LUTIS: what changed
LUTIS
Largest movements
- Receivables within one year -€49,546
down €49,546 (-68.1%), from €72,737 to €23,192
of which Other amounts receivable: -€52,748
- Cash -€22,059
down €22,059 (-35.8%), from €61,608 to €39,549
mainly Contributions, distributions and other (-€238,824) and Deferred charges and accrued income (-€1,079)
- Tangible fixed assets -€6,459
down €6,459 (-41.5%), from €15,578 to €9,119
- Reserves -€56,928
down €56,928 (-99.1%), from €57,420 to €493
- Profit (loss) carried forward -€55,450
down €55,450 (-100%), from €55,450 to €0
- Other debts +€32,627
new in 2025: €32,627
- Tax, wage and social debts +€2,810
up €2,810 (+8.4%), from €33,510 to €36,320
- Gross operating margin +€36,695
up €36,695 (+27.3%), from €134,346 to €171,041
- Taxes +€8,736
up €8,736 (+28.7%), from €30,464 to €39,199
- Depreciation +€2,620
up €2,620 (+68.2%), from €3,839 to €6,459
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,923 | €72,939 | -€76,984 | -51.3% |
| Fixed assets | 21/28 | €15,578 | €9,119 | -€6,459 | -41.5% |
| Tangible fixed assets | 22/27 | €15,578 | €9,119 | -€6,459 | -41.5% |
| Furniture and vehicles | 24 | €15,578 | €9,119 | -€6,459 | -41.5% |
| Current assets | 29/58 | €134,345 | €63,820 | -€70,525 | -52.5% |
| Amounts receivable within one year | 40/41 | €72,737 | €23,192 | -€49,546 | -68.1% |
| Trade receivables | 40 | €19,990 | €23,192 | +€3,202 | +16.0% |
| Other amounts receivable | 41 | €52,748 | €0 | -€52,748 | -100% |
| Cash at bank and in hand | 54/58 | €61,608 | €39,549 | -€22,059 | -35.8% |
| Deferred charges and accrued income | 490/1 | - | €1,079 | +€1,079 | |
| Total equity and liabilities | 10/49 | €149,923 | €72,939 | -€76,984 | -51.3% |
| Equity | 10/15 | €113,871 | €1,493 | -€112,378 | -98.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €57,420 | €493 | -€56,928 | -99.1% |
| Distributable reserves | 133 | €57,420 | €493 | -€56,928 | -99.1% |
| Profit (loss) carried forward | 14 | €55,450 | €0 | -€55,450 | -100% |
| Amounts payable | 17/49 | €36,052 | €71,446 | +€35,393 | +98.2% |
| Amounts payable within one year | 42/48 | €36,052 | €71,446 | +€35,393 | +98.2% |
| Trade debts | 44 | €2,543 | €2,499 | -€44 | -1.7% |
| Suppliers | 440/4 | €2,543 | €2,499 | -€44 | -1.7% |
| Taxes, remuneration and social security | 45 | €33,510 | €36,320 | +€2,810 | +8.4% |
| Taxes | 450/3 | €33,510 | €36,320 | +€2,810 | +8.4% |
| Other amounts payable | 47/48 | - | €32,627 | +€32,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €6,459 | +€2,620 | +68.2% |
| Other operating charges | 640/8 | €1,147 | €499 | -€648 | -56.5% |
| Gross operating margin | 9900 | €134,346 | €171,041 | +€36,695 | +27.3% |
| Operating profit (loss) | 9901 | €129,360 | €164,083 | +€34,723 | +26.8% |
| Financial income | 75/76B | €1,625 | €1,625 | = | 0.0% |
| Recurring financial income | 75 | €1,625 | €1,625 | = | 0.0% |
| Financial charges | 65/66B | €72 | €63 | -€8 | -11.5% |
| Recurring financial charges | 65 | €72 | €63 | -€8 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €130,914 | €165,645 | +€34,731 | +26.5% |
| Income taxes | 67/77 | €30,464 | €39,199 | +€8,736 | +28.7% |
| Profit (loss) for the period | 9904 | €100,450 | €126,446 | +€25,996 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,450 | €126,446 | +€25,996 | +25.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.