Lutrans: 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.
Lutrans
Largest movements
- Cash -€2,328
down €2,328 (-15.0%), from €15,470 to €13,142
mainly Other debts (-€5,782) and Trade debts (-€324)
- Tangible fixed assets -€2,050
down €2,050 (-69.4%), from €2,952 to €902
of which Furniture and vehicles: -€1,529
- Receivables within one year -€1,771
down €1,771 (-76.5%), from €2,314 to €543
of which Trade receivables: -€1,749
- Other debts -€5,782
down €5,782 (-43.3%), from €13,341 to €7,559
- Trade debts -€324
down €324 (-33.0%), from €983 to €659
- Gross operating margin -€7,492
down €7,492 (-68.5%), from €10,930 to €3,438
- Depreciation -€5,095
down €5,095 (-71.0%), from €7,180 to €2,086
- Other operating charges +€180
up €180 (+15.3%), from €1,174 to €1,354
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 | €21,248 | €15,095 | -€6,153 | -29.0% |
| Formation expenses | 20 | €36 | - | -€36 | |
| Fixed assets | 21/28 | €2,952 | €902 | -€2,050 | -69.4% |
| Tangible fixed assets | 22/27 | €2,952 | €902 | -€2,050 | -69.4% |
| Plant, machinery and equipment | 23 | €1,263 | €743 | -€520 | -41.2% |
| Furniture and vehicles | 24 | €1,689 | €159 | -€1,529 | -90.6% |
| Current assets | 29/58 | €18,260 | €14,193 | -€4,067 | -22.3% |
| Amounts receivable within one year | 40/41 | €2,314 | €543 | -€1,771 | -76.5% |
| Trade receivables | 40 | €1,997 | €248 | -€1,749 | -87.6% |
| Other amounts receivable | 41 | €317 | €296 | -€22 | -6.8% |
| Cash at bank and in hand | 54/58 | €15,470 | €13,142 | -€2,328 | -15.0% |
| Deferred charges and accrued income | 490/1 | €476 | €508 | +€32 | +6.7% |
| Total equity and liabilities | 10/49 | €21,248 | €15,095 | -€6,153 | -29.0% |
| Equity | 10/15 | €6,924 | €6,877 | -€47 | -0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,334 | €4,334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €3,834 | €3,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,410 | -€2,456 | -€47 | -1.9% |
| Amounts payable | 17/49 | €14,324 | €8,217 | -€6,106 | -42.6% |
| Amounts payable within one year | 42/48 | €14,324 | €8,217 | -€6,106 | -42.6% |
| Trade debts | 44 | €983 | €659 | -€324 | -33.0% |
| Suppliers | 440/4 | €983 | €659 | -€324 | -33.0% |
| Other amounts payable | 47/48 | €13,341 | €7,559 | -€5,782 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,180 | €2,086 | -€5,095 | -71.0% |
| Other operating charges | 640/8 | €1,174 | €1,354 | +€180 | +15.3% |
| Gross operating margin | 9900 | €10,930 | €3,438 | -€7,492 | -68.5% |
| Operating profit (loss) | 9901 | €2,576 | -€2 | -€2,577 | |
| 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 | €2,532 | -€47 | -€2,579 | |
| Profit (loss) for the period | 9904 | €2,532 | -€47 | -€2,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,532 | -€47 | -€2,579 |
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 31 October 2026 via checked.be.