LUROO: 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.
LUROO
Largest movements
- Receivables after one year -€52,341
down €52,341 (-21.5%), from €243,521 to €191,180
- Tangible fixed assets -€29,433
down €29,433 (-3.4%), from €863,459 to €834,027
of which Land and buildings: -€27,616
- Cash +€14,204
up €14,204 (+29.6%), from €47,937 to €62,141
mainly Receivables after one year (+€52,341) and Depreciation (+€29,433)
- Receivables within one year -€14,174
down €14,174 (-96.7%), from €14,657 to €483
of which Other amounts receivable: -€8,004
- Other debts -€49,882
down €49,882 (-31.9%), from €156,194 to €106,311
- Reserves -€20,710
down €20,710 (-2.4%), from €874,826 to €854,116
of which Tax-exempt reserves: -€14,999
- Gross operating margin +€35,951
up €35,951, from -€17,729 to €18,221
- Write-downs +€4,732
up €4,732, from -€4,732 to €0
- Financial charges -€2,391
down €2,391 (-25.0%), from €9,552 to €7,161
- Depreciation +€1,663
up €1,663 (+6.0%), from €27,770 to €29,433
- Other operating charges -€1,087
down €1,087 (-13.5%), from €8,068 to €6,980
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 | €1,171,963 | €1,094,380 | -€77,583 | -6.6% |
| Fixed assets | 21/28 | €863,459 | €834,027 | -€29,433 | -3.4% |
| Tangible fixed assets | 22/27 | €863,459 | €834,027 | -€29,433 | -3.4% |
| Land and buildings | 22 | €858,214 | €830,597 | -€27,616 | -3.2% |
| Furniture and vehicles | 24 | €5,245 | €3,429 | -€1,816 | -34.6% |
| Current assets | 29/58 | €308,504 | €260,353 | -€48,151 | -15.6% |
| Amounts receivable after more than one year | 29 | €243,521 | €191,180 | -€52,341 | -21.5% |
| Other amounts receivable | 291 | €243,521 | €191,180 | -€52,341 | -21.5% |
| Amounts receivable within one year | 40/41 | €14,657 | €483 | -€14,174 | -96.7% |
| Trade receivables | 40 | €6,170 | €0 | -€6,170 | -100.0% |
| Other amounts receivable | 41 | €8,487 | €483 | -€8,004 | -94.3% |
| Cash at bank and in hand | 54/58 | €47,937 | €62,141 | +€14,204 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,390 | €6,551 | +€4,161 | +174.1% |
| Total equity and liabilities | 10/49 | €1,171,963 | €1,094,380 | -€77,583 | -6.6% |
| Equity | 10/15 | €899,615 | €878,905 | -€20,710 | -2.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €874,826 | €854,116 | -€20,710 | -2.4% |
| Tax-exempt reserves | 132 | €325,831 | €310,832 | -€14,999 | -4.6% |
| Distributable reserves | 133 | €548,995 | €543,284 | -€5,711 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €108,610 | €103,611 | -€5,000 | -4.6% |
| Deferred taxes | 168 | €108,610 | €103,611 | -€5,000 | -4.6% |
| Amounts payable | 17/49 | €163,737 | €111,864 | -€51,874 | -31.7% |
| Amounts payable within one year | 42/48 | €161,703 | €111,864 | -€49,839 | -30.8% |
| Trade debts | 44 | €3,999 | €5,552 | +€1,553 | +38.8% |
| Suppliers | 440/4 | €3,999 | €5,552 | +€1,553 | +38.8% |
| Taxes, remuneration and social security | 45 | €1,510 | €0 | -€1,510 | -100.0% |
| Taxes | 450/3 | €1,510 | €0 | -€1,510 | -100.0% |
| Other amounts payable | 47/48 | €156,194 | €106,311 | -€49,882 | -31.9% |
| Accrued charges and deferred income | 492/3 | €2,034 | €0 | -€2,034 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,770 | €29,433 | +€1,663 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,732 | €0 | +€4,732 | |
| Other operating charges | 640/8 | €8,068 | €6,980 | -€1,087 | -13.5% |
| Gross operating margin | 9900 | -€17,729 | €18,221 | +€35,951 | |
| Operating profit (loss) | 9901 | -€48,834 | -€18,192 | +€30,643 | +62.7% |
| Financial income | 75/76B | €285 | €229 | -€56 | -19.6% |
| Recurring financial income | 75 | €285 | €229 | -€56 | -19.6% |
| Financial charges | 65/66B | €9,552 | €7,161 | -€2,391 | -25.0% |
| Recurring financial charges | 65 | €9,552 | €7,161 | -€2,391 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,102 | -€25,124 | +€32,978 | +56.8% |
| Transfer from deferred taxes | 780 | €5,851 | €5,000 | -€851 | -14.5% |
| Income taxes | 67/77 | €599 | €586 | -€13 | -2.1% |
| Profit (loss) for the period | 9904 | -€52,849 | -€20,710 | +€32,139 | +60.8% |
| Transfer from tax-exempt reserves | 789 | €17,552 | €14,999 | -€2,553 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,297 | -€5,711 | +€29,586 | +83.8% |
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.