LUCALEX: what changed
Two fiscal 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.
LUCALEX
Largest movements
- Receivables within one year +€109,033
up €109,033 (+97.9%), from €111,329 to €220,362
of which Other amounts receivable: +€87,619
- Cash +€15,696
up €15,696 (+198.1%), from €7,924 to €23,620
mainly Net result for the year (+€140,299) and Tax, wage and social debts (+€42,906)
- Tangible fixed assets -€6,987
down €6,987 (-25.0%), from €27,926 to €20,938
of which Leasing and similar rights: -€6,508
- Profit (loss) carried forward +€140,299
up €140,299 (+159.6%), from €87,930 to €228,229
- Debts after one year -€60,591
down €60,591 (-18.8%), from €322,631 to €262,040
- Tax, wage and social debts +€42,906
up €42,906 (+218.1%), from €19,671 to €62,577
- Other debts -€15,130
down €15,130 (-23.5%), from €64,258 to €49,128
- Gross operating margin +€54,734
up €54,734 (+36.9%), from €148,391 to €203,124
- Taxes +€13,895
up €13,895 (+47.4%), from €29,341 to €43,236
- Financial income +€3,631
up €3,631 (+77.1%), from €4,708 to €8,339
- Financial charges -€2,693
down €2,693 (-12.9%), from €20,887 to €18,193
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.
Cash bridge derived
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 | €562,164 | €677,654 | +€115,490 | +20.5% |
| Fixed assets | 21/28 | €440,659 | €433,672 | -€6,987 | -1.6% |
| Tangible fixed assets | 22/27 | €27,926 | €20,938 | -€6,987 | -25.0% |
| Furniture and vehicles | 24 | €4,512 | €4,033 | -€479 | -10.6% |
| Leasing and similar rights | 25 | €23,414 | €16,905 | -€6,508 | -27.8% |
| Financial fixed assets | 28 | €412,734 | €412,734 | = | 0.0% |
| Current assets | 29/58 | €121,505 | €243,982 | +€122,478 | +100.8% |
| Amounts receivable within one year | 40/41 | €111,329 | €220,362 | +€109,033 | +97.9% |
| Trade receivables | 40 | - | €21,414 | +€21,414 | |
| Other amounts receivable | 41 | €111,329 | €198,948 | +€87,619 | +78.7% |
| Cash at bank and in hand | 54/58 | €7,924 | €23,620 | +€15,696 | +198.1% |
| Deferred charges and accrued income | 490/1 | €2,251 | €0 | -€2,251 | -100.0% |
| Total equity and liabilities | 10/49 | €562,164 | €677,654 | +€115,490 | +20.5% |
| Equity | 10/15 | €92,930 | €233,229 | +€140,299 | +151.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,930 | €228,229 | +€140,299 | +159.6% |
| Amounts payable | 17/49 | €469,234 | €444,425 | -€24,809 | -5.3% |
| Amounts payable after more than one year | 17 | €322,631 | €262,040 | -€60,591 | -18.8% |
| Financial debts | 170/4 | €322,631 | €262,040 | -€60,591 | -18.8% |
| Amounts payable within one year | 42/48 | €146,603 | €182,385 | +€35,782 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €61,840 | €64,981 | +€3,141 | +5.1% |
| Trade debts | 44 | €834 | €5,699 | +€4,865 | +583.6% |
| Suppliers | 440/4 | €834 | €5,699 | +€4,865 | +583.6% |
| Taxes, remuneration and social security | 45 | €19,671 | €62,577 | +€42,906 | +218.1% |
| Taxes | 450/3 | €19,671 | €62,577 | +€42,906 | +218.1% |
| Other amounts payable | 47/48 | €64,258 | €49,128 | -€15,130 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,790 | €6,987 | +€198 | +2.9% |
| Other operating charges | 640/8 | €1,879 | €2,747 | +€869 | +46.2% |
| Gross operating margin | 9900 | €148,391 | €203,124 | +€54,734 | +36.9% |
| Operating profit (loss) | 9901 | €139,723 | €193,390 | +€53,667 | +38.4% |
| Financial income | 75/76B | €4,708 | €8,339 | +€3,631 | +77.1% |
| Recurring financial income | 75 | €4,708 | €8,339 | +€3,631 | +77.1% |
| Financial charges | 65/66B | €20,887 | €18,193 | -€2,693 | -12.9% |
| Recurring financial charges | 65 | €20,887 | €18,193 | -€2,693 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €123,544 | €183,535 | +€59,991 | +48.6% |
| Income taxes | 67/77 | €29,341 | €43,236 | +€13,895 | +47.4% |
| Profit (loss) for the period | 9904 | €94,202 | €140,299 | +€46,097 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €94,202 | €140,299 | +€46,097 | +48.9% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.