AN LUYTEN: 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.
AN LUYTEN
Largest movements
- Cash +€13,984
up €13,984 (+71.9%), from €19,450 to €33,434
mainly Other debts (+€70,705) and Net result for the year (+€47,724)
- Deferred charges and accrued income -€11,771
no longer reported in 2025 (was €11,771)
- Tangible fixed assets -€6,650
down €6,650 (-15.0%), from €44,271 to €37,621
of which Other tangible fixed assets: -€3,626
- Receivables within one year -€2,844
down €2,844 (-7.8%), from €36,408 to €33,564
of which Trade receivables: -€2,189
- Reserves -€75,483
down €75,483 (-94.1%), from €80,208 to €4,724
- Other debts +€70,705
up €70,705 (+581%), from €12,161 to €82,866
- Short-term financial debts -€4,162
no longer reported in 2025 (was €4,162)
- Tax, wage and social debts +€3,205
up €3,205 (+40.8%), from €7,850 to €11,055
- Trade debts -€1,838
down €1,838 (-56.9%), from €3,228 to €1,390
- Gross operating margin +€45,710
up €45,710 (+180%), from €25,424 to €71,134
- Taxes +€8,378
up €8,378 (+174%), from €4,824 to €13,202
- Financial charges +€2,764
up €2,764 (+467%), from €592 to €3,356
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 | €112,609 | €105,036 | -€7,573 | -6.7% |
| Fixed assets | 21/28 | €44,271 | €37,621 | -€6,650 | -15.0% |
| Tangible fixed assets | 22/27 | €44,271 | €37,621 | -€6,650 | -15.0% |
| Plant, machinery and equipment | 23 | €993 | €836 | -€158 | -15.9% |
| Furniture and vehicles | 24 | €14,721 | €11,854 | -€2,866 | -19.5% |
| Other tangible fixed assets | 26 | €28,557 | €24,931 | -€3,626 | -12.7% |
| Current assets | 29/58 | €68,337 | €67,414 | -€923 | -1.4% |
| Amounts receivable after more than one year | 29 | €708 | €416 | -€292 | -41.2% |
| Other amounts receivable | 291 | €708 | €416 | -€292 | -41.2% |
| Amounts receivable within one year | 40/41 | €36,408 | €33,564 | -€2,844 | -7.8% |
| Trade receivables | 40 | €35,077 | €32,888 | -€2,189 | -6.2% |
| Other amounts receivable | 41 | €1,331 | €676 | -€655 | -49.2% |
| Cash at bank and in hand | 54/58 | €19,450 | €33,434 | +€13,984 | +71.9% |
| Deferred charges and accrued income | 490/1 | €11,771 | - | -€11,771 | |
| Total equity and liabilities | 10/49 | €112,609 | €105,036 | -€7,573 | -6.7% |
| Equity | 10/15 | €85,208 | €9,724 | -€75,483 | -88.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,208 | €4,724 | -€75,483 | -94.1% |
| Distributable reserves | 133 | €80,208 | €4,724 | -€75,483 | -94.1% |
| Amounts payable | 17/49 | €27,401 | €95,311 | +€67,910 | +248% |
| Amounts payable within one year | 42/48 | €27,401 | €95,311 | +€67,910 | +248% |
| Financial debts | 43 | €4,162 | - | -€4,162 | |
| Credit institutions | 430/8 | €4,162 | - | -€4,162 | |
| Trade debts | 44 | €3,228 | €1,390 | -€1,838 | -56.9% |
| Suppliers | 440/4 | €3,228 | €1,390 | -€1,838 | -56.9% |
| Taxes, remuneration and social security | 45 | €7,850 | €11,055 | +€3,205 | +40.8% |
| Taxes | 450/3 | €7,850 | €11,055 | +€3,205 | +40.8% |
| Other amounts payable | 47/48 | €12,161 | €82,866 | +€70,705 | +581% |
| Non-recurring operating income | 76A | €6,142 | - | -€6,142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,650 | +€649 | +10.8% |
| Other operating charges | 640/8 | €453 | €203 | -€250 | -55.3% |
| Gross operating margin | 9900 | €25,424 | €71,134 | +€45,710 | +180% |
| Operating profit (loss) | 9901 | €18,971 | €64,282 | +€45,310 | +239% |
| Financial income | 75/76B | €366 | €1 | -€365 | -99.8% |
| Recurring financial income | 75 | €18 | €1 | -€17 | -95.7% |
| Non-recurring financial income | 76B | €348 | - | -€348 | |
| Financial charges | 65/66B | €592 | €3,356 | +€2,764 | +467% |
| Recurring financial charges | 65 | €592 | €3,356 | +€2,764 | +467% |
| Profit (loss) for the period before taxes | 9903 | €18,745 | €60,927 | +€42,182 | +225% |
| Income taxes | 67/77 | €4,824 | €13,202 | +€8,378 | +174% |
| Profit (loss) for the period | 9904 | €13,921 | €47,724 | +€33,804 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €13,921 | €47,724 | +€33,804 | +243% |
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 29 October 2026 via checked.be.