LUTOCA: 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.
LUTOCA
Largest movements
- Cash +€16,332
up €16,332 (+71.6%), from €22,813 to €39,145
mainly Net result for the year (+€17,226) and Depreciation (+€11,448)
- Tangible fixed assets -€11,448
down €11,448 (-1.2%), from €928,924 to €917,475
- Receivables within one year -€11,216
down €11,216 (-22.7%), from €49,504 to €38,288
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€9,915
down €9,915 (-20.4%), from €48,705 to €38,791
- Taxes -€2,410
down €2,410 (-31.6%), from €7,622 to €5,212
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 | €1,026,309 | €1,027,991 | +€1,682 | +0.2% |
| Fixed assets | 21/28 | €928,924 | €917,475 | -€11,448 | -1.2% |
| Tangible fixed assets | 22/27 | €928,924 | €917,475 | -€11,448 | -1.2% |
| Land and buildings | 22 | €928,924 | €917,475 | -€11,448 | -1.2% |
| Current assets | 29/58 | €97,386 | €110,516 | +€13,130 | +13.5% |
| Amounts receivable within one year | 40/41 | €49,504 | €38,288 | -€11,216 | -22.7% |
| Other amounts receivable | 41 | €49,504 | €38,288 | -€11,216 | -22.7% |
| Cash at bank and in hand | 54/58 | €22,813 | €39,145 | +€16,332 | +71.6% |
| Deferred charges and accrued income | 490/1 | €25,069 | €33,083 | +€8,013 | +32.0% |
| Total equity and liabilities | 10/49 | €1,026,309 | €1,027,991 | +€1,682 | +0.2% |
| Equity | 10/15 | €1,017,459 | €1,020,385 | +€2,926 | +0.3% |
| Contributions | 10/11 | €171,012 | €171,012 | = | 0.0% |
| Revaluation surpluses | 12 | €573,755 | €573,755 | = | 0.0% |
| Reserves | 13 | €272,692 | €275,618 | +€2,926 | +1.1% |
| Tax-exempt reserves | 132 | €23,907 | €20,972 | -€2,935 | -12.3% |
| Distributable reserves | 133 | €248,785 | €254,646 | +€5,861 | +2.4% |
| Provisions and deferred taxes | 16 | €7,969 | €6,991 | -€978 | -12.3% |
| Deferred taxes | 168 | €7,969 | €6,991 | -€978 | -12.3% |
| Amounts payable | 17/49 | €881 | €615 | -€265 | -30.1% |
| Amounts payable within one year | 42/48 | €122 | €601 | +€479 | +393.7% |
| Trade debts | 44 | - | €601 | +€601 | |
| Suppliers | 440/4 | - | €601 | +€601 | |
| Taxes, remuneration and social security | 45 | €122 | - | -€122 | |
| Taxes | 450/3 | €122 | - | -€122 | |
| Accrued charges and deferred income | 492/3 | €759 | €14 | -€745 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,563 | €11,448 | -€115 | -1.0% |
| Other operating charges | 640/8 | €6,364 | €6,562 | +€198 | +3.1% |
| Gross operating margin | 9900 | €48,705 | €38,791 | -€9,915 | -20.4% |
| Operating profit (loss) | 9901 | €30,778 | €20,780 | -€9,998 | -32.5% |
| Financial income | 75/76B | €363 | €724 | +€361 | +99.3% |
| Recurring financial income | 75 | €363 | €724 | +€361 | +99.3% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €31,098 | €21,459 | -€9,639 | -31.0% |
| Transfer from deferred taxes | 780 | €978 | €978 | = | 0.0% |
| Income taxes | 67/77 | €7,622 | €5,212 | -€2,410 | -31.6% |
| Profit (loss) for the period | 9904 | €24,455 | €17,226 | -€7,229 | -29.6% |
| Transfer from tax-exempt reserves | 789 | €2,935 | €2,935 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,390 | €20,161 | -€7,229 | -26.4% |
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 7 October 2026 via checked.be.