LUCENTIM: 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.
LUCENTIM
Largest movements
- Tangible fixed assets +€72,209
up €72,209 (+156.9%), from €46,012 to €118,221
of which Furniture and vehicles: +€57,996
- Cash -€14,935
down €14,935 (-51.2%), from €29,198 to €14,262
mainly Investment in fixed assets (net) (-€89,621) and Trade debts (-€40,441)
- Receivables within one year -€11,896
down €11,896 (-24.3%), from €48,907 to €37,011
of which Trade receivables: -€14,843
- Stocks and contracts +€5,289
up €5,289 (+8.4%), from €63,259 to €68,548
- Debts after one year +€58,488
up €58,488 (+991.3%), from €5,900 to €64,388
of which Financial debts: +€55,121
- Trade debts -€40,441
down €40,441 (-43.5%), from €92,866 to €52,425
- Reserves +€18,192
up €18,192 (+50.2%), from €36,244 to €54,435
- Other debts +€12,000
up €12,000 (+37.3%), from €32,149 to €44,149
- Current portion of long-term debt +€7,635
up €7,635 (+123.6%), from €6,177 to €13,812
- Gross operating margin -€10,269
down €10,269 (-17.0%), from €60,465 to €50,196
- Taxes -€6,415
down €6,415 (-42.0%), from €15,266 to €8,851
- Depreciation +€1,989
up €1,989 (+12.9%), from €15,423 to €17,411
- Staff costs +€1,490
up €1,490, from €0 to €1,490
- Financial charges +€979
up €979 (+67.6%), from €1,449 to €2,428
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 | €188,902 | €239,313 | +€50,410 | +26.7% |
| Fixed assets | 21/28 | €46,012 | €118,221 | +€72,209 | +156.9% |
| Tangible fixed assets | 22/27 | €46,012 | €118,221 | +€72,209 | +156.9% |
| Land and buildings | 22 | €1,927 | €1,830 | -€97 | -5.0% |
| Plant, machinery and equipment | 23 | €11,283 | €27,787 | +€16,504 | +146.3% |
| Furniture and vehicles | 24 | €21,895 | €79,891 | +€57,996 | +264.9% |
| Other tangible fixed assets | 26 | €10,907 | €8,713 | -€2,194 | -20.1% |
| Current assets | 29/58 | €142,890 | €121,092 | -€21,799 | -15.3% |
| Stocks and contracts in progress | 3 | €63,259 | €68,548 | +€5,289 | +8.4% |
| Stocks | 30/36 | €63,259 | €68,548 | +€5,289 | +8.4% |
| Amounts receivable within one year | 40/41 | €48,907 | €37,011 | -€11,896 | -24.3% |
| Trade receivables | 40 | €44,281 | €29,438 | -€14,843 | -33.5% |
| Other amounts receivable | 41 | €4,626 | €7,573 | +€2,947 | +63.7% |
| Cash at bank and in hand | 54/58 | €29,198 | €14,262 | -€14,935 | -51.2% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,270 | -€256 | -16.8% |
| Total equity and liabilities | 10/49 | €188,902 | €239,313 | +€50,410 | +26.7% |
| Equity | 10/15 | €43,390 | €61,582 | +€18,192 | +41.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,244 | €54,435 | +€18,192 | +50.2% |
| Distributable reserves | 133 | €36,244 | €54,435 | +€18,192 | +50.2% |
| Profit (loss) carried forward | 14 | €947 | €947 | = | 0.0% |
| Amounts payable | 17/49 | €145,512 | €177,731 | +€32,219 | +22.1% |
| Amounts payable after more than one year | 17 | €5,900 | €64,388 | +€58,488 | +991.3% |
| Financial debts | 170/4 | €0 | €55,121 | +€55,121 | |
| Other amounts payable | 178/9 | €5,900 | €9,267 | +€3,367 | +57.1% |
| Amounts payable within one year | 42/48 | €139,612 | €113,343 | -€26,269 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €6,177 | €13,812 | +€7,635 | +123.6% |
| Financial debts | 43 | - | €839 | +€839 | |
| Credit institutions | 430/8 | - | €839 | +€839 | |
| Trade debts | 44 | €92,866 | €52,425 | -€40,441 | -43.5% |
| Suppliers | 440/4 | €92,866 | €52,425 | -€40,441 | -43.5% |
| Taxes, remuneration and social security | 45 | €8,420 | €2,118 | -€6,303 | -74.9% |
| Taxes | 450/3 | €5,467 | €2,118 | -€3,350 | -61.3% |
| Remuneration and social security | 454/9 | €2,953 | €0 | -€2,953 | -100.0% |
| Other amounts payable | 47/48 | €32,149 | €44,149 | +€12,000 | +37.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €1,490 | +€1,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,423 | €17,411 | +€1,989 | +12.9% |
| Other operating charges | 640/8 | €1,044 | €1,760 | +€715 | +68.5% |
| Non-recurring operating charges | 66A | €137 | €1,264 | +€1,128 | +823.9% |
| Gross operating margin | 9900 | €60,465 | €50,196 | -€10,269 | -17.0% |
| Operating profit (loss) | 9901 | €43,861 | €28,271 | -€15,590 | -35.5% |
| Financial income | 75/76B | €1,098 | €1,200 | +€102 | +9.3% |
| Recurring financial income | 75 | €1,098 | €1,087 | -€11 | -1.0% |
| Non-recurring financial income | 76B | - | €114 | +€114 | |
| Financial charges | 65/66B | €1,449 | €2,428 | +€979 | +67.6% |
| Recurring financial charges | 65 | €1,449 | €2,428 | +€979 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €43,510 | €27,043 | -€16,467 | -37.8% |
| Income taxes | 67/77 | €15,266 | €8,851 | -€6,415 | -42.0% |
| Profit (loss) for the period | 9904 | €28,244 | €18,192 | -€10,052 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,244 | €18,192 | -€10,052 | -35.6% |
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 28 September 2026 via checked.be.