Luka Projects: 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 Projects
Largest movements
- Tangible fixed assets +€31,543
up €31,543 (+262.9%), from €11,999 to €43,542
- Receivables within one year +€15,019
up €15,019 (+139.7%), from €10,749 to €25,768
of which Trade receivables: +€15,019
- Stocks and contracts +€11,634
new in 2025: €11,634
- Cash +€7,854
up €7,854 (+21.6%), from €36,303 to €44,157
mainly Debts after one year (+€34,378) and Net result for the year (+€16,472)
- Debts after one year +€34,378
up €34,378, from €0 to €34,378
- Reserves +€16,472
up €16,472 (+62.2%), from €26,492 to €42,964
- Trade debts +€10,550
up €10,550 (+7763.9%), from €136 to €10,686
- Current portion of long-term debt +€8,694
up €8,694 (+564.7%), from €1,540 to €10,234
- Tax, wage and social debts -€4,121
down €4,121 (-18.8%), from €21,886 to €17,765
- Gross operating margin +€7,427
up €7,427 (+19.1%), from €38,800 to €46,226
- Other operating charges +€2,303
up €2,303 (+45.4%), from €5,072 to €7,375
- Depreciation +€1,484
up €1,484 (+27.6%), from €5,387 to €6,871
- Financial charges +€832
up €832 (+160.1%), from €520 to €1,352
- Taxes +€768
up €768 (+8.3%), from €9,266 to €10,034
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 | €59,182 | €125,607 | +€66,424 | +112.2% |
| Fixed assets | 21/28 | €11,999 | €43,542 | +€31,543 | +262.9% |
| Tangible fixed assets | 22/27 | €11,999 | €43,542 | +€31,543 | +262.9% |
| Leasing and similar rights | 25 | €11,999 | €43,542 | +€31,543 | +262.9% |
| Current assets | 29/58 | €47,183 | €82,065 | +€34,882 | +73.9% |
| Stocks and contracts in progress | 3 | - | €11,634 | +€11,634 | |
| Stocks | 30/36 | - | €11,634 | +€11,634 | |
| Amounts receivable within one year | 40/41 | €10,749 | €25,768 | +€15,019 | +139.7% |
| Trade receivables | 40 | €10,749 | €25,768 | +€15,019 | +139.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,303 | €44,157 | +€7,854 | +21.6% |
| Deferred charges and accrued income | 490/1 | €132 | €506 | +€374 | +284.2% |
| Total equity and liabilities | 10/49 | €59,182 | €125,607 | +€66,424 | +112.2% |
| Equity | 10/15 | €28,992 | €45,464 | +€16,472 | +56.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,492 | €42,964 | +€16,472 | +62.2% |
| Distributable reserves | 133 | €26,492 | €42,964 | +€16,472 | +62.2% |
| Amounts payable | 17/49 | €30,190 | €80,142 | +€49,952 | +165.5% |
| Amounts payable after more than one year | 17 | €0 | €34,378 | +€34,378 | |
| Financial debts | 170/4 | €0 | €34,378 | +€34,378 | |
| Amounts payable within one year | 42/48 | €29,934 | €45,764 | +€15,830 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €1,540 | €10,234 | +€8,694 | +564.7% |
| Trade debts | 44 | €136 | €10,686 | +€10,550 | +7763.9% |
| Suppliers | 440/4 | €136 | €10,686 | +€10,550 | +7763.9% |
| Taxes, remuneration and social security | 45 | €21,886 | €17,765 | -€4,121 | -18.8% |
| Taxes | 450/3 | €21,886 | €17,765 | -€4,121 | -18.8% |
| Other amounts payable | 47/48 | €6,373 | €7,080 | +€706 | +11.1% |
| Accrued charges and deferred income | 492/3 | €256 | €0 | -€256 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,387 | €6,871 | +€1,484 | +27.6% |
| Other operating charges | 640/8 | €5,072 | €7,375 | +€2,303 | +45.4% |
| Non-recurring operating charges | 66A | - | €4,122 | +€4,122 | |
| Gross operating margin | 9900 | €38,800 | €46,226 | +€7,427 | +19.1% |
| Operating profit (loss) | 9901 | €28,340 | €27,858 | -€482 | -1.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +320.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +320.0% |
| Financial charges | 65/66B | €520 | €1,352 | +€832 | +160.1% |
| Recurring financial charges | 65 | €520 | €1,352 | +€832 | +160.1% |
| Profit (loss) for the period before taxes | 9903 | €27,820 | €26,506 | -€1,314 | -4.7% |
| Income taxes | 67/77 | €9,266 | €10,034 | +€768 | +8.3% |
| Profit (loss) for the period | 9904 | €18,554 | €16,472 | -€2,083 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,554 | €16,472 | -€2,083 | -11.2% |
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 10 October 2026 via checked.be.