LUC IMAG: 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 IMAG
Largest movements
- Cash -€21,493
down €21,493 (-60.2%), from €35,673 to €14,180
mainly Contributions, distributions and other (-€24,390) and Debts after one year (-€10,309)
- Tangible fixed assets -€10,355
down €10,355 (-19.7%), from €52,594 to €42,239
of which Furniture and vehicles: -€9,776
- Receivables within one year -€5,131
down €5,131 (-8.5%), from €60,376 to €55,245
of which Trade receivables: -€5,611
- Profit (loss) carried forward -€12,476
down €12,476 (-25.0%), from €49,921 to €37,446
- Debts after one year -€10,309
down €10,309 (-25.1%), from €41,104 to €30,795
- Other debts -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Tax, wage and social debts -€2,249
down €2,249 (-21.1%), from €10,659 to €8,410
- Trade debts -€1,666
down €1,666 (-55.9%), from €2,984 to €1,317
- Depreciation +€7,872
up €7,872 (+154%), from €5,124 to €12,996
- Gross operating margin -€4,856
down €4,856 (-12.8%), from €37,946 to €33,090
- Financial charges -€3,657
down €3,657 (-47.8%), from €7,657 to €3,999
- Taxes -€1,935
down €1,935 (-35.4%), from €5,469 to €3,534
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,536 | €113,277 | -€36,259 | -24.2% |
| Fixed assets | 21/28 | €52,594 | €42,239 | -€10,355 | -19.7% |
| Tangible fixed assets | 22/27 | €52,594 | €42,239 | -€10,355 | -19.7% |
| Plant, machinery and equipment | 23 | €2,441 | €1,862 | -€579 | -23.7% |
| Furniture and vehicles | 24 | €50,153 | €40,377 | -€9,776 | -19.5% |
| Current assets | 29/58 | €96,941 | €71,038 | -€25,903 | -26.7% |
| Amounts receivable within one year | 40/41 | €60,376 | €55,245 | -€5,131 | -8.5% |
| Trade receivables | 40 | €53,938 | €48,326 | -€5,611 | -10.4% |
| Other amounts receivable | 41 | €6,438 | €6,919 | +€481 | +7.5% |
| Cash at bank and in hand | 54/58 | €35,673 | €14,180 | -€21,493 | -60.2% |
| Deferred charges and accrued income | 490/1 | €893 | €1,613 | +€720 | +80.7% |
| Total equity and liabilities | 10/49 | €149,536 | €113,277 | -€36,259 | -24.2% |
| Equity | 10/15 | €54,921 | €42,446 | -€12,476 | -22.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,921 | €37,446 | -€12,476 | -25.0% |
| Amounts payable | 17/49 | €94,614 | €70,831 | -€23,783 | -25.1% |
| Amounts payable after more than one year | 17 | €41,104 | €30,795 | -€10,309 | -25.1% |
| Financial debts | 170/4 | €41,104 | €30,795 | -€10,309 | -25.1% |
| Amounts payable within one year | 42/48 | €53,510 | €40,037 | -€13,473 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €9,867 | €10,309 | +€442 | +4.5% |
| Trade debts | 44 | €2,984 | €1,317 | -€1,666 | -55.9% |
| Suppliers | 440/4 | €2,984 | €1,317 | -€1,666 | -55.9% |
| Taxes, remuneration and social security | 45 | €10,659 | €8,410 | -€2,249 | -21.1% |
| Taxes | 450/3 | €10,659 | €8,410 | -€2,249 | -21.1% |
| Other amounts payable | 47/48 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,124 | €12,996 | +€7,872 | +154% |
| Other operating charges | 640/8 | €450 | €794 | +€344 | +76.3% |
| Gross operating margin | 9900 | €37,946 | €33,090 | -€4,856 | -12.8% |
| Operating profit (loss) | 9901 | €32,371 | €19,300 | -€13,071 | -40.4% |
| Financial income | 75/76B | €7 | €148 | +€141 | +1,913% |
| Recurring financial income | 75 | €7 | €148 | +€141 | +1,913% |
| Financial charges | 65/66B | €7,657 | €3,999 | -€3,657 | -47.8% |
| Recurring financial charges | 65 | €7,657 | €3,999 | -€3,657 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €24,722 | €15,449 | -€9,273 | -37.5% |
| Income taxes | 67/77 | €5,469 | €3,534 | -€1,935 | -35.4% |
| Profit (loss) for the period | 9904 | €19,253 | €11,915 | -€7,338 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,253 | €11,915 | -€7,338 | -38.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.