Lucius Projects: 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.
Lucius Projects
Largest movements
- Receivables within one year -€27,809
down €27,809 (-30.6%), from €90,976 to €63,167
of which Trade receivables: -€23,825
- Tangible fixed assets -€14,155
down €14,155 (-45.0%), from €31,490 to €17,335
of which Furniture and vehicles: -€13,012
- Cash -€4,013
down €4,013 (-43.2%), from €9,285 to €5,272
mainly Other debts (-€32,334) and Trade debts (-€24,612)
- Deferