LUTETIA: 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.
LUTETIA
Largest movements
- Cash +€118,346
up €118,346 (+458%), from €25,820 to €144,166
mainly Current investments (+€90,545) and Net result for the year (+€60,651)
- Current investments -€90,545
down €90,545 (-99.9%), from €90,603 to €58
- Deferred charges and accrued income +€19,200
up €19,200 (+1,600%), from €1,200 to €20,400
- Receivables within one year -€4,148
down €4,148 (-8.1%), from €51,390 to €47,242
of which Other amounts receivable: -€4,148
- Profit (loss) carried forward +€60,651
up €60,651 (+30,533%), from €199 to €60,850
- Reserves -€23,000
down €23,000 (-15.0%), from €153,750 to €130,750
- Trade debts +€6,168
up €6,168 (+145%), from €4,244 to €10,413
- Taxes -€2,158
down €2,158 (-9.5%), from €22,639 to €20,481
- Financial income -€1,605
down €1,605 (-51.5%), from €3,120 to €1,515
- Gross operating margin +€1,472
up €1,472 (+1.8%), from €80,759 to €82,231
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 | €174,077 | €216,140 | +€42,062 | +24.2% |
| Fixed assets | 21/28 | €5,065 | €4,274 | -€791 | -15.6% |
| Tangible fixed assets | 22/27 | €5,065 | €4,274 | -€791 | -15.6% |
| Plant, machinery and equipment | 23 | €781 | €362 | -€418 | -53.6% |
| Furniture and vehicles | 24 | €884 | €512 | -€372 | -42.1% |
| Other tangible fixed assets | 26 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €169,013 | €211,866 | +€42,853 | +25.4% |
| Amounts receivable within one year | 40/41 | €51,390 | €47,242 | -€4,148 | -8.1% |
| Trade receivables | 40 | €11,500 | €11,500 | = | 0.0% |
| Other amounts receivable | 41 | €39,890 | €35,742 | -€4,148 | -10.4% |
| Current investments | 50/53 | €90,603 | €58 | -€90,545 | -99.9% |
| Cash at bank and in hand | 54/58 | €25,820 | €144,166 | +€118,346 | +458% |
| Deferred charges and accrued income | 490/1 | €1,200 | €20,400 | +€19,200 | +1,600% |
| Total equity and liabilities | 10/49 | €174,077 | €216,140 | +€42,062 | +24.2% |
| Equity | 10/15 | €155,949 | €193,600 | +€37,651 | +24.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €153,750 | €130,750 | -€23,000 | -15.0% |
| Distributable reserves | 133 | €153,750 | €130,750 | -€23,000 | -15.0% |
| Profit (loss) carried forward | 14 | €199 | €60,850 | +€60,651 | +30,533% |
| Amounts payable | 17/49 | €18,129 | €22,540 | +€4,411 | +24.3% |
| Amounts payable within one year | 42/48 | €18,129 | €22,540 | +€4,411 | +24.3% |
| Trade debts | 44 | €4,244 | €10,413 | +€6,168 | +145% |
| Suppliers | 440/4 | €4,244 | €10,413 | +€6,168 | +145% |
| Taxes, remuneration and social security | 45 | €13,884 | €12,127 | -€1,757 | -12.7% |
| Taxes | 450/3 | €13,884 | €12,127 | -€1,757 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €791 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €80,759 | €82,231 | +€1,472 | +1.8% |
| Operating profit (loss) | 9901 | €79,517 | €80,975 | +€1,457 | +1.8% |
| Financial income | 75/76B | €3,120 | €1,515 | -€1,605 | -51.5% |
| Recurring financial income | 75 | €3,120 | €1,515 | -€1,605 | -51.5% |
| Financial charges | 65/66B | €1,217 | €1,357 | +€140 | +11.5% |
| Recurring financial charges | 65 | €1,217 | €1,357 | +€140 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €81,420 | €81,132 | -€288 | -0.4% |
| Income taxes | 67/77 | €22,639 | €20,481 | -€2,158 | -9.5% |
| Profit (loss) for the period | 9904 | €58,781 | €60,651 | +€1,870 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,781 | €60,651 | +€1,870 | +3.2% |
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 14 October 2026 via checked.be.