LUCAM: what changed
LUCAM
Largest movements
- Receivables within one year +€15,500
up €15,500 (+128%), from €12,130 to €27,629
of which Trade receivables: +€8,582
- Stocks and contracts -€8,390
down €8,390 (-33.7%), from €24,916 to €16,525
- Tangible fixed assets -€1,533
down €1,533 (-24.2%), from €6,328 to €4,794
of which Other tangible fixed assets: -€976
- Cash -€1,166
down €1,166 (-2.2%), from €53,147 to €51,980
mainly Contributions, distributions and other (-€33,954) and Receivables within one year (-€15,500)
- Reserves -€68,953
down €68,953 (-54.0%), from €127,664 to €58,711
- Profit (loss) carried forward +€42,530
up €42,530, from -€42,530 to €0
- Other debts +€32,199
up €32,199 (+1,835%), from €1,754 to €33,954
- Trade debts -€2,088
down €2,088 (-51.9%), from €4,019 to €1,931
- Gross operating margin +€30,810
up €30,810, from -€11,673 to €19,137
- Other operating charges +€5,028
up €5,028 (+456%), from €1,103 to €6,131
- Taxes +€4,103
new in 2025: €4,103
- Depreciation -€2,627
down €2,627 (-63.1%), from €4,160 to €1,533
- Financial income -€462
down €462 (-61.7%), from €750 to €287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,107 | €100,929 | +€3,822 | +3.9% |
| Fixed assets | 21/28 | €6,328 | €4,794 | -€1,533 | -24.2% |
| Tangible fixed assets | 22/27 | €6,328 | €4,794 | -€1,533 | -24.2% |
| Land and buildings | 22 | €354 | €265 | -€88 | -25.0% |
| Plant, machinery and equipment | 23 | €173 | €69 | -€103 | -59.8% |
| Furniture and vehicles | 24 | €844 | €478 | -€366 | -43.4% |
| Other tangible fixed assets | 26 | €4,957 | €3,981 | -€976 | -19.7% |
| Current assets | 29/58 | €90,780 | €96,135 | +€5,356 | +5.9% |
| Stocks and contracts in progress | 3 | €24,916 | €16,525 | -€8,390 | -33.7% |
| Stocks | 30/36 | €24,916 | €16,525 | -€8,390 | -33.7% |
| Amounts receivable within one year | 40/41 | €12,130 | €27,629 | +€15,500 | +128% |
| Trade receivables | 40 | €6,569 | €15,151 | +€8,582 | +131% |
| Other amounts receivable | 41 | €5,561 | €12,479 | +€6,918 | +124% |
| Cash at bank and in hand | 54/58 | €53,147 | €51,980 | -€1,166 | -2.2% |
| Deferred charges and accrued income | 490/1 | €588 | €0 | -€588 | -100% |
| Total equity and liabilities | 10/49 | €97,107 | €100,929 | +€3,822 | +3.9% |
| Equity | 10/15 | €91,334 | €64,911 | -€26,423 | -28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,664 | €58,711 | -€68,953 | -54.0% |
| Distributable reserves | 133 | €127,664 | €58,711 | -€68,953 | -54.0% |
| Profit (loss) carried forward | 14 | -€42,530 | €0 | +€42,530 | |
| Amounts payable | 17/49 | €5,774 | €36,018 | +€30,245 | +524% |
| Amounts payable within one year | 42/48 | €5,774 | €36,018 | +€30,245 | +524% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,019 | €1,931 | -€2,088 | -51.9% |
| Suppliers | 440/4 | €4,019 | €1,931 | -€2,088 | -51.9% |
| Advances received on contracts in progress | 46 | - | €133 | +€133 | |
| Other amounts payable | 47/48 | €1,754 | €33,954 | +€32,199 | +1,835% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,160 | €1,533 | -€2,627 | -63.1% |
| Other operating charges | 640/8 | €1,103 | €6,131 | +€5,028 | +456% |
| Gross operating margin | 9900 | -€11,673 | €19,137 | +€30,810 | |
| Operating profit (loss) | 9901 | -€16,936 | €11,473 | +€28,409 | |
| Financial income | 75/76B | €750 | €287 | -€462 | -61.7% |
| Recurring financial income | 75 | €750 | €287 | -€462 | -61.7% |
| Financial charges | 65/66B | €93 | €126 | +€32 | +34.7% |
| Recurring financial charges | 65 | €93 | €126 | +€32 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,280 | €11,634 | +€27,914 | |
| Income taxes | 67/77 | - | €4,103 | +€4,103 | |
| Profit (loss) for the period | 9904 | -€16,280 | €7,531 | +€23,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,280 | €7,531 | +€23,811 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.