Objectif LUNG: 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.
Objectif LUNG
Largest movements
- Current investments -€110,161
down €110,161 (-64.7%), from €170,161 to €60,000
- Cash -€62,651
down €62,651 (-67.2%), from €93,228 to €30,577
mainly Other debts (-€191,290) and Contributions, distributions and other (-€77,000)
- Intangible fixed assets -€31,300
down €31,300 (-33.3%), from €93,900 to €62,600
- Deferred charges and accrued income -€9,804
down €9,804 (-81.3%), from €12,065 to €2,261
- Other debts -€191,290
down €191,290 (-71.3%), from €268,290 to €77,000
- Provisions +€53,155
new in 2025: €53,155
- Reserves -€33,400
down €33,400 (-100%), from €33,400 to €0
- Debts after one year -€25,040
down €25,040 (-100%), from €25,040 to €0
- Current portion of long-term debt -€17,614
down €17,614 (-41.3%), from €42,654 to €25,040
- Financial charges +€83,263
up €83,263 (+6,921%), from €1,203 to €84,466
- Gross operating margin -€54,010
down €54,010 (-18.2%), from €296,021 to €242,011
- Provisions +€53,155
new in 2025: €53,155
- Taxes -€35,210
down €35,210 (-55.5%), from €63,476 to €28,266
- Financial income -€5,260
down €5,260 (-96.7%), from €5,438 to €178
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 | €395,462 | €179,727 | -€215,735 | -54.6% |
| Fixed assets | 21/28 | €95,533 | €63,787 | -€31,746 | -33.2% |
| Intangible fixed assets | 21 | €93,900 | €62,600 | -€31,300 | -33.3% |
| Tangible fixed assets | 22/27 | €1,633 | €1,187 | -€446 | -27.3% |
| Plant, machinery and equipment | 23 | - | €1,187 | +€1,187 | |
| Furniture and vehicles | 24 | €1,633 | €0 | -€1,633 | -100% |
| Current assets | 29/58 | €299,929 | €115,940 | -€183,989 | -61.3% |
| Amounts receivable within one year | 40/41 | €24,475 | €23,102 | -€1,373 | -5.6% |
| Trade receivables | 40 | €625 | €0 | -€625 | -100% |
| Other amounts receivable | 41 | €23,850 | €23,102 | -€748 | -3.1% |
| Current investments | 50/53 | €170,161 | €60,000 | -€110,161 | -64.7% |
| Cash at bank and in hand | 54/58 | €93,228 | €30,577 | -€62,651 | -67.2% |
| Deferred charges and accrued income | 490/1 | €12,065 | €2,261 | -€9,804 | -81.3% |
| Total equity and liabilities | 10/49 | €395,462 | €179,727 | -€215,735 | -54.6% |
| Equity | 10/15 | €55,834 | €20,810 | -€35,024 | -62.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €33,400 | €0 | -€33,400 | -100% |
| Distributable reserves | 133 | €33,400 | €0 | -€33,400 | -100% |
| Profit (loss) carried forward | 14 | €1,974 | €350 | -€1,624 | -82.2% |
| Provisions and deferred taxes | 16 | - | €53,155 | +€53,155 | |
| Provisions for liabilities and charges | 160/5 | - | €53,155 | +€53,155 | |
| Other liabilities and charges | 164/5 | - | €53,155 | +€53,155 | |
| Amounts payable | 17/49 | €339,628 | €105,761 | -€233,867 | -68.9% |
| Amounts payable after more than one year | 17 | €25,040 | €0 | -€25,040 | -100% |
| Financial debts | 170/4 | €25,040 | €0 | -€25,040 | -100% |
| Amounts payable within one year | 42/48 | €314,588 | €105,761 | -€208,827 | -66.4% |
| Current portion of amounts payable after more than one year | 42 | €42,654 | €25,040 | -€17,614 | -41.3% |
| Trade debts | 44 | €1,794 | €1,867 | +€73 | +4.1% |
| Suppliers | 440/4 | €1,794 | €1,867 | +€73 | +4.1% |
| Taxes, remuneration and social security | 45 | €1,850 | €1,854 | +€4 | +0.2% |
| Taxes | 450/3 | €1,850 | €1,854 | +€4 | +0.2% |
| Other amounts payable | 47/48 | €268,290 | €77,000 | -€191,290 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,167 | €33,298 | -€869 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €53,155 | +€53,155 | |
| Other operating charges | 640/8 | €990 | €1,028 | +€38 | +3.9% |
| Gross operating margin | 9900 | €296,021 | €242,011 | -€54,010 | -18.2% |
| Operating profit (loss) | 9901 | €260,864 | €154,530 | -€106,334 | -40.8% |
| Financial income | 75/76B | €5,438 | €178 | -€5,260 | -96.7% |
| Recurring financial income | 75 | €5,438 | €178 | -€5,260 | -96.7% |
| Financial charges | 65/66B | €1,203 | €84,466 | +€83,263 | +6,921% |
| Recurring financial charges | 65 | €1,203 | €84,466 | +€83,263 | +6,921% |
| Profit (loss) for the period before taxes | 9903 | €265,099 | €70,242 | -€194,857 | -73.5% |
| Income taxes | 67/77 | €63,476 | €28,266 | -€35,210 | -55.5% |
| Profit (loss) for the period | 9904 | €201,623 | €41,976 | -€159,647 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €201,623 | €41,976 | -€159,647 | -79.2% |
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 15 October 2026 via checked.be.