LULO: 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.
LULO
Largest movements
- Receivables within one year -€57,939
down €57,939 (-96.5%), from €60,027 to €2,088
of which Trade receivables: -€53,096
- Tangible fixed assets -€20,127
down €20,127 (-10.0%), from €200,826 to €180,699
of which Furniture and vehicles: -€19,004
- Cash +€7,092
up €7,092 (+52.4%), from €13,534 to €20,626
mainly Receivables within one year (+€57,939) and Depreciation (+€20,127)
- Profit (loss) carried forward -€39,468
down €39,468 (-347.1%), from -€11,371 to -€50,839
- Debts after one year -€13,806
down €13,806 (-19.8%), from €69,890 to €56,084
- Other debts -€13,153
down €13,153 (-6.8%), from €194,300 to €181,146
- Gross operating margin -€25,693
down €25,693, from €10,501 to -€15,192
- Depreciation +€2,458
up €2,458 (+13.9%), from €17,668 to €20,127
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 | €276,824 | €206,532 | -€70,292 | -25.4% |
| Fixed assets | 21/28 | €200,826 | €180,699 | -€20,127 | -10.0% |
| Tangible fixed assets | 22/27 | €200,826 | €180,699 | -€20,127 | -10.0% |
| Land and buildings | 22 | €125,724 | €125,457 | -€267 | -0.2% |
| Plant, machinery and equipment | 23 | €856 | €0 | -€856 | -100.0% |
| Furniture and vehicles | 24 | €74,245 | €55,242 | -€19,004 | -25.6% |
| Current assets | 29/58 | €75,998 | €25,833 | -€50,165 | -66.0% |
| Amounts receivable within one year | 40/41 | €60,027 | €2,088 | -€57,939 | -96.5% |
| Trade receivables | 40 | €54,599 | €1,503 | -€53,096 | -97.2% |
| Other amounts receivable | 41 | €5,428 | €585 | -€4,843 | -89.2% |
| Cash at bank and in hand | 54/58 | €13,534 | €20,626 | +€7,092 | +52.4% |
| Deferred charges and accrued income | 490/1 | €2,438 | €3,119 | +€682 | +28.0% |
| Total equity and liabilities | 10/49 | €276,824 | €206,532 | -€70,292 | -25.4% |
| Equity | 10/15 | -€6,371 | -€45,839 | -€39,468 | -619.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,371 | -€50,839 | -€39,468 | -347.1% |
| Amounts payable | 17/49 | €283,195 | €252,371 | -€30,824 | -10.9% |
| Amounts payable after more than one year | 17 | €69,890 | €56,084 | -€13,806 | -19.8% |
| Financial debts | 170/4 | €69,890 | €56,084 | -€13,806 | -19.8% |
| Amounts payable within one year | 42/48 | €212,882 | €196,287 | -€16,595 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €13,604 | €13,806 | +€203 | +1.5% |
| Trade debts | 44 | €1,032 | €140 | -€892 | -86.5% |
| Suppliers | 440/4 | €1,032 | €140 | -€892 | -86.5% |
| Taxes, remuneration and social security | 45 | €3,947 | €1,195 | -€2,753 | -69.7% |
| Taxes | 450/3 | €1,697 | €1,195 | -€503 | -29.6% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100.0% |
| Other amounts payable | 47/48 | €194,300 | €181,146 | -€13,153 | -6.8% |
| Accrued charges and deferred income | 492/3 | €423 | €0 | -€423 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,668 | €20,127 | +€2,458 | +13.9% |
| Other operating charges | 640/8 | €2,118 | €2,121 | +€3 | +0.1% |
| Gross operating margin | 9900 | €10,501 | -€15,192 | -€25,693 | |
| Operating profit (loss) | 9901 | -€9,286 | -€37,439 | -€28,154 | -303.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,436 | €1,438 | +€1 | +0.1% |
| Recurring financial charges | 65 | €1,436 | €1,438 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,722 | -€38,877 | -€28,155 | -262.6% |
| Income taxes | 67/77 | €649 | €590 | -€59 | -9.0% |
| Profit (loss) for the period | 9904 | -€11,371 | -€39,468 | -€28,097 | -247.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,371 | -€39,468 | -€28,097 | -247.1% |
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 11 October 2026 via checked.be.