F. LUCA: 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.
F. LUCA
Largest movements
- Stocks and contracts +€12,018
up €12,018 (+165.2%), from €7,277 to €19,295
- Tangible fixed assets -€2,995
down €2,995 (-68.0%), from €4,405 to €1,410
of which Furniture and vehicles: -€4,405
- Cash +€1,430
up €1,430 (+11.2%), from €12,751 to €14,181
mainly Tax, wage and social debts (+€16,270) and Net result for the year (+€15,826)
- Deferred charges and accrued income +€1,312
up €1,312 (+696.3%), from €188 to €1,500
- Receivables within one year -€870
down €870 (-8.4%), from €10,345 to €9,475
of which Trade receivables: -€5,018
- Tax, wage and social debts +€16,270
up €16,270 (+175.4%), from €9,274 to €25,544
of which Taxes: +€16,455
- Profit (loss) carried forward +€15,826
up €15,826, from -€11,034 to €4,792
- Other debts -€14,684
down €14,684 (-65.5%), from €22,407 to €7,723
- Trade debts -€6,517
down €6,517 (-69.9%), from €9,319 to €2,802
- Gross operating margin +€19,270
up €19,270 (+82.4%), from €23,376 to €42,647
- Taxes +€5,058
new in 2025: €5,058
- Staff costs +€4,344
up €4,344 (+54.8%), from €7,925 to €12,269
- Depreciation -€2,220
down €2,220 (-95.1%), from €2,333 to €114
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 | €34,966 | €45,861 | +€10,895 | +31.2% |
| Fixed assets | 21/28 | €4,405 | €1,410 | -€2,995 | -68.0% |
| Tangible fixed assets | 22/27 | €4,405 | €1,410 | -€2,995 | -68.0% |
| Plant, machinery and equipment | 23 | - | €1,410 | +€1,410 | |
| Furniture and vehicles | 24 | €4,405 | - | -€4,405 | |
| Current assets | 29/58 | €30,561 | €44,451 | +€13,890 | +45.4% |
| Stocks and contracts in progress | 3 | €7,277 | €19,295 | +€12,018 | +165.2% |
| Stocks | 30/36 | €7,277 | €19,295 | +€12,018 | +165.2% |
| Amounts receivable within one year | 40/41 | €10,345 | €9,475 | -€870 | -8.4% |
| Trade receivables | 40 | €10,345 | €5,327 | -€5,018 | -48.5% |
| Other amounts receivable | 41 | - | €4,148 | +€4,148 | |
| Cash at bank and in hand | 54/58 | €12,751 | €14,181 | +€1,430 | +11.2% |
| Deferred charges and accrued income | 490/1 | €188 | €1,500 | +€1,312 | +696.3% |
| Total equity and liabilities | 10/49 | €34,966 | €45,861 | +€10,895 | +31.2% |
| Equity | 10/15 | -€6,034 | €9,792 | +€15,826 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,034 | €4,792 | +€15,826 | |
| Amounts payable | 17/49 | €41,000 | €36,069 | -€4,931 | -12.0% |
| Amounts payable within one year | 42/48 | €41,000 | €36,069 | -€4,931 | -12.0% |
| Trade debts | 44 | €9,319 | €2,802 | -€6,517 | -69.9% |
| Suppliers | 440/4 | €9,319 | €2,802 | -€6,517 | -69.9% |
| Taxes, remuneration and social security | 45 | €9,274 | €25,544 | +€16,270 | +175.4% |
| Taxes | 450/3 | €4,398 | €20,853 | +€16,455 | +374.1% |
| Remuneration and social security | 454/9 | €4,876 | €4,692 | -€184 | -3.8% |
| Other amounts payable | 47/48 | €22,407 | €7,723 | -€14,684 | -65.5% |
| Remuneration, social security and pensions | 62 | €7,925 | €12,269 | +€4,344 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €114 | -€2,220 | -95.1% |
| Other operating charges | 640/8 | €6,620 | €6,623 | +€3 | 0.0% |
| Non-recurring operating charges | 66A | - | €1,512 | +€1,512 | |
| Gross operating margin | 9900 | €23,376 | €42,647 | +€19,270 | +82.4% |
| Operating profit (loss) | 9901 | €6,498 | €22,129 | +€15,631 | +240.5% |
| Financial income | 75/76B | €1 | €17 | +€17 | +2295.8% |
| Recurring financial income | 75 | €1 | €17 | +€17 | +2295.8% |
| Financial charges | 65/66B | €1,202 | €1,263 | +€61 | +5.1% |
| Recurring financial charges | 65 | €1,202 | €1,263 | +€61 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €5,297 | €20,884 | +€15,587 | +294.2% |
| Income taxes | 67/77 | - | €5,058 | +€5,058 | |
| Profit (loss) for the period | 9904 | €5,297 | €15,826 | +€10,528 | +198.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,297 | €15,826 | +€10,528 | +198.8% |
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 10 October 2026 via checked.be.