LUK SOERS: 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 SOERS
Largest movements
- Receivables after one year +€55,000
up €55,000 (+64.7%), from €85,000 to €140,000
- Receivables within one year -€50,127
down €50,127 (-73.2%), from €68,526 to €18,398
of which Trade receivables: -€45,281
- Cash +€47,790
up €47,790 (+155%), from €30,811 to €78,601
mainly Receivables within one year (+€50,127) and Net result for the year (+€34,363)
- Tangible fixed assets -€5,911
down €5,911 (-41.3%), from €14,319 to €8,408
of which Furniture and vehicles: -€5,911
- Reserves +€34,363
up €34,363 (+14.7%), from €234,110 to €268,474
- Tax, wage and social debts +€7,363
up €7,363 (+79.2%), from €9,291 to €16,654
of which Taxes: +€7,345
- Other debts +€5,000
up €5,000 (+28.6%), from €17,500 to €22,500
- Gross operating margin -€38,581
down €38,581 (-41.1%), from €93,765 to €55,185
- Taxes -€10,483
down €10,483 (-41.7%), from €25,147 to €14,665
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 | €294,906 | €341,657 | +€46,751 | +15.9% |
| Fixed assets | 21/28 | €110,569 | €104,658 | -€5,911 | -5.3% |
| Tangible fixed assets | 22/27 | €14,319 | €8,408 | -€5,911 | -41.3% |
| Plant, machinery and equipment | 23 | €6,050 | €6,050 | = | 0.0% |
| Furniture and vehicles | 24 | €8,269 | €2,358 | -€5,911 | -71.5% |
| Financial fixed assets | 28 | €96,250 | €96,250 | = | 0.0% |
| Current assets | 29/58 | €184,336 | €236,999 | +€52,663 | +28.6% |
| Amounts receivable after more than one year | 29 | €85,000 | €140,000 | +€55,000 | +64.7% |
| Other amounts receivable | 291 | €85,000 | €140,000 | +€55,000 | +64.7% |
| Amounts receivable within one year | 40/41 | €68,526 | €18,398 | -€50,127 | -73.2% |
| Trade receivables | 40 | €63,673 | €18,392 | -€45,281 | -71.1% |
| Other amounts receivable | 41 | €4,853 | €6 | -€4,846 | -99.9% |
| Cash at bank and in hand | 54/58 | €30,811 | €78,601 | +€47,790 | +155% |
| Total equity and liabilities | 10/49 | €294,906 | €341,657 | +€46,751 | +15.9% |
| Equity | 10/15 | €266,525 | €300,889 | +€34,363 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,110 | €268,474 | +€34,363 | +14.7% |
| Distributable reserves | 133 | €234,110 | €268,474 | +€34,363 | +14.7% |
| Profit (loss) carried forward | 14 | €13,815 | €13,815 | = | 0.0% |
| Amounts payable | 17/49 | €28,380 | €40,768 | +€12,388 | +43.7% |
| Amounts payable within one year | 42/48 | €28,380 | €40,768 | +€12,388 | +43.7% |
| Trade debts | 44 | €1,590 | €1,615 | +€25 | +1.6% |
| Suppliers | 440/4 | €1,590 | €1,615 | +€25 | +1.6% |
| Taxes, remuneration and social security | 45 | €9,291 | €16,654 | +€7,363 | +79.2% |
| Taxes | 450/3 | €6,152 | €13,496 | +€7,345 | +119% |
| Remuneration and social security | 454/9 | €3,139 | €3,157 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €17,500 | €22,500 | +€5,000 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,131 | €5,911 | -€220 | -3.6% |
| Gross operating margin | 9900 | €93,765 | €55,185 | -€38,581 | -41.1% |
| Operating profit (loss) | 9901 | €87,634 | €49,273 | -€38,361 | -43.8% |
| Financial charges | 65/66B | €311 | €245 | -€66 | -21.1% |
| Recurring financial charges | 65 | €311 | €245 | -€66 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €87,323 | €49,028 | -€38,295 | -43.9% |
| Income taxes | 67/77 | €25,147 | €14,665 | -€10,483 | -41.7% |
| Profit (loss) for the period | 9904 | €62,176 | €34,363 | -€27,813 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,176 | €34,363 | -€27,813 | -44.7% |
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 14 October 2026 via checked.be.