LUCALOT: 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.
LUCALOT
Largest movements
- Cash -€153,493
down €153,493 (-59.1%), from €259,744 to €106,251
mainly Net result for the year (-€100,321) and Trade debts (-€82,563)
- Receivables within one year -€134,553
down €134,553 (-72.7%), from €185,172 to €50,619
of which Trade receivables: -€111,208
- Tangible fixed assets +€72,401
up €72,401 (+710%), from €10,196 to €82,596
of which Land and buildings: +€72,841
- Financial fixed assets -€49,000
down €49,000 (-26.2%), from €186,948 to €137,948
- Deferred charges and accrued income +€8,425
up €8,425 (+282%), from €2,986 to €11,411
- Profit (loss) carried forward -€100,321
new in 2025: -€100,321
- Trade debts -€82,563
down €82,563 (-99.9%), from €82,632 to €69
- Reserves -€74,215
down €74,215 (-15.1%), from €492,553 to €418,338
- Debts after one year +€31,012
new in 2025: €31,012
- Tax, wage and social debts -€24,612
down €24,612 (-53.5%), from €46,026 to €21,414
of which Taxes: -€19,113
- Financial income -€320,000
down €320,000 (-100.0%), from €320,000 to €0
- Financial charges +€49,685
up €49,685 (+1,878%), from €2,646 to €52,331
of which Non-recurring financial charges: +€48,999
- Gross operating margin +€45,643
up €45,643 (+50.9%), from -€89,592 to -€43,950
- Taxes -€20,638
down €20,638 (-99.5%), from €20,737 to €99
- Depreciation +€1,565
up €1,565 (+231%), from €678 to €2,243
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 | €645,045 | €388,825 | -€256,220 | -39.7% |
| Fixed assets | 21/28 | €197,144 | €220,544 | +€23,401 | +11.9% |
| Tangible fixed assets | 22/27 | €10,196 | €82,596 | +€72,401 | +710% |
| Land and buildings | 22 | €8,878 | €81,719 | +€72,841 | +820% |
| Furniture and vehicles | 24 | €1,317 | €878 | -€440 | -33.4% |
| Financial fixed assets | 28 | €186,948 | €137,948 | -€49,000 | -26.2% |
| Current assets | 29/58 | €447,902 | €168,281 | -€279,621 | -62.4% |
| Amounts receivable within one year | 40/41 | €185,172 | €50,619 | -€134,553 | -72.7% |
| Trade receivables | 40 | €111,212 | €5 | -€111,208 | -100.0% |
| Other amounts receivable | 41 | €73,959 | €50,614 | -€23,345 | -31.6% |
| Cash at bank and in hand | 54/58 | €259,744 | €106,251 | -€153,493 | -59.1% |
| Deferred charges and accrued income | 490/1 | €2,986 | €11,411 | +€8,425 | +282% |
| Total equity and liabilities | 10/49 | €645,045 | €388,825 | -€256,220 | -39.7% |
| Equity | 10/15 | €498,753 | €324,217 | -€174,535 | -35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €492,553 | €418,338 | -€74,215 | -15.1% |
| Distributable reserves | 133 | €492,553 | €418,338 | -€74,215 | -15.1% |
| Profit (loss) carried forward | 14 | - | -€100,321 | -€100,321 | |
| Amounts payable | 17/49 | €146,292 | €64,608 | -€81,685 | -55.8% |
| Amounts payable after more than one year | 17 | - | €31,012 | +€31,012 | |
| Financial debts | 170/4 | - | €31,012 | +€31,012 | |
| Amounts payable within one year | 42/48 | €146,292 | €33,596 | -€112,696 | -77.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,113 | +€12,113 | |
| Trade debts | 44 | €82,632 | €69 | -€82,563 | -99.9% |
| Suppliers | 440/4 | €82,632 | €69 | -€82,563 | -99.9% |
| Taxes, remuneration and social security | 45 | €46,026 | €21,414 | -€24,612 | -53.5% |
| Taxes | 450/3 | €40,527 | €21,414 | -€19,113 | -47.2% |
| Remuneration and social security | 454/9 | €5,499 | - | -€5,499 | |
| Other amounts payable | 47/48 | €17,635 | - | -€17,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €2,243 | +€1,565 | +231% |
| Other operating charges | 640/8 | €1,583 | €1,698 | +€115 | +7.3% |
| Gross operating margin | 9900 | -€89,592 | -€43,950 | +€45,643 | +50.9% |
| Operating profit (loss) | 9901 | -€91,853 | -€47,891 | +€43,962 | +47.9% |
| Financial income | 75/76B | €320,000 | €0 | -€320,000 | -100.0% |
| Recurring financial income | 75 | €320,000 | €0 | -€320,000 | -100.0% |
| Financial charges | 65/66B | €2,646 | €52,331 | +€49,685 | +1,878% |
| Recurring financial charges | 65 | €2,646 | €3,332 | +€686 | +25.9% |
| Non-recurring financial charges | 66B | - | €48,999 | +€48,999 | |
| Profit (loss) for the period before taxes | 9903 | €225,501 | -€100,221 | -€325,723 | |
| Income taxes | 67/77 | €20,737 | €99 | -€20,638 | -99.5% |
| Profit (loss) for the period | 9904 | €204,764 | -€100,321 | -€305,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €204,764 | -€100,321 | -€305,085 |
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 31 October 2026 via checked.be.