LUCETTE: 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.
LUCETTE
Largest movements
- Cash -€1.1m
down €1.1m (-74.4%), from €1.4m to €368,509
mainly Other debts (-€1.0m) and Contributions, distributions and other (-€400,000)
- Current investments -€117,550
down €117,550 (-16.5%), from €710,419 to €592,868
- Intangible fixed assets -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Other debts -€1.0m
down €1.0m (-99.8%), from €1.0m to €1,646
- Tax, wage and social debts -€180,000
no longer reported in 2025 (was €180,000)
- Profit (loss) carried forward -€47,865
down €47,865 (-4.3%), from €1.1m to €1.1m
- Gross operating margin -€99,544
down €99,544 (-15.1%), from €657,988 to €558,444
- Taxes -€34,138
down €34,138 (-23.7%), from €144,192 to €110,054
- Financial charges +€26,601
up €26,601 (+42.2%), from €63,098 to €89,698
- Financial income -€7,721
down €7,721 (-26.6%), from €29,021 to €21,300
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 | €2,326,007 | €1,091,775 | -€1.2m | -53.1% |
| Fixed assets | 21/28 | €130,307 | €102,792 | -€27,515 | -21.1% |
| Intangible fixed assets | 21 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Tangible fixed assets | 22/27 | €5,307 | €2,792 | -€2,515 | -47.4% |
| Plant, machinery and equipment | 23 | €3,816 | €1,823 | -€1,993 | -52.2% |
| Furniture and vehicles | 24 | €1,491 | €968 | -€523 | -35.0% |
| Current assets | 29/58 | €2,195,700 | €988,984 | -€1.2m | -55.0% |
| Amounts receivable within one year | 40/41 | €5,476 | €1,336 | -€4,140 | -75.6% |
| Other amounts receivable | 41 | €5,476 | €1,336 | -€4,140 | -75.6% |
| Current investments | 50/53 | €710,419 | €592,868 | -€117,550 | -16.5% |
| Cash at bank and in hand | 54/58 | €1,438,535 | €368,509 | -€1.1m | -74.4% |
| Deferred charges and accrued income | 490/1 | €41,270 | €26,270 | -€15,000 | -36.3% |
| Total equity and liabilities | 10/49 | €2,326,007 | €1,091,775 | -€1.2m | -53.1% |
| Equity | 10/15 | €1,122,861 | €1,074,996 | -€47,865 | -4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,112,861 | €1,064,996 | -€47,865 | -4.3% |
| Amounts payable | 17/49 | €1,203,146 | €16,780 | -€1.2m | -98.6% |
| Amounts payable within one year | 42/48 | €1,200,852 | €7,908 | -€1.2m | -99.3% |
| Trade debts | 44 | - | €6,262 | +€6,262 | |
| Suppliers | 440/4 | - | €6,262 | +€6,262 | |
| Taxes, remuneration and social security | 45 | €180,000 | - | -€180,000 | |
| Taxes | 450/3 | €180,000 | - | -€180,000 | |
| Other amounts payable | 47/48 | €1,020,852 | €1,646 | -€1.0m | -99.8% |
| Accrued charges and deferred income | 492/3 | €2,294 | €8,872 | +€6,578 | +286.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,515 | €27,515 | = | 0.0% |
| Other operating charges | 640/8 | €334 | €342 | +€9 | +2.6% |
| Non-recurring operating charges | 66A | €746 | - | -€746 | |
| Gross operating margin | 9900 | €657,988 | €558,444 | -€99,544 | -15.1% |
| Operating profit (loss) | 9901 | €629,393 | €530,586 | -€98,807 | -15.7% |
| Financial income | 75/76B | €29,021 | €21,300 | -€7,721 | -26.6% |
| Recurring financial income | 75 | €29,021 | €21,300 | -€7,721 | -26.6% |
| Financial charges | 65/66B | €63,098 | €89,698 | +€26,601 | +42.2% |
| Recurring financial charges | 65 | €63,098 | €89,698 | +€26,601 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €595,317 | €462,189 | -€133,129 | -22.4% |
| Income taxes | 67/77 | €144,192 | €110,054 | -€34,138 | -23.7% |
| Profit (loss) for the period | 9904 | €451,125 | €352,135 | -€98,990 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €451,125 | €352,135 | -€98,990 | -21.9% |
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 5 October 2026 via checked.be.