Lusmar: 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.
Lusmar
Largest movements
- Stocks and contracts -€9,000
down €9,000 (-94.7%), from €9,500 to €500
- Receivables within one year -€7,910
no longer reported in 2025 (was €7,910)
of which Trade receivables: -€4,677
- Cash +€5,766
up €5,766 (+68.2%), from €8,460 to €14,226
mainly Stocks and contracts (+€9,000) and Receivables within one year (+€7,910)
- Financial fixed assets +€3,000
up €3,000 (+56.1%), from €5,351 to €8,351
- Tangible fixed assets -€1,000
down €1,000 (-25.4%), from €3,935 to €2,935
of which Plant, machinery and equipment: -€831
- Other debts -€17,438
down €17,438 (-90.8%), from €19,211 to €1,773
- Profit (loss) carried forward +€4,667
up €4,667 (+2697.4%), from €173 to €4,840
- Trade debts +€1,765
new in 2025: €1,765
- Tax, wage and social debts +€1,708
up €1,708 (+32.1%), from €5,324 to €7,032
- Gross operating margin +€8,805
up €8,805 (+118.4%), from €7,434 to €16,239
- Taxes +€4,250
up €4,250 (+1135.2%), from €374 to €4,625
- Other operating charges +€807
up €807 (+23.8%), from €3,387 to €4,194
- Depreciation -€678
down €678 (-22.8%), from €2,971 to €2,293
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 | €35,464 | €26,166 | -€9,298 | -26.2% |
| Fixed assets | 21/28 | €9,593 | €11,439 | +€1,846 | +19.2% |
| Intangible fixed assets | 21 | €307 | €153 | -€153 | -50.0% |
| Tangible fixed assets | 22/27 | €3,935 | €2,935 | -€1,000 | -25.4% |
| Plant, machinery and equipment | 23 | €3,597 | €2,766 | -€831 | -23.1% |
| Furniture and vehicles | 24 | €338 | €169 | -€169 | -50.0% |
| Financial fixed assets | 28 | €5,351 | €8,351 | +€3,000 | +56.1% |
| Current assets | 29/58 | €25,871 | €14,726 | -€11,144 | -43.1% |
| Stocks and contracts in progress | 3 | €9,500 | €500 | -€9,000 | -94.7% |
| Stocks | 30/36 | €9,500 | €500 | -€9,000 | -94.7% |
| Amounts receivable within one year | 40/41 | €7,910 | - | -€7,910 | |
| Trade receivables | 40 | €4,677 | - | -€4,677 | |
| Other amounts receivable | 41 | €3,234 | - | -€3,234 | |
| Cash at bank and in hand | 54/58 | €8,460 | €14,226 | +€5,766 | +68.2% |
| Total equity and liabilities | 10/49 | €35,464 | €26,166 | -€9,298 | -26.2% |
| Equity | 10/15 | €10,929 | €15,596 | +€4,667 | +42.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €1,756 | €1,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,756 | €1,756 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,756 | €1,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173 | €4,840 | +€4,667 | +2697.4% |
| Amounts payable | 17/49 | €24,535 | €10,570 | -€13,965 | -56.9% |
| Amounts payable within one year | 42/48 | €24,535 | €10,570 | -€13,965 | -56.9% |
| Trade debts | 44 | - | €1,765 | +€1,765 | |
| Suppliers | 440/4 | - | €1,765 | +€1,765 | |
| Taxes, remuneration and social security | 45 | €5,324 | €7,032 | +€1,708 | +32.1% |
| Taxes | 450/3 | €5,324 | €7,032 | +€1,708 | +32.1% |
| Other amounts payable | 47/48 | €19,211 | €1,773 | -€17,438 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,971 | €2,293 | -€678 | -22.8% |
| Other operating charges | 640/8 | €3,387 | €4,194 | +€807 | +23.8% |
| Gross operating margin | 9900 | €7,434 | €16,239 | +€8,805 | +118.4% |
| Operating profit (loss) | 9901 | €1,076 | €9,752 | +€8,676 | +806.3% |
| Financial income | 75/76B | €45 | €35 | -€10 | -22.9% |
| Recurring financial income | 75 | €45 | €35 | -€10 | -22.9% |
| Financial charges | 65/66B | €574 | €496 | -€78 | -13.6% |
| Recurring financial charges | 65 | €574 | €496 | -€78 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €547 | €9,291 | +€8,744 | +1597.4% |
| Income taxes | 67/77 | €374 | €4,625 | +€4,250 | +1135.2% |
| Profit (loss) for the period | 9904 | €173 | €4,667 | +€4,494 | +2597.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173 | €4,667 | +€4,494 | +2597.4% |
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 11 October 2026 via checked.be.