LUTTIS: 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.
LUTTIS
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€39,911
up €39,911 (+38.1%), from €104,684 to €144,596
mainly Current investments (+€100,000) and Deferred charges and accrued income (+€5,283)
- Receivables within one year +€17,075
up €17,075 (+120.0%), from €14,225 to €31,300
of which Trade receivables: +€18,022
- Deferred charges and accrued income -€5,283
down €5,283 (-48.4%), from €10,908 to €5,624
- Tangible fixed assets -€3,601
down €3,601 (-32.6%), from €11,049 to €7,449
of which Other tangible fixed assets: -€2,040
- Reserves -€42,244
down €42,244 (-21.1%), from €200,387 to €158,143
of which Distributable reserves: -€42,244
- Other debts -€4,655
down €4,655 (-54.5%), from €8,546 to €3,892
- Tax, wage and social debts -€3,640
down €3,640 (-42.0%), from €8,676 to €5,036
- Gross operating margin -€23,643
down €23,643 (-203.7%), from -€11,605 to -€35,248
- Other operating charges +€6,082
up €6,082 (+866.9%), from €702 to €6,784
- Write-downs -€6,000
new in 2025: -€6,000
- Financial income -€3,544
down €3,544 (-85.8%), from €4,130 to €586
- Depreciation -€1,085
down €1,085 (-23.2%), from €4,686 to €3,601
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.
Cash bridge derived
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 | €240,867 | €188,969 | -€51,898 | -21.5% |
| Fixed assets | 21/28 | €11,049 | €7,449 | -€3,601 | -32.6% |
| Tangible fixed assets | 22/27 | €11,049 | €7,449 | -€3,601 | -32.6% |
| Furniture and vehicles | 24 | €4,327 | €2,766 | -€1,561 | -36.1% |
| Other tangible fixed assets | 26 | €6,723 | €4,683 | -€2,040 | -30.3% |
| Current assets | 29/58 | €229,818 | €181,520 | -€48,297 | -21.0% |
| Amounts receivable within one year | 40/41 | €14,225 | €31,300 | +€17,075 | +120.0% |
| Trade receivables | 40 | €13,243 | €31,266 | +€18,022 | +136.1% |
| Other amounts receivable | 41 | €982 | €35 | -€947 | -96.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €104,684 | €144,596 | +€39,911 | +38.1% |
| Deferred charges and accrued income | 490/1 | €10,908 | €5,624 | -€5,283 | -48.4% |
| Total equity and liabilities | 10/49 | €240,867 | €188,969 | -€51,898 | -21.5% |
| Equity | 10/15 | €218,987 | €176,743 | -€42,244 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,387 | €158,143 | -€42,244 | -21.1% |
| Tax-exempt reserves | 132 | €6,694 | €6,694 | = | 0.0% |
| Distributable reserves | 133 | €193,693 | €151,449 | -€42,244 | -21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,880 | €12,225 | -€9,654 | -44.1% |
| Amounts payable within one year | 42/48 | €19,467 | €10,695 | -€8,772 | -45.1% |
| Trade debts | 44 | €2,245 | €1,768 | -€477 | -21.3% |
| Suppliers | 440/4 | €2,245 | €1,768 | -€477 | -21.3% |
| Taxes, remuneration and social security | 45 | €8,676 | €5,036 | -€3,640 | -42.0% |
| Taxes | 450/3 | €8,676 | €5,036 | -€3,640 | -42.0% |
| Other amounts payable | 47/48 | €8,546 | €3,892 | -€4,655 | -54.5% |
| Accrued charges and deferred income | 492/3 | €2,413 | €1,530 | -€883 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,686 | €3,601 | -€1,085 | -23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €702 | €6,784 | +€6,082 | +866.9% |
| Gross operating margin | 9900 | -€11,605 | -€35,248 | -€23,643 | -203.7% |
| Operating profit (loss) | 9901 | -€16,993 | -€39,632 | -€22,640 | -133.2% |
| Financial income | 75/76B | €4,130 | €586 | -€3,544 | -85.8% |
| Recurring financial income | 75 | €4,130 | €586 | -€3,544 | -85.8% |
| Financial charges | 65/66B | €3,311 | €3,094 | -€217 | -6.5% |
| Recurring financial charges | 65 | €3,311 | €3,094 | -€217 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,173 | -€42,140 | -€25,967 | -160.6% |
| Income taxes | 67/77 | €188 | €103 | -€85 | -45.0% |
| Profit (loss) for the period | 9904 | -€16,361 | -€42,244 | -€25,883 | -158.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,361 | -€42,244 | -€25,883 | -158.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.