LUCAS ML: 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 ML
Largest movements
- Cash -€42,521
down €42,521 (-75.2%), from €56,569 to €14,048
mainly Investment in fixed assets (net) (-€36,869) and Trade debts (-€16,758)
- Tangible fixed assets +€23,254
new in 2025: €23,254
of which Furniture and vehicles: +€12,836
- Receivables within one year +€12,871
up €12,871 (+75.1%), from €17,134 to €30,005
of which Other amounts receivable: +€13,345
- Financial fixed assets +€9,000
new in 2025: €9,000
- Deferred charges and accrued income +€1,011
new in 2025: €1,011
- Profit (loss) carried forward +€17,225
up €17,225 (+84.2%), from €20,469 to €37,694
- Trade debts -€16,758
down €16,758 (-42.2%), from €39,727 to €22,969
- Tax, wage and social debts +€3,147
up €3,147 (+27.4%), from €11,507 to €14,654
of which Taxes: +€4,762
- Gross operating margin +€5,399
up €5,399 (+21.1%), from €25,616 to €31,015
- Depreciation +€4,615
new in 2025: €4,615
- Financial charges +€3,184
up €3,184 (+10,834%), from €29 to €3,213
- Other operating charges +€1,210
new in 2025: €1,210
- Taxes -€356
down €356 (-7.0%), from €5,118 to €4,762
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 | €73,702 | €77,317 | +€3,615 | +4.9% |
| Fixed assets | 21/28 | - | €32,254 | +€32,254 | |
| Tangible fixed assets | 22/27 | - | €23,254 | +€23,254 | |
| Plant, machinery and equipment | 23 | - | €10,418 | +€10,418 | |
| Furniture and vehicles | 24 | - | €12,836 | +€12,836 | |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €73,702 | €45,063 | -€28,639 | -38.9% |
| Amounts receivable within one year | 40/41 | €17,134 | €30,005 | +€12,871 | +75.1% |
| Trade receivables | 40 | €16,742 | €16,268 | -€474 | -2.8% |
| Other amounts receivable | 41 | €392 | €13,737 | +€13,345 | +3,407% |
| Cash at bank and in hand | 54/58 | €56,569 | €14,048 | -€42,521 | -75.2% |
| Deferred charges and accrued income | 490/1 | - | €1,011 | +€1,011 | |
| Total equity and liabilities | 10/49 | €73,702 | €77,317 | +€3,615 | +4.9% |
| Equity | 10/15 | €22,469 | €39,694 | +€17,225 | +76.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,469 | €37,694 | +€17,225 | +84.2% |
| Amounts payable | 17/49 | €51,233 | €37,623 | -€13,610 | -26.6% |
| Amounts payable within one year | 42/48 | €51,233 | €37,623 | -€13,610 | -26.6% |
| Trade debts | 44 | €39,727 | €22,969 | -€16,758 | -42.2% |
| Suppliers | 440/4 | €39,727 | €22,969 | -€16,758 | -42.2% |
| Taxes, remuneration and social security | 45 | €11,507 | €14,654 | +€3,147 | +27.4% |
| Taxes | 450/3 | €5,118 | €9,880 | +€4,762 | +93.0% |
| Remuneration and social security | 454/9 | €6,389 | €4,775 | -€1,615 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,615 | +€4,615 | |
| Other operating charges | 640/8 | - | €1,210 | +€1,210 | |
| Gross operating margin | 9900 | €25,616 | €31,015 | +€5,399 | +21.1% |
| Operating profit (loss) | 9901 | €25,616 | €25,190 | -€426 | -1.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €29 | €3,213 | +€3,184 | +10,834% |
| Recurring financial charges | 65 | €29 | €3,213 | +€3,184 | +10,834% |
| Profit (loss) for the period before taxes | 9903 | €25,587 | €21,987 | -€3,600 | -14.1% |
| Income taxes | 67/77 | €5,118 | €4,762 | -€356 | -7.0% |
| Profit (loss) for the period | 9904 | €20,469 | €17,225 | -€3,244 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,469 | €17,225 | -€3,244 | -15.8% |
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 18 October 2026 via checked.be.