LUKA-BATI: 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.
LUKA-BATI
Largest movements
- Stocks and contracts -€132,109
down €132,109 (-60.8%), from €217,333 to €85,224
- Receivables within one year -€129,018
down €129,018 (-46.2%), from €278,995 to €149,977
of which Trade receivables: -€82,355
- Cash +€41,376
up €41,376 (+847%), from €4,885 to €46,260
mainly Stocks and contracts (+€132,109) and Receivables within one year (+€129,018)
- Deferred charges and accrued income +€29,625
up €29,625 (+1,299%), from €2,280 to €31,905
- Tangible fixed assets -€11,607
down €11,607 (-6.6%), from €175,059 to €163,452
of which Land and buildings: -€6,250
- Other debts -€142,096
down €142,096 (-83.7%), from €169,782 to €27,686
- Trade debts -€42,663
down €42,663 (-32.7%), from €130,641 to €87,978
of which Suppliers: -€42,663
- Current portion of long-term debt -€40,169
down €40,169 (-38.9%), from €103,260 to €63,091
- Profit (loss) carried forward +€19,220
up €19,220 (+13.6%), from €141,629 to €160,849
- Tax, wage and social debts +€10,955
up €10,955 (+94.7%), from €11,574 to €22,528
- Gross operating margin -€22,816
down €22,816 (-32.1%), from €71,078 to €48,263
- Depreciation -€6,659
down €6,659 (-32.5%), from €20,496 to €13,837
- Taxes -€3,199
down €3,199 (-35.4%), from €9,048 to €5,849
- Other operating charges -€1,380
down €1,380 (-43.8%), from €3,149 to €1,769
- Financial charges -€859
down €859 (-10.2%), from €8,447 to €7,589
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 | €678,551 | €476,818 | -€201,733 | -29.7% |
| Fixed assets | 21/28 | €175,059 | €163,452 | -€11,607 | -6.6% |
| Tangible fixed assets | 22/27 | €175,059 | €163,452 | -€11,607 | -6.6% |
| Land and buildings | 22 | €165,890 | €159,640 | -€6,250 | -3.8% |
| Plant, machinery and equipment | 23 | €7,498 | €3,672 | -€3,826 | -51.0% |
| Furniture and vehicles | 24 | €1,671 | €140 | -€1,531 | -91.6% |
| Current assets | 29/58 | €503,492 | €313,366 | -€190,126 | -37.8% |
| Stocks and contracts in progress | 3 | €217,333 | €85,224 | -€132,109 | -60.8% |
| Stocks | 30/36 | €217,333 | €85,224 | -€132,109 | -60.8% |
| Amounts receivable within one year | 40/41 | €278,995 | €149,977 | -€129,018 | -46.2% |
| Trade receivables | 40 | €225,683 | €143,328 | -€82,355 | -36.5% |
| Other amounts receivable | 41 | €53,311 | €6,649 | -€46,663 | -87.5% |
| Cash at bank and in hand | 54/58 | €4,885 | €46,260 | +€41,376 | +847% |
| Deferred charges and accrued income | 490/1 | €2,280 | €31,905 | +€29,625 | +1,299% |
| Total equity and liabilities | 10/49 | €678,551 | €476,818 | -€201,733 | -29.7% |
| Equity | 10/15 | €148,929 | €168,149 | +€19,220 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,629 | €160,849 | +€19,220 | +13.6% |
| Amounts payable | 17/49 | €529,623 | €308,670 | -€220,953 | -41.7% |
| Amounts payable after more than one year | 17 | €114,366 | €107,387 | -€6,979 | -6.1% |
| Financial debts | 170/4 | €114,366 | €107,387 | -€6,979 | -6.1% |
| Amounts payable within one year | 42/48 | €415,257 | €201,283 | -€213,974 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €103,260 | €63,091 | -€40,169 | -38.9% |
| Trade debts | 44 | €130,641 | €87,978 | -€42,663 | -32.7% |
| Suppliers | 440/4 | €120,641 | €77,978 | -€42,663 | -35.4% |
| Bills of exchange payable | 441 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,574 | €22,528 | +€10,955 | +94.7% |
| Taxes | 450/3 | €11,574 | €22,528 | +€10,955 | +94.7% |
| Other amounts payable | 47/48 | €169,782 | €27,686 | -€142,096 | -83.7% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,496 | €13,837 | -€6,659 | -32.5% |
| Other operating charges | 640/8 | €3,149 | €1,769 | -€1,380 | -43.8% |
| Gross operating margin | 9900 | €71,078 | €48,263 | -€22,816 | -32.1% |
| Operating profit (loss) | 9901 | €47,433 | €32,657 | -€14,776 | -31.2% |
| Financial income | 75/76B | €5 | €1 | -€3 | -74.5% |
| Recurring financial income | 75 | €5 | €1 | -€3 | -74.5% |
| Financial charges | 65/66B | €8,447 | €7,589 | -€859 | -10.2% |
| Recurring financial charges | 65 | €8,447 | €7,589 | -€859 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €38,990 | €25,069 | -€13,921 | -35.7% |
| Income taxes | 67/77 | €9,048 | €5,849 | -€3,199 | -35.4% |
| Profit (loss) for the period | 9904 | €29,942 | €19,220 | -€10,722 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,942 | €19,220 | -€10,722 | -35.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.