LUCAS Management: 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 Management
Largest movements
- Receivables within one year +€44,816
up €44,816 (+40,741,591%), from €0 to €44,816
of which Trade receivables: +€25,982
- Tangible fixed assets -€4,671
down €4,671 (-42.3%), from €11,041 to €6,371
- Cash -€1,319
down €1,319 (-29.0%), from €4,545 to €3,226
mainly Receivables within one year (-€44,816) and Investment in fixed assets (net) (-€346)
- Tax, wage and social debts +€26,287
up €26,287 (+295%), from €8,919 to €35,206
- Profit (loss) carried forward +€6,357
up €6,357 (+387%), from €1,641 to €7,998
- Other debts +€4,209
up €4,209 (+382%), from €1,102 to €5,311
- Trade debts +€1,024
up €1,024 (+53.2%), from €1,925 to €2,948
- Accrued charges and deferred income +€950
new in 2025: €950
- Gross operating margin +€24,310
up €24,310 (+311%), from €7,807 to €32,116
- Financial charges +€12,188
up €12,188 (+6,351%), from €192 to €12,380
- Other operating charges +€4,050
up €4,050 (+777%), from €521 to €4,571
- Taxes +€2,297
up €2,297 (+154%), from €1,495 to €3,791
- Depreciation +€1,058
up €1,058 (+26.7%), from €3,959 to €5,017
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 | €15,587 | €54,413 | +€38,826 | +249% |
| Fixed assets | 21/28 | €11,041 | €6,371 | -€4,671 | -42.3% |
| Tangible fixed assets | 22/27 | €11,041 | €6,371 | -€4,671 | -42.3% |
| Furniture and vehicles | 24 | €11,041 | €6,371 | -€4,671 | -42.3% |
| Current assets | 29/58 | €4,545 | €48,042 | +€43,497 | +957% |
| Amounts receivable within one year | 40/41 | €0 | €44,816 | +€44,816 | +40,741,591% |
| Trade receivables | 40 | €0 | €25,982 | +€25,982 | +23,619,773% |
| Other amounts receivable | 41 | - | €18,834 | +€18,834 | |
| Cash at bank and in hand | 54/58 | €4,545 | €3,226 | -€1,319 | -29.0% |
| Total equity and liabilities | 10/49 | €15,587 | €54,413 | +€38,826 | +249% |
| Equity | 10/15 | €3,641 | €9,998 | +€6,357 | +175% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,641 | €7,998 | +€6,357 | +387% |
| Amounts payable | 17/49 | €11,946 | €44,415 | +€32,470 | +272% |
| Amounts payable within one year | 42/48 | €11,946 | €43,465 | +€31,520 | +264% |
| Trade debts | 44 | €1,925 | €2,948 | +€1,024 | +53.2% |
| Suppliers | 440/4 | €1,925 | €2,948 | +€1,024 | +53.2% |
| Taxes, remuneration and social security | 45 | €8,919 | €35,206 | +€26,287 | +295% |
| Taxes | 450/3 | €8,919 | €35,206 | +€26,287 | +295% |
| Other amounts payable | 47/48 | €1,102 | €5,311 | +€4,209 | +382% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,959 | €5,017 | +€1,058 | +26.7% |
| Other operating charges | 640/8 | €521 | €4,571 | +€4,050 | +777% |
| Gross operating margin | 9900 | €7,807 | €32,116 | +€24,310 | +311% |
| Operating profit (loss) | 9901 | €3,327 | €22,528 | +€19,201 | +577% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.3% |
| Financial charges | 65/66B | €192 | €12,380 | +€12,188 | +6,351% |
| Recurring financial charges | 65 | €192 | €12,380 | +€12,188 | +6,351% |
| Profit (loss) for the period before taxes | 9903 | €3,136 | €10,148 | +€7,012 | +224% |
| Income taxes | 67/77 | €1,495 | €3,791 | +€2,297 | +154% |
| Profit (loss) for the period | 9904 | €1,641 | €6,357 | +€4,716 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €1,641 | €6,357 | +€4,716 | +287% |
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 27 October 2026 via checked.be.