LUTS IMMO: what changed
LUTS IMMO
Largest movements
- Cash +€32,924
up €32,924 (+18.1%), from €181,845 to €214,769
mainly Net result for the year (+€31,107) and Depreciation (+€15,555)
- Tangible fixed assets -€15,555
down €15,555 (-5.0%), from €309,320 to €293,765
of which Land and buildings: -€15,242
- Receivables within one year -€11,729
down €11,729 (-97.7%), from €12,000 to €271
of which Trade receivables: -€12,000
- Reserves +€31,107
up €31,107 (+19.2%), from €161,800 to €192,907
- Debts after one year -€18,357
down €18,357 (-8.0%), from €229,202 to €210,845
- Tax, wage and social debts -€5,733
down €5,733 (-80.3%), from €7,143 to €1,410
- Gross operating margin +€40,805
up €40,805 (+173%), from €23,606 to €64,410
- Taxes +€11,168
up €11,168 (+1,052%), from €1,061 to €12,229
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,672 | €513,791 | +€10,119 | +2.0% |
| Fixed assets | 21/28 | €309,320 | €293,765 | -€15,555 | -5.0% |
| Tangible fixed assets | 22/27 | €309,320 | €293,765 | -€15,555 | -5.0% |
| Land and buildings | 22 | €309,007 | €293,765 | -€15,242 | -4.9% |
| Furniture and vehicles | 24 | €314 | €0 | -€314 | -100% |
| Current assets | 29/58 | €194,352 | €220,026 | +€25,674 | +13.2% |
| Amounts receivable within one year | 40/41 | €12,000 | €271 | -€11,729 | -97.7% |
| Trade receivables | 40 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €181,845 | €214,769 | +€32,924 | +18.1% |
| Deferred charges and accrued income | 490/1 | €507 | €4,986 | +€4,479 | +883% |
| Total equity and liabilities | 10/49 | €503,672 | €513,791 | +€10,119 | +2.0% |
| Equity | 10/15 | €170,996 | €202,102 | +€31,107 | +18.2% |
| Contributions | 10/11 | €9,196 | €9,196 | = | 0.0% |
| Reserves | 13 | €161,800 | €192,907 | +€31,107 | +19.2% |
| Distributable reserves | 133 | €161,800 | €192,907 | +€31,107 | +19.2% |
| Amounts payable | 17/49 | €332,676 | €311,689 | -€20,988 | -6.3% |
| Amounts payable after more than one year | 17 | €229,202 | €210,845 | -€18,357 | -8.0% |
| Financial debts | 170/4 | €229,202 | €210,845 | -€18,357 | -8.0% |
| Amounts payable within one year | 42/48 | €98,175 | €95,844 | -€2,331 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €18,102 | €18,357 | +€255 | +1.4% |
| Trade debts | 44 | €1,536 | €4,076 | +€2,540 | +165% |
| Suppliers | 440/4 | €1,536 | €4,076 | +€2,540 | +165% |
| Taxes, remuneration and social security | 45 | €7,143 | €1,410 | -€5,733 | -80.3% |
| Taxes | 450/3 | €7,143 | €1,410 | -€5,733 | -80.3% |
| Other amounts payable | 47/48 | €71,393 | €72,001 | +€608 | +0.9% |
| Accrued charges and deferred income | 492/3 | €5,300 | €5,000 | -€300 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,817 | €15,555 | -€261 | -1.7% |
| Other operating charges | 640/8 | €1,730 | €2,006 | +€276 | +16.0% |
| Gross operating margin | 9900 | €23,606 | €64,410 | +€40,805 | +173% |
| Operating profit (loss) | 9901 | €6,059 | €46,849 | +€40,790 | +673% |
| Financial charges | 65/66B | €3,725 | €3,513 | -€212 | -5.7% |
| Recurring financial charges | 65 | €3,725 | €3,513 | -€212 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €2,334 | €43,336 | +€41,002 | +1,757% |
| Income taxes | 67/77 | €1,061 | €12,229 | +€11,168 | +1,052% |
| Profit (loss) for the period | 9904 | €1,273 | €31,107 | +€29,834 | +2,344% |
| Profit (loss) for the period to be appropriated | 9905 | €1,273 | €31,107 | +€29,834 | +2,344% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.