LUSK CAPITAL: 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.
LUSK CAPITAL
Largest movements
- Receivables within one year -€17,745
down €17,745 (-72.5%), from €24,471 to €6,727
of which Other amounts receivable: -€14,441
- Tangible fixed assets +€10,726
up €10,726 (+218%), from €4,916 to €15,641
of which Furniture and vehicles: +€15,641
- Cash +€693
up €693 (+1,151%), from €60 to €753
mainly Receivables within one year (+€17,745) and Trade debts (+€12,580)
- Other debts -€19,667
down €19,667 (-75.4%), from €26,096 to €6,429
- Trade debts +€12,580
up €12,580 (+173%), from €7,265 to €19,846
- Profit (loss) carried forward +€3,767
up €3,767 (+287%), from €1,314 to €5,081
- Tax, wage and social debts -€2,178
down €2,178 (-77.5%), from €2,810 to €633
- Accrued charges and deferred income -€760
down €760 (-100%), from €760 to €0
- Gross operating margin +€27,122
up €27,122, from -€15,270 to €11,852
- Taxes +€2,223
up €2,223 (+1,236%), from €180 to €2,403
- Depreciation +€1,643
up €1,643 (+55.7%), from €2,948 to €4,591
- Other operating charges +€700
new in 2025: €700
- Financial charges -€227
down €227 (-36.7%), from €618 to €391
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 | €40,746 | €34,488 | -€6,258 | -15.4% |
| Fixed assets | 21/28 | €14,916 | €25,641 | +€10,726 | +71.9% |
| Tangible fixed assets | 22/27 | €4,916 | €15,641 | +€10,726 | +218% |
| Plant, machinery and equipment | 23 | €4,916 | - | -€4,916 | |
| Furniture and vehicles | 24 | - | €15,641 | +€15,641 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €25,830 | €8,847 | -€16,983 | -65.8% |
| Amounts receivable within one year | 40/41 | €24,471 | €6,727 | -€17,745 | -72.5% |
| Trade receivables | 40 | €10,030 | €6,727 | -€3,304 | -32.9% |
| Other amounts receivable | 41 | €14,441 | €0 | -€14,441 | -100% |
| Cash at bank and in hand | 54/58 | €60 | €753 | +€693 | +1,151% |
| Deferred charges and accrued income | 490/1 | €1,298 | €1,367 | +€68 | +5.3% |
| Total equity and liabilities | 10/49 | €40,746 | €34,488 | -€6,258 | -15.4% |
| Equity | 10/15 | €3,814 | €7,581 | +€3,767 | +98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,314 | €5,081 | +€3,767 | +287% |
| Amounts payable | 17/49 | €36,931 | €26,907 | -€10,024 | -27.1% |
| Amounts payable within one year | 42/48 | €36,171 | €26,907 | -€9,264 | -25.6% |
| Trade debts | 44 | €7,265 | €19,846 | +€12,580 | +173% |
| Suppliers | 440/4 | €7,265 | €19,846 | +€12,580 | +173% |
| Taxes, remuneration and social security | 45 | €2,810 | €633 | -€2,178 | -77.5% |
| Taxes | 450/3 | €2,810 | €633 | -€2,178 | -77.5% |
| Other amounts payable | 47/48 | €26,096 | €6,429 | -€19,667 | -75.4% |
| Accrued charges and deferred income | 492/3 | €760 | €0 | -€760 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €4,591 | +€1,643 | +55.7% |
| Other operating charges | 640/8 | - | €700 | +€700 | |
| Gross operating margin | 9900 | -€15,270 | €11,852 | +€27,122 | |
| Operating profit (loss) | 9901 | -€18,218 | €6,561 | +€24,779 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €618 | €391 | -€227 | -36.7% |
| Recurring financial charges | 65 | €618 | €391 | -€227 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,836 | €6,170 | +€25,006 | |
| Income taxes | 67/77 | €180 | €2,403 | +€2,223 | +1,236% |
| Profit (loss) for the period | 9904 | -€19,016 | €3,767 | +€22,782 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,016 | €3,767 | +€22,782 |
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 22 October 2026 via checked.be.