LUSOGYP: 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.
LUSOGYP
Largest movements
- Receivables within one year +€105,420
up €105,420 (+39.0%), from €270,102 to €375,522
of which Trade receivables: +€55,113
- Tangible fixed assets +€45,362
up €45,362 (+876%), from €5,176 to €50,537
of which Furniture and vehicles: +€47,033
- Cash -€23,541
down €23,541 (-44.6%), from €52,800 to €29,259
mainly Receivables within one year (-€105,420) and Investment in fixed assets (net) (-€55,948)
- Deferred charges and accrued income +€7,779
up €7,779 (+133%), from €5,866 to €13,644
- Reserves +€74,766
up €74,766 (+363%), from €20,610 to €95,376
of which Distributable reserves: +€74,766
- Profit (loss) carried forward -€50,000
down €50,000 (-38.2%), from €130,944 to €80,944
- Other debts +€50,000
new in 2025: €50,000
- Debts after one year +€31,013
up €31,013 (+579%), from €5,358 to €36,371
- Trade debts +€12,828
up €12,828 (+13.2%), from €97,109 to €109,937
- Gross operating margin +€128,651
up €128,651 (+52.3%), from €246,107 to €374,758
- Staff costs +€97,950
up €97,950 (+65.0%), from €150,756 to €248,706
- Taxes +€18,601
up €18,601 (+120%), from €15,507 to €34,108
- Write-downs -€15,301
no longer reported in 2025 (was €15,301)
- Depreciation +€8,324
up €8,324 (+368%), from €2,262 to €10,586
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 | €335,986 | €471,005 | +€135,020 | +40.2% |
| Fixed assets | 21/28 | €7,219 | €52,580 | +€45,362 | +628% |
| Tangible fixed assets | 22/27 | €5,176 | €50,537 | +€45,362 | +876% |
| Plant, machinery and equipment | 23 | €3,816 | €2,145 | -€1,672 | -43.8% |
| Furniture and vehicles | 24 | €1,359 | €48,393 | +€47,033 | +3,460% |
| Financial fixed assets | 28 | €2,043 | €2,043 | = | 0.0% |
| Current assets | 29/58 | €328,767 | €418,425 | +€89,658 | +27.3% |
| Amounts receivable within one year | 40/41 | €270,102 | €375,522 | +€105,420 | +39.0% |
| Trade receivables | 40 | €182,136 | €237,249 | +€55,113 | +30.3% |
| Other amounts receivable | 41 | €87,966 | €138,273 | +€50,307 | +57.2% |
| Cash at bank and in hand | 54/58 | €52,800 | €29,259 | -€23,541 | -44.6% |
| Deferred charges and accrued income | 490/1 | €5,866 | €13,644 | +€7,779 | +133% |
| Total equity and liabilities | 10/49 | €335,986 | €471,005 | +€135,020 | +40.2% |
| Equity | 10/15 | €170,154 | €194,921 | +€24,766 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €95,376 | +€74,766 | +363% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €76,626 | +€74,766 | +4,020% |
| Profit (loss) carried forward | 14 | €130,944 | €80,944 | -€50,000 | -38.2% |
| Amounts payable | 17/49 | €165,831 | €276,085 | +€110,253 | +66.5% |
| Amounts payable after more than one year | 17 | €5,358 | €36,371 | +€31,013 | +579% |
| Financial debts | 170/4 | €5,358 | €36,371 | +€31,013 | +579% |
| Amounts payable within one year | 42/48 | €160,010 | €239,240 | +€79,230 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €2,587 | €12,118 | +€9,531 | +368% |
| Trade debts | 44 | €97,109 | €109,937 | +€12,828 | +13.2% |
| Suppliers | 440/4 | €97,109 | €109,937 | +€12,828 | +13.2% |
| Taxes, remuneration and social security | 45 | €60,314 | €67,185 | +€6,871 | +11.4% |
| Taxes | 450/3 | €41,106 | €49,615 | +€8,509 | +20.7% |
| Remuneration and social security | 454/9 | €19,207 | €17,570 | -€1,638 | -8.5% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €464 | €475 | +€11 | +2.3% |
| Remuneration, social security and pensions | 62 | €150,756 | €248,706 | +€97,950 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,262 | €10,586 | +€8,324 | +368% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,301 | - | -€15,301 | |
| Other operating charges | 640/8 | €2,158 | €7,219 | +€5,061 | +234% |
| Gross operating margin | 9900 | €246,107 | €374,758 | +€128,651 | +52.3% |
| Operating profit (loss) | 9901 | €75,630 | €108,247 | +€32,616 | +43.1% |
| Financial income | 75/76B | €60 | €4,797 | +€4,737 | +7,872% |
| Recurring financial income | 75 | €60 | €4,797 | +€4,737 | +7,872% |
| Financial charges | 65/66B | €8,323 | €4,169 | -€4,153 | -49.9% |
| Recurring financial charges | 65 | €8,323 | €4,169 | -€4,153 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €67,368 | €108,874 | +€41,506 | +61.6% |
| Income taxes | 67/77 | €15,507 | €34,108 | +€18,601 | +120% |
| Profit (loss) for the period | 9904 | €51,861 | €74,766 | +€22,906 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,861 | €74,766 | +€22,906 | +44.2% |
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 26 October 2026 via checked.be.