LUC SPEECKE: 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 SPEECKE
Largest movements
- Tangible fixed assets -€6,500
down €6,500 (-4.1%), from €158,219 to €151,719
- Receivables within one year -€2,088
no longer reported in 2025 (was €2,088)
- Reserves -€7,798
down €7,798 (-11.3%), from €68,881 to €61,083
of which Distributable reserves: -€7,798
- Gross operating margin -€4,725
down €4,725 (-88.7%), from €5,328 to €602
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 | €162,415 | €153,373 | -€9,043 | -5.6% |
| Fixed assets | 21/28 | €158,219 | €151,719 | -€6,500 | -4.1% |
| Tangible fixed assets | 22/27 | €158,219 | €151,719 | -€6,500 | -4.1% |
| Land and buildings | 22 | €158,219 | €151,719 | -€6,500 | -4.1% |
| Current assets | 29/58 | €4,197 | €1,653 | -€2,543 | -60.6% |
| Amounts receivable within one year | 40/41 | €2,088 | - | -€2,088 | |
| Other amounts receivable | 41 | €2,088 | - | -€2,088 | |
| Cash at bank and in hand | 54/58 | €2,109 | €1,653 | -€455 | -21.6% |
| Total equity and liabilities | 10/49 | €162,415 | €153,373 | -€9,043 | -5.6% |
| Equity | 10/15 | €88,712 | €80,914 | -€7,798 | -8.8% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €68,881 | €61,083 | -€7,798 | -11.3% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,097 | €9,097 | = | 0.0% |
| Distributable reserves | 133 | €57,800 | €50,002 | -€7,798 | -13.5% |
| Amounts payable | 17/49 | €73,703 | €72,458 | -€1,245 | -1.7% |
| Amounts payable within one year | 42/48 | €73,703 | €72,458 | -€1,245 | -1.7% |
| Trade debts | 44 | €274 | €528 | +€254 | +92.9% |
| Suppliers | 440/4 | €274 | €528 | +€254 | +92.9% |
| Taxes, remuneration and social security | 45 | €18 | - | -€18 | |
| Taxes | 450/3 | €18 | - | -€18 | |
| Other amounts payable | 47/48 | €73,411 | €71,930 | -€1,481 | -2.0% |
| Non-recurring operating income | 76A | €8,274 | - | -€8,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,500 | €6,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,462 | €1,409 | -€53 | -3.6% |
| Non-recurring operating charges | 66A | €11,407 | €390 | -€11,018 | -96.6% |
| Gross operating margin | 9900 | €5,328 | €602 | -€4,725 | -88.7% |
| Operating profit (loss) | 9901 | -€14,041 | -€7,696 | +€6,345 | +45.2% |
| Financial charges | 65/66B | €132 | €101 | -€31 | -23.3% |
| Recurring financial charges | 65 | €132 | €101 | -€31 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,174 | -€7,798 | +€6,376 | +45.0% |
| Profit (loss) for the period | 9904 | -€14,174 | -€7,798 | +€6,376 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,174 | -€7,798 | +€6,376 | +45.0% |
Source: filed annual accounts (NBB), financial years ended 29 December 2024 and 29 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.