Lucart: 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.
Lucart
Largest movements
- Tangible fixed assets +€375,581
up €375,581 (+147.1%), from €255,391 to €630,972
of which Land and buildings: +€389,651
- Cash -€90,641
down €90,641 (-85.8%), from €105,680 to €15,039
mainly Investment in fixed assets (net) (-€470,270) and Deferred charges and accrued income (-€12,024)
- Deferred charges and accrued income +€12,024
up €12,024 (+2487.1%), from €483 to €12,508
- Debts after one year +€251,867
up €251,867 (+190.4%), from €132,284 to €384,151
- Other debts +€40,515
up €40,515 (+136.3%), from €29,727 to €70,242
- Current portion of long-term debt +€20,235
up €20,235 (+88.4%), from €22,898 to €43,133
- Reserves -€10,846
down €10,846 (-6.4%), from €168,911 to €158,065
- Depreciation +€74,640
up €74,640 (+372.3%), from €20,049 to €94,689
- Gross operating margin -€18,736
down €18,736 (-17.4%), from €107,673 to €88,937
- Taxes -€18,369
down €18,369 (-99.2%), from €18,523 to €154
- Financial charges +€2,486
up €2,486 (+133.3%), from €1,865 to €4,351
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 | €381,918 | €679,663 | +€297,745 | +78.0% |
| Fixed assets | 21/28 | €255,391 | €630,972 | +€375,581 | +147.1% |
| Tangible fixed assets | 22/27 | €255,391 | €630,972 | +€375,581 | +147.1% |
| Land and buildings | 22 | €149,151 | €538,802 | +€389,651 | +261.2% |
| Plant, machinery and equipment | 23 | €84,328 | €76,572 | -€7,756 | -9.2% |
| Furniture and vehicles | 24 | €21,912 | €15,598 | -€6,314 | -28.8% |
| Current assets | 29/58 | €126,527 | €48,691 | -€77,836 | -61.5% |
| Amounts receivable within one year | 40/41 | €20,364 | €21,145 | +€780 | +3.8% |
| Trade receivables | 40 | €20,364 | €20,772 | +€407 | +2.0% |
| Other amounts receivable | 41 | - | €373 | +€373 | |
| Cash at bank and in hand | 54/58 | €105,680 | €15,039 | -€90,641 | -85.8% |
| Deferred charges and accrued income | 490/1 | €483 | €12,508 | +€12,024 | +2487.1% |
| Total equity and liabilities | 10/49 | €381,918 | €679,663 | +€297,745 | +78.0% |
| Equity | 10/15 | €187,511 | €176,665 | -€10,846 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,911 | €158,065 | -€10,846 | -6.4% |
| Distributable reserves | 133 | €168,911 | €158,065 | -€10,846 | -6.4% |
| Amounts payable | 17/49 | €194,408 | €502,998 | +€308,590 | +158.7% |
| Amounts payable after more than one year | 17 | €132,284 | €384,151 | +€251,867 | +190.4% |
| Financial debts | 170/4 | €132,284 | €384,151 | +€251,867 | +190.4% |
| Amounts payable within one year | 42/48 | €62,124 | €118,847 | +€56,723 | +91.3% |
| Current portion of amounts payable after more than one year | 42 | €22,898 | €43,133 | +€20,235 | +88.4% |
| Trade debts | 44 | €131 | €132 | +€1 | +0.4% |
| Suppliers | 440/4 | €131 | €132 | +€1 | +0.4% |
| Taxes, remuneration and social security | 45 | €9,369 | €5,341 | -€4,027 | -43.0% |
| Taxes | 450/3 | €9,369 | €5,341 | -€4,027 | -43.0% |
| Other amounts payable | 47/48 | €29,727 | €70,242 | +€40,515 | +136.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,049 | €94,689 | +€74,640 | +372.3% |
| Other operating charges | 640/8 | €567 | €678 | +€111 | +19.5% |
| Gross operating margin | 9900 | €107,673 | €88,937 | -€18,736 | -17.4% |
| Operating profit (loss) | 9901 | €87,056 | -€6,430 | -€93,486 | |
| Financial income | 75/76B | €49 | €89 | +€40 | +82.6% |
| Recurring financial income | 75 | €49 | €89 | +€40 | +82.6% |
| Financial charges | 65/66B | €1,865 | €4,351 | +€2,486 | +133.3% |
| Recurring financial charges | 65 | €1,865 | €4,351 | +€2,486 | +133.3% |
| Profit (loss) for the period before taxes | 9903 | €85,240 | -€10,692 | -€95,932 | |
| Income taxes | 67/77 | €18,523 | €154 | -€18,369 | -99.2% |
| Profit (loss) for the period | 9904 | €66,717 | -€10,846 | -€77,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,717 | -€10,846 | -€77,562 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.