LUCELE: what changed
Two fiscal 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.
LUCELE
Largest movements
- Receivables after one year +€105,000
up €105,000 (+2100.0%), from €5,000 to €110,000
- Cash -€35,004
down €35,004 (-36.7%), from €95,448 to €60,444
mainly Contributions, distributions and other (-€175,298) and Receivables after one year (-€105,000)
- Tangible fixed assets +€5,745
up €5,745 (+19.7%), from €29,165 to €34,910
of which Other tangible fixed assets: +€6,223
- Other debts +€176,138
up €176,138 (+9987.7%), from €1,764 to €177,901
- Reserves -€106,446
down €106,446 (-89.5%), from €118,961 to €12,515
- Tax, wage and social debts +€3,511
up €3,511 (+42.7%), from €8,226 to €11,737
of which Remuneration and social security: +€4,250
- Gross operating margin +€10,297
up €10,297 (+12.0%), from €86,058 to €96,356
- Depreciation +€4,309
up €4,309 (+111.4%), from €3,869 to €8,178
- Financial income +€1,700
up €1,700 (+2684.9%), from €63 to €1,763
- Taxes +€1,662
up €1,662 (+9.3%), from €17,916 to €19,578
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 | €153,482 | €229,680 | +€76,198 | +49.6% |
| Fixed assets | 21/28 | €29,165 | €34,910 | +€5,745 | +19.7% |
| Tangible fixed assets | 22/27 | €29,165 | €34,910 | +€5,745 | +19.7% |
| Furniture and vehicles | 24 | €478 | €0 | -€478 | -100.0% |
| Other tangible fixed assets | 26 | €28,687 | €34,910 | +€6,223 | +21.7% |
| Current assets | 29/58 | €124,318 | €194,770 | +€70,452 | +56.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €110,000 | +€105,000 | +2100.0% |
| Other amounts receivable | 291 | €5,000 | €110,000 | +€105,000 | +2100.0% |
| Amounts receivable within one year | 40/41 | €23,286 | €23,538 | +€252 | +1.1% |
| Trade receivables | 40 | €23,286 | €23,538 | +€252 | +1.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €95,448 | €60,444 | -€35,004 | -36.7% |
| Deferred charges and accrued income | 490/1 | €584 | €788 | +€204 | +35.0% |
| Total equity and liabilities | 10/49 | €153,482 | €229,680 | +€76,198 | +49.6% |
| Equity | 10/15 | €137,561 | €31,115 | -€106,446 | -77.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,961 | €12,515 | -€106,446 | -89.5% |
| Distributable reserves | 133 | €118,961 | €12,515 | -€106,446 | -89.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,922 | €198,565 | +€182,643 | +1147.1% |
| Amounts payable within one year | 42/48 | €12,821 | €194,464 | +€181,643 | +1416.8% |
| Trade debts | 44 | €2,832 | €4,826 | +€1,994 | +70.4% |
| Suppliers | 440/4 | €2,832 | €4,826 | +€1,994 | +70.4% |
| Taxes, remuneration and social security | 45 | €8,226 | €11,737 | +€3,511 | +42.7% |
| Taxes | 450/3 | €8,226 | €7,487 | -€739 | -9.0% |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €1,764 | €177,901 | +€176,138 | +9987.7% |
| Accrued charges and deferred income | 492/3 | €3,101 | €4,101 | +€1,000 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,869 | €8,178 | +€4,309 | +111.4% |
| Other operating charges | 640/8 | €1,754 | €1,331 | -€423 | -24.1% |
| Gross operating margin | 9900 | €86,058 | €96,356 | +€10,297 | +12.0% |
| Operating profit (loss) | 9901 | €80,435 | €86,847 | +€6,412 | +8.0% |
| Financial income | 75/76B | €63 | €1,763 | +€1,700 | +2684.9% |
| Recurring financial income | 75 | €63 | €1,763 | +€1,700 | +2684.9% |
| Financial charges | 65/66B | €235 | €179 | -€56 | -23.8% |
| Recurring financial charges | 65 | €235 | €179 | -€56 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €80,264 | €88,431 | +€8,168 | +10.2% |
| Income taxes | 67/77 | €17,916 | €19,578 | +€1,662 | +9.3% |
| Profit (loss) for the period | 9904 | €62,347 | €68,853 | +€6,506 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,347 | €68,853 | +€6,506 | +10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.