LULOTRANS: 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.
LULOTRANS
Largest movements
- Receivables within one year -€40,599
down €40,599 (-56.8%), from €71,501 to €30,903
of which Other amounts receivable: -€41,115
- Tangible fixed assets -€32,706
down €32,706 (-22.0%), from €148,504 to €115,798
of which Leasing and similar rights: -€31,648
- Cash +€30,592
up €30,592 (+40.8%), from €74,990 to €105,582
mainly Receivables within one year (+€40,599) and Net result for the year (+€35,358)
- Debts after one year -€29,777
down €29,777 (-25.7%), from €115,798 to €86,021
- Other debts -€21,634
down €21,634 (-54.0%), from €40,059 to €18,424
- Reserves +€9,000
up €9,000 (+484%), from €1,859 to €10,859
- Trade debts -€3,542
down €3,542 (-27.1%), from €13,083 to €9,542
- Depreciation +€17,679
up €17,679 (+118%), from €15,027 to €32,706
- Gross operating margin +€15,821
up €15,821 (+11.0%), from €143,963 to €159,784
- Financial income -€6,757
no longer reported in 2025 (was €6,757)
of which Non-recurring financial income: -€6,750
- Financial charges +€2,156
up €2,156 (+76.3%), from €2,826 to €4,982
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 | €308,453 | €263,857 | -€44,595 | -14.5% |
| Fixed assets | 21/28 | €157,504 | €124,798 | -€32,706 | -20.8% |
| Tangible fixed assets | 22/27 | €148,504 | €115,798 | -€32,706 | -22.0% |
| Land and buildings | 22 | €4,968 | €3,910 | -€1,058 | -21.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €143,536 | €111,888 | -€31,648 | -22.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €150,949 | €139,060 | -€11,889 | -7.9% |
| Amounts receivable within one year | 40/41 | €71,501 | €30,903 | -€40,599 | -56.8% |
| Trade receivables | 40 | €30,297 | €30,813 | +€517 | +1.7% |
| Other amounts receivable | 41 | €41,205 | €89 | -€41,115 | -99.8% |
| Cash at bank and in hand | 54/58 | €74,990 | €105,582 | +€30,592 | +40.8% |
| Deferred charges and accrued income | 490/1 | €4,458 | €2,575 | -€1,883 | -42.2% |
| Total equity and liabilities | 10/49 | €308,453 | €263,857 | -€44,595 | -14.5% |
| Equity | 10/15 | €64,432 | €73,790 | +€9,358 | +14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €10,859 | +€9,000 | +484% |
| Distributable reserves | 133 | €1,859 | €10,859 | +€9,000 | +484% |
| Profit (loss) carried forward | 14 | €43,981 | €44,339 | +€358 | +0.8% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €239,020 | €185,068 | -€53,953 | -22.6% |
| Amounts payable after more than one year | 17 | €115,798 | €86,021 | -€29,777 | -25.7% |
| Financial debts | 170/4 | €115,798 | €86,021 | -€29,777 | -25.7% |
| Amounts payable within one year | 42/48 | €122,376 | €99,046 | -€23,330 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €28,698 | €29,777 | +€1,079 | +3.8% |
| Trade debts | 44 | €13,083 | €9,542 | -€3,542 | -27.1% |
| Suppliers | 440/4 | €13,083 | €9,542 | -€3,542 | -27.1% |
| Taxes, remuneration and social security | 45 | €40,536 | €41,303 | +€767 | +1.9% |
| Taxes | 450/3 | €34,106 | €34,350 | +€245 | +0.7% |
| Remuneration and social security | 454/9 | €6,431 | €6,953 | +€522 | +8.1% |
| Other amounts payable | 47/48 | €40,059 | €18,424 | -€21,634 | -54.0% |
| Accrued charges and deferred income | 492/3 | €846 | €0 | -€846 | -100.0% |
| Remuneration, social security and pensions | 62 | €68,771 | €70,321 | +€1,550 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,027 | €32,706 | +€17,679 | +118% |
| Other operating charges | 640/8 | €583 | €1,440 | +€857 | +147% |
| Gross operating margin | 9900 | €143,963 | €159,784 | +€15,821 | +11.0% |
| Operating profit (loss) | 9901 | €59,582 | €55,317 | -€4,265 | -7.2% |
| Financial income | 75/76B | €6,757 | - | -€6,757 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Non-recurring financial income | 76B | €6,750 | - | -€6,750 | |
| Financial charges | 65/66B | €2,826 | €4,982 | +€2,156 | +76.3% |
| Recurring financial charges | 65 | €2,826 | €4,982 | +€2,156 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €63,513 | €50,335 | -€13,177 | -20.7% |
| Income taxes | 67/77 | €14,485 | €14,978 | +€492 | +3.4% |
| Profit (loss) for the period | 9904 | €49,027 | €35,358 | -€13,670 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,027 | €35,358 | -€13,670 | -27.9% |
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 15 October 2026 via checked.be.