LUC057: 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.
LUC057
Largest movements
- Tangible fixed assets -€117,117
down €117,117 (-19.3%), from €607,303 to €490,186
of which Land and buildings: -€125,809
- Debts after one year -€90,009
down €90,009 (-51.6%), from €174,508 to €84,500
of which Financial debts: -€87,909
- Other debts +€41,229
up €41,229 (+23.2%), from €177,839 to €219,068
- Reserves -€40,801
down €40,801 (-28.7%), from €141,940 to €101,139
of which Distributable reserves: -€137,940
- Current portion of long-term debt -€17,993
down €17,993 (-30.1%), from €59,754 to €41,761
- Other operating charges +€4,554
up €4,554 (+66.3%), from €6,865 to €11,419
- Gross operating margin +€3,913
up €3,913 (+4.1%), from €95,057 to €98,970
- Depreciation -€3,227
down €3,227 (-10.7%), from €30,284 to €27,057
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 | €619,512 | €504,247 | -€115,265 | -18.6% |
| Fixed assets | 21/28 | €607,303 | €490,186 | -€117,117 | -19.3% |
| Tangible fixed assets | 22/27 | €607,303 | €490,186 | -€117,117 | -19.3% |
| Land and buildings | 22 | €599,336 | €473,527 | -€125,809 | -21.0% |
| Plant, machinery and equipment | 23 | €4,506 | €826 | -€3,680 | -81.7% |
| Other tangible fixed assets | 26 | €3,462 | €15,833 | +€12,372 | +357% |
| Current assets | 29/58 | €12,208 | €14,061 | +€1,853 | +15.2% |
| Cash at bank and in hand | 54/58 | €12,208 | €14,061 | +€1,853 | +15.2% |
| Total equity and liabilities | 10/49 | €619,512 | €504,247 | -€115,265 | -18.6% |
| Equity | 10/15 | €181,940 | €141,139 | -€40,801 | -22.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €141,940 | €101,139 | -€40,801 | -28.7% |
| Non-distributable reserves | 130/1 | €4,000 | €101,139 | +€97,139 | +2,428% |
| Reserves not available under the articles | 1311 | €4,000 | €101,139 | +€97,139 | +2,428% |
| Distributable reserves | 133 | €137,940 | - | -€137,940 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €437,571 | €363,108 | -€74,464 | -17.0% |
| Amounts payable after more than one year | 17 | €174,508 | €84,500 | -€90,009 | -51.6% |
| Financial debts | 170/4 | €172,408 | €84,500 | -€87,909 | -51.0% |
| Other amounts payable | 178/9 | €2,100 | - | -€2,100 | |
| Amounts payable within one year | 42/48 | €263,063 | €278,608 | +€15,545 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €59,754 | €41,761 | -€17,993 | -30.1% |
| Trade debts | 44 | €5,090 | €0 | -€5,090 | -100% |
| Suppliers | 440/4 | €5,090 | €0 | -€5,090 | -100% |
| Taxes, remuneration and social security | 45 | €20,379 | €17,779 | -€2,601 | -12.8% |
| Taxes | 450/3 | €20,379 | €17,779 | -€2,601 | -12.8% |
| Other amounts payable | 47/48 | €177,839 | €219,068 | +€41,229 | +23.2% |
| Remuneration, social security and pensions | 62 | - | €456 | +€456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,284 | €27,057 | -€3,227 | -10.7% |
| Other operating charges | 640/8 | €6,865 | €11,419 | +€4,554 | +66.3% |
| Gross operating margin | 9900 | €95,057 | €98,970 | +€3,913 | +4.1% |
| Operating profit (loss) | 9901 | €57,908 | €60,039 | +€2,131 | +3.7% |
| Financial charges | 65/66B | €11,392 | €10,528 | -€864 | -7.6% |
| Recurring financial charges | 65 | €11,392 | €10,528 | -€864 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €46,516 | €49,511 | +€2,995 | +6.4% |
| Income taxes | 67/77 | €15,382 | €15,749 | +€368 | +2.4% |
| Profit (loss) for the period | 9904 | €31,135 | €33,762 | +€2,627 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,135 | €33,762 | +€2,627 | +8.4% |
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.