EURO-LUCE: 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.
EURO-LUCE
Largest movements
- Receivables within one year +€23,110
up €23,110 (+6.5%), from €357,197 to €380,307
of which Trade receivables: +€28,841
- Stocks and contracts -€12,679
down €12,679 (-8.8%), from €143,610 to €130,931
- Tangible fixed assets -€10,772
down €10,772 (-22.5%), from €47,833 to €37,062
of which Furniture and vehicles: -€8,148
- Profit (loss) carried forward -€27,461
down €27,461 (-9.0%), from €305,637 to €278,176
- Trade debts +€16,164
up €16,164 (+9.3%), from €172,905 to €189,069
- Tax, wage and social debts +€11,308
up €11,308 (+24.0%), from €47,108 to €58,416
of which Taxes: +€12,378
- Gross operating margin +€64,104
up €64,104 (+38.0%), from €168,601 to €232,705
- Staff costs +€6,702
up €6,702 (+2.8%), from €237,025 to €243,727
- Depreciation +€6,436
up €6,436 (+109%), from €5,929 to €12,365
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 | €749,813 | €743,350 | -€6,463 | -0.9% |
| Fixed assets | 21/28 | €50,233 | €39,462 | -€10,772 | -21.4% |
| Tangible fixed assets | 22/27 | €47,833 | €37,062 | -€10,772 | -22.5% |
| Land and buildings | 22 | €5,880 | €3,986 | -€1,894 | -32.2% |
| Plant, machinery and equipment | 23 | €2,472 | €1,742 | -€729 | -29.5% |
| Furniture and vehicles | 24 | €39,482 | €31,334 | -€8,148 | -20.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €699,580 | €703,889 | +€4,308 | +0.6% |
| Stocks and contracts in progress | 3 | €143,610 | €130,931 | -€12,679 | -8.8% |
| Stocks | 30/36 | €143,610 | €130,931 | -€12,679 | -8.8% |
| Amounts receivable within one year | 40/41 | €357,197 | €380,307 | +€23,110 | +6.5% |
| Trade receivables | 40 | €350,010 | €378,850 | +€28,841 | +8.2% |
| Other amounts receivable | 41 | €7,187 | €1,457 | -€5,730 | -79.7% |
| Cash at bank and in hand | 54/58 | €195,939 | €189,841 | -€6,098 | -3.1% |
| Deferred charges and accrued income | 490/1 | €2,834 | €2,809 | -€25 | -0.9% |
| Total equity and liabilities | 10/49 | €749,813 | €743,350 | -€6,463 | -0.9% |
| Equity | 10/15 | €493,847 | €466,386 | -€27,461 | -5.6% |
| Contributions | 10/11 | €171,100 | €171,100 | = | 0.0% |
| Reserves | 13 | €17,110 | €17,110 | = | 0.0% |
| Distributable reserves | 133 | €17,110 | €17,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,637 | €278,176 | -€27,461 | -9.0% |
| Amounts payable | 17/49 | €255,967 | €276,965 | +€20,998 | +8.2% |
| Amounts payable after more than one year | 17 | €29,244 | €22,239 | -€7,005 | -24.0% |
| Financial debts | 170/4 | €29,244 | €22,239 | -€7,005 | -24.0% |
| Amounts payable within one year | 42/48 | €226,723 | €254,726 | +€28,003 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €6,710 | €7,005 | +€295 | +4.4% |
| Financial debts | 43 | - | €236 | +€236 | |
| Credit institutions | 430/8 | - | €236 | +€236 | |
| Trade debts | 44 | €172,905 | €189,069 | +€16,164 | +9.3% |
| Suppliers | 440/4 | €172,905 | €189,069 | +€16,164 | +9.3% |
| Taxes, remuneration and social security | 45 | €47,108 | €58,416 | +€11,308 | +24.0% |
| Taxes | 450/3 | €17,099 | €29,478 | +€12,378 | +72.4% |
| Remuneration and social security | 454/9 | €30,009 | €28,939 | -€1,070 | -3.6% |
| Remuneration, social security and pensions | 62 | €237,025 | €243,727 | +€6,702 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,929 | €12,365 | +€6,436 | +109% |
| Other operating charges | 640/8 | €2,421 | €2,954 | +€533 | +22.0% |
| Gross operating margin | 9900 | €168,601 | €232,705 | +€64,104 | +38.0% |
| Operating profit (loss) | 9901 | -€76,773 | -€26,340 | +€50,433 | +65.7% |
| Financial income | 75/76B | €119 | €1,873 | +€1,753 | +1,469% |
| Recurring financial income | 75 | €119 | €229 | +€110 | +92.3% |
| Non-recurring financial income | 76B | - | €1,643 | +€1,643 | |
| Financial charges | 65/66B | €3,720 | €2,278 | -€1,442 | -38.8% |
| Recurring financial charges | 65 | €3,720 | €2,278 | -€1,442 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | -€80,374 | -€26,746 | +€53,628 | +66.7% |
| Income taxes | 67/77 | €572 | €715 | +€143 | +25.0% |
| Profit (loss) for the period | 9904 | -€80,946 | -€27,461 | +€53,485 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,946 | -€27,461 | +€53,485 | +66.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.