LUC DURANT: what changed
LUC DURANT
Largest movements
- Tangible fixed assets -€21,315
down €21,315 (-24.0%), from €88,682 to €67,367
of which Furniture and vehicles: -€14,468
- Receivables within one year -€4,846
down €4,846 (-46.9%), from €10,329 to €5,484
of which Trade receivables: -€5,369
- Cash -€3,053
down €3,053 (-66.5%), from €4,589 to €1,535
mainly Debts after one year (-€19,048) and Net result for the year (-€6,341)
- Debts after one year -€19,048
down €19,048 (-59.2%), from €32,196 to €13,147
- Profit (loss) carried forward -€6,341
down €6,341 (-71.8%), from €8,832 to €2,491
- Other debts -€4,734
down €4,734 (-23.7%), from €20,005 to €15,270
- Depreciation +€11,352
up €11,352 (+103%), from €11,061 to €22,413
- Gross operating margin +€4,996
up €4,996 (+35.1%), from €14,218 to €19,214
- Taxes -€464
no longer reported in 2025 (was €464)
- Financial charges +€296
up €296 (+21.8%), from €1,359 to €1,655
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,182 | €75,035 | -€30,147 | -28.7% |
| Fixed assets | 21/28 | €88,682 | €67,367 | -€21,315 | -24.0% |
| Tangible fixed assets | 22/27 | €88,682 | €67,367 | -€21,315 | -24.0% |
| Land and buildings | 22 | €45,091 | €38,771 | -€6,321 | -14.0% |
| Plant, machinery and equipment | 23 | €1,128 | €602 | -€527 | -46.7% |
| Furniture and vehicles | 24 | €42,463 | €27,995 | -€14,468 | -34.1% |
| Current assets | 29/58 | €16,499 | €7,668 | -€8,832 | -53.5% |
| Amounts receivable within one year | 40/41 | €10,329 | €5,484 | -€4,846 | -46.9% |
| Trade receivables | 40 | €9,331 | €3,962 | -€5,369 | -57.5% |
| Other amounts receivable | 41 | €998 | €1,521 | +€523 | +52.5% |
| Cash at bank and in hand | 54/58 | €4,589 | €1,535 | -€3,053 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,582 | €649 | -€933 | -59.0% |
| Total equity and liabilities | 10/49 | €105,182 | €75,035 | -€30,147 | -28.7% |
| Equity | 10/15 | €29,283 | €22,942 | -€6,341 | -21.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,832 | €2,491 | -€6,341 | -71.8% |
| Amounts payable | 17/49 | €75,899 | €52,093 | -€23,806 | -31.4% |
| Amounts payable after more than one year | 17 | €32,196 | €13,147 | -€19,048 | -59.2% |
| Financial debts | 170/4 | €32,196 | €13,147 | -€19,048 | -59.2% |
| Amounts payable within one year | 42/48 | €43,703 | €38,945 | -€4,758 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €18,782 | €19,048 | +€266 | +1.4% |
| Trade debts | 44 | €4,656 | €4,366 | -€290 | -6.2% |
| Suppliers | 440/4 | €4,656 | €4,366 | -€290 | -6.2% |
| Taxes, remuneration and social security | 45 | €261 | €261 | = | 0.0% |
| Taxes | 450/3 | €261 | €261 | = | 0.0% |
| Other amounts payable | 47/48 | €20,005 | €15,270 | -€4,734 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,061 | €22,413 | +€11,352 | +103% |
| Other operating charges | 640/8 | €1,447 | €1,488 | +€40 | +2.8% |
| Gross operating margin | 9900 | €14,218 | €19,214 | +€4,996 | +35.1% |
| Operating profit (loss) | 9901 | €1,710 | -€4,686 | -€6,396 | |
| Financial income | 75/76B | €152 | - | -€152 | |
| Recurring financial income | 75 | €152 | - | -€152 | |
| Financial charges | 65/66B | €1,359 | €1,655 | +€296 | +21.8% |
| Recurring financial charges | 65 | €1,359 | €1,655 | +€296 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €503 | -€6,341 | -€6,844 | |
| Income taxes | 67/77 | €464 | - | -€464 | |
| Profit (loss) for the period | 9904 | €39 | -€6,341 | -€6,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €39 | -€6,341 | -€6,380 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.