LUTECH: 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.
LUTECH
Largest movements
- Cash -€47,643
down €47,643 (-44.8%), from €106,360 to €58,717
mainly Investment in fixed assets (net) (-€47,359) and Receivables within one year (-€21,872)
- Tangible fixed assets +€39,144
up €39,144 (+259%), from €15,097 to €54,242
of which Furniture and vehicles: +€38,547
- Receivables within one year +€21,872
up €21,872 (+240%), from €9,130 to €31,002
of which Trade receivables: +€28,867
- Intangible fixed assets -€15,231
down €15,231 (-54.6%), from €27,907 to €12,676
- Deferred charges and accrued income -€4,685
down €4,685 (-72.0%), from €6,504 to €1,819
- Other debts -€7,859
down €7,859 (-46.4%), from €16,940 to €9,081
- Reserves +€4,500
up €4,500 (+6.7%), from €67,243 to €71,743
of which Distributable reserves: +€6,360
- Tax, wage and social debts -€2,766
down €2,766 (-20.0%), from €13,838 to €11,072
of which Remuneration and social security: -€4,925
- Gross operating margin -€33,441
down €33,441 (-44.0%), from €75,997 to €42,556
- Taxes -€1,887
down €1,887 (-15.0%), from €12,542 to €10,655
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 | €171,171 | €163,200 | -€7,972 | -4.7% |
| Fixed assets | 21/28 | €43,299 | €67,212 | +€23,913 | +55.2% |
| Intangible fixed assets | 21 | €27,907 | €12,676 | -€15,231 | -54.6% |
| Tangible fixed assets | 22/27 | €15,097 | €54,242 | +€39,144 | +259% |
| Plant, machinery and equipment | 23 | €2,303 | €2,901 | +€598 | +26.0% |
| Furniture and vehicles | 24 | €12,794 | €51,341 | +€38,547 | +301% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €127,872 | €95,987 | -€31,885 | -24.9% |
| Stocks and contracts in progress | 3 | €5,878 | €4,450 | -€1,428 | -24.3% |
| Stocks | 30/36 | €5,878 | €4,450 | -€1,428 | -24.3% |
| Amounts receivable within one year | 40/41 | €9,130 | €31,002 | +€21,872 | +240% |
| Trade receivables | 40 | €1,672 | €30,539 | +€28,867 | +1,727% |
| Other amounts receivable | 41 | €7,458 | €463 | -€6,995 | -93.8% |
| Cash at bank and in hand | 54/58 | €106,360 | €58,717 | -€47,643 | -44.8% |
| Deferred charges and accrued income | 490/1 | €6,504 | €1,819 | -€4,685 | -72.0% |
| Total equity and liabilities | 10/49 | €171,171 | €163,200 | -€7,972 | -4.7% |
| Equity | 10/15 | €138,591 | €142,347 | +€3,756 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,243 | €71,743 | +€4,500 | +6.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €65,383 | €71,743 | +€6,360 | +9.7% |
| Profit (loss) carried forward | 14 | €52,747 | €52,004 | -€744 | -1.4% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €32,581 | €20,853 | -€11,728 | -36.0% |
| Amounts payable within one year | 42/48 | €32,581 | €20,371 | -€12,209 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,802 | €218 | -€1,584 | -87.9% |
| Suppliers | 440/4 | €1,802 | €218 | -€1,584 | -87.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,838 | €11,072 | -€2,766 | -20.0% |
| Taxes | 450/3 | €8,913 | €11,072 | +€2,159 | +24.2% |
| Remuneration and social security | 454/9 | €4,925 | €0 | -€4,925 | -100% |
| Other amounts payable | 47/48 | €16,940 | €9,081 | -€7,859 | -46.4% |
| Accrued charges and deferred income | 492/3 | - | €482 | +€482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,560 | €23,446 | -€114 | -0.5% |
| Other operating charges | 640/8 | €1,264 | €1,155 | -€109 | -8.6% |
| Non-recurring operating charges | 66A | - | €2,438 | +€2,438 | |
| Gross operating margin | 9900 | €75,997 | €42,556 | -€33,441 | -44.0% |
| Operating profit (loss) | 9901 | €51,173 | €15,517 | -€35,656 | -69.7% |
| Financial income | 75/76B | €33 | €4 | -€29 | -88.3% |
| Recurring financial income | 75 | €33 | €4 | -€29 | -88.3% |
| Financial charges | 65/66B | €415 | €263 | -€152 | -36.6% |
| Recurring financial charges | 65 | €415 | €263 | -€152 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €50,791 | €15,258 | -€35,533 | -70.0% |
| Income taxes | 67/77 | €12,542 | €10,655 | -€1,887 | -15.0% |
| Profit (loss) for the period | 9904 | €38,249 | €4,603 | -€33,646 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,249 | €4,603 | -€33,646 | -88.0% |
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 30 October 2026 via checked.be.