LUCEVALLA: 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.
LUCEVALLA
Largest movements
- Tangible fixed assets -€16,043
down €16,043 (-2.8%), from €567,340 to €551,297
of which Land and buildings: -€12,702
- Cash +€13,297
up €13,297 (+12.0%), from €111,203 to €124,500
mainly Depreciation (+€24,413) and Net result for the year (+€10,344)
- Debts after one year -€18,001
down €18,001 (-4.1%), from €440,550 to €422,549
- Profit (loss) carried forward +€10,344
up €10,344 (+5.8%), from €178,773 to €189,117
- Financial charges +€15,499
up €15,499 (+212.1%), from €7,307 to €22,806
- Depreciation -€13,271
down €13,271 (-35.2%), from €37,684 to €24,413
- Gross operating margin -€10,696
down €10,696 (-4.8%), from €220,758 to €210,062
- Taxes -€5,383
down €5,383 (-68.9%), from €7,808 to €2,424
- Staff costs +€4,928
up €4,928 (+3.6%), from €137,079 to €142,006
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 | €707,704 | €701,875 | -€5,830 | -0.8% |
| Fixed assets | 21/28 | €567,340 | €551,297 | -€16,043 | -2.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €567,340 | €551,297 | -€16,043 | -2.8% |
| Land and buildings | 22 | €547,178 | €534,476 | -€12,702 | -2.3% |
| Plant, machinery and equipment | 23 | €20,162 | €16,181 | -€3,981 | -19.7% |
| Furniture and vehicles | 24 | €0 | €640 | +€640 | |
| Current assets | 29/58 | €140,364 | €150,577 | +€10,213 | +7.3% |
| Stocks and contracts in progress | 3 | €12,862 | €15,975 | +€3,113 | +24.2% |
| Stocks | 30/36 | €12,862 | €15,975 | +€3,113 | +24.2% |
| Amounts receivable within one year | 40/41 | €14,744 | €8,678 | -€6,066 | -41.1% |
| Trade receivables | 40 | €8,611 | €118 | -€8,492 | -98.6% |
| Other amounts receivable | 41 | €6,133 | €8,560 | +€2,427 | +39.6% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,203 | €124,500 | +€13,297 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,419 | -€131 | -8.5% |
| Total equity and liabilities | 10/49 | €707,704 | €701,875 | -€5,830 | -0.8% |
| Equity | 10/15 | €203,773 | €214,117 | +€10,344 | +5.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,773 | €189,117 | +€10,344 | +5.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €503,931 | €487,758 | -€16,173 | -3.2% |
| Amounts payable after more than one year | 17 | €440,550 | €422,549 | -€18,001 | -4.1% |
| Financial debts | 170/4 | €440,550 | €422,549 | -€18,001 | -4.1% |
| Amounts payable within one year | 42/48 | €63,381 | €65,209 | +€1,828 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €18,522 | €19,264 | +€742 | +4.0% |
| Trade debts | 44 | €19,142 | €16,376 | -€2,766 | -14.4% |
| Suppliers | 440/4 | €19,142 | €16,376 | -€2,766 | -14.4% |
| Taxes, remuneration and social security | 45 | €23,417 | €27,170 | +€3,752 | +16.0% |
| Taxes | 450/3 | €12,350 | €10,119 | -€2,231 | -18.1% |
| Remuneration and social security | 454/9 | €11,067 | €17,051 | +€5,984 | +54.1% |
| Other amounts payable | 47/48 | €2,300 | €2,400 | +€100 | +4.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €267,933 | €264,675 | -€3,258 | -1.2% |
| Remuneration, social security and pensions | 62 | €137,079 | €142,006 | +€4,928 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,684 | €24,413 | -€13,271 | -35.2% |
| Other operating charges | 640/8 | €9,099 | €8,069 | -€1,029 | -11.3% |
| Gross operating margin | 9900 | €220,758 | €210,062 | -€10,696 | -4.8% |
| Operating profit (loss) | 9901 | €36,897 | €35,573 | -€1,324 | -3.6% |
| Financial income | 75/76B | €3,313 | €1 | -€3,312 | -100.0% |
| Recurring financial income | 75 | €3,313 | €1 | -€3,312 | -100.0% |
| Financial charges | 65/66B | €7,307 | €22,806 | +€15,499 | +212.1% |
| Recurring financial charges | 65 | €7,307 | €22,806 | +€15,499 | +212.1% |
| Profit (loss) for the period before taxes | 9903 | €32,902 | €12,768 | -€20,134 | -61.2% |
| Income taxes | 67/77 | €7,808 | €2,424 | -€5,383 | -68.9% |
| Profit (loss) for the period | 9904 | €25,095 | €10,344 | -€14,751 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,095 | €10,344 | -€14,751 | -58.8% |
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 4 October 2026 via checked.be.