LURO: 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.
LURO
Largest movements
- Cash +€2,165
up €2,165 (+96.5%), from €2,243 to €4,408
mainly Net result for the year (+€5,211) and Trade debts (+€894)
- Tangible fixed assets +€1,726
up €1,726 (+100%), from €1,720 to €3,446
- Profit (loss) carried forward +€5,211
up €5,211 (+60.6%), from €8,603 to €13,814
- Tax, wage and social debts -€2,185
down €2,185 (-60.7%), from €3,600 to €1,414
- Trade debts +€894
up €894 (+829%), from €108 to €1,002
- Staff costs -€1,763
no longer reported in 2025 (was €1,763)
- Gross operating margin +€1,285
up €1,285 (+23.8%), from €5,394 to €6,679
- Taxes +€515
up €515 (+57.2%), from €900 to €1,414
- Financial income -€367
down €367 (-16.6%), from €2,203 to €1,836
- Depreciation +€314
up €314 (+64.2%), from €489 to €803
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 | €37,342 | €41,262 | +€3,920 | +10.5% |
| Fixed assets | 21/28 | €1,720 | €3,446 | +€1,726 | +100% |
| Tangible fixed assets | 22/27 | €1,720 | €3,446 | +€1,726 | +100% |
| Plant, machinery and equipment | 23 | €1,720 | €3,446 | +€1,726 | +100% |
| Current assets | 29/58 | €35,622 | €37,816 | +€2,194 | +6.2% |
| Amounts receivable within one year | 40/41 | €33,379 | €33,408 | +€28 | +0.1% |
| Trade receivables | 40 | €5,361 | - | -€5,361 | |
| Other amounts receivable | 41 | €28,018 | €33,408 | +€5,389 | +19.2% |
| Cash at bank and in hand | 54/58 | €2,243 | €4,408 | +€2,165 | +96.5% |
| Total equity and liabilities | 10/49 | €37,342 | €41,262 | +€3,920 | +10.5% |
| Equity | 10/15 | €33,634 | €38,845 | +€5,211 | +15.5% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €10,158 | €10,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €903 | €903 | = | 0.0% |
| Reserves not available under the articles | 1311 | €903 | €903 | = | 0.0% |
| Distributable reserves | 133 | €9,255 | €9,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,603 | €13,814 | +€5,211 | +60.6% |
| Amounts payable | 17/49 | €3,708 | €2,417 | -€1,291 | -34.8% |
| Amounts payable within one year | 42/48 | €3,708 | €2,417 | -€1,291 | -34.8% |
| Trade debts | 44 | €108 | €1,002 | +€894 | +829% |
| Suppliers | 440/4 | €108 | €1,002 | +€894 | +829% |
| Taxes, remuneration and social security | 45 | €3,600 | €1,414 | -€2,185 | -60.7% |
| Taxes | 450/3 | €3,600 | €1,414 | -€2,185 | -60.7% |
| Remuneration, social security and pensions | 62 | €1,763 | - | -€1,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €803 | +€314 | +64.2% |
| Other operating charges | 640/8 | €659 | €679 | +€20 | +3.0% |
| Gross operating margin | 9900 | €5,394 | €6,679 | +€1,285 | +23.8% |
| Operating profit (loss) | 9901 | €2,482 | €5,197 | +€2,715 | +109% |
| Financial income | 75/76B | €2,203 | €1,836 | -€367 | -16.6% |
| Recurring financial income | 75 | €2,203 | €1,836 | -€367 | -16.6% |
| Financial charges | 65/66B | €449 | €408 | -€41 | -9.1% |
| Recurring financial charges | 65 | €449 | €408 | -€41 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,236 | €6,625 | +€2,389 | +56.4% |
| Income taxes | 67/77 | €900 | €1,414 | +€515 | +57.2% |
| Profit (loss) for the period | 9904 | €3,336 | €5,211 | +€1,875 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,336 | €5,211 | +€1,875 | +56.2% |
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 20 October 2026 via checked.be.