LUCE D'ORO: 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.
LUCE D'ORO
Largest movements
- Receivables within one year -€3,081
down €3,081 (-68.2%), from €4,520 to €1,439
of which Trade receivables: -€3,352
- Tangible fixed assets -€2,297
down €2,297 (-100%), from €2,297 to €0
- Cash -€1,026
down €1,026 (-95.7%), from €1,072 to €46
mainly Net result for the year (-€6,452) and Trade debts (-€4,055)
- Profit (loss) carried forward -€6,452
down €6,452 (-34.6%), from -€18,637 to -€25,089
- Other debts +€6,110
up €6,110 (+461%), from €1,326 to €7,436
- Trade debts -€4,055
down €4,055 (-59.8%), from €6,784 to €2,730
- Current portion of long-term debt -€3,554
down €3,554 (-76.8%), from €4,631 to €1,076
- Short-term financial debts +€2,353
new in 2024: €2,353
- Gross operating margin -€14,551
down €14,551, from €10,858 to -€3,693
- Depreciation -€2,891
down €2,891 (-100%), from €2,891 to €0
- Other operating charges -€689
down €689 (-79.1%), from €871 to €182
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,189 | €2,785 | -€6,404 | -69.7% |
| Fixed assets | 21/28 | €2,297 | €0 | -€2,297 | -100% |
| Tangible fixed assets | 22/27 | €2,297 | €0 | -€2,297 | -100% |
| Furniture and vehicles | 24 | €2,297 | €0 | -€2,297 | -100% |
| Current assets | 29/58 | €6,892 | €2,785 | -€4,107 | -59.6% |
| Stocks and contracts in progress | 3 | €1,300 | €1,300 | = | 0.0% |
| Stocks | 30/36 | €1,300 | €1,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,520 | €1,439 | -€3,081 | -68.2% |
| Trade receivables | 40 | €4,520 | €1,168 | -€3,352 | -74.2% |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €1,072 | €46 | -€1,026 | -95.7% |
| Total equity and liabilities | 10/49 | €9,189 | €2,785 | -€6,404 | -69.7% |
| Equity | 10/15 | -€4,358 | -€10,810 | -€6,452 | -148% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,884 | €1,884 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,637 | -€25,089 | -€6,452 | -34.6% |
| Amounts payable | 17/49 | €13,547 | €13,595 | +€48 | +0.4% |
| Amounts payable after more than one year | 17 | €718 | €0 | -€718 | -100% |
| Financial debts | 170/4 | €718 | €0 | -€718 | -100% |
| Amounts payable within one year | 42/48 | €12,829 | €13,595 | +€766 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €4,631 | €1,076 | -€3,554 | -76.8% |
| Financial debts | 43 | - | €2,353 | +€2,353 | |
| Credit institutions | 430/8 | - | €2,353 | +€2,353 | |
| Trade debts | 44 | €6,784 | €2,730 | -€4,055 | -59.8% |
| Suppliers | 440/4 | €6,784 | €2,730 | -€4,055 | -59.8% |
| Taxes, remuneration and social security | 45 | €88 | €0 | -€88 | -100% |
| Taxes | 450/3 | €88 | €0 | -€88 | -100% |
| Other amounts payable | 47/48 | €1,326 | €7,436 | +€6,110 | +461% |
| Non-recurring operating income | 76A | €4,820 | €0 | -€4,820 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,891 | €0 | -€2,891 | -100% |
| Other operating charges | 640/8 | €871 | €182 | -€689 | -79.1% |
| Non-recurring operating charges | 66A | - | €1,797 | +€1,797 | |
| Gross operating margin | 9900 | €10,858 | -€3,693 | -€14,551 | |
| Operating profit (loss) | 9901 | €7,097 | -€5,672 | -€12,769 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €815 | €780 | -€35 | -4.3% |
| Recurring financial charges | 65 | €815 | €780 | -€35 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €6,282 | -€6,452 | -€12,734 | |
| Profit (loss) for the period | 9904 | €6,282 | -€6,452 | -€12,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,282 | -€6,452 | -€12,734 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.