LUCAS GROUP: 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.
LUCAS GROUP
Largest movements
- Stocks and contracts -€116,716
down €116,716 (-100%), from €116,716 to €0
- Receivables within one year -€56,528
down €56,528 (-50.4%), from €112,068 to €55,540
- Receivables after one year +€50,000
new in 2025: €50,000
- Deferred charges and accrued income -€23,468
down €23,468 (-55.9%), from €41,969 to €18,501
- Tangible fixed assets -€13,190
down €13,190 (-4.9%), from €271,533 to €258,342
of which Land and buildings: -€7,794
- Other debts -€145,904
down €145,904 (-96.2%), from €151,654 to €5,750
- Tax, wage and social debts -€42,665
down €42,665 (-46.2%), from €92,415 to €49,750
of which Taxes: -€31,243
- Profit (loss) carried forward +€39,410
up €39,410 (+47.9%), from €82,233 to €121,643
- Debts after one year -€9,998
down €9,998 (-5.4%), from €183,893 to €173,895
- Staff costs -€44,021
down €44,021 (-100%), from €44,021 to €0
- Taxes +€11,316
up €11,316 (+404%), from €2,802 to €14,118
- Provisions -€6,431
new in 2025: -€6,431
- Financial charges +€2,584
up €2,584 (+78.1%), from €3,311 to €5,896
- Other operating charges -€1,096
down €1,096 (-41.8%), from €2,621 to €1,526
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 | €545,950 | €387,028 | -€158,922 | -29.1% |
| Fixed assets | 21/28 | €271,533 | €258,342 | -€13,190 | -4.9% |
| Tangible fixed assets | 22/27 | €271,533 | €258,342 | -€13,190 | -4.9% |
| Land and buildings | 22 | €262,678 | €254,885 | -€7,794 | -3.0% |
| Plant, machinery and equipment | 23 | €4,668 | €3,458 | -€1,210 | -25.9% |
| Furniture and vehicles | 24 | €4,187 | €0 | -€4,187 | -100% |
| Current assets | 29/58 | €274,417 | €128,686 | -€145,731 | -53.1% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €116,716 | €0 | -€116,716 | -100% |
| Stocks | 30/36 | €116,716 | €0 | -€116,716 | -100% |
| Amounts receivable within one year | 40/41 | €112,068 | €55,540 | -€56,528 | -50.4% |
| Other amounts receivable | 41 | €112,068 | €55,540 | -€56,528 | -50.4% |
| Cash at bank and in hand | 54/58 | €3,664 | €4,644 | +€981 | +26.8% |
| Deferred charges and accrued income | 490/1 | €41,969 | €18,501 | -€23,468 | -55.9% |
| Total equity and liabilities | 10/49 | €545,950 | €387,028 | -€158,922 | -29.1% |
| Equity | 10/15 | €102,693 | €142,103 | +€39,410 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,233 | €121,643 | +€39,410 | +47.9% |
| Amounts payable | 17/49 | €443,257 | €244,925 | -€198,332 | -44.7% |
| Amounts payable after more than one year | 17 | €183,893 | €173,895 | -€9,998 | -5.4% |
| Financial debts | 170/4 | €183,893 | €173,895 | -€9,998 | -5.4% |
| Amounts payable within one year | 42/48 | €259,364 | €71,029 | -€188,334 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €9,840 | €9,998 | +€158 | +1.6% |
| Trade debts | 44 | €5,455 | €5,532 | +€77 | +1.4% |
| Suppliers | 440/4 | €5,455 | €5,532 | +€77 | +1.4% |
| Taxes, remuneration and social security | 45 | €92,415 | €49,750 | -€42,665 | -46.2% |
| Taxes | 450/3 | €80,993 | €49,750 | -€31,243 | -38.6% |
| Remuneration and social security | 454/9 | €11,422 | €0 | -€11,422 | -100% |
| Other amounts payable | 47/48 | €151,654 | €5,750 | -€145,904 | -96.2% |
| Remuneration, social security and pensions | 62 | €44,021 | €0 | -€44,021 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,635 | €13,190 | -€445 | -3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,431 | -€6,431 | |
| Other operating charges | 640/8 | €2,621 | €1,526 | -€1,096 | -41.8% |
| Gross operating margin | 9900 | €61,804 | €62,799 | +€995 | +1.6% |
| Operating profit (loss) | 9901 | €1,526 | €54,514 | +€52,988 | +3,473% |
| Financial income | 75/76B | €5,664 | €5,159 | -€504 | -8.9% |
| Recurring financial income | 75 | €5,664 | €5,159 | -€504 | -8.9% |
| Financial charges | 65/66B | €3,311 | €5,896 | +€2,584 | +78.1% |
| Recurring financial charges | 65 | €3,311 | €5,896 | +€2,584 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €3,879 | €53,778 | +€49,899 | +1,287% |
| Income taxes | 67/77 | €2,802 | €14,118 | +€11,316 | +404% |
| Profit (loss) for the period | 9904 | €1,077 | €39,660 | +€38,583 | +3,583% |
| Profit (loss) for the period to be appropriated | 9905 | €1,077 | €39,660 | +€38,583 | +3,583% |
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 20 October 2026 via checked.be.