LUCAS MARTIN: what changed
What changed
LUCAS MARTIN
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€14,614
2023 · -€15,146+€532
Equity
-€72,402
2023 · -€57,788-€14,614
Cash
€3,143
2023 · €26,389-€23,246
Balance sheet total
€424,282
2023 · €469,748-€45,466
Largest movements
Assets
- Cash -€23,246
down €23,246 (-88.1%), from €26,389 to €3,143
mainly Other debts (-€29,904) and Net result for the year (-€14,614)
- Deferred charges and accrued income -€19,548
no longer reported in 2024 (was €19,548)
Equity and liabilities
- Other debts -€29,904
down €29,904 (-64.4%), from €46,411 to €16,507
- Profit (loss) carried forward -€14,614
down €14,614 (-24.9%), from -€58,788 to -€73,402
- Trade debts +€8,162
new in 2024: €8,162
- Debts after one year -€7,722
down €7,722 (-1.7%), from €464,672 to €456,950
of which Financial debts: -€7,722
Income statement
- Gross operating margin +€548
up €548 (+4.8%), from -€11,323 to -€10,775
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€15,146
Gross operating margin
+€548
Financial charges
-€16
Result 2024
-€14,614
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,204
Investment
-€1,737
Financing
-€10,305
Cash 2023
€26,389
From operations (derived)
-€11,204
Net result for the year
-€14,614
Receivables within one year
+€4,409
Deferred charges and accrued income
+€19,548
Trade debts
+€8,162
Tax, wage and social debts
+€395
Other debts
-€29,904
Accrued charges and deferred income
+€800
Investment (derived)
-€1,737
Investment in fixed assets (net)
-€1,737
Financing
-€10,305
Debts after one year
-€7,722
Current portion of long-term debt
-€2,583
Cash 2024
€3,143
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,748 | €424,282 | -€45,466 | -9.7% |
| Formation expenses | 20 | €1,350 | €1,350 | = | 0.0% |
| Fixed assets | 21/28 | €416,961 | €418,698 | +€1,737 | +0.4% |
| Tangible fixed assets | 22/27 | €416,961 | €418,698 | +€1,737 | +0.4% |
| Land and buildings | 22 | €416,961 | €416,961 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,737 | +€1,737 | |
| Current assets | 29/58 | €51,437 | €4,234 | -€47,203 | -91.8% |
| Amounts receivable within one year | 40/41 | €5,500 | €1,091 | -€4,409 | -80.2% |
| Trade receivables | 40 | - | €1,091 | +€1,091 | |
| Other amounts receivable | 41 | €5,500 | - | -€5,500 | |
| Cash at bank and in hand | 54/58 | €26,389 | €3,143 | -€23,246 | -88.1% |
| Deferred charges and accrued income | 490/1 | €19,548 | - | -€19,548 | |
| Total equity and liabilities | 10/49 | €469,748 | €424,282 | -€45,466 | -9.7% |
| Equity | 10/15 | -€57,788 | -€72,402 | -€14,614 | -25.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,788 | -€73,402 | -€14,614 | -24.9% |
| Amounts payable | 17/49 | €527,536 | €496,684 | -€30,852 | -5.8% |
| Amounts payable after more than one year | 17 | €464,672 | €456,950 | -€7,722 | -1.7% |
| Financial debts | 170/4 | €260,000 | €252,278 | -€7,722 | -3.0% |
| Other amounts payable | 178/9 | €204,672 | €204,672 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,864 | €38,934 | -€23,930 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €16,453 | €13,870 | -€2,583 | -15.7% |
| Trade debts | 44 | - | €8,162 | +€8,162 | |
| Suppliers | 440/4 | - | €8,162 | +€8,162 | |
| Taxes, remuneration and social security | 45 | - | €395 | +€395 | |
| Taxes | 450/3 | - | €395 | +€395 | |
| Other amounts payable | 47/48 | €46,411 | €16,507 | -€29,904 | -64.4% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Gross operating margin | 9900 | -€11,323 | -€10,775 | +€548 | +4.8% |
| Operating profit (loss) | 9901 | -€11,323 | -€10,775 | +€548 | +4.8% |
| Financial charges | 65/66B | €3,823 | €3,839 | +€16 | +0.4% |
| Recurring financial charges | 65 | €3,823 | €3,839 | +€16 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,146 | -€14,614 | +€532 | +3.5% |
| Profit (loss) for the period | 9904 | -€15,146 | -€14,614 | +€532 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,146 | -€14,614 | +€532 | +3.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.