LUZPEN: what changed
Two fiscal 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.
LUZPEN
Largest movements
- Receivables within one year +€53,585
up €53,585 (+172.1%), from €31,137 to €84,722
- Cash -€52,169
down €52,169 (-99.8%), from €52,290 to €121
mainly Receivables within one year (-€53,585) and Other debts (-€20,457)
- Tangible fixed assets -€2,045
down €2,045 (-23.2%), from €8,811 to €6,765
of which Furniture and vehicles: -€1,574
- Reserves +€24,048
up €24,048 (+75.7%), from €31,748 to €55,796
of which Distributable reserves: +€25,908
- Other debts -€20,457
down €20,457 (-73.0%), from €28,008 to €7,550
- Trade debts -€8,407
down €8,407 (-89.0%), from €9,441 to €1,035
- Tax, wage and social debts +€3,274
up €3,274 (+28.5%), from €11,485 to €14,759
- Financial charges -€13,083
down €13,083 (-26.6%), from €49,179 to €36,096
- Depreciation +€1,457
up €1,457 (+69.4%), from €2,100 to €3,556
- Gross operating margin -€1,370
down €1,370 (-2.0%), from €68,321 to €66,951
- Taxes +€926
up €926 (+55.2%), from €1,678 to €2,605
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 | €92,831 | €92,045 | -€787 | -0.8% |
| Fixed assets | 21/28 | €8,811 | €6,765 | -€2,045 | -23.2% |
| Tangible fixed assets | 22/27 | €8,811 | €6,765 | -€2,045 | -23.2% |
| Plant, machinery and equipment | 23 | €2,345 | €1,873 | -€472 | -20.1% |
| Furniture and vehicles | 24 | €6,465 | €4,892 | -€1,574 | -24.3% |
| Current assets | 29/58 | €84,021 | €85,280 | +€1,259 | +1.5% |
| Amounts receivable within one year | 40/41 | €31,137 | €84,722 | +€53,585 | +172.1% |
| Trade receivables | 40 | €31,137 | €84,722 | +€53,585 | +172.1% |
| Cash at bank and in hand | 54/58 | €52,290 | €121 | -€52,169 | -99.8% |
| Deferred charges and accrued income | 490/1 | €595 | €437 | -€158 | -26.5% |
| Total equity and liabilities | 10/49 | €92,831 | €92,045 | -€787 | -0.8% |
| Equity | 10/15 | €43,897 | €67,946 | +€24,048 | +54.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,748 | €55,796 | +€24,048 | +75.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €29,888 | €55,796 | +€25,908 | +86.7% |
| Profit (loss) carried forward | 14 | €5,950 | €5,950 | = | 0.0% |
| Amounts payable | 17/49 | €48,934 | €24,099 | -€24,835 | -50.8% |
| Amounts payable within one year | 42/48 | €48,934 | €24,099 | -€24,835 | -50.8% |
| Financial debts | 43 | - | €755 | +€755 | |
| Credit institutions | 430/8 | - | €755 | +€755 | |
| Trade debts | 44 | €9,441 | €1,035 | -€8,407 | -89.0% |
| Suppliers | 440/4 | €9,441 | €1,035 | -€8,407 | -89.0% |
| Taxes, remuneration and social security | 45 | €11,485 | €14,759 | +€3,274 | +28.5% |
| Taxes | 450/3 | €11,485 | €14,759 | +€3,274 | +28.5% |
| Other amounts payable | 47/48 | €28,008 | €7,550 | -€20,457 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,100 | €3,556 | +€1,457 | +69.4% |
| Other operating charges | 640/8 | €585 | €842 | +€256 | +43.8% |
| Gross operating margin | 9900 | €68,321 | €66,951 | -€1,370 | -2.0% |
| Operating profit (loss) | 9901 | €65,636 | €62,553 | -€3,083 | -4.7% |
| Financial income | 75/76B | €109 | €196 | +€87 | +80.0% |
| Recurring financial income | 75 | €109 | €196 | +€87 | +80.0% |
| Financial charges | 65/66B | €49,179 | €36,096 | -€13,083 | -26.6% |
| Recurring financial charges | 65 | €49,179 | €36,096 | -€13,083 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €16,566 | €26,653 | +€10,087 | +60.9% |
| Income taxes | 67/77 | €1,678 | €2,605 | +€926 | +55.2% |
| Profit (loss) for the period | 9904 | €14,888 | €24,048 | +€9,161 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,888 | €24,048 | +€9,161 | +61.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.