LUKA INVEST: 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 INVEST
Largest movements
- Cash -€23,251
down €23,251 (-53.5%), from €43,474 to €20,223
mainly Debts after one year (-€121,338) and Investment in fixed assets (net) (-€50,180)
- Tangible fixed assets -€21,646
down €21,646 (-1.3%), from €1.7m to €1.7m
of which Land and buildings: -€69,078
- Debts after one year -€121,338
down €121,338 (-13.5%), from €900,042 to €778,703
of which Other amounts payable: -€66,000
- Reserves +€66,700
up €66,700 (+29.8%), from €224,008 to €290,707
- Gross operating margin +€56,304
up €56,304 (+36.1%), from €155,781 to €212,085
- Taxes +€21,080
up €21,080 (+163%), from €12,917 to €33,997
- Financial charges -€3,219
down €3,219 (-9.9%), from €32,531 to €29,312
- Financial income +€3,069
new in 2025: €3,069
- Depreciation -€3,059
down €3,059 (-4.1%), from €74,913 to €71,854
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 | €1,807,879 | €1,759,513 | -€48,366 | -2.7% |
| Fixed assets | 21/28 | €1,690,723 | €1,669,049 | -€21,674 | -1.3% |
| Tangible fixed assets | 22/27 | €1,689,505 | €1,667,860 | -€21,646 | -1.3% |
| Land and buildings | 22 | €1,688,307 | €1,619,229 | -€69,078 | -4.1% |
| Furniture and vehicles | 24 | €1,199 | €1,631 | +€433 | +36.1% |
| Other tangible fixed assets | 26 | - | €47,000 | +€47,000 | |
| Financial fixed assets | 28 | €1,218 | €1,189 | -€28 | -2.3% |
| Current assets | 29/58 | €117,156 | €90,463 | -€26,693 | -22.8% |
| Amounts receivable within one year | 40/41 | €69,848 | €63,891 | -€5,957 | -8.5% |
| Trade receivables | 40 | €66,680 | €63,891 | -€2,790 | -4.2% |
| Other amounts receivable | 41 | €3,167 | - | -€3,167 | |
| Cash at bank and in hand | 54/58 | €43,474 | €20,223 | -€23,251 | -53.5% |
| Deferred charges and accrued income | 490/1 | €3,834 | €6,350 | +€2,516 | +65.6% |
| Total equity and liabilities | 10/49 | €1,807,879 | €1,759,513 | -€48,366 | -2.7% |
| Equity | 10/15 | €799,008 | €865,707 | +€66,700 | +8.3% |
| Contributions | 10/11 | €575,000 | €575,000 | = | 0.0% |
| Reserves | 13 | €224,008 | €290,707 | +€66,700 | +29.8% |
| Distributable reserves | 133 | €224,008 | €290,707 | +€66,700 | +29.8% |
| Amounts payable | 17/49 | €1,008,871 | €893,805 | -€115,066 | -11.4% |
| Amounts payable after more than one year | 17 | €900,042 | €778,703 | -€121,338 | -13.5% |
| Financial debts | 170/4 | €385,042 | €329,703 | -€55,338 | -14.4% |
| Other amounts payable | 178/9 | €515,000 | €449,000 | -€66,000 | -12.8% |
| Amounts payable within one year | 42/48 | €85,271 | €89,957 | +€4,686 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €54,635 | €55,338 | +€703 | +1.3% |
| Trade debts | 44 | €14,236 | €11,987 | -€2,249 | -15.8% |
| Suppliers | 440/4 | €14,236 | €11,987 | -€2,249 | -15.8% |
| Taxes, remuneration and social security | 45 | €12,738 | €20,047 | +€7,309 | +57.4% |
| Taxes | 450/3 | €12,738 | €20,047 | +€7,309 | +57.4% |
| Other amounts payable | 47/48 | €3,662 | €2,586 | -€1,077 | -29.4% |
| Accrued charges and deferred income | 492/3 | €23,558 | €25,145 | +€1,586 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,913 | €71,854 | -€3,059 | -4.1% |
| Other operating charges | 640/8 | €11,346 | €11,625 | +€279 | +2.5% |
| Gross operating margin | 9900 | €155,781 | €212,085 | +€56,304 | +36.1% |
| Operating profit (loss) | 9901 | €69,522 | €128,606 | +€59,084 | +85.0% |
| Financial income | 75/76B | - | €3,069 | +€3,069 | |
| Recurring financial income | 75 | - | €3,069 | +€3,069 | |
| Financial charges | 65/66B | €32,531 | €29,312 | -€3,219 | -9.9% |
| Recurring financial charges | 65 | €32,531 | €29,312 | -€3,219 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €36,990 | €102,362 | +€65,372 | +177% |
| Income taxes | 67/77 | €12,917 | €33,997 | +€21,080 | +163% |
| Profit (loss) for the period | 9904 | €24,073 | €68,366 | +€44,292 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €24,073 | €68,366 | +€44,292 | +184% |
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 29 October 2026 via checked.be.