LUCAFIN: 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.
LUCAFIN
Largest movements
- Receivables within one year -€19,669
down €19,669 (-19.0%), from €103,280 to €83,610
of which Other amounts receivable: -€12,609
- Tangible fixed assets -€17,906
down €17,906 (-4.9%), from €365,823 to €347,917
of which Furniture and vehicles: -€15,871
- Debts after one year -€47,700
down €47,700 (-20.4%), from €233,860 to €186,160
- Reserves +€16,000
up €16,000 (+21.6%), from €74,100 to €90,100
of which Distributable reserves: +€16,000
- Tax, wage and social debts -€14,035
down €14,035 (-32.3%), from €43,432 to €29,397
of which Taxes: -€10,533
- Current portion of long-term debt -€9,817
down €9,817 (-13.7%), from €71,896 to €62,079
- Trade debts +€9,190
up €9,190 (+193%), from €4,760 to €13,950
- Staff costs +€20,597
up €20,597 (+12.6%), from €163,407 to €184,004
- Gross operating margin +€20,126
up €20,126 (+7.9%), from €256,194 to €276,320
- Depreciation -€5,486
down €5,486 (-12.0%), from €45,688 to €40,202
- Other operating charges -€4,808
down €4,808 (-49.4%), from €9,741 to €4,933
- Taxes +€4,655
up €4,655 (+30.1%), from €15,477 to €20,132
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 | €474,154 | €434,693 | -€39,461 | -8.3% |
| Fixed assets | 21/28 | €365,823 | €347,917 | -€17,906 | -4.9% |
| Tangible fixed assets | 22/27 | €365,823 | €347,917 | -€17,906 | -4.9% |
| Land and buildings | 22 | €279,830 | €282,834 | +€3,004 | +1.1% |
| Plant, machinery and equipment | 23 | €13,234 | €10,580 | -€2,654 | -20.1% |
| Furniture and vehicles | 24 | €62,084 | €46,212 | -€15,871 | -25.6% |
| Other tangible fixed assets | 26 | €10,675 | €8,290 | -€2,385 | -22.3% |
| Current assets | 29/58 | €108,332 | €86,776 | -€21,555 | -19.9% |
| Amounts receivable within one year | 40/41 | €103,280 | €83,610 | -€19,669 | -19.0% |
| Trade receivables | 40 | €48,927 | €41,867 | -€7,060 | -14.4% |
| Other amounts receivable | 41 | €54,353 | €41,744 | -€12,609 | -23.2% |
| Cash at bank and in hand | 54/58 | €2,516 | €81 | -€2,435 | -96.8% |
| Deferred charges and accrued income | 490/1 | €2,535 | €3,085 | +€549 | +21.7% |
| Total equity and liabilities | 10/49 | €474,154 | €434,693 | -€39,461 | -8.3% |
| Equity | 10/15 | €113,262 | €129,440 | +€16,178 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,100 | €90,100 | +€16,000 | +21.6% |
| Tax-exempt reserves | 132 | €27,100 | €27,100 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €63,000 | +€16,000 | +34.0% |
| Profit (loss) carried forward | 14 | €32,962 | €33,140 | +€178 | +0.5% |
| Amounts payable | 17/49 | €360,892 | €305,253 | -€55,639 | -15.4% |
| Amounts payable after more than one year | 17 | €233,860 | €186,160 | -€47,700 | -20.4% |
| Financial debts | 170/4 | €233,860 | €186,160 | -€47,700 | -20.4% |
| Amounts payable within one year | 42/48 | €125,146 | €117,206 | -€7,940 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €71,896 | €62,079 | -€9,817 | -13.7% |
| Financial debts | 43 | €5,057 | €11,779 | +€6,722 | +133% |
| Credit institutions | 430/8 | €5,057 | €11,779 | +€6,722 | +133% |
| Trade debts | 44 | €4,760 | €13,950 | +€9,190 | +193% |
| Suppliers | 440/4 | €4,760 | €13,950 | +€9,190 | +193% |
| Taxes, remuneration and social security | 45 | €43,432 | €29,397 | -€14,035 | -32.3% |
| Taxes | 450/3 | €15,900 | €5,367 | -€10,533 | -66.2% |
| Remuneration and social security | 454/9 | €27,532 | €24,030 | -€3,502 | -12.7% |
| Accrued charges and deferred income | 492/3 | €1,887 | €1,887 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €163,407 | €184,004 | +€20,597 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,688 | €40,202 | -€5,486 | -12.0% |
| Other operating charges | 640/8 | €9,741 | €4,933 | -€4,808 | -49.4% |
| Gross operating margin | 9900 | €256,194 | €276,320 | +€20,126 | +7.9% |
| Operating profit (loss) | 9901 | €37,359 | €47,181 | +€9,822 | +26.3% |
| Financial income | 75/76B | €3,000 | €2,722 | -€279 | -9.3% |
| Recurring financial income | 75 | €3,000 | €2,722 | -€279 | -9.3% |
| Financial charges | 65/66B | €13,622 | €13,593 | -€29 | -0.2% |
| Recurring financial charges | 65 | €13,622 | €13,593 | -€29 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €26,737 | €36,310 | +€9,573 | +35.8% |
| Income taxes | 67/77 | €15,477 | €20,132 | +€4,655 | +30.1% |
| Profit (loss) for the period | 9904 | €11,260 | €16,178 | +€4,918 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,260 | €16,178 | +€4,918 | +43.7% |
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.