LUKRI: 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.
LUKRI
Largest movements
- Stocks and contracts -€381,325
no longer reported in 2025 (was €381,325)
- Tangible fixed assets +€171,558
up €171,558 (+11.8%), from €1.5m to €1.6m
of which Land and buildings: +€118,670
- Receivables within one year -€77,214
down €77,214 (-70.9%), from €108,899 to €31,685
of which Trade receivables: -€77,210
- Cash +€64,707
up €64,707 (+160.9%), from €40,227 to €104,934
mainly Stocks and contracts (+€381,325) and Net result for the year (+€96,413)
- Short-term financial debts -€200,002
down €200,002 (-66.7%), from €300,003 to €100,001
- Debts after one year -€113,260
down €113,260 (-14.3%), from €789,502 to €676,242
- Other debts +€91,310
up €91,310 (+79.5%), from €114,834 to €206,144
- Trade debts -€37,373
down €37,373 (-93.3%), from €40,051 to €2,677
- Current portion of long-term debt +€34,485
up €34,485 (+29.4%), from €117,109 to €151,594
- Depreciation +€25,176
up €25,176 (+41.8%), from €60,194 to €85,371
- Gross operating margin +€20,007
up €20,007 (+8.2%), from €243,501 to €263,509
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 | €1,982,547 | €1,761,403 | -€221,144 | -11.2% |
| Fixed assets | 21/28 | €1,450,220 | €1,621,778 | +€171,558 | +11.8% |
| Tangible fixed assets | 22/27 | €1,450,180 | €1,621,738 | +€171,558 | +11.8% |
| Land and buildings | 22 | €1,442,159 | €1,560,829 | +€118,670 | +8.2% |
| Plant, machinery and equipment | 23 | €7,198 | €7,399 | +€201 | +2.8% |
| Furniture and vehicles | 24 | €824 | €53,511 | +€52,687 | +6397.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €532,327 | €139,625 | -€392,702 | -73.8% |
| Stocks and contracts in progress | 3 | €381,325 | - | -€381,325 | |
| Stocks | 30/36 | €381,325 | - | -€381,325 | |
| Amounts receivable within one year | 40/41 | €108,899 | €31,685 | -€77,214 | -70.9% |
| Trade receivables | 40 | €108,895 | €31,685 | -€77,210 | -70.9% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €40,227 | €104,934 | +€64,707 | +160.9% |
| Deferred charges and accrued income | 490/1 | €1,876 | €3,006 | +€1,130 | +60.2% |
| Total equity and liabilities | 10/49 | €1,982,547 | €1,761,403 | -€221,144 | -11.2% |
| Equity | 10/15 | €521,487 | €523,454 | +€1,967 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €509,087 | €511,054 | +€1,967 | +0.4% |
| Distributable reserves | 133 | €509,087 | €511,054 | +€1,967 | +0.4% |
| Amounts payable | 17/49 | €1,461,060 | €1,237,949 | -€223,110 | -15.3% |
| Amounts payable after more than one year | 17 | €789,502 | €676,242 | -€113,260 | -14.3% |
| Financial debts | 170/4 | €789,502 | €676,242 | -€113,260 | -14.3% |
| Amounts payable within one year | 42/48 | €597,579 | €490,887 | -€106,692 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €117,109 | €151,594 | +€34,485 | +29.4% |
| Financial debts | 43 | €300,003 | €100,001 | -€200,002 | -66.7% |
| Credit institutions | 430/8 | €300,003 | €100,001 | -€200,002 | -66.7% |
| Trade debts | 44 | €40,051 | €2,677 | -€37,373 | -93.3% |
| Suppliers | 440/4 | €40,051 | €2,677 | -€37,373 | -93.3% |
| Taxes, remuneration and social security | 45 | €25,582 | €30,470 | +€4,888 | +19.1% |
| Taxes | 450/3 | €25,582 | €30,470 | +€4,888 | +19.1% |
| Other amounts payable | 47/48 | €114,834 | €206,144 | +€91,310 | +79.5% |
| Accrued charges and deferred income | 492/3 | €73,979 | €70,821 | -€3,158 | -4.3% |
| Non-recurring operating income | 76A | - | €19,647 | +€19,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,194 | €85,371 | +€25,176 | +41.8% |
| Other operating charges | 640/8 | €6,253 | €7,218 | +€965 | +15.4% |
| Gross operating margin | 9900 | €243,501 | €263,509 | +€20,007 | +8.2% |
| Operating profit (loss) | 9901 | €177,054 | €170,920 | -€6,134 | -3.5% |
| Financial income | 75/76B | €622 | €147 | -€475 | -76.4% |
| Recurring financial income | 75 | €622 | €147 | -€475 | -76.4% |
| Financial charges | 65/66B | €36,585 | €35,367 | -€1,219 | -3.3% |
| Recurring financial charges | 65 | €36,585 | €35,367 | -€1,219 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €141,091 | €135,700 | -€5,391 | -3.8% |
| Income taxes | 67/77 | €40,464 | €39,287 | -€1,177 | -2.9% |
| Profit (loss) for the period | 9904 | €100,627 | €96,413 | -€4,214 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,627 | €96,413 | -€4,214 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.