LUSO WORK: 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.
LUSO WORK
Largest movements
- Deferred charges and accrued income +€20,742
up €20,742 (+5,559%), from €373 to €21,115
- Cash -€19,250
down €19,250 (-53.3%), from €36,128 to €16,878
mainly Deferred charges and accrued income (-€20,742) and Trade debts (-€15,454)
- Receivables within one year -€9,124
down €9,124 (-12.9%), from €70,615 to €61,491
of which Trade receivables: -€19,583
- Tangible fixed assets -€5,058
down €5,058 (-15.6%), from €32,409 to €27,351
of which Leasing and similar rights: -€6,400
- Trade debts -€15,454
down €15,454 (-44.3%), from €34,918 to €19,464
- Debts after one year -€5,921
down €5,921 (-34.6%), from €17,123 to €11,203
- Profit (loss) carried forward +€4,487
up €4,487 (+6.9%), from €65,370 to €69,857
- Tax, wage and social debts +€3,663
up €3,663 (+41.1%), from €8,908 to €12,571
of which Taxes: +€4,063
- Gross operating margin -€26,435
down €26,435 (-62.4%), from €42,397 to €15,963
- Taxes -€8,358
down €8,358 (-86.6%), from €9,647 to €1,289
- Depreciation +€5,511
up €5,511 (+196%), from €2,817 to €8,328
- Other operating charges -€1,566
down €1,566 (-64.3%), from €2,434 to €869
- Financial charges +€1,120
up €1,120 (+108%), from €1,040 to €2,160
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,765 | €127,075 | -€12,690 | -9.1% |
| Fixed assets | 21/28 | €32,649 | €27,591 | -€5,058 | -15.5% |
| Tangible fixed assets | 22/27 | €32,409 | €27,351 | -€5,058 | -15.6% |
| Plant, machinery and equipment | 23 | €2,217 | €3,559 | +€1,342 | +60.5% |
| Leasing and similar rights | 25 | €30,192 | €23,792 | -€6,400 | -21.2% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €107,116 | €99,484 | -€7,633 | -7.1% |
| Amounts receivable within one year | 40/41 | €70,615 | €61,491 | -€9,124 | -12.9% |
| Trade receivables | 40 | €53,583 | €33,999 | -€19,583 | -36.5% |
| Other amounts receivable | 41 | €17,032 | €27,491 | +€10,459 | +61.4% |
| Cash at bank and in hand | 54/58 | €36,128 | €16,878 | -€19,250 | -53.3% |
| Deferred charges and accrued income | 490/1 | €373 | €21,115 | +€20,742 | +5,559% |
| Total equity and liabilities | 10/49 | €139,765 | €127,075 | -€12,690 | -9.1% |
| Equity | 10/15 | €73,430 | €77,917 | +€4,487 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €65,370 | €69,857 | +€4,487 | +6.9% |
| Amounts payable | 17/49 | €66,336 | €49,159 | -€17,177 | -25.9% |
| Amounts payable after more than one year | 17 | €17,123 | €11,203 | -€5,921 | -34.6% |
| Financial debts | 170/4 | €17,123 | €11,203 | -€5,921 | -34.6% |
| Amounts payable within one year | 42/48 | €49,213 | €37,956 | -€11,257 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €5,386 | €5,921 | +€535 | +9.9% |
| Trade debts | 44 | €34,918 | €19,464 | -€15,454 | -44.3% |
| Suppliers | 440/4 | €34,918 | €19,464 | -€15,454 | -44.3% |
| Taxes, remuneration and social security | 45 | €8,908 | €12,571 | +€3,663 | +41.1% |
| Taxes | 450/3 | €8,508 | €12,571 | +€4,063 | +47.7% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,817 | €8,328 | +€5,511 | +196% |
| Other operating charges | 640/8 | €2,434 | €869 | -€1,566 | -64.3% |
| Gross operating margin | 9900 | €42,397 | €15,963 | -€26,435 | -62.4% |
| Operating profit (loss) | 9901 | €37,146 | €6,766 | -€30,380 | -81.8% |
| Financial income | 75/76B | €665 | €1,170 | +€504 | +75.8% |
| Recurring financial income | 75 | €665 | €1,170 | +€504 | +75.8% |
| Financial charges | 65/66B | €1,040 | €2,160 | +€1,120 | +108% |
| Recurring financial charges | 65 | €1,040 | €2,160 | +€1,120 | +108% |
| Profit (loss) for the period before taxes | 9903 | €36,772 | €5,776 | -€30,996 | -84.3% |
| Income taxes | 67/77 | €9,647 | €1,289 | -€8,358 | -86.6% |
| Profit (loss) for the period | 9904 | €27,125 | €4,487 | -€22,638 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,125 | €4,487 | -€22,638 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.