LUTOM: what changed
Two financial 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.
LUTOM
Largest movements
- Receivables within one year -€123,716
down €123,716 (-70.1%), from €176,590 to €52,875
of which Trade receivables: -€123,175
- Cash +€6,701
up €6,701 (+29.3%), from €22,852 to €29,553
mainly Receivables within one year (+€123,716) and Depreciation (+€3,542)
- Tangible fixed assets -€3,542
no longer reported in 2025 (was €3,542)
- Trade debts -€108,927
down €108,927 (-98.6%), from €110,480 to €1,553
- Tax, wage and social debts -€9,219
down €9,219 (-59.6%), from €15,461 to €6,241
of which Remuneration and social security: -€5,702
- Other debts -€4,597
down €4,597 (-19.4%), from €23,747 to €19,150
- Profit (loss) carried forward +€2,187
up €2,187 (+4.5%), from €48,296 to €50,483
- Purchases and services -€115,197
down €115,197 (-32.8%), from €350,841 to €235,645
- Gross operating margin -€16,583
down €16,583 (-70.0%), from €23,703 to €7,120
- Taxes +€678
new in 2025: €678
- Other operating charges +€345
up €345 (+105%), from €329 to €674
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.
Derived cash bridge
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 | €202,984 | €82,428 | -€120,556 | -59.4% |
| Fixed assets | 21/28 | €3,542 | - | -€3,542 | |
| Tangible fixed assets | 22/27 | €3,542 | - | -€3,542 | |
| Furniture and vehicles | 24 | €3,542 | - | -€3,542 | |
| Current assets | 29/58 | €199,442 | €82,428 | -€117,014 | -58.7% |
| Amounts receivable within one year | 40/41 | €176,590 | €52,875 | -€123,716 | -70.1% |
| Trade receivables | 40 | €175,621 | €52,446 | -€123,175 | -70.1% |
| Other amounts receivable | 41 | €969 | €428 | -€541 | -55.8% |
| Cash at bank and in hand | 54/58 | €22,852 | €29,553 | +€6,701 | +29.3% |
| Total equity and liabilities | 10/49 | €202,984 | €82,428 | -€120,556 | -59.4% |
| Equity | 10/15 | €53,296 | €55,483 | +€2,187 | +4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,296 | €50,483 | +€2,187 | +4.5% |
| Amounts payable | 17/49 | €149,687 | €26,944 | -€122,743 | -82.0% |
| Amounts payable within one year | 42/48 | €149,687 | €26,944 | -€122,743 | -82.0% |
| Trade debts | 44 | €110,480 | €1,553 | -€108,927 | -98.6% |
| Suppliers | 440/4 | €110,480 | €1,553 | -€108,927 | -98.6% |
| Taxes, remuneration and social security | 45 | €15,461 | €6,241 | -€9,219 | -59.6% |
| Taxes | 450/3 | €9,759 | €6,241 | -€3,517 | -36.0% |
| Remuneration and social security | 454/9 | €5,702 | - | -€5,702 | |
| Other amounts payable | 47/48 | €23,747 | €19,150 | -€4,597 | -19.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €350,841 | €235,645 | -€115,197 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €3,542 | +€1 | 0.0% |
| Other operating charges | 640/8 | €329 | €674 | +€345 | +105% |
| Gross operating margin | 9900 | €23,703 | €7,120 | -€16,583 | -70.0% |
| Operating profit (loss) | 9901 | €19,833 | €2,904 | -€16,929 | -85.4% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €95 | €104 | +€10 | +10.2% |
| Recurring financial charges | 65 | €95 | €104 | +€10 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €19,738 | €2,865 | -€16,873 | -85.5% |
| Income taxes | 67/77 | - | €678 | +€678 | |
| Profit (loss) for the period | 9904 | €19,738 | €2,187 | -€17,551 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,738 | €2,187 | -€17,551 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.