LUC BERO: 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 BERO
Largest movements
- Receivables within one year -€27,345
down €27,345 (-40.6%), from €67,284 to €39,939
of which Trade receivables: -€28,469
- Cash -€25,398
down €25,398 (-10.8%), from €234,523 to €209,125
mainly Net result for the year (-€31,372) and Trade debts (-€16,647)
- Profit (loss) carried forward -€31,372
down €31,372 (-51.0%), from €61,495 to €30,123
- Trade debts -€16,647
down €16,647 (-94.4%), from €17,630 to €983
- Other debts -€4,532
down €4,532 (-24.6%), from €18,447 to €13,915
- Gross operating margin -€23,315
down €23,315, from €3,375 to -€19,941
- Write-downs +€6,968
new in 2025: €6,968
- Staff costs +€1,236
up €1,236 (+151%), from €819 to €2,055
- Other operating charges -€1,134
down €1,134 (-42.7%), from €2,656 to €1,523
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 | €304,003 | €251,314 | -€52,689 | -17.3% |
| Fixed assets | 21/28 | €2,196 | €1,660 | -€536 | -24.4% |
| Tangible fixed assets | 22/27 | €1,096 | €560 | -€536 | -48.9% |
| Furniture and vehicles | 24 | €1,096 | €560 | -€536 | -48.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €301,807 | €249,654 | -€52,154 | -17.3% |
| Amounts receivable within one year | 40/41 | €67,284 | €39,939 | -€27,345 | -40.6% |
| Trade receivables | 40 | €59,361 | €30,892 | -€28,469 | -48.0% |
| Other amounts receivable | 41 | €7,923 | €9,047 | +€1,124 | +14.2% |
| Cash at bank and in hand | 54/58 | €234,523 | €209,125 | -€25,398 | -10.8% |
| Deferred charges and accrued income | 490/1 | - | €589 | +€589 | |
| Total equity and liabilities | 10/49 | €304,003 | €251,314 | -€52,689 | -17.3% |
| Equity | 10/15 | €267,532 | €236,160 | -€31,372 | -11.7% |
| Contributions | 10/11 | €127,697 | €127,697 | = | 0.0% |
| Reserves | 13 | €78,339 | €78,339 | = | 0.0% |
| Distributable reserves | 133 | €78,339 | €78,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,495 | €30,123 | -€31,372 | -51.0% |
| Amounts payable | 17/49 | €36,472 | €15,154 | -€21,317 | -58.4% |
| Amounts payable within one year | 42/48 | €36,472 | €15,154 | -€21,317 | -58.4% |
| Trade debts | 44 | €17,630 | €983 | -€16,647 | -94.4% |
| Suppliers | 440/4 | €17,630 | €983 | -€16,647 | -94.4% |
| Taxes, remuneration and social security | 45 | €395 | €256 | -€138 | -35.1% |
| Taxes | 450/3 | €395 | €256 | -€138 | -35.1% |
| Other amounts payable | 47/48 | €18,447 | €13,915 | -€4,532 | -24.6% |
| Non-recurring operating income | 76A | €366 | €3,733 | +€3,367 | +921% |
| Remuneration, social security and pensions | 62 | €819 | €2,055 | +€1,236 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €536 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,968 | +€6,968 | |
| Other operating charges | 640/8 | €2,656 | €1,523 | -€1,134 | -42.7% |
| Gross operating margin | 9900 | €3,375 | -€19,941 | -€23,315 | |
| Operating profit (loss) | 9901 | -€636 | -€31,022 | -€30,386 | -4,774% |
| Financial income | 75/76B | €0 | €1 | +€0 | +70.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +70.0% |
| Financial charges | 65/66B | €341 | €350 | +€9 | +2.6% |
| Recurring financial charges | 65 | €341 | €350 | +€9 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€978 | -€31,372 | -€30,394 | -3,109% |
| Profit (loss) for the period | 9904 | -€978 | -€31,372 | -€30,394 | -3,109% |
| Profit (loss) for the period to be appropriated | 9905 | -€978 | -€31,372 | -€30,394 | -3,109% |
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 25 October 2026 via checked.be.