Luc & Co: 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 & Co
Largest movements
- Tangible fixed assets +€49,853
up €49,853 (+1,056%), from €4,720 to €54,573
of which Leasing and similar rights: +€39,729
- Cash -€3,757
down €3,757 (-16.7%), from €22,492 to €18,735
mainly Investment in fixed assets (net) (-€55,516) and Receivables within one year (-€2,102)
- Receivables within one year +€2,102
up €2,102 (+21.0%), from €10,000 to €12,102
- Deferred charges and accrued income +€1,257
up €1,257 (+57.4%), from €2,188 to €3,445
- Debts after one year +€31,097
new in 2025: €31,097
- Current portion of long-term debt +€8,078
new in 2025: €8,078
- Profit (loss) carried forward +€6,850
up €6,850 (+19,209%), from €36 to €6,886
- Tax, wage and social debts +€3,412
up €3,412 (+44.3%), from €7,710 to €11,122
- Other debts +€1,398
up €1,398 (+5.6%), from €25,121 to €26,519
- Gross operating margin +€14,359
up €14,359 (+382%), from €3,763 to €18,121
- Depreciation +€5,664
new in 2025: €5,664
- Taxes +€2,239
up €2,239 (+111%), from €2,021 to €4,260
- Other operating charges -€872
down €872 (-66.2%), from €1,317 to €445
- Financial charges +€513
up €513 (+132%), from €389 to €903
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 | €39,401 | €88,855 | +€49,455 | +126% |
| Fixed assets | 21/28 | €4,720 | €54,573 | +€49,853 | +1,056% |
| Tangible fixed assets | 22/27 | €4,720 | €54,573 | +€49,853 | +1,056% |
| Plant, machinery and equipment | 23 | €4,720 | €14,845 | +€10,124 | +214% |
| Leasing and similar rights | 25 | - | €39,729 | +€39,729 | |
| Current assets | 29/58 | €34,680 | €34,282 | -€398 | -1.1% |
| Amounts receivable within one year | 40/41 | €10,000 | €12,102 | +€2,102 | +21.0% |
| Trade receivables | 40 | €10,000 | €12,102 | +€2,102 | +21.0% |
| Cash at bank and in hand | 54/58 | €22,492 | €18,735 | -€3,757 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,188 | €3,445 | +€1,257 | +57.4% |
| Total equity and liabilities | 10/49 | €39,401 | €88,855 | +€49,455 | +126% |
| Equity | 10/15 | €4,036 | €10,886 | +€6,850 | +170% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36 | €6,886 | +€6,850 | +19,209% |
| Amounts payable | 17/49 | €35,365 | €77,970 | +€42,605 | +120% |
| Amounts payable after more than one year | 17 | - | €31,097 | +€31,097 | |
| Financial debts | 170/4 | - | €31,097 | +€31,097 | |
| Amounts payable within one year | 42/48 | €35,365 | €46,855 | +€11,490 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,078 | +€8,078 | |
| Trade debts | 44 | €2,534 | €1,137 | -€1,397 | -55.1% |
| Suppliers | 440/4 | €2,534 | €1,137 | -€1,397 | -55.1% |
| Taxes, remuneration and social security | 45 | €7,710 | €11,122 | +€3,412 | +44.3% |
| Taxes | 450/3 | €7,710 | €11,122 | +€3,412 | +44.3% |
| Other amounts payable | 47/48 | €25,121 | €26,519 | +€1,398 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,664 | +€5,664 | |
| Other operating charges | 640/8 | €1,317 | €445 | -€872 | -66.2% |
| Gross operating margin | 9900 | €3,763 | €18,121 | +€14,359 | +382% |
| Operating profit (loss) | 9901 | €2,446 | €12,013 | +€9,567 | +391% |
| Financial charges | 65/66B | €389 | €903 | +€513 | +132% |
| Recurring financial charges | 65 | €389 | €903 | +€513 | +132% |
| Profit (loss) for the period before taxes | 9903 | €2,056 | €11,110 | +€9,054 | +440% |
| Income taxes | 67/77 | €2,021 | €4,260 | +€2,239 | +111% |
| Profit (loss) for the period | 9904 | €36 | €6,850 | +€6,814 | +19,109% |
| Profit (loss) for the period to be appropriated | 9905 | €36 | €6,850 | +€6,814 | +19,109% |
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 20 October 2026 via checked.be.