LUCATO: 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.
LUCATO
Largest movements
- Cash -€43,621
down €43,621 (-40.7%), from €107,308 to €63,687
mainly Contributions, distributions and other (-€100,000) and Current investments (-€26,445)
- Current investments +€26,445
up €26,445 (+3.4%), from €773,423 to €799,868
- Reserves -€20,332
down €20,332 (-1.8%), from €1.1m to €1.1m
of which Distributable reserves: -€20,332
- Financial income +€27,063
up €27,063 (+47.2%), from €57,325 to €84,388
- Financial charges +€9,299
up €9,299 (+97.3%), from €9,555 to €18,854
of which Non-recurring financial charges: +€10,000
- Gross operating margin -€5,331
down €5,331 (-9.8%), from €54,620 to €49,289
- Taxes +€613
up €613 (+1.9%), from €32,038 to €32,651
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 | €1,516,117 | €1,483,476 | -€32,642 | -2.2% |
| Fixed assets | 21/28 | €609,673 | €597,684 | -€11,989 | -2.0% |
| Tangible fixed assets | 22/27 | €1,740 | €3,532 | +€1,792 | +103% |
| Furniture and vehicles | 24 | €1,740 | €3,532 | +€1,792 | +103% |
| Financial fixed assets | 28 | €607,934 | €594,152 | -€13,781 | -2.3% |
| Current assets | 29/58 | €906,444 | €885,791 | -€20,653 | -2.3% |
| Amounts receivable within one year | 40/41 | €25,503 | €21,881 | -€3,622 | -14.2% |
| Other amounts receivable | 41 | €25,503 | €21,881 | -€3,622 | -14.2% |
| Current investments | 50/53 | €773,423 | €799,868 | +€26,445 | +3.4% |
| Cash at bank and in hand | 54/58 | €107,308 | €63,687 | -€43,621 | -40.7% |
| Deferred charges and accrued income | 490/1 | €210 | €356 | +€146 | +69.3% |
| Total equity and liabilities | 10/49 | €1,516,117 | €1,483,476 | -€32,642 | -2.2% |
| Equity | 10/15 | €1,483,668 | €1,463,336 | -€20,332 | -1.4% |
| Contributions | 10/11 | €353,000 | €353,000 | = | 0.0% |
| Reserves | 13 | €1,130,668 | €1,110,336 | -€20,332 | -1.8% |
| Non-distributable reserves | 130/1 | €16,728 | €16,728 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,728 | €16,728 | = | 0.0% |
| Distributable reserves | 133 | €1,113,940 | €1,093,608 | -€20,332 | -1.8% |
| Amounts payable | 17/49 | €32,449 | €20,140 | -€12,309 | -37.9% |
| Amounts payable within one year | 42/48 | €32,449 | €20,140 | -€12,309 | -37.9% |
| Trade debts | 44 | €1,186 | €1,762 | +€576 | +48.6% |
| Suppliers | 440/4 | €1,186 | €1,762 | +€576 | +48.6% |
| Taxes, remuneration and social security | 45 | €15,010 | €14,717 | -€293 | -2.0% |
| Taxes | 450/3 | €15,010 | €14,717 | -€293 | -2.0% |
| Other amounts payable | 47/48 | €16,254 | €3,661 | -€12,592 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €1,109 | -€46 | -4.0% |
| Other operating charges | 640/8 | €1,219 | €1,395 | +€176 | +14.4% |
| Gross operating margin | 9900 | €54,620 | €49,289 | -€5,331 | -9.8% |
| Operating profit (loss) | 9901 | €52,246 | €46,785 | -€5,461 | -10.5% |
| Financial income | 75/76B | €57,325 | €84,388 | +€27,063 | +47.2% |
| Recurring financial income | 75 | €57,325 | €84,388 | +€27,063 | +47.2% |
| Financial charges | 65/66B | €9,555 | €18,854 | +€9,299 | +97.3% |
| Recurring financial charges | 65 | €9,555 | €8,854 | -€701 | -7.3% |
| Non-recurring financial charges | 66B | - | €10,000 | +€10,000 | |
| Profit (loss) for the period before taxes | 9903 | €100,016 | €112,319 | +€12,303 | +12.3% |
| Income taxes | 67/77 | €32,038 | €32,651 | +€613 | +1.9% |
| Profit (loss) for the period | 9904 | €67,978 | €79,668 | +€11,690 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,978 | €79,668 | +€11,690 | +17.2% |
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 27 October 2026 via checked.be.