LUSH: what changed
Two fiscal 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.
What changed
LUSH
NACE 47.750, Retail sale of cosmetics and toilet articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€98
2024 · €539,487-€539,585
Equity
€1.4m
2024 · €1.4m-€98
Cash
€158,045
2024 · €281,031-€122,986
Balance sheet total
€2.6m
2024 · €2.5m+€15,560
Largest movements
Assets
- Receivables within one year +€314,244
up €314,244 (+32.8%), from €958,305 to €1.3m
of which Other amounts receivable: +€297,984
- Tangible fixed assets -€133,038
down €133,038 (-31.6%), from €420,789 to €287,751
of which Other tangible fixed assets: -€131,976
- Cash -€122,986
down €122,986 (-43.8%), from €281,031 to €158,045
mainly Receivables within one year (-€314,244) and Tax, wage and social debts (-€130,125)
- Deferred charges and accrued income -€99,902
down €99,902 (-39.4%), from €253,774 to €153,872
- Stocks and contracts +€59,910
up €59,910 (+31.2%), from €191,745 to €251,655
Equity and liabilities
- Tax, wage and social debts -€130,125
down €130,125 (-30.6%), from €425,688 to €295,564
of which Taxes: -€148,179
- Trade debts +€83,111
up €83,111 (+19.5%), from €425,487 to €508,598
- Accrued charges and deferred income +€57,886
up €57,886 (+22.1%), from €262,441 to €320,327
Income statement
- Turnover -€369,721
down €369,721 (-5.9%), from €6.3m to €5.9m
- Staff costs +€179,370
up €179,370 (+8.8%), from €2.0m to €2.2m
- Taxes -€92,377
down €92,377 (-74.4%), from €124,183 to €31,806
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.
Result 2024
€539,487
Turnover
-€369,721
Other operating income
+€1,226
Goods and materials
-€52,051
Services and other goods
-€53,915
Staff costs
-€179,370
Depreciation
+€23,513
Other operating charges
-€4,777
Other operating items
+€721
Financial income
+€7,103
Financial charges
-€4,691
Taxes
+€92,377
Result 2025
-€98
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.
From operations
-€98,311
Investment
-€24,675
Financing
€0
Cash 2024
€281,031
From operations (derived)
-€98,311
Net result for the year
-€98
Depreciation
+€160,382
Stocks and contracts
-€59,910
Receivables within one year
-€314,244
Deferred charges and accrued income
+€99,902
Trade debts
+€83,111
Tax, wage and social debts
-€130,125
Other debts
+€4,785
Accrued charges and deferred income
+€57,886
Investment (derived)
-€24,675
Investment in fixed assets (net)
-€24,675
Cash 2025
€158,045
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,548,546 | €2,564,107 | +€15,560 | +0.6% |
| Fixed assets | 21/28 | €863,692 | €727,986 | -€135,707 | -15.7% |
| Intangible fixed assets | 21 | €11,872 | €7,803 | -€4,069 | -34.3% |
| Tangible fixed assets | 22/27 | €420,789 | €287,751 | -€133,038 | -31.6% |
| Plant, machinery and equipment | 23 | €7,201 | €9,936 | +€2,736 | +38.0% |
| Furniture and vehicles | 24 | €15,013 | €11,215 | -€3,798 | -25.3% |
| Other tangible fixed assets | 26 | €398,576 | €266,600 | -€131,976 | -33.1% |
| Financial fixed assets | 28 | €431,031 | €432,432 | +€1,401 | +0.3% |
| Other financial fixed assets | 284/8 | €431,031 | €432,432 | +€1,401 | +0.3% |
| Shares | 284 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €430,031 | €431,432 | +€1,401 | +0.3% |
| Current assets | 29/58 | €1,684,854 | €1,836,121 | +€151,267 | +9.0% |
| Stocks and contracts in progress | 3 | €191,745 | €251,655 | +€59,910 | +31.2% |
| Stocks | 30/36 | €191,745 | €251,655 | +€59,910 | +31.2% |
| Goods purchased for resale | 34 | €191,745 | €251,655 | +€59,910 | +31.2% |
| Amounts receivable within one year | 40/41 | €958,305 | €1,272,549 | +€314,244 | +32.8% |
