SA-LUT: 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.
SA-LUT
Largest movements
- Current investments -€12,122
down €12,122 (-15.8%), from €76,513 to €64,391
- Receivables within one year +€3,765
up €3,765 (+3.5%), from €108,552 to €112,317
of which Other amounts receivable: +€11,415
- Profit (loss) carried forward -€7,489
down €7,489 (-4.0%), from €187,738 to €180,249
- Gross operating margin +€10,948
up €10,948 (+95.8%), from -€11,423 to -€475
- Other operating charges +€1,412
up €1,412 (+2654.0%), from €53 to €1,466
- Depreciation -€300
down €300 (-16.2%), from €1,849 to €1,549
- Financial charges +€118
up €118 (+143.0%), from €82 to €200
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 | €215,650 | €207,599 | -€8,050 | -3.7% |
| Fixed assets | 21/28 | €24,904 | €23,355 | -€1,549 | -6.2% |
| Tangible fixed assets | 22/27 | €23,704 | €22,155 | -€1,549 | -6.5% |
| Land and buildings | 22 | €19,783 | €19,720 | -€64 | -0.3% |
| Furniture and vehicles | 24 | €3,921 | €2,436 | -€1,485 | -37.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €190,745 | €184,244 | -€6,501 | -3.4% |
| Amounts receivable within one year | 40/41 | €108,552 | €112,317 | +€3,765 | +3.5% |
| Trade receivables | 40 | €7,650 | €0 | -€7,650 | -100.0% |
| Other amounts receivable | 41 | €100,902 | €112,317 | +€11,415 | +11.3% |
| Current investments | 50/53 | €76,513 | €64,391 | -€12,122 | -15.8% |
| Cash at bank and in hand | 54/58 | €5,680 | €7,150 | +€1,470 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €387 | +€387 | |
| Total equity and liabilities | 10/49 | €215,650 | €207,599 | -€8,050 | -3.7% |
| Equity | 10/15 | €213,937 | €206,447 | -€7,489 | -3.5% |
| Contributions | 10/11 | €18,549 | €18,549 | = | 0.0% |
| Reserves | 13 | €7,649 | €7,649 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,794 | €5,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,738 | €180,249 | -€7,489 | -4.0% |
| Amounts payable | 17/49 | €1,713 | €1,152 | -€561 | -32.7% |
| Amounts payable within one year | 42/48 | €1,242 | €1,062 | -€180 | -14.5% |
| Trade debts | 44 | €186 | €1,062 | +€876 | +471.2% |
| Suppliers | 440/4 | €186 | €1,062 | +€876 | +471.2% |
| Taxes, remuneration and social security | 45 | €786 | €0 | -€786 | -100.0% |
| Taxes | 450/3 | €786 | €0 | -€786 | -100.0% |
| Other amounts payable | 47/48 | €270 | €0 | -€270 | -100.0% |
| Accrued charges and deferred income | 492/3 | €471 | €90 | -€380 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €1,549 | -€300 | -16.2% |
| Other operating charges | 640/8 | €53 | €1,466 | +€1,412 | +2654.0% |
| Gross operating margin | 9900 | -€11,423 | -€475 | +€10,948 | +95.8% |
| Operating profit (loss) | 9901 | -€13,325 | -€3,489 | +€9,836 | +73.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €82 | €200 | +€118 | +143.0% |
| Recurring financial charges | 65 | €82 | €200 | +€118 | +143.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,408 | -€3,689 | +€9,718 | +72.5% |
| Income taxes | 67/77 | €390 | €326 | -€64 | -16.3% |
| Profit (loss) for the period | 9904 | -€13,798 | -€4,015 | +€9,782 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,798 | -€4,015 | +€9,782 | +70.9% |
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 12 October 2026 via checked.be.