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
- Tangible fixed assets +€184,059
up €184,059 (+70.6%), from €260,727 to €444,785
of which Other tangible fixed assets: +€131,158
- Intangible fixed assets +€118,080
up €118,080 (+129%), from €91,234 to €209,313
- Cash +€13,761
up €13,761 (+67.7%), from €20,322 to €34,083
mainly Debts after one year (+€261,445) and Trade debts (+€102,382)
- Receivables within one year +€12,852
up €12,852 (+81.0%), from €15,865 to €28,717
of which Other amounts receivable: +€8,925
- Debts after one year +€261,445
up €261,445 (+127%), from €205,515 to €466,961
- Profit (loss) carried forward -€144,217
down €144,217 (-71.2%), from -€202,587 to -€346,803
- Trade debts +€102,382
up €102,382 (+285%), from €35,920 to €138,301
- Other debts +€41,372
up €41,372 (+15.3%), from €270,890 to €312,262
- Current portion of long-term debt +€26,277
up €26,277 (+52.4%), from €50,109 to €76,386
- Gross operating margin +€28,938
up €28,938 (+73.5%), from €39,356 to €68,293
- Staff costs +€16,287
up €16,287 (+18.5%), from €87,924 to €104,211
- Depreciation +€9,990
up €9,990 (+16.0%), from €62,449 to €72,440
- Other operating charges +€8,724
up €8,724 (+1,216%), from €717 to €9,442
- Financial charges +€4,561
up €4,561 (+20.9%), from €21,858 to €26,419
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 | €398,163 | €726,406 | +€328,243 | +82.4% |
| Fixed assets | 21/28 | €351,960 | €654,099 | +€302,138 | +85.8% |
| Intangible fixed assets | 21 | €91,234 | €209,313 | +€118,080 | +129% |
| Tangible fixed assets | 22/27 | €260,727 | €444,785 | +€184,059 | +70.6% |
| Plant, machinery and equipment | 23 | €61,879 | €96,991 | +€35,112 | +56.7% |
| Furniture and vehicles | 24 | €2,205 | €19,995 | +€17,790 | +807% |
| Other tangible fixed assets | 26 | €196,642 | €327,800 | +€131,158 | +66.7% |
| Current assets | 29/58 | €46,203 | €72,307 | +€26,105 | +56.5% |
| Stocks and contracts in progress | 3 | €8,366 | €8,606 | +€240 | +2.9% |
| Stocks | 30/36 | €8,366 | €8,606 | +€240 | +2.9% |
| Amounts receivable within one year | 40/41 | €15,865 | €28,717 | +€12,852 | +81.0% |
| Trade receivables | 40 | €1,578 | €5,504 | +€3,927 | +249% |
| Other amounts receivable | 41 | €14,287 | €23,212 | +€8,925 | +62.5% |
| Cash at bank and in hand | 54/58 | €20,322 | €34,083 | +€13,761 | +67.7% |
| Deferred charges and accrued income | 490/1 | €1,650 | €903 | -€747 | -45.3% |
| Total equity and liabilities | 10/49 | €398,163 | €726,406 | +€328,243 | +82.4% |
| Equity | 10/15 | -€192,587 | -€311,803 | -€119,217 | -61.9% |
| Contributions | 10/11 | €10,000 | €35,000 | +€25,000 | +250% |
| Profit (loss) carried forward | 14 | -€202,587 | -€346,803 | -€144,217 | -71.2% |
| Amounts payable | 17/49 | €590,750 | €1,038,210 | +€447,460 | +75.7% |
| Amounts payable after more than one year | 17 | €205,515 | €466,961 | +€261,445 | +127% |
| Financial debts | 170/4 | €205,515 | €466,961 | +€261,445 | +127% |
| Amounts payable within one year | 42/48 | €368,547 | €543,121 | +€174,574 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €50,109 | €76,386 | +€26,277 | +52.4% |
| Trade debts | 44 | €35,920 | €138,301 | +€102,382 | +285% |
| Suppliers | 440/4 | €35,920 | €138,301 | +€102,382 | +285% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,629 | €16,171 | +€4,543 | +39.1% |
| Taxes | 450/3 | €928 | €2,098 | +€1,171 | +126% |
| Remuneration and social security | 454/9 | €10,701 | €14,073 | +€3,372 | +31.5% |
| Other amounts payable | 47/48 | €270,890 | €312,262 | +€41,372 | +15.3% |
| Accrued charges and deferred income | 492/3 | €16,688 | €28,128 | +€11,440 | +68.6% |
| Remuneration, social security and pensions | 62 | €87,924 | €104,211 | +€16,287 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,449 | €72,440 | +€9,990 | +16.0% |
| Other operating charges | 640/8 | €717 | €9,442 | +€8,724 | +1,216% |
| Gross operating margin | 9900 | €39,356 | €68,293 | +€28,938 | +73.5% |
| Operating profit (loss) | 9901 | -€111,735 | -€117,799 | -€6,064 | -5.4% |
| Financial income | 75/76B | €981 | €1 | -€980 | -99.9% |
| Recurring financial income | 75 | €981 | €1 | -€980 | -99.9% |
| Financial charges | 65/66B | €21,858 | €26,419 | +€4,561 | +20.9% |
| Recurring financial charges | 65 | €21,858 | €26,419 | +€4,561 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€132,611 | -€144,217 | -€11,605 | -8.8% |
| Profit (loss) for the period | 9904 | -€132,611 | -€144,217 | -€11,605 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,611 | -€144,217 | -€11,605 | -8.8% |
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 19 October 2026 via checked.be.