LUCAS QUERTAIN: 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 QUERTAIN
Largest movements
- Cash -€2,463
down €2,463 (-43.3%), from €5,687 to €3,223
mainly Net result for the year (-€2,647) and Other debts (-€2,430)
- Tangible fixed assets -€1,928
down €1,928 (-37.1%), from €5,193 to €3,265
of which Plant, machinery and equipment: -€1,459
- Stocks and contracts +€1,794
new in 2025: €1,794
- Receivables within one year -€414
down €414 (-2.8%), from €14,892 to €14,478
of which Trade receivables: -€4,115
- Trade debts +€3,682
up €3,682 (+317%), from €1,162 to €4,844
- Profit (loss) carried forward -€2,647
down €2,647 (-23.2%), from €11,412 to €8,765
- Other debts -€2,430
no longer reported in 2025 (was €2,430)
- Tax, wage and social debts -€1,755
down €1,755 (-26.7%), from €6,573 to €4,818
- Gross operating margin -€23,815
down €23,815 (-93.3%), from €25,527 to €1,712
- Financial charges -€7,167
down €7,167 (-90.0%), from €7,959 to €792
of which Non-recurring financial charges: -€6,084
- Taxes -€3,105
down €3,105 (-92.4%), from €3,361 to €257
- Other operating charges +€728
up €728 (+98.8%), from €737 to €1,465
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 | €26,577 | €23,427 | -€3,150 | -11.9% |
| Fixed assets | 21/28 | €5,959 | €3,931 | -€2,028 | -34.0% |
| Intangible fixed assets | 21 | €767 | €667 | -€100 | -13.0% |
| Tangible fixed assets | 22/27 | €5,193 | €3,265 | -€1,928 | -37.1% |
| Plant, machinery and equipment | 23 | €4,124 | €2,666 | -€1,459 | -35.4% |
| Furniture and vehicles | 24 | €1,068 | €599 | -€469 | -43.9% |
| Current assets | 29/58 | €20,618 | €19,496 | -€1,123 | -5.4% |
| Stocks and contracts in progress | 3 | - | €1,794 | +€1,794 | |
| Stocks | 30/36 | - | €1,794 | +€1,794 | |
| Amounts receivable within one year | 40/41 | €14,892 | €14,478 | -€414 | -2.8% |
| Trade receivables | 40 | €9,875 | €5,760 | -€4,115 | -41.7% |
| Other amounts receivable | 41 | €5,017 | €8,718 | +€3,701 | +73.8% |
| Cash at bank and in hand | 54/58 | €5,687 | €3,223 | -€2,463 | -43.3% |
| Deferred charges and accrued income | 490/1 | €40 | - | -€40 | |
| Total equity and liabilities | 10/49 | €26,577 | €23,427 | -€3,150 | -11.9% |
| Equity | 10/15 | €16,412 | €13,765 | -€2,647 | -16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,412 | €8,765 | -€2,647 | -23.2% |
| Amounts payable | 17/49 | €10,165 | €9,662 | -€503 | -4.9% |
| Amounts payable within one year | 42/48 | €10,165 | €9,662 | -€503 | -4.9% |
| Trade debts | 44 | €1,162 | €4,844 | +€3,682 | +317% |
| Suppliers | 440/4 | €1,162 | €4,844 | +€3,682 | +317% |
| Taxes, remuneration and social security | 45 | €6,573 | €4,818 | -€1,755 | -26.7% |
| Taxes | 450/3 | €6,573 | €4,818 | -€1,755 | -26.7% |
| Other amounts payable | 47/48 | €2,430 | - | -€2,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,858 | €2,028 | +€170 | +9.2% |
| Other operating charges | 640/8 | €737 | €1,465 | +€728 | +98.8% |
| Gross operating margin | 9900 | €25,527 | €1,712 | -€23,815 | -93.3% |
| Operating profit (loss) | 9901 | €22,932 | -€1,781 | -€24,714 | |
| Financial income | 75/76B | €392 | €183 | -€209 | -53.3% |
| Recurring financial income | 75 | €392 | €183 | -€209 | -53.3% |
| Financial charges | 65/66B | €7,959 | €792 | -€7,167 | -90.0% |
| Recurring financial charges | 65 | €1,876 | €792 | -€1,084 | -57.8% |
| Non-recurring financial charges | 66B | €6,084 | - | -€6,084 | |
| Profit (loss) for the period before taxes | 9903 | €15,365 | -€2,391 | -€17,756 | |
| Income taxes | 67/77 | €3,361 | €257 | -€3,105 | -92.4% |
| Profit (loss) for the period | 9904 | €12,004 | -€2,647 | -€14,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,004 | -€2,647 | -€14,651 |
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 28 October 2026 via checked.be.