LUTÈS: 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.
LUTÈS
Largest movements
- Receivables within one year -€184,193
down €184,193 (-88.7%), from €207,591 to €23,398
of which Other amounts receivable: -€207,024
- Tangible fixed assets +€130,614
up €130,614 (+31.3%), from €417,605 to €548,219
of which Land and buildings: +€126,010
- Deferred charges and accrued income +€7,155
up €7,155 (+812.1%), from €881 to €8,036
- Profit (loss) carried forward -€66,625
down €66,625 (-480.3%), from -€13,871 to -€80,497
- Debts after one year -€40,510
down €40,510 (-7.3%), from €552,000 to €511,490
- Trade debts +€27,463
up €27,463 (+6102.9%), from €450 to €27,913
- Current portion of long-term debt +€20,584
new in 2025: €20,584
- Other debts +€11,000
up €11,000 (+73.3%), from €15,000 to €26,000
- Depreciation +€18,727
up €18,727 (+444.2%), from €4,216 to €22,943
- Financial charges +€17,718
up €17,718 (+2201.0%), from €805 to €18,523
- Gross operating margin -€16,344
down €16,344 (-265.3%), from -€6,161 to -€22,505
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 | €629,579 | €581,494 | -€48,085 | -7.6% |
| Fixed assets | 21/28 | €417,605 | €548,219 | +€130,614 | +31.3% |
| Tangible fixed assets | 22/27 | €417,605 | €548,219 | +€130,614 | +31.3% |
| Land and buildings | 22 | €414,119 | €540,129 | +€126,010 | +30.4% |
| Furniture and vehicles | 24 | €3,486 | €8,090 | +€4,605 | +132.1% |
| Current assets | 29/58 | €211,974 | €33,274 | -€178,699 | -84.3% |
| Amounts receivable within one year | 40/41 | €207,591 | €23,398 | -€184,193 | -88.7% |
| Trade receivables | 40 | €545 | €23,376 | +€22,831 | +4193.0% |
| Other amounts receivable | 41 | €207,047 | €23 | -€207,024 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,501 | €1,840 | -€1,661 | -47.4% |
| Deferred charges and accrued income | 490/1 | €881 | €8,036 | +€7,155 | +812.1% |
| Total equity and liabilities | 10/49 | €629,579 | €581,494 | -€48,085 | -7.6% |
| Equity | 10/15 | €62,129 | -€4,497 | -€66,625 | |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,871 | -€80,497 | -€66,625 | -480.3% |
| Amounts payable | 17/49 | €567,450 | €585,990 | +€18,540 | +3.3% |
| Amounts payable after more than one year | 17 | €552,000 | €511,490 | -€40,510 | -7.3% |
| Financial debts | 170/4 | €552,000 | €511,490 | -€40,510 | -7.3% |
| Amounts payable within one year | 42/48 | €15,450 | €74,500 | +€59,050 | +382.2% |
| Current portion of amounts payable after more than one year | 42 | - | €20,584 | +€20,584 | |
| Trade debts | 44 | €450 | €27,913 | +€27,463 | +6102.9% |
| Suppliers | 440/4 | €450 | €27,913 | +€27,463 | +6102.9% |
| Taxes, remuneration and social security | 45 | - | €4 | +€4 | |
| Taxes | 450/3 | - | €4 | +€4 | |
| Other amounts payable | 47/48 | €15,000 | €26,000 | +€11,000 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,216 | €22,943 | +€18,727 | +444.2% |
| Other operating charges | 640/8 | €2,689 | €2,654 | -€35 | -1.3% |
| Gross operating margin | 9900 | -€6,161 | -€22,505 | -€16,344 | -265.3% |
| Operating profit (loss) | 9901 | -€13,066 | -€48,102 | -€35,036 | -268.1% |
| Financial charges | 65/66B | €805 | €18,523 | +€17,718 | +2201.0% |
| Recurring financial charges | 65 | €805 | €18,523 | +€17,718 | +2201.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,871 | -€66,625 | -€52,754 | -380.3% |
| Profit (loss) for the period | 9904 | -€13,871 | -€66,625 | -€52,754 | -380.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,871 | -€66,625 | -€52,754 | -380.3% |
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 9 October 2026 via checked.be.