LULANO: 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.
LULANO
Largest movements
- Tangible fixed assets -€9,235
down €9,235 (-4.0%), from €233,034 to €223,799
of which Land and buildings: -€8,757
- Other debts -€88,217
down €88,217 (-98.4%), from €89,616 to €1,399
- Debts after one year +€74,636
up €74,636 (+86.5%), from €86,310 to €160,947
of which Other amounts payable: +€87,092
- Current portion of long-term debt +€4,118
up €4,118 (+49.4%), from €8,337 to €12,455
- Profit (loss) carried forward +€3,850
up €3,850 (+4.8%), from -€80,590 to -€76,740
- Depreciation +€6,489
up €6,489 (+236.4%), from €2,745 to €9,235
- Financial income +€3,984
up €3,984 (+25296.8%), from €16 to €4,000
- Gross operating margin +€1,120
up €1,120 (+8.0%), from €13,998 to €15,118
- Other operating charges -€364
down €364 (-16.4%), from €2,219 to €1,855
- Financial charges +€336
up €336 (+8.8%), from €3,841 to €4,178
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 | €334,849 | €329,970 | -€4,879 | -1.5% |
| Fixed assets | 21/28 | €233,034 | €223,799 | -€9,235 | -4.0% |
| Tangible fixed assets | 22/27 | €233,034 | €223,799 | -€9,235 | -4.0% |
| Land and buildings | 22 | €232,487 | €223,730 | -€8,757 | -3.8% |
| Plant, machinery and equipment | 23 | €547 | €69 | -€478 | -87.4% |
| Current assets | 29/58 | €101,815 | €106,170 | +€4,355 | +4.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €963 | €4,000 | +€3,037 | +315.4% |
| Trade receivables | 40 | €667 | €4,000 | +€3,333 | +499.7% |
| Other amounts receivable | 41 | €296 | €0 | -€296 | -100.0% |
| Cash at bank and in hand | 54/58 | €852 | €2,170 | +€1,318 | +154.7% |
| Total equity and liabilities | 10/49 | €334,849 | €329,970 | -€4,879 | -1.5% |
| Equity | 10/15 | €149,918 | €153,768 | +€3,850 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €192,369 | €192,369 | = | 0.0% |
| Reserves | 13 | €19,547 | €19,547 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €17,688 | €17,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,590 | -€76,740 | +€3,850 | +4.8% |
| Amounts payable | 17/49 | €184,931 | €176,201 | -€8,729 | -4.7% |
| Amounts payable after more than one year | 17 | €86,310 | €160,947 | +€74,636 | +86.5% |
| Financial debts | 170/4 | €86,310 | €73,855 | -€12,455 | -14.4% |
| Other amounts payable | 178/9 | - | €87,092 | +€87,092 | |
| Amounts payable within one year | 42/48 | €98,620 | €13,855 | -€84,766 | -86.0% |
| Current portion of amounts payable after more than one year | 42 | €8,337 | €12,455 | +€4,118 | +49.4% |
| Trade debts | 44 | €667 | €0 | -€667 | -100.0% |
| Suppliers | 440/4 | €667 | €0 | -€667 | -100.0% |
| Other amounts payable | 47/48 | €89,616 | €1,399 | -€88,217 | -98.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €9,235 | +€6,489 | +236.4% |
| Other operating charges | 640/8 | €2,219 | €1,855 | -€364 | -16.4% |
| Non-recurring operating charges | 66A | €8,898 | €0 | -€8,898 | -100.0% |
| Gross operating margin | 9900 | €13,998 | €15,118 | +€1,120 | +8.0% |
| Operating profit (loss) | 9901 | €135 | €4,028 | +€3,893 | +2881.6% |
| Financial income | 75/76B | €16 | €4,000 | +€3,984 | +25296.8% |
| Recurring financial income | 75 | €16 | €4,000 | +€3,984 | +25296.8% |
| Financial charges | 65/66B | €3,841 | €4,178 | +€336 | +8.8% |
| Recurring financial charges | 65 | €3,841 | €4,178 | +€336 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,690 | €3,850 | +€7,541 | |
| Profit (loss) for the period | 9904 | -€3,690 | €3,850 | +€7,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,690 | €3,850 | +€7,541 |
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 6 October 2026 via checked.be.