LUIS B: 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.
LUIS B
Largest movements
- Receivables within one year +€90,351
up €90,351 (+52.4%), from €172,495 to €262,846
of which Trade receivables: +€105,667
- Deferred charges and accrued income +€38,288
new in 2025: €38,288
- Cash -€11,979
down €11,979 (-62.5%), from €19,155 to €7,175
mainly Receivables within one year (-€90,351) and Deferred charges and accrued income (-€38,288)
- Tangible fixed assets -€10,854
down €10,854 (-36.6%), from €29,672 to €18,818
of which Furniture and vehicles: -€11,775
- Stocks and contracts +€5,310
up €5,310 (+24.1%), from €22,002 to €27,312
- Trade debts +€81,121
up €81,121 (+259.3%), from €31,287 to €112,407
- Other debts +€13,561
up €13,561 (+120.6%), from €11,245 to €24,806
- Profit (loss) carried forward +€8,190
up €8,190 (+10.2%), from €80,430 to €88,620
- Tax, wage and social debts +€5,287
up €5,287 (+4.4%), from €118,963 to €124,250
of which Remuneration and social security: +€21,460
- Staff costs +€114,251
up €114,251 (+80.5%), from €141,875 to €256,126
- Gross operating margin +€96,328
up €96,328 (+47.8%), from €201,405 to €297,733
- Write-downs -€19,434
down €19,434, from €18,334 to -€1,099
- Financial charges +€5,352
up €5,352 (+112.4%), from €4,762 to €10,114
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 | €244,924 | €356,039 | +€111,115 | +45.4% |
| Fixed assets | 21/28 | €31,272 | €20,418 | -€10,854 | -34.7% |
| Tangible fixed assets | 22/27 | €29,672 | €18,818 | -€10,854 | -36.6% |
| Furniture and vehicles | 24 | €29,672 | €17,897 | -€11,775 | -39.7% |
| Other tangible fixed assets | 26 | - | €921 | +€921 | |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €213,652 | €335,621 | +€121,969 | +57.1% |
| Stocks and contracts in progress | 3 | €22,002 | €27,312 | +€5,310 | +24.1% |
| Stocks | 30/36 | €22,002 | €27,312 | +€5,310 | +24.1% |
| Amounts receivable within one year | 40/41 | €172,495 | €262,846 | +€90,351 | +52.4% |
| Trade receivables | 40 | €153,097 | €258,764 | +€105,667 | +69.0% |
| Other amounts receivable | 41 | €19,398 | €4,082 | -€15,316 | -79.0% |
| Cash at bank and in hand | 54/58 | €19,155 | €7,175 | -€11,979 | -62.5% |
| Deferred charges and accrued income | 490/1 | - | €38,288 | +€38,288 | |
| Total equity and liabilities | 10/49 | €244,924 | €356,039 | +€111,115 | +45.4% |
| Equity | 10/15 | €83,430 | €91,620 | +€8,190 | +9.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,430 | €88,620 | +€8,190 | +10.2% |
| Amounts payable | 17/49 | €161,495 | €264,420 | +€102,925 | +63.7% |
| Amounts payable within one year | 42/48 | €161,495 | €261,463 | +€99,968 | +61.9% |
| Trade debts | 44 | €31,287 | €112,407 | +€81,121 | +259.3% |
| Suppliers | 440/4 | €31,287 | €112,407 | +€81,121 | +259.3% |
| Taxes, remuneration and social security | 45 | €118,963 | €124,250 | +€5,287 | +4.4% |
| Taxes | 450/3 | €38,080 | €21,907 | -€16,173 | -42.5% |
| Remuneration and social security | 454/9 | €80,882 | €102,342 | +€21,460 | +26.5% |
| Other amounts payable | 47/48 | €11,245 | €24,806 | +€13,561 | +120.6% |
| Accrued charges and deferred income | 492/3 | - | €2,957 | +€2,957 | |
| Remuneration, social security and pensions | 62 | €141,875 | €256,126 | +€114,251 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,053 | €16,510 | +€457 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,334 | -€1,099 | -€19,434 | |
| Other operating charges | 640/8 | €2,135 | €1,897 | -€238 | -11.2% |
| Gross operating margin | 9900 | €201,405 | €297,733 | +€96,328 | +47.8% |
| Operating profit (loss) | 9901 | €23,008 | €24,300 | +€1,291 | +5.6% |
| Financial income | 75/76B | €111 | €46 | -€64 | -58.2% |
| Recurring financial income | 75 | €111 | €46 | -€64 | -58.2% |
| Financial charges | 65/66B | €4,762 | €10,114 | +€5,352 | +112.4% |
| Recurring financial charges | 65 | €4,762 | €10,114 | +€5,352 | +112.4% |
| Profit (loss) for the period before taxes | 9903 | €18,357 | €14,232 | -€4,125 | -22.5% |
| Income taxes | 67/77 | €4,577 | €6,042 | +€1,465 | +32.0% |
| Profit (loss) for the period | 9904 | €13,780 | €8,190 | -€5,590 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,780 | €8,190 | -€5,590 | -40.6% |
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 2 October 2026 via checked.be.