LUSOBEL: 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.
LUSOBEL
Largest movements
- Cash +€9,481
up €9,481 (+15.3%), from €61,913 to €71,394
mainly Stocks and contracts (+€9,269) and Tax, wage and social debts (+€8,426)
- Stocks and contracts -€9,269
down €9,269 (-7.5%), from €123,773 to €114,504
- Receivables within one year -€3,023
down €3,023 (-33.2%), from €9,094 to €6,071
of which Trade receivables: -€2,195
- Tangible fixed assets +€2,967
up €2,967 (+52.9%), from €5,606 to €8,573
of which Furniture and vehicles: +€3,380
- Trade debts -€13,158
down €13,158 (-14.2%), from €92,780 to €79,622
- Tax, wage and social debts +€8,426
up €8,426 (+43.7%), from €19,261 to €27,687
of which Remuneration and social security: +€4,344
- Profit (loss) carried forward +€5,698
up €5,698 (+8.7%), from €65,284 to €70,982
- Gross operating margin +€3,500
up €3,500 (+9.9%), from €35,424 to €38,924
- Staff costs +€2,962
up €2,962 (+23.1%), from €12,802 to €15,764
- Other operating charges +€2,934
up €2,934 (+53.4%), from €5,495 to €8,428
- Taxes -€918
down €918 (-30.3%), from €3,030 to €2,111
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,257 | €203,608 | +€351 | +0.2% |
| Fixed assets | 21/28 | €6,620 | €9,587 | +€2,967 | +44.8% |
| Tangible fixed assets | 22/27 | €5,606 | €8,573 | +€2,967 | +52.9% |
| Plant, machinery and equipment | 23 | €782 | €369 | -€413 | -52.8% |
| Furniture and vehicles | 24 | €4,824 | €8,204 | +€3,380 | +70.1% |
| Financial fixed assets | 28 | €1,014 | €1,014 | = | 0.0% |
| Current assets | 29/58 | €196,637 | €194,022 | -€2,615 | -1.3% |
| Stocks and contracts in progress | 3 | €123,773 | €114,504 | -€9,269 | -7.5% |
| Stocks | 30/36 | €123,773 | €114,504 | -€9,269 | -7.5% |
| Amounts receivable within one year | 40/41 | €9,094 | €6,071 | -€3,023 | -33.2% |
| Trade receivables | 40 | €8,266 | €6,071 | -€2,195 | -26.6% |
| Other amounts receivable | 41 | €828 | - | -€828 | |
| Cash at bank and in hand | 54/58 | €61,913 | €71,394 | +€9,481 | +15.3% |
| Deferred charges and accrued income | 490/1 | €1,857 | €2,053 | +€196 | +10.5% |
| Total equity and liabilities | 10/49 | €203,257 | €203,608 | +€351 | +0.2% |
| Equity | 10/15 | €85,744 | €91,442 | +€5,698 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,284 | €70,982 | +€5,698 | +8.7% |
| Amounts payable | 17/49 | €117,513 | €112,166 | -€5,347 | -4.5% |
| Amounts payable within one year | 42/48 | €117,513 | €112,166 | -€5,347 | -4.5% |
| Trade debts | 44 | €92,780 | €79,622 | -€13,158 | -14.2% |
| Suppliers | 440/4 | €92,780 | €79,622 | -€13,158 | -14.2% |
| Taxes, remuneration and social security | 45 | €19,261 | €27,687 | +€8,426 | +43.7% |
| Taxes | 450/3 | €13,510 | €17,592 | +€4,082 | +30.2% |
| Remuneration and social security | 454/9 | €5,751 | €10,095 | +€4,344 | +75.5% |
| Other amounts payable | 47/48 | €5,472 | €4,857 | -€615 | -11.2% |
| Remuneration, social security and pensions | 62 | €12,802 | €15,764 | +€2,962 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €4,862 | -€25 | -0.5% |
| Other operating charges | 640/8 | €5,495 | €8,428 | +€2,934 | +53.4% |
| Gross operating margin | 9900 | €35,424 | €38,924 | +€3,500 | +9.9% |
| Operating profit (loss) | 9901 | €12,240 | €9,869 | -€2,372 | -19.4% |
| Financial income | 75/76B | €76 | €3 | -€73 | -95.9% |
| Recurring financial income | 75 | €76 | €3 | -€73 | -95.9% |
| Financial charges | 65/66B | €1,731 | €2,062 | +€331 | +19.1% |
| Recurring financial charges | 65 | €1,731 | €2,062 | +€331 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €10,585 | €7,809 | -€2,775 | -26.2% |
| Income taxes | 67/77 | €3,030 | €2,111 | -€918 | -30.3% |
| Profit (loss) for the period | 9904 | €7,555 | €5,698 | -€1,857 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,555 | €5,698 | -€1,857 | -24.6% |
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 15 October 2026 via checked.be.