| Taxes | 450/3 | €5,127 | €3,555 | -€1,572 | -30.7% |
| Remuneration and social security | 454/9 | €39,668 | €43,416 | +€3,748 | +9.4% |
| Remuneration, social security and pensions | 62 | €89,630 | €69,426 | -€20,204 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,184 | €19,891 | -€293 | -1.5% |
| Other operating charges | 640/8 | €4,958 | €1,785 | -€3,173 | -64.0% |
| Gross operating margin | 9900 | €127,801 | €99,713 | -€28,088 | -22.0% |
| Operating profit (loss) | 9901 | €13,029 | €8,612 | -€4,417 | -33.9% |
| Financial income | 75/76B | €3 | €6 | +€3 | +106.9% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +106.9% |
| Financial charges | 65/66B | €63 | €147 | +€84 | +133.6% |
| Recurring financial charges | 65 | €63 | €147 | +€84 | +133.6% |
| Profit (loss) for the period before taxes | 9903 | €12,969 | €8,471 | -€4,498 | -34.7% |
| Income taxes | 67/77 | €8,460 | €3,555 | -€4,905 | -58.0% |
| Profit (loss) for the period | 9904 | €4,509 | €4,916 | +€407 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,509 | €4,916 | +€407 | +9.0% |
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 7 October 2026 via checked.be.