LuTuMa: 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.
LuTuMa
Largest movements
- Current investments -€155,000
down €155,000 (-88.6%), from €174,981 to €19,981
- Cash +€98,327
up €98,327 (+153.2%), from €64,169 to €162,496
mainly Current investments (+€155,000) and Net result for the year (+€87,212)
- Receivables within one year +€28,765
up €28,765 (+237.8%), from €12,095 to €40,860
of which Trade receivables: +€40,732
- Deferred charges and accrued income -€2,902
down €2,902 (-60.2%), from €4,817 to €1,915
- Reserves -€110,883
down €110,883 (-46.2%), from €239,774 to €128,891
- Other debts +€78,475
up €78,475 (+3253.1%), from €2,412 to €80,888
- Gross operating margin +€23,822
up €23,822 (+27.3%), from €87,247 to €111,068
- Taxes +€5,084
up €5,084 (+28.2%), from €18,032 to €23,116
- Financial income -€2,703
down €2,703 (-55.4%), from €4,876 to €2,173
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 | €260,187 | €228,382 | -€31,805 | -12.2% |
| Fixed assets | 21/28 | €4,125 | €3,130 | -€995 | -24.1% |
| Tangible fixed assets | 22/27 | €4,125 | €3,130 | -€995 | -24.1% |
| Plant, machinery and equipment | 23 | €1,549 | €1,338 | -€212 | -13.7% |
| Furniture and vehicles | 24 | €2,576 | €1,793 | -€783 | -30.4% |
| Current assets | 29/58 | €256,062 | €225,252 | -€30,810 | -12.0% |
| Amounts receivable within one year | 40/41 | €12,095 | €40,860 | +€28,765 | +237.8% |
| Trade receivables | 40 | €128 | €40,860 | +€40,732 | +31919.5% |
| Other amounts receivable | 41 | €11,968 | €0 | -€11,968 | -100.0% |
| Current investments | 50/53 | €174,981 | €19,981 | -€155,000 | -88.6% |
| Cash at bank and in hand | 54/58 | €64,169 | €162,496 | +€98,327 | +153.2% |
| Deferred charges and accrued income | 490/1 | €4,817 | €1,915 | -€2,902 | -60.2% |
| Total equity and liabilities | 10/49 | €260,187 | €228,382 | -€31,805 | -12.2% |
| Equity | 10/15 | €243,274 | €132,391 | -€110,883 | -45.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €239,774 | €128,891 | -€110,883 | -46.2% |
| Distributable reserves | 133 | €239,774 | €128,891 | -€110,883 | -46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,914 | €95,991 | +€79,078 | +467.5% |
| Amounts payable within one year | 42/48 | €16,914 | €95,991 | +€79,078 | +467.5% |
| Trade debts | 44 | €151 | €780 | +€628 | +414.8% |
| Suppliers | 440/4 | €151 | €780 | +€628 | +414.8% |
| Taxes, remuneration and social security | 45 | €14,350 | €14,324 | -€26 | -0.2% |
| Taxes | 450/3 | €13,816 | €13,595 | -€221 | -1.6% |
| Remuneration and social security | 454/9 | €534 | €729 | +€195 | +36.6% |
| Other amounts payable | 47/48 | €2,412 | €80,888 | +€78,475 | +3253.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €995 | = | 0.0% |
| Other operating charges | 640/8 | €693 | €709 | +€16 | +2.3% |
| Gross operating margin | 9900 | €87,247 | €111,068 | +€23,822 | +27.3% |
| Operating profit (loss) | 9901 | €85,559 | €109,365 | +€23,806 | +27.8% |
| Financial income | 75/76B | €4,876 | €2,173 | -€2,703 | -55.4% |
| Recurring financial income | 75 | €4,876 | €2,173 | -€2,703 | -55.4% |
| Financial charges | 65/66B | €1,520 | €1,210 | -€310 | -20.4% |
| Recurring financial charges | 65 | €1,520 | €1,210 | -€310 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €88,915 | €110,328 | +€21,413 | +24.1% |
| Income taxes | 67/77 | €18,032 | €23,116 | +€5,084 | +28.2% |
| Profit (loss) for the period | 9904 | €70,883 | €87,212 | +€16,329 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,883 | €87,212 | +€16,329 | +23.0% |
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.