LU-TECH: what changed
Two fiscal 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-TECH
Largest movements
- Tangible fixed assets -€62,488
down €62,488 (-9.4%), from €666,438 to €603,950
of which Furniture and vehicles: -€31,713
- Cash -€11,217
down €11,217 (-8.0%), from €140,585 to €129,368
mainly Other debts (-€52,172) and Debts after one year (-€30,884)
- Other debts -€52,172
down €52,172 (-60.6%), from €86,083 to €33,910
- Debts after one year -€30,884
down €30,884 (-9.0%), from €341,608 to €310,724
- Reserves +€23,384
up €23,384 (+7.0%), from €334,325 to €357,709
- Tax, wage and social debts -€8,528
no longer reported in 2025 (was €8,528)
- Gross operating margin -€22,544
down €22,544 (-21.8%), from €103,274 to €80,730
- Depreciation -€14,362
down €14,362 (-24.8%), from €58,012 to €43,649
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.
Cash bridge derived
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 | €821,122 | €752,228 | -€68,894 | -8.4% |
| Fixed assets | 21/28 | €666,438 | €603,950 | -€62,488 | -9.4% |
| Tangible fixed assets | 22/27 | €666,438 | €603,950 | -€62,488 | -9.4% |
| Land and buildings | 22 | €574,798 | €545,983 | -€28,815 | -5.0% |
| Plant, machinery and equipment | 23 | €3,530 | €1,570 | -€1,960 | -55.5% |
| Furniture and vehicles | 24 | €88,109 | €56,397 | -€31,713 | -36.0% |
| Current assets | 29/58 | €154,684 | €148,278 | -€6,406 | -4.1% |
| Amounts receivable within one year | 40/41 | €14,099 | €18,910 | +€4,811 | +34.1% |
| Trade receivables | 40 | €14,099 | €10,805 | -€3,294 | -23.4% |
| Other amounts receivable | 41 | - | €8,104 | +€8,104 | |
| Cash at bank and in hand | 54/58 | €140,585 | €129,368 | -€11,217 | -8.0% |
| Total equity and liabilities | 10/49 | €821,122 | €752,228 | -€68,894 | -8.4% |
| Equity | 10/15 | €353,325 | €376,709 | +€23,384 | +6.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €334,325 | €357,709 | +€23,384 | +7.0% |
| Distributable reserves | 133 | €334,325 | €357,709 | +€23,384 | +7.0% |
| Amounts payable | 17/49 | €467,797 | €375,519 | -€92,278 | -19.7% |
| Amounts payable after more than one year | 17 | €341,608 | €310,724 | -€30,884 | -9.0% |
| Financial debts | 170/4 | €341,608 | €310,724 | -€30,884 | -9.0% |
| Amounts payable within one year | 42/48 | €125,053 | €64,794 | -€60,259 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €30,443 | €30,884 | +€441 | +1.4% |
| Taxes, remuneration and social security | 45 | €8,528 | - | -€8,528 | |
| Taxes | 450/3 | €8,528 | - | -€8,528 | |
| Other amounts payable | 47/48 | €86,083 | €33,910 | -€52,172 | -60.6% |
| Accrued charges and deferred income | 492/3 | €1,136 | - | -€1,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,012 | €43,649 | -€14,362 | -24.8% |
| Other operating charges | 640/8 | €3,944 | €2,979 | -€965 | -24.5% |
| Gross operating margin | 9900 | €103,274 | €80,730 | -€22,544 | -21.8% |
| Operating profit (loss) | 9901 | €41,318 | €34,101 | -€7,217 | -17.5% |
| Financial charges | 65/66B | €9,366 | €8,378 | -€987 | -10.5% |
| Recurring financial charges | 65 | €9,366 | €8,378 | -€987 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €31,952 | €25,723 | -€6,230 | -19.5% |
| Income taxes | 67/77 | €3,065 | €2,338 | -€726 | -23.7% |
| Profit (loss) for the period | 9904 | €28,888 | €23,384 | -€5,503 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,888 | €23,384 | -€5,503 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.