LUNG: 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.
LUNG
Largest movements
- Cash -€16,437
down €16,437 (-11.5%), from €142,858 to €126,421
mainly Net result for the year (-€14,596) and Debts after one year (-€9,044)
- Stocks and contracts -€7,200
down €7,200 (-82.8%), from €8,700 to €1,500
- Tangible fixed assets -€6,681
down €6,681 (-14.9%), from €44,947 to €38,266
of which Furniture and vehicles: -€9,960
- Receivables within one year +€5,427
up €5,427 (+16.8%), from €32,284 to €37,711
of which Other amounts receivable: +€6,282
- Reserves -€14,596
down €14,596 (-8.2%), from €176,973 to €162,377
- Debts after one year -€9,044
down €9,044 (-59.2%), from €15,282 to €6,238
- Tax, wage and social debts -€4,647
down €4,647 (-67.6%), from €6,875 to €2,228
of which Remuneration and social security: -€3,161
- Gross operating margin -€20,615
down €20,615 (-54.8%), from €37,624 to €17,009
- Staff costs -€3,356
down €3,356 (-19.5%), from €17,170 to €13,813
- Financial income -€2,255
down €2,255 (-86.7%), from €2,600 to €345
- Taxes -€2,157
down €2,157 (-93.9%), from €2,297 to €140
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 | €232,743 | €206,708 | -€26,035 | -11.2% |
| Fixed assets | 21/28 | €45,247 | €38,266 | -€6,981 | -15.4% |
| Tangible fixed assets | 22/27 | €44,947 | €38,266 | -€6,681 | -14.9% |
| Land and buildings | 22 | €2,000 | €1,750 | -€250 | -12.5% |
| Plant, machinery and equipment | 23 | €3,305 | €1,566 | -€1,739 | -52.6% |
| Furniture and vehicles | 24 | €36,017 | €26,057 | -€9,960 | -27.7% |
| Other tangible fixed assets | 26 | €3,625 | €8,893 | +€5,268 | +145.3% |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €187,496 | €168,442 | -€19,054 | -10.2% |
| Stocks and contracts in progress | 3 | €8,700 | €1,500 | -€7,200 | -82.8% |
| Stocks | 30/36 | €8,700 | €1,500 | -€7,200 | -82.8% |
| Amounts receivable within one year | 40/41 | €32,284 | €37,711 | +€5,427 | +16.8% |
| Trade receivables | 40 | €2,451 | €1,595 | -€856 | -34.9% |
| Other amounts receivable | 41 | €29,833 | €36,116 | +€6,282 | +21.1% |
| Cash at bank and in hand | 54/58 | €142,858 | €126,421 | -€16,437 | -11.5% |
| Deferred charges and accrued income | 490/1 | €3,654 | €2,810 | -€844 | -23.1% |
| Total equity and liabilities | 10/49 | €232,743 | €206,708 | -€26,035 | -11.2% |
| Equity | 10/15 | €196,973 | €182,377 | -€14,596 | -7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €176,973 | €162,377 | -€14,596 | -8.2% |
| Distributable reserves | 133 | €176,973 | €162,377 | -€14,596 | -8.2% |
| Amounts payable | 17/49 | €35,769 | €24,331 | -€11,439 | -32.0% |
| Amounts payable after more than one year | 17 | €15,282 | €6,238 | -€9,044 | -59.2% |
| Financial debts | 170/4 | €15,282 | €6,238 | -€9,044 | -59.2% |
| Amounts payable within one year | 42/48 | €20,487 | €18,093 | -€2,395 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,681 | €9,044 | +€362 | +4.2% |
| Trade debts | 44 | €4,930 | €6,820 | +€1,890 | +38.3% |
| Suppliers | 440/4 | €4,930 | €6,820 | +€1,890 | +38.3% |
| Taxes, remuneration and social security | 45 | €6,875 | €2,228 | -€4,647 | -67.6% |
| Taxes | 450/3 | €2,406 | €920 | -€1,486 | -61.8% |
| Remuneration and social security | 454/9 | €4,470 | €1,308 | -€3,161 | -70.7% |
| Remuneration, social security and pensions | 62 | €17,170 | €13,813 | -€3,356 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,854 | €12,554 | -€300 | -2.3% |
| Other operating charges | 640/8 | €1,635 | €1,528 | -€106 | -6.5% |
| Non-recurring operating charges | 66A | - | €2,061 | +€2,061 | |
| Gross operating margin | 9900 | €37,624 | €17,009 | -€20,615 | -54.8% |
| Operating profit (loss) | 9901 | €5,966 | -€12,947 | -€18,913 | |
| Financial income | 75/76B | €2,600 | €345 | -€2,255 | -86.7% |
| Recurring financial income | 75 | €2,600 | €345 | -€2,255 | -86.7% |
| Financial charges | 65/66B | €1,712 | €1,854 | +€143 | +8.3% |
| Recurring financial charges | 65 | €1,712 | €1,554 | -€157 | -9.2% |
| Non-recurring financial charges | 66B | - | €300 | +€300 | |
| Profit (loss) for the period before taxes | 9903 | €6,854 | -€14,456 | -€21,310 | |
| Income taxes | 67/77 | €2,297 | €140 | -€2,157 | -93.9% |
| Profit (loss) for the period | 9904 | €4,557 | -€14,596 | -€19,153 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,557 | -€14,596 | -€19,153 |
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 8 October 2026 via checked.be.