LUCE: what changed
What changed
LUCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€929,811
2024 · €695,688+€234,123
Equity
€3.1m
2024 · €2.7m+€445,780
Cash
€150,520
2024 · €119,563+€30,957
Balance sheet total
€5.2m
2024 · €5.2m+€7,552
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€950,000
down €950,000 (-40.7%), from €2.3m to €1.4m
- Other debts +€460,105
new in 2025: €460,105
- Reserves +€445,780
up €445,780 (+16.8%), from €2.7m to €3.1m
- Tax, wage and social debts +€67,348
up €67,348 (+40.4%), from €166,503 to €233,851
of which Taxes: +€67,294
Income statement
- Financial income +€223,304
up €223,304 (+98.8%), from €226,052 to €449,356
- Taxes +€34,951
up €34,951 (+13.8%), from €253,338 to €288,289
- Gross operating margin +€20,400
up €20,400 (+2.4%), from €835,937 to €856,337
- Financial charges -€18,913
down €18,913 (-23.6%), from €80,162 to €61,249
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.
Result 2024
€695,688
Gross operating margin
+€20,400
Depreciation
+€5,686
Other operating charges
+€771
Financial income
+€223,304
Financial charges
+€18,913
Taxes
-€34,951
Result 2025
€929,811
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
€0
Financing
-€1.4m
Cash 2024
€119,563
From operations (derived)
+€1.5m
Net result for the year
+€929,811
Depreciation
+€23,406
Trade debts
-€73
Tax, wage and social debts
+€67,348
Other debts
+€460,105
Accrued charges and deferred income
-€15,609
Financing
-€1.4m
Debts after one year
-€950,000
Contributions, distributions and other
-€484,031
Cash 2025
€150,520
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,232,408 | €5,239,960 | +€7,552 | +0.1% |
| Fixed assets | 21/28 | €4,967,690 | €4,944,284 | -€23,406 | -0.5% |
| Tangible fixed assets | 22/27 | €39,690 | €16,284 | -€23,406 | -59.0% |
| Furniture and vehicles | 24 | €35,653 | €12,247 | -€23,406 | -65.6% |
| Other tangible fixed assets | 26 | €4,037 | €4,037 | = | 0.0% |
| Financial fixed assets | 28 | €4,928,000 | €4,928,000 | = | 0.0% |
| Current assets | 29/58 | €264,718 | €295,675 | +€30,957 | +11.7% |
| Amounts receivable within one year | 40/41 | €48,400 | €48,400 | = | 0.0% |
| Trade receivables | 40 | €48,400 | €48,400 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €96,755 | €96,755 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,563 | €150,520 | +€30,957 | +25.9% |
| Total equity and liabilities | 10/49 | €5,232,408 | €5,239,960 | +€7,552 | +0.1% |
| Equity | 10/15 | €2,669,710 | €3,115,490 | +€445,780 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,651,110 | €3,096,890 | +€445,780 | +16.8% |
| Distributable reserves | 133 | €2,651,110 | €3,096,890 | +€445,780 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,562,698 | €2,124,469 | -€438,229 | -17.1% |
| Amounts payable after more than one year | 17 | €2,335,300 | €1,385,300 | -€950,000 | -40.7% |
| Financial debts | 170/4 | €2,335,300 | €1,385,300 | -€950,000 | -40.7% |
| Amounts payable within one year | 42/48 | €168,969 | €696,349 | +€527,380 | +312% |
| Trade debts | 44 | €2,466 | €2,393 | -€73 | -3.0% |
| Suppliers | 440/4 | €2,466 | €2,393 | -€73 | -3.0% |
| Taxes, remuneration and social security | 45 | €166,503 | €233,851 | +€67,348 | +40.4% |
| Taxes | 450/3 | €166,503 | €233,796 | +€67,294 | +40.4% |
| Remuneration and social security | 454/9 | - | €55 | +€55 | |
| Other amounts payable | 47/48 | - | €460,105 | +€460,105 | |
| Accrued charges and deferred income | 492/3 | €58,429 | €42,820 | -€15,609 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,091 | €23,406 | -€5,686 | -19.5% |
| Other operating charges | 640/8 | €3,710 | €2,939 | -€771 | -20.8% |
| Gross operating margin | 9900 | €835,937 | €856,337 | +€20,400 | +2.4% |
| Operating profit (loss) | 9901 | €803,135 | €829,992 | +€26,857 | +3.3% |
| Financial income | 75/76B | €226,052 | €449,356 | +€223,304 | +98.8% |
| Recurring financial income | 75 | €226,052 | €449,356 | +€223,304 | +98.8% |
| Financial charges | 65/66B | €80,162 | €61,249 | -€18,913 | -23.6% |
| Recurring financial charges | 65 | €80,162 | €61,249 | -€18,913 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €949,026 | €1,218,100 | +€269,074 | +28.4% |
| Income taxes | 67/77 | €253,338 | €288,289 | +€34,951 | +13.8% |
| Profit (loss) for the period | 9904 | €695,688 | €929,811 | +€234,123 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €695,688 | €929,811 | +€234,123 | +33.7% |
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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 3 November 2026 via checked.be.