Griet LUCAS: 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.
Griet LUCAS
Largest movements
- Receivables within one year -€36,604
down €36,604 (-43.4%), from €84,273 to €47,669
of which Trade receivables: -€62,236
- Cash -€14,501
down €14,501 (-72.5%), from €20,009 to €5,508
mainly Tax, wage and social debts (-€30,113) and Net result for the year (-€16,072)
- Tangible fixed assets -€14,476
down €14,476 (-19.5%), from €74,085 to €59,609
of which Leasing and similar rights: -€9,117
- Deferred charges and accrued income -€11,308
down €11,308 (-91.5%), from €12,360 to €1,052
- Tax, wage and social debts -€30,113
down €30,113 (-93.4%), from €32,232 to €2,119
- Reserves -€24,064
down €24,064 (-24.5%), from €98,400 to €74,336
- Debts after one year -€8,982
down €8,982 (-28.6%), from €31,394 to €22,412
- Other debts -€8,413
down €8,413 (-100%), from €8,413 to €0
- Trade debts -€5,671
down €5,671 (-85.1%), from €6,660 to €989
- Gross operating margin -€30,991
down €30,991 (-89.1%), from €34,792 to €3,801
- Taxes -€3,800
down €3,800 (-96.0%), from €3,958 to €159
- Depreciation +€3,685
up €3,685 (+29.7%), from €12,421 to €16,106
- Financial income +€1,374
new in 2024: €1,374
- Other operating charges +€664
up €664 (+25.4%), from €2,617 to €3,281
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,727 | €113,838 | -€76,889 | -40.3% |
| Fixed assets | 21/28 | €74,085 | €59,609 | -€14,476 | -19.5% |
| Tangible fixed assets | 22/27 | €74,085 | €59,609 | -€14,476 | -19.5% |
| Land and buildings | 22 | €27,310 | €22,548 | -€4,763 | -17.4% |
| Plant, machinery and equipment | 23 | €6,893 | €6,296 | -€597 | -8.7% |
| Leasing and similar rights | 25 | €39,882 | €30,765 | -€9,117 | -22.9% |
| Current assets | 29/58 | €116,642 | €54,229 | -€62,413 | -53.5% |
| Amounts receivable within one year | 40/41 | €84,273 | €47,669 | -€36,604 | -43.4% |
| Trade receivables | 40 | €63,087 | €852 | -€62,236 | -98.7% |
| Other amounts receivable | 41 | €21,186 | €46,817 | +€25,631 | +121% |
| Cash at bank and in hand | 54/58 | €20,009 | €5,508 | -€14,501 | -72.5% |
| Deferred charges and accrued income | 490/1 | €12,360 | €1,052 | -€11,308 | -91.5% |
| Total equity and liabilities | 10/49 | €190,727 | €113,838 | -€76,889 | -40.3% |
| Equity | 10/15 | €103,400 | €79,336 | -€24,064 | -23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,400 | €74,336 | -€24,064 | -24.5% |
| Distributable reserves | 133 | €98,400 | €74,336 | -€24,064 | -24.5% |
| Amounts payable | 17/49 | €87,327 | €34,502 | -€52,825 | -60.5% |
| Amounts payable after more than one year | 17 | €31,394 | €22,412 | -€8,982 | -28.6% |
| Financial debts | 170/4 | €31,394 | €22,412 | -€8,982 | -28.6% |
| Amounts payable within one year | 42/48 | €55,933 | €12,090 | -€43,843 | -78.4% |
| Current portion of amounts payable after more than one year | 42 | €8,629 | €8,982 | +€353 | +4.1% |
| Trade debts | 44 | €6,660 | €989 | -€5,671 | -85.1% |
| Suppliers | 440/4 | €6,660 | €989 | -€5,671 | -85.1% |
| Taxes, remuneration and social security | 45 | €32,232 | €2,119 | -€30,113 | -93.4% |
| Taxes | 450/3 | €32,232 | €2,119 | -€30,113 | -93.4% |
| Other amounts payable | 47/48 | €8,413 | €0 | -€8,413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,421 | €16,106 | +€3,685 | +29.7% |
| Other operating charges | 640/8 | €2,617 | €3,281 | +€664 | +25.4% |
| Gross operating margin | 9900 | €34,792 | €3,801 | -€30,991 | -89.1% |
| Operating profit (loss) | 9901 | €19,754 | -€15,586 | -€35,340 | |
| Financial income | 75/76B | - | €1,374 | +€1,374 | |
| Recurring financial income | 75 | - | €1,374 | +€1,374 | |
| Financial charges | 65/66B | €1,481 | €1,700 | +€219 | +14.8% |
| Recurring financial charges | 65 | €1,481 | €1,700 | +€219 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €18,273 | -€15,913 | -€34,186 | |
| Income taxes | 67/77 | €3,958 | €159 | -€3,800 | -96.0% |
| Profit (loss) for the period | 9904 | €14,314 | -€16,072 | -€30,386 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,314 | -€16,072 | -€30,386 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.