LUSTRERO: 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.
LUSTRERO
Largest movements
- Tangible fixed assets -€22,676
down €22,676 (-8.0%), from €282,903 to €260,227
of which Leasing and similar rights: -€36,485
- Deferred charges and accrued income -€7,498
down €7,498 (-96.3%), from €7,784 to €286
- Cash +€4,541
up €4,541 (+108.2%), from €4,197 to €8,739
mainly Depreciation (+€37,370) and Net result for the year (+€20,493)
- Debts after one year -€33,313
down €33,313 (-13.1%), from €255,256 to €221,944
- Profit (loss) carried forward +€20,493
up €20,493 (+13.5%), from -€151,610 to -€131,118
- Current portion of long-term debt +€18,253
up €18,253 (+121.2%), from €15,060 to €33,313
- Other debts -€16,575
down €16,575 (-19.3%), from €86,064 to €69,490
- Trade debts -€9,354
down €9,354 (-18.7%), from €49,933 to €40,580
- Gross operating margin +€102,220
up €102,220 (+159.5%), from €64,074 to €166,294
- Staff costs +€8,651
up €8,651 (+9.7%), from €89,118 to €97,768
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 | €304,945 | €277,387 | -€27,558 | -9.0% |
| Fixed assets | 21/28 | €283,266 | €260,590 | -€22,676 | -8.0% |
| Tangible fixed assets | 22/27 | €282,903 | €260,227 | -€22,676 | -8.0% |
| Plant, machinery and equipment | 23 | - | €1,358 | +€1,358 | |
| Furniture and vehicles | 24 | - | €12,451 | +€12,451 | |
| Leasing and similar rights | 25 | €282,903 | €246,418 | -€36,485 | -12.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €21,679 | €16,797 | -€4,882 | -22.5% |
| Amounts receivable within one year | 40/41 | €9,698 | €7,773 | -€1,925 | -19.9% |
| Trade receivables | 40 | €3,597 | €7,407 | +€3,810 | +105.9% |
| Other amounts receivable | 41 | €6,101 | €365 | -€5,736 | -94.0% |
| Cash at bank and in hand | 54/58 | €4,197 | €8,739 | +€4,541 | +108.2% |
| Deferred charges and accrued income | 490/1 | €7,784 | €286 | -€7,498 | -96.3% |
| Total equity and liabilities | 10/49 | €304,945 | €277,387 | -€27,558 | -9.0% |
| Equity | 10/15 | -€145,410 | -€124,918 | +€20,493 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,610 | -€131,118 | +€20,493 | +13.5% |
| Amounts payable | 17/49 | €450,355 | €402,305 | -€48,051 | -10.7% |
| Amounts payable after more than one year | 17 | €255,256 | €221,944 | -€33,313 | -13.1% |
| Financial debts | 170/4 | €255,256 | €221,944 | -€33,313 | -13.1% |
| Amounts payable within one year | 42/48 | €157,816 | €150,236 | -€7,580 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €15,060 | €33,313 | +€18,253 | +121.2% |
| Trade debts | 44 | €49,933 | €40,580 | -€9,354 | -18.7% |
| Suppliers | 440/4 | €49,933 | €40,580 | -€9,354 | -18.7% |
| Taxes, remuneration and social security | 45 | €6,758 | €6,853 | +€95 | +1.4% |
| Taxes | 450/3 | €6,758 | €6,853 | +€95 | +1.4% |
| Other amounts payable | 47/48 | €86,064 | €69,490 | -€16,575 | -19.3% |
| Accrued charges and deferred income | 492/3 | €37,284 | €30,125 | -€7,158 | -19.2% |
| Remuneration, social security and pensions | 62 | €89,118 | €97,768 | +€8,651 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,948 | €37,370 | -€578 | -1.5% |
| Other operating charges | 640/8 | €766 | €1,776 | +€1,010 | +131.8% |
| Gross operating margin | 9900 | €64,074 | €166,294 | +€102,220 | +159.5% |
| Operating profit (loss) | 9901 | -€63,758 | €29,380 | +€93,137 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +47000.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +47000.0% |
| Financial charges | 65/66B | €10,522 | €8,892 | -€1,630 | -15.5% |
| Recurring financial charges | 65 | €10,522 | €8,892 | -€1,630 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€74,280 | €20,493 | +€94,772 | |
| Profit (loss) for the period | 9904 | -€74,280 | €20,493 | +€94,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,280 | €20,493 | +€94,772 |
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 10 October 2026 via checked.be.