LUCID: 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.
LUCID
Largest movements
- Receivables within one year +€37,581
up €37,581 (+15.5%), from €242,385 to €279,966
of which Other amounts receivable: +€20,409
- Receivables after one year -€25,000
down €25,000 (-3.3%), from €767,000 to €742,000
- Cash +€21,473
up €21,473 (+442.0%), from €4,858 to €26,332
mainly Net result for the year (+€53,215) and Current portion of long-term debt (+€38,375)
- Debts after one year -€69,959
down €69,959 (-32.5%), from €215,480 to €145,521
of which Other amounts payable: -€197,661
- Reserves +€53,215
up €53,215 (+9.7%), from €548,399 to €601,614
- Current portion of long-term debt +€38,375
up €38,375 (+260.5%), from €14,731 to €53,106
- Financial income -€83,774
down €83,774 (-55.4%), from €151,152 to €67,378
of which Non-recurring financial income: -€103,176
- Financial charges -€32,651
down €32,651 (-79.7%), from €40,983 to €8,332
- Gross operating margin -€18,830
down €18,830 (-44.0%), from €42,810 to €23,979
- Taxes -€10,736
down €10,736 (-38.7%), from €27,741 to €17,004
- Depreciation +€1,128
up €1,128 (+12.2%), from €9,248 to €10,376
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 | €1,117,503 | €1,141,181 | +€23,678 | +2.1% |
| Fixed assets | 21/28 | €103,259 | €92,883 | -€10,376 | -10.0% |
| Tangible fixed assets | 22/27 | €23,259 | €12,883 | -€10,376 | -44.6% |
| Furniture and vehicles | 24 | €21,558 | €11,802 | -€9,756 | -45.3% |
| Other tangible fixed assets | 26 | €1,701 | €1,081 | -€620 | -36.5% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €1,014,244 | €1,048,298 | +€34,054 | +3.4% |
| Amounts receivable after more than one year | 29 | €767,000 | €742,000 | -€25,000 | -3.3% |
| Other amounts receivable | 291 | €767,000 | €742,000 | -€25,000 | -3.3% |
| Amounts receivable within one year | 40/41 | €242,385 | €279,966 | +€37,581 | +15.5% |
| Trade receivables | 40 | €50,130 | €67,302 | +€17,172 | +34.3% |
| Other amounts receivable | 41 | €192,255 | €212,664 | +€20,409 | +10.6% |
| Cash at bank and in hand | 54/58 | €4,858 | €26,332 | +€21,473 | +442.0% |
| Total equity and liabilities | 10/49 | €1,117,503 | €1,141,181 | +€23,678 | +2.1% |
| Equity | 10/15 | €860,799 | €914,014 | +€53,215 | +6.2% |
| Contributions | 10/11 | €312,400 | €312,400 | = | 0.0% |
| Reserves | 13 | €548,399 | €601,614 | +€53,215 | +9.7% |
| Distributable reserves | 133 | €548,399 | €601,614 | +€53,215 | +9.7% |
| Amounts payable | 17/49 | €256,704 | €227,167 | -€29,537 | -11.5% |
| Amounts payable after more than one year | 17 | €215,480 | €145,521 | -€69,959 | -32.5% |
| Financial debts | 170/4 | - | €127,702 | +€127,702 | |
| Other amounts payable | 178/9 | €215,480 | €17,819 | -€197,661 | -91.7% |
| Amounts payable within one year | 42/48 | €41,224 | €81,647 | +€40,423 | +98.1% |
| Current portion of amounts payable after more than one year | 42 | €14,731 | €53,106 | +€38,375 | +260.5% |
| Trade debts | 44 | €23,752 | €25,350 | +€1,598 | +6.7% |
| Suppliers | 440/4 | €23,752 | €25,350 | +€1,598 | +6.7% |
| Taxes, remuneration and social security | 45 | €2,741 | €3,190 | +€450 | +16.4% |
| Taxes | 450/3 | €2,741 | €3,190 | +€450 | +16.4% |
| Non-recurring operating income | 76A | €1,425 | €1,162 | -€263 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,248 | €10,376 | +€1,128 | +12.2% |
| Other operating charges | 640/8 | €2,571 | €2,431 | -€141 | -5.5% |
| Gross operating margin | 9900 | €42,810 | €23,979 | -€18,830 | -44.0% |
| Operating profit (loss) | 9901 | €30,991 | €11,173 | -€19,818 | -63.9% |
| Financial income | 75/76B | €151,152 | €67,378 | -€83,774 | -55.4% |
| Recurring financial income | 75 | €47,976 | €67,378 | +€19,402 | +40.4% |
| Non-recurring financial income | 76B | €103,176 | - | -€103,176 | |
| Financial charges | 65/66B | €40,983 | €8,332 | -€32,651 | -79.7% |
| Recurring financial charges | 65 | €40,983 | €8,332 | -€32,651 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €141,160 | €70,219 | -€70,940 | -50.3% |
| Income taxes | 67/77 | €27,741 | €17,004 | -€10,736 | -38.7% |
| Profit (loss) for the period | 9904 | €113,419 | €53,215 | -€60,204 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,419 | €53,215 | -€60,204 | -53.1% |
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 6 October 2026 via checked.be.