LUST-KESTENS: 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.
LUST-KESTENS
Largest movements
- Tangible fixed assets +€21,996
up €21,996 (+1,584%), from €1,389 to €23,385
of which Furniture and vehicles: +€21,558
- Receivables within one year -€16,563
down €16,563 (-93.9%), from €17,639 to €1,076
of which Trade receivables: -€13,908
- Stocks and contracts +€9,876
up €9,876 (+95.9%), from €10,300 to €20,176
of which Contracts in progress: +€7,250
- Cash +€3,875
new in 2025: €3,875
mainly Current portion of long-term debt (+€22,790) and Receivables within one year (+€16,563)
- Current portion of long-term debt +€22,790
new in 2025: €22,790
- Profit (loss) carried forward +€8,997
up €8,997 (+64.4%), from -€13,968 to -€4,971
- Other debts -€8,649
down €8,649 (-48.5%), from €17,834 to €9,185
- Trade debts -€3,646
down €3,646 (-78.2%), from €4,665 to €1,019
- Tax, wage and social debts +€1,053
up €1,053 (+201%), from €525 to €1,578
- Gross operating margin +€3,388
up €3,388 (+26.9%), from €12,584 to €15,972
- Depreciation +€1,624
up €1,624 (+93.3%), from €1,741 to €3,364
- Other operating charges +€1,340
up €1,340 (+74.8%), from €1,791 to €3,132
- Financial charges -€841
down €841 (-63.7%), from €1,321 to €480
- Taxes -€280
no longer reported in 2025 (was €280)
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 | €30,532 | €50,061 | +€19,529 | +64.0% |
| Fixed assets | 21/28 | €1,459 | €23,385 | +€21,926 | +1,503% |
| Intangible fixed assets | 21 | €70 | - | -€70 | |
| Tangible fixed assets | 22/27 | €1,389 | €23,385 | +€21,996 | +1,584% |
| Land and buildings | 22 | €351 | €92 | -€259 | -73.8% |
| Plant, machinery and equipment | 23 | €1,038 | €1,734 | +€697 | +67.2% |
| Furniture and vehicles | 24 | - | €21,558 | +€21,558 | |
| Current assets | 29/58 | €29,073 | €26,677 | -€2,396 | -8.2% |
| Stocks and contracts in progress | 3 | €10,300 | €20,176 | +€9,876 | +95.9% |
| Stocks | 30/36 | €10,300 | €12,926 | +€2,626 | +25.5% |
| Contracts in progress | 37 | - | €7,250 | +€7,250 | |
| Amounts receivable within one year | 40/41 | €17,639 | €1,076 | -€16,563 | -93.9% |
| Trade receivables | 40 | €13,943 | €35 | -€13,908 | -99.7% |
| Other amounts receivable | 41 | €3,696 | €1,041 | -€2,655 | -71.8% |
| Cash at bank and in hand | 54/58 | - | €3,875 | +€3,875 | |
| Deferred charges and accrued income | 490/1 | €1,133 | €1,550 | +€416 | +36.7% |
| Total equity and liabilities | 10/49 | €30,532 | €50,061 | +€19,529 | +64.0% |
| Equity | 10/15 | €6,492 | €15,489 | +€8,997 | +139% |
| 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 | -€13,968 | -€4,971 | +€8,997 | +64.4% |
| Amounts payable | 17/49 | €24,040 | €34,573 | +€10,533 | +43.8% |
| Amounts payable within one year | 42/48 | €24,040 | €34,573 | +€10,533 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | - | €22,790 | +€22,790 | |
| Financial debts | 43 | €1,016 | - | -€1,016 | |
| Credit institutions | 430/8 | €1,016 | - | -€1,016 | |
| Trade debts | 44 | €4,665 | €1,019 | -€3,646 | -78.2% |
| Suppliers | 440/4 | €4,665 | €1,019 | -€3,646 | -78.2% |
| Taxes, remuneration and social security | 45 | €525 | €1,578 | +€1,053 | +201% |
| Taxes | 450/3 | €525 | €1,578 | +€1,053 | +201% |
| Other amounts payable | 47/48 | €17,834 | €9,185 | -€8,649 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €3,364 | +€1,624 | +93.3% |
| Other operating charges | 640/8 | €1,791 | €3,132 | +€1,340 | +74.8% |
| Gross operating margin | 9900 | €12,584 | €15,972 | +€3,388 | +26.9% |
| Operating profit (loss) | 9901 | €9,052 | €9,476 | +€424 | +4.7% |
| Financial charges | 65/66B | €1,321 | €480 | -€841 | -63.7% |
| Recurring financial charges | 65 | €1,321 | €480 | -€841 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €7,731 | €8,997 | +€1,266 | +16.4% |
| Income taxes | 67/77 | €280 | - | -€280 | |
| Profit (loss) for the period | 9904 | €7,451 | €8,997 | +€1,546 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,451 | €8,997 | +€1,546 | +20.7% |
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 30 October 2026 via checked.be.