LURISCH: 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.
LURISCH
Largest movements
- Tangible fixed assets +€260,295
up €260,295 (+29.1%), from €894,475 to €1.2m
- Receivables within one year +€60,002
up €60,002 (+68.5%), from €87,588 to €147,590
- Cash +€24,988
up €24,988 (+247.2%), from €10,109 to €35,097
mainly Debts after one year (+€173,644) and Trade debts (+€70,035)
- Debts after one year +€173,644
up €173,644 (+57.5%), from €301,788 to €475,432
- Trade debts +€70,035
new in 2025: €70,035
- Other debts +€66,000
up €66,000 (+87.2%), from €75,662 to €141,662
- Current portion of long-term debt +€24,004
up €24,004 (+21.7%), from €110,696 to €134,701
- Profit (loss) carried forward +€21,059
up €21,059 (+7.5%), from €282,198 to €303,258
- Gross operating margin -€39,119
down €39,119 (-29.7%), from €131,538 to €92,418
- Taxes -€10,955
no longer reported in 2025 (was €10,955)
- Financial charges -€10,516
down €10,516 (-75.3%), from €13,963 to €3,447
- Other operating charges -€8,014
down €8,014 (-37.0%), from €21,668 to €13,654
- Depreciation +€2,172
up €2,172 (+4.2%), from €52,086 to €54,258
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 | €1,296,802 | €1,642,087 | +€345,285 | +26.6% |
| Fixed assets | 21/28 | €1,194,475 | €1,454,771 | +€260,295 | +21.8% |
| Tangible fixed assets | 22/27 | €894,475 | €1,154,771 | +€260,295 | +29.1% |
| Land and buildings | 22 | €894,475 | €1,154,771 | +€260,295 | +29.1% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €102,327 | €187,317 | +€84,990 | +83.1% |
| Amounts receivable within one year | 40/41 | €87,588 | €147,590 | +€60,002 | +68.5% |
| Other amounts receivable | 41 | €87,588 | €147,590 | +€60,002 | +68.5% |
| Cash at bank and in hand | 54/58 | €10,109 | €35,097 | +€24,988 | +247.2% |
| Deferred charges and accrued income | 490/1 | €4,630 | €4,630 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,296,802 | €1,642,087 | +€345,285 | +26.6% |
| Equity | 10/15 | €799,198 | €820,258 | +€21,059 | +2.6% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Capital | 10 | €470,000 | €470,000 | = | 0.0% |
| Issued capital | 100 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Legal reserve | 130 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,198 | €303,258 | +€21,059 | +7.5% |
| Amounts payable | 17/49 | €497,604 | €821,830 | +€324,226 | +65.2% |
| Amounts payable after more than one year | 17 | €301,788 | €475,432 | +€173,644 | +57.5% |
| Financial debts | 170/4 | €301,788 | €475,432 | +€173,644 | +57.5% |
| Amounts payable within one year | 42/48 | €188,314 | €346,398 | +€158,084 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €110,696 | €134,701 | +€24,004 | +21.7% |
| Trade debts | 44 | - | €70,035 | +€70,035 | |
| Suppliers | 440/4 | - | €70,035 | +€70,035 | |
| Taxes, remuneration and social security | 45 | €1,955 | - | -€1,955 | |
| Taxes | 450/3 | €1,955 | - | -€1,955 | |
| Other amounts payable | 47/48 | €75,662 | €141,662 | +€66,000 | +87.2% |
| Accrued charges and deferred income | 492/3 | €7,502 | - | -€7,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,086 | €54,258 | +€2,172 | +4.2% |
| Other operating charges | 640/8 | €21,668 | €13,654 | -€8,014 | -37.0% |
| Gross operating margin | 9900 | €131,538 | €92,418 | -€39,119 | -29.7% |
| Operating profit (loss) | 9901 | €57,784 | €24,507 | -€33,277 | -57.6% |
| Financial charges | 65/66B | €13,963 | €3,447 | -€10,516 | -75.3% |
| Recurring financial charges | 65 | €13,963 | €3,447 | -€10,516 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | €43,821 | €21,059 | -€22,762 | -51.9% |
| Income taxes | 67/77 | €10,955 | - | -€10,955 | |
| Profit (loss) for the period | 9904 | €32,866 | €21,059 | -€11,806 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,866 | €21,059 | -€11,806 | -35.9% |
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.