LUCET: 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.
LUCET
Largest movements
- Cash -€38,277
down €38,277 (-46.3%), from €82,714 to €44,438
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€12,357)
- Receivables within one year +€12,357
up €12,357 (+80.9%), from €15,280 to €27,636
of which Trade receivables: +€12,625
- Deferred charges and accrued income -€1,557
down €1,557 (-55.5%), from €2,806 to €1,249
- Tangible fixed assets -€1,523
down €1,523 (-19.0%), from €7,998 to €6,475
of which Furniture and vehicles: -€1,196
- Profit (loss) carried forward -€70,056
down €70,056 (-72.6%), from €96,494 to €26,437
- Other debts +€29,750
new in 2025: €29,750
- Tax, wage and social debts +€10,940
up €10,940 (+162.3%), from €6,740 to €17,679
- Gross operating margin +€6,744
up €6,744 (+11.0%), from €61,540 to €68,285
- Financial charges +€3,091
up €3,091 (+1127.5%), from €274 to €3,365
- Depreciation -€2,281
down €2,281 (-35.0%), from €6,509 to €4,228
- Taxes +€2,135
up €2,135 (+17.2%), from €12,409 to €14,544
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 | €108,798 | €79,798 | -€29,001 | -26.7% |
| Fixed assets | 21/28 | €7,998 | €6,475 | -€1,523 | -19.0% |
| Tangible fixed assets | 22/27 | €7,998 | €6,475 | -€1,523 | -19.0% |
| Plant, machinery and equipment | 23 | €970 | €838 | -€132 | -13.6% |
| Furniture and vehicles | 24 | €5,096 | €3,899 | -€1,196 | -23.5% |
| Other tangible fixed assets | 26 | €1,933 | €1,738 | -€195 | -10.1% |
| Current assets | 29/58 | €100,800 | €73,323 | -€27,477 | -27.3% |
| Amounts receivable within one year | 40/41 | €15,280 | €27,636 | +€12,357 | +80.9% |
| Trade receivables | 40 | €15,000 | €27,625 | +€12,625 | +84.2% |
| Other amounts receivable | 41 | €280 | €11 | -€268 | -96.0% |
| Cash at bank and in hand | 54/58 | €82,714 | €44,438 | -€38,277 | -46.3% |
| Deferred charges and accrued income | 490/1 | €2,806 | €1,249 | -€1,557 | -55.5% |
| Total equity and liabilities | 10/49 | €108,798 | €79,798 | -€29,001 | -26.7% |
| Equity | 10/15 | €99,494 | €29,437 | -€70,056 | -70.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,494 | €26,437 | -€70,056 | -72.6% |
| Amounts payable | 17/49 | €9,304 | €50,360 | +€41,056 | +441.3% |
| Amounts payable within one year | 42/48 | €9,304 | €50,360 | +€41,056 | +441.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,565 | €2,931 | +€366 | +14.3% |
| Suppliers | 440/4 | €2,565 | €2,931 | +€366 | +14.3% |
| Taxes, remuneration and social security | 45 | €6,740 | €17,679 | +€10,940 | +162.3% |
| Taxes | 450/3 | €6,740 | €17,679 | +€10,940 | +162.3% |
| Other amounts payable | 47/48 | - | €29,750 | +€29,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,509 | €4,228 | -€2,281 | -35.0% |
| Other operating charges | 640/8 | €891 | €1,273 | +€383 | +42.9% |
| Gross operating margin | 9900 | €61,540 | €68,285 | +€6,744 | +11.0% |
| Operating profit (loss) | 9901 | €54,140 | €62,784 | +€8,643 | +16.0% |
| Financial income | 75/76B | €10 | €69 | +€59 | +575.7% |
| Recurring financial income | 75 | €10 | €69 | +€59 | +575.7% |
| Financial charges | 65/66B | €274 | €3,365 | +€3,091 | +1127.5% |
| Recurring financial charges | 65 | €274 | €3,365 | +€3,091 | +1127.5% |
| Profit (loss) for the period before taxes | 9903 | €53,876 | €59,488 | +€5,611 | +10.4% |
| Income taxes | 67/77 | €12,409 | €14,544 | +€2,135 | +17.2% |
| Profit (loss) for the period | 9904 | €41,468 | €44,944 | +€3,476 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,468 | €44,944 | +€3,476 | +8.4% |
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 7 October 2026 via checked.be.