LUYTEN L.: 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.
LUYTEN L.
Largest movements
- Stocks and contracts -€83,511
down €83,511 (-18.2%), from €458,318 to €374,807
- Receivables within one year +€76,320
up €76,320 (+468%), from €16,325 to €92,644
of which Other amounts receivable: +€46,162
- Cash -€27,992
down €27,992 (-33.1%), from €84,646 to €56,654
mainly Short-term financial debts (-€110,000) and Receivables within one year (-€76,320)
- Short-term financial debts -€110,000
down €110,000 (-100%), from €110,000 to €0
- Other debts +€75,108
up €75,108 (+441%), from €17,037 to €92,145
- Reserves +€47,551
up €47,551 (+49.7%), from €95,681 to €143,232
- Debts after one year -€44,298
down €44,298 (-19.9%), from €222,830 to €178,533
- Trade debts -€35,135
down €35,135 (-23.6%), from €148,743 to €113,608
- Gross operating margin -€196,648
down €196,648 (-60.9%), from €322,770 to €126,122
- Financial charges -€13,641
down €13,641 (-44.3%), from €30,806 to €17,165
- Financial income +€10,138
up €10,138 (+99.2%), from €10,217 to €20,356
- Depreciation +€7,276
up €7,276 (+13.1%), from €55,432 to €62,708
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.
Derived cash bridge
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 | €889,056 | €858,125 | -€30,930 | -3.5% |
| Fixed assets | 21/28 | €326,002 | €329,769 | +€3,767 | +1.2% |
| Intangible fixed assets | 21 | €8,050 | €3,850 | -€4,200 | -52.2% |
| Tangible fixed assets | 22/27 | €317,952 | €325,919 | +€7,967 | +2.5% |
| Land and buildings | 22 | €163,548 | €133,021 | -€30,527 | -18.7% |
| Plant, machinery and equipment | 23 | €140,317 | €184,241 | +€43,924 | +31.3% |
| Furniture and vehicles | 24 | €14,087 | €8,657 | -€5,430 | -38.5% |
| Current assets | 29/58 | €563,054 | €528,356 | -€34,698 | -6.2% |
| Stocks and contracts in progress | 3 | €458,318 | €374,807 | -€83,511 | -18.2% |
| Stocks | 30/36 | €458,318 | €374,807 | -€83,511 | -18.2% |
| Amounts receivable within one year | 40/41 | €16,325 | €92,644 | +€76,320 | +468% |
| Trade receivables | 40 | €14,577 | €44,735 | +€30,158 | +207% |
| Other amounts receivable | 41 | €1,747 | €47,909 | +€46,162 | +2,642% |
| Cash at bank and in hand | 54/58 | €84,646 | €56,654 | -€27,992 | -33.1% |
| Deferred charges and accrued income | 490/1 | €3,765 | €4,251 | +€485 | +12.9% |
| Total equity and liabilities | 10/49 | €889,056 | €858,125 | -€30,930 | -3.5% |
| Equity | 10/15 | €323,860 | €401,888 | +€78,028 | +24.1% |
| Contributions | 10/11 | €217,900 | €217,900 | = | 0.0% |
| Reserves | 13 | €95,681 | €143,232 | +€47,551 | +49.7% |
| Distributable reserves | 133 | €95,681 | €143,232 | +€47,551 | +49.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €10,280 | €40,757 | +€30,477 | +296% |
| Provisions and deferred taxes | 16 | €541 | €2,145 | +€1,604 | +296% |
| Deferred taxes | 168 | €541 | €2,145 | +€1,604 | +296% |
| Amounts payable | 17/49 | €564,654 | €454,092 | -€110,562 | -19.6% |
| Amounts payable after more than one year | 17 | €222,830 | €178,533 | -€44,298 | -19.9% |
| Financial debts | 170/4 | €222,830 | €178,533 | -€44,298 | -19.9% |
| Amounts payable within one year | 42/48 | €341,249 | €274,984 | -€66,265 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €44,298 | €44,298 | = | 0.0% |
| Financial debts | 43 | €110,000 | €0 | -€110,000 | -100% |
| Credit institutions | 430/8 | €110,000 | €0 | -€110,000 | -100% |
| Trade debts | 44 | €148,743 | €113,608 | -€35,135 | -23.6% |
| Suppliers | 440/4 | €148,743 | €113,608 | -€35,135 | -23.6% |
| Taxes, remuneration and social security | 45 | €21,172 | €24,934 | +€3,762 | +17.8% |
| Taxes | 450/3 | €15,007 | €15,049 | +€42 | +0.3% |
| Remuneration and social security | 454/9 | €6,165 | €9,885 | +€3,720 | +60.3% |
| Other amounts payable | 47/48 | €17,037 | €92,145 | +€75,108 | +441% |
| Accrued charges and deferred income | 492/3 | €575 | €575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,432 | €62,708 | +€7,276 | +13.1% |
| Other operating charges | 640/8 | €6,236 | €7,819 | +€1,583 | +25.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €322,770 | €126,122 | -€196,648 | -60.9% |
| Operating profit (loss) | 9901 | €261,103 | €55,595 | -€205,508 | -78.7% |
| Financial income | 75/76B | €10,217 | €20,356 | +€10,138 | +99.2% |
| Recurring financial income | 75 | €10,217 | €20,356 | +€10,138 | +99.2% |
| Financial charges | 65/66B | €30,806 | €17,165 | -€13,641 | -44.3% |
| Recurring financial charges | 65 | €30,806 | €17,165 | -€13,641 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €240,514 | €58,786 | -€181,729 | -75.6% |
| Transfer from deferred taxes | 780 | €110 | €861 | +€751 | +681% |
| Income taxes | 67/77 | €14,621 | €12,096 | -€2,525 | -17.3% |
| Profit (loss) for the period | 9904 | €226,004 | €47,551 | -€178,453 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €226,004 | €47,551 | -€178,453 | -79.0% |
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 30 October 2026 via checked.be.