FRANCE LUC: 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.
FRANCE LUC
Largest movements
- Current investments +€207,577
up €207,577 (+12.2%), from €1.7m to €1.9m
- Receivables within one year +€163,902
up €163,902 (+29.8%), from €550,820 to €714,721
of which Other amounts receivable: +€163,543
- Cash -€95,466
down €95,466 (-35.3%), from €270,803 to €175,337
mainly Contributions, distributions and other (-€265,000) and Current investments (-€207,577)
- Reserves +€198,950
up €198,950 (+10.1%), from €2.0m to €2.2m
of which Distributable reserves: +€136,200
- Trade debts +€77,156
up €77,156 (+709%), from €10,880 to €88,036
- Tax, wage and social debts +€44,803
up €44,803 (+83.1%), from €53,913 to €98,716
of which Taxes: +€40,396
- Debts after one year -€33,985
down €33,985 (-100%), from €33,985 to €0
- Financial income +€18,358
up €18,358 (+15.1%), from €121,751 to €140,109
- Other operating charges +€7,066
up €7,066 (+203%), from €3,482 to €10,547
- Financial charges -€6,695
down €6,695 (-78.5%), from €8,530 to €1,835
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 | €2,577,227 | €2,861,789 | +€284,562 | +11.0% |
| Fixed assets | 21/28 | €31,129 | €21,857 | -€9,272 | -29.8% |
| Tangible fixed assets | 22/27 | €31,129 | €21,857 | -€9,272 | -29.8% |
| Plant, machinery and equipment | 23 | €30,224 | €21,857 | -€8,367 | -27.7% |
| Furniture and vehicles | 24 | €905 | €0 | -€905 | -100% |
| Current assets | 29/58 | €2,546,098 | €2,839,932 | +€293,835 | +11.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €550,820 | €714,721 | +€163,902 | +29.8% |
| Trade receivables | 40 | - | €359 | +€359 | |
| Other amounts receivable | 41 | €550,820 | €714,362 | +€163,543 | +29.7% |
| Current investments | 50/53 | €1,701,225 | €1,908,801 | +€207,577 | +12.2% |
| Cash at bank and in hand | 54/58 | €270,803 | €175,337 | -€95,466 | -35.3% |
| Deferred charges and accrued income | 490/1 | €21,751 | €39,573 | +€17,822 | +81.9% |
| Total equity and liabilities | 10/49 | €2,577,227 | €2,861,789 | +€284,562 | +11.0% |
| Equity | 10/15 | €2,400,952 | €2,599,909 | +€198,957 | +8.3% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €1,971,675 | €2,170,625 | +€198,950 | +10.1% |
| Non-distributable reserves | 130/1 | €42,500 | €0 | -€42,500 | -100% |
| Reserves not available under the articles | 1311 | €42,500 | €0 | -€42,500 | -100% |
| Tax-exempt reserves | 132 | €326,475 | €431,725 | +€105,250 | +32.2% |
| Distributable reserves | 133 | €1,602,700 | €1,738,900 | +€136,200 | +8.5% |
| Profit (loss) carried forward | 14 | €4,277 | €4,284 | +€7 | +0.2% |
| Amounts payable | 17/49 | €176,274 | €261,880 | +€85,606 | +48.6% |
| Amounts payable after more than one year | 17 | €33,985 | €0 | -€33,985 | -100% |
| Other amounts payable | 178/9 | €33,985 | €0 | -€33,985 | -100% |
| Amounts payable within one year | 42/48 | €139,793 | €261,752 | +€121,960 | +87.2% |
| Trade debts | 44 | €10,880 | €88,036 | +€77,156 | +709% |
| Suppliers | 440/4 | €10,880 | €88,036 | +€77,156 | +709% |
| Taxes, remuneration and social security | 45 | €53,913 | €98,716 | +€44,803 | +83.1% |
| Taxes | 450/3 | €53,119 | €93,514 | +€40,396 | +76.0% |
| Remuneration and social security | 454/9 | €794 | €5,202 | +€4,408 | +555% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,497 | €128 | -€2,369 | -94.9% |
| Remuneration, social security and pensions | 62 | €38,331 | €41,892 | +€3,562 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,241 | €9,272 | -€969 | -9.5% |
| Other operating charges | 640/8 | €3,482 | €10,547 | +€7,066 | +203% |
| Gross operating margin | 9900 | €560,001 | €555,638 | -€4,362 | -0.8% |
| Operating profit (loss) | 9901 | €507,947 | €493,926 | -€14,021 | -2.8% |
| Financial income | 75/76B | €121,751 | €140,109 | +€18,358 | +15.1% |
| Recurring financial income | 75 | €121,751 | €140,109 | +€18,358 | +15.1% |
| Financial charges | 65/66B | €8,530 | €1,835 | -€6,695 | -78.5% |
| Recurring financial charges | 65 | €8,530 | €1,835 | -€6,695 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €621,168 | €632,200 | +€11,031 | +1.8% |
| Income taxes | 67/77 | €169,800 | €168,243 | -€1,557 | -0.9% |
| Profit (loss) for the period | 9904 | €451,368 | €463,957 | +€12,589 | +2.8% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €0 | -€84,200 | -100% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €430,318 | €358,707 | -€71,611 | -16.6% |
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 27 October 2026 via checked.be.