LUCIANA: what changed
Two financial 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.
LUCIANA
Largest movements
- Tangible fixed assets +€632,206
up €632,206 (+228%), from €277,436 to €909,642
of which Other tangible fixed assets: +€643,672
- Cash -€427,070
down €427,070 (-60.3%), from €707,661 to €280,590
- Receivables within one year -€38,784
down €38,784 (-9.0%), from €430,950 to €392,166
of which Other amounts receivable: -€49,915
- Tax, wage and social debts +€161,348
up €161,348 (+208%), from €77,535 to €238,883
of which Taxes: +€168,852
- Trade debts +€150,648
up €150,648 (+43.6%), from €345,842 to €496,491
- Reserves -€98,990
down €98,990 (-6.2%), from €1.6m to €1.5m
of which Distributable reserves: -€98,990
- Other debts -€40,395
down €40,395 (-13.4%), from €300,395 to €260,000
- Gross operating margin +€788,943
up €788,943 (+38.1%), from €2.1m to €2.9m
- Staff costs +€477,500
up €477,500 (+122%), from €391,852 to €869,351
- Other operating charges +€396,424
up €396,424 (+61.5%), from €644,535 to €1.0m
- Depreciation +€143,624
up €143,624 (+234%), from €61,434 to €205,058
- Financial income +€101,165
up €101,165 (+3,703%), from €2,732 to €103,896
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,574,098 | €2,738,022 | +€163,925 | +6.4% |
| Fixed assets | 21/28 | €457,748 | €1,089,954 | +€632,206 | +138% |
| Tangible fixed assets | 22/27 | €277,436 | €909,642 | +€632,206 | +228% |
| Plant, machinery and equipment | 23 | €31,808 | €28,775 | -€3,034 | -9.5% |
| Furniture and vehicles | 24 | €15,287 | €6,854 | -€8,433 | -55.2% |
| Other tangible fixed assets | 26 | €230,341 | €874,013 | +€643,672 | +279% |
| Financial fixed assets | 28 | €180,312 | €180,312 | = | 0.0% |
| Current assets | 29/58 | €2,116,350 | €1,648,069 | -€468,281 | -22.1% |
| Stocks and contracts in progress | 3 | €1,000 | €500 | -€500 | -50.0% |
| Stocks | 30/36 | €1,000 | €500 | -€500 | -50.0% |
| Amounts receivable within one year | 40/41 | €430,950 | €392,166 | -€38,784 | -9.0% |
| Trade receivables | 40 | €6,335 | €17,466 | +€11,131 | +176% |
| Other amounts receivable | 41 | €424,615 | €374,700 | -€49,915 | -11.8% |
| Current investments | 50/53 | €943,811 | €940,802 | -€3,010 | -0.3% |
| Cash at bank and in hand | 54/58 | €707,661 | €280,590 | -€427,070 | -60.3% |
| Deferred charges and accrued income | 490/1 | €32,928 | €34,011 | +€1,083 | +3.3% |
| Total equity and liabilities | 10/49 | €2,574,098 | €2,738,022 | +€163,925 | +6.4% |
| Equity | 10/15 | €1,708,110 | €1,609,120 | -€98,990 | -5.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,608,110 | €1,509,120 | -€98,990 | -6.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,705 | €76,705 | = | 0.0% |
| Distributable reserves | 133 | €1,521,405 | €1,422,415 | -€98,990 | -6.5% |
| Amounts payable | 17/49 | €865,988 | €1,128,902 | +€262,915 | +30.4% |
| Amounts payable within one year | 42/48 | €753,416 | €1,019,624 | +€266,208 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €13,644 | - | -€13,644 | |
| Financial debts | 43 | €16,000 | €24,250 | +€8,250 | +51.6% |
| Credit institutions | 430/8 | €16,000 | €24,250 | +€8,250 | +51.6% |
| Trade debts | 44 | €345,842 | €496,491 | +€150,648 | +43.6% |
| Suppliers | 440/4 | €345,842 | €496,491 | +€150,648 | +43.6% |
| Taxes, remuneration and social security | 45 | €77,535 | €238,883 | +€161,348 | +208% |
| Taxes | 450/3 | €38,607 | €207,459 | +€168,852 | +437% |
| Remuneration and social security | 454/9 | €38,928 | €31,424 | -€7,504 | -19.3% |
| Other amounts payable | 47/48 | €300,395 | €260,000 | -€40,395 | -13.4% |
| Accrued charges and deferred income | 492/3 | €112,571 | €109,278 | -€3,293 | -2.9% |
| Remuneration, social security and pensions | 62 | €391,852 | €869,351 | +€477,500 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,434 | €205,058 | +€143,624 | +234% |
| Other operating charges | 640/8 | €644,535 | €1,040,959 | +€396,424 | +61.5% |
| Gross operating margin | 9900 | €2,068,075 | €2,857,018 | +€788,943 | +38.1% |
| Operating profit (loss) | 9901 | €970,255 | €741,651 | -€228,604 | -23.6% |
| Financial income | 75/76B | €2,732 | €103,896 | +€101,165 | +3,703% |
| Recurring financial income | 75 | €2,732 | €103,896 | +€101,165 | +3,703% |
| Financial charges | 65/66B | €8,555 | €23,428 | +€14,872 | +174% |
| Recurring financial charges | 65 | €8,555 | €23,428 | +€14,872 | +174% |
| Profit (loss) for the period before taxes | 9903 | €964,431 | €822,119 | -€142,312 | -14.8% |
| Income taxes | 67/77 | €289,323 | €371,109 | +€81,786 | +28.3% |
| Profit (loss) for the period | 9904 | €675,108 | €451,010 | -€224,098 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €675,108 | €451,010 | -€224,098 | -33.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.