| Trade receivables | 40 | €34,628 | €50,888 | +€16,260 | +47.0% |
| Other amounts receivable | 41 | €923,676 | €1,221,661 | +€297,984 | +32.3% |
| Cash at bank and in hand | 54/58 | €281,031 | €158,045 | -€122,986 | -43.8% |
| Deferred charges and accrued income | 490/1 | €253,774 | €153,872 | -€99,902 | -39.4% |
| Total equity and liabilities | 10/49 | €2,548,546 | €2,564,107 | +€15,560 | +0.6% |
| Equity | 10/15 | €1,434,930 | €1,434,832 | -€98 | 0.0% |
| Contributions | 10/11 | €1,312,000 | €1,312,000 | = | 0.0% |
| Capital | 10 | €1,312,000 | €1,312,000 | = | 0.0% |
| Issued capital | 100 | €1,312,000 | €1,312,000 | = | 0.0% |
| Reserves | 13 | €23,877 | €28,825 | +€4,948 | +20.7% |
| Non-distributable reserves | 130/1 | €23,877 | €28,825 | +€4,948 | +20.7% |
| Legal reserve | 130 | €23,877 | €28,825 | +€4,948 | +20.7% |
| Profit (loss) carried forward | 14 | €99,053 | €94,007 | -€5,045 | -5.1% |
| Amounts payable | 17/49 | €1,113,617 | €1,129,275 | +€15,658 | +1.4% |
| Amounts payable within one year | 42/48 | €851,176 | €808,947 | -€42,228 | -5.0% |
| Trade debts | 44 | €425,487 | €508,598 | +€83,111 | +19.5% |
| Suppliers | 440/4 | €425,487 | €508,598 | +€83,111 | +19.5% |
| Taxes, remuneration and social security | 45 | €425,688 | €295,564 | -€130,125 | -30.6% |
| Taxes | 450/3 | €196,736 | €48,556 | -€148,179 | -75.3% |
| Remuneration and social security | 454/9 | €228,953 | €247,007 | +€18,054 | +7.9% |
| Other amounts payable | 47/48 | - | €4,785 | +€4,785 | |
| Accrued charges and deferred income | 492/3 | €262,441 | €320,327 | +€57,886 | +22.1% |
| Operating income | 70/76A | €6,290,637 | €5,922,142 | -€368,495 | -5.9% |
| Turnover | 70 | €6,288,442 | €5,918,721 | -€369,721 | -5.9% |
| Other operating income | 74 | €2,195 | €3,421 | +€1,226 | +55.8% |
| Operating charges | 60/66A | €5,594,386 | €5,860,265 | +€265,880 | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €1,215,458 | €1,267,510 | +€52,051 | +4.3% |
| Purchases | 600/8 | €1,201,531 | €1,303,506 | +€101,976 | +8.5% |
| Change in stocks: decrease (increase) | 609 | €13,927 | -€35,997 | -€49,924 | |
| Services and other goods | 61 | €1,984,610 | €2,038,525 | +€53,915 | +2.7% |
| Remuneration, social security and pensions | 62 | €2,046,724 | €2,226,095 | +€179,370 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,895 | €160,382 | -€23,513 | -12.8% |
| Other operating charges | 640/8 | €162,977 | €167,754 | +€4,777 | +2.9% |
| Non-recurring operating charges | 66A | €721 | - | -€721 | |
| Operating profit (loss) | 9901 | €696,251 | €61,876 | -€634,375 | -91.1% |
| Financial income | 75/76B | €26,365 | €33,468 | +€7,103 | +26.9% |
| Recurring financial income | 75 | €26,365 | €33,468 | +€7,103 | +26.9% |
| Income from current assets | 751 | - | €32,501 | +€32,501 | |
| Other financial income | 752/9 | €26,365 | €967 | -€25,398 | -96.3% |
| Financial charges | 65/66B | €58,945 | €63,636 | +€4,691 | +8.0% |
| Recurring financial charges | 65 | €58,945 | €63,636 | +€4,691 | +8.0% |
| Debt charges | 650 | €15,646 | €1,215 | -€14,432 | -92.2% |
| Other financial charges | 652/9 | €43,299 | €62,422 | +€19,123 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €663,671 | €31,708 | -€631,962 | -95.2% |
| Income taxes | 67/77 | €124,183 | €31,806 | -€92,377 | -74.4% |
| Taxes | 670/3 | €124,183 | €31,806 | -€92,377 | -74.4% |
| Profit (loss) for the period | 9904 | €539,487 | -€98 | -€539,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €539,487 | -€98 | -€539,585 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.