LUKIN: what changed
Two fiscal 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.
LUKIN
Largest movements
- Receivables within one year +€12,570
up €12,570 (+34.9%), from €35,989 to €48,558
of which Other amounts receivable: +€10,164
- Cash -€8,825
down €8,825 (-37.3%), from €23,632 to €14,807
mainly Receivables within one year (-€12,570) and Trade debts (-€10,436)
- Tangible fixed assets -€7,630
down €7,630 (-95.5%), from €7,990 to €361
- Trade debts -€10,436
down €10,436 (-58.8%), from €17,741 to €7,305
- Current portion of long-term debt +€5,012
new in 2025: €5,012
- Profit (loss) carried forward +€1,539
up €1,539 (+4.3%), from €35,812 to €37,351
- Gross operating margin +€6,261
up €6,261 (+167.6%), from €3,736 to €9,997
- Depreciation +€5,382
up €5,382 (+239.5%), from €2,247 to €7,630
- Financial income +€616
up €616 (+32.5%), from €1,897 to €2,513
of which Financial income: +€616
- Other operating charges -€333
down €333 (-86.1%), from €387 to €54
- Taxes +€182
up €182 (+17.4%), from €1,048 to €1,230
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 | €68,890 | €65,005 | -€3,885 | -5.6% |
| Fixed assets | 21/28 | €9,269 | €1,640 | -€7,630 | -82.3% |
| Tangible fixed assets | 22/27 | €7,990 | €361 | -€7,630 | -95.5% |
| Plant, machinery and equipment | 23 | €7,990 | €361 | -€7,630 | -95.5% |
| Financial fixed assets | 28 | €1,279 | €1,279 | = | 0.0% |
| Current assets | 29/58 | €59,621 | €63,366 | +€3,745 | +6.3% |
| Amounts receivable within one year | 40/41 | €35,989 | €48,558 | +€12,570 | +34.9% |
| Trade receivables | 40 | €5,421 | €7,826 | +€2,405 | +44.4% |
| Other amounts receivable | 41 | €30,568 | €40,732 | +€10,164 | +33.3% |
| Cash at bank and in hand | 54/58 | €23,632 | €14,807 | -€8,825 | -37.3% |
| Total equity and liabilities | 10/49 | €68,890 | €65,005 | -€3,885 | -5.6% |
| Equity | 10/15 | €51,149 | €52,689 | +€1,539 | +3.0% |
| Contributions | 10/11 | €13,477 | €13,477 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,812 | €37,351 | +€1,539 | +4.3% |
| Amounts payable | 17/49 | €17,741 | €12,317 | -€5,424 | -30.6% |
| Amounts payable within one year | 42/48 | €17,741 | €12,317 | -€5,424 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,012 | +€5,012 | |
| Trade debts | 44 | €17,741 | €7,305 | -€10,436 | -58.8% |
| Suppliers | 440/4 | €17,741 | €7,305 | -€10,436 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,247 | €7,630 | +€5,382 | +239.5% |
| Other operating charges | 640/8 | €387 | €54 | -€333 | -86.1% |
| Non-recurring operating charges | 66A | - | €1,864 | +€1,864 | |
| Gross operating margin | 9900 | €3,736 | €9,997 | +€6,261 | +167.6% |
| Operating profit (loss) | 9901 | €1,101 | €449 | -€652 | -59.2% |
| Financial income | 75/76B | €1,897 | €2,513 | +€616 | +32.5% |
| Recurring financial income | 75 | €1,897 | €2,513 | +€616 | +32.5% |
| Non-recurring financial income | 76B | €1,897 | €2,513 | +€616 | +32.5% |
| Financial charges | 65/66B | €133 | €193 | +€60 | +45.1% |
| Recurring financial charges | 65 | €133 | €193 | +€60 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €2,866 | €2,770 | -€96 | -3.4% |
| Income taxes | 67/77 | €1,048 | €1,230 | +€182 | +17.4% |
| Profit (loss) for the period | 9904 | €1,818 | €1,539 | -€278 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,818 | €1,539 | -€278 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.