LUCID CODE: 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 CODE
Largest movements
- Cash +€65,582
up €65,582 (+127.2%), from €51,571 to €117,153
mainly Other debts (+€73,289) and Net result for the year (+€65,264)
- Tangible fixed assets +€3,637
up €3,637 (+447.9%), from €812 to €4,449
of which Plant, machinery and equipment: +€3,637
- Other debts +€73,289
up €73,289 (+13021.9%), from €563 to €73,851
- Reserves -€7,787
down €7,787 (-3.0%), from €258,236 to €250,448
- Gross operating margin +€10,762
up €10,762 (+13.4%), from €80,401 to €91,164
- Taxes +€2,907
up €2,907 (+13.0%), from €22,365 to €25,272
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 | €293,285 | €359,656 | +€66,371 | +22.6% |
| Fixed assets | 21/28 | €812 | €4,449 | +€3,637 | +447.9% |
| Tangible fixed assets | 22/27 | €812 | €4,449 | +€3,637 | +447.9% |
| Plant, machinery and equipment | 23 | €812 | €4,449 | +€3,637 | +447.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €292,473 | €355,207 | +€62,734 | +21.4% |
| Amounts receivable within one year | 40/41 | €22,710 | €22,283 | -€428 | -1.9% |
| Trade receivables | 40 | €15,882 | €19,797 | +€3,915 | +24.7% |
| Other amounts receivable | 41 | €6,828 | €2,486 | -€4,343 | -63.6% |
| Current investments | 50/53 | €215,715 | €214,522 | -€1,192 | -0.6% |
| Cash at bank and in hand | 54/58 | €51,571 | €117,153 | +€65,582 | +127.2% |
| Deferred charges and accrued income | 490/1 | €2,477 | €1,249 | -€1,228 | -49.6% |
| Total equity and liabilities | 10/49 | €293,285 | €359,656 | +€66,371 | +22.6% |
| Equity | 10/15 | €264,789 | €257,001 | -€7,787 | -2.9% |
| Contributions | 10/11 | €6,553 | €6,553 | = | 0.0% |
| Reserves | 13 | €258,236 | €250,448 | -€7,787 | -3.0% |
| Distributable reserves | 133 | €258,236 | €250,448 | -€7,787 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,496 | €102,655 | +€74,158 | +260.2% |
| Amounts payable within one year | 42/48 | €28,096 | €102,120 | +€74,024 | +263.5% |
| Trade debts | 44 | €194 | €648 | +€454 | +234.1% |
| Suppliers | 440/4 | €194 | €648 | +€454 | +234.1% |
| Taxes, remuneration and social security | 45 | €27,340 | €27,621 | +€281 | +1.0% |
| Taxes | 450/3 | €24,840 | €25,121 | +€281 | +1.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €563 | €73,851 | +€73,289 | +13021.9% |
| Accrued charges and deferred income | 492/3 | €400 | €535 | +€135 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €1,144 | +€704 | +160.0% |
| Other operating charges | 640/8 | €657 | €710 | +€52 | +7.9% |
| Gross operating margin | 9900 | €80,401 | €91,164 | +€10,762 | +13.4% |
| Operating profit (loss) | 9901 | €79,304 | €89,310 | +€10,006 | +12.6% |
| Financial income | 75/76B | €3,325 | €3,708 | +€383 | +11.5% |
| Recurring financial income | 75 | €3,325 | €3,708 | +€383 | +11.5% |
| Financial charges | 65/66B | €1,734 | €2,482 | +€749 | +43.2% |
| Recurring financial charges | 65 | €1,734 | €2,482 | +€749 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €80,895 | €90,536 | +€9,641 | +11.9% |
| Income taxes | 67/77 | €22,365 | €25,272 | +€2,907 | +13.0% |
| Profit (loss) for the period | 9904 | €58,530 | €65,264 | +€6,734 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,530 | €65,264 | +€6,734 | +11.5% |
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 5 October 2026 via checked.be.