LUC VIS: what changed
What changed
LUC VIS
NACE 46.323, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€83,293
2024 · €90,829-€7,536
Equity
€673,283
2024 · €589,990+€83,293
Cash
€542,788
2024 · €413,146+€129,642
Balance sheet total
€891,674
2024 · €803,702+€87,972
Largest movements
Assets
- Cash +€129,642
up €129,642 (+31.4%), from €413,146 to €542,788
mainly Net result for the year (+€83,293) and Depreciation (+€40,841)
- Tangible fixed assets -€29,828
down €29,828 (-8.3%), from €361,526 to €331,699
- Receivables within one year -€10,522
down €10,522 (-53.9%), from €19,531 to €9,009
of which Trade receivables: -€5,327
Equity and liabilities
- Reserves +€83,293
up €83,293 (+14.6%), from €571,390 to €654,683
- Other debts +€17,778
up €17,778 (+35.2%), from €50,465 to €68,243
- Debts after one year -€12,959
down €12,959 (-14.7%), from €88,302 to €75,344
Income statement
- Staff costs +€28,715
up €28,715 (+13.5%), from €213,436 to €242,151
- Gross operating margin +€14,068
up €14,068 (+3.5%), from €400,006 to €414,074
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.
Result 2024
€90,829
Gross operating margin
+€14,068
Staff costs
-€28,715
Depreciation
+€327
Write-downs
-€1,911
Other operating charges
+€1,377
Financial income
+€1,306
Financial charges
+€1,884
Taxes
+€4,128
Result 2025
€83,293
raises the resultlowers the result
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.
From operations
+€152,076
Investment
-€9,693
Financing
-€12,740
Cash 2024
€413,146
From operations (derived)
+€152,076
Net result for the year
+€83,293
Depreciation
+€40,841
Receivables within one year
+€10,522
Trade debts
-€1,227
Tax, wage and social debts
+€793
Advances received
+€75
Other debts
+€17,778
Investment (derived)
-€9,693
Investment in fixed assets (net)
-€9,693
Financing
-€12,740
Debts after one year
-€12,959
Current portion of long-term debt
+€218
Cash 2025
€542,788
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,702 | €891,674 | +€87,972 | +10.9% |
| Fixed assets | 21/28 | €367,322 | €336,174 | -€31,148 | -8.5% |
| Intangible fixed assets | 21 | €5,400 | €3,580 | -€1,820 | -33.7% |
| Tangible fixed assets | 22/27 | €361,526 | €331,699 | -€29,828 | -8.3% |
| Land and buildings | 22 | €325,246 | €310,472 | -€14,774 | -4.5% |
| Plant, machinery and equipment | 23 | €19,744 | €10,934 | -€8,810 | -44.6% |
| Furniture and vehicles | 24 | €16,536 | €10,292 | -€6,244 | -37.8% |
| Financial fixed assets | 28 | €396 | €896 | +€500 | +126% |
| Current assets | 29/58 | €436,379 | €555,499 | +€119,120 | +27.3% |
| Stocks and contracts in progress | 3 | €3,703 | €3,703 | = | 0.0% |
| Stocks | 30/36 | €3,703 | €3,703 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,531 | €9,009 | -€10,522 | -53.9% |
| Trade receivables | 40 | €11,175 | €5,849 | -€5,327 | -47.7% |
| Other amounts receivable | 41 | €8,356 | €3,160 | -€5,196 | -62.2% |
| Cash at bank and in hand | 54/58 | €413,146 | €542,788 | +€129,642 | +31.4% |
| Total equity and liabilities | 10/49 | €803,702 | €891,674 | +€87,972 | +10.9% |
| Equity | 10/15 | €589,990 | €673,283 | +€83,293 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,390 | €654,683 | +€83,293 | +14.6% |
| Distributable reserves | 133 | €571,390 | €654,683 | +€83,293 | +14.6% |
| Amounts payable | 17/49 | €213,711 | €218,390 | +€4,679 | +2.2% |
| Amounts payable after more than one year | 17 | €88,302 | €75,344 | -€12,959 | -14.7% |
| Financial debts | 170/4 | €88,302 | €75,344 | -€12,959 | -14.7% |
| Amounts payable within one year | 42/48 | €125,409 | €143,047 | +€17,638 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €12,740 | €12,959 | +€218 | +1.7% |
| Trade debts | 44 | €42,750 | €41,523 | -€1,227 | -2.9% |
| Suppliers | 440/4 | €42,750 | €41,523 | -€1,227 | -2.9% |
| Advances received on contracts in progress | 46 | €150 | €225 | +€75 | +50.0% |
| Taxes, remuneration and social security | 45 | €19,304 | €20,097 | +€793 | +4.1% |
| Taxes | 450/3 | €6,518 | €5,068 | -€1,449 | -22.2% |
| Remuneration and social security | 454/9 | €12,786 | €15,029 | +€2,243 | +17.5% |
| Other amounts payable | 47/48 | €50,465 | €68,243 | +€17,778 | +35.2% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Remuneration, social security and pensions | 62 | €213,436 | €242,151 | +€28,715 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,168 | €40,841 | -€327 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,911 | €0 | +€1,911 | |
| Other operating charges | 640/8 | €15,704 | €14,327 | -€1,377 | -8.8% |
| Gross operating margin | 9900 | €400,006 | €414,074 | +€14,068 | +3.5% |
| Operating profit (loss) | 9901 | €131,609 | €116,755 | -€14,854 | -11.3% |
| Financial income | 75/76B | €2,453 | €3,759 | +€1,306 | +53.3% |
| Recurring financial income | 75 | €2,453 | €3,759 | +€1,306 | +53.3% |
| Financial charges | 65/66B | €7,047 | €5,163 | -€1,884 | -26.7% |
| Recurring financial charges | 65 | €7,047 | €5,163 | -€1,884 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €127,016 | €115,352 | -€11,664 | -9.2% |
| Income taxes | 67/77 | €36,187 | €32,059 | -€4,128 | -11.4% |
| Profit (loss) for the period | 9904 | €90,829 | €83,293 | -€7,536 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,829 | €83,293 | -€7,536 | -8.3% |
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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 3 November 2026 via checked.be.