LUTI: 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.
LUTI
Largest movements
- Stocks and contracts +€1,353
up €1,353 (+22.7%), from €5,966 to €7,319
- Tangible fixed assets -€947
down €947 (-23.5%), from €4,034 to €3,087
of which Plant, machinery and equipment: -€474
- Cash +€835
up €835 (+10.2%), from €8,219 to €9,054
mainly Tax, wage and social debts (+€4,496) and Depreciation (+€947)
- Receivables within one year -€553
down €553 (-9.4%), from €5,862 to €5,309
of which Trade receivables: -€2,519
- Tax, wage and social debts +€4,496
up €4,496 (+135.1%), from €3,328 to €7,824
of which Taxes: +€3,652
- Trade debts -€2,542
down €2,542 (-78.0%), from €3,259 to €716
- Reserves -€1,105
down €1,105 (-9.8%), from €11,295 to €10,190
- Gross operating margin -€10,598
down €10,598 (-69.6%), from €15,228 to €4,630
- Taxes -€1,087
down €1,087 (-74.6%), from €1,457 to €370
- Staff costs +€356
up €356 (+10.0%), from €3,549 to €3,905
- Financial income +€241
new in 2025: €241
- Other operating charges +€180
up €180 (+66.2%), from €272 to €453
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 | €24,081 | €24,930 | +€848 | +3.5% |
| Fixed assets | 21/28 | €4,034 | €3,087 | -€947 | -23.5% |
| Tangible fixed assets | 22/27 | €4,034 | €3,087 | -€947 | -23.5% |
| Land and buildings | 22 | €2,991 | €2,518 | -€473 | -15.8% |
| Plant, machinery and equipment | 23 | €1,043 | €569 | -€474 | -45.5% |
| Current assets | 29/58 | €20,047 | €21,843 | +€1,796 | +9.0% |
| Stocks and contracts in progress | 3 | €5,966 | €7,319 | +€1,353 | +22.7% |
| Stocks | 30/36 | €5,966 | €7,319 | +€1,353 | +22.7% |
| Amounts receivable within one year | 40/41 | €5,862 | €5,309 | -€553 | -9.4% |
| Trade receivables | 40 | €2,519 | €0 | -€2,519 | -100.0% |
| Other amounts receivable | 41 | €3,343 | €5,309 | +€1,967 | +58.8% |
| Cash at bank and in hand | 54/58 | €8,219 | €9,054 | +€835 | +10.2% |
| Deferred charges and accrued income | 490/1 | - | €160 | +€160 | |
| Total equity and liabilities | 10/49 | €24,081 | €24,930 | +€848 | +3.5% |
| Equity | 10/15 | €17,495 | €16,390 | -€1,105 | -6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,295 | €10,190 | -€1,105 | -9.8% |
| Distributable reserves | 133 | €11,295 | €10,190 | -€1,105 | -9.8% |
| Amounts payable | 17/49 | €6,586 | €8,540 | +€1,954 | +29.7% |
| Amounts payable within one year | 42/48 | €6,586 | €8,540 | +€1,954 | +29.7% |
| Trade debts | 44 | €3,259 | €716 | -€2,542 | -78.0% |
| Suppliers | 440/4 | €3,259 | €716 | -€2,542 | -78.0% |
| Taxes, remuneration and social security | 45 | €3,328 | €7,824 | +€4,496 | +135.1% |
| Taxes | 450/3 | €1,477 | €5,129 | +€3,652 | +247.2% |
| Remuneration and social security | 454/9 | €1,851 | €2,695 | +€844 | +45.6% |
| Remuneration, social security and pensions | 62 | €3,549 | €3,905 | +€356 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €947 | -€33 | -3.4% |
| Other operating charges | 640/8 | €272 | €453 | +€180 | +66.2% |
| Gross operating margin | 9900 | €15,228 | €4,630 | -€10,598 | -69.6% |
| Operating profit (loss) | 9901 | €10,426 | -€675 | -€11,101 | |
| Financial income | 75/76B | - | €241 | +€241 | |
| Recurring financial income | 75 | - | €241 | +€241 | |
| Financial charges | 65/66B | €326 | €301 | -€25 | -7.6% |
| Recurring financial charges | 65 | €326 | €301 | -€25 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €10,100 | -€735 | -€10,835 | |
| Income taxes | 67/77 | €1,457 | €370 | -€1,087 | -74.6% |
| Profit (loss) for the period | 9904 | €8,643 | -€1,105 | -€9,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,643 | -€1,105 | -€9,748 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.