Lucidus: 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.
Lucidus
Largest movements
- Receivables within one year +€64,592
up €64,592 (+18.3%), from €352,057 to €416,649
- Reserves +€223,000
up €223,000 (+42.4%), from €526,200 to €749,200
of which Distributable reserves: +€223,000
- Other debts -€195,565
down €195,565 (-36.9%), from €529,924 to €334,359
- Tax, wage and social debts +€102,516
up €102,516 (+263%), from €38,972 to €141,487
- Trade debts -€69,417
down €69,417 (-26.0%), from €267,364 to €197,948
- Financial income -€499,992
down €499,992 (-100.0%), from €500,000 to €8
of which Non-recurring financial income: -€500,000
- Purchases and services -€202,458
down €202,458 (-9.1%), from €2.2m to €2.0m
- Gross operating margin +€115,887
up €115,887 (+55.2%), from €209,979 to €325,866
- Taxes +€68,092
up €68,092 (+520%), from €13,102 to €81,194
- Financial charges -€29,400
down €29,400 (-59.6%), from €49,322 to €19,921
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.
Derived cash bridge
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 | €1,425,259 | €1,485,275 | +€60,016 | +4.2% |
| Fixed assets | 21/28 | €1,064,357 | €1,062,692 | -€1,665 | -0.2% |
| Tangible fixed assets | 22/27 | €2,357 | €692 | -€1,665 | -70.6% |
| Plant, machinery and equipment | 23 | €2,357 | €692 | -€1,665 | -70.6% |
| Financial fixed assets | 28 | €1,062,000 | €1,062,000 | = | 0.0% |
| Current assets | 29/58 | €360,902 | €422,583 | +€61,680 | +17.1% |
| Amounts receivable within one year | 40/41 | €352,057 | €416,649 | +€64,592 | +18.3% |
| Trade receivables | 40 | €352,057 | €416,649 | +€64,592 | +18.3% |
| Cash at bank and in hand | 54/58 | €8,845 | €5,134 | -€3,711 | -42.0% |
| Deferred charges and accrued income | 490/1 | - | €800 | +€800 | |
| Total equity and liabilities | 10/49 | €1,425,259 | €1,485,275 | +€60,016 | +4.2% |
| Equity | 10/15 | €588,999 | €811,400 | +€222,401 | +37.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €526,200 | €749,200 | +€223,000 | +42.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €520,000 | €743,000 | +€223,000 | +42.9% |
| Profit (loss) carried forward | 14 | €799 | €200 | -€599 | -74.9% |
| Provisions and deferred taxes | 16 | - | €80 | +€80 | |
| Provisions for liabilities and charges | 160/5 | - | €80 | +€80 | |
| Pensions and similar obligations | 160 | - | €80 | +€80 | |
| Amounts payable | 17/49 | €836,260 | €673,794 | -€162,465 | -19.4% |
| Amounts payable within one year | 42/48 | €836,260 | €673,794 | -€162,465 | -19.4% |
| Trade debts | 44 | €267,364 | €197,948 | -€69,417 | -26.0% |
| Suppliers | 440/4 | €267,364 | €197,948 | -€69,417 | -26.0% |
| Taxes, remuneration and social security | 45 | €38,972 | €141,487 | +€102,516 | +263% |
| Taxes | 450/3 | €38,972 | €141,487 | +€102,516 | +263% |
| Other amounts payable | 47/48 | €529,924 | €334,359 | -€195,565 | -36.9% |
| Turnover | 70 | €2,302,047 | €2,328,001 | +€25,954 | +1.1% |
| Non-recurring operating income | 76A | €1,079 | - | -€1,079 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,216,008 | €2,013,550 | -€202,458 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €1,665 | -€1,757 | -51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €80 | +€80 | |
| Other operating charges | 640/8 | €730 | €613 | -€117 | -16.0% |
| Gross operating margin | 9900 | €209,979 | €325,866 | +€115,887 | +55.2% |
| Operating profit (loss) | 9901 | €205,828 | €323,509 | +€117,681 | +57.2% |
| Financial income | 75/76B | €500,000 | €8 | -€499,992 | -100.0% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +25,633% |
| Non-recurring financial income | 76B | €500,000 | - | -€500,000 | |
| Financial charges | 65/66B | €49,322 | €19,921 | -€29,400 | -59.6% |
| Recurring financial charges | 65 | €49,322 | €19,921 | -€29,400 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €656,506 | €303,595 | -€352,911 | -53.8% |
| Income taxes | 67/77 | €13,102 | €81,194 | +€68,092 | +520% |
| Profit (loss) for the period | 9904 | €643,405 | €222,401 | -€421,003 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €643,405 | €222,401 | -€421,003 | -65.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.