LUK DE PROFT: 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 DE PROFT
Largest movements
- Cash -€107,176
down €107,176 (-75.1%), from €142,769 to €35,592
mainly Investment in fixed assets (net) (-€104,489) and Debts after one year (-€32,945)
- Tangible fixed assets +€92,019
up €92,019 (+36.2%), from €254,253 to €346,272
of which Land and buildings: +€95,859
- Debts after one year -€32,945
down €32,945 (-13.2%), from €249,328 to €216,383
- Reserves +€20,816
up €20,816 (+27.7%), from €75,126 to €95,942
of which Distributable reserves: +€20,816
- Trade debts +€10,859
up €10,859 (+428.3%), from €2,535 to €13,394
- Other debts -€10,505
down €10,505 (-9.7%), from €107,785 to €97,280
- Current portion of long-term debt -€9,994
down €9,994 (-23.3%), from €42,939 to €32,945
- Depreciation +€2,917
up €2,917 (+30.5%), from €9,553 to €12,470
- Taxes +€2,085
up €2,085 (+22.6%), from €9,225 to €11,311
- Gross operating margin -€1,601
down €1,601 (-3.0%), from €53,254 to €51,653
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 | €512,674 | €498,228 | -€14,446 | -2.8% |
| Fixed assets | 21/28 | €366,926 | €458,945 | +€92,019 | +25.1% |
| Tangible fixed assets | 22/27 | €254,253 | €346,272 | +€92,019 | +36.2% |
| Land and buildings | 22 | €244,871 | €340,730 | +€95,859 | +39.1% |
| Furniture and vehicles | 24 | €9,382 | €5,542 | -€3,840 | -40.9% |
| Financial fixed assets | 28 | €112,673 | €112,673 | = | 0.0% |
| Current assets | 29/58 | €145,749 | €39,283 | -€106,465 | -73.0% |
| Amounts receivable within one year | 40/41 | €1,602 | €1,762 | +€160 | +10.0% |
| Trade receivables | 40 | €1,602 | €1,762 | +€160 | +10.0% |
| Current investments | 50/53 | €1,378 | €1,378 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,769 | €35,592 | -€107,176 | -75.1% |
| Deferred charges and accrued income | 490/1 | - | €551 | +€551 | |
| Total equity and liabilities | 10/49 | €512,674 | €498,228 | -€14,446 | -2.8% |
| Equity | 10/15 | €93,676 | €114,492 | +€20,816 | +22.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €75,126 | €95,942 | +€20,816 | +27.7% |
| Tax-exempt reserves | 132 | €6,643 | €6,643 | = | 0.0% |
| Distributable reserves | 133 | €68,483 | €89,299 | +€20,816 | +30.4% |
| Amounts payable | 17/49 | €418,998 | €383,736 | -€35,262 | -8.4% |
| Amounts payable after more than one year | 17 | €249,328 | €216,383 | -€32,945 | -13.2% |
| Financial debts | 170/4 | €249,328 | €216,383 | -€32,945 | -13.2% |
| Amounts payable within one year | 42/48 | €169,670 | €167,353 | -€2,317 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €42,939 | €32,945 | -€9,994 | -23.3% |
| Trade debts | 44 | €2,535 | €13,394 | +€10,859 | +428.3% |
| Suppliers | 440/4 | €2,535 | €13,394 | +€10,859 | +428.3% |
| Taxes, remuneration and social security | 45 | €16,411 | €23,734 | +€7,323 | +44.6% |
| Taxes | 450/3 | €16,411 | €22,876 | +€6,464 | +39.4% |
| Remuneration and social security | 454/9 | - | €859 | +€859 | |
| Other amounts payable | 47/48 | €107,785 | €97,280 | -€10,505 | -9.7% |
| Non-recurring operating income | 76A | €2,670 | - | -€2,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,553 | €12,470 | +€2,917 | +30.5% |
| Other operating charges | 640/8 | €863 | €1,165 | +€302 | +35.0% |
| Non-recurring operating charges | 66A | €4,275 | - | -€4,275 | |
| Gross operating margin | 9900 | €53,254 | €51,653 | -€1,601 | -3.0% |
| Operating profit (loss) | 9901 | €38,563 | €38,018 | -€545 | -1.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,687 | €5,892 | +€204 | +3.6% |
| Recurring financial charges | 65 | €5,687 | €5,892 | +€204 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €32,876 | €32,126 | -€750 | -2.3% |
| Income taxes | 67/77 | €9,225 | €11,311 | +€2,085 | +22.6% |
| Profit (loss) for the period | 9904 | €23,650 | €20,816 | -€2,835 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,650 | €20,816 | -€2,835 | -12.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.