Lucind@c: 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.
Lucind@c
Largest movements
- Current investments -€25,225
down €25,225 (-25.2%), from €99,995 to €74,770
- Tangible fixed assets -€11,754
down €11,754 (-3.9%), from €303,595 to €291,842
of which Land and buildings: -€11,511
- Cash +€9,689
up €9,689 (+121%), from €7,985 to €17,674
mainly Current investments (+€25,225) and Depreciation (+€11,754)
- Debts after one year -€31,506
down €31,506 (-66.1%), from €47,667 to €16,161
- Profit (loss) carried forward +€10,876
up €10,876 (+3.6%), from €302,304 to €313,181
- Other debts -€9,093
down €9,093 (-97.3%), from €9,349 to €256
- Gross operating margin +€3,160
up €3,160 (+12.3%), from €25,623 to €28,783
- Financial charges +€1,933
up €1,933, from -€677 to €1,255
- Financial income -€1,336
down €1,336 (-65.5%), from €2,040 to €704
- Taxes +€746
up €746 (+25.0%), from €2,983 to €3,729
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 | €413,204 | €384,330 | -€28,874 | -7.0% |
| Fixed assets | 21/28 | €303,595 | €291,842 | -€11,754 | -3.9% |
| Tangible fixed assets | 22/27 | €303,595 | €291,842 | -€11,754 | -3.9% |
| Land and buildings | 22 | €301,820 | €290,308 | -€11,511 | -3.8% |
| Plant, machinery and equipment | 23 | €1,775 | €1,533 | -€242 | -13.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €109,609 | €92,489 | -€17,120 | -15.6% |
| Amounts receivable within one year | 40/41 | €1,629 | €10 | -€1,618 | -99.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,629 | €10 | -€1,618 | -99.4% |
| Current investments | 50/53 | €99,995 | €74,770 | -€25,225 | -25.2% |
| Cash at bank and in hand | 54/58 | €7,985 | €17,674 | +€9,689 | +121% |
| Deferred charges and accrued income | 490/1 | - | €34 | +€34 | |
| Total equity and liabilities | 10/49 | €413,204 | €384,330 | -€28,874 | -7.0% |
| Equity | 10/15 | €322,764 | €333,641 | +€10,876 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,304 | €313,181 | +€10,876 | +3.6% |
| Amounts payable | 17/49 | €90,440 | €50,690 | -€39,750 | -44.0% |
| Amounts payable after more than one year | 17 | €47,667 | €16,161 | -€31,506 | -66.1% |
| Financial debts | 170/4 | €47,667 | €16,161 | -€31,506 | -66.1% |
| Amounts payable within one year | 42/48 | €42,112 | €34,529 | -€7,583 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €31,131 | €31,506 | +€376 | +1.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €750 | €475 | -€275 | -36.7% |
| Suppliers | 440/4 | €750 | €475 | -€275 | -36.7% |
| Taxes, remuneration and social security | 45 | €882 | €2,291 | +€1,409 | +160% |
| Taxes | 450/3 | €882 | €2,291 | +€1,409 | +160% |
| Other amounts payable | 47/48 | €9,349 | €256 | -€9,093 | -97.3% |
| Accrued charges and deferred income | 492/3 | €660 | €0 | -€660 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,986 | €11,754 | -€232 | -1.9% |
| Other operating charges | 640/8 | €1,818 | €1,874 | +€56 | +3.1% |
| Gross operating margin | 9900 | €25,623 | €28,783 | +€3,160 | +12.3% |
| Operating profit (loss) | 9901 | €11,819 | €15,156 | +€3,336 | +28.2% |
| Financial income | 75/76B | €2,040 | €704 | -€1,336 | -65.5% |
| Recurring financial income | 75 | €2,040 | €704 | -€1,336 | -65.5% |
| Financial charges | 65/66B | -€677 | €1,255 | +€1,933 | |
| Recurring financial charges | 65 | -€677 | €1,255 | +€1,933 | |
| Profit (loss) for the period before taxes | 9903 | €14,537 | €14,605 | +€68 | +0.5% |
| Income taxes | 67/77 | €2,983 | €3,729 | +€746 | +25.0% |
| Profit (loss) for the period | 9904 | €11,554 | €10,876 | -€678 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,554 | €10,876 | -€678 | -5.9% |
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 17 October 2026 via checked.be.