LUCIOLES-VROONEN: 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.
LUCIOLES-VROONEN
Largest movements
- Tangible fixed assets +€18,759
up €18,759 (+3.8%), from €489,118 to €507,877
of which Furniture and vehicles: +€30,462
- Receivables within one year -€13,412
down €13,412 (-11.3%), from €118,871 to €105,459
of which Trade receivables: -€13,392
- Stocks and contracts -€7,064
down €7,064 (-43.4%), from €16,293 to €9,229
- Other debts +€26,924
up €26,924 (+52.8%), from €50,956 to €77,879
- Debts after one year -€15,367
down €15,367 (-3.1%), from €489,041 to €473,674
- Trade debts -€11,588
down €11,588 (-59.4%), from €19,498 to €7,909
- Current portion of long-term debt -€6,498
down €6,498 (-24.2%), from €26,905 to €20,408
- Financial income +€8,503
up €8,503 (+305,872%), from €3 to €8,506
of which Non-recurring financial income: +€8,500
- Gross operating margin -€8,046
down €8,046 (-26.9%), from €29,940 to €21,894
- Depreciation +€6,842
up €6,842 (+61.1%), from €11,191 to €18,033
- Other operating charges +€438
up €438 (+10.9%), from €4,010 to €4,448
- Financial charges -€414
down €414 (-11.6%), from €3,558 to €3,144
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 | €627,278 | €626,469 | -€809 | -0.1% |
| Fixed assets | 21/28 | €489,118 | €507,877 | +€18,759 | +3.8% |
| Tangible fixed assets | 22/27 | €489,118 | €507,877 | +€18,759 | +3.8% |
| Land and buildings | 22 | €483,746 | €474,413 | -€9,333 | -1.9% |
| Plant, machinery and equipment | 23 | €5,372 | €3,002 | -€2,370 | -44.1% |
| Furniture and vehicles | 24 | - | €30,462 | +€30,462 | |
| Current assets | 29/58 | €138,160 | €118,591 | -€19,569 | -14.2% |
| Stocks and contracts in progress | 3 | €16,293 | €9,229 | -€7,064 | -43.4% |
| Stocks | 30/36 | €16,293 | €9,229 | -€7,064 | -43.4% |
| Amounts receivable within one year | 40/41 | €118,871 | €105,459 | -€13,412 | -11.3% |
| Trade receivables | 40 | €118,851 | €105,459 | -€13,392 | -11.3% |
| Other amounts receivable | 41 | €20 | €0 | -€20 | -100% |
| Current investments | 50/53 | €1 | €1,004 | +€1,003 | +87,203% |
| Cash at bank and in hand | 54/58 | €1,453 | €1,371 | -€81 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,528 | -€14 | -0.9% |
| Total equity and liabilities | 10/49 | €627,278 | €626,469 | -€809 | -0.1% |
| Equity | 10/15 | €40,755 | €45,529 | +€4,774 | +11.7% |
| Contributions | 10/11 | €164,000 | €164,000 | = | 0.0% |
| Reserves | 13 | €1,031 | €1,031 | = | 0.0% |
| Distributable reserves | 133 | €1,031 | €1,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,277 | -€119,503 | +€4,774 | +3.8% |
| Amounts payable | 17/49 | €586,523 | €580,940 | -€5,583 | -1.0% |
| Amounts payable after more than one year | 17 | €489,041 | €473,674 | -€15,367 | -3.1% |
| Financial debts | 170/4 | €489,041 | €473,674 | -€15,367 | -3.1% |
| Amounts payable within one year | 42/48 | €97,482 | €107,266 | +€9,784 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €26,905 | €20,408 | -€6,498 | -24.2% |
| Trade debts | 44 | €19,498 | €7,909 | -€11,588 | -59.4% |
| Suppliers | 440/4 | €19,498 | €7,909 | -€11,588 | -59.4% |
| Taxes, remuneration and social security | 45 | €124 | €1,070 | +€946 | +764% |
| Taxes | 450/3 | €124 | €1,070 | +€946 | +764% |
| Other amounts payable | 47/48 | €50,956 | €77,879 | +€26,924 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,191 | €18,033 | +€6,842 | +61.1% |
| Other operating charges | 640/8 | €4,010 | €4,448 | +€438 | +10.9% |
| Gross operating margin | 9900 | €29,940 | €21,894 | -€8,046 | -26.9% |
| Operating profit (loss) | 9901 | €14,739 | -€587 | -€15,325 | |
| Financial income | 75/76B | €3 | €8,506 | +€8,503 | +305,872% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +117% |
| Non-recurring financial income | 76B | - | €8,500 | +€8,500 | |
| Financial charges | 65/66B | €3,558 | €3,144 | -€414 | -11.6% |
| Recurring financial charges | 65 | €3,558 | €3,144 | -€414 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €11,183 | €4,776 | -€6,408 | -57.3% |
| Income taxes | 67/77 | €1 | €1 | +€1 | +164% |
| Profit (loss) for the period | 9904 | €11,183 | €4,774 | -€6,409 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,183 | €4,774 | -€6,409 | -57.3% |
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 31 October 2026 via checked.be.