LUKTOR: 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.
LUKTOR
Largest movements
- Current investments +€239,337
up €239,337 (+135%), from €177,163 to €416,500
- Cash -€163,329
down €163,329 (-56.7%), from €288,168 to €124,838
mainly Current investments (-€239,337) and Contributions, distributions and other (-€25,000)
- Financial fixed assets -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Tangible fixed assets -€12,155
down €12,155 (-39.0%), from €31,130 to €18,975
of which Leasing and similar rights: -€27,852
- Reserves +€55,546
up €55,546 (+10.1%), from €552,593 to €608,139
- Current portion of long-term debt -€14,261
down €14,261 (-100%), from €14,261 to €0
- Tax, wage and social debts +€13,554
up €13,554 (+72.3%), from €18,756 to €32,310
of which Taxes: +€10,554
- Financial income +€12,837
up €12,837 (+289%), from €4,443 to €17,280
- Gross operating margin -€5,482
down €5,482 (-4.2%), from €131,579 to €126,097
- Depreciation -€2,049
down €2,049 (-14.4%), from €14,204 to €12,155
- Financial charges +€1,702
up €1,702 (+8,848%), from €19 to €1,722
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.
Derived cash bridge
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 | €603,250 | €652,352 | +€49,103 | +8.1% |
| Fixed assets | 21/28 | €76,130 | €48,975 | -€27,155 | -35.7% |
| Tangible fixed assets | 22/27 | €31,130 | €18,975 | -€12,155 | -39.0% |
| Land and buildings | 22 | €296 | €253 | -€42 | -14.3% |
| Plant, machinery and equipment | 23 | €1,483 | €138 | -€1,345 | -90.7% |
| Furniture and vehicles | 24 | €1,499 | €18,583 | +€17,084 | +1,139% |
| Leasing and similar rights | 25 | €27,852 | €0 | -€27,852 | -100% |
| Financial fixed assets | 28 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Current assets | 29/58 | €527,119 | €603,377 | +€76,258 | +14.5% |
| Amounts receivable within one year | 40/41 | €50,691 | €50,586 | -€105 | -0.2% |
| Trade receivables | 40 | €25,916 | €24,487 | -€1,429 | -5.5% |
| Other amounts receivable | 41 | €24,775 | €26,099 | +€1,324 | +5.3% |
| Current investments | 50/53 | €177,163 | €416,500 | +€239,337 | +135% |
| Cash at bank and in hand | 54/58 | €288,168 | €124,838 | -€163,329 | -56.7% |
| Deferred charges and accrued income | 490/1 | €11,098 | €11,453 | +€355 | +3.2% |
| Total equity and liabilities | 10/49 | €603,250 | €652,352 | +€49,103 | +8.1% |
| Equity | 10/15 | €558,793 | €614,339 | +€55,546 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €552,593 | €608,139 | +€55,546 | +10.1% |
| Distributable reserves | 133 | €552,593 | €608,139 | +€55,546 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,456 | €38,014 | -€6,443 | -14.5% |
| Amounts payable after more than one year | 17 | €1,862 | €0 | -€1,862 | -100% |
| Financial debts | 170/4 | €1,862 | €0 | -€1,862 | -100% |
| Amounts payable within one year | 42/48 | €42,244 | €37,595 | -€4,649 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €14,261 | €0 | -€14,261 | -100% |
| Trade debts | 44 | €6,507 | €5,284 | -€1,223 | -18.8% |
| Suppliers | 440/4 | €6,507 | €5,284 | -€1,223 | -18.8% |
| Taxes, remuneration and social security | 45 | €18,756 | €32,310 | +€13,554 | +72.3% |
| Taxes | 450/3 | €18,756 | €29,310 | +€10,554 | +56.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €2,720 | €0 | -€2,720 | -100% |
| Accrued charges and deferred income | 492/3 | €351 | €419 | +€68 | +19.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,204 | €12,155 | -€2,049 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | €15,000 | = | 0.0% |
| Other operating charges | 640/8 | €800 | €916 | +€116 | +14.4% |
| Gross operating margin | 9900 | €131,579 | €126,097 | -€5,482 | -4.2% |
| Operating profit (loss) | 9901 | €101,575 | €98,026 | -€3,549 | -3.5% |
| Financial income | 75/76B | €4,443 | €17,280 | +€12,837 | +289% |
| Recurring financial income | 75 | €4,443 | €17,280 | +€12,837 | +289% |
| Financial charges | 65/66B | €19 | €1,722 | +€1,702 | +8,848% |
| Recurring financial charges | 65 | €19 | €1,722 | +€1,702 | +8,848% |
| Profit (loss) for the period before taxes | 9903 | €105,999 | €113,584 | +€7,585 | +7.2% |
| Income taxes | 67/77 | €32,820 | €33,038 | +€219 | +0.7% |
| Profit (loss) for the period | 9904 | €73,179 | €80,546 | +€7,367 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,179 | €80,546 | +€7,367 | +10.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.