LUYTEN: 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.
LUYTEN
Largest movements
- Cash +€159,338
up €159,338 (+92.0%), from €173,169 to €332,506
mainly Net result for the year (+€689,108) and Other debts (+€131,391)
- Receivables within one year +€99,475
up €99,475 (+16.1%), from €617,830 to €717,305
of which Trade receivables: +€85,967
- Current investments +€65,597
up €65,597 (+4.7%), from €1.4m to €1.5m
- Reserves +€291,929
up €291,929 (+13.3%), from €2.2m to €2.5m
of which Distributable reserves: +€397,179
- Trade debts -€165,196
down €165,196 (-21.0%), from €786,777 to €621,581
- Other debts +€131,391
up €131,391 (+60.2%), from €218,126 to €349,518
- Tax, wage and social debts +€63,483
up €63,483 (+80.2%), from €79,155 to €142,638
of which Taxes: +€63,205
- Gross operating margin +€96,457
up €96,457 (+11.0%), from €875,099 to €971,555
- Provisions +€69,552
up €69,552, from -€60,147 to €9,405
- Taxes -€30,394
down €30,394 (-13.4%), from €227,188 to €196,794
- Financial income -€24,943
down €24,943 (-51.9%), from €48,071 to €23,128
of which Non-recurring financial income: -€35,245
- Write-downs -€17,745
down €17,745 (-100.0%), from €17,745 to €0
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 | €3,586,821 | €3,917,833 | +€331,012 | +9.2% |
| Fixed assets | 21/28 | €22,696 | €11,775 | -€10,922 | -48.1% |
| Tangible fixed assets | 22/27 | €22,656 | €11,735 | -€10,922 | -48.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,656 | €11,735 | -€10,922 | -48.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €3,564,124 | €3,906,058 | +€341,934 | +9.6% |
| Stocks and contracts in progress | 3 | €1,381,314 | €1,396,916 | +€15,602 | +1.1% |
| Stocks | 30/36 | €1,381,314 | €1,396,916 | +€15,602 | +1.1% |
| Amounts receivable within one year | 40/41 | €617,830 | €717,305 | +€99,475 | +16.1% |
| Trade receivables | 40 | €537,238 | €623,205 | +€85,967 | +16.0% |
| Other amounts receivable | 41 | €80,592 | €94,100 | +€13,508 | +16.8% |
| Current investments | 50/53 | €1,391,811 | €1,457,408 | +€65,597 | +4.7% |
| Cash at bank and in hand | 54/58 | €173,169 | €332,506 | +€159,338 | +92.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,923 | +€1,923 | |
| Total equity and liabilities | 10/49 | €3,586,821 | €3,917,833 | +€331,012 | +9.2% |
| Equity | 10/15 | €2,207,496 | €2,499,425 | +€291,929 | +13.2% |
| Contributions | 10/11 | €17,448 | €17,448 | = | 0.0% |
| Reserves | 13 | €2,190,048 | €2,481,977 | +€291,929 | +13.3% |
| Tax-exempt reserves | 132 | €820,950 | €715,700 | -€105,250 | -12.8% |
| Distributable reserves | 133 | €1,369,098 | €1,766,277 | +€397,179 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €295,266 | €304,671 | +€9,405 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €295,266 | €304,671 | +€9,405 | +3.2% |
| Other liabilities and charges | 164/5 | €295,266 | €304,671 | +€9,405 | +3.2% |
| Amounts payable | 17/49 | €1,084,058 | €1,113,737 | +€29,678 | +2.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,084,058 | €1,113,737 | +€29,678 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €786,777 | €621,581 | -€165,196 | -21.0% |
| Suppliers | 440/4 | €786,777 | €621,581 | -€165,196 | -21.0% |
| Taxes, remuneration and social security | 45 | €79,155 | €142,638 | +€63,483 | +80.2% |
| Taxes | 450/3 | €71,440 | €134,644 | +€63,205 | +88.5% |
| Remuneration and social security | 454/9 | €7,715 | €7,994 | +€278 | +3.6% |
| Other amounts payable | 47/48 | €218,126 | €349,518 | +€131,391 | +60.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,956 | €0 | -€1,956 | -100.0% |
| Remuneration, social security and pensions | 62 | €61,718 | €65,842 | +€4,124 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,850 | €10,922 | -€2,928 | -21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,745 | €0 | -€17,745 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,147 | €9,405 | +€69,552 | |
| Other operating charges | 640/8 | €13,779 | €14,328 | +€550 | +4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €875,099 | €971,555 | +€96,457 | +11.0% |
| Operating profit (loss) | 9901 | €828,153 | €871,058 | +€42,904 | +5.2% |
| Financial income | 75/76B | €48,071 | €23,128 | -€24,943 | -51.9% |
| Recurring financial income | 75 | €12,825 | €23,128 | +€10,303 | +80.3% |
| Non-recurring financial income | 76B | €35,245 | €0 | -€35,245 | -100.0% |
| Financial charges | 65/66B | €8,185 | €8,284 | +€100 | +1.2% |
| Recurring financial charges | 65 | €8,185 | €8,284 | +€100 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €868,039 | €885,901 | +€17,862 | +2.1% |
| Income taxes | 67/77 | €227,188 | €196,794 | -€30,394 | -13.4% |
| Profit (loss) for the period | 9904 | €640,851 | €689,108 | +€48,256 | +7.5% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €105,250 | -€105,250 | -50.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €851,351 | €794,358 | -€56,994 | -6.7% |
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 4 October 2026 via checked.be.