LUIGIBOATS: 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.
LUIGIBOATS
Largest movements
- Tangible fixed assets -€343,235
down €343,235 (-64.6%), from €530,942 to €187,707
of which Land and buildings: -€397,415
- Stocks and contracts +€33,634
up €33,634 (+25.5%), from €131,794 to €165,428
- Receivables within one year +€20,216
up €20,216 (+103%), from €19,715 to €39,932
of which Trade receivables: +€11,438
- Debts after one year -€345,826
down €345,826 (-91.5%), from €378,017 to €32,191
- Trade debts +€49,722
up €49,722 (+164%), from €30,264 to €79,986
- Other debts +€30,682
up €30,682 (+98.9%), from €31,012 to €61,693
- Current portion of long-term debt -€26,139
down €26,139 (-62.4%), from €41,892 to €15,752
- Reserves +€10,198
up €10,198 (+18.1%), from €56,362 to €66,559
- Gross operating margin -€66,771
down €66,771 (-51.2%), from €130,440 to €63,669
- Staff costs -€32,411
no longer reported in 2025 (was €32,411)
- Depreciation -€14,112
down €14,112 (-31.6%), from €44,645 to €30,533
- Financial charges -€5,982
down €5,982 (-24.7%), from €24,181 to €18,199
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.
Derived cash bridge
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 | €690,882 | €402,664 | -€288,218 | -41.7% |
| Fixed assets | 21/28 | €530,942 | €187,707 | -€343,235 | -64.6% |
| Tangible fixed assets | 22/27 | €530,942 | €187,707 | -€343,235 | -64.6% |
| Land and buildings | 22 | €397,415 | - | -€397,415 | |
| Plant, machinery and equipment | 23 | €38,458 | €115,810 | +€77,352 | +201% |
| Furniture and vehicles | 24 | €7,858 | €2,730 | -€5,128 | -65.3% |
| Leasing and similar rights | 25 | €87,210 | €69,167 | -€18,044 | -20.7% |
| Current assets | 29/58 | €159,940 | €214,957 | +€55,017 | +34.4% |
| Stocks and contracts in progress | 3 | €131,794 | €165,428 | +€33,634 | +25.5% |
| Stocks | 30/36 | €131,794 | €165,428 | +€33,634 | +25.5% |
| Amounts receivable within one year | 40/41 | €19,715 | €39,932 | +€20,216 | +103% |
| Trade receivables | 40 | €18,512 | €29,951 | +€11,438 | +61.8% |
| Other amounts receivable | 41 | €1,203 | €9,981 | +€8,778 | +730% |
| Cash at bank and in hand | 54/58 | €2,189 | €7,851 | +€5,662 | +259% |
| Deferred charges and accrued income | 490/1 | €6,241 | €1,746 | -€4,495 | -72.0% |
| Total equity and liabilities | 10/49 | €690,882 | €402,664 | -€288,218 | -41.7% |
| Equity | 10/15 | €96,362 | €106,559 | +€10,198 | +10.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €56,362 | €66,559 | +€10,198 | +18.1% |
| Distributable reserves | 133 | €56,362 | €66,559 | +€10,198 | +18.1% |
| Amounts payable | 17/49 | €594,520 | €296,104 | -€298,416 | -50.2% |
| Amounts payable after more than one year | 17 | €378,017 | €32,191 | -€345,826 | -91.5% |
| Financial debts | 170/4 | €378,017 | €32,191 | -€345,826 | -91.5% |
| Amounts payable within one year | 42/48 | €216,503 | €263,913 | +€47,410 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €41,892 | €15,752 | -€26,139 | -62.4% |
| Financial debts | 43 | €100,000 | €100,250 | +€250 | +0.3% |
| Credit institutions | 430/8 | €100,000 | €100,250 | +€250 | +0.3% |
| Trade debts | 44 | €30,264 | €79,986 | +€49,722 | +164% |
| Suppliers | 440/4 | €30,264 | €79,986 | +€49,722 | +164% |
| Taxes, remuneration and social security | 45 | €13,335 | €6,231 | -€7,105 | -53.3% |
| Taxes | 450/3 | €11,170 | €4,066 | -€7,105 | -63.6% |
| Remuneration and social security | 454/9 | €2,165 | €2,165 | = | 0.0% |
| Other amounts payable | 47/48 | €31,012 | €61,693 | +€30,682 | +98.9% |
| Non-recurring operating income | 76A | - | €71,611 | +€71,611 | |
| Remuneration, social security and pensions | 62 | €32,411 | - | -€32,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,645 | €30,533 | -€14,112 | -31.6% |
| Other operating charges | 640/8 | €2,717 | €2,656 | -€60 | -2.2% |
| Non-recurring operating charges | 66A | €17,947 | - | -€17,947 | |
| Gross operating margin | 9900 | €130,440 | €63,669 | -€66,771 | -51.2% |
| Operating profit (loss) | 9901 | €32,720 | €30,479 | -€2,240 | -6.8% |
| Financial income | 75/76B | €225 | €569 | +€344 | +153% |
| Recurring financial income | 75 | €225 | €569 | +€344 | +153% |
| Financial charges | 65/66B | €24,181 | €18,199 | -€5,982 | -24.7% |
| Recurring financial charges | 65 | €24,181 | €18,199 | -€5,982 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €8,764 | €12,849 | +€4,085 | +46.6% |
| Income taxes | 67/77 | €1,923 | €2,651 | +€728 | +37.9% |
| Profit (loss) for the period | 9904 | €6,841 | €10,198 | +€3,357 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,841 | €10,198 | +€3,357 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.