LUCENTUM: 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.
LUCENTUM
Largest movements
- Receivables within one year -€187,932
down €187,932 (-59.4%), from €316,494 to €128,562
of which Other amounts receivable: -€139,532
- Cash -€72,818
down €72,818 (-49.3%), from €147,621 to €74,803
mainly Debts after one year (-€183,902) and Net result for the year (-€95,877)
- Tangible fixed assets -€52,096
down €52,096 (-2.5%), from €2.1m to €2.0m
of which Land and buildings: -€49,991
- Debts after one year -€183,902
down €183,902 (-6.8%), from €2.7m to €2.5m
- Profit (loss) carried forward -€95,877
down €95,877 (-26.7%), from -€359,552 to -€455,430
- Depreciation -€53,267
down €53,267 (-40.7%), from €130,911 to €77,644
- Gross operating margin -€9,032
down €9,032 (-80.0%), from -€11,283 to -€20,314
- Financial income -€3,189
down €3,189 (-45.6%), from €6,993 to €3,804
- Financial charges -€2,177
down €2,177 (-86.2%), from €2,524 to €347
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 | €2,612,804 | €2,314,587 | -€298,218 | -11.4% |
| Fixed assets | 21/28 | €2,084,772 | €2,032,676 | -€52,096 | -2.5% |
| Tangible fixed assets | 22/27 | €2,069,772 | €2,017,676 | -€52,096 | -2.5% |
| Land and buildings | 22 | €2,066,150 | €2,016,159 | -€49,991 | -2.4% |
| Furniture and vehicles | 24 | €3,622 | €1,517 | -€2,105 | -58.1% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €528,032 | €281,911 | -€246,122 | -46.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €316,494 | €128,562 | -€187,932 | -59.4% |
| Trade receivables | 40 | €48,400 | €0 | -€48,400 | -100% |
| Other amounts receivable | 41 | €268,094 | €128,562 | -€139,532 | -52.0% |
| Cash at bank and in hand | 54/58 | €147,621 | €74,803 | -€72,818 | -49.3% |
| Deferred charges and accrued income | 490/1 | €13,916 | €28,545 | +€14,629 | +105% |
| Total equity and liabilities | 10/49 | €2,612,804 | €2,314,587 | -€298,218 | -11.4% |
| Equity | 10/15 | -€114,537 | -€210,415 | -€95,877 | -83.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,615 | €232,615 | = | 0.0% |
| Distributable reserves | 133 | €232,615 | €232,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,552 | -€455,430 | -€95,877 | -26.7% |
| Amounts payable | 17/49 | €2,727,342 | €2,525,001 | -€202,340 | -7.4% |
| Amounts payable after more than one year | 17 | €2,707,701 | €2,523,799 | -€183,902 | -6.8% |
| Other amounts payable | 178/9 | €2,707,701 | €2,523,799 | -€183,902 | -6.8% |
| Amounts payable within one year | 42/48 | €19,640 | €1,202 | -€18,438 | -93.9% |
| Trade debts | 44 | €14,944 | €735 | -€14,209 | -95.1% |
| Suppliers | 440/4 | €14,944 | €735 | -€14,209 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,697 | €467 | -€4,230 | -90.0% |
| Taxes | 450/3 | €4,697 | €467 | -€4,230 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,911 | €77,644 | -€53,267 | -40.7% |
| Other operating charges | 640/8 | €1,236 | €1,254 | +€17 | +1.4% |
| Gross operating margin | 9900 | -€11,283 | -€20,314 | -€9,032 | -80.0% |
| Operating profit (loss) | 9901 | -€143,430 | -€99,212 | +€44,218 | +30.8% |
| Financial income | 75/76B | €6,993 | €3,804 | -€3,189 | -45.6% |
| Recurring financial income | 75 | €6,993 | €3,804 | -€3,189 | -45.6% |
| Financial charges | 65/66B | €2,524 | €347 | -€2,177 | -86.2% |
| Recurring financial charges | 65 | €2,524 | €347 | -€2,177 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | -€138,961 | -€95,756 | +€43,205 | +31.1% |
| Income taxes | 67/77 | €239 | €122 | -€117 | -49.1% |
| Profit (loss) for the period | 9904 | -€139,200 | -€95,877 | +€43,322 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,200 | -€95,877 | +€43,322 | +31.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.