LUSSO PROJECTS: 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.
LUSSO PROJECTS
Largest movements
- Tangible fixed assets +€25,779
up €25,779 (+74.0%), from €34,859 to €60,638
of which Furniture and vehicles: +€21,975
- Receivables within one year -€7,645
down €7,645 (-20.5%), from €37,299 to €29,654
of which Other amounts receivable: -€5,674
- Cash -€2,703
down €2,703 (-22.0%), from €12,284 to €9,581
mainly Investment in fixed assets (net) (-€32,984) and Debts after one year (-€15,153)
- Stocks and contracts -€2,580
no longer reported in 2025 (was €2,580)
- Trade debts +€23,948
up €23,948 (+652%), from €3,675 to €27,623
- Debts after one year -€15,153
down €15,153 (-70.3%), from €21,560 to €6,407
of which Other amounts payable: -€17,653
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€5,457
down €5,457 (-13.9%), from €39,145 to €33,688
- Purchases and services +€140,374
up €140,374 (+402%), from €34,915 to €175,289
- Turnover +€135,305
up €135,305 (+388%), from €34,831 to €170,136
- Other operating charges -€5,847
down €5,847 (-79.7%), from €7,335 to €1,488
- Depreciation +€5,249
up €5,249 (+268%), from €1,956 to €7,205
- Gross operating margin -€4,751
down €4,751 (-48.2%), from €9,860 to €5,109
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 | €87,489 | €100,652 | +€13,163 | +15.0% |
| Fixed assets | 21/28 | €34,859 | €60,638 | +€25,779 | +74.0% |
| Tangible fixed assets | 22/27 | €34,859 | €60,638 | +€25,779 | +74.0% |
| Land and buildings | 22 | €25,191 | €24,589 | -€602 | -2.4% |
| Plant, machinery and equipment | 23 | €1,471 | €5,877 | +€4,406 | +300% |
| Furniture and vehicles | 24 | €8,197 | €30,172 | +€21,975 | +268% |
| Current assets | 29/58 | €52,630 | €40,014 | -€12,616 | -24.0% |
| Stocks and contracts in progress | 3 | €2,580 | - | -€2,580 | |
| Stocks | 30/36 | €2,580 | - | -€2,580 | |
| Amounts receivable within one year | 40/41 | €37,299 | €29,654 | -€7,645 | -20.5% |
| Trade receivables | 40 | €31,625 | €29,654 | -€1,971 | -6.2% |
| Other amounts receivable | 41 | €5,674 | - | -€5,674 | |
| Cash at bank and in hand | 54/58 | €12,284 | €9,581 | -€2,703 | -22.0% |
| Deferred charges and accrued income | 490/1 | €467 | €779 | +€312 | +66.8% |
| Total equity and liabilities | 10/49 | €87,489 | €100,652 | +€13,163 | +15.0% |
| Equity | 10/15 | €59,596 | €54,139 | -€5,457 | -9.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,145 | €33,688 | -€5,457 | -13.9% |
| Amounts payable | 17/49 | €27,893 | €46,513 | +€18,620 | +66.8% |
| Amounts payable after more than one year | 17 | €21,560 | €6,407 | -€15,153 | -70.3% |
| Financial debts | 170/4 | - | €2,500 | +€2,500 | |
| Other amounts payable | 178/9 | €21,560 | €3,907 | -€17,653 | -81.9% |
| Amounts payable within one year | 42/48 | €6,333 | €40,106 | +€33,773 | +533% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €3,675 | €27,623 | +€23,948 | +652% |
| Suppliers | 440/4 | €3,675 | €27,623 | +€23,948 | +652% |
| Taxes, remuneration and social security | 45 | €2,658 | €2,483 | -€175 | -6.6% |
| Taxes | 450/3 | €258 | €2,483 | +€2,225 | +862% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Turnover | 70 | €34,831 | €170,136 | +€135,305 | +388% |
| Non-recurring operating income | 76A | €9,944 | €10,262 | +€318 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,915 | €175,289 | +€140,374 | +402% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956 | €7,205 | +€5,249 | +268% |
| Other operating charges | 640/8 | €7,335 | €1,488 | -€5,847 | -79.7% |
| Gross operating margin | 9900 | €9,860 | €5,109 | -€4,751 | -48.2% |
| Operating profit (loss) | 9901 | €569 | -€3,584 | -€4,153 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €966 | €1,551 | +€585 | +60.6% |
| Recurring financial charges | 65 | €966 | €1,551 | +€585 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | -€397 | -€5,130 | -€4,733 | -1,192% |
| Income taxes | 67/77 | €258 | €327 | +€69 | +26.7% |
| Profit (loss) for the period | 9904 | -€655 | -€5,457 | -€4,802 | -733% |
| Profit (loss) for the period to be appropriated | 9905 | -€655 | -€5,457 | -€4,802 | -733% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.