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
- Cash +€153,517
up €153,517 (+212.4%), from €72,281 to €225,798
mainly Receivables within one year (+€141,635) and Depreciation (+€101,684)
- Receivables within one year -€141,635
down €141,635 (-70.3%), from €201,613 to €59,978
of which Other amounts receivable: -€174,435
- Stocks and contracts -€94,354
down €94,354 (-11.2%), from €844,275 to €749,921
- Financial fixed assets -€48,412
down €48,412 (-100.0%), from €48,412 to €0
- Debts after one year -€93,594
down €93,594 (-11.6%), from €804,452 to €710,858
of which Other amounts payable: -€66,500
- Trade debts -€63,359
down €63,359 (-85.8%), from €73,819 to €10,459
- Current portion of long-term debt -€42,395
down €42,395 (-35.0%), from €121,069 to €78,674
- Short-term financial debts -€29,410
down €29,410 (-100.0%), from €29,410 to €0
- Financial income -€98,246
down €98,246 (-49.9%), from €197,004 to €98,758
- Taxes -€23,841
down €23,841 (-75.4%), from €31,636 to €7,794
- Other operating charges +€16,127
up €16,127 (+164.5%), from €9,806 to €25,933
- Gross operating margin -€15,961
down €15,961 (-10.2%), from €157,142 to €141,181
- Depreciation +€13,598
up €13,598 (+15.4%), from €88,086 to €101,684
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 | €2,838,394 | €2,636,448 | -€201,946 | -7.1% |
| Fixed assets | 21/28 | €1,659,017 | €1,592,323 | -€66,694 | -4.0% |
| Tangible fixed assets | 22/27 | €1,610,605 | €1,592,323 | -€18,282 | -1.1% |
| Land and buildings | 22 | €1,465,216 | €1,429,301 | -€35,915 | -2.5% |
| Plant, machinery and equipment | 23 | €39,558 | €81,429 | +€41,871 | +105.8% |
| Furniture and vehicles | 24 | €105,831 | €70,948 | -€34,883 | -33.0% |
| Other tangible fixed assets | 26 | - | €10,645 | +€10,645 | |
| Financial fixed assets | 28 | €48,412 | €0 | -€48,412 | -100.0% |
| Current assets | 29/58 | €1,179,377 | €1,044,125 | -€135,251 | -11.5% |
| Amounts receivable after more than one year | 29 | €27,020 | €0 | -€27,020 | -100.0% |
| Trade receivables | 290 | €27,020 | €0 | -€27,020 | -100.0% |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €844,275 | €749,921 | -€94,354 | -11.2% |
| Stocks | 30/36 | €844,275 | €749,921 | -€94,354 | -11.2% |
| Amounts receivable within one year | 40/41 | €201,613 | €59,978 | -€141,635 | -70.3% |
| Trade receivables | 40 | €1,963 | €34,763 | +€32,799 | +1670.6% |
| Other amounts receivable | 41 | €199,650 | €25,215 | -€174,435 | -87.4% |
| Cash at bank and in hand | 54/58 | €72,281 | €225,798 | +€153,517 | +212.4% |
| Deferred charges and accrued income | 490/1 | €34,188 | €8,429 | -€25,759 | -75.3% |
| Total equity and liabilities | 10/49 | €2,838,394 | €2,636,448 | -€201,946 | -7.1% |
| Equity | 10/15 | €1,782,928 | €1,805,993 | +€23,065 | +1.3% |
| Contributions | 10/11 | €726,200 | €726,200 | = | 0.0% |
| Reserves | 13 | €1,056,728 | €1,079,793 | +€23,065 | +2.2% |
| Non-distributable reserves | 130/1 | €30,653 | €30,653 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,653 | €30,653 | = | 0.0% |
| Distributable reserves | 133 | €1,026,075 | €1,049,139 | +€23,065 | +2.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,055,466 | €830,456 | -€225,010 | -21.3% |
| Amounts payable after more than one year | 17 | €804,452 | €710,858 | -€93,594 | -11.6% |
| Financial debts | 170/4 | €504,452 | €477,358 | -€27,094 | -5.4% |
| Other amounts payable | 178/9 | €300,000 | €233,500 | -€66,500 | -22.2% |
| Amounts payable within one year | 42/48 | €249,650 | €119,590 | -€130,060 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €121,069 | €78,674 | -€42,395 | -35.0% |
| Financial debts | 43 | €29,410 | €0 | -€29,410 | -100.0% |
| Credit institutions | 430/8 | €29,410 | €0 | -€29,410 | -100.0% |
| Trade debts | 44 | €73,819 | €10,459 | -€63,359 | -85.8% |
| Suppliers | 440/4 | €73,819 | €10,459 | -€63,359 | -85.8% |
| Taxes, remuneration and social security | 45 | €24,899 | €8,884 | -€16,015 | -64.3% |
| Taxes | 450/3 | €24,899 | €8,884 | -€16,015 | -64.3% |
| Other amounts payable | 47/48 | €453 | €21,572 | +€21,119 | +4659.1% |
| Accrued charges and deferred income | 492/3 | €1,364 | €8 | -€1,355 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,086 | €101,684 | +€13,598 | +15.4% |
| Other operating charges | 640/8 | €9,806 | €25,933 | +€16,127 | +164.5% |
| Gross operating margin | 9900 | €157,142 | €141,181 | -€15,961 | -10.2% |
| Operating profit (loss) | 9901 | €59,249 | €13,563 | -€45,686 | -77.1% |
| Financial income | 75/76B | €197,004 | €98,758 | -€98,246 | -49.9% |
| Recurring financial income | 75 | €197,004 | €98,758 | -€98,246 | -49.9% |
| Financial charges | 65/66B | €29,629 | €30,195 | +€567 | +1.9% |
| Recurring financial charges | 65 | €29,629 | €30,195 | +€567 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €226,625 | €82,126 | -€144,499 | -63.8% |
| Income taxes | 67/77 | €31,636 | €7,794 | -€23,841 | -75.4% |
| Profit (loss) for the period | 9904 | €194,989 | €74,332 | -€120,657 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €194,989 | €74,332 | -€120,657 | -61.9% |
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 11 October 2026 via checked.be.