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
- Tangible fixed assets +€401,553
up €401,553 (+514.4%), from €78,057 to €479,610
of which Land and buildings: +€429,773
- Cash -€13,442
down €13,442 (-76.9%), from €17,475 to €4,034
mainly Investment in fixed assets (net) (-€462,750) and Net result for the year (-€69,249)
- Debts after one year +€454,532
up €454,532 (+454.5%), from €100,000 to €554,532
of which Financial debts: +€364,532
- Profit (loss) carried forward -€69,249
down €69,249 (-218.5%), from -€31,691 to -€100,940
- Current portion of long-term debt +€14,145
new in 2025: €14,145
- Other debts -€6,546
down €6,546 (-14.3%), from €45,871 to €39,325
- Trade debts -€5,277
down €5,277 (-38.2%), from €13,816 to €8,538
- Depreciation +€19,587
up €19,587 (+43.0%), from €45,584 to €65,171
- Financial charges +€8,100
up €8,100 (+584.5%), from €1,386 to €9,486
- Gross operating margin -€6,108
down €6,108 (-40.4%), from €15,130 to €9,022
- Other operating charges +€3,073
up €3,073 (+568.7%), from €540 to €3,613
- Financial income -€690
no longer reported in 2025 (was €690)
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 | €136,412 | €525,506 | +€389,094 | +285.2% |
| Fixed assets | 21/28 | €82,031 | €479,610 | +€397,579 | +484.7% |
| Tangible fixed assets | 22/27 | €78,057 | €479,610 | +€401,553 | +514.4% |
| Land and buildings | 22 | €3,380 | €433,153 | +€429,773 | +12714.1% |
| Plant, machinery and equipment | 23 | €35,323 | €23,618 | -€11,705 | -33.1% |
| Furniture and vehicles | 24 | €39,354 | €22,838 | -€16,516 | -42.0% |
| Financial fixed assets | 28 | €3,974 | - | -€3,974 | |
| Current assets | 29/58 | €54,381 | €45,897 | -€8,484 | -15.6% |
| Amounts receivable within one year | 40/41 | €36,526 | €41,386 | +€4,860 | +13.3% |
| Trade receivables | 40 | €33,677 | €37,183 | +€3,506 | +10.4% |
| Other amounts receivable | 41 | €2,849 | €4,203 | +€1,354 | +47.5% |
| Cash at bank and in hand | 54/58 | €17,475 | €4,034 | -€13,442 | -76.9% |
| Deferred charges and accrued income | 490/1 | €380 | €477 | +€98 | +25.7% |
| Total equity and liabilities | 10/49 | €136,412 | €525,506 | +€389,094 | +285.2% |
| Equity | 10/15 | -€23,987 | -€93,236 | -€69,249 | -288.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,704 | €4,704 | = | 0.0% |
| Distributable reserves | 133 | €4,704 | €4,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,691 | -€100,940 | -€69,249 | -218.5% |
| Amounts payable | 17/49 | €160,400 | €618,742 | +€458,343 | +285.8% |
| Amounts payable after more than one year | 17 | €100,000 | €554,532 | +€454,532 | +454.5% |
| Financial debts | 170/4 | - | €364,532 | +€364,532 | |
| Other amounts payable | 178/9 | €100,000 | €190,000 | +€90,000 | +90.0% |
| Amounts payable within one year | 42/48 | €60,400 | €64,210 | +€3,811 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,145 | +€14,145 | |
| Trade debts | 44 | €13,816 | €8,538 | -€5,277 | -38.2% |
| Suppliers | 440/4 | €13,816 | €8,538 | -€5,277 | -38.2% |
| Taxes, remuneration and social security | 45 | €712 | €2,202 | +€1,489 | +209.1% |
| Taxes | 450/3 | €712 | €2,202 | +€1,489 | +209.1% |
| Other amounts payable | 47/48 | €45,871 | €39,325 | -€6,546 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,584 | €65,171 | +€19,587 | +43.0% |
| Other operating charges | 640/8 | €540 | €3,613 | +€3,073 | +568.7% |
| Gross operating margin | 9900 | €15,130 | €9,022 | -€6,108 | -40.4% |
| Operating profit (loss) | 9901 | -€30,995 | -€59,763 | -€28,768 | -92.8% |
| Financial income | 75/76B | €690 | - | -€690 | |
| Recurring financial income | 75 | €690 | - | -€690 | |
| Financial charges | 65/66B | €1,386 | €9,486 | +€8,100 | +584.5% |
| Recurring financial charges | 65 | €1,386 | €9,486 | +€8,100 | +584.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,691 | -€69,249 | -€37,558 | -118.5% |
| Profit (loss) for the period | 9904 | -€31,691 | -€69,249 | -€37,558 | -118.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,691 | -€69,249 | -€37,558 | -118.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.