LUSTHOF: 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.
LUSTHOF
Largest movements
- Cash -€14,469
down €14,469 (-20.9%), from €69,065 to €54,596
mainly Debts after one year (-€19,548) and Investment in fixed assets (net) (-€11,268)
- Deferred charges and accrued income +€7,812
up €7,812 (+39,274%), from €20 to €7,832
- Receivables within one year +€5,345
up €5,345 (+84.5%), from €6,327 to €11,672
of which Other amounts receivable: +€4,696
- Reserves +€22,761
up €22,761 (+12.5%), from €182,671 to €205,432
- Debts after one year -€19,548
down €19,548 (-92.2%), from €21,193 to €1,645
- Trade debts -€9,398
down €9,398 (-48.2%), from €19,508 to €10,109
- Tax, wage and social debts +€5,711
up €5,711 (+64.9%), from €8,802 to €14,513
of which Remuneration and social security: +€11,225
- Gross operating margin -€10,450
down €10,450 (-3.5%), from €296,027 to €285,578
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 | €272,694 | €271,544 | -€1,150 | -0.4% |
| Fixed assets | 21/28 | €197,282 | €197,444 | +€162 | +0.1% |
| Tangible fixed assets | 22/27 | €197,282 | €197,444 | +€162 | +0.1% |
| Land and buildings | 22 | €193,040 | €195,190 | +€2,150 | +1.1% |
| Furniture and vehicles | 24 | €1,181 | €921 | -€260 | -22.0% |
| Other tangible fixed assets | 26 | €3,060 | €1,332 | -€1,728 | -56.5% |
| Current assets | 29/58 | €75,412 | €74,100 | -€1,312 | -1.7% |
| Amounts receivable within one year | 40/41 | €6,327 | €11,672 | +€5,345 | +84.5% |
| Trade receivables | 40 | €5,851 | €6,500 | +€649 | +11.1% |
| Other amounts receivable | 41 | €476 | €5,172 | +€4,696 | +986% |
| Cash at bank and in hand | 54/58 | €69,065 | €54,596 | -€14,469 | -20.9% |
| Deferred charges and accrued income | 490/1 | €20 | €7,832 | +€7,812 | +39,274% |
| Total equity and liabilities | 10/49 | €272,694 | €271,544 | -€1,150 | -0.4% |
| Equity | 10/15 | €201,263 | €224,024 | +€22,761 | +11.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €182,671 | €205,432 | +€22,761 | +12.5% |
| Distributable reserves | 133 | €182,671 | €205,432 | +€22,761 | +12.5% |
| Amounts payable | 17/49 | €71,430 | €47,520 | -€23,911 | -33.5% |
| Amounts payable after more than one year | 17 | €21,193 | €1,645 | -€19,548 | -92.2% |
| Financial debts | 170/4 | €21,193 | €1,645 | -€19,548 | -92.2% |
| Amounts payable within one year | 42/48 | €50,175 | €45,841 | -€4,334 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €20,788 | €21,161 | +€373 | +1.8% |
| Financial debts | 43 | €1,020 | - | -€1,020 | |
| Credit institutions | 430/8 | €1,020 | - | -€1,020 | |
| Trade debts | 44 | €19,508 | €10,109 | -€9,398 | -48.2% |
| Suppliers | 440/4 | €19,508 | €10,109 | -€9,398 | -48.2% |
| Taxes, remuneration and social security | 45 | €8,802 | €14,513 | +€5,711 | +64.9% |
| Taxes | 450/3 | €8,802 | €3,288 | -€5,513 | -62.6% |
| Remuneration and social security | 454/9 | - | €11,225 | +€11,225 | |
| Other amounts payable | 47/48 | €57 | €57 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €62 | €34 | -€28 | -45.7% |
| Remuneration, social security and pensions | 62 | €240,672 | €239,589 | -€1,083 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,261 | €11,106 | -€1,155 | -9.4% |
| Other operating charges | 640/8 | €4,234 | €4,609 | +€375 | +8.9% |
| Gross operating margin | 9900 | €296,027 | €285,578 | -€10,450 | -3.5% |
| Operating profit (loss) | 9901 | €38,860 | €30,273 | -€8,587 | -22.1% |
| Financial income | 75/76B | €342 | €716 | +€373 | +109% |
| Recurring financial income | 75 | €342 | €716 | +€373 | +109% |
| Financial charges | 65/66B | €1,229 | €854 | -€375 | -30.5% |
| Recurring financial charges | 65 | €1,229 | €854 | -€375 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €37,973 | €30,134 | -€7,839 | -20.6% |
| Income taxes | 67/77 | €9,391 | €7,374 | -€2,017 | -21.5% |
| Profit (loss) for the period | 9904 | €28,583 | €22,761 | -€5,822 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,583 | €22,761 | -€5,822 | -20.4% |
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 16 October 2026 via checked.be.