LUK: 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.
LUK
Largest movements
- Cash -€11,517
down €11,517 (-29.9%), from €38,479 to €26,962
mainly Net result for the year (-€13,566) and Tax, wage and social debts (-€11,521)
- Receivables within one year -€8,252
down €8,252 (-64.1%), from €12,877 to €4,625
- Tangible fixed assets -€6,922
down €6,922 (-32.1%), from €21,578 to €14,656
of which Furniture and vehicles: -€8,333
- Stocks and contracts -€3,693
down €3,693 (-64.8%), from €5,696 to €2,003
- Deferred charges and accrued income -€2,116
down €2,116 (-71.5%), from €2,961 to €845
- Profit (loss) carried forward -€13,566
down €13,566, from €11,297 to -€2,269
- Tax, wage and social debts -€11,521
down €11,521 (-84.9%), from €13,567 to €2,046
- Other debts -€3,266
down €3,266 (-12.8%), from €25,608 to €22,342
- Current portion of long-term debt -€2,776
down €2,776 (-74.5%), from €3,726 to €950
- Debts after one year -€879
no longer reported in 2025 (was €879)
- Gross operating margin -€16,431
down €16,431 (-85.1%), from €19,314 to €2,883
- Depreciation +€4,891
up €4,891 (+124.6%), from €3,924 to €8,815
- Other operating charges +€4,051
up €4,051 (+148.4%), from €2,730 to €6,781
- Taxes -€2,007
down €2,007 (-87.3%), from €2,300 to €293
- Financial charges -€1,830
down €1,830 (-76.6%), from €2,390 to €560
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 | €81,591 | €49,091 | -€32,500 | -39.8% |
| Fixed assets | 21/28 | €21,578 | €14,656 | -€6,922 | -32.1% |
| Tangible fixed assets | 22/27 | €21,578 | €14,656 | -€6,922 | -32.1% |
| Plant, machinery and equipment | 23 | €50 | €1,461 | +€1,411 | +2822.0% |
| Furniture and vehicles | 24 | €21,528 | €13,195 | -€8,333 | -38.7% |
| Current assets | 29/58 | €60,013 | €34,435 | -€25,578 | -42.6% |
| Stocks and contracts in progress | 3 | €5,696 | €2,003 | -€3,693 | -64.8% |
| Stocks | 30/36 | €5,696 | €2,003 | -€3,693 | -64.8% |
| Amounts receivable within one year | 40/41 | €12,877 | €4,625 | -€8,252 | -64.1% |
| Trade receivables | 40 | €12,877 | €4,625 | -€8,252 | -64.1% |
| Cash at bank and in hand | 54/58 | €38,479 | €26,962 | -€11,517 | -29.9% |
| Deferred charges and accrued income | 490/1 | €2,961 | €845 | -€2,116 | -71.5% |
| Total equity and liabilities | 10/49 | €81,591 | €49,091 | -€32,500 | -39.8% |
| Equity | 10/15 | €31,757 | €18,191 | -€13,566 | -42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,297 | -€2,269 | -€13,566 | |
| Amounts payable | 17/49 | €49,834 | €30,900 | -€18,934 | -38.0% |
| Amounts payable after more than one year | 17 | €879 | - | -€879 | |
| Financial debts | 170/4 | €879 | - | -€879 | |
| Amounts payable within one year | 42/48 | €48,955 | €30,900 | -€18,055 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €3,726 | €950 | -€2,776 | -74.5% |
| Trade debts | 44 | €6,054 | €5,562 | -€492 | -8.1% |
| Suppliers | 440/4 | €6,054 | €5,562 | -€492 | -8.1% |
| Taxes, remuneration and social security | 45 | €13,567 | €2,046 | -€11,521 | -84.9% |
| Taxes | 450/3 | €13,567 | €2,046 | -€11,521 | -84.9% |
| Other amounts payable | 47/48 | €25,608 | €22,342 | -€3,266 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,924 | €8,815 | +€4,891 | +124.6% |
| Other operating charges | 640/8 | €2,730 | €6,781 | +€4,051 | +148.4% |
| Gross operating margin | 9900 | €19,314 | €2,883 | -€16,431 | -85.1% |
| Operating profit (loss) | 9901 | €12,660 | -€12,713 | -€25,373 | |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €2,390 | €560 | -€1,830 | -76.6% |
| Recurring financial charges | 65 | €2,390 | €560 | -€1,830 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €10,352 | -€13,273 | -€23,625 | |
| Income taxes | 67/77 | €2,300 | €293 | -€2,007 | -87.3% |
| Profit (loss) for the period | 9904 | €8,052 | -€13,566 | -€21,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,052 | -€13,566 | -€21,618 |
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 3 October 2026 via checked.be.