Lutea: 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.
Lutea
Largest movements
- Cash +€60,037
up €60,037 (+160.8%), from €37,341 to €97,378
mainly Net result for the year (+€172,273) and Other debts (+€78,412)
- Tangible fixed assets -€15,834
down €15,834 (-6.5%), from €242,465 to €226,631
of which Furniture and vehicles: -€17,295
- Other debts +€78,412
up €78,412 (+55.9%), from €140,229 to €218,641
- Tax, wage and social debts -€29,666
down €29,666 (-60.5%), from €49,074 to €19,408
of which Taxes: -€31,666
- Debts after one year -€10,849
down €10,849 (-9.6%), from €112,667 to €101,817
- Current portion of long-term debt +€7,229
up €7,229 (+24.2%), from €29,810 to €37,039
- Gross operating margin +€94,126
up €94,126 (+47.9%), from €196,450 to €290,576
- Taxes +€20,875
up €20,875 (+62.3%), from €33,532 to €54,408
- Depreciation +€19,404
up €19,404 (+54.2%), from €35,797 to €55,202
- Financial charges +€3,720
up €3,720 (+106.9%), from €3,478 to €7,198
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 | €342,829 | €386,512 | +€43,683 | +12.7% |
| Fixed assets | 21/28 | €242,465 | €226,631 | -€15,834 | -6.5% |
| Tangible fixed assets | 22/27 | €242,465 | €226,631 | -€15,834 | -6.5% |
| Plant, machinery and equipment | 23 | €78,726 | €73,432 | -€5,295 | -6.7% |
| Furniture and vehicles | 24 | €163,738 | €146,444 | -€17,295 | -10.6% |
| Other tangible fixed assets | 26 | - | €6,756 | +€6,756 | |
| Current assets | 29/58 | €100,365 | €159,882 | +€59,517 | +59.3% |
| Cash at bank and in hand | 54/58 | €37,341 | €97,378 | +€60,037 | +160.8% |
| Deferred charges and accrued income | 490/1 | €63,023 | €62,503 | -€520 | -0.8% |
| Total equity and liabilities | 10/49 | €342,829 | €386,512 | +€43,683 | +12.7% |
| Equity | 10/15 | €8,048 | €8,048 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,048 | €5,048 | = | 0.0% |
| Distributable reserves | 133 | €5,048 | €5,048 | = | 0.0% |
| Amounts payable | 17/49 | €334,781 | €378,464 | +€43,683 | +13.0% |
| Amounts payable after more than one year | 17 | €112,667 | €101,817 | -€10,849 | -9.6% |
| Financial debts | 170/4 | €112,667 | €101,817 | -€10,849 | -9.6% |
| Amounts payable within one year | 42/48 | €222,114 | €276,647 | +€54,532 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €29,810 | €37,039 | +€7,229 | +24.2% |
| Trade debts | 44 | €3,001 | €1,559 | -€1,442 | -48.1% |
| Suppliers | 440/4 | €3,001 | €1,559 | -€1,442 | -48.1% |
| Taxes, remuneration and social security | 45 | €49,074 | €19,408 | -€29,666 | -60.5% |
| Taxes | 450/3 | €49,074 | €17,408 | -€31,666 | -64.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €140,229 | €218,641 | +€78,412 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,797 | €55,202 | +€19,404 | +54.2% |
| Other operating charges | 640/8 | €1,545 | €1,496 | -€49 | -3.2% |
| Gross operating margin | 9900 | €196,450 | €290,576 | +€94,126 | +47.9% |
| Operating profit (loss) | 9901 | €159,108 | €233,878 | +€74,771 | +47.0% |
| Financial charges | 65/66B | €3,478 | €7,198 | +€3,720 | +106.9% |
| Recurring financial charges | 65 | €3,478 | €7,198 | +€3,720 | +106.9% |
| Profit (loss) for the period before taxes | 9903 | €155,629 | €226,680 | +€71,051 | +45.7% |
| Income taxes | 67/77 | €33,532 | €54,408 | +€20,875 | +62.3% |
| Profit (loss) for the period | 9904 | €122,097 | €172,273 | +€50,176 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,097 | €172,273 | +€50,176 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.