LuSi: 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.
LuSi
Largest movements
- Cash +€13,755
up €13,755 (+84.1%), from €16,362 to €30,116
mainly Net result for the year (+€81,434) and Tax, wage and social debts (+€20,070)
- Deferred charges and accrued income +€3,033
up €3,033 (+34.6%), from €8,778 to €11,811
- Receivables within one year -€2,301
down €2,301 (-9.7%), from €23,808 to €21,508
of which Trade receivables: -€6,857
- Tangible fixed assets -€957
down €957 (-44.7%), from €2,142 to €1,185
- Tax, wage and social debts +€20,070
up €20,070 (+104.8%), from €19,146 to €39,216
- Trade debts -€5,821
down €5,821 (-54.1%), from €10,765 to €4,944
- Gross operating margin +€29,458
up €29,458 (+35.3%), from €83,563 to €113,021
- Taxes +€7,985
up €7,985 (+37.1%), from €21,508 to €29,493
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 | €51,090 | €64,620 | +€13,530 | +26.5% |
| Fixed assets | 21/28 | €2,142 | €1,185 | -€957 | -44.7% |
| Tangible fixed assets | 22/27 | €2,142 | €1,185 | -€957 | -44.7% |
| Furniture and vehicles | 24 | €2,142 | €1,185 | -€957 | -44.7% |
| Current assets | 29/58 | €48,948 | €63,435 | +€14,487 | +29.6% |
| Amounts receivable within one year | 40/41 | €23,808 | €21,508 | -€2,301 | -9.7% |
| Trade receivables | 40 | €10,001 | €3,144 | -€6,857 | -68.6% |
| Other amounts receivable | 41 | €13,808 | €18,364 | +€4,557 | +33.0% |
| Cash at bank and in hand | 54/58 | €16,362 | €30,116 | +€13,755 | +84.1% |
| Deferred charges and accrued income | 490/1 | €8,778 | €11,811 | +€3,033 | +34.6% |
| Total equity and liabilities | 10/49 | €51,090 | €64,620 | +€13,530 | +26.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,630 | €44,160 | +€13,530 | +44.2% |
| Amounts payable within one year | 42/48 | €30,280 | €44,160 | +€13,880 | +45.8% |
| Trade debts | 44 | €10,765 | €4,944 | -€5,821 | -54.1% |
| Suppliers | 440/4 | €10,765 | €4,944 | -€5,821 | -54.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,146 | €39,216 | +€20,070 | +104.8% |
| Taxes | 450/3 | €19,146 | €39,216 | +€20,070 | +104.8% |
| Other amounts payable | 47/48 | €369 | €0 | -€369 | -100.0% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €957 | = | 0.0% |
| Other operating charges | 640/8 | €280 | €291 | +€11 | +4.1% |
| Gross operating margin | 9900 | €83,563 | €113,021 | +€29,458 | +35.3% |
| Operating profit (loss) | 9901 | €82,326 | €111,773 | +€29,446 | +35.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1600.0% |
| Financial charges | 65/66B | €915 | €847 | -€69 | -7.5% |
| Recurring financial charges | 65 | €915 | €847 | -€69 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €81,411 | €110,927 | +€29,516 | +36.3% |
| Income taxes | 67/77 | €21,508 | €29,493 | +€7,985 | +37.1% |
| Profit (loss) for the period | 9904 | €59,904 | €81,434 | +€21,530 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,904 | €81,434 | +€21,530 | +35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.