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
- Tangible fixed assets -€829,624
down €829,624 (-12.9%), from €6.4m to €5.6m
of which Land and buildings: -€798,907
- Stocks and contracts -€435,907
down €435,907 (-58.5%), from €745,449 to €309,541
- Receivables within one year -€165,721
down €165,721 (-14.0%), from €1.2m to €1.0m
of which Other amounts receivable: -€259,232
- Short-term financial debts -€1.8m
no longer reported in 2025 (was €1.8m)
- Reserves +€787,039
up €787,039 (+21.5%), from €3.7m to €4.5m
of which Distributable reserves: +€830,000
- Debts after one year -€423,491
down €423,491 (-31.0%), from €1.4m to €942,404
- Current portion of long-term debt -€90,460
down €90,460 (-17.6%), from €513,952 to €423,491
- Tax, wage and social debts +€86,319
up €86,319 (+171%), from €50,459 to €136,778
of which Taxes: +€72,975
- Gross operating margin +€957,968
up €957,968 (+82.4%), from €1.2m to €2.1m
- Taxes +€258,472
up €258,472 (+1,031%), from €25,074 to €283,546
- Other operating charges +€110,519
up €110,519 (+140%), from €78,662 to €189,180
- Depreciation -€84,910
down €84,910 (-13.2%), from €642,220 to €557,310
- Write-downs -€37,000
down €37,000 (-49.3%), from €75,000 to €38,000
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 | €8,398,951 | €6,986,691 | -€1.4m | -16.8% |
| Fixed assets | 21/28 | €6,416,110 | €5,588,912 | -€827,197 | -12.9% |
| Tangible fixed assets | 22/27 | €6,410,797 | €5,581,173 | -€829,624 | -12.9% |
| Land and buildings | 22 | €6,265,009 | €5,466,102 | -€798,907 | -12.8% |
| Plant, machinery and equipment | 23 | €62,944 | €62,537 | -€407 | -0.6% |
| Furniture and vehicles | 24 | €82,844 | €52,534 | -€30,310 | -36.6% |
| Financial fixed assets | 28 | €5,313 | €7,740 | +€2,427 | +45.7% |
| Current assets | 29/58 | €1,982,841 | €1,397,779 | -€585,063 | -29.5% |
| Stocks and contracts in progress | 3 | €745,449 | €309,541 | -€435,907 | -58.5% |
| Stocks | 30/36 | €745,449 | €309,541 | -€435,907 | -58.5% |
| Amounts receivable within one year | 40/41 | €1,180,165 | €1,014,444 | -€165,721 | -14.0% |
| Trade receivables | 40 | - | €93,511 | +€93,511 | |
| Other amounts receivable | 41 | €1,180,165 | €920,934 | -€259,232 | -22.0% |
| Cash at bank and in hand | 54/58 | €40,565 | €54,061 | +€13,497 | +33.3% |
| Deferred charges and accrued income | 490/1 | €16,662 | €19,732 | +€3,069 | +18.4% |
| Total equity and liabilities | 10/49 | €8,398,951 | €6,986,691 | -€1.4m | -16.8% |
| Equity | 10/15 | €3,744,689 | €4,528,667 | +€783,979 | +20.9% |
| Contributions | 10/11 | €56,775 | €56,775 | = | 0.0% |
| Reserves | 13 | €3,666,100 | €4,453,139 | +€787,039 | +21.5% |
| Non-distributable reserves | 130/1 | €5,678 | €5,678 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,678 | €5,678 | = | 0.0% |
| Tax-exempt reserves | 132 | €540,423 | €497,462 | -€42,961 | -7.9% |
| Distributable reserves | 133 | €3,120,000 | €3,950,000 | +€830,000 | +26.6% |
| Profit (loss) carried forward | 14 | €10,484 | €14,806 | +€4,321 | +41.2% |
| Investment grants | 15 | €11,329 | €3,947 | -€7,382 | -65.2% |
| Amounts payable | 17/49 | €4,654,262 | €2,458,023 | -€2.2m | -47.2% |
| Amounts payable after more than one year | 17 | €1,365,896 | €942,404 | -€423,491 | -31.0% |
| Financial debts | 170/4 | €1,365,896 | €942,404 | -€423,491 | -31.0% |
| Amounts payable within one year | 42/48 | €3,251,552 | €1,468,638 | -€1.8m | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €513,952 | €423,491 | -€90,460 | -17.6% |
| Financial debts | 43 | €1,800,000 | - | -€1.8m | |
| Credit institutions | 430/8 | €1,800,000 | - | -€1.8m | |
| Trade debts | 44 | €383,230 | €440,119 | +€56,889 | +14.8% |
| Suppliers | 440/4 | €383,230 | €440,119 | +€56,889 | +14.8% |
| Taxes, remuneration and social security | 45 | €50,459 | €136,778 | +€86,319 | +171% |
| Taxes | 450/3 | €44,575 | €117,550 | +€72,975 | +164% |
| Remuneration and social security | 454/9 | €5,884 | €19,228 | +€13,344 | +227% |
| Other amounts payable | 47/48 | €503,911 | €468,250 | -€35,661 | -7.1% |
| Accrued charges and deferred income | 492/3 | €36,814 | €46,981 | +€10,167 | +27.6% |
| Remuneration, social security and pensions | 62 | €131,454 | €151,496 | +€20,041 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642,220 | €557,310 | -€84,910 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | €38,000 | -€37,000 | -49.3% |
| Other operating charges | 640/8 | €78,662 | €189,180 | +€110,519 | +140% |
| Gross operating margin | 9900 | €1,162,578 | €2,120,546 | +€957,968 | +82.4% |
| Operating profit (loss) | 9901 | €235,243 | €1,184,559 | +€949,317 | +404% |
| Financial income | 75/76B | €7,382 | €25,280 | +€17,898 | +242% |
| Recurring financial income | 75 | €7,382 | €25,280 | +€17,898 | +242% |
| Financial charges | 65/66B | €118,493 | €134,933 | +€16,440 | +13.9% |
| Recurring financial charges | 65 | €118,493 | €134,933 | +€16,440 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €124,131 | €1,074,906 | +€950,775 | +766% |
| Income taxes | 67/77 | €25,074 | €283,546 | +€258,472 | +1,031% |
| Profit (loss) for the period | 9904 | €99,057 | €791,360 | +€692,303 | +699% |
| Transfer from tax-exempt reserves | 789 | €53,805 | €42,961 | -€10,844 | -20.2% |
| Transfer to tax-exempt reserves | 689 | €21,241 | - | -€21,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,621 | €834,321 | +€702,701 | +534% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.