LUTECO: 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.
LUTECO
Largest movements
- Cash +€20,413
up €20,413 (+80.5%), from €25,360 to €45,773
mainly Receivables within one year (+€13,847) and Depreciation (+€8,333)
- Receivables within one year -€13,847
down €13,847 (-36.7%), from €37,685 to €23,838
of which Other amounts receivable: -€9,215
- Tangible fixed assets -€7,673
down €7,673 (-9.0%), from €84,868 to €77,195
of which Land and buildings: -€4,915
- Debts after one year -€10,594
down €10,594 (-19.1%), from €55,491 to €44,897
- Reserves +€7,445
up €7,445 (+13.7%), from €54,264 to €61,709
- Tax, wage and social debts +€6,194
up €6,194 (+102.4%), from €6,049 to €12,243
- Trade debts -€4,037
down €4,037 (-33.5%), from €12,041 to €8,004
- Gross operating margin -€3,151
down €3,151 (-10.4%), from €30,175 to €27,024
- Financial charges -€1,931
down €1,931 (-47.1%), from €4,100 to €2,169
- Other operating charges +€1,664
up €1,664 (+83.2%), from €1,999 to €3,663
- Taxes -€602
down €602 (-9.9%), from €6,049 to €5,447
- Depreciation +€467
up €467 (+5.9%), from €7,866 to €8,333
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 | €152,912 | €152,447 | -€466 | -0.3% |
| Fixed assets | 21/28 | €85,368 | €77,695 | -€7,673 | -9.0% |
| Tangible fixed assets | 22/27 | €84,868 | €77,195 | -€7,673 | -9.0% |
| Land and buildings | 22 | €78,566 | €73,651 | -€4,915 | -6.3% |
| Plant, machinery and equipment | 23 | €1,075 | €1,398 | +€323 | +30.1% |
| Furniture and vehicles | 24 | €5,228 | €2,147 | -€3,081 | -58.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,544 | €74,751 | +€7,207 | +10.7% |
| Stocks and contracts in progress | 3 | €4,499 | €5,140 | +€641 | +14.2% |
| Stocks | 30/36 | €4,499 | €5,140 | +€641 | +14.2% |
| Amounts receivable within one year | 40/41 | €37,685 | €23,838 | -€13,847 | -36.7% |
| Trade receivables | 40 | €4,632 | - | -€4,632 | |
| Other amounts receivable | 41 | €33,053 | €23,838 | -€9,215 | -27.9% |
| Cash at bank and in hand | 54/58 | €25,360 | €45,773 | +€20,413 | +80.5% |
| Total equity and liabilities | 10/49 | €152,912 | €152,447 | -€466 | -0.3% |
| Equity | 10/15 | €69,264 | €76,709 | +€7,445 | +10.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €54,264 | €61,709 | +€7,445 | +13.7% |
| Distributable reserves | 133 | €54,264 | €61,709 | +€7,445 | +13.7% |
| Amounts payable | 17/49 | €83,649 | €75,737 | -€7,911 | -9.5% |
| Amounts payable after more than one year | 17 | €55,491 | €44,897 | -€10,594 | -19.1% |
| Financial debts | 170/4 | €55,491 | €44,897 | -€10,594 | -19.1% |
| Amounts payable within one year | 42/48 | €28,158 | €30,840 | +€2,683 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €10,068 | €10,594 | +€526 | +5.2% |
| Trade debts | 44 | €12,041 | €8,004 | -€4,037 | -33.5% |
| Suppliers | 440/4 | €12,041 | €8,004 | -€4,037 | -33.5% |
| Taxes, remuneration and social security | 45 | €6,049 | €12,243 | +€6,194 | +102.4% |
| Taxes | 450/3 | €6,049 | €12,243 | +€6,194 | +102.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,866 | €8,333 | +€467 | +5.9% |
| Other operating charges | 640/8 | €1,999 | €3,663 | +€1,664 | +83.2% |
| Gross operating margin | 9900 | €30,175 | €27,024 | -€3,151 | -10.4% |
| Operating profit (loss) | 9901 | €20,310 | €15,028 | -€5,282 | -26.0% |
| Financial income | 75/76B | €20 | €34 | +€14 | +68.7% |
| Recurring financial income | 75 | €20 | €34 | +€14 | +68.7% |
| Financial charges | 65/66B | €4,100 | €2,169 | -€1,931 | -47.1% |
| Recurring financial charges | 65 | €4,100 | €2,169 | -€1,931 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €16,230 | €12,893 | -€3,337 | -20.6% |
| Income taxes | 67/77 | €6,049 | €5,447 | -€602 | -9.9% |
| Profit (loss) for the period | 9904 | €10,181 | €7,445 | -€2,736 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,181 | €7,445 | -€2,736 | -26.9% |
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 3 October 2026 via checked.be.