LUISETH: 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.
LUISETH
Largest movements
- Tangible fixed assets -€230,407
down €230,407 (-94.7%), from €243,373 to €12,965
of which Land and buildings: -€240,279
- Cash +€161,970
up €161,970 (+134.7%), from €120,252 to €282,222
mainly Investment in fixed assets (net) (+€229,138) and Net result for the year (+€79,114)
- Current investments +€46,997
new in 2025: €46,997
- Receivables within one year -€15,125
no longer reported in 2025 (was €15,125)
- Reserves +€79,114
up €79,114 (+36.7%), from €215,402 to €294,516
- Debts after one year -€61,134
no longer reported in 2025 (was €61,134)
- Advances received -€26,000
no longer reported in 2025 (was €26,000)
- Other debts -€18,878
down €18,878 (-78.1%), from €24,176 to €5,298
- Short-term financial debts -€10,537
no longer reported in 2025 (was €10,537)
- Gross operating margin +€14,710
up €14,710 (+13.6%), from €108,157 to €122,867
- Taxes +€5,357
up €5,357 (+15.4%), from €34,678 to €40,035
- Financial charges -€1,529
down €1,529 (-50.5%), from €3,026 to €1,497
of which Financial charges: -€2,856
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 | €378,749 | €342,184 | -€36,565 | -9.7% |
| Fixed assets | 21/28 | €243,373 | €12,965 | -€230,407 | -94.7% |
| Tangible fixed assets | 22/27 | €243,373 | €12,965 | -€230,407 | -94.7% |
| Land and buildings | 22 | €240,279 | - | -€240,279 | |
| Furniture and vehicles | 24 | €3,094 | €9,082 | +€5,989 | +193.6% |
| Other tangible fixed assets | 26 | - | €3,883 | +€3,883 | |
| Current assets | 29/58 | €135,377 | €329,219 | +€193,842 | +143.2% |
| Amounts receivable within one year | 40/41 | €15,125 | - | -€15,125 | |
| Trade receivables | 40 | €15,125 | - | -€15,125 | |
| Current investments | 50/53 | - | €46,997 | +€46,997 | |
| Cash at bank and in hand | 54/58 | €120,252 | €282,222 | +€161,970 | +134.7% |
| Total equity and liabilities | 10/49 | €378,749 | €342,184 | -€36,565 | -9.7% |
| Equity | 10/15 | €234,002 | €313,116 | +€79,114 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,402 | €294,516 | +€79,114 | +36.7% |
| Distributable reserves | 133 | €215,402 | €294,516 | +€79,114 | +36.7% |
| Amounts payable | 17/49 | €144,747 | €29,068 | -€115,679 | -79.9% |
| Amounts payable after more than one year | 17 | €61,134 | - | -€61,134 | |
| Financial debts | 170/4 | €61,134 | - | -€61,134 | |
| Amounts payable within one year | 42/48 | €83,613 | €29,068 | -€54,545 | -65.2% |
| Financial debts | 43 | €10,537 | - | -€10,537 | |
| Credit institutions | 430/8 | €10,537 | - | -€10,537 | |
| Trade debts | 44 | €959 | €2,182 | +€1,224 | +127.6% |
| Suppliers | 440/4 | €959 | €2,182 | +€1,224 | +127.6% |
| Advances received on contracts in progress | 46 | €26,000 | - | -€26,000 | |
| Taxes, remuneration and social security | 45 | €21,942 | €21,588 | -€354 | -1.6% |
| Taxes | 450/3 | €20,487 | €20,125 | -€362 | -1.8% |
| Remuneration and social security | 454/9 | €1,455 | €1,462 | +€7 | +0.5% |
| Other amounts payable | 47/48 | €24,176 | €5,298 | -€18,878 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,270 | +€220 | +20.9% |
| Other operating charges | 640/8 | €1,772 | €952 | -€820 | -46.3% |
| Gross operating margin | 9900 | €108,157 | €122,867 | +€14,710 | +13.6% |
| Operating profit (loss) | 9901 | €105,334 | €120,645 | +€15,311 | +14.5% |
| Financial income | 75/76B | €0 | €2 | +€1 | +320.5% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +320.5% |
| Financial charges | 65/66B | €3,026 | €1,497 | -€1,529 | -50.5% |
| Recurring financial charges | 65 | €3,026 | €171 | -€2,856 | -94.4% |
| Non-recurring financial charges | 66B | - | €1,326 | +€1,326 | |
| Profit (loss) for the period before taxes | 9903 | €102,308 | €119,150 | +€16,841 | +16.5% |
| Income taxes | 67/77 | €34,678 | €40,035 | +€5,357 | +15.4% |
| Profit (loss) for the period | 9904 | €67,630 | €79,114 | +€11,484 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,630 | €79,114 | +€11,484 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.