LUC SERVICE: 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 SERVICE
Largest movements
- Cash +€84,743
up €84,743 (+62.2%), from €136,312 to €221,055
mainly Net result for the year (+€56,491) and Depreciation (+€54,693)
- Tangible fixed assets -€54,321
down €54,321 (-20.6%), from €264,177 to €209,856
- Receivables within one year -€9,252
down €9,252 (-21.4%), from €43,260 to €34,007
of which Trade receivables: -€9,699
- Reserves +€55,658
up €55,658 (+18.3%), from €304,922 to €360,580
of which Distributable reserves: +€55,658
- Debts after one year -€37,507
down €37,507 (-35.9%), from €104,584 to €67,077
- Other debts +€18,085
up €18,085 (+123%), from €14,723 to €32,809
- Current portion of long-term debt -€10,195
down €10,195 (-28.6%), from €35,627 to €25,431
- Trade debts -€5,808
down €5,808 (-21.5%), from €26,971 to €21,163
- Depreciation -€18,902
down €18,902 (-25.7%), from €73,595 to €54,693
- Taxes +€7,630
up €7,630 (+52.6%), from €14,496 to €22,126
- Gross operating margin +€7,627
up €7,627 (+5.6%), from €136,543 to €144,170
- Financial income +€2,886
up €2,886 (+477%), from €605 to €3,491
- Other operating charges +€2,675
up €2,675 (+89.2%), from €2,999 to €5,674
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 | €509,816 | €531,038 | +€21,222 | +4.2% |
| Fixed assets | 21/28 | €264,790 | €210,097 | -€54,693 | -20.7% |
| Intangible fixed assets | 21 | €613 | €241 | -€372 | -60.6% |
| Tangible fixed assets | 22/27 | €264,177 | €209,856 | -€54,321 | -20.6% |
| Land and buildings | 22 | €179,849 | €158,436 | -€21,413 | -11.9% |
| Plant, machinery and equipment | 23 | €26,435 | €17,928 | -€8,507 | -32.2% |
| Furniture and vehicles | 24 | €57,894 | €33,492 | -€24,402 | -42.1% |
| Current assets | 29/58 | €245,027 | €320,942 | +€75,915 | +31.0% |
| Stocks and contracts in progress | 3 | €34,110 | €32,965 | -€1,145 | -3.4% |
| Stocks | 30/36 | €34,110 | €32,965 | -€1,145 | -3.4% |
| Amounts receivable within one year | 40/41 | €43,260 | €34,007 | -€9,252 | -21.4% |
| Trade receivables | 40 | €42,919 | €33,220 | -€9,699 | -22.6% |
| Other amounts receivable | 41 | €341 | €787 | +€446 | +131% |
| Current investments | 50/53 | €25,488 | €25,742 | +€254 | +1.0% |
| Cash at bank and in hand | 54/58 | €136,312 | €221,055 | +€84,743 | +62.2% |
| Deferred charges and accrued income | 490/1 | €5,857 | €7,173 | +€1,316 | +22.5% |
| Total equity and liabilities | 10/49 | €509,816 | €531,038 | +€21,222 | +4.2% |
| Equity | 10/15 | €317,322 | €372,980 | +€55,658 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €304,922 | €360,580 | +€55,658 | +18.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €303,062 | €358,720 | +€55,658 | +18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €192,494 | €158,058 | -€34,436 | -17.9% |
| Amounts payable after more than one year | 17 | €104,584 | €67,077 | -€37,507 | -35.9% |
| Financial debts | 170/4 | €104,584 | €67,077 | -€37,507 | -35.9% |
| Amounts payable within one year | 42/48 | €87,146 | €89,425 | +€2,279 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €35,627 | €25,431 | -€10,195 | -28.6% |
| Trade debts | 44 | €26,971 | €21,163 | -€5,808 | -21.5% |
| Suppliers | 440/4 | €26,971 | €21,163 | -€5,808 | -21.5% |
| Taxes, remuneration and social security | 45 | €9,825 | €10,023 | +€198 | +2.0% |
| Taxes | 450/3 | €9,825 | €10,023 | +€198 | +2.0% |
| Other amounts payable | 47/48 | €14,723 | €32,809 | +€18,085 | +123% |
| Accrued charges and deferred income | 492/3 | €764 | €1,556 | +€792 | +104% |
| Non-recurring operating income | 76A | €0 | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,595 | €54,693 | -€18,902 | -25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,001 | +€2,001 | |
| Other operating charges | 640/8 | €2,999 | €5,674 | +€2,675 | +89.2% |
| Gross operating margin | 9900 | €136,543 | €144,170 | +€7,627 | +5.6% |
| Operating profit (loss) | 9901 | €59,950 | €81,803 | +€21,853 | +36.5% |
| Financial income | 75/76B | €605 | €3,491 | +€2,886 | +477% |
| Recurring financial income | 75 | €605 | €3,491 | +€2,886 | +477% |
| Financial charges | 65/66B | €8,877 | €6,676 | -€2,201 | -24.8% |
| Recurring financial charges | 65 | €8,877 | €6,676 | -€2,201 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €51,678 | €78,617 | +€26,940 | +52.1% |
| Income taxes | 67/77 | €14,496 | €22,126 | +€7,630 | +52.6% |
| Profit (loss) for the period | 9904 | €37,181 | €56,491 | +€19,310 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,181 | €56,491 | +€19,310 | +51.9% |
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 26 October 2026 via checked.be.