Lubicon: 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.
Lubicon
Largest movements
- Receivables within one year +€80,241
up €80,241 (+334%), from €24,036 to €104,277
of which Trade receivables: +€81,051
- Cash -€65,146
down €65,146 (-72.1%), from €90,296 to €25,150
mainly Receivables within one year (-€80,241) and Debts after one year (-€24,665)
- Tangible fixed assets -€9,523
down €9,523 (-3.3%), from €291,025 to €281,502
of which Land and buildings: -€10,840
- Debts after one year -€24,665
down €24,665 (-31.3%), from €78,912 to €54,247
- Tax, wage and social debts +€10,093
up €10,093 (+323%), from €3,124 to €13,217
- Reserves +€8,904
up €8,904 (+2.4%), from €378,296 to €387,200
- Trade debts +€8,154
up €8,154 (+273%), from €2,989 to €11,142
- Gross operating margin +€27,037
up €27,037 (+170%), from €15,883 to €42,920
- Taxes +€3,326
up €3,326 (+1,736%), from €192 to €3,517
- Financial charges -€826
down €826 (-19.6%), from €4,226 to €3,400
- Depreciation +€442
up €442 (+3.5%), from €12,667 to €13,108
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 | €588,247 | €593,576 | +€5,329 | +0.9% |
| Fixed assets | 21/28 | €370,779 | €361,256 | -€9,523 | -2.6% |
| Tangible fixed assets | 22/27 | €291,025 | €281,502 | -€9,523 | -3.3% |
| Land and buildings | 22 | €285,238 | €274,398 | -€10,840 | -3.8% |
| Plant, machinery and equipment | 23 | €672 | €564 | -€108 | -16.1% |
| Furniture and vehicles | 24 | €5,115 | €6,541 | +€1,425 | +27.9% |
| Financial fixed assets | 28 | €79,753 | €79,753 | = | 0.0% |
| Current assets | 29/58 | €217,469 | €232,320 | +€14,852 | +6.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,036 | €104,277 | +€80,241 | +334% |
| Trade receivables | 40 | €22,514 | €103,565 | +€81,051 | +360% |
| Other amounts receivable | 41 | €1,522 | €712 | -€810 | -53.2% |
| Current investments | 50/53 | €61,050 | €61,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,296 | €25,150 | -€65,146 | -72.1% |
| Deferred charges and accrued income | 490/1 | €2,087 | €1,844 | -€243 | -11.6% |
| Total equity and liabilities | 10/49 | €588,247 | €593,576 | +€5,329 | +0.9% |
| Equity | 10/15 | €467,030 | €475,934 | +€8,904 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €378,296 | €387,200 | +€8,904 | +2.4% |
| Distributable reserves | 133 | €378,296 | €387,200 | +€8,904 | +2.4% |
| Profit (loss) carried forward | 14 | €82,534 | €82,534 | = | 0.0% |
| Amounts payable | 17/49 | €121,217 | €117,642 | -€3,575 | -2.9% |
| Amounts payable after more than one year | 17 | €78,912 | €54,247 | -€24,665 | -31.3% |
| Financial debts | 170/4 | €78,912 | €54,247 | -€24,665 | -31.3% |
| Amounts payable within one year | 42/48 | €35,295 | €56,318 | +€21,023 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €23,816 | €24,665 | +€849 | +3.6% |
| Trade debts | 44 | €2,989 | €11,142 | +€8,154 | +273% |
| Suppliers | 440/4 | €2,989 | €11,142 | +€8,154 | +273% |
| Taxes, remuneration and social security | 45 | €3,124 | €13,217 | +€10,093 | +323% |
| Taxes | 450/3 | €3,124 | €13,217 | +€10,093 | +323% |
| Other amounts payable | 47/48 | €5,367 | €7,294 | +€1,927 | +35.9% |
| Accrued charges and deferred income | 492/3 | €7,010 | €7,077 | +€67 | +0.9% |
| Non-recurring operating income | 76A | - | €4,463 | +€4,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,667 | €13,108 | +€442 | +3.5% |
| Other operating charges | 640/8 | €2,386 | €2,468 | +€82 | +3.4% |
| Non-recurring operating charges | 66A | €123 | - | -€123 | |
| Gross operating margin | 9900 | €15,883 | €42,920 | +€27,037 | +170% |
| Operating profit (loss) | 9901 | €707 | €27,344 | +€26,637 | +3,766% |
| Financial income | 75/76B | €1,346 | €1,108 | -€237 | -17.6% |
| Recurring financial income | 75 | €1,346 | €1,108 | -€237 | -17.6% |
| Financial charges | 65/66B | €4,226 | €3,400 | -€826 | -19.6% |
| Recurring financial charges | 65 | €4,226 | €3,400 | -€826 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,173 | €25,053 | +€27,226 | |
| Income taxes | 67/77 | €192 | €3,517 | +€3,326 | +1,736% |
| Profit (loss) for the period | 9904 | -€2,365 | €21,536 | +€23,900 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,365 | €21,536 | +€23,900 |
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 21 October 2026 via checked.be.