LUC AX CONSTRUCT: 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.
LUC AX CONSTRUCT
Largest movements
- Tangible fixed assets +€37,398
up €37,398 (+1332.3%), from €2,807 to €40,205
of which Leasing and similar rights: +€38,923
- Receivables within one year +€20,262
up €20,262 (+65.3%), from €31,047 to €51,309
of which Trade receivables: +€21,592
- Cash -€13,389
down €13,389 (-64.7%), from €20,707 to €7,318
mainly Investment in fixed assets (net) (-€45,977) and Receivables within one year (-€20,262)
- Debts after one year +€25,834
new in 2025: €25,834
- Profit (loss) carried forward +€15,875
up €15,875 (+64.3%), from €24,694 to €40,569
- Current portion of long-term debt +€6,837
new in 2025: €6,837
- Tax, wage and social debts -€4,539
down €4,539 (-35.4%), from €12,835 to €8,296
of which Remuneration and social security: -€5,063
- Trade debts +€1,151
up €1,151 (+14.6%), from €7,866 to €9,017
- Gross operating margin +€14,949
up €14,949 (+63.1%), from €23,682 to €38,631
- Depreciation +€7,836
up €7,836 (+1055.8%), from €742 to €8,579
- Financial charges +€2,089
up €2,089 (+472.1%), from €443 to €2,531
- Other operating charges -€1,466
down €1,466 (-72.8%), from €2,015 to €549
- Taxes +€565
up €565 (+14.8%), from €3,822 to €4,387
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.
Cash bridge derived
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 | €55,849 | €99,918 | +€44,069 | +78.9% |
| Fixed assets | 21/28 | €2,807 | €40,205 | +€37,398 | +1332.3% |
| Tangible fixed assets | 22/27 | €2,807 | €40,205 | +€37,398 | +1332.3% |
| Plant, machinery and equipment | 23 | €923 | €493 | -€430 | -46.6% |
| Furniture and vehicles | 24 | €1,884 | €789 | -€1,095 | -58.1% |
| Leasing and similar rights | 25 | - | €38,923 | +€38,923 | |
| Current assets | 29/58 | €53,042 | €59,713 | +€6,671 | +12.6% |
| Amounts receivable within one year | 40/41 | €31,047 | €51,309 | +€20,262 | +65.3% |
| Trade receivables | 40 | €29,670 | €51,262 | +€21,592 | +72.8% |
| Other amounts receivable | 41 | €1,377 | €47 | -€1,330 | -96.6% |
| Cash at bank and in hand | 54/58 | €20,707 | €7,318 | -€13,389 | -64.7% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,087 | -€202 | -15.7% |
| Total equity and liabilities | 10/49 | €55,849 | €99,918 | +€44,069 | +78.9% |
| Equity | 10/15 | €30,894 | €46,769 | +€15,875 | +51.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,694 | €40,569 | +€15,875 | +64.3% |
| Amounts payable | 17/49 | €24,955 | €53,149 | +€28,194 | +113.0% |
| Amounts payable after more than one year | 17 | - | €25,834 | +€25,834 | |
| Financial debts | 170/4 | - | €25,834 | +€25,834 | |
| Amounts payable within one year | 42/48 | €24,955 | €27,316 | +€2,361 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,837 | +€6,837 | |
| Trade debts | 44 | €7,866 | €9,017 | +€1,151 | +14.6% |
| Suppliers | 440/4 | €7,866 | €9,017 | +€1,151 | +14.6% |
| Taxes, remuneration and social security | 45 | €12,835 | €8,296 | -€4,539 | -35.4% |
| Taxes | 450/3 | €5,030 | €5,555 | +€524 | +10.4% |
| Remuneration and social security | 454/9 | €7,804 | €2,741 | -€5,063 | -64.9% |
| Other amounts payable | 47/48 | €4,254 | €3,165 | -€1,088 | -25.6% |
| Non-recurring operating income | 76A | €1,250 | - | -€1,250 | |
| Remuneration, social security and pensions | 62 | €6,480 | €6,711 | +€231 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €8,579 | +€7,836 | +1055.8% |
| Other operating charges | 640/8 | €2,015 | €549 | -€1,466 | -72.8% |
| Non-recurring operating charges | 66A | €121 | - | -€121 | |
| Gross operating margin | 9900 | €23,682 | €38,631 | +€14,949 | +63.1% |
| Operating profit (loss) | 9901 | €14,324 | €22,792 | +€8,468 | +59.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €443 | €2,531 | +€2,089 | +472.1% |
| Recurring financial charges | 65 | €443 | €2,531 | +€2,089 | +472.1% |
| Profit (loss) for the period before taxes | 9903 | €13,881 | €20,262 | +€6,380 | +46.0% |
| Income taxes | 67/77 | €3,822 | €4,387 | +€565 | +14.8% |
| Profit (loss) for the period | 9904 | €10,060 | €15,875 | +€5,815 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,060 | €15,875 | +€5,815 | +57.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.