LUKA: 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.
LUKA
Largest movements
- Cash +€58,485
up €58,485 (+9.6%), from €612,390 to €670,875
mainly Net result for the year (+€45,678) and Debts after one year (+€29,886)
- Receivables after one year +€31,798
up €31,798 (+4.1%), from €783,196 to €814,994
- Reserves +€45,678
up €45,678 (+9.4%), from €488,232 to €533,910
of which Distributable reserves: +€45,678
- Debts after one year +€29,886
up €29,886 (+5.0%), from €596,420 to €626,306
- Financial income -€11,024
down €11,024 (-22.4%), from €49,174 to €38,150
- Gross operating margin +€4,079
up €4,079 (+5.0%), from €82,359 to €86,439
- Taxes -€1,752
down €1,752 (-7.6%), from €23,181 to €21,430
- Financial charges -€1,487
down €1,487 (-3.3%), from €44,504 to €43,017
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 | €1,672,996 | €1,747,592 | +€74,595 | +4.5% |
| Fixed assets | 21/28 | €270,065 | €256,679 | -€13,386 | -5.0% |
| Tangible fixed assets | 22/27 | €269,956 | €256,570 | -€13,386 | -5.0% |
| Land and buildings | 22 | €269,956 | €256,570 | -€13,386 | -5.0% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €1,402,931 | €1,490,913 | +€87,981 | +6.3% |
| Amounts receivable after more than one year | 29 | €783,196 | €814,994 | +€31,798 | +4.1% |
| Other amounts receivable | 291 | €783,196 | €814,994 | +€31,798 | +4.1% |
| Amounts receivable within one year | 40/41 | €7,345 | €5,044 | -€2,301 | -31.3% |
| Other amounts receivable | 41 | €7,345 | €5,044 | -€2,301 | -31.3% |
| Cash at bank and in hand | 54/58 | €612,390 | €670,875 | +€58,485 | +9.6% |
| Total equity and liabilities | 10/49 | €1,672,996 | €1,747,592 | +€74,595 | +4.5% |
| Equity | 10/15 | €1,058,232 | €1,103,910 | +€45,678 | +4.3% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Capital | 10 | €570,000 | €570,000 | = | 0.0% |
| Issued capital | 100 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €488,232 | €533,910 | +€45,678 | +9.4% |
| Non-distributable reserves | 130/1 | €57,000 | €57,000 | = | 0.0% |
| Legal reserve | 130 | €57,000 | €57,000 | = | 0.0% |
| Distributable reserves | 133 | €431,232 | €476,910 | +€45,678 | +10.6% |
| Amounts payable | 17/49 | €614,764 | €643,682 | +€28,918 | +4.7% |
| Amounts payable after more than one year | 17 | €596,420 | €626,306 | +€29,886 | +5.0% |
| Financial debts | 170/4 | €596,420 | €626,306 | +€29,886 | +5.0% |
| Amounts payable within one year | 42/48 | €18,344 | €17,376 | -€968 | -5.3% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €18,218 | €17,376 | -€842 | -4.6% |
| Taxes | 450/3 | €18,218 | €17,376 | -€842 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,386 | €13,386 | = | 0.0% |
| Other operating charges | 640/8 | €1,048 | €1,078 | +€30 | +2.9% |
| Gross operating margin | 9900 | €82,359 | €86,439 | +€4,079 | +5.0% |
| Operating profit (loss) | 9901 | €67,926 | €71,975 | +€4,049 | +6.0% |
| Financial income | 75/76B | €49,174 | €38,150 | -€11,024 | -22.4% |
| Recurring financial income | 75 | €49,174 | €38,150 | -€11,024 | -22.4% |
| Financial charges | 65/66B | €44,504 | €43,017 | -€1,487 | -3.3% |
| Recurring financial charges | 65 | €44,504 | €43,017 | -€1,487 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €72,595 | €67,107 | -€5,488 | -7.6% |
| Income taxes | 67/77 | €23,181 | €21,430 | -€1,752 | -7.6% |
| Profit (loss) for the period | 9904 | €49,414 | €45,678 | -€3,736 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,414 | €45,678 | -€3,736 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.