LUTTI: what changed
Two fiscal 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.
What changed
LUTTI
NACE 77.400, Rental and leasing activities
fiscal year 2021 against 2022filed annual accounts (NBB)
Net result for the year
€547,119
2021 · €522,859+€24,260
Equity
€6.7m
2021 · €6.7m+€7,119
Cash
€38,409
2021 · €98,721-€60,312
Balance sheet total
€7.5m
2021 · €7.7m-€110,316
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€98,960
down €98,960 (-26.4%), from €375,120 to €276,160
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2021 result to the 2022 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.
Result 2021
€522,859
Staff costs
+€48
Other operating charges
-€6
Other operating items
+€11,780
Financial charges
+€12,439
Result 2022
€547,119
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€578,648
Investment
-€0
Financing
-€638,960
Cash 2021
€98,721
From operations (derived)
+€578,648
Net result for the year
+€547,119
Depreciation
+€52,518
Receivables within one year
-€2,514
Trade debts
+€16,525
Other debts
-€35,000
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€638,960
Short-term financial debts
-€98,960
Contributions, distributions and other
-€540,000
Cash 2022
€38,409
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,651,503 | €7,541,187 | -€110,316 | -1.4% |
| Fixed assets | 21/28 | €7,510,072 | €7,457,554 | -€52,518 | -0.7% |
| Intangible fixed assets | 21 | €210,072 | €157,554 | -€52,518 | -25.0% |
| Financial fixed assets | 28 | €7,300,000 | €7,300,000 | = | 0.0% |
| Affiliated companies | 280/1 | €7,300,000 | €7,300,000 | = | 0.0% |
| Participating interests | 280 | €7,300,000 | €7,300,000 | = | 0.0% |
| Current assets | 29/58 | €141,431 | €83,633 | -€57,798 | -40.9% |
| Amounts receivable within one year | 40/41 | €42,710 | €45,224 | +€2,514 | +5.9% |
| Trade receivables | 40 | €38,058 | €44,696 | +€6,638 | +17.4% |
| Other amounts receivable | 41 | €4,653 | €528 | -€4,125 | -88.7% |
| Cash at bank and in hand | 54/58 | €98,721 | €38,409 | -€60,312 | -61.1% |
| Total equity and liabilities | 10/49 | €7,651,503 | €7,541,187 | -€110,316 | -1.4% |
| Equity | 10/15 | €6,692,536 | €6,699,655 | +€7,119 | +0.1% |
| Contributions | 10/11 | €1,976,151 | €1,976,151 | -€0 | 0.0% |
| Capital | 10 | €1,972,866 | €1,972,866 | = | 0.0% |
| Issued capital | 100 | €1,972,866 | €1,972,866 | = | 0.0% |
| Outside capital | 11 | €3,285 | €3,285 | -€0 | 0.0% |
| Share premium | 1100/10 | €3,285 | €3,285 | -€0 | 0.0% |
| Reserves | 13 | €4,715,705 | €4,715,705 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,715,705 | €197,287 | -€4.5m | -95.8% |
| Legal reserve | 130 | €197,287 | €197,287 | +€0 | 0.0% |
| Own shares acquired | 1312 | €4,518,419 | - | -€4.5m | |
| Tax-exempt reserves | 132 | - | €4,518,418 | +€4.5m | |
| Profit (loss) carried forward | 14 | €680 | €7,799 | +€7,119 | +1047.7% |
| Amounts payable | 17/49 | €958,967 | €841,532 | -€117,435 | -12.2% |
| Amounts payable within one year | 42/48 | €958,967 | €841,532 | -€117,435 | -12.2% |
| Financial debts | 43 | €375,120 | €276,160 | -€98,960 | -26.4% |
| Other loans | 439 | €375,120 | €276,160 | -€98,960 | -26.4% |
| Trade debts | 44 | €8,847 | €25,372 | +€16,525 | +186.8% |
| Suppliers | 440/4 | €8,847 | €25,372 | +€16,525 | +186.8% |
| Other amounts payable | 47/48 | €575,000 | €540,000 | -€35,000 | -6.1% |
| Operating income | 70/76A | €83,473 | €97,370 | +€13,897 | +16.6% |
| Other operating income | 74 | €83,473 | €97,370 | +€13,897 | +16.6% |
| Operating charges | 60/66A | €86,037 | €88,113 | +€2,076 | +2.4% |
| Services and other goods | 61 | €33,260 | €35,377 | +€2,117 | +6.4% |
| Remuneration, social security and pensions | 62 | €48 | - | -€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,518 | €52,518 | = | 0.0% |
| Other operating charges | 640/8 | €212 | €218 | +€6 | +3.0% |
| Operating profit (loss) | 9901 | -€2,565 | €9,257 | +€11,822 | |
| Financial income | 75/76B | €549,725 | €549,725 | = | 0.0% |
| Recurring financial income | 75 | €549,725 | €549,725 | = | 0.0% |
| Income from financial fixed assets | 750 | €549,725 | €549,725 | = | 0.0% |
| Financial charges | 65/66B | €24,302 | €11,863 | -€12,439 | -51.2% |
| Recurring financial charges | 65 | €24,302 | €11,863 | -€12,439 | -51.2% |
| Debt charges | 650 | €23,086 | €10,825 | -€12,261 | -53.1% |
| Other financial charges | 652/9 | €1,216 | €1,038 | -€178 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €522,859 | €547,119 | +€24,260 | +4.6% |
| Profit (loss) for the period | 9904 | €522,859 | €547,119 | +€24,260 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €522,859 | €547,119 | +€24,260 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.