LUTRACO: 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.
LUTRACO
Largest movements
- Cash +€451,521
up €451,521 (+121%), from €373,319 to €824,840
mainly Depreciation (+€377,456) and Trade debts (+€347,949)
- Receivables within one year -€265,884
down €265,884 (-38.2%), from €695,996 to €430,112
of which Trade receivables: -€234,124
- Tangible fixed assets +€118,606
up €118,606 (+7.7%), from €1.5m to €1.7m
- Current portion of long-term debt -€385,714
down €385,714 (-54.9%), from €702,857 to €317,143
- Trade debts +€347,949
up €347,949 (+161%), from €215,740 to €563,689
- Debts after one year +€285,714
up €285,714 (+23.2%), from €1.2m to €1.5m
- Profit (loss) carried forward +€50,205
up €50,205 (+11.2%), from €448,086 to €498,291
- Gross operating margin +€105,519
up €105,519 (+28.3%), from €373,271 to €478,791
- Depreciation +€63,240
up €63,240 (+20.1%), from €314,216 to €377,456
- Financial charges +€18,458
up €18,458 (+56.7%), from €32,571 to €51,029
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,626,910 | €2,931,183 | +€304,272 | +11.6% |
| Fixed assets | 21/28 | €1,540,130 | €1,658,736 | +€118,606 | +7.7% |
| Tangible fixed assets | 22/27 | €1,540,130 | €1,658,736 | +€118,606 | +7.7% |
| Plant, machinery and equipment | 23 | €1,540,130 | €1,658,736 | +€118,606 | +7.7% |
| Current assets | 29/58 | €1,086,781 | €1,272,447 | +€185,666 | +17.1% |
| Amounts receivable within one year | 40/41 | €695,996 | €430,112 | -€265,884 | -38.2% |
| Trade receivables | 40 | €561,423 | €327,299 | -€234,124 | -41.7% |
| Other amounts receivable | 41 | €134,573 | €102,813 | -€31,760 | -23.6% |
| Cash at bank and in hand | 54/58 | €373,319 | €824,840 | +€451,521 | +121% |
| Deferred charges and accrued income | 490/1 | €17,466 | €17,495 | +€29 | +0.2% |
| Total equity and liabilities | 10/49 | €2,626,910 | €2,931,183 | +€304,272 | +11.6% |
| Equity | 10/15 | €468,644 | €518,849 | +€50,205 | +10.7% |
| Contributions | 10/11 | €18,689 | €18,689 | = | 0.0% |
| Reserves | 13 | €1,869 | €1,869 | = | 0.0% |
| Distributable reserves | 133 | €1,869 | €1,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €448,086 | €498,291 | +€50,205 | +11.2% |
| Amounts payable | 17/49 | €2,158,266 | €2,412,334 | +€254,067 | +11.8% |
| Amounts payable after more than one year | 17 | €1,230,858 | €1,516,572 | +€285,714 | +23.2% |
| Financial debts | 170/4 | €1,230,858 | €1,516,572 | +€285,714 | +23.2% |
| Amounts payable within one year | 42/48 | €927,409 | €895,762 | -€31,647 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €702,857 | €317,143 | -€385,714 | -54.9% |
| Trade debts | 44 | €215,740 | €563,689 | +€347,949 | +161% |
| Suppliers | 440/4 | €215,740 | €563,689 | +€347,949 | +161% |
| Taxes, remuneration and social security | 45 | €8,812 | €14,930 | +€6,118 | +69.4% |
| Taxes | 450/3 | €495 | €3,138 | +€2,643 | +534% |
| Remuneration and social security | 454/9 | €8,317 | €11,793 | +€3,476 | +41.8% |
| Non-recurring operating income | 76A | €31,222 | €137,062 | +€105,840 | +339% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,216 | €377,456 | +€63,240 | +20.1% |
| Other operating charges | 640/8 | €254 | €0 | -€254 | -100% |
| Gross operating margin | 9900 | €373,271 | €478,791 | +€105,519 | +28.3% |
| Operating profit (loss) | 9901 | €58,801 | €101,335 | +€42,534 | +72.3% |
| Financial income | 75/76B | €1,925 | €1,204 | -€721 | -37.5% |
| Recurring financial income | 75 | €1,925 | €1,204 | -€721 | -37.5% |
| Financial charges | 65/66B | €32,571 | €51,029 | +€18,458 | +56.7% |
| Recurring financial charges | 65 | €32,571 | €51,029 | +€18,458 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €28,155 | €51,509 | +€23,354 | +82.9% |
| Income taxes | 67/77 | €0 | €1,305 | +€1,305 | |
| Profit (loss) for the period | 9904 | €28,155 | €50,205 | +€22,049 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,155 | €50,205 | +€22,049 | +78.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.