LUKO: 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.
LUKO
Largest movements
- Tangible fixed assets +€20,090
up €20,090 (+64.0%), from €31,394 to €51,485
- Cash -€3,312
down €3,312 (-4.1%), from €80,073 to €76,761
mainly Contributions, distributions and other (-€35,000) and Investment in fixed assets (net) (-€33,363)
- Trade debts +€20,076
up €20,076 (+160.4%), from €12,513 to €32,589
- Other debts +€15,000
up €15,000 (+75.0%), from €20,000 to €35,000
- Reserves -€10,565
down €10,565 (-87.5%), from €12,074 to €1,509
of which Distributable reserves: -€10,565
- Debts after one year -€8,592
down €8,592 (-36.4%), from €23,619 to €15,026
- Gross operating margin +€28,699
up €28,699 (+26.6%), from €107,857 to €136,555
- Staff costs +€13,736
up €13,736 (+20.3%), from €67,681 to €81,417
- Depreciation +€4,533
up €4,533 (+51.9%), from €8,739 to €13,272
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.
Cash bridge derived
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 | €112,864 | €129,456 | +€16,592 | +14.7% |
| Fixed assets | 21/28 | €31,394 | €51,485 | +€20,090 | +64.0% |
| Tangible fixed assets | 22/27 | €31,394 | €51,485 | +€20,090 | +64.0% |
| Furniture and vehicles | 24 | €31,394 | €51,485 | +€20,090 | +64.0% |
| Current assets | 29/58 | €81,470 | €77,971 | -€3,499 | -4.3% |
| Stocks and contracts in progress | 3 | €1,140 | €1,210 | +€70 | +6.1% |
| Stocks | 30/36 | €1,140 | €1,210 | +€70 | +6.1% |
| Amounts receivable within one year | 40/41 | €257 | €0 | -€257 | -100.0% |
| Trade receivables | 40 | €236 | €0 | -€236 | -100.0% |
| Other amounts receivable | 41 | €21 | €0 | -€21 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,073 | €76,761 | -€3,312 | -4.1% |
| Total equity and liabilities | 10/49 | €112,864 | €129,456 | +€16,592 | +14.7% |
| Equity | 10/15 | €32,074 | €21,509 | -€10,565 | -32.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,074 | €1,509 | -€10,565 | -87.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,074 | €1,509 | -€10,565 | -87.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,790 | €107,947 | +€27,157 | +33.6% |
| Amounts payable after more than one year | 17 | €23,619 | €15,026 | -€8,592 | -36.4% |
| Financial debts | 170/4 | €23,619 | €15,026 | -€8,592 | -36.4% |
| Amounts payable within one year | 42/48 | €57,171 | €92,921 | +€35,749 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €8,285 | €8,592 | +€307 | +3.7% |
| Trade debts | 44 | €12,513 | €32,589 | +€20,076 | +160.4% |
| Suppliers | 440/4 | €12,513 | €32,589 | +€20,076 | +160.4% |
| Taxes, remuneration and social security | 45 | €16,373 | €16,739 | +€366 | +2.2% |
| Taxes | 450/3 | €5,024 | €5,740 | +€716 | +14.2% |
| Remuneration and social security | 454/9 | €11,349 | €11,000 | -€350 | -3.1% |
| Other amounts payable | 47/48 | €20,000 | €35,000 | +€15,000 | +75.0% |
| Remuneration, social security and pensions | 62 | €67,681 | €81,417 | +€13,736 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,739 | €13,272 | +€4,533 | +51.9% |
| Other operating charges | 640/8 | €1,132 | €955 | -€176 | -15.6% |
| Non-recurring operating charges | 66A | - | €6,648 | +€6,648 | |
| Gross operating margin | 9900 | €107,857 | €136,555 | +€28,699 | +26.6% |
| Operating profit (loss) | 9901 | €30,305 | €34,263 | +€3,958 | +13.1% |
| Financial charges | 65/66B | €2,292 | €1,400 | -€893 | -38.9% |
| Recurring financial charges | 65 | €2,292 | €1,400 | -€893 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €28,013 | €32,864 | +€4,851 | +17.3% |
| Income taxes | 67/77 | €7,169 | €8,429 | +€1,260 | +17.6% |
| Profit (loss) for the period | 9904 | €20,844 | €24,435 | +€3,591 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,844 | €24,435 | +€3,591 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.