LUQMAN: 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.
LUQMAN
Largest movements
- Stocks and contracts +€6,893
up €6,893 (+13.4%), from €51,276 to €58,169
- Cash +€765
up €765 (+23.1%), from €3,304 to €4,068
mainly Trade debts (+€6,544) and Tax, wage and social debts (+€2,320)
- Trade debts +€6,544
up €6,544 (+618.3%), from €1,058 to €7,602
- Other debts -€2,348
down €2,348 (-52.2%), from €4,500 to €2,152
- Tax, wage and social debts +€2,320
up €2,320 (+80.2%), from €2,893 to €5,213
of which Remuneration and social security: +€1,994
- Profit (loss) carried forward +€693
up €693 (+50.2%), from €1,382 to €2,075
- Purchases and services -€13,364
down €13,364 (-2.2%), from €603,894 to €590,530
- Turnover -€9,700
down €9,700 (-1.5%), from €635,982 to €626,282
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 | €58,261 | €65,470 | +€7,209 | +12.4% |
| Fixed assets | 21/28 | €3,332 | €2,943 | -€389 | -11.7% |
| Tangible fixed assets | 22/27 | €955 | €566 | -€389 | -40.7% |
| Furniture and vehicles | 24 | €955 | €566 | -€389 | -40.7% |
| Financial fixed assets | 28 | €2,377 | €2,377 | = | 0.0% |
| Current assets | 29/58 | €54,928 | €62,527 | +€7,599 | +13.8% |
| Stocks and contracts in progress | 3 | €51,276 | €58,169 | +€6,893 | +13.4% |
| Stocks | 30/36 | €51,276 | €58,169 | +€6,893 | +13.4% |
| Amounts receivable within one year | 40/41 | €66 | - | -€66 | |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €3,304 | €4,068 | +€765 | +23.1% |
| Deferred charges and accrued income | 490/1 | €282 | €290 | +€7 | +2.5% |
| Total equity and liabilities | 10/49 | €58,261 | €65,470 | +€7,209 | +12.4% |
| Equity | 10/15 | €47,830 | €48,524 | +€693 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,849 | €27,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,989 | €25,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,382 | €2,075 | +€693 | +50.2% |
| Amounts payable | 17/49 | €10,431 | €16,947 | +€6,516 | +62.5% |
| Amounts payable after more than one year | 17 | €1,979 | €1,979 | = | 0.0% |
| Other amounts payable | 178/9 | €1,979 | €1,979 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,452 | €14,968 | +€6,516 | +77.1% |
| Trade debts | 44 | €1,058 | €7,602 | +€6,544 | +618.3% |
| Suppliers | 440/4 | €1,058 | €7,602 | +€6,544 | +618.3% |
| Taxes, remuneration and social security | 45 | €2,893 | €5,213 | +€2,320 | +80.2% |
| Taxes | 450/3 | €345 | €672 | +€327 | +94.5% |
| Remuneration and social security | 454/9 | €2,548 | €4,541 | +€1,994 | +78.2% |
| Other amounts payable | 47/48 | €4,500 | €2,152 | -€2,348 | -52.2% |
| Turnover | 70 | €635,982 | €626,282 | -€9,700 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €603,894 | €590,530 | -€13,364 | -2.2% |
| Remuneration, social security and pensions | 62 | €30,454 | €31,923 | +€1,470 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €389 | -€121 | -23.7% |
| Other operating charges | 640/8 | €670 | €4,421 | +€3,752 | +560.1% |
| Gross operating margin | 9900 | €33,295 | €37,692 | +€4,397 | +13.2% |
| Operating profit (loss) | 9901 | €1,661 | €958 | -€703 | -42.3% |
| Financial charges | 65/66B | €93 | €92 | -€1 | -1.6% |
| Recurring financial charges | 65 | €93 | €92 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,568 | €867 | -€701 | -44.7% |
| Income taxes | 67/77 | €314 | €173 | -€140 | -44.7% |
| Profit (loss) for the period | 9904 | €1,255 | €693 | -€561 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,255 | €693 | -€561 | -44.7% |
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 3 October 2026 via checked.be.