LUCITHERM: 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.
LUCITHERM
Largest movements
- Current investments -€161,000
down €161,000 (-35.8%), from €450,017 to €289,017
- Cash -€61,858
down €61,858 (-64.3%), from €96,264 to €34,406
mainly Other debts (-€210,407) and Contributions, distributions and other (-€34,000)
- Tangible fixed assets +€24,645
up €24,645 (+297%), from €8,291 to €32,937
of which Furniture and vehicles: +€25,196
- Receivables within one year -€19,886
down €19,886 (-31.6%), from €62,875 to €42,990
of which Trade receivables: -€21,607
- Other debts -€210,407
down €210,407 (-90.6%), from €232,313 to €21,906
- Reserves -€10,307
down €10,307 (-3.2%), from €326,396 to €316,089
of which Distributable reserves: -€10,307
- Gross operating margin -€33,705
down €33,705 (-23.3%), from €144,520 to €110,815
- Staff costs -€6,095
down €6,095 (-8.1%), from €75,040 to €68,945
- Taxes -€3,480
down €3,480 (-19.0%), from €18,307 to €14,828
- Financial income +€2,569
up €2,569 (+161%), from €1,592 to €4,161
- Depreciation +€2,355
up €2,355 (+169%), from €1,393 to €3,748
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 | €649,738 | €428,566 | -€221,173 | -34.0% |
| Fixed assets | 21/28 | €8,811 | €33,580 | +€24,769 | +281% |
| Tangible fixed assets | 22/27 | €8,291 | €32,937 | +€24,645 | +297% |
| Plant, machinery and equipment | 23 | €888 | €338 | -€551 | -62.0% |
| Furniture and vehicles | 24 | €7,403 | €32,599 | +€25,196 | +340% |
| Financial fixed assets | 28 | €519 | €643 | +€124 | +23.9% |
| Current assets | 29/58 | €640,928 | €394,986 | -€245,942 | -38.4% |
| Stocks and contracts in progress | 3 | €16,424 | €16,074 | -€350 | -2.1% |
| Stocks | 30/36 | €16,424 | €16,074 | -€350 | -2.1% |
| Amounts receivable within one year | 40/41 | €62,875 | €42,990 | -€19,886 | -31.6% |
| Trade receivables | 40 | €26,481 | €4,875 | -€21,607 | -81.6% |
| Other amounts receivable | 41 | €36,394 | €38,115 | +€1,721 | +4.7% |
| Current investments | 50/53 | €450,017 | €289,017 | -€161,000 | -35.8% |
| Cash at bank and in hand | 54/58 | €96,264 | €34,406 | -€61,858 | -64.3% |
| Deferred charges and accrued income | 490/1 | €15,347 | €12,499 | -€2,848 | -18.6% |
| Total equity and liabilities | 10/49 | €649,738 | €428,566 | -€221,173 | -34.0% |
| Equity | 10/15 | €380,284 | €369,977 | -€10,307 | -2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €326,396 | €316,089 | -€10,307 | -3.2% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,150 | €33,150 | = | 0.0% |
| Distributable reserves | 133 | €276,246 | €265,939 | -€10,307 | -3.7% |
| Profit (loss) carried forward | 14 | €35,296 | €35,296 | = | 0.0% |
| Amounts payable | 17/49 | €269,455 | €58,589 | -€210,866 | -78.3% |
| Amounts payable within one year | 42/48 | €269,455 | €58,589 | -€210,866 | -78.3% |
| Trade debts | 44 | €780 | €572 | -€209 | -26.7% |
| Suppliers | 440/4 | €780 | €572 | -€209 | -26.7% |
| Taxes, remuneration and social security | 45 | €36,362 | €36,112 | -€250 | -0.7% |
| Taxes | 450/3 | €4,425 | €3,829 | -€596 | -13.5% |
| Remuneration and social security | 454/9 | €31,937 | €32,283 | +€346 | +1.1% |
| Other amounts payable | 47/48 | €232,313 | €21,906 | -€210,407 | -90.6% |
| Remuneration, social security and pensions | 62 | €75,040 | €68,945 | -€6,095 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393 | €3,748 | +€2,355 | +169% |
| Other operating charges | 640/8 | €1,335 | €1,071 | -€264 | -19.8% |
| Gross operating margin | 9900 | €144,520 | €110,815 | -€33,705 | -23.3% |
| Operating profit (loss) | 9901 | €66,751 | €37,051 | -€29,700 | -44.5% |
| Financial income | 75/76B | €1,592 | €4,161 | +€2,569 | +161% |
| Recurring financial income | 75 | €1,592 | €4,161 | +€2,569 | +161% |
| Financial charges | 65/66B | €2,297 | €2,691 | +€394 | +17.2% |
| Recurring financial charges | 65 | €2,297 | €2,691 | +€394 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €66,046 | €38,520 | -€27,525 | -41.7% |
| Income taxes | 67/77 | €18,307 | €14,828 | -€3,480 | -19.0% |
| Profit (loss) for the period | 9904 | €47,739 | €23,693 | -€24,046 | -50.4% |
| Transfer to tax-exempt reserves | 689 | €47,739 | - | -€47,739 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €23,693 | +€23,693 |
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 14 October 2026 via checked.be.