Lu-Crum: what changed
What changed
Lu-Crum
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€28,019
2024 · €111,458-€83,439
Equity
€232,639
2024 · €252,615-€19,976
Cash
€4,093
2024 · €4,253-€160
Balance sheet total
€1.4m
2024 · €1.2m+€128,008
Largest movements
Assets
- Tangible fixed assets +€133,196
up €133,196 (+12.0%), from €1.1m to €1.2m
of which Furniture and vehicles: +€68,272
Equity and liabilities
- Debts after one year +€94,993
up €94,993 (+12.6%), from €752,005 to €846,998
of which Financial debts: +€94,993
- Other debts +€40,995
up €40,995 (+54.9%), from €74,668 to €115,663
- Reserves -€19,976
down €19,976 (-8.5%), from €234,015 to €214,039
of which Tax-exempt reserves: -€12,085
Income statement
- Gross operating margin -€296,210
down €296,210 (-74.6%), from €396,894 to €100,684
- Depreciation -€125,420
down €125,420 (-71.1%), from €176,465 to €51,045
- Financial income +€7,400
up €7,400 (+1,510,190%), from €0 to €7,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€111,458
Gross operating margin
-€296,210
Depreciation
+€125,420
Other operating charges
+€3,640
Financial income
+€7,400
Financial charges
-€3,431
Taxes
+€339
Deferred taxes and other
+€79,403
Result 2025
€28,019
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€114,036
Investment
-€182,290
Financing
+€68,094
Cash 2024
€4,253
From operations (derived)
+€114,036
Net result for the year
+€28,019
Depreciation
+€51,045
Receivables within one year
+€5,342
Deferred charges and accrued income
-€2,265
Provisions
-€4,028
Trade debts
-€3,324
Tax, wage and social debts
-€1,746
Other debts
+€40,995
Investment (derived)
-€182,290
Investment in fixed assets (net)
-€182,290
Financing
+€68,094
Debts after one year
+€94,993
Current portion of long-term debt
+€13,595
Short-term financial debts
+€7,500
Contributions, distributions and other
-€47,995
Cash 2025
€4,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,247,481 | €1,375,489 | +€128,008 | +10.3% |
| Fixed assets | 21/28 | €1,218,371 | €1,349,616 | +€131,245 | +10.8% |
| Tangible fixed assets | 22/27 | €1,113,809 | €1,247,005 | +€133,196 | +12.0% |
| Land and buildings | 22 | €1,105,297 | €1,160,367 | +€55,070 | +5.0% |
| Plant, machinery and equipment | 23 | €3,184 | €13,038 | +€9,854 | +310% |
| Furniture and vehicles | 24 | €5,328 | €73,600 | +€68,272 | +1,281% |
| Financial fixed assets | 28 | €104,562 | €102,611 | -€1,951 | -1.9% |
| Current assets | 29/58 | €29,110 | €25,873 | -€3,237 | -11.1% |
| Amounts receivable within one year | 40/41 | €24,077 | €18,735 | -€5,342 | -22.2% |
| Trade receivables | 40 | €16,577 | €16,300 | -€277 | -1.7% |
| Other amounts receivable | 41 | €7,500 | €2,436 | -€5,064 | -67.5% |
| Cash at bank and in hand | 54/58 | €4,253 | €4,093 | -€160 | -3.8% |
| Deferred charges and accrued income | 490/1 | €780 | €3,045 | +€2,265 | +290% |
| Total equity and liabilities | 10/49 | €1,247,481 | €1,375,489 | +€128,008 | +10.3% |
| Equity | 10/15 | €252,615 | €232,639 | -€19,976 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,015 | €214,039 | -€19,976 | -8.5% |
| Tax-exempt reserves | 132 | €226,124 | €214,039 | -€12,085 | -5.3% |
| Distributable reserves | 133 | €7,891 | €0 | -€7,891 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €75,375 | €71,346 | -€4,028 | -5.3% |
| Deferred taxes | 168 | €75,375 | €71,346 | -€4,028 | -5.3% |
| Amounts payable | 17/49 | €919,491 | €1,071,504 | +€152,013 | +16.5% |
| Amounts payable after more than one year | 17 | €752,005 | €846,998 | +€94,993 | +12.6% |
| Financial debts | 170/4 | €752,005 | €846,998 | +€94,993 | +12.6% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €161,861 | €218,881 | +€57,019 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €29,373 | €42,968 | +€13,595 | +46.3% |
| Financial debts | 43 | €37,500 | €45,000 | +€7,500 | +20.0% |
| Credit institutions | 430/8 | €37,500 | €45,000 | +€7,500 | +20.0% |
| Trade debts | 44 | €6,520 | €3,195 | -€3,324 | -51.0% |
| Suppliers | 440/4 | €6,520 | €3,195 | -€3,324 | -51.0% |
| Taxes, remuneration and social security | 45 | €13,801 | €12,054 | -€1,746 | -12.7% |
| Taxes | 450/3 | €11,501 | €9,754 | -€1,746 | -15.2% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €74,668 | €115,663 | +€40,995 | +54.9% |
| Accrued charges and deferred income | 492/3 | €5,625 | €5,625 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,964 | +€10,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,465 | €51,045 | -€125,420 | -71.1% |
| Other operating charges | 640/8 | €6,766 | €3,126 | -€3,640 | -53.8% |
| Gross operating margin | 9900 | €396,894 | €100,684 | -€296,210 | -74.6% |
| Operating profit (loss) | 9901 | €213,663 | €46,513 | -€167,150 | -78.2% |
| Financial income | 75/76B | €0 | €7,400 | +€7,400 | +1,510,190% |
| Recurring financial income | 75 | €0 | €7,400 | +€7,400 | +1,510,190% |
| Financial charges | 65/66B | €26,296 | €29,727 | +€3,431 | +13.0% |
| Recurring financial charges | 65 | €26,296 | €29,727 | +€3,431 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €187,367 | €24,186 | -€163,181 | -87.1% |
| Transfer from deferred taxes | 780 | €1,088 | €4,028 | +€2,940 | +270% |
| Transfer to deferred taxes | 680 | €76,463 | €0 | -€76,463 | -100% |
| Income taxes | 67/77 | €535 | €196 | -€339 | -63.4% |
| Profit (loss) for the period | 9904 | €111,458 | €28,019 | -€83,439 | -74.9% |
| Transfer from tax-exempt reserves | 789 | €3,265 | €12,085 | +€8,820 | +270% |
| Transfer to tax-exempt reserves | 689 | €229,389 | €0 | -€229,389 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,666 | €40,103 | +€154,769 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.