LUZAN: 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.
LUZAN
Largest movements
- Cash -€93,658
down €93,658 (-51.2%), from €182,933 to €89,275
mainly Other debts (-€125,000) and Receivables within one year (-€56,634)
- Receivables within one year +€56,634
up €56,634 (+440,391%), from €13 to €56,647
of which Trade receivables: +€55,646
- Reserves +€129,133
up €129,133 (+107%), from €120,690 to €249,823
- Other debts -€125,000
no longer reported in 2025 (was €125,000)
- Tax, wage and social debts -€39,033
down €39,033 (-63.7%), from €61,288 to €22,254
- Gross operating margin +€12,401
up €12,401 (+6.8%), from €182,203 to €194,604
- Taxes +€3,617
up €3,617 (+6.2%), from €58,357 to €61,975
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 | €317,385 | €282,078 | -€35,307 | -11.1% |
| Fixed assets | 21/28 | €9,439 | €9,829 | +€390 | +4.1% |
| Tangible fixed assets | 22/27 | €9,439 | €9,829 | +€390 | +4.1% |
| Plant, machinery and equipment | 23 | - | €2,490 | +€2,490 | |
| Furniture and vehicles | 24 | €9,439 | €7,339 | -€2,100 | -22.2% |
| Current assets | 29/58 | €307,946 | €272,249 | -€35,697 | -11.6% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Trade receivables | 290 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13 | €56,647 | +€56,634 | +440,391% |
| Trade receivables | 40 | - | €55,646 | +€55,646 | |
| Other amounts receivable | 41 | €13 | €1,001 | +€988 | +7,684% |
| Cash at bank and in hand | 54/58 | €182,933 | €89,275 | -€93,658 | -51.2% |
| Deferred charges and accrued income | 490/1 | - | €1,327 | +€1,327 | |
| Total equity and liabilities | 10/49 | €317,385 | €282,078 | -€35,307 | -11.1% |
| Equity | 10/15 | €130,690 | €259,823 | +€129,133 | +98.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €120,690 | €249,823 | +€129,133 | +107% |
| Distributable reserves | 133 | €120,690 | €249,823 | +€129,133 | +107% |
| Amounts payable | 17/49 | €186,694 | €22,254 | -€164,440 | -88.1% |
| Amounts payable within one year | 42/48 | €186,694 | €22,254 | -€164,440 | -88.1% |
| Trade debts | 44 | €407 | - | -€407 | |
| Suppliers | 440/4 | €407 | - | -€407 | |
| Taxes, remuneration and social security | 45 | €61,288 | €22,254 | -€39,033 | -63.7% |
| Taxes | 450/3 | €61,288 | €22,254 | -€39,033 | -63.7% |
| Other amounts payable | 47/48 | €125,000 | - | -€125,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061 | €2,323 | +€1,262 | +119% |
| Other operating charges | 640/8 | €2,019 | €740 | -€1,279 | -63.4% |
| Gross operating margin | 9900 | €182,203 | €194,604 | +€12,401 | +6.8% |
| Operating profit (loss) | 9901 | €179,123 | €191,542 | +€12,419 | +6.9% |
| Financial charges | 65/66B | €75 | €434 | +€358 | +477% |
| Recurring financial charges | 65 | €75 | €434 | +€358 | +477% |
| Profit (loss) for the period before taxes | 9903 | €179,048 | €191,108 | +€12,060 | +6.7% |
| Income taxes | 67/77 | €58,357 | €61,975 | +€3,617 | +6.2% |
| Profit (loss) for the period | 9904 | €120,690 | €129,133 | +€8,443 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,690 | €129,133 | +€8,443 | +7.0% |
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 16 October 2026 via checked.be.