LUCASSEN: 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.
LUCASSEN
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-63.6%), from €1.7m to €607,364
- Cash -€19,171
down €19,171 (-42.7%), from €44,909 to €25,738
mainly Other debts (-€1.0m) and Net result for the year (-€59,688)
- Other debts -€1.0m
down €1.0m (-84.7%), from €1.2m to €183,745
- Profit (loss) carried forward -€59,688
down €59,688, from €0 to -€59,688
- Debts after one year -€19,983
down €19,983 (-8.6%), from €233,535 to €213,552
- Gross operating margin -€655,420
down €655,420 (-97.9%), from €669,756 to €14,335
- Taxes -€140,911
down €140,911 (-100.0%), from €140,911 to €0
- Depreciation -€22,570
down €22,570 (-80.7%), from €27,981 to €5,411
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.
Cash bridge derived
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 | €1,876,000 | €783,014 | -€1.1m | -58.3% |
| Fixed assets | 21/28 | €1,668,064 | €607,364 | -€1.1m | -63.6% |
| Tangible fixed assets | 22/27 | €1,668,064 | €607,364 | -€1.1m | -63.6% |
| Land and buildings | 22 | €1,668,064 | €607,364 | -€1.1m | -63.6% |
| Current assets | 29/58 | €207,936 | €175,649 | -€32,287 | -15.5% |
| Amounts receivable within one year | 40/41 | €160,000 | €148,548 | -€11,452 | -7.2% |
| Other amounts receivable | 41 | €160,000 | €148,548 | -€11,452 | -7.2% |
| Cash at bank and in hand | 54/58 | €44,909 | €25,738 | -€19,171 | -42.7% |
| Deferred charges and accrued income | 490/1 | €3,027 | €1,363 | -€1,664 | -55.0% |
| Total equity and liabilities | 10/49 | €1,876,000 | €783,014 | -€1.1m | -58.3% |
| Equity | 10/15 | €277,901 | €218,213 | -€59,688 | -21.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €277,901 | €277,901 | = | 0.0% |
| Distributable reserves | 133 | €277,901 | €277,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€59,688 | -€59,688 | |
| Amounts payable | 17/49 | €1,598,100 | €564,801 | -€1.0m | -64.7% |
| Amounts payable after more than one year | 17 | €233,535 | €213,552 | -€19,983 | -8.6% |
| Financial debts | 170/4 | €233,535 | €213,552 | -€19,983 | -8.6% |
| Amounts payable within one year | 42/48 | €1,362,889 | €350,486 | -€1.0m | -74.3% |
| Current portion of amounts payable after more than one year | 42 | €20,779 | €21,613 | +€835 | +4.0% |
| Trade debts | 44 | €84 | €4,217 | +€4,133 | +4922.5% |
| Suppliers | 440/4 | €84 | €4,217 | +€4,133 | +4922.5% |
| Taxes, remuneration and social security | 45 | €140,911 | €140,911 | +€0 | 0.0% |
| Taxes | 450/3 | €140,911 | €140,911 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €1,201,115 | €183,745 | -€1.0m | -84.7% |
| Accrued charges and deferred income | 492/3 | €1,675 | €762 | -€913 | -54.5% |
| Non-recurring operating income | 76A | €660,933 | €0 | -€660,933 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,981 | €5,411 | -€22,570 | -80.7% |
| Other operating charges | 640/8 | €7,431 | €6,943 | -€489 | -6.6% |
| Non-recurring operating charges | 66A | - | €51,789 | +€51,789 | |
| Gross operating margin | 9900 | €669,756 | €14,335 | -€655,420 | -97.9% |
| Operating profit (loss) | 9901 | €634,344 | -€49,807 | -€684,151 | |
| Financial charges | 65/66B | €10,668 | €9,881 | -€788 | -7.4% |
| Recurring financial charges | 65 | €10,668 | €9,881 | -€788 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €623,675 | -€59,688 | -€683,363 | |
| Income taxes | 67/77 | €140,911 | €0 | -€140,911 | -100.0% |
| Profit (loss) for the period | 9904 | €482,764 | -€59,688 | -€542,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €482,764 | -€59,688 | -€542,452 |
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 9 October 2026 via checked.be.