LUCERN: 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.
LUCERN
Largest movements
- Receivables within one year +€22,169
up €22,169 (+5.7%), from €386,216 to €408,385
of which Other amounts receivable: +€22,245
- Profit (loss) carried forward +€21,538
up €21,538, from -€7,425 to €14,114
- Gross operating margin +€24,728
up €24,728, from -€2,972 to €21,756
- Other operating charges -€810
down €810 (-87.1%), from €930 to €120
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 | €503,766 | €524,927 | +€21,160 | +4.2% |
| Current assets | 29/58 | €503,766 | €524,927 | +€21,160 | +4.2% |
| Stocks and contracts in progress | 3 | €77,319 | €77,319 | = | 0.0% |
| Stocks | 30/36 | €77,319 | €77,319 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €386,216 | €408,385 | +€22,169 | +5.7% |
| Trade receivables | 40 | €76 | - | -€76 | |
| Other amounts receivable | 41 | €386,140 | €408,385 | +€22,245 | +5.8% |
| Cash at bank and in hand | 54/58 | €38,626 | €37,541 | -€1,085 | -2.8% |
| Deferred charges and accrued income | 490/1 | €1,605 | €1,681 | +€76 | +4.7% |
| Total equity and liabilities | 10/49 | €503,766 | €524,927 | +€21,160 | +4.2% |
| Equity | 10/15 | €491,907 | €513,445 | +€21,538 | +4.4% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €184,332 | €184,332 | = | 0.0% |
| Distributable reserves | 133 | €184,332 | €184,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,425 | €14,114 | +€21,538 | |
| Amounts payable | 17/49 | €11,859 | €11,482 | -€378 | -3.2% |
| Amounts payable within one year | 42/48 | €11,859 | €11,482 | -€378 | -3.2% |
| Trade debts | 44 | €11,859 | €11,482 | -€378 | -3.2% |
| Suppliers | 440/4 | €11,859 | €11,482 | -€378 | -3.2% |
| Other operating charges | 640/8 | €930 | €120 | -€810 | -87.1% |
| Gross operating margin | 9900 | -€2,972 | €21,756 | +€24,728 | |
| Operating profit (loss) | 9901 | -€3,902 | €21,636 | +€25,538 | |
| Financial charges | 65/66B | €110 | €98 | -€12 | -11.0% |
| Recurring financial charges | 65 | €110 | €98 | -€12 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,012 | €21,538 | +€25,550 | |
| Profit (loss) for the period | 9904 | -€4,012 | €21,538 | +€25,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,012 | €21,538 | +€25,550 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.