LUSA: 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.
LUSA
Largest movements
- Cash -€4,870
down €4,870 (-34.4%), from €14,168 to €9,298
mainly Net result for the year (-€16,712) and Investment in fixed assets (net) (-€5,457)
- Receivables within one year -€1,598
down €1,598 (-40.3%), from €3,961 to €2,363
of which Other amounts receivable: -€2,962
- Profit (loss) carried forward -€16,712
down €16,712 (-8.4%), from -€199,725 to -€216,437
- Short-term financial debts +€14,978
up €14,978 (+9.4%), from €158,801 to €173,780
- Debts after one year -€5,228
down €5,228 (-6.8%), from €76,628 to €71,400
- Gross operating margin +€7,337
up €7,337 (+52.8%), from -€13,892 to -€6,555
- Depreciation +€1,000
up €1,000 (+21.1%), from €4,732 to €5,732
- Financial charges -€171
down €171 (-4.2%), from €4,040 to €3,869
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 | €70,227 | €63,484 | -€6,743 | -9.6% |
| Fixed assets | 21/28 | €52,098 | €51,823 | -€275 | -0.5% |
| Tangible fixed assets | 22/27 | €52,048 | €51,773 | -€275 | -0.5% |
| Land and buildings | 22 | €52,048 | €47,317 | -€4,732 | -9.1% |
| Plant, machinery and equipment | 23 | - | €4,457 | +€4,457 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €18,129 | €11,661 | -€6,468 | -35.7% |
| Amounts receivable within one year | 40/41 | €3,961 | €2,363 | -€1,598 | -40.3% |
| Trade receivables | 40 | €138 | €1,502 | +€1,364 | +990% |
| Other amounts receivable | 41 | €3,823 | €861 | -€2,962 | -77.5% |
| Cash at bank and in hand | 54/58 | €14,168 | €9,298 | -€4,870 | -34.4% |
| Total equity and liabilities | 10/49 | €70,227 | €63,484 | -€6,743 | -9.6% |
| Equity | 10/15 | -€170,212 | -€186,924 | -€16,712 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,913 | €10,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,174 | €3,174 | = | 0.0% |
| Distributable reserves | 133 | €5,879 | €5,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,725 | -€216,437 | -€16,712 | -8.4% |
| Amounts payable | 17/49 | €240,439 | €250,408 | +€9,968 | +4.1% |
| Amounts payable after more than one year | 17 | €76,628 | €71,400 | -€5,228 | -6.8% |
| Financial debts | 170/4 | €76,628 | €71,400 | -€5,228 | -6.8% |
| Amounts payable within one year | 42/48 | €163,811 | €179,008 | +€15,196 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,010 | €5,228 | +€218 | +4.4% |
| Financial debts | 43 | €158,801 | €173,780 | +€14,978 | +9.4% |
| Other loans | 439 | €158,801 | €173,780 | +€14,978 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,732 | €5,732 | +€1,000 | +21.1% |
| Other operating charges | 640/8 | €591 | €618 | +€27 | +4.5% |
| Gross operating margin | 9900 | -€13,892 | -€6,555 | +€7,337 | +52.8% |
| Operating profit (loss) | 9901 | -€19,214 | -€12,904 | +€6,310 | +32.8% |
| Financial income | 75/76B | €27 | €62 | +€35 | +132% |
| Recurring financial income | 75 | €27 | €62 | +€35 | +132% |
| Financial charges | 65/66B | €4,040 | €3,869 | -€171 | -4.2% |
| Recurring financial charges | 65 | €4,040 | €3,869 | -€171 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,228 | -€16,712 | +€6,516 | +28.1% |
| Profit (loss) for the period | 9904 | -€23,228 | -€16,712 | +€6,516 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,228 | -€16,712 | +€6,516 | +28.1% |
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 14 October 2026 via checked.be.