LUZZIN: 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.
LUZZIN
Largest movements
- Cash +€3,647
up €3,647 (+78.3%), from €4,655 to €8,302
mainly Other debts (+€12,500) and Receivables within one year (+€2,000)
- Other debts +€12,500
up €12,500 (+14.8%), from €84,500 to €97,000
- Debts after one year -€7,500
down €7,500 (-6.0%), from €124,375 to €116,875
- Profit (loss) carried forward -€3,301
down €3,301 (-10.8%), from -€30,459 to -€33,760
- Gross operating margin +€4,871
up €4,871 (+83.2%), from -€5,854 to -€983
- Financial income +€3,000
new in 2025: €3,000
of which Financial income: +€3,000
- Financial charges -€2,272
down €2,272 (-32.7%), from €6,954 to €4,681
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 | €252,018 | €253,665 | +€1,647 | +0.7% |
| Current assets | 29/58 | €252,018 | €253,665 | +€1,647 | +0.7% |
| Stocks and contracts in progress | 3 | €245,362 | €245,362 | = | 0.0% |
| Stocks | 30/36 | €245,362 | €245,362 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €4,655 | €8,302 | +€3,647 | +78.3% |
| Total equity and liabilities | 10/49 | €252,018 | €253,665 | +€1,647 | +0.7% |
| Equity | 10/15 | €35,541 | €32,240 | -€3,301 | -9.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,459 | -€33,760 | -€3,301 | -10.8% |
| Amounts payable | 17/49 | €216,477 | €221,425 | +€4,948 | +2.3% |
| Amounts payable after more than one year | 17 | €124,375 | €116,875 | -€7,500 | -6.0% |
| Financial debts | 170/4 | €124,375 | €116,875 | -€7,500 | -6.0% |
| Amounts payable within one year | 42/48 | €92,102 | €104,550 | +€12,448 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €102 | €50 | -€52 | -51.0% |
| Suppliers | 440/4 | €102 | €50 | -€52 | -51.0% |
| Other amounts payable | 47/48 | €84,500 | €97,000 | +€12,500 | +14.8% |
| Other operating charges | 640/8 | €619 | €637 | +€18 | +2.9% |
| Gross operating margin | 9900 | -€5,854 | -€983 | +€4,871 | +83.2% |
| Operating profit (loss) | 9901 | -€6,473 | -€1,620 | +€4,853 | +75.0% |
| Financial income | 75/76B | - | €3,000 | +€3,000 | |
| Recurring financial income | 75 | - | €3,000 | +€3,000 | |
| Non-recurring financial income | 76B | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €6,954 | €4,681 | -€2,272 | -32.7% |
| Recurring financial charges | 65 | €6,954 | €4,681 | -€2,272 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,426 | -€3,301 | +€10,126 | +75.4% |
| Profit (loss) for the period | 9904 | -€13,426 | -€3,301 | +€10,126 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,426 | -€3,301 | +€10,126 | +75.4% |
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 27 October 2026 via checked.be.