LUSS: what changed
Two fiscal 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.
LUSS
Largest movements
- Tangible fixed assets +€518,501
up €518,501 (+157.0%), from €330,197 to €848,698
- Cash -€73,445
down €73,445 (-80.4%), from €91,340 to €17,895
mainly Investment in fixed assets (net) (-€555,509) and Other debts (-€53,983)
- Receivables within one year +€21,876
up €21,876 (+1229.6%), from €1,779 to €23,655
of which Trade receivables: +€16,839
- Deferred charges and accrued income -€10,665
down €10,665 (-44.4%), from €24,005 to €13,340
- Contributions +€502,000
up €502,000 (+4048.4%), from €12,400 to €514,400
- Other debts -€53,983
down €53,983 (-25.0%), from €216,055 to €162,071
- Accrued charges and deferred income +€11,458
new in 2025: €11,458
- Reserves -€11,203
down €11,203 (-5.5%), from €203,013 to €191,810
of which Distributable reserves: -€11,203
- Depreciation +€19,880
up €19,880 (+116.1%), from €17,129 to €37,009
- Gross operating margin -€4,727
down €4,727 (-11.2%), from €42,266 to €37,539
- Taxes -€3,996
down €3,996 (-100.0%), from €3,996 to €0
- Other operating charges +€1,610
up €1,610 (+16.1%), from €9,973 to €11,584
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 | €447,621 | €903,888 | +€456,267 | +101.9% |
| Fixed assets | 21/28 | €330,497 | €848,998 | +€518,501 | +156.9% |
| Tangible fixed assets | 22/27 | €330,197 | €848,698 | +€518,501 | +157.0% |
| Land and buildings | 22 | €330,197 | €848,698 | +€518,501 | +157.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €117,124 | €54,890 | -€62,234 | -53.1% |
| Amounts receivable within one year | 40/41 | €1,779 | €23,655 | +€21,876 | +1229.6% |
| Trade receivables | 40 | €812 | €17,650 | +€16,839 | +2074.4% |
| Other amounts receivable | 41 | €967 | €6,004 | +€5,037 | +520.7% |
| Cash at bank and in hand | 54/58 | €91,340 | €17,895 | -€73,445 | -80.4% |
| Deferred charges and accrued income | 490/1 | €24,005 | €13,340 | -€10,665 | -44.4% |
| Total equity and liabilities | 10/49 | €447,621 | €903,888 | +€456,267 | +101.9% |
| Equity | 10/15 | €215,413 | €706,210 | +€490,797 | +227.8% |
| Contributions | 10/11 | €12,400 | €514,400 | +€502,000 | +4048.4% |
| Reserves | 13 | €203,013 | €191,810 | -€11,203 | -5.5% |
| Tax-exempt reserves | 132 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €202,826 | €191,623 | -€11,203 | -5.5% |
| Amounts payable | 17/49 | €232,209 | €197,678 | -€34,530 | -14.9% |
| Amounts payable within one year | 42/48 | €232,209 | €186,221 | -€45,988 | -19.8% |
| Trade debts | 44 | €15,658 | €24,149 | +€8,491 | +54.2% |
| Suppliers | 440/4 | €15,658 | €24,149 | +€8,491 | +54.2% |
| Taxes, remuneration and social security | 45 | €496 | €0 | -€496 | -100.0% |
| Taxes | 450/3 | €496 | €0 | -€496 | -100.0% |
| Other amounts payable | 47/48 | €216,055 | €162,071 | -€53,983 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €11,458 | +€11,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,129 | €37,009 | +€19,880 | +116.1% |
| Other operating charges | 640/8 | €9,973 | €11,584 | +€1,610 | +16.1% |
| Gross operating margin | 9900 | €42,266 | €37,539 | -€4,727 | -11.2% |
| Operating profit (loss) | 9901 | €15,165 | -€11,053 | -€26,217 | |
| Financial charges | 65/66B | €86 | €150 | +€64 | +74.2% |
| Recurring financial charges | 65 | €86 | €150 | +€64 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €15,078 | -€11,203 | -€26,281 | |
| Income taxes | 67/77 | €3,996 | €0 | -€3,996 | -100.0% |
| Profit (loss) for the period | 9904 | €11,083 | -€11,203 | -€22,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,083 | -€11,203 | -€22,285 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.