LUTHO: what changed
Two fiscal 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.
LUTHO
Largest movements
- Tangible fixed assets -€59,294
down €59,294 (-7.5%), from €786,618 to €727,324
of which Furniture and vehicles: -€36,765
- Current investments +€34,883
up €34,883 (+115.6%), from €30,171 to €65,053
- Debts after one year -€74,965
down €74,965 (-18.1%), from €413,622 to €338,657
- Reserves +€47,450
up €47,450 (+13.7%), from €345,357 to €392,807
- Accrued charges and deferred income +€14,170
up €14,170, from €0 to €14,170
- Other operating charges -€28,207
down €28,207 (-83.9%), from €33,618 to €5,411
- Taxes +€9,555
up €9,555 (+32.2%), from €29,705 to €39,260
- Financial charges +€2,746
up €2,746 (+11.6%), from €23,628 to €26,373
- Depreciation +€2,437
up €2,437 (+3.9%), from €62,725 to €65,163
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 | €1,088,487 | €1,063,985 | -€24,502 | -2.3% |
| Fixed assets | 21/28 | €786,618 | €727,324 | -€59,294 | -7.5% |
| Tangible fixed assets | 22/27 | €786,618 | €727,324 | -€59,294 | -7.5% |
| Land and buildings | 22 | €663,410 | €640,881 | -€22,528 | -3.4% |
| Furniture and vehicles | 24 | €123,208 | €86,443 | -€36,765 | -29.8% |
| Current assets | 29/58 | €301,869 | €336,661 | +€34,792 | +11.5% |
| Amounts receivable within one year | 40/41 | €255,271 | €250,320 | -€4,951 | -1.9% |
| Trade receivables | 40 | €63,314 | €69,327 | +€6,013 | +9.5% |
| Other amounts receivable | 41 | €191,957 | €180,993 | -€10,964 | -5.7% |
| Current investments | 50/53 | €30,171 | €65,053 | +€34,883 | +115.6% |
| Cash at bank and in hand | 54/58 | €12,168 | €15,259 | +€3,090 | +25.4% |
| Deferred charges and accrued income | 490/1 | €4,260 | €6,029 | +€1,770 | +41.5% |
| Total equity and liabilities | 10/49 | €1,088,487 | €1,063,985 | -€24,502 | -2.3% |
| Equity | 10/15 | €351,557 | €399,007 | +€47,450 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €345,357 | €392,807 | +€47,450 | +13.7% |
| Distributable reserves | 133 | €345,357 | €392,807 | +€47,450 | +13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €736,930 | €664,978 | -€71,952 | -9.8% |
| Amounts payable after more than one year | 17 | €413,622 | €338,657 | -€74,965 | -18.1% |
| Financial debts | 170/4 | €413,622 | €338,657 | -€74,965 | -18.1% |
| Amounts payable within one year | 42/48 | €323,308 | €312,152 | -€11,156 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €80,706 | €74,965 | -€5,741 | -7.1% |
| Financial debts | 43 | - | €197 | +€197 | |
| Credit institutions | 430/8 | - | €197 | +€197 | |
| Trade debts | 44 | €1,576 | €4,313 | +€2,737 | +173.7% |
| Suppliers | 440/4 | €1,576 | €4,313 | +€2,737 | +173.7% |
| Taxes, remuneration and social security | 45 | €33,856 | €28,461 | -€5,395 | -15.9% |
| Taxes | 450/3 | €33,856 | €28,461 | -€5,395 | -15.9% |
| Other amounts payable | 47/48 | €207,170 | €204,216 | -€2,954 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | €14,170 | +€14,170 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,725 | €65,163 | +€2,437 | +3.9% |
| Other operating charges | 640/8 | €33,618 | €5,411 | -€28,207 | -83.9% |
| Gross operating margin | 9900 | €205,595 | €207,166 | +€1,571 | +0.8% |
| Operating profit (loss) | 9901 | €109,251 | €136,592 | +€27,341 | +25.0% |
| Financial income | 75/76B | €10,560 | €11,800 | +€1,240 | +11.7% |
| Recurring financial income | 75 | €10,560 | €11,800 | +€1,240 | +11.7% |
| Financial charges | 65/66B | €23,628 | €26,373 | +€2,746 | +11.6% |
| Recurring financial charges | 65 | €23,628 | €26,373 | +€2,746 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €96,183 | €122,019 | +€25,835 | +26.9% |
| Income taxes | 67/77 | €29,705 | €39,260 | +€9,555 | +32.2% |
| Profit (loss) for the period | 9904 | €66,478 | €82,759 | +€16,280 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,478 | €82,759 | +€16,280 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.