Lucalis: 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.
Lucalis
Largest movements
- Tangible fixed assets -€36,862
down €36,862 (-5.2%), from €708,740 to €671,878
of which Land and buildings: -€33,678
- Cash +€16,885
up €16,885 (+284.2%), from €5,942 to €22,827
mainly Other debts (+€80,373) and Depreciation (+€36,862)
- Receivables within one year +€14,491
up €14,491 (+11.6%), from €124,503 to €138,993
of which Trade receivables: +€14,491
- Other debts +€80,373
up €80,373 (+58.4%), from €137,717 to €218,090
- Debts after one year -€50,000
down €50,000 (-9.0%), from €554,166 to €504,166
- Profit (loss) carried forward -€47,773
down €47,773 (-497.5%), from -€9,604 to -€57,377
- Accrued charges and deferred income +€12,655
up €12,655 (+266.3%), from €4,752 to €17,407
- Gross operating margin -€44,461
down €44,461 (-61.8%), from €71,916 to €27,455
- Financial charges +€4,091
up €4,091 (+15.1%), from €27,043 to €31,134
- Other operating charges -€925
down €925 (-11.3%), from €8,157 to €7,232
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 | €839,184 | €833,698 | -€5,486 | -0.7% |
| Fixed assets | 21/28 | €708,740 | €671,878 | -€36,862 | -5.2% |
| Tangible fixed assets | 22/27 | €708,740 | €671,878 | -€36,862 | -5.2% |
| Land and buildings | 22 | €702,524 | €668,846 | -€33,678 | -4.8% |
| Plant, machinery and equipment | 23 | €6,216 | €3,032 | -€3,184 | -51.2% |
| Current assets | 29/58 | €130,444 | €161,820 | +€31,376 | +24.1% |
| Amounts receivable within one year | 40/41 | €124,503 | €138,993 | +€14,491 | +11.6% |
| Trade receivables | 40 | €24,503 | €38,993 | +€14,491 | +59.1% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,942 | €22,827 | +€16,885 | +284.2% |
| Total equity and liabilities | 10/49 | €839,184 | €833,698 | -€5,486 | -0.7% |
| Equity | 10/15 | €90,396 | €42,623 | -€47,773 | -52.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,604 | -€57,377 | -€47,773 | -497.5% |
| Amounts payable | 17/49 | €748,788 | €791,074 | +€42,287 | +5.6% |
| Amounts payable after more than one year | 17 | €554,166 | €504,166 | -€50,000 | -9.0% |
| Financial debts | 170/4 | €554,166 | €504,166 | -€50,000 | -9.0% |
| Amounts payable within one year | 42/48 | €189,869 | €269,501 | +€79,632 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €968 | €959 | -€9 | -0.9% |
| Suppliers | 440/4 | €968 | €959 | -€9 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,184 | €452 | -€732 | -61.8% |
| Taxes | 450/3 | €1,184 | €452 | -€732 | -61.8% |
| Other amounts payable | 47/48 | €137,717 | €218,090 | +€80,373 | +58.4% |
| Accrued charges and deferred income | 492/3 | €4,752 | €17,407 | +€12,655 | +266.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,862 | €36,862 | = | 0.0% |
| Other operating charges | 640/8 | €8,157 | €7,232 | -€925 | -11.3% |
| Gross operating margin | 9900 | €71,916 | €27,455 | -€44,461 | -61.8% |
| Operating profit (loss) | 9901 | €26,897 | -€16,639 | -€43,536 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27,043 | €31,134 | +€4,091 | +15.1% |
| Recurring financial charges | 65 | €27,043 | €31,134 | +€4,091 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€146 | -€47,773 | -€47,627 | -32686.4% |
| Profit (loss) for the period | 9904 | -€146 | -€47,773 | -€47,627 | -32686.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€146 | -€47,773 | -€47,627 | -32686.4% |
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 5 October 2026 via checked.be.