LUK HANNES: 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.
LUK HANNES
Largest movements
- Cash -€171,662
down €171,662 (-47.1%), from €364,173 to €192,512
mainly Tax, wage and social debts (-€112,638) and Contributions, distributions and other (-€96,386)
- Current investments +€37,000
up €37,000 (+4.2%), from €885,048 to €922,048
- Tax, wage and social debts -€112,638
down €112,638 (-73.7%), from €152,859 to €40,221
of which Taxes: -€115,239
- Reserves -€31,924
down €31,924 (-1.5%), from €2.2m to €2.1m
of which Distributable reserves: -€31,924
- Financial income -€1.2m
down €1.2m (-99.8%), from €1.2m to €2,061
- Taxes -€92,774
down €92,774 (-66.0%), from €140,493 to €47,720
- Gross operating margin +€17,492
up €17,492 (+8.3%), from €210,254 to €227,745
- Staff costs +€5,572
up €5,572 (+5.2%), from €106,803 to €112,376
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 | €2,523,934 | €2,384,652 | -€139,282 | -5.5% |
| Fixed assets | 21/28 | €1,204,688 | €1,202,297 | -€2,391 | -0.2% |
| Tangible fixed assets | 22/27 | €10,360 | €7,969 | -€2,391 | -23.1% |
| Land and buildings | 22 | €6,783 | €4,392 | -€2,391 | -35.2% |
| Other tangible fixed assets | 26 | €3,577 | €3,577 | = | 0.0% |
| Financial fixed assets | 28 | €1,194,328 | €1,194,328 | = | 0.0% |
| Current assets | 29/58 | €1,319,246 | €1,182,355 | -€136,891 | -10.4% |
| Stocks and contracts in progress | 3 | €49,952 | €49,952 | = | 0.0% |
| Stocks | 30/36 | €49,952 | €49,952 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,073 | €15,701 | -€4,372 | -21.8% |
| Other amounts receivable | 41 | €20,073 | €15,701 | -€4,372 | -21.8% |
| Current investments | 50/53 | €885,048 | €922,048 | +€37,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €364,173 | €192,512 | -€171,662 | -47.1% |
| Deferred charges and accrued income | 490/1 | €0 | €2,143 | +€2,143 | |
| Total equity and liabilities | 10/49 | €2,523,934 | €2,384,652 | -€139,282 | -5.5% |
| Equity | 10/15 | €2,178,347 | €2,146,423 | -€31,924 | -1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,172,147 | €2,140,223 | -€31,924 | -1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,170,287 | €2,138,363 | -€31,924 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €183,928 | €183,928 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €183,928 | €183,928 | = | 0.0% |
| Pensions and similar obligations | 160 | €183,928 | €183,928 | = | 0.0% |
| Amounts payable | 17/49 | €161,659 | €54,302 | -€107,358 | -66.4% |
| Amounts payable within one year | 42/48 | €161,659 | €54,302 | -€107,358 | -66.4% |
| Trade debts | 44 | €8,801 | €14,081 | +€5,280 | +60.0% |
| Suppliers | 440/4 | €8,801 | €14,081 | +€5,280 | +60.0% |
| Taxes, remuneration and social security | 45 | €152,859 | €40,221 | -€112,638 | -73.7% |
| Taxes | 450/3 | €142,338 | €27,099 | -€115,239 | -81.0% |
| Remuneration and social security | 454/9 | €10,521 | €13,122 | +€2,601 | +24.7% |
| Non-recurring operating income | 76A | €1,627 | €0 | -€1,627 | -100% |
| Remuneration, social security and pensions | 62 | €106,803 | €112,376 | +€5,572 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,108 | €2,391 | -€717 | -23.1% |
| Other operating charges | 640/8 | €1,134 | €2,202 | +€1,068 | +94.1% |
| Non-recurring operating charges | 66A | €4,568 | - | -€4,568 | |
| Gross operating margin | 9900 | €210,254 | €227,745 | +€17,492 | +8.3% |
| Operating profit (loss) | 9901 | €94,639 | €110,776 | +€16,137 | +17.1% |
| Financial income | 75/76B | €1,201,754 | €2,061 | -€1.2m | -99.8% |
| Recurring financial income | 75 | €1,201,754 | €2,061 | -€1.2m | -99.8% |
| Financial charges | 65/66B | €991 | €656 | -€335 | -33.8% |
| Recurring financial charges | 65 | €991 | €656 | -€335 | -33.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,295,402 | €112,181 | -€1.2m | -91.3% |
| Income taxes | 67/77 | €140,493 | €47,720 | -€92,774 | -66.0% |
| Profit (loss) for the period | 9904 | €1,154,909 | €64,462 | -€1.1m | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,154,909 | €64,462 | -€1.1m | -94.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.