LUTEX: 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.
LUTEX
Largest movements
- Cash -€39,996
down €39,996 (-5.1%), from €778,887 to €738,890
mainly Other debts (-€34,243) and Investment in fixed assets (net) (-€28,028)
- Other debts -€34,243
down €34,243 (-6.0%), from €571,857 to €537,615
- Reserves -€21,493
down €21,493 (-5.1%), from €421,355 to €399,862
of which Distributable reserves: -€21,493
- Financial income -€17,602
down €17,602 (-31.6%), from €55,677 to €38,075
- Financial charges +€15,842
up €15,842 (+39.9%), from €39,723 to €55,565
- Depreciation +€11,465
up €11,465 (+39.8%), from €28,828 to €40,294
- Staff costs +€8,534
up €8,534 (+1.7%), from €513,867 to €522,401
- Taxes -€8,456
down €8,456 (-87.8%), from €9,635 to €1,179
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 | €1,618,145 | €1,557,613 | -€60,532 | -3.7% |
| Fixed assets | 21/28 | €342,428 | €330,162 | -€12,266 | -3.6% |
| Tangible fixed assets | 22/27 | €342,428 | €330,162 | -€12,266 | -3.6% |
| Land and buildings | 22 | €315,955 | €291,384 | -€24,571 | -7.8% |
| Plant, machinery and equipment | 23 | €11,275 | €24,059 | +€12,784 | +113% |
| Furniture and vehicles | 24 | €15,198 | €14,719 | -€479 | -3.2% |
| Current assets | 29/58 | €1,275,717 | €1,227,451 | -€48,266 | -3.8% |
| Stocks and contracts in progress | 3 | €471,266 | €467,306 | -€3,960 | -0.8% |
| Stocks | 30/36 | €471,266 | €467,306 | -€3,960 | -0.8% |
| Amounts receivable within one year | 40/41 | €15,393 | €14,831 | -€562 | -3.7% |
| Other amounts receivable | 41 | €15,393 | €14,831 | -€562 | -3.7% |
| Cash at bank and in hand | 54/58 | €778,887 | €738,890 | -€39,996 | -5.1% |
| Deferred charges and accrued income | 490/1 | €10,171 | €6,423 | -€3,749 | -36.9% |
| Total equity and liabilities | 10/49 | €1,618,145 | €1,557,613 | -€60,532 | -3.7% |
| Equity | 10/15 | €921,355 | €899,862 | -€21,493 | -2.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €421,355 | €399,862 | -€21,493 | -5.1% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €371,355 | €349,862 | -€21,493 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €696,790 | €657,751 | -€39,040 | -5.6% |
| Amounts payable within one year | 42/48 | €696,790 | €657,751 | -€39,040 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €35,402 | €28,128 | -€7,274 | -20.5% |
| Suppliers | 440/4 | €35,402 | €28,128 | -€7,274 | -20.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €89,531 | €92,008 | +€2,477 | +2.8% |
| Taxes | 450/3 | €35,292 | €40,738 | +€5,447 | +15.4% |
| Remuneration and social security | 454/9 | €54,239 | €51,270 | -€2,969 | -5.5% |
| Other amounts payable | 47/48 | €571,857 | €537,615 | -€34,243 | -6.0% |
| Remuneration, social security and pensions | 62 | €513,867 | €522,401 | +€8,534 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,828 | €40,294 | +€11,465 | +39.8% |
| Other operating charges | 640/8 | €4,329 | €4,567 | +€237 | +5.5% |
| Gross operating margin | 9900 | €567,065 | €564,438 | -€2,627 | -0.5% |
| Operating profit (loss) | 9901 | €20,040 | -€2,824 | -€22,864 | |
| Financial income | 75/76B | €55,677 | €38,075 | -€17,602 | -31.6% |
| Recurring financial income | 75 | €55,677 | €38,075 | -€17,602 | -31.6% |
| Financial charges | 65/66B | €39,723 | €55,565 | +€15,842 | +39.9% |
| Recurring financial charges | 65 | €39,723 | €55,565 | +€15,842 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €35,994 | -€20,314 | -€56,308 | |
| Income taxes | 67/77 | €9,635 | €1,179 | -€8,456 | -87.8% |
| Profit (loss) for the period | 9904 | €26,359 | -€21,493 | -€47,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,359 | -€21,493 | -€47,852 |
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 15 October 2026 via checked.be.