LU.KA: 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.
LU.KA
Largest movements
- Cash -€101,431
down €101,431 (-84.5%), from €120,068 to €18,636
mainly Receivables within one year (-€59,304) and Other debts (-€56,987)
- Receivables within one year +€59,304
up €59,304, from €0 to €59,304
of which Other amounts receivable: +€57,691
- Tangible fixed assets -€19,632
down €19,632 (-3.3%), from €603,754 to €584,121
of which Land and buildings: -€16,940
- Other debts -€56,987
down €56,987 (-69.8%), from €81,675 to €24,688
- Debts after one year -€42,504
down €42,504 (-10.4%), from €407,250 to €364,746
- Reserves +€37,389
up €37,389 (+22.1%), from €168,812 to €206,201
of which Distributable reserves: +€37,389
- Gross operating margin -€17,344
down €17,344 (-10.6%), from €163,606 to €146,262
- Taxes -€3,878
down €3,878 (-13.6%), from €28,478 to €24,600
- Financial charges -€3,174
down €3,174 (-13.6%), from €23,407 to €20,233
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 | €730,022 | €665,957 | -€64,065 | -8.8% |
| Fixed assets | 21/28 | €603,754 | €584,121 | -€19,632 | -3.3% |
| Tangible fixed assets | 22/27 | €603,754 | €584,121 | -€19,632 | -3.3% |
| Land and buildings | 22 | €600,985 | €584,045 | -€16,940 | -2.8% |
| Plant, machinery and equipment | 23 | €359 | €0 | -€359 | -100% |
| Furniture and vehicles | 24 | €2,410 | €77 | -€2,333 | -96.8% |
| Current assets | 29/58 | €126,268 | €81,836 | -€44,432 | -35.2% |
| Amounts receivable within one year | 40/41 | €0 | €59,304 | +€59,304 | |
| Trade receivables | 40 | €0 | €1,612 | +€1,612 | |
| Other amounts receivable | 41 | €0 | €57,691 | +€57,691 | |
| Cash at bank and in hand | 54/58 | €120,068 | €18,636 | -€101,431 | -84.5% |
| Deferred charges and accrued income | 490/1 | €6,201 | €3,896 | -€2,305 | -37.2% |
| Total equity and liabilities | 10/49 | €730,022 | €665,957 | -€64,065 | -8.8% |
| Equity | 10/15 | €188,812 | €226,201 | +€37,389 | +19.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,812 | €206,201 | +€37,389 | +22.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €168,812 | €206,201 | +€37,389 | +22.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €541,210 | €439,756 | -€101,454 | -18.7% |
| Amounts payable after more than one year | 17 | €407,250 | €364,746 | -€42,504 | -10.4% |
| Financial debts | 170/4 | €407,250 | €364,746 | -€42,504 | -10.4% |
| Amounts payable within one year | 42/48 | €130,744 | €71,845 | -€58,898 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €42,504 | €42,504 | = | 0.0% |
| Trade debts | 44 | €2,487 | €53 | -€2,434 | -97.9% |
| Suppliers | 440/4 | €2,487 | €53 | -€2,434 | -97.9% |
| Taxes, remuneration and social security | 45 | €4,078 | €4,600 | +€522 | +12.8% |
| Taxes | 450/3 | €3,478 | €4,600 | +€1,122 | +32.3% |
| Remuneration and social security | 454/9 | €600 | €0 | -€600 | -100% |
| Other amounts payable | 47/48 | €81,675 | €24,688 | -€56,987 | -69.8% |
| Accrued charges and deferred income | 492/3 | €3,216 | €3,164 | -€51 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,693 | €19,632 | -€61 | -0.3% |
| Other operating charges | 640/8 | €10,352 | €10,830 | +€478 | +4.6% |
| Gross operating margin | 9900 | €163,606 | €146,262 | -€17,344 | -10.6% |
| Operating profit (loss) | 9901 | €133,560 | €115,799 | -€17,761 | -13.3% |
| Financial income | 75/76B | €0 | €1,597 | +€1,597 | |
| Recurring financial income | 75 | €0 | €1,597 | +€1,597 | |
| Financial charges | 65/66B | €23,407 | €20,233 | -€3,174 | -13.6% |
| Recurring financial charges | 65 | €23,407 | €20,233 | -€3,174 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €110,153 | €97,164 | -€12,989 | -11.8% |
| Income taxes | 67/77 | €28,478 | €24,600 | -€3,878 | -13.6% |
| Profit (loss) for the period | 9904 | €81,675 | €72,564 | -€9,111 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,675 | €72,564 | -€9,111 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.