LURO: 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.
LURO
Largest movements
- Cash -€107,637
down €107,637 (-72.0%), from €149,459 to €41,822
mainly Current investments (-€86,973) and Net result for the year (-€29,344)
- Current investments +€86,973
up €86,973 (+137.1%), from €63,427 to €150,399
- Tangible fixed assets -€10,947
down €10,947 (-3.2%), from €341,697 to €330,751
of which Land and buildings: -€9,032
- Profit (loss) carried forward -€29,344
down €29,344 (-5.4%), from €542,484 to €513,140
- Financial income -€15,849
down €15,849 (-69.0%), from €22,979 to €7,130
- Gross operating margin -€8,537
down €8,537 (-108.2%), from -€7,890 to -€16,427
- Other operating charges +€6,473
up €6,473 (+331.5%), from €1,953 to €8,426
- Financial charges -€2,776
down €2,776 (-91.5%), from €3,033 to €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 | €587,757 | €557,696 | -€30,061 | -5.1% |
| Fixed assets | 21/28 | €341,697 | €330,751 | -€10,947 | -3.2% |
| Tangible fixed assets | 22/27 | €341,697 | €330,751 | -€10,947 | -3.2% |
| Land and buildings | 22 | €337,895 | €328,864 | -€9,032 | -2.7% |
| Plant, machinery and equipment | 23 | €833 | €0 | -€833 | -100.0% |
| Furniture and vehicles | 24 | €2,969 | €1,887 | -€1,082 | -36.4% |
| Current assets | 29/58 | €246,060 | €226,945 | -€19,114 | -7.8% |
| Amounts receivable within one year | 40/41 | €31,215 | €32,681 | +€1,466 | +4.7% |
| Other amounts receivable | 41 | €31,215 | €32,681 | +€1,466 | +4.7% |
| Current investments | 50/53 | €63,427 | €150,399 | +€86,973 | +137.1% |
| Cash at bank and in hand | 54/58 | €149,459 | €41,822 | -€107,637 | -72.0% |
| Deferred charges and accrued income | 490/1 | €1,959 | €2,043 | +€84 | +4.3% |
| Total equity and liabilities | 10/49 | €587,757 | €557,696 | -€30,061 | -5.1% |
| Equity | 10/15 | €586,776 | €557,431 | -€29,344 | -5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,700 | €25,700 | = | 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 | €23,840 | €23,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €542,484 | €513,140 | -€29,344 | -5.4% |
| Amounts payable | 17/49 | €981 | €265 | -€717 | -73.0% |
| Amounts payable within one year | 42/48 | €981 | €265 | -€717 | -73.0% |
| Trade debts | 44 | €981 | €189 | -€792 | -80.7% |
| Suppliers | 440/4 | €981 | €189 | -€792 | -80.7% |
| Taxes, remuneration and social security | 45 | - | €76 | +€76 | |
| Taxes | 450/3 | - | €76 | +€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,947 | €10,947 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,953 | €8,426 | +€6,473 | +331.5% |
| Gross operating margin | 9900 | -€7,890 | -€16,427 | -€8,537 | -108.2% |
| Operating profit (loss) | 9901 | -€20,789 | -€35,800 | -€15,010 | -72.2% |
| Financial income | 75/76B | €22,979 | €7,130 | -€15,849 | -69.0% |
| Recurring financial income | 75 | €22,979 | €7,130 | -€15,849 | -69.0% |
| Financial charges | 65/66B | €3,033 | €258 | -€2,776 | -91.5% |
| Recurring financial charges | 65 | €3,033 | €258 | -€2,776 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | -€843 | -€28,927 | -€28,084 | -3331.2% |
| Income taxes | 67/77 | €386 | €418 | +€32 | +8.3% |
| Profit (loss) for the period | 9904 | -€1,229 | -€29,344 | -€28,116 | -2288.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,229 | -€29,344 | -€28,116 | -2288.5% |
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 28 September 2026 via checked.be.