LUCA: 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.
LUCA
Largest movements
- Cash +€141,985
up €141,985 (+235%), from €60,383 to €202,368
mainly Current investments (+€120,000) and Net result for the year (+€52,975)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Tangible fixed assets -€6,058
down €6,058 (-88.9%), from €6,815 to €758
of which Furniture and vehicles: -€6,430
- Reserves +€18,080
up €18,080 (+10.3%), from €176,174 to €194,254
of which Distributable reserves: +€18,080
- Depreciation -€4,385
down €4,385 (-38.8%), from €11,317 to €6,932
- Gross operating margin +€2,316
up €2,316 (+2.8%), from €83,112 to €85,428
- Financial income -€1,557
down €1,557 (-64.5%), from €2,413 to €856
- Taxes +€1,452
up €1,452 (+6.0%), from €24,275 to €25,727
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 | €196,764 | €213,161 | +€16,398 | +8.3% |
| Fixed assets | 21/28 | €6,815 | €758 | -€6,058 | -88.9% |
| Tangible fixed assets | 22/27 | €6,815 | €758 | -€6,058 | -88.9% |
| Plant, machinery and equipment | 23 | €386 | €758 | +€372 | +96.5% |
| Furniture and vehicles | 24 | €6,430 | - | -€6,430 | |
| Current assets | 29/58 | €189,949 | €212,404 | +€22,455 | +11.8% |
| Amounts receivable within one year | 40/41 | €8,884 | €9,178 | +€294 | +3.3% |
| Trade receivables | 40 | €7,764 | €7,791 | +€27 | +0.4% |
| Other amounts receivable | 41 | €1,120 | €1,387 | +€267 | +23.8% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €60,383 | €202,368 | +€141,985 | +235% |
| Deferred charges and accrued income | 490/1 | €682 | €857 | +€176 | +25.7% |
| Total equity and liabilities | 10/49 | €196,764 | €213,161 | +€16,398 | +8.3% |
| Equity | 10/15 | €188,574 | €206,654 | +€18,080 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,174 | €194,254 | +€18,080 | +10.3% |
| Tax-exempt reserves | 132 | €850 | €850 | = | 0.0% |
| Distributable reserves | 133 | €175,324 | €193,404 | +€18,080 | +10.3% |
| Amounts payable | 17/49 | €8,190 | €6,507 | -€1,682 | -20.5% |
| Amounts payable within one year | 42/48 | €8,190 | €6,507 | -€1,682 | -20.5% |
| Trade debts | 44 | €3,367 | €4,038 | +€671 | +19.9% |
| Suppliers | 440/4 | €3,367 | €4,038 | +€671 | +19.9% |
| Taxes, remuneration and social security | 45 | €3,553 | €2,470 | -€1,083 | -30.5% |
| Taxes | 450/3 | €3,553 | €2,470 | -€1,083 | -30.5% |
| Other amounts payable | 47/48 | €1,270 | - | -€1,270 | |
| Non-recurring operating income | 76A | €938 | - | -€938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,317 | €6,932 | -€4,385 | -38.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €83,112 | €85,428 | +€2,316 | +2.8% |
| Operating profit (loss) | 9901 | €71,290 | €77,977 | +€6,687 | +9.4% |
| Financial income | 75/76B | €2,413 | €856 | -€1,557 | -64.5% |
| Recurring financial income | 75 | €2,413 | €856 | -€1,557 | -64.5% |
| Financial charges | 65/66B | €165 | €131 | -€34 | -20.5% |
| Recurring financial charges | 65 | €165 | €131 | -€34 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €73,538 | €78,702 | +€5,164 | +7.0% |
| Income taxes | 67/77 | €24,275 | €25,727 | +€1,452 | +6.0% |
| Profit (loss) for the period | 9904 | €49,263 | €52,975 | +€3,712 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,263 | €52,975 | +€3,712 | +7.5% |
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 20 October 2026 via checked.be.