LUK VANDUFFEL: 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 VANDUFFEL
Largest movements
- Receivables within one year -€31,026
down €31,026 (-63.1%), from €49,184 to €18,158
- Stocks and contracts +€17,465
up €17,465 (+337.0%), from €5,182 to €22,647
- Cash +€15,964
up €15,964 (+33.1%), from €48,208 to €64,172
mainly Receivables within one year (+€31,026) and Depreciation (+€2,231)
- Tangible fixed assets -€2,231
down €2,231 (-25.3%), from €8,831 to €6,599
of which Furniture and vehicles: -€1,870
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€11,303
down €11,303 (-85.1%), from €13,287 to €1,984
- Depreciation +€990
up €990 (+79.8%), from €1,241 to €2,231
- Financial charges -€829
down €829 (-100.0%), from €829 to €0
- Taxes -€252
down €252, from €73 to -€180
- Other operating charges -€159
down €159 (-23.5%), from €679 to €520
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 | €111,405 | €111,576 | +€171 | +0.2% |
| Fixed assets | 21/28 | €8,831 | €6,599 | -€2,231 | -25.3% |
| Tangible fixed assets | 22/27 | €8,831 | €6,599 | -€2,231 | -25.3% |
| Furniture and vehicles | 24 | €8,469 | €6,599 | -€1,870 | -22.1% |
| Other tangible fixed assets | 26 | €362 | - | -€362 | |
| Current assets | 29/58 | €102,574 | €104,977 | +€2,403 | +2.3% |
| Stocks and contracts in progress | 3 | €5,182 | €22,647 | +€17,465 | +337.0% |
| Stocks | 30/36 | €5,182 | €22,647 | +€17,465 | +337.0% |
| Amounts receivable within one year | 40/41 | €49,184 | €18,158 | -€31,026 | -63.1% |
| Other amounts receivable | 41 | €49,184 | €18,158 | -€31,026 | -63.1% |
| Cash at bank and in hand | 54/58 | €48,208 | €64,172 | +€15,964 | +33.1% |
| Total equity and liabilities | 10/49 | €111,405 | €111,576 | +€171 | +0.2% |
| Equity | 10/15 | €110,150 | €109,690 | -€460 | -0.4% |
| Contributions | 10/11 | €104,092 | €104,092 | = | 0.0% |
| Reserves | 13 | €10,409 | €10,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,409 | €10,409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,409 | €10,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,352 | -€4,811 | -€460 | -10.6% |
| Amounts payable | 17/49 | €1,255 | €1,886 | +€631 | +50.3% |
| Amounts payable within one year | 42/48 | €452 | €1,108 | +€656 | +145.0% |
| Trade debts | 44 | €200 | €546 | +€346 | +173.1% |
| Suppliers | 440/4 | €200 | €546 | +€346 | +173.1% |
| Taxes, remuneration and social security | 45 | €252 | €562 | +€310 | +122.8% |
| Taxes | 450/3 | €252 | €562 | +€310 | +122.8% |
| Accrued charges and deferred income | 492/3 | €803 | €778 | -€25 | -3.1% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €2,231 | +€990 | +79.8% |
| Other operating charges | 640/8 | €679 | €520 | -€159 | -23.5% |
| Gross operating margin | 9900 | €13,287 | €1,984 | -€11,303 | -85.1% |
| Operating profit (loss) | 9901 | €11,367 | -€767 | -€12,134 | |
| Financial income | 75/76B | €2 | €127 | +€126 | +6977.2% |
| Recurring financial income | 75 | €2 | €127 | +€126 | +6977.2% |
| Financial charges | 65/66B | €829 | €0 | -€829 | -100.0% |
| Recurring financial charges | 65 | €829 | €0 | -€829 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €10,540 | -€639 | -€11,180 | |
| Income taxes | 67/77 | €73 | -€180 | -€252 | |
| Profit (loss) for the period | 9904 | €10,468 | -€460 | -€10,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,468 | -€460 | -€10,927 |
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 7 October 2026 via checked.be.