LUTEC: 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.
LUTEC
Largest movements
- Cash +€38,299
up €38,299 (+59.0%), from €64,906 to €103,205
mainly Receivables within one year (+€17,923) and Net result for the year (+€16,807)
- Receivables within one year -€17,923
down €17,923 (-63.3%), from €28,321 to €10,398
of which Trade receivables: -€21,165
- Tangible fixed assets -€7,398
down €7,398 (-21.5%), from €34,348 to €26,950
of which Furniture and vehicles: -€6,597
- Profit (loss) carried forward +€16,807
up €16,807 (+34.5%), from -€48,677 to -€31,870
- Tax, wage and social debts -€6,250
down €6,250 (-26.3%), from €23,803 to €17,553
of which Taxes: -€6,250
- Other debts +€1,674
up €1,674 (+126.5%), from €1,323 to €2,998
- Gross operating margin +€29,706
up €29,706, from -€1,342 to €28,364
- Other operating charges -€1,491
down €1,491 (-40.0%), from €3,725 to €2,234
- Depreciation +€1,299
up €1,299 (+18.2%), from €7,142 to €8,441
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 | €130,631 | €143,670 | +€13,040 | +10.0% |
| Fixed assets | 21/28 | €34,348 | €26,950 | -€7,398 | -21.5% |
| Tangible fixed assets | 22/27 | €34,348 | €26,950 | -€7,398 | -21.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €4,170 | €3,659 | -€511 | -12.2% |
| Furniture and vehicles | 24 | €24,606 | €18,009 | -€6,597 | -26.8% |
| Other tangible fixed assets | 26 | €5,572 | €5,282 | -€290 | -5.2% |
| Current assets | 29/58 | €96,283 | €116,720 | +€20,438 | +21.2% |
| Amounts receivable within one year | 40/41 | €28,321 | €10,398 | -€17,923 | -63.3% |
| Trade receivables | 40 | €21,165 | €0 | -€21,165 | -100.0% |
| Other amounts receivable | 41 | €7,156 | €10,398 | +€3,242 | +45.3% |
| Cash at bank and in hand | 54/58 | €64,906 | €103,205 | +€38,299 | +59.0% |
| Deferred charges and accrued income | 490/1 | €3,055 | €3,117 | +€62 | +2.0% |
| Total equity and liabilities | 10/49 | €130,631 | €143,670 | +€13,040 | +10.0% |
| Equity | 10/15 | €95,041 | €111,848 | +€16,807 | +17.7% |
| Contributions | 10/11 | €24,018 | €24,018 | = | 0.0% |
| Reserves | 13 | €119,700 | €119,700 | = | 0.0% |
| Distributable reserves | 133 | €119,700 | €119,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,677 | -€31,870 | +€16,807 | +34.5% |
| Amounts payable | 17/49 | €35,590 | €31,823 | -€3,767 | -10.6% |
| Amounts payable within one year | 42/48 | €35,590 | €31,823 | -€3,767 | -10.6% |
| Trade debts | 44 | €10,464 | €11,272 | +€808 | +7.7% |
| Suppliers | 440/4 | €10,464 | €11,272 | +€808 | +7.7% |
| Taxes, remuneration and social security | 45 | €23,803 | €17,553 | -€6,250 | -26.3% |
| Taxes | 450/3 | €21,203 | €14,953 | -€6,250 | -29.5% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,323 | €2,998 | +€1,674 | +126.5% |
| Non-recurring operating income | 76A | €0 | €0 | -€0 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,142 | €8,441 | +€1,299 | +18.2% |
| Other operating charges | 640/8 | €3,725 | €2,234 | -€1,491 | -40.0% |
| Non-recurring operating charges | 66A | €35,313 | €0 | -€35,313 | -100.0% |
| Gross operating margin | 9900 | -€1,342 | €28,364 | +€29,706 | |
| Operating profit (loss) | 9901 | -€47,522 | €17,690 | +€65,212 | |
| Financial income | 75/76B | €113 | €90 | -€22 | -19.7% |
| Recurring financial income | 75 | €113 | €90 | -€22 | -19.7% |
| Financial charges | 65/66B | €392 | €188 | -€204 | -52.1% |
| Recurring financial charges | 65 | €392 | €188 | -€204 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,801 | €17,592 | +€65,393 | |
| Income taxes | 67/77 | €876 | €785 | -€90 | -10.3% |
| Profit (loss) for the period | 9904 | -€48,677 | €16,807 | +€65,484 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,677 | €16,807 | +€65,484 |
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 2 October 2026 via checked.be.