Lus: 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.
Lus
Largest movements
- Cash -€697,358
down €697,358 (-86.4%), from €807,338 to €109,980
mainly Current investments (-€500,000) and Net result for the year (-€170,373)
- Current investments +€500,000
up €500,000, from €0 to €500,000
- Deferred charges and accrued income +€10,615
up €10,615 (+345.9%), from €3,069 to €13,684
- Reserves -€146,951
down €146,951 (-21.2%), from €694,164 to €547,213
- Accrued charges and deferred income -€27,974
down €27,974 (-35.0%), from €80,000 to €52,026
- Profit (loss) carried forward -€23,421
down €23,421 (-100.0%), from €23,421 to €0
- Debts within one year +€10,777
up €10,777 (+16.4%), from €65,844 to €76,621
of which Tax, wage and social debts: +€5,646
- Gross operating margin -€87,143
down €87,143 (-16.2%), from €538,597 to €451,454
- Staff costs +€55,424
up €55,424 (+9.7%), from €569,165 to €624,588
- Financial income -€10,997
down €10,997 (-61.8%), from €17,799 to €6,802
- Other operating charges -€10,376
down €10,376 (-85.6%), from €12,119 to €1,742
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 | €863,429 | €675,860 | -€187,570 | -21.7% |
| Fixed assets | 21/28 | €2,625 | €0 | -€2,625 | -100.0% |
| Financial fixed assets | 28 | €2,625 | €0 | -€2,625 | -100.0% |
| Current assets | 29/58 | €860,804 | €675,860 | -€184,945 | -21.5% |
| Amounts receivable within one year | 40/41 | €50,398 | €52,196 | +€1,798 | +3.6% |
| Trade receivables | 40 | €4,237 | €730 | -€3,507 | -82.8% |
| Other amounts receivable | 41 | €46,161 | €51,466 | +€5,305 | +11.5% |
| Current investments | 50/53 | €0 | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €807,338 | €109,980 | -€697,358 | -86.4% |
| Deferred charges and accrued income | 490/1 | €3,069 | €13,684 | +€10,615 | +345.9% |
| Total equity and liabilities | 10/49 | €863,429 | €675,860 | -€187,570 | -21.7% |
| Equity | 10/15 | €717,586 | €547,213 | -€170,373 | -23.7% |
| Reserves | 13 | €694,164 | €547,213 | -€146,951 | -21.2% |
| Profit (loss) carried forward | 14 | €23,421 | €0 | -€23,421 | -100.0% |
| Amounts payable | 17/49 | €145,844 | €128,647 | -€17,197 | -11.8% |
| Amounts payable within one year | 42/48 | €65,844 | €76,621 | +€10,777 | +16.4% |
| Trade debts | 44 | €5,062 | €9,844 | +€4,782 | +94.5% |
| Suppliers | 440/4 | €5,062 | €9,844 | +€4,782 | +94.5% |
| Taxes, remuneration and social security | 45 | €60,782 | €66,428 | +€5,646 | +9.3% |
| Taxes | 450/3 | €320 | €488 | +€168 | +52.6% |
| Remuneration and social security | 454/9 | €60,463 | €65,941 | +€5,478 | +9.1% |
| Accrued charges and deferred income | 492/3 | €80,000 | €52,026 | -€27,974 | -35.0% |
| Non-recurring operating income | 76A | - | €432 | +€432 | |
| Remuneration, social security and pensions | 62 | €569,165 | €624,588 | +€55,424 | +9.7% |
| Other operating charges | 640/8 | €12,119 | €1,742 | -€10,376 | -85.6% |
| Non-recurring operating charges | 66A | €200 | €0 | -€200 | -100.0% |
| Gross operating margin | 9900 | €538,597 | €451,454 | -€87,143 | -16.2% |
| Operating profit (loss) | 9901 | -€42,887 | -€174,877 | -€131,990 | -307.8% |
| Financial income | 75/76B | €17,799 | €6,802 | -€10,997 | -61.8% |
| Recurring financial income | 75 | €17,799 | €6,802 | -€10,997 | -61.8% |
| Financial charges | 65/66B | €190 | €272 | +€82 | +43.2% |
| Recurring financial charges | 65 | €190 | €272 | +€82 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,278 | -€168,347 | -€143,069 | -566.0% |
| Income taxes | 67/77 | €5,339 | €2,026 | -€3,313 | -62.1% |
| Profit (loss) for the period | 9904 | -€30,616 | -€170,373 | -€139,756 | -456.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,616 | -€170,373 | -€139,756 | -456.5% |
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.