Lucanin: 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.
Lucanin
Largest movements
- Tangible fixed assets -€152,237
down €152,237 (-4.1%), from €3.7m to €3.6m
- Cash +€55,510
up €55,510 (+132%), from €41,980 to €97,490
mainly Depreciation (+€152,237) and Net result for the year (+€68,871)
- Debts after one year -€153,374
down €153,374 (-4.3%), from €3.5m to €3.4m
- Profit (loss) carried forward +€68,871
up €68,871 (+9.4%), from -€730,164 to -€661,294
- Gross operating margin +€16,018
up €16,018 (+5.3%), from €300,623 to €316,640
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 | €3,794,648 | €3,696,168 | -€98,480 | -2.6% |
| Fixed assets | 21/28 | €3,738,168 | €3,585,931 | -€152,237 | -4.1% |
| Tangible fixed assets | 22/27 | €3,737,168 | €3,584,931 | -€152,237 | -4.1% |
| Land and buildings | 22 | €3,737,168 | €3,584,931 | -€152,237 | -4.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €56,480 | €110,237 | +€53,757 | +95.2% |
| Amounts receivable within one year | 40/41 | €0 | €12,747 | +€12,747 | |
| Trade receivables | 40 | €0 | €12,089 | +€12,089 | |
| Other amounts receivable | 41 | - | €658 | +€658 | |
| Cash at bank and in hand | 54/58 | €41,980 | €97,490 | +€55,510 | +132% |
| Deferred charges and accrued income | 490/1 | €14,500 | €0 | -€14,500 | -100% |
| Total equity and liabilities | 10/49 | €3,794,648 | €3,696,168 | -€98,480 | -2.6% |
| Equity | 10/15 | €19,836 | €88,706 | +€68,871 | +347% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€730,164 | -€661,294 | +€68,871 | +9.4% |
| Amounts payable | 17/49 | €3,774,812 | €3,607,461 | -€167,351 | -4.4% |
| Amounts payable after more than one year | 17 | €3,536,644 | €3,383,270 | -€153,374 | -4.3% |
| Financial debts | 170/4 | €3,536,644 | €3,383,270 | -€153,374 | -4.3% |
| Amounts payable within one year | 42/48 | €210,916 | €198,826 | -€12,089 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €177,719 | €181,582 | +€3,863 | +2.2% |
| Trade debts | 44 | €32,657 | €17,244 | -€15,413 | -47.2% |
| Suppliers | 440/4 | €32,657 | €17,244 | -€15,413 | -47.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €539 | €0 | -€539 | -100% |
| Accrued charges and deferred income | 492/3 | €27,253 | €25,365 | -€1,888 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,736 | €152,237 | +€502 | +0.3% |
| Other operating charges | 640/8 | €20,811 | €19,614 | -€1,197 | -5.8% |
| Gross operating margin | 9900 | €300,623 | €316,640 | +€16,018 | +5.3% |
| Operating profit (loss) | 9901 | €128,076 | €144,789 | +€16,713 | +13.0% |
| Financial charges | 65/66B | €74,125 | €75,919 | +€1,793 | +2.4% |
| Recurring financial charges | 65 | €74,125 | €75,919 | +€1,793 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €53,951 | €68,871 | +€14,920 | +27.7% |
| Profit (loss) for the period | 9904 | €53,951 | €68,871 | +€14,920 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,951 | €68,871 | +€14,920 | +27.7% |
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.