LUSECO: 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.
LUSECO
Largest movements
- Receivables within one year -€27,514
down €27,514 (-67.4%), from €40,824 to €13,310
- Tangible fixed assets -€16,811
down €16,811 (-32.8%), from €51,181 to €34,370
of which Assets under construction and advance payments: -€9,393
- Cash +€12,384
up €12,384 (+17.2%), from €72,113 to €84,497
mainly Receivables within one year (+€27,514) and Depreciation (+€9,195)
- Profit (loss) carried forward -€17,321
down €17,321 (-167%), from -€10,377 to -€27,698
- Tax, wage and social debts -€7,847
down €7,847 (-76.6%), from €10,246 to €2,399
- Other debts -€6,321
down €6,321 (-90.7%), from €6,972 to €651
- Gross operating margin -€139,867
down €139,867, from €133,632 to -€6,234
- Taxes -€16,067
down €16,067 (-96.9%), from €16,576 to €509
- Depreciation +€3,068
up €3,068 (+50.1%), from €6,127 to €9,195
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 | €168,699 | €137,039 | -€31,660 | -18.8% |
| Fixed assets | 21/28 | €51,831 | €35,020 | -€16,811 | -32.4% |
| Tangible fixed assets | 22/27 | €51,181 | €34,370 | -€16,811 | -32.8% |
| Land and buildings | 22 | €5,685 | €4,560 | -€1,125 | -19.8% |
| Plant, machinery and equipment | 23 | €8,526 | €9,056 | +€530 | +6.2% |
| Furniture and vehicles | 24 | €27,577 | €20,754 | -€6,824 | -24.7% |
| Assets under construction and advance payments | 27 | €9,393 | €0 | -€9,393 | -100% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €116,868 | €102,020 | -€14,849 | -12.7% |
| Amounts receivable within one year | 40/41 | €40,824 | €13,310 | -€27,514 | -67.4% |
| Trade receivables | 40 | €40,824 | €13,310 | -€27,514 | -67.4% |
| Cash at bank and in hand | 54/58 | €72,113 | €84,497 | +€12,384 | +17.2% |
| Deferred charges and accrued income | 490/1 | €3,931 | €4,213 | +€282 | +7.2% |
| Total equity and liabilities | 10/49 | €168,699 | €137,039 | -€31,660 | -18.8% |
| Equity | 10/15 | €143,886 | €126,565 | -€17,321 | -12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,863 | €141,863 | = | 0.0% |
| Distributable reserves | 133 | €141,863 | €141,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,377 | -€27,698 | -€17,321 | -167% |
| Amounts payable | 17/49 | €24,814 | €10,474 | -€14,339 | -57.8% |
| Amounts payable within one year | 42/48 | €24,814 | €10,474 | -€14,339 | -57.8% |
| Trade debts | 44 | €7,014 | €7,424 | +€410 | +5.8% |
| Suppliers | 440/4 | €7,014 | €7,424 | +€410 | +5.8% |
| Advances received on contracts in progress | 46 | €581 | €0 | -€581 | -100% |
| Taxes, remuneration and social security | 45 | €10,246 | €2,399 | -€7,847 | -76.6% |
| Taxes | 450/3 | €10,246 | €2,399 | -€7,847 | -76.6% |
| Other amounts payable | 47/48 | €6,972 | €651 | -€6,321 | -90.7% |
| Non-recurring operating income | 76A | €9,385 | €0 | -€9,385 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,127 | €9,195 | +€3,068 | +50.1% |
| Other operating charges | 640/8 | €877 | €1,289 | +€412 | +47.0% |
| Gross operating margin | 9900 | €133,632 | -€6,234 | -€139,867 | |
| Operating profit (loss) | 9901 | €126,629 | -€16,718 | -€143,347 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.3% |
| Financial charges | 65/66B | €102 | €94 | -€8 | -7.6% |
| Recurring financial charges | 65 | €102 | €94 | -€8 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €126,529 | -€16,812 | -€143,341 | |
| Income taxes | 67/77 | €16,576 | €509 | -€16,067 | -96.9% |
| Profit (loss) for the period | 9904 | €109,953 | -€17,321 | -€127,274 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,953 | -€17,321 | -€127,274 |
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.