LUC DECROOS: 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 DECROOS
Largest movements
- Tangible fixed assets -€89,199
down €89,199 (-7.5%), from €1.2m to €1.1m
of which Land and buildings: -€84,282
- Receivables within one year -€30,289
down €30,289 (-60.3%), from €50,194 to €19,905
of which Trade receivables: -€35,279
- Cash -€20,293
no longer reported in 2025 (was €20,293)
mainly Debts after one year (-€84,305) and Other debts (-€54,037)
- Debts after one year -€84,305
down €84,305 (-7.4%), from €1.1m to €1.1m
- Other debts -€54,037
down €54,037 (-99.2%), from €54,452 to €415
- Trade debts -€48,790
down €48,790 (-21.7%), from €225,252 to €176,462
- Tax, wage and social debts +€19,924
up €19,924 (+25.7%), from €77,417 to €97,341
of which Taxes: +€17,545
- Short-term financial debts +€17,366
new in 2025: €17,366
- Turnover +€175,891
up €175,891 (+25.2%), from €698,971 to €874,862
- Purchases and services +€88,608
up €88,608 (+24.0%), from €368,637 to €457,245
- Gross operating margin +€87,283
up €87,283 (+26.4%), from €330,334 to €417,617
- Staff costs +€57,485
up €57,485 (+32.1%), from €179,237 to €236,722
- Other operating charges +€27,972
up €27,972 (+270%), from €10,355 to €38,327
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 | €1,264,406 | €1,124,625 | -€139,781 | -11.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,183,427 | €1,094,228 | -€89,199 | -7.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,183,427 | €1,094,228 | -€89,199 | -7.5% |
| Land and buildings | 22 | €1,073,531 | €989,249 | -€84,282 | -7.9% |
| Plant, machinery and equipment | 23 | €103,970 | €88,796 | -€15,174 | -14.6% |
| Furniture and vehicles | 24 | €5,926 | €16,183 | +€10,257 | +173% |
| Current assets | 29/58 | €80,979 | €30,397 | -€50,582 | -62.5% |
| Stocks and contracts in progress | 3 | €10,492 | €10,492 | +€0 | 0.0% |
| Stocks | 30/36 | €10,492 | €10,492 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €50,194 | €19,905 | -€30,289 | -60.3% |
| Trade receivables | 40 | €49,082 | €13,803 | -€35,279 | -71.9% |
| Other amounts receivable | 41 | €1,112 | €6,102 | +€4,990 | +449% |
| Cash at bank and in hand | 54/58 | €20,293 | - | -€20,293 | |
| Total equity and liabilities | 10/49 | €1,264,406 | €1,124,625 | -€139,781 | -11.1% |
| Equity | 10/15 | -€315,012 | -€303,857 | +€11,155 | +3.5% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€485,012 | -€473,857 | +€11,155 | +2.3% |
| Amounts payable | 17/49 | €1,579,418 | €1,428,482 | -€150,936 | -9.6% |
| Amounts payable after more than one year | 17 | €1,134,632 | €1,050,327 | -€84,305 | -7.4% |
| Financial debts | 170/4 | €1,134,632 | €1,050,327 | -€84,305 | -7.4% |
| Amounts payable within one year | 42/48 | €444,786 | €378,155 | -€66,631 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €87,665 | €86,571 | -€1,094 | -1.2% |
| Financial debts | 43 | - | €17,366 | +€17,366 | |
| Credit institutions | 430/8 | - | €17,366 | +€17,366 | |
| Trade debts | 44 | €225,252 | €176,462 | -€48,790 | -21.7% |
| Suppliers | 440/4 | €225,252 | €176,462 | -€48,790 | -21.7% |
| Taxes, remuneration and social security | 45 | €77,417 | €97,341 | +€19,924 | +25.7% |
| Taxes | 450/3 | €16,738 | €34,283 | +€17,545 | +105% |
| Remuneration and social security | 454/9 | €60,679 | €63,058 | +€2,379 | +3.9% |
| Other amounts payable | 47/48 | €54,452 | €415 | -€54,037 | -99.2% |
| Turnover | 70 | €698,971 | €874,862 | +€175,891 | +25.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €368,637 | €457,245 | +€88,608 | +24.0% |
| Remuneration, social security and pensions | 62 | €179,237 | €236,722 | +€57,485 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,986 | €107,199 | +€2,213 | +2.1% |
| Other operating charges | 640/8 | €10,355 | €38,327 | +€27,972 | +270% |
| Gross operating margin | 9900 | €330,334 | €417,617 | +€87,283 | +26.4% |
| Operating profit (loss) | 9901 | €35,756 | €35,369 | -€387 | -1.1% |
| Financial income | 75/76B | €2,725 | - | -€2,725 | |
| Recurring financial income | 75 | €2,725 | - | -€2,725 | |
| Financial charges | 65/66B | €21,136 | €24,214 | +€3,078 | +14.6% |
| Recurring financial charges | 65 | €21,136 | €24,214 | +€3,078 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €17,345 | €11,155 | -€6,190 | -35.7% |
| Profit (loss) for the period | 9904 | €17,345 | €11,155 | -€6,190 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,345 | €11,155 | -€6,190 | -35.7% |
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 18 October 2026 via checked.be.