LUCHIA: 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.
What changed
LUCHIA
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,640
2024 · €688-€11,329
Equity
-€53,958
2024 · -€43,318-€10,640
Cash
€16,909
2024 · €10,210+€6,700
Balance sheet total
€1.1m
2024 · €1.1m-€24,787
Largest movements
Assets
- Tangible fixed assets -€32,202
down €32,202 (-3.2%), from €1.0m to €983,213
of which Land and buildings: -€33,188
Equity and liabilities
- Debts after one year -€20,228
down €20,228 (-3.9%), from €513,284 to €493,057
Income statement
- Other operating charges +€6,845
up €6,845 (+284.2%), from €2,408 to €9,254
- Gross operating margin -€5,084
down €5,084 (-8.4%), from €60,211 to €55,127
- Financial charges -€923
down €923 (-4.5%), from €20,690 to €19,767
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.
Result 2024
€688
Gross operating margin
-€5,084
Staff costs
-€364
Depreciation
-€70
Other operating charges
-€6,845
Financial income
+€120
Financial charges
+€923
Taxes
-€9
Result 2025
-€10,640
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.
From operations
+€27,357
Investment
-€1,222
Financing
-€19,435
Cash 2024
€10,210
From operations (derived)
+€27,357
Net result for the year
-€10,640
Depreciation
+€33,425
Receivables within one year
+€5
Deferred charges and accrued income
-€722
Trade debts
-€1,708
Tax, wage and social debts
-€1,242
Other debts
+€7,258
Accrued charges and deferred income
+€982
Investment (derived)
-€1,222
Investment in fixed assets (net)
-€1,222
Financing
-€19,435
Debts after one year
-€20,228
Current portion of long-term debt
+€743
Short-term financial debts
+€49
Cash 2025
€16,909
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,092,962 | €1,068,175 | -€24,787 | -2.3% |
| Fixed assets | 21/28 | €1,015,466 | €983,263 | -€32,202 | -3.2% |
| Tangible fixed assets | 22/27 | €1,015,416 | €983,213 | -€32,202 | -3.2% |
| Land and buildings | 22 | €1,014,383 | €981,195 | -€33,188 | -3.3% |
| Plant, machinery and equipment | 23 | €1,033 | €833 | -€200 | -19.4% |
| Furniture and vehicles | 24 | - | €1,185 | +€1,185 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €77,496 | €84,912 | +€7,416 | +9.6% |
| Stocks and contracts in progress | 3 | €65,000 | €65,000 | = | 0.0% |
| Stocks | 30/36 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,286 | €2,281 | -€5 | -0.2% |
| Trade receivables | 40 | - | €998 | +€998 | |
| Other amounts receivable | 41 | €2,286 | €1,282 | -€1,004 | -43.9% |
| Cash at bank and in hand | 54/58 | €10,210 | €16,909 | +€6,700 | +65.6% |
| Deferred charges and accrued income | 490/1 | - | €722 | +€722 | |
| Total equity and liabilities | 10/49 | €1,092,962 | €1,068,175 | -€24,787 | -2.3% |
| Equity | 10/15 | -€43,318 | -€53,958 | -€10,640 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,378 | -€62,018 | -€10,640 | -20.7% |
| Amounts payable | 17/49 | €1,136,280 | €1,122,133 | -€14,146 | -1.2% |
| Amounts payable after more than one year | 17 | €513,284 | €493,057 | -€20,228 | -3.9% |
| Financial debts | 170/4 | €513,284 | €493,057 | -€20,228 | -3.9% |
| Amounts payable within one year | 42/48 | €622,035 | €627,135 | +€5,100 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €19,484 | €20,228 | +€743 | +3.8% |
| Financial debts | 43 | €247 | €296 | +€49 | +19.9% |
| Credit institutions | 430/8 | €247 | €296 | +€49 | +19.9% |
| Trade debts | 44 | €3,056 | €1,348 | -€1,708 | -55.9% |
| Suppliers | 440/4 | €3,056 | €1,348 | -€1,708 | -55.9% |
| Taxes, remuneration and social security | 45 | €2,703 | €1,461 | -€1,242 | -46.0% |
| Remuneration and social security | 454/9 | €2,703 | €1,461 | -€1,242 | -46.0% |
| Other amounts payable | 47/48 | €596,545 | €603,803 | +€7,258 | +1.2% |
| Accrued charges and deferred income | 492/3 | €960 | €1,942 | +€982 | +102.2% |
| Remuneration, social security and pensions | 62 | €3,099 | €3,463 | +€364 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,355 | €33,425 | +€70 | +0.2% |
| Other operating charges | 640/8 | €2,408 | €9,254 | +€6,845 | +284.2% |
| Gross operating margin | 9900 | €60,211 | €55,127 | -€5,084 | -8.4% |
| Operating profit (loss) | 9901 | €21,349 | €8,986 | -€12,363 | -57.9% |
| Financial income | 75/76B | €30 | €150 | +€120 | +400.3% |
| Recurring financial income | 75 | €30 | €150 | +€120 | +400.3% |
| Financial charges | 65/66B | €20,690 | €19,767 | -€923 | -4.5% |
| Recurring financial charges | 65 | €20,690 | €19,767 | -€923 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €688 | -€10,631 | -€11,320 | |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | €688 | -€10,640 | -€11,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €688 | -€10,640 | -€11,329 |
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.