LUCAS MEES: what changed
LUCAS MEES
Largest movements
- Receivables within one year -€59,175
down €59,175 (-38.9%), from €151,931 to €92,756
of which Trade receivables: -€52,713
- Cash -€11,723
down €11,723 (-39.2%), from €29,925 to €18,202
mainly Trade debts (-€54,951) and Net result for the year (-€21,068)
- Tangible fixed assets -€5,507
down €5,507 (-19.3%), from €28,472 to €22,966
of which Furniture and vehicles: -€3,907
- Financial fixed assets -€3,000
down €3,000 (-100%), from €3,000 to €0
- Trade debts -€54,951
down €54,951 (-91.5%), from €60,072 to €5,122
- Profit (loss) carried forward -€21,068
down €21,068, from €10,467 to -€10,600
- Tax, wage and social debts -€2,341
down €2,341 (-48.8%), from €4,798 to €2,457
- Financial income +€2,467
up €2,467 (+86.2%), from €2,860 to €5,327
- Gross operating margin -€2,147
down €2,147 (-19.6%), from -€10,978 to -€13,126
- Financial charges +€1,014
up €1,014 (+481%), from €211 to €1,225
- Taxes +€733
up €733 (+232%), from €316 to €1,049
- Depreciation +€444
up €444 (+4.4%), from €10,089 to €10,533
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,614 | €133,924 | -€79,690 | -37.3% |
| Fixed assets | 21/28 | €31,472 | €22,966 | -€8,507 | -27.0% |
| Tangible fixed assets | 22/27 | €28,472 | €22,966 | -€5,507 | -19.3% |
| Plant, machinery and equipment | 23 | €2,744 | €1,144 | -€1,600 | -58.3% |
| Furniture and vehicles | 24 | €25,729 | €21,822 | -€3,907 | -15.2% |
| Financial fixed assets | 28 | €3,000 | €0 | -€3,000 | -100% |
| Current assets | 29/58 | €182,142 | €110,958 | -€71,184 | -39.1% |
| Amounts receivable within one year | 40/41 | €151,931 | €92,756 | -€59,175 | -38.9% |
| Trade receivables | 40 | €92,146 | €39,434 | -€52,713 | -57.2% |
| Other amounts receivable | 41 | €59,785 | €53,322 | -€6,462 | -10.8% |
| Cash at bank and in hand | 54/58 | €29,925 | €18,202 | -€11,723 | -39.2% |
| Deferred charges and accrued income | 490/1 | €285 | €0 | -€285 | -100% |
| Total equity and liabilities | 10/49 | €213,614 | €133,924 | -€79,690 | -37.3% |
| Equity | 10/15 | €123,046 | €101,978 | -€21,068 | -17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,378 | €106,378 | = | 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% |
| Distributable reserves | 133 | €104,518 | €104,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,467 | -€10,600 | -€21,068 | |
| Amounts payable | 17/49 | €90,568 | €31,945 | -€58,623 | -64.7% |
| Amounts payable within one year | 42/48 | €89,237 | €31,945 | -€57,292 | -64.2% |
| Trade debts | 44 | €60,072 | €5,122 | -€54,951 | -91.5% |
| Suppliers | 440/4 | €60,072 | €5,122 | -€54,951 | -91.5% |
| Advances received on contracts in progress | 46 | €24,367 | €24,367 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,798 | €2,457 | -€2,341 | -48.8% |
| Taxes | 450/3 | €4,798 | €2,457 | -€2,341 | -48.8% |
| Accrued charges and deferred income | 492/3 | €1,331 | €0 | -€1,331 | -100% |
| Non-recurring operating income | 76A | - | €2,152 | +€2,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,089 | €10,533 | +€444 | +4.4% |
| Other operating charges | 640/8 | €383 | €463 | +€80 | +20.9% |
| Gross operating margin | 9900 | -€10,978 | -€13,126 | -€2,147 | -19.6% |
| Operating profit (loss) | 9901 | -€21,450 | -€24,121 | -€2,671 | -12.5% |
| Financial income | 75/76B | €2,860 | €5,327 | +€2,467 | +86.2% |
| Recurring financial income | 75 | €2,860 | €5,327 | +€2,467 | +86.2% |
| Financial charges | 65/66B | €211 | €1,225 | +€1,014 | +481% |
| Recurring financial charges | 65 | €211 | €1,225 | +€1,014 | +481% |
| Profit (loss) for the period before taxes | 9903 | -€18,801 | -€20,019 | -€1,218 | -6.5% |
| Income taxes | 67/77 | €316 | €1,049 | +€733 | +232% |
| Profit (loss) for the period | 9904 | -€19,117 | -€21,068 | -€1,951 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,117 | -€21,068 | -€1,951 | -10.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.