LUKHAB: 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.
LUKHAB
Largest movements
- Cash -€21,306
down €21,306 (-58.3%), from €36,546 to €15,241
mainly Other debts (-€141,372) and Net result for the year (-€28,117)
- Receivables within one year +€14,922
up €14,922 (+159%), from €9,371 to €24,293
of which Trade receivables: +€14,436
- Tangible fixed assets -€5,281
down €5,281 (-11.0%), from €47,873 to €42,592
of which Plant, machinery and equipment: -€7,765
- Other debts -€141,372
no longer reported in 2024 (was €141,372)
- Debts after one year +€137,871
new in 2024: €137,871
- Tax, wage and social debts +€42,426
up €42,426 (+198%), from €21,461 to €63,888
of which Taxes: +€24,446
- Profit (loss) carried forward -€28,117
down €28,117 (-19.9%), from -€141,563 to -€169,680
- Trade debts -€20,362
down €20,362 (-34.2%), from €59,583 to €39,221
- Gross operating margin -€64,383
down €64,383 (-38.5%), from €167,233 to €102,850
- Staff costs -€42,710
down €42,710 (-26.6%), from €160,361 to €117,651
- Taxes -€6,000
new in 2024: -€6,000
- Other operating charges +€4,142
up €4,142 (+337%), from €1,229 to €5,371
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,964 | €93,300 | -€11,665 | -11.1% |
| Fixed assets | 21/28 | €47,873 | €42,592 | -€5,281 | -11.0% |
| Tangible fixed assets | 22/27 | €47,873 | €42,592 | -€5,281 | -11.0% |
| Plant, machinery and equipment | 23 | €31,487 | €23,722 | -€7,765 | -24.7% |
| Furniture and vehicles | 24 | €16,387 | €18,871 | +€2,484 | +15.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €57,091 | €50,707 | -€6,384 | -11.2% |
| Stocks and contracts in progress | 3 | €11,174 | €11,174 | = | 0.0% |
| Stocks | 30/36 | €11,174 | €11,174 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,371 | €24,293 | +€14,922 | +159% |
| Trade receivables | 40 | €8,764 | €23,200 | +€14,436 | +165% |
| Other amounts receivable | 41 | €607 | €1,093 | +€486 | +80.0% |
| Cash at bank and in hand | 54/58 | €36,546 | €15,241 | -€21,306 | -58.3% |
| Total equity and liabilities | 10/49 | €104,964 | €93,300 | -€11,665 | -11.1% |
| Equity | 10/15 | -€119,563 | -€147,680 | -€28,117 | -23.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,563 | -€169,680 | -€28,117 | -19.9% |
| Amounts payable | 17/49 | €224,527 | €240,980 | +€16,452 | +7.3% |
| Amounts payable after more than one year | 17 | - | €137,871 | +€137,871 | |
| Other amounts payable | 178/9 | - | €137,871 | +€137,871 | |
| Amounts payable within one year | 42/48 | €224,527 | €103,108 | -€121,419 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €2,111 | - | -€2,111 | |
| Trade debts | 44 | €59,583 | €39,221 | -€20,362 | -34.2% |
| Suppliers | 440/4 | €59,583 | €39,221 | -€20,362 | -34.2% |
| Taxes, remuneration and social security | 45 | €21,461 | €63,888 | +€42,426 | +198% |
| Taxes | 450/3 | €6,540 | €30,985 | +€24,446 | +374% |
| Remuneration and social security | 454/9 | €14,922 | €32,902 | +€17,980 | +120% |
| Other amounts payable | 47/48 | €141,372 | - | -€141,372 | |
| Remuneration, social security and pensions | 62 | €160,361 | €117,651 | -€42,710 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,906 | €13,192 | +€1,286 | +10.8% |
| Other operating charges | 640/8 | €1,229 | €5,371 | +€4,142 | +337% |
| Gross operating margin | 9900 | €167,233 | €102,850 | -€64,383 | -38.5% |
| Operating profit (loss) | 9901 | -€6,263 | -€33,364 | -€27,101 | -433% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €770 | €795 | +€26 | +3.3% |
| Recurring financial charges | 65 | €770 | €795 | +€26 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,033 | -€34,117 | -€27,084 | -385% |
| Income taxes | 67/77 | - | -€6,000 | -€6,000 | |
| Profit (loss) for the period | 9904 | -€7,033 | -€28,117 | -€21,084 | -300% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,033 | -€28,117 | -€21,084 | -300% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.