LUTU: 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.
LUTU
Largest movements
- Financial fixed assets -€161,407
down €161,407 (-100.0%), from €161,407 to €0
- Cash +€119,743
up €119,743 (+94.7%), from €126,505 to €246,248
mainly Investment in fixed assets (net) (+€161,407) and Tax, wage and social debts (+€12,777)
- Deferred charges and accrued income -€4,773
down €4,773 (-78.5%), from €6,081 to €1,308
- Receivables within one year -€4,430
down €4,430 (-36.3%), from €12,212 to €7,782
of which Trade receivables: -€6,199
- Reserves +€109,676
up €109,676 (+246.2%), from €44,549 to €154,224
- Profit (loss) carried forward -€99,741
down €99,741 (-100.0%), from €99,741 to €0
- Other debts -€73,370
down €73,370 (-46.2%), from €158,865 to €85,495
- Tax, wage and social debts +€12,777
up €12,777 (+694.0%), from €1,841 to €14,618
of which Remuneration and social security: +€10,941
- Gross operating margin -€44,627
down €44,627 (-82.0%), from €54,425 to €9,798
- Taxes -€11,443
down €11,443 (-75.7%), from €15,120 to €3,677
- Financial income -€2,170
down €2,170 (-27.5%), from €7,895 to €5,725
- Financial charges -€1,715
down €1,715 (-55.1%), from €3,111 to €1,396
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 | €306,204 | €255,338 | -€50,867 | -16.6% |
| Fixed assets | 21/28 | €161,407 | €0 | -€161,407 | -100.0% |
| Financial fixed assets | 28 | €161,407 | €0 | -€161,407 | -100.0% |
| Current assets | 29/58 | €144,797 | €255,338 | +€110,540 | +76.3% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,212 | €7,782 | -€4,430 | -36.3% |
| Trade receivables | 40 | €12,191 | €5,992 | -€6,199 | -50.9% |
| Other amounts receivable | 41 | €21 | €1,790 | +€1,769 | +8424.1% |
| Cash at bank and in hand | 54/58 | €126,505 | €246,248 | +€119,743 | +94.7% |
| Deferred charges and accrued income | 490/1 | €6,081 | €1,308 | -€4,773 | -78.5% |
| Total equity and liabilities | 10/49 | €306,204 | €255,338 | -€50,867 | -16.6% |
| Equity | 10/15 | €145,290 | €155,224 | +€9,934 | +6.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,549 | €154,224 | +€109,676 | +246.2% |
| Distributable reserves | 133 | €44,549 | €154,224 | +€109,676 | +246.2% |
| Profit (loss) carried forward | 14 | €99,741 | €0 | -€99,741 | -100.0% |
| Amounts payable | 17/49 | €160,914 | €100,113 | -€60,801 | -37.8% |
| Amounts payable within one year | 42/48 | €160,914 | €100,113 | -€60,801 | -37.8% |
| Trade debts | 44 | €208 | €0 | -€208 | -100.0% |
| Suppliers | 440/4 | €208 | €0 | -€208 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,841 | €14,618 | +€12,777 | +694.0% |
| Taxes | 450/3 | €1,841 | €3,677 | +€1,836 | +99.7% |
| Remuneration and social security | 454/9 | - | €10,941 | +€10,941 | |
| Other amounts payable | 47/48 | €158,865 | €85,495 | -€73,370 | -46.2% |
| Other operating charges | 640/8 | €800 | €516 | -€284 | -35.5% |
| Gross operating margin | 9900 | €54,425 | €9,798 | -€44,627 | -82.0% |
| Operating profit (loss) | 9901 | €53,625 | €9,282 | -€44,343 | -82.7% |
| Financial income | 75/76B | €7,895 | €5,725 | -€2,170 | -27.5% |
| Recurring financial income | 75 | €7,895 | €5,725 | -€2,170 | -27.5% |
| Financial charges | 65/66B | €3,111 | €1,396 | -€1,715 | -55.1% |
| Recurring financial charges | 65 | €3,111 | €1,396 | -€1,715 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €58,409 | €13,611 | -€44,798 | -76.7% |
| Income taxes | 67/77 | €15,120 | €3,677 | -€11,443 | -75.7% |
| Profit (loss) for the period | 9904 | €43,289 | €9,934 | -€33,355 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,289 | €9,934 | -€33,355 | -77.1% |
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 9 October 2026 via checked.be.