LUS VERHUUR: 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 VERHUUR
Largest movements
- Tangible fixed assets +€160,076
up €160,076 (+255%), from €62,789 to €222,866
- Receivables within one year +€62,725
up €62,725 (+138%), from €45,524 to €108,249
of which Trade receivables: +€62,725
- Cash -€54,601
down €54,601 (-93.1%), from €58,631 to €4,030
mainly Investment in fixed assets (net) (-€204,200) and Receivables within one year (-€62,725)
- Deferred charges and accrued income +€43,456
up €43,456 (+9,933%), from €438 to €43,893
- Financial fixed assets +€4,500
up €4,500 (+179%), from €2,519 to €7,019
- Debts after one year +€117,174
up €117,174 (+74.1%), from €158,068 to €275,241
- Current portion of long-term debt +€36,643
up €36,643 (+61.6%), from €59,477 to €96,120
- Short-term financial debts +€21,443
new in 2025: €21,443
- Tax, wage and social debts +€20,855
up €20,855 (+116%), from €17,927 to €38,782
of which Remuneration and social security: +€17,609
- Trade debts +€20,029
up €20,029 (+174%), from €11,537 to €31,566
- Gross operating margin +€156,816
up €156,816, from -€33,211 to €123,605
- Depreciation +€29,354
up €29,354 (+286%), from €10,270 to €39,624
- Financial charges +€13,832
up €13,832 (+272%), from €5,088 to €18,921
- Other operating charges -€11,114
down €11,114 (-43.3%), from €25,661 to €14,547
- Staff costs +€7,214
up €7,214 (+18.1%), from €39,910 to €47,124
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 | €169,901 | €386,058 | +€216,157 | +127% |
| Fixed assets | 21/28 | €65,309 | €229,885 | +€164,576 | +252% |
| Tangible fixed assets | 22/27 | €62,789 | €222,866 | +€160,076 | +255% |
| Furniture and vehicles | 24 | €62,789 | €222,866 | +€160,076 | +255% |
| Financial fixed assets | 28 | €2,519 | €7,019 | +€4,500 | +179% |
| Current assets | 29/58 | €104,592 | €156,173 | +€51,580 | +49.3% |
| Amounts receivable within one year | 40/41 | €45,524 | €108,249 | +€62,725 | +138% |
| Trade receivables | 40 | €45,524 | €108,249 | +€62,725 | +138% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,631 | €4,030 | -€54,601 | -93.1% |
| Deferred charges and accrued income | 490/1 | €438 | €43,893 | +€43,456 | +9,933% |
| Total equity and liabilities | 10/49 | €169,901 | €386,058 | +€216,157 | +127% |
| Equity | 10/15 | -€91,454 | -€88,066 | +€3,389 | +3.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,454 | -€98,066 | +€3,389 | +3.3% |
| Amounts payable | 17/49 | €261,355 | €474,123 | +€212,768 | +81.4% |
| Amounts payable after more than one year | 17 | €158,068 | €275,241 | +€117,174 | +74.1% |
| Financial debts | 170/4 | €158,068 | €275,241 | +€117,174 | +74.1% |
| Amounts payable within one year | 42/48 | €103,287 | €198,882 | +€95,594 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €59,477 | €96,120 | +€36,643 | +61.6% |
| Financial debts | 43 | - | €21,443 | +€21,443 | |
| Credit institutions | 430/8 | - | €21,443 | +€21,443 | |
| Trade debts | 44 | €11,537 | €31,566 | +€20,029 | +174% |
| Suppliers | 440/4 | €11,537 | €31,566 | +€20,029 | +174% |
| Taxes, remuneration and social security | 45 | €17,927 | €38,782 | +€20,855 | +116% |
| Taxes | 450/3 | €12,476 | €15,723 | +€3,246 | +26.0% |
| Remuneration and social security | 454/9 | €5,450 | €23,059 | +€17,609 | +323% |
| Other amounts payable | 47/48 | €14,347 | €10,971 | -€3,376 | -23.5% |
| Remuneration, social security and pensions | 62 | €39,910 | €47,124 | +€7,214 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €39,624 | +€29,354 | +286% |
| Other operating charges | 640/8 | €25,661 | €14,547 | -€11,114 | -43.3% |
| Gross operating margin | 9900 | -€33,211 | €123,605 | +€156,816 | |
| Operating profit (loss) | 9901 | -€109,053 | €22,309 | +€131,362 | |
| Financial charges | 65/66B | €5,088 | €18,921 | +€13,832 | +272% |
| Recurring financial charges | 65 | €5,088 | €18,921 | +€13,832 | +272% |
| Profit (loss) for the period before taxes | 9903 | -€114,141 | €3,389 | +€117,530 | |
| Income taxes | 67/77 | €1,609 | - | -€1,609 | |
| Profit (loss) for the period | 9904 | -€115,750 | €3,389 | +€119,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,750 | €3,389 | +€119,139 |
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 31 October 2026 via checked.be.