LUCIS: 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.
LUCIS
Largest movements
- Cash -€60,584
down €60,584 (-44.9%), from €135,031 to €74,448
mainly Investment in fixed assets (net) (-€125,653) and Other debts (-€100,000)
- Tangible fixed assets +€39,799
up €39,799 (+11.2%), from €356,581 to €396,380
of which Plant, machinery and equipment: +€81,934
- Receivables within one year -€7,360
no longer reported in 2025 (was €7,360)
- Other debts -€100,000
down €100,000 (-27.8%), from €360,000 to €260,000
- Profit (loss) carried forward +€92,604
up €92,604 (+116.1%), from €79,735 to €172,339
- Tax, wage and social debts -€21,673
down €21,673 (-47.7%), from €45,403 to €23,731
of which Taxes: -€22,917
- Depreciation +€24,416
up €24,416 (+39.7%), from €61,438 to €85,854
- Gross operating margin +€20,488
up €20,488 (+7.0%), from €293,483 to €313,972
- Taxes +€5,501
up €5,501 (+20.2%), from €27,300 to €32,801
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 | €499,331 | €471,327 | -€28,004 | -5.6% |
| Fixed assets | 21/28 | €356,581 | €396,380 | +€39,799 | +11.2% |
| Tangible fixed assets | 22/27 | €356,581 | €396,380 | +€39,799 | +11.2% |
| Plant, machinery and equipment | 23 | €66,140 | €148,073 | +€81,934 | +123.9% |
| Furniture and vehicles | 24 | €16,209 | €10,317 | -€5,892 | -36.3% |
| Other tangible fixed assets | 26 | €274,232 | €237,989 | -€36,243 | -13.2% |
| Current assets | 29/58 | €142,750 | €74,947 | -€67,803 | -47.5% |
| Amounts receivable within one year | 40/41 | €7,360 | - | -€7,360 | |
| Other amounts receivable | 41 | €7,360 | - | -€7,360 | |
| Cash at bank and in hand | 54/58 | €135,031 | €74,448 | -€60,584 | -44.9% |
| Deferred charges and accrued income | 490/1 | €358 | €499 | +€141 | +39.4% |
| Total equity and liabilities | 10/49 | €499,331 | €471,327 | -€28,004 | -5.6% |
| Equity | 10/15 | €89,735 | €182,339 | +€92,604 | +103.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,735 | €172,339 | +€92,604 | +116.1% |
| Amounts payable | 17/49 | €409,596 | €288,988 | -€120,608 | -29.4% |
| Amounts payable within one year | 42/48 | €409,596 | €288,988 | -€120,608 | -29.4% |
| Trade debts | 44 | €4,193 | €5,257 | +€1,065 | +25.4% |
| Suppliers | 440/4 | €4,193 | €5,257 | +€1,065 | +25.4% |
| Taxes, remuneration and social security | 45 | €45,403 | €23,731 | -€21,673 | -47.7% |
| Taxes | 450/3 | €33,225 | €10,307 | -€22,917 | -69.0% |
| Remuneration and social security | 454/9 | €12,179 | €13,424 | +€1,245 | +10.2% |
| Other amounts payable | 47/48 | €360,000 | €260,000 | -€100,000 | -27.8% |
| Remuneration, social security and pensions | 62 | €99,580 | €102,350 | +€2,770 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,438 | €85,854 | +€24,416 | +39.7% |
| Other operating charges | 640/8 | €211 | €279 | +€68 | +32.1% |
| Gross operating margin | 9900 | €293,483 | €313,972 | +€20,488 | +7.0% |
| Operating profit (loss) | 9901 | €132,254 | €125,489 | -€6,765 | -5.1% |
| Financial charges | 65/66B | €79 | €83 | +€4 | +4.8% |
| Recurring financial charges | 65 | €79 | €83 | +€4 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €132,175 | €125,406 | -€6,769 | -5.1% |
| Income taxes | 67/77 | €27,300 | €32,801 | +€5,501 | +20.2% |
| Profit (loss) for the period | 9904 | €104,875 | €92,604 | -€12,270 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,875 | €92,604 | -€12,270 | -11.7% |
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 30 September 2026 via checked.be.