Luzinda: 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.
Luzinda
Largest movements
- Stocks and contracts -€33,716
down €33,716 (-40.7%), from €82,880 to €49,163
- Deferred charges and accrued income -€4,500
down €4,500 (-89.2%), from €5,045 to €545
- Receivables within one year -€4,275
down €4,275 (-27.3%), from €15,635 to €11,361
- Tangible fixed assets -€3,584
down €3,584 (-64.6%), from €5,546 to €1,962
of which Plant, machinery and equipment: -€2,309
- Cash +€1,557
up €1,557 (+44.0%), from €3,535 to €5,092
mainly Stocks and contracts (+€33,716) and Deferred charges and accrued income (+€4,500)
- Profit (loss) carried forward -€33,078
down €33,078 (-223%), from -€14,829 to -€47,907
- Accrued charges and deferred income -€6,547
down €6,547 (-97.7%), from €6,699 to €152
- Trade debts -€4,559
down €4,559 (-7.0%), from €64,732 to €60,173
- Gross operating margin -€35,201
down €35,201, from €6,352 to -€28,848
- Financial charges -€689
down €689 (-31.0%), from €2,225 to €1,536
- Depreciation -€620
down €620 (-14.8%), from €4,204 to €3,584
- Financial income -€306
down €306 (-20.1%), from €1,522 to €1,216
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 | €112,642 | €68,123 | -€44,519 | -39.5% |
| Fixed assets | 21/28 | €5,546 | €1,962 | -€3,584 | -64.6% |
| Tangible fixed assets | 22/27 | €5,546 | €1,962 | -€3,584 | -64.6% |
| Plant, machinery and equipment | 23 | €3,266 | €958 | -€2,309 | -70.7% |
| Furniture and vehicles | 24 | €2,279 | €1,004 | -€1,275 | -55.9% |
| Current assets | 29/58 | €107,096 | €66,161 | -€40,935 | -38.2% |
| Stocks and contracts in progress | 3 | €82,880 | €49,163 | -€33,716 | -40.7% |
| Stocks | 30/36 | €82,880 | €49,163 | -€33,716 | -40.7% |
| Amounts receivable within one year | 40/41 | €15,635 | €11,361 | -€4,275 | -27.3% |
| Trade receivables | 40 | €15,635 | €11,361 | -€4,275 | -27.3% |
| Cash at bank and in hand | 54/58 | €3,535 | €5,092 | +€1,557 | +44.0% |
| Deferred charges and accrued income | 490/1 | €5,045 | €545 | -€4,500 | -89.2% |
| Total equity and liabilities | 10/49 | €112,642 | €68,123 | -€44,519 | -39.5% |
| Equity | 10/15 | €3,771 | -€29,307 | -€33,078 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,829 | -€47,907 | -€33,078 | -223% |
| Amounts payable | 17/49 | €108,871 | €97,430 | -€11,441 | -10.5% |
| Amounts payable within one year | 42/48 | €102,171 | €97,278 | -€4,894 | -4.8% |
| Trade debts | 44 | €64,732 | €60,173 | -€4,559 | -7.0% |
| Suppliers | 440/4 | €64,732 | €60,173 | -€4,559 | -7.0% |
| Taxes, remuneration and social security | 45 | €8,624 | €8,468 | -€156 | -1.8% |
| Taxes | 450/3 | €8,624 | €8,468 | -€156 | -1.8% |
| Other amounts payable | 47/48 | €28,816 | €28,637 | -€178 | -0.6% |
| Accrued charges and deferred income | 492/3 | €6,699 | €152 | -€6,547 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,204 | €3,584 | -€620 | -14.8% |
| Other operating charges | 640/8 | €318 | €326 | +€7 | +2.3% |
| Gross operating margin | 9900 | €6,352 | -€28,848 | -€35,201 | |
| Operating profit (loss) | 9901 | €1,830 | -€32,758 | -€34,588 | |
| Financial income | 75/76B | €1,522 | €1,216 | -€306 | -20.1% |
| Recurring financial income | 75 | €1,522 | €1,216 | -€306 | -20.1% |
| Financial charges | 65/66B | €2,225 | €1,536 | -€689 | -31.0% |
| Recurring financial charges | 65 | €2,225 | €1,536 | -€689 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €1,127 | -€33,078 | -€34,205 | |
| Profit (loss) for the period | 9904 | €1,127 | -€33,078 | -€34,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,127 | -€33,078 | -€34,205 |
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 23 October 2026 via checked.be.