LUCALE 29: 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.
LUCALE 29
Largest movements
- Cash -€94,467
down €94,467 (-21.8%), from €433,223 to €338,756
mainly Investment in fixed assets (net) (-€158,881) and Accrued charges and deferred income (-€52,972)
- Tangible fixed assets +€57,312
up €57,312 (+22.1%), from €258,841 to €316,154
of which Furniture and vehicles: +€55,128
- Intangible fixed assets -€51,878
down €51,878 (-67.5%), from €76,878 to €25,000
- Receivables within one year +€46,793
up €46,793 (+6.4%), from €733,147 to €779,940
of which Other amounts receivable: +€161,275
- Tax, wage and social debts +€59,480
up €59,480 (+11.5%), from €517,648 to €577,128
of which Remuneration and social security: +€71,585
- Accrued charges and deferred income -€52,972
down €52,972 (-99.9%), from €53,029 to €57
- Debts after one year -€48,134
down €48,134 (-17.0%), from €282,949 to €234,815
- Profit (loss) carried forward +€37,194
up €37,194 (+29.3%), from -€126,905 to -€89,711
- Current portion of long-term debt -€23,157
down €23,157 (-8.2%), from €282,173 to €259,016
- Staff costs +€237,688
up €237,688 (+9.7%), from €2.4m to €2.7m
- Gross operating margin +€83,099
up €83,099 (+3.0%), from €2.8m to €2.9m
- Provisions -€53,000
new in 2025: -€53,000
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 | €1,775,216 | €1,722,887 | -€52,329 | -2.9% |
| Formation expenses | 20 | €260,517 | €249,657 | -€10,860 | -4.2% |
| Fixed assets | 21/28 | €336,579 | €342,013 | +€5,434 | +1.6% |
| Intangible fixed assets | 21 | €76,878 | €25,000 | -€51,878 | -67.5% |
| Tangible fixed assets | 22/27 | €258,841 | €316,154 | +€57,312 | +22.1% |
| Plant, machinery and equipment | 23 | €52,368 | €68,693 | +€16,325 | +31.2% |
| Furniture and vehicles | 24 | €163,783 | €218,911 | +€55,128 | +33.7% |
| Leasing and similar rights | 25 | €10,506 | - | -€10,506 | |
| Other tangible fixed assets | 26 | €32,185 | €28,550 | -€3,634 | -11.3% |
| Financial fixed assets | 28 | €859 | €859 | = | 0.0% |
| Current assets | 29/58 | €1,178,120 | €1,131,217 | -€46,903 | -4.0% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €733,147 | €779,940 | +€46,793 | +6.4% |
| Trade receivables | 40 | €493,647 | €379,164 | -€114,482 | -23.2% |
| Other amounts receivable | 41 | €239,500 | €400,775 | +€161,275 | +67.3% |
| Cash at bank and in hand | 54/58 | €433,223 | €338,756 | -€94,467 | -21.8% |
| Deferred charges and accrued income | 490/1 | €4,250 | €5,021 | +€771 | +18.1% |
| Total equity and liabilities | 10/49 | €1,775,216 | €1,722,887 | -€52,329 | -2.9% |
| Equity | 10/15 | €28,530 | €65,724 | +€37,194 | +130% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €30,435 | €30,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,725 | €4,725 | = | 0.0% |
| Legal reserve | 130 | €4,725 | €4,725 | = | 0.0% |
| Distributable reserves | 133 | €25,710 | €25,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,905 | -€89,711 | +€37,194 | +29.3% |
| Amounts payable | 17/49 | €1,746,686 | €1,657,163 | -€89,523 | -5.1% |
| Amounts payable after more than one year | 17 | €282,949 | €234,815 | -€48,134 | -17.0% |
| Financial debts | 170/4 | €282,949 | €234,815 | -€48,134 | -17.0% |
| Amounts payable within one year | 42/48 | €1,410,709 | €1,422,292 | +€11,583 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €282,173 | €259,016 | -€23,157 | -8.2% |
| Financial debts | 43 | €451,005 | €450,462 | -€542 | -0.1% |
| Credit institutions | 430/8 | €451,005 | €450,462 | -€542 | -0.1% |
| Trade debts | 44 | €105,883 | €87,612 | -€18,271 | -17.3% |
| Suppliers | 440/4 | €105,883 | €87,612 | -€18,271 | -17.3% |
| Taxes, remuneration and social security | 45 | €517,648 | €577,128 | +€59,480 | +11.5% |
| Taxes | 450/3 | €66,795 | €54,691 | -€12,104 | -18.1% |
| Remuneration and social security | 454/9 | €450,853 | €522,438 | +€71,585 | +15.9% |
| Other amounts payable | 47/48 | €54,000 | €48,073 | -€5,927 | -11.0% |
| Accrued charges and deferred income | 492/3 | €53,029 | €57 | -€52,972 | -99.9% |
| Non-recurring operating income | 76A | - | €384 | +€384 | |
| Remuneration, social security and pensions | 62 | €2,449,117 | €2,686,805 | +€237,688 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,532 | €164,306 | +€14,774 | +9.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€53,000 | -€53,000 | |
| Other operating charges | 640/8 | €5,831 | €1,826 | -€4,005 | -68.7% |
| Gross operating margin | 9900 | €2,783,322 | €2,866,421 | +€83,099 | +3.0% |
| Operating profit (loss) | 9901 | €178,842 | €66,484 | -€112,358 | -62.8% |
| Financial income | 75/76B | €363 | €621 | +€258 | +71.2% |
| Recurring financial income | 75 | €363 | €621 | +€258 | +71.2% |
| Financial charges | 65/66B | €37,208 | €29,633 | -€7,575 | -20.4% |
| Recurring financial charges | 65 | €37,208 | €29,633 | -€7,575 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €141,997 | €37,471 | -€104,525 | -73.6% |
| Income taxes | 67/77 | €214 | €277 | +€63 | +29.6% |
| Profit (loss) for the period | 9904 | €141,783 | €37,194 | -€104,589 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,783 | €37,194 | -€104,589 | -73.8% |
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 28 October 2026 via checked.be.