LUCH: what changed
What changed
LUCH
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€41,261
2025 · -€993-€40,268
Equity
€69,624
2025 · €110,885-€41,261
Cash
€5,837
2025 · €2,055+€3,781
Balance sheet total
€1.0m
2025 · €933,110+€78,530
Largest movements
Assets
- Financial fixed assets +€65,000
up €65,000 (+7.0%), from €926,000 to €991,000
- Receivables within one year +€12,177
up €12,177 (+612%), from €1,991 to €14,168
of which Trade receivables: +€12,958
Equity and liabilities
- Other debts +€83,926
up €83,926 (+18.3%), from €459,210 to €543,137
- Profit (loss) carried forward -€41,261
down €41,261 (-44.7%), from €92,285 to €51,024
- Debts after one year +€35,942
up €35,942 (+10.8%), from €333,472 to €369,415
Income statement
- Gross operating margin -€37,779
down €37,779, from €26,354 to -€11,425
- Financial charges +€1,744
up €1,744 (+6.8%), from €25,616 to €27,360
- Other operating charges +€868
up €868 (+128%), from €680 to €1,547
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€993
Gross operating margin
-€37,779
Depreciation
+€77
Other operating charges
-€868
Financial charges
-€1,744
Taxes
+€45
Result 2026
-€41,261
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,346
Investment
-€65,000
Financing
+€38,435
Cash 2025
€2,055
From operations (derived)
+€30,346
Net result for the year
-€41,261
Depreciation
+€731
Receivables within one year
-€12,177
Deferred charges and accrued income
+€1,698
Trade debts
-€1,522
Tax, wage and social debts
-€1,050
Other debts
+€83,926
Investment (derived)
-€65,000
Investment in fixed assets (net)
-€65,000
Financing
+€38,435
Debts after one year
+€35,942
Current portion of long-term debt
+€2,493
Cash 2026
€5,837
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €933,110 | €1,011,640 | +€78,530 | +8.4% |
| Fixed assets | 21/28 | €927,366 | €991,635 | +€64,269 | +6.9% |
| Tangible fixed assets | 22/27 | €1,366 | €635 | -€731 | -53.5% |
| Plant, machinery and equipment | 23 | €1,366 | €635 | -€731 | -53.5% |
| Financial fixed assets | 28 | €926,000 | €991,000 | +€65,000 | +7.0% |
| Current assets | 29/58 | €5,744 | €20,005 | +€14,261 | +248% |
| Amounts receivable within one year | 40/41 | €1,991 | €14,168 | +€12,177 | +612% |
| Trade receivables | 40 | €1,210 | €14,168 | +€12,958 | +1,071% |
| Other amounts receivable | 41 | €781 | - | -€781 | |
| Cash at bank and in hand | 54/58 | €2,055 | €5,837 | +€3,781 | +184% |
| Deferred charges and accrued income | 490/1 | €1,698 | - | -€1,698 | |
| Total equity and liabilities | 10/49 | €933,110 | €1,011,640 | +€78,530 | +8.4% |
| Equity | 10/15 | €110,885 | €69,624 | -€41,261 | -37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,285 | €51,024 | -€41,261 | -44.7% |
| Amounts payable | 17/49 | €822,225 | €942,015 | +€119,790 | +14.6% |
| Amounts payable after more than one year | 17 | €333,472 | €369,415 | +€35,942 | +10.8% |
| Financial debts | 170/4 | €333,472 | €369,415 | +€35,942 | +10.8% |
| Amounts payable within one year | 42/48 | €488,753 | €572,601 | +€83,848 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €25,957 | €28,450 | +€2,493 | +9.6% |
| Trade debts | 44 | €2,232 | €711 | -€1,522 | -68.2% |
| Suppliers | 440/4 | €2,232 | €711 | -€1,522 | -68.2% |
| Taxes, remuneration and social security | 45 | €1,354 | €304 | -€1,050 | -77.6% |
| Taxes | 450/3 | €1,354 | €304 | -€1,050 | -77.6% |
| Other amounts payable | 47/48 | €459,210 | €543,137 | +€83,926 | +18.3% |
| Non-recurring operating income | 76A | €1,247 | - | -€1,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €731 | -€77 | -9.5% |
| Other operating charges | 640/8 | €680 | €1,547 | +€868 | +128% |
| Gross operating margin | 9900 | €26,354 | -€11,425 | -€37,779 | |
| Operating profit (loss) | 9901 | €24,866 | -€13,704 | -€38,569 | |
| Financial charges | 65/66B | €25,616 | €27,360 | +€1,744 | +6.8% |
| Recurring financial charges | 65 | €25,616 | €27,360 | +€1,744 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€751 | -€41,064 | -€40,313 | -5,370% |
| Income taxes | 67/77 | €242 | €197 | -€45 | -18.6% |
| Profit (loss) for the period | 9904 | -€993 | -€41,261 | -€40,268 | -4,057% |
| Profit (loss) for the period to be appropriated | 9905 | -€993 | -€41,261 | -€40,268 | -4,057% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.