LUCAN: 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.
What changed
LUCAN
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€509,767
2024 · €534,674-€24,907
Equity
€5.7m
2024 · €5.7m+€9,767
Cash
€112,298
2024 · €415,195-€302,897
Balance sheet total
€7.7m
2024 · €7.3m+€371,953
Largest movements
Assets
- Current investments +€800,000
new in 2025: €800,000
- Cash -€302,897
down €302,897 (-73.0%), from €415,195 to €112,298
mainly Current investments (-€800,000) and Contributions, distributions and other (-€500,000)
- Tangible fixed assets -€129,516
down €129,516 (-2.3%), from €5.6m to €5.5m
Equity and liabilities
- Other debts +€300,000
up €300,000 (+42.9%), from €700,000 to €1.0m
- Trade debts +€195,019
up €195,019 (+4046.5%), from €4,819 to €199,839
- Debts after one year -€120,815
down €120,815 (-16.3%), from €743,451 to €622,636
of which Financial debts: -€119,935
Income statement
- Gross operating margin -€30,335
down €30,335 (-3.4%), from €898,638 to €868,303
- Taxes -€10,373
down €10,373 (-75.9%), from €13,658 to €3,285
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.
Result 2024
€534,674
Gross operating margin
-€30,335
Depreciation
-€5,797
Other operating charges
-€5,575
Financial income
+€7,042
Financial charges
+€850
Taxes
+€10,373
Deferred taxes and other
-€1,466
Result 2025
€509,767
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.
From operations
+€1.2m
Investment
-€871,700
Financing
-€619,445
Cash 2024
€415,195
From operations (derived)
+€1.2m
Net result for the year
+€509,767
Depreciation
+€201,217
Receivables within one year
-€6,381
Deferred charges and accrued income
+€2,014
Trade debts
+€195,019
Tax, wage and social debts
-€13,388
Other debts
+€300,000
Investment (derived)
-€871,700
Investment in fixed assets (net)
-€71,700
Current investments
-€800,000
Financing
-€619,445
Debts after one year
-€120,815
Current portion of long-term debt
+€1,371
Contributions, distributions and other
-€500,000
Cash 2025
€112,298
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,335,263 | €7,707,216 | +€371,953 | +5.1% |
| Fixed assets | 21/28 | €5,623,620 | €5,494,104 | -€129,516 | -2.3% |
| Tangible fixed assets | 22/27 | €5,623,602 | €5,494,085 | -€129,516 | -2.3% |
| Land and buildings | 22 | €5,623,602 | €5,494,085 | -€129,516 | -2.3% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €1,711,642 | €2,213,112 | +€501,470 | +29.3% |
| Amounts receivable within one year | 40/41 | €1,294,433 | €1,300,814 | +€6,381 | +0.5% |
| Other amounts receivable | 41 | €1,294,433 | €1,300,814 | +€6,381 | +0.5% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €415,195 | €112,298 | -€302,897 | -73.0% |
| Deferred charges and accrued income | 490/1 | €2,014 | €0 | -€2,014 | -100.0% |
| Total equity and liabilities | 10/49 | €7,335,263 | €7,707,216 | +€371,953 | +5.1% |
| Equity | 10/15 | €5,738,646 | €5,748,413 | +€9,767 | +0.2% |
| Contributions | 10/11 | €274,346 | €274,346 | = | 0.0% |
| Capital | 10 | €274,346 | €274,346 | = | 0.0% |
| Issued capital | 100 | €274,346 | €274,346 | = | 0.0% |
| Revaluation surpluses | 12 | €1,613,151 | €1,613,151 | = | 0.0% |
| Reserves | 13 | €3,837,529 | €3,847,296 | +€9,767 | +0.3% |
| Non-distributable reserves | 130/1 | €27,435 | €27,435 | = | 0.0% |
| Legal reserve | 130 | €27,435 | €27,435 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,820 | €20,820 | = | 0.0% |
| Distributable reserves | 133 | €3,789,274 | €3,799,041 | +€9,767 | +0.3% |
| Profit (loss) carried forward | 14 | €13,620 | €13,620 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,124 | €16,124 | = | 0.0% |
| Deferred taxes | 168 | €16,124 | €16,124 | = | 0.0% |
| Amounts payable | 17/49 | €1,580,493 | €1,942,679 | +€362,187 | +22.9% |
| Amounts payable after more than one year | 17 | €743,451 | €622,636 | -€120,815 | -16.3% |
| Financial debts | 170/4 | €677,032 | €557,098 | -€119,935 | -17.7% |
| Other amounts payable | 178/9 | €66,419 | €65,538 | -€881 | -1.3% |
| Amounts payable within one year | 42/48 | €837,042 | €1,320,044 | +€483,002 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €118,564 | €119,935 | +€1,371 | +1.2% |
| Trade debts | 44 | €4,819 | €199,839 | +€195,019 | +4046.5% |
| Suppliers | 440/4 | €4,819 | €199,839 | +€195,019 | +4046.5% |
| Taxes, remuneration and social security | 45 | €13,658 | €270 | -€13,388 | -98.0% |
| Taxes | 450/3 | €13,658 | €270 | -€13,388 | -98.0% |
| Other amounts payable | 47/48 | €700,000 | €1,000,000 | +€300,000 | +42.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,419 | €201,217 | +€5,797 | +3.0% |
| Other operating charges | 640/8 | €149,049 | €154,624 | +€5,575 | +3.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €898,638 | €868,303 | -€30,335 | -3.4% |
| Operating profit (loss) | 9901 | €554,169 | €512,462 | -€41,707 | -7.5% |
| Financial income | 75/76B | €3,440 | €10,482 | +€7,042 | +204.7% |
| Recurring financial income | 75 | €3,440 | €10,482 | +€7,042 | +204.7% |
| Financial charges | 65/66B | €10,743 | €9,893 | -€850 | -7.9% |
| Recurring financial charges | 65 | €10,743 | €9,893 | -€850 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €546,867 | €513,052 | -€33,815 | -6.2% |
| Transfer from deferred taxes | 780 | €1,466 | €0 | -€1,466 | -100.0% |
| Income taxes | 67/77 | €13,658 | €3,285 | -€10,373 | -75.9% |
| Profit (loss) for the period | 9904 | €534,674 | €509,767 | -€24,907 | -4.7% |
| Transfer from tax-exempt reserves | 789 | €2,847 | €0 | -€2,847 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €537,521 | €509,767 | -€27,754 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.