LUCAR: 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.
LUCAR
Largest movements
- Tangible fixed assets -€49,849
down €49,849 (-7.9%), from €632,848 to €582,999
of which Land and buildings: -€49,849
- Receivables within one year -€43,250
down €43,250 (-21.2%), from €204,125 to €160,875
- Cash +€11,343
up €11,343 (+528.5%), from €2,146 to €13,489
mainly Depreciation (+€49,849) and Receivables within one year (+€43,250)
- Debts after one year -€52,276
down €52,276 (-15.7%), from €333,193 to €280,917
- Other debts -€30,621
down €30,621 (-80.3%), from €38,136 to €7,515
- Profit (loss) carried forward +€22,918
up €22,918, from -€22,918 to €0
- Provisions -€20,283
down €20,283 (-12.6%), from €161,290 to €141,007
- Reserves -€18,305
down €18,305 (-4.9%), from €377,317 to €359,012
of which Tax-exempt reserves: -€39,373
- Depreciation -€13,468
down €13,468 (-21.3%), from €63,317 to €49,849
- Financial charges +€7,225
up €7,225 (+61.2%), from €11,803 to €19,028
- Gross operating margin +€4,375
up €4,375 (+7.1%), from €61,626 to €66,001
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,102,119 | €1,020,363 | -€81,756 | -7.4% |
| Fixed assets | 21/28 | €895,848 | €845,999 | -€49,849 | -5.6% |
| Tangible fixed assets | 22/27 | €632,848 | €582,999 | -€49,849 | -7.9% |
| Land and buildings | 22 | €632,848 | €582,999 | -€49,849 | -7.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €263,000 | €263,000 | = | 0.0% |
| Current assets | 29/58 | €206,271 | €174,364 | -€31,907 | -15.5% |
| Amounts receivable within one year | 40/41 | €204,125 | €160,875 | -€43,250 | -21.2% |
| Other amounts receivable | 41 | €204,125 | €160,875 | -€43,250 | -21.2% |
| Cash at bank and in hand | 54/58 | €2,146 | €13,489 | +€11,343 | +528.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,102,119 | €1,020,363 | -€81,756 | -7.4% |
| Equity | 10/15 | €427,528 | €432,141 | +€4,613 | +1.1% |
| Contributions | 10/11 | €73,129 | €73,129 | = | 0.0% |
| Capital | 10 | €73,129 | €73,129 | = | 0.0% |
| Issued capital | 100 | €73,129 | €73,129 | = | 0.0% |
| Reserves | 13 | €377,317 | €359,012 | -€18,305 | -4.9% |
| Non-distributable reserves | 130/1 | €7,313 | €7,313 | = | 0.0% |
| Legal reserve | 130 | €7,313 | €7,313 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,005 | €330,631 | -€39,373 | -10.6% |
| Distributable reserves | 133 | - | €21,068 | +€21,068 | |
| Profit (loss) carried forward | 14 | -€22,918 | €0 | +€22,918 | |
| Provisions and deferred taxes | 16 | €161,290 | €141,007 | -€20,283 | -12.6% |
| Deferred taxes | 168 | €161,290 | €141,007 | -€20,283 | -12.6% |
| Amounts payable | 17/49 | €513,301 | €447,215 | -€66,086 | -12.9% |
| Amounts payable after more than one year | 17 | €333,193 | €280,917 | -€52,276 | -15.7% |
| Financial debts | 170/4 | €333,193 | €280,917 | -€52,276 | -15.7% |
| Amounts payable within one year | 42/48 | €180,108 | €165,670 | -€14,438 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €50,905 | €52,276 | +€1,371 | +2.7% |
| Trade debts | 44 | €91,067 | €105,879 | +€14,812 | +16.3% |
| Suppliers | 440/4 | €91,067 | €105,879 | +€14,812 | +16.3% |
| Other amounts payable | 47/48 | €38,136 | €7,515 | -€30,621 | -80.3% |
| Accrued charges and deferred income | 492/3 | - | €628 | +€628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,317 | €49,849 | -€13,468 | -21.3% |
| Other operating charges | 640/8 | €13,103 | €12,794 | -€309 | -2.4% |
| Gross operating margin | 9900 | €61,626 | €66,001 | +€4,375 | +7.1% |
| Operating profit (loss) | 9901 | -€14,794 | €3,358 | +€18,152 | |
| Financial charges | 65/66B | €11,803 | €19,028 | +€7,225 | +61.2% |
| Recurring financial charges | 65 | €11,803 | €19,028 | +€7,225 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,597 | -€15,670 | +€10,927 | +41.1% |
| Transfer from deferred taxes | 780 | €20,283 | €20,283 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,314 | €4,613 | +€10,927 | |
| Transfer from tax-exempt reserves | 789 | €39,373 | €39,373 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,060 | €43,987 | +€10,927 | +33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.