LUROS: 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.
LUROS
Largest movements
- Tangible fixed assets -€27,602
down €27,602 (-6.1%), from €454,905 to €427,303
of which Land and buildings: -€27,102
- Deferred charges and accrued income +€12,088
up €12,088 (+22.7%), from €53,142 to €65,230
- Receivables within one year +€9,950
up €9,950 (+62.3%), from €15,962 to €25,912
of which Trade receivables: +€6,657
- Debts after one year -€41,418
down €41,418 (-21.5%), from €192,725 to €151,307
- Other debts +€27,239
up €27,239 (+14.1%), from €192,833 to €220,072
- Gross operating margin +€3,737
up €3,737 (+7.0%), from €53,607 to €57,345
- Depreciation +€1,408
up €1,408 (+3.7%), from €37,882 to €39,290
- Financial charges -€945
down €945 (-14.6%), from €6,491 to €5,545
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.
Derived cash bridge
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 | €683,560 | €675,835 | -€7,724 | -1.1% |
| Fixed assets | 21/28 | €455,380 | €427,503 | -€27,877 | -6.1% |
| Tangible fixed assets | 22/27 | €454,905 | €427,303 | -€27,602 | -6.1% |
| Land and buildings | 22 | €432,909 | €405,807 | -€27,102 | -6.3% |
| Furniture and vehicles | 24 | €21,996 | €21,496 | -€500 | -2.3% |
| Financial fixed assets | 28 | €475 | €200 | -€275 | -57.9% |
| Current assets | 29/58 | €228,179 | €248,333 | +€20,153 | +8.8% |
| Amounts receivable after more than one year | 29 | €155,927 | €155,927 | = | 0.0% |
| Other amounts receivable | 291 | €155,927 | €155,927 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,962 | €25,912 | +€9,950 | +62.3% |
| Trade receivables | 40 | €13,746 | €20,403 | +€6,657 | +48.4% |
| Other amounts receivable | 41 | €2,216 | €5,509 | +€3,293 | +149% |
| Cash at bank and in hand | 54/58 | €3,149 | €1,264 | -€1,885 | -59.9% |
| Deferred charges and accrued income | 490/1 | €53,142 | €65,230 | +€12,088 | +22.7% |
| Total equity and liabilities | 10/49 | €683,560 | €675,835 | -€7,724 | -1.1% |
| Equity | 10/15 | €237,885 | €244,419 | +€6,534 | +2.7% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €21,316 | €21,316 | = | 0.0% |
| Distributable reserves | 133 | €21,316 | €21,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,031 | -€45,497 | +€6,534 | +12.6% |
| Amounts payable | 17/49 | €445,674 | €431,416 | -€14,258 | -3.2% |
| Amounts payable after more than one year | 17 | €192,725 | €151,307 | -€41,418 | -21.5% |
| Financial debts | 170/4 | €192,725 | €151,307 | -€41,418 | -21.5% |
| Amounts payable within one year | 42/48 | €252,949 | €280,109 | +€27,160 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €40,173 | €41,418 | +€1,245 | +3.1% |
| Trade debts | 44 | €5,350 | €4,582 | -€768 | -14.4% |
| Suppliers | 440/4 | €5,350 | €4,582 | -€768 | -14.4% |
| Taxes, remuneration and social security | 45 | €14,593 | €14,037 | -€556 | -3.8% |
| Taxes | 450/3 | €14,593 | €14,037 | -€556 | -3.8% |
| Other amounts payable | 47/48 | €192,833 | €220,072 | +€27,239 | +14.1% |
| Non-recurring operating income | 76A | €9,091 | - | -€9,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,882 | €39,290 | +€1,408 | +3.7% |
| Other operating charges | 640/8 | €6,012 | €5,761 | -€251 | -4.2% |
| Gross operating margin | 9900 | €53,607 | €57,345 | +€3,737 | +7.0% |
| Operating profit (loss) | 9901 | €9,714 | €12,293 | +€2,580 | +26.6% |
| Financial income | 75/76B | €2 | €71 | +€69 | +3,617% |
| Recurring financial income | 75 | €2 | €71 | +€69 | +3,617% |
| Financial charges | 65/66B | €6,491 | €5,545 | -€945 | -14.6% |
| Recurring financial charges | 65 | €6,491 | €5,545 | -€945 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €3,225 | €6,819 | +€3,594 | +111% |
| Income taxes | 67/77 | €418 | €285 | -€134 | -32.0% |
| Profit (loss) for the period | 9904 | €2,806 | €6,534 | +€3,728 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €2,806 | €6,534 | +€3,728 | +133% |
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 13 October 2026 via checked.be.