LUTTRE RETAIL: 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.
LUTTRE RETAIL
Largest movements
- Cash -€605,456
down €605,456 (-39.6%), from €1.5m to €923,547
mainly Current portion of long-term debt (-€375,934) and Trade debts (-€368,651)
- Tangible fixed assets -€233,576
down €233,576 (-9.5%), from €2.5m to €2.2m
of which Plant, machinery and equipment: -€207,999
- Stocks and contracts +€112,853
up €112,853 (+19.4%), from €581,776 to €694,629
- Intangible fixed assets -€83,968
down €83,968 (-17.3%), from €484,187 to €400,219
- Current portion of long-term debt -€375,934
down €375,934 (-55.2%), from €680,721 to €304,788
- Trade debts -€368,651
down €368,651 (-23.3%), from €1.6m to €1.2m
- Debts after one year -€268,047
down €268,047 (-10.6%), from €2.5m to €2.3m
of which Financial debts: -€268,047
- Accrued charges and deferred income +€118,549
up €118,549 (+82.7%), from €143,344 to €261,893
- Staff costs -€219,581
down €219,581 (-15.0%), from €1.5m to €1.2m
- Depreciation +€213,161
up €213,161 (+149.4%), from €142,645 to €355,806
- Financial charges +€36,902
up €36,902 (+22.1%), from €167,328 to €204,230
of which Non-recurring financial charges: +€29,912
- Gross operating margin -€33,587
down €33,587 (-1.7%), from €1.9m to €1.9m
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 | €5,286,218 | €4,406,465 | -€879,753 | -16.6% |
| Formation expenses | 20 | €47,147 | €37,560 | -€9,587 | -20.3% |
| Fixed assets | 21/28 | €2,946,054 | €2,628,510 | -€317,544 | -10.8% |
| Intangible fixed assets | 21 | €484,187 | €400,219 | -€83,968 | -17.3% |
| Tangible fixed assets | 22/27 | €2,461,867 | €2,228,290 | -€233,576 | -9.5% |
| Land and buildings | 22 | €357,050 | €351,149 | -€5,901 | -1.7% |
| Plant, machinery and equipment | 23 | €1,989,361 | €1,781,363 | -€207,999 | -10.5% |
| Furniture and vehicles | 24 | €104,248 | €85,701 | -€18,546 | -17.8% |
| Other tangible fixed assets | 26 | €11,207 | €10,077 | -€1,130 | -10.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €2,293,017 | €1,740,395 | -€552,622 | -24.1% |
| Stocks and contracts in progress | 3 | €581,776 | €694,629 | +€112,853 | +19.4% |
| Stocks | 30/36 | €581,776 | €694,629 | +€112,853 | +19.4% |
| Amounts receivable within one year | 40/41 | €50,365 | €19,992 | -€30,373 | -60.3% |
| Trade receivables | 40 | €19,720 | €981 | -€18,739 | -95.0% |
| Other amounts receivable | 41 | €30,645 | €19,010 | -€11,634 | -38.0% |
| Cash at bank and in hand | 54/58 | €1,529,003 | €923,547 | -€605,456 | -39.6% |
| Deferred charges and accrued income | 490/1 | €131,874 | €102,228 | -€29,646 | -22.5% |
| Total equity and liabilities | 10/49 | €5,286,218 | €4,406,465 | -€879,753 | -16.6% |
| Equity | 10/15 | €133,125 | €160,021 | +€26,896 | +20.2% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €3,125 | €30,021 | +€26,896 | +860.6% |
| Non-distributable reserves | 130/1 | €870 | €2,215 | +€1,345 | +154.6% |
| Legal reserve | 130 | €870 | €2,215 | +€1,345 | +154.6% |
| Distributable reserves | 133 | €2,255 | €27,806 | +€25,551 | +1133.0% |
| Amounts payable | 17/49 | €5,153,093 | €4,246,444 | -€906,649 | -17.6% |
| Amounts payable after more than one year | 17 | €2,518,745 | €2,250,698 | -€268,047 | -10.6% |
| Financial debts | 170/4 | €2,243,745 | €1,975,698 | -€268,047 | -11.9% |
| Other amounts payable | 178/9 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,491,004 | €1,733,853 | -€757,151 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €680,721 | €304,788 | -€375,934 | -55.2% |
| Trade debts | 44 | €1,583,771 | €1,215,120 | -€368,651 | -23.3% |
| Suppliers | 440/4 | €1,583,771 | €1,215,120 | -€368,651 | -23.3% |
| Taxes, remuneration and social security | 45 | €226,512 | €212,315 | -€14,196 | -6.3% |
| Taxes | 450/3 | €17,271 | €17,782 | +€512 | +3.0% |
| Remuneration and social security | 454/9 | €209,241 | €194,533 | -€14,708 | -7.0% |
| Other amounts payable | 47/48 | €0 | €1,630 | +€1,630 | |
| Accrued charges and deferred income | 492/3 | €143,344 | €261,893 | +€118,549 | +82.7% |
| Non-recurring operating income | 76A | €739,040 | €218,752 | -€520,287 | -70.4% |
| Remuneration, social security and pensions | 62 | €1,467,708 | €1,248,127 | -€219,581 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,645 | €355,806 | +€213,161 | +149.4% |
| Other operating charges | 640/8 | €46,226 | €53,616 | +€7,390 | +16.0% |
| Non-recurring operating charges | 66A | €115,909 | €28,024 | -€87,885 | -75.8% |
| Gross operating margin | 9900 | €1,940,557 | €1,906,970 | -€33,587 | -1.7% |
| Operating profit (loss) | 9901 | €168,069 | €221,397 | +€53,328 | +31.7% |
| Financial income | 75/76B | €1,723 | €9,966 | +€8,243 | +478.3% |
| Recurring financial income | 75 | €1,723 | €9,966 | +€8,243 | +478.3% |
| Financial charges | 65/66B | €167,328 | €204,230 | +€36,902 | +22.1% |
| Recurring financial charges | 65 | €162,342 | €169,332 | +€6,990 | +4.3% |
| Non-recurring financial charges | 66B | €4,986 | €34,898 | +€29,912 | +599.9% |
| Profit (loss) for the period before taxes | 9903 | €2,464 | €27,133 | +€24,669 | +1001.1% |
| Income taxes | 67/77 | €90 | €237 | +€147 | +162.4% |
| Profit (loss) for the period | 9904 | €2,374 | €26,896 | +€24,522 | +1033.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,374 | €26,896 | +€24,522 | +1033.0% |
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 5 October 2026 via checked.be.