LUGOS: 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.
LUGOS
Largest movements
- Stocks and contracts +€136,539
up €136,539 (+13.5%), from €1.0m to €1.1m
- Cash -€15,654
down €15,654 (-71.1%), from €22,003 to €6,349
mainly Stocks and contracts (-€136,539) and Trade debts (-€27,529)
- Debts after one year +€90,555
up €90,555 (+8.7%), from €1.0m to €1.1m
- Other debts +€60,198
up €60,198 (+62.4%), from €96,404 to €156,602
- Trade debts -€27,529
down €27,529 (-91.4%), from €30,131 to €2,602
- Turnover -€4,415
down €4,415 (-29.8%), from €14,831 to €10,416
- Purchases and services -€3,762
down €3,762 (-35.6%), from €10,581 to €6,819
- Financial charges -€1,252
down €1,252 (-45.3%), from €2,764 to €1,511
- Gross operating margin -€581
down €581 (-9.0%), from €6,442 to €5,861
- Other operating charges -€302
down €302 (-41.3%), from €731 to €429
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 | €1,158,920 | €1,275,410 | +€116,490 | +10.1% |
| Fixed assets | 21/28 | €22,444 | €18,840 | -€3,604 | -16.1% |
| Tangible fixed assets | 22/27 | €22,444 | €18,840 | -€3,604 | -16.1% |
| Plant, machinery and equipment | 23 | €22,444 | €18,840 | -€3,604 | -16.1% |
| Current assets | 29/58 | €1,136,476 | €1,256,570 | +€120,094 | +10.6% |
| Stocks and contracts in progress | 3 | €1,010,812 | €1,147,350 | +€136,539 | +13.5% |
| Stocks | 30/36 | €1,010,812 | €1,147,350 | +€136,539 | +13.5% |
| Amounts receivable within one year | 40/41 | €100,004 | €100,004 | = | 0.0% |
| Other amounts receivable | 41 | €100,004 | €100,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,003 | €6,349 | -€15,654 | -71.1% |
| Deferred charges and accrued income | 490/1 | €3,657 | €2,866 | -€791 | -21.6% |
| Total equity and liabilities | 10/49 | €1,158,920 | €1,275,410 | +€116,490 | +10.1% |
| Equity | 10/15 | -€22,322 | -€22,340 | -€18 | -0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,322 | -€44,340 | -€18 | 0.0% |
| Amounts payable | 17/49 | €1,181,242 | €1,297,749 | +€116,507 | +9.9% |
| Amounts payable after more than one year | 17 | €1,039,445 | €1,130,000 | +€90,555 | +8.7% |
| Financial debts | 170/4 | €1,039,445 | €1,130,000 | +€90,555 | +8.7% |
| Amounts payable within one year | 42/48 | €141,797 | €167,749 | +€25,952 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €8,611 | €7,056 | -€1,555 | -18.1% |
| Trade debts | 44 | €30,131 | €2,602 | -€27,529 | -91.4% |
| Suppliers | 440/4 | €30,131 | €2,602 | -€27,529 | -91.4% |
| Taxes, remuneration and social security | 45 | €6,650 | €1,489 | -€5,161 | -77.6% |
| Taxes | 450/3 | €6,650 | €1,489 | -€5,161 | -77.6% |
| Other amounts payable | 47/48 | €96,404 | €156,602 | +€60,198 | +62.4% |
| Turnover | 70 | €14,831 | €10,416 | -€4,415 | -29.8% |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,581 | €6,819 | -€3,762 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,954 | €3,988 | +€34 | +0.9% |
| Other operating charges | 640/8 | €731 | €429 | -€302 | -41.3% |
| Gross operating margin | 9900 | €6,442 | €5,861 | -€581 | -9.0% |
| Operating profit (loss) | 9901 | €1,757 | €1,444 | -€313 | -17.8% |
| Financial income | 75/76B | €25 | €60 | +€35 | +136.5% |
| Recurring financial income | 75 | €25 | €60 | +€35 | +136.5% |
| Financial charges | 65/66B | €2,764 | €1,511 | -€1,252 | -45.3% |
| Recurring financial charges | 65 | €2,764 | €1,511 | -€1,252 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€981 | -€7 | +€974 | +99.2% |
| Income taxes | 67/77 | €75 | €10 | -€65 | -86.4% |
| Profit (loss) for the period | 9904 | -€1,056 | -€18 | +€1,039 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | -€18 | +€1,039 | +98.3% |
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 3 October 2026 via checked.be.