LUTOWASH: 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.
LUTOWASH
Largest movements
- Cash -€3,103
down €3,103 (-11.3%), from €27,419 to €24,316
mainly Other debts (-€15,000) and Tax, wage and social debts (-€6,133)
- Profit (loss) carried forward +€17,201
up €17,201 (+694%), from €2,478 to €19,679
- Other debts -€15,000
down €15,000 (-81.8%), from €18,327 to €3,327
- Tax, wage and social debts -€6,133
down €6,133 (-45.9%), from €13,358 to €7,225
of which Taxes: -€4,857
- Trade debts -€1,682
down €1,682 (-44.8%), from €3,755 to €2,073
- Staff costs -€18,528
down €18,528 (-44.5%), from €41,618 to €23,090
- Gross operating margin -€6,935
down €6,935 (-14.3%), from €48,657 to €41,721
- Taxes -€1,637
no longer reported in 2025 (was €1,637)
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 | €126,231 | €120,617 | -€5,614 | -4.4% |
| Fixed assets | 21/28 | €9,663 | €8,774 | -€889 | -9.2% |
| Tangible fixed assets | 22/27 | €8,355 | €7,466 | -€889 | -10.6% |
| Plant, machinery and equipment | 23 | €8,355 | €7,466 | -€889 | -10.6% |
| Financial fixed assets | 28 | €1,308 | €1,308 | = | 0.0% |
| Current assets | 29/58 | €116,568 | €111,843 | -€4,725 | -4.1% |
| Stocks and contracts in progress | 3 | €1,134 | €341 | -€793 | -69.9% |
| Stocks | 30/36 | €1,134 | €341 | -€793 | -69.9% |
| Amounts receivable within one year | 40/41 | €87,057 | €87,185 | +€128 | +0.1% |
| Trade receivables | 40 | €86,872 | €87,000 | +€128 | +0.1% |
| Other amounts receivable | 41 | €185 | €185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,419 | €24,316 | -€3,103 | -11.3% |
| Deferred charges and accrued income | 490/1 | €957 | - | -€957 | |
| Total equity and liabilities | 10/49 | €126,231 | €120,617 | -€5,614 | -4.4% |
| Equity | 10/15 | €90,791 | €107,993 | +€17,201 | +18.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €69,564 | €69,564 | = | 0.0% |
| Distributable reserves | 133 | €69,564 | €69,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,478 | €19,679 | +€17,201 | +694% |
| Amounts payable | 17/49 | €35,439 | €12,624 | -€22,815 | -64.4% |
| Amounts payable within one year | 42/48 | €35,439 | €12,624 | -€22,815 | -64.4% |
| Trade debts | 44 | €3,755 | €2,073 | -€1,682 | -44.8% |
| Suppliers | 440/4 | €3,755 | €2,073 | -€1,682 | -44.8% |
| Taxes, remuneration and social security | 45 | €13,358 | €7,225 | -€6,133 | -45.9% |
| Taxes | 450/3 | €9,044 | €4,186 | -€4,857 | -53.7% |
| Remuneration and social security | 454/9 | €4,314 | €3,038 | -€1,276 | -29.6% |
| Other amounts payable | 47/48 | €18,327 | €3,327 | -€15,000 | -81.8% |
| Remuneration, social security and pensions | 62 | €41,618 | €23,090 | -€18,528 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €889 | +€357 | +67.1% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €48,657 | €41,721 | -€6,935 | -14.3% |
| Operating profit (loss) | 9901 | €6,358 | €17,594 | +€11,235 | +177% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250% |
| Financial charges | 65/66B | €353 | €393 | +€40 | +11.4% |
| Recurring financial charges | 65 | €229 | €393 | +€164 | +71.8% |
| Non-recurring financial charges | 66B | €124 | - | -€124 | |
| Profit (loss) for the period before taxes | 9903 | €6,006 | €17,201 | +€11,195 | +186% |
| Income taxes | 67/77 | €1,637 | - | -€1,637 | |
| Profit (loss) for the period | 9904 | €4,369 | €17,201 | +€12,832 | +294% |
| Profit (loss) for the period to be appropriated | 9905 | €4,369 | €17,201 | +€12,832 | +294% |
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 20 October 2026 via checked.be.