LUT: 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.
LUT
Largest movements
- Cash +€24,006
up €24,006 (+51.8%), from €46,329 to €70,335
mainly Net result for the year (+€20,401) and Tax, wage and social debts (+€7,319)
- Receivables within one year +€4,550
up €4,550 (+4.6%), from €98,734 to €103,284
- Tangible fixed assets -€2,382
down €2,382 (-3.7%), from €64,519 to €62,137
- Profit (loss) carried forward +€20,401
up €20,401 (+20.9%), from €97,707 to €118,107
- Tax, wage and social debts +€7,319
new in 2025: €7,319
- Gross operating margin +€6,897
up €6,897 (+32.1%), from €21,462 to €28,359
- Taxes +€599
up €599 (+8.8%), from €6,828 to €7,426
- Financial charges -€407
down €407 (-84.9%), from €480 to €73
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 | €209,582 | €237,302 | +€27,720 | +13.2% |
| Fixed assets | 21/28 | €64,519 | €62,137 | -€2,382 | -3.7% |
| Tangible fixed assets | 22/27 | €64,519 | €62,137 | -€2,382 | -3.7% |
| Land and buildings | 22 | €64,519 | €62,137 | -€2,382 | -3.7% |
| Current assets | 29/58 | €145,063 | €175,164 | +€30,101 | +20.8% |
| Amounts receivable within one year | 40/41 | €98,734 | €103,284 | +€4,550 | +4.6% |
| Other amounts receivable | 41 | €98,734 | €103,284 | +€4,550 | +4.6% |
| Cash at bank and in hand | 54/58 | €46,329 | €70,335 | +€24,006 | +51.8% |
| Deferred charges and accrued income | 490/1 | - | €1,545 | +€1,545 | |
| Total equity and liabilities | 10/49 | €209,582 | €237,302 | +€27,720 | +13.2% |
| Equity | 10/15 | €209,582 | €229,983 | +€20,401 | +9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €49,875 | €49,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €43,675 | €43,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,707 | €118,107 | +€20,401 | +20.9% |
| Amounts payable | 17/49 | - | €7,319 | +€7,319 | |
| Amounts payable within one year | 42/48 | - | €7,319 | +€7,319 | |
| Taxes, remuneration and social security | 45 | - | €7,319 | +€7,319 | |
| Taxes | 450/3 | - | €7,319 | +€7,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €2,382 | = | 0.0% |
| Other operating charges | 640/8 | €3,786 | €3,903 | +€117 | +3.1% |
| Gross operating margin | 9900 | €21,462 | €28,359 | +€6,897 | +32.1% |
| Operating profit (loss) | 9901 | €15,295 | €22,074 | +€6,779 | +44.3% |
| Financial income | 75/76B | €5,888 | €5,825 | -€63 | -1.1% |
| Recurring financial income | 75 | €5,888 | €5,825 | -€63 | -1.1% |
| Financial charges | 65/66B | €480 | €73 | -€407 | -84.9% |
| Recurring financial charges | 65 | €480 | €73 | -€407 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €20,703 | €27,827 | +€7,123 | +34.4% |
| Income taxes | 67/77 | €6,828 | €7,426 | +€599 | +8.8% |
| Profit (loss) for the period | 9904 | €13,876 | €20,401 | +€6,525 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,876 | €20,401 | +€6,525 | +47.0% |
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 10 October 2026 via checked.be.