LUTASIN: 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.
LUTASIN
Largest movements
- Receivables within one year +€73,898
up €73,898 (+30.6%), from €241,343 to €315,241
of which Other amounts receivable: +€42,686
- Tangible fixed assets +€25,170
up €25,170 (+182%), from €13,795 to €38,965
of which Furniture and vehicles: +€25,549
- Cash -€8,049
down €8,049 (-34.5%), from €23,329 to €15,280
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€73,898)
- Other debts +€85,000
new in 2025: €85,000
- Profit (loss) carried forward -€59,791
down €59,791 (-29.1%), from €205,736 to €145,945
- Tax, wage and social debts +€35,019
up €35,019 (+58.3%), from €60,074 to €95,093
- Debts after one year +€21,824
new in 2025: €21,824
- Current portion of long-term debt +€4,606
new in 2025: €4,606
- Gross operating margin +€75,923
up €75,923 (+58.4%), from €129,975 to €205,898
- Taxes +€18,465
up €18,465 (+60.1%), from €30,725 to €49,190
- Depreciation +€4,055
up €4,055 (+87.5%), from €4,635 to €8,690
- Other operating charges +€2,626
up €2,626 (+553%), from €475 to €3,101
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 | €290,345 | €378,030 | +€87,685 | +30.2% |
| Fixed assets | 21/28 | €25,673 | €47,509 | +€21,836 | +85.1% |
| Intangible fixed assets | 21 | €5,278 | €1,944 | -€3,334 | -63.2% |
| Tangible fixed assets | 22/27 | €13,795 | €38,965 | +€25,170 | +182% |
| Furniture and vehicles | 24 | €11,596 | €37,145 | +€25,549 | +220% |
| Other tangible fixed assets | 26 | €2,199 | €1,820 | -€379 | -17.2% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €264,672 | €330,521 | +€65,849 | +24.9% |
| Amounts receivable within one year | 40/41 | €241,343 | €315,241 | +€73,898 | +30.6% |
| Trade receivables | 40 | €19,360 | €50,572 | +€31,212 | +161% |
| Other amounts receivable | 41 | €221,983 | €264,669 | +€42,686 | +19.2% |
| Cash at bank and in hand | 54/58 | €23,329 | €15,280 | -€8,049 | -34.5% |
| Total equity and liabilities | 10/49 | €290,345 | €378,030 | +€87,685 | +30.2% |
| Equity | 10/15 | €226,196 | €166,405 | -€59,791 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,736 | €145,945 | -€59,791 | -29.1% |
| Amounts payable | 17/49 | €64,149 | €211,625 | +€147,476 | +230% |
| Amounts payable after more than one year | 17 | - | €21,824 | +€21,824 | |
| Financial debts | 170/4 | - | €21,824 | +€21,824 | |
| Amounts payable within one year | 42/48 | €64,149 | €189,801 | +€125,652 | +196% |
| Current portion of amounts payable after more than one year | 42 | - | €4,606 | +€4,606 | |
| Trade debts | 44 | €4,075 | €5,102 | +€1,027 | +25.2% |
| Suppliers | 440/4 | €4,075 | €5,102 | +€1,027 | +25.2% |
| Taxes, remuneration and social security | 45 | €60,074 | €95,093 | +€35,019 | +58.3% |
| Taxes | 450/3 | €60,074 | €95,093 | +€35,019 | +58.3% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Non-recurring operating income | 76A | €17,240 | €29,368 | +€12,128 | +70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,635 | €8,690 | +€4,055 | +87.5% |
| Other operating charges | 640/8 | €475 | €3,101 | +€2,626 | +553% |
| Gross operating margin | 9900 | €129,975 | €205,898 | +€75,923 | +58.4% |
| Operating profit (loss) | 9901 | €124,865 | €194,107 | +€69,242 | +55.5% |
| Financial charges | 65/66B | €5,857 | €4,708 | -€1,149 | -19.6% |
| Recurring financial charges | 65 | €5,857 | €4,708 | -€1,149 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €119,008 | €189,399 | +€70,391 | +59.1% |
| Income taxes | 67/77 | €30,725 | €49,190 | +€18,465 | +60.1% |
| Profit (loss) for the period | 9904 | €88,283 | €140,209 | +€51,926 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,283 | €140,209 | +€51,926 | +58.8% |
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 26 October 2026 via checked.be.