LUC BEYNE: 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 BEYNE
Largest movements
- Current investments +€20,000
up €20,000 (+16.7%), from €120,000 to €140,000
- Receivables within one year +€7,307
up €7,307 (+33.9%), from €21,581 to €28,888
of which Trade receivables: +€7,680
- Cash -€6,211
down €6,211 (-15.7%), from €39,469 to €33,258
mainly Current investments (-€20,000) and Receivables within one year (-€7,307)
- Reserves +€17,184
up €17,184 (+10.3%), from €166,830 to €184,014
- Trade debts +€4,139
up €4,139 (+2,388%), from €173 to €4,312
- Gross operating margin +€42,368
up €42,368, from -€26,888 to €15,480
- Financial income -€1,234
down €1,234 (-26.5%), from €4,661 to €3,427
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 | €182,661 | €204,541 | +€21,881 | +12.0% |
| Fixed assets | 21/28 | €131 | €0 | -€131 | -100% |
| Intangible fixed assets | 21 | €131 | €0 | -€131 | -100% |
| Current assets | 29/58 | €182,530 | €204,541 | +€22,011 | +12.1% |
| Stocks and contracts in progress | 3 | - | €977 | +€977 | |
| Stocks | 30/36 | - | €977 | +€977 | |
| Amounts receivable within one year | 40/41 | €21,581 | €28,888 | +€7,307 | +33.9% |
| Trade receivables | 40 | €0 | €7,680 | +€7,680 | |
| Other amounts receivable | 41 | €21,581 | €21,208 | -€373 | -1.7% |
| Current investments | 50/53 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €39,469 | €33,258 | -€6,211 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,418 | -€62 | -4.2% |
| Total equity and liabilities | 10/49 | €182,661 | €204,541 | +€21,881 | +12.0% |
| Equity | 10/15 | €179,230 | €196,414 | +€17,184 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,830 | €184,014 | +€17,184 | +10.3% |
| Distributable reserves | 133 | €166,830 | €184,014 | +€17,184 | +10.3% |
| Amounts payable | 17/49 | €3,431 | €8,127 | +€4,697 | +137% |
| Amounts payable within one year | 42/48 | €3,237 | €7,927 | +€4,691 | +145% |
| Trade debts | 44 | €173 | €4,312 | +€4,139 | +2,388% |
| Suppliers | 440/4 | €173 | €4,312 | +€4,139 | +2,388% |
| Taxes, remuneration and social security | 45 | €209 | €160 | -€49 | -23.3% |
| Taxes | 450/3 | €209 | €160 | -€49 | -23.3% |
| Other amounts payable | 47/48 | €2,855 | €3,455 | +€600 | +21.0% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €131 | -€162 | -55.3% |
| Other operating charges | 640/8 | €1,188 | €1,208 | +€20 | +1.7% |
| Gross operating margin | 9900 | -€26,888 | €15,480 | +€42,368 | |
| Operating profit (loss) | 9901 | -€28,368 | €14,141 | +€42,509 | |
| Financial income | 75/76B | €4,661 | €3,427 | -€1,234 | -26.5% |
| Recurring financial income | 75 | €4,661 | €3,427 | -€1,234 | -26.5% |
| Financial charges | 65/66B | €81 | €103 | +€22 | +27.5% |
| Recurring financial charges | 65 | €81 | €103 | +€22 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,789 | €17,464 | +€41,253 | |
| Income taxes | 67/77 | €286 | €281 | -€5 | -1.7% |
| Profit (loss) for the period | 9904 | -€24,074 | €17,184 | +€41,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,074 | €17,184 | +€41,258 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.