LUC: what changed
Two fiscal 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.
LUC
Largest movements
- Receivables within one year -€209,273
down €209,273 (-22.9%), from €913,796 to €704,523
of which Trade receivables: -€105,150
- Cash -€68,701
down €68,701 (-17.4%), from €395,495 to €326,795
mainly Trade debts (-€222,479) and Investment in fixed assets (net) (-€114,283)
- Tangible fixed assets +€46,499
up €46,499 (+41.0%), from €113,425 to €159,925
of which Furniture and vehicles: +€45,626
- Trade debts -€222,479
down €222,479 (-30.7%), from €725,072 to €502,593
- Profit (loss) carried forward +€78,464
up €78,464 (+14.7%), from €532,395 to €610,859
- Other debts -€54,000
no longer reported in 2024 (was €54,000)
- Tax, wage and social debts -€16,255
down €16,255 (-30.9%), from €52,523 to €36,267
of which Taxes: -€25,200
- Gross operating margin -€191,154
down €191,154 (-50.6%), from €378,034 to €186,880
- Taxes -€67,102
down €67,102 (-78.1%), from €85,959 to €18,856
- Depreciation +€29,928
up €29,928 (+100.5%), from €29,782 to €59,710
- Staff costs +€12,060
up €12,060 (+145.0%), from €8,317 to €20,378
- Financial charges -€5,079
down €5,079 (-58.3%), from €8,718 to €3,639
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.
Cash bridge derived
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 | €1,423,554 | €1,200,153 | -€223,401 | -15.7% |
| Fixed assets | 21/28 | €114,262 | €168,835 | +€54,573 | +47.8% |
| Tangible fixed assets | 22/27 | €113,425 | €159,925 | +€46,499 | +41.0% |
| Plant, machinery and equipment | 23 | €18,604 | €19,477 | +€874 | +4.7% |
| Furniture and vehicles | 24 | €94,822 | €140,447 | +€45,626 | +48.1% |
| Financial fixed assets | 28 | €837 | €8,911 | +€8,074 | +964.6% |
| Current assets | 29/58 | €1,309,291 | €1,031,317 | -€277,974 | -21.2% |
| Amounts receivable within one year | 40/41 | €913,796 | €704,523 | -€209,273 | -22.9% |
| Trade receivables | 40 | €700,465 | €595,316 | -€105,150 | -15.0% |
| Other amounts receivable | 41 | €213,330 | €109,207 | -€104,123 | -48.8% |
| Cash at bank and in hand | 54/58 | €395,495 | €326,795 | -€68,701 | -17.4% |
| Total equity and liabilities | 10/49 | €1,423,554 | €1,200,153 | -€223,401 | -15.7% |
| Equity | 10/15 | €552,455 | €630,919 | +€78,464 | +14.2% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,395 | €610,859 | +€78,464 | +14.7% |
| Amounts payable | 17/49 | €871,099 | €569,234 | -€301,866 | -34.7% |
| Amounts payable after more than one year | 17 | €30,373 | €20,910 | -€9,463 | -31.2% |
| Financial debts | 170/4 | €30,373 | €20,910 | -€9,463 | -31.2% |
| Amounts payable within one year | 42/48 | €840,726 | €548,323 | -€292,403 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €9,131 | €9,463 | +€332 | +3.6% |
| Trade debts | 44 | €725,072 | €502,593 | -€222,479 | -30.7% |
| Suppliers | 440/4 | €725,072 | €502,593 | -€222,479 | -30.7% |
| Taxes, remuneration and social security | 45 | €52,523 | €36,267 | -€16,255 | -30.9% |
| Taxes | 450/3 | €52,159 | €26,959 | -€25,200 | -48.3% |
| Remuneration and social security | 454/9 | €364 | €9,308 | +€8,945 | +2458.2% |
| Other amounts payable | 47/48 | €54,000 | - | -€54,000 | |
| Remuneration, social security and pensions | 62 | €8,317 | €20,378 | +€12,060 | +145.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,782 | €59,710 | +€29,928 | +100.5% |
| Other operating charges | 640/8 | €5,120 | €5,852 | +€732 | +14.3% |
| Gross operating margin | 9900 | €378,034 | €186,880 | -€191,154 | -50.6% |
| Operating profit (loss) | 9901 | €334,814 | €100,940 | -€233,874 | -69.9% |
| Financial income | 75/76B | €534 | €20 | -€515 | -96.3% |
| Recurring financial income | 75 | €534 | €20 | -€515 | -96.3% |
| Financial charges | 65/66B | €8,718 | €3,639 | -€5,079 | -58.3% |
| Recurring financial charges | 65 | €8,718 | €3,639 | -€5,079 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €326,631 | €97,321 | -€229,310 | -70.2% |
| Income taxes | 67/77 | €85,959 | €18,856 | -€67,102 | -78.1% |
| Profit (loss) for the period | 9904 | €240,672 | €78,464 | -€162,208 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €240,672 | €78,464 | -€162,208 | -67.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.