LURO PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€13,890
down €13,890 (-62.4%), from €22,254 to €8,363
of which Furniture and vehicles: -€15,478
- Receivables within one year +€6,239
up €6,239 (+129.8%), from €4,807 to €11,046
of which Trade receivables: +€6,383
- Profit (loss) carried forward -€10,515
down €10,515 (-102.9%), from -€10,222 to -€20,737
- Other debts +€3,480
up €3,480 (+49.0%), from €7,105 to €10,586
- Tax, wage and social debts -€891
down €891 (-63.1%), from €1,411 to €520
of which Taxes: -€1,411
- Gross operating margin -€210
down €210 (-2.8%), from €7,545 to €7,335
- Other operating charges +€163
up €163 (+15.1%), from €1,077 to €1,240
- Taxes +€146
up €146 (+36.4%), from €402 to €548
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 | €34,349 | €26,413 | -€7,936 | -23.1% |
| Formation expenses | 20 | €24 | - | -€24 | |
| Fixed assets | 21/28 | €22,254 | €8,363 | -€13,890 | -62.4% |
| Tangible fixed assets | 22/27 | €22,254 | €8,363 | -€13,890 | -62.4% |
| Plant, machinery and equipment | 23 | €312 | €1,900 | +€1,588 | +508.9% |
| Furniture and vehicles | 24 | €21,942 | €6,463 | -€15,478 | -70.5% |
| Current assets | 29/58 | €12,071 | €18,050 | +€5,979 | +49.5% |
| Amounts receivable within one year | 40/41 | €4,807 | €11,046 | +€6,239 | +129.8% |
| Trade receivables | 40 | €2,639 | €9,022 | +€6,383 | +241.9% |
| Other amounts receivable | 41 | €2,168 | €2,024 | -€144 | -6.7% |
| Cash at bank and in hand | 54/58 | €6,402 | €6,116 | -€286 | -4.5% |
| Deferred charges and accrued income | 490/1 | €862 | €888 | +€26 | +3.0% |
| Total equity and liabilities | 10/49 | €34,349 | €26,413 | -€7,936 | -23.1% |
| Equity | 10/15 | €25,499 | €14,984 | -€10,515 | -41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,721 | €30,721 | = | 0.0% |
| Distributable reserves | 133 | €30,721 | €30,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,222 | -€20,737 | -€10,515 | -102.9% |
| Amounts payable | 17/49 | €8,850 | €11,429 | +€2,579 | +29.1% |
| Amounts payable within one year | 42/48 | €8,850 | €11,429 | +€2,579 | +29.1% |
| Trade debts | 44 | €334 | €323 | -€11 | -3.1% |
| Suppliers | 440/4 | €334 | €323 | -€11 | -3.1% |
| Taxes, remuneration and social security | 45 | €1,411 | €520 | -€891 | -63.1% |
| Taxes | 450/3 | €1,411 | - | -€1,411 | |
| Remuneration and social security | 454/9 | - | €520 | +€520 | |
| Other amounts payable | 47/48 | €7,105 | €10,586 | +€3,480 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,922 | €15,915 | -€7 | 0.0% |
| Other operating charges | 640/8 | €1,077 | €1,240 | +€163 | +15.1% |
| Non-recurring operating charges | 66A | €233 | €53 | -€180 | -77.3% |
| Gross operating margin | 9900 | €7,545 | €7,335 | -€210 | -2.8% |
| Operating profit (loss) | 9901 | -€9,688 | -€9,873 | -€185 | -1.9% |
| Financial income | 75/76B | €2 | €39 | +€36 | +1699.5% |
| Recurring financial income | 75 | €2 | €39 | +€36 | +1699.5% |
| Financial charges | 65/66B | €135 | €133 | -€2 | -1.8% |
| Recurring financial charges | 65 | €135 | €133 | -€2 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,821 | -€9,967 | -€146 | -1.5% |
| Income taxes | 67/77 | €402 | €548 | +€146 | +36.4% |
| Profit (loss) for the period | 9904 | -€10,222 | -€10,515 | -€293 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,222 | -€10,515 | -€293 | -2.9% |
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 7 October 2026 via checked.be.