LUCAMAX: 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.
LUCAMAX
Largest movements
- Cash -€24,973
down €24,973 (-82.6%), from €30,238 to €5,265
mainly Receivables within one year (-€18,508) and Debts after one year (-€12,021)
- Receivables within one year +€18,508
new in 2025: €18,508
of which Trade receivables: +€15,004
- Tangible fixed assets -€13,279
down €13,279 (-31.1%), from €42,757 to €29,478
of which Furniture and vehicles: -€12,685
- Debts after one year -€12,021
down €12,021 (-71.1%), from €16,916 to €4,896
- Reserves -€9,716
down €9,716 (-31.4%), from €30,923 to €21,207
- Tax, wage and social debts +€3,918
up €3,918 (+58.1%), from €6,747 to €10,665
- Other debts -€1,838
down €1,838 (-31.3%), from €5,876 to €4,038
- Gross operating margin -€7,949
down €7,949 (-58.8%), from €13,524 to €5,576
- Financial charges -€559
down €559 (-29.5%), from €1,896 to €1,337
- Other operating charges -€370
down €370 (-37.8%), from €980 to €610
- Depreciation +€257
up €257 (+2.0%), from €13,023 to €13,279
- Taxes -€137
down €137 (-49.6%), from €277 to €140
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 | €72,994 | €53,251 | -€19,744 | -27.0% |
| Fixed assets | 21/28 | €42,757 | €29,478 | -€13,279 | -31.1% |
| Tangible fixed assets | 22/27 | €42,757 | €29,478 | -€13,279 | -31.1% |
| Plant, machinery and equipment | 23 | €2,299 | €1,705 | -€594 | -25.8% |
| Furniture and vehicles | 24 | €40,458 | €27,773 | -€12,685 | -31.4% |
| Current assets | 29/58 | €30,238 | €23,773 | -€6,464 | -21.4% |
| Amounts receivable within one year | 40/41 | - | €18,508 | +€18,508 | |
| Trade receivables | 40 | - | €15,004 | +€15,004 | |
| Other amounts receivable | 41 | - | €3,504 | +€3,504 | |
| Cash at bank and in hand | 54/58 | €30,238 | €5,265 | -€24,973 | -82.6% |
| Total equity and liabilities | 10/49 | €72,994 | €53,251 | -€19,744 | -27.0% |
| Equity | 10/15 | €31,423 | €21,707 | -€9,716 | -30.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €30,923 | €21,207 | -€9,716 | -31.4% |
| Distributable reserves | 133 | €30,923 | €21,207 | -€9,716 | -31.4% |
| Amounts payable | 17/49 | €41,572 | €31,544 | -€10,028 | -24.1% |
| Amounts payable after more than one year | 17 | €16,916 | €4,896 | -€12,021 | -71.1% |
| Financial debts | 170/4 | €16,916 | €4,896 | -€12,021 | -71.1% |
| Amounts payable within one year | 42/48 | €24,655 | €26,649 | +€1,993 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,021 | €11,021 | = | 0.0% |
| Trade debts | 44 | €1,012 | €925 | -€87 | -8.6% |
| Suppliers | 440/4 | €1,012 | €925 | -€87 | -8.6% |
| Taxes, remuneration and social security | 45 | €6,747 | €10,665 | +€3,918 | +58.1% |
| Taxes | 450/3 | €6,747 | €10,665 | +€3,918 | +58.1% |
| Other amounts payable | 47/48 | €5,876 | €4,038 | -€1,838 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,023 | €13,279 | +€257 | +2.0% |
| Other operating charges | 640/8 | €980 | €610 | -€370 | -37.8% |
| Gross operating margin | 9900 | €13,524 | €5,576 | -€7,949 | -58.8% |
| Operating profit (loss) | 9901 | -€478 | -€8,313 | -€7,835 | -1,638% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €1,896 | €1,337 | -€559 | -29.5% |
| Recurring financial charges | 65 | €1,896 | €1,337 | -€559 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,374 | -€9,576 | -€7,202 | -303% |
| Income taxes | 67/77 | €277 | €140 | -€137 | -49.6% |
| Profit (loss) for the period | 9904 | -€2,652 | -€9,716 | -€7,064 | -266% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,652 | -€9,716 | -€7,064 | -266% |
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 21 October 2026 via checked.be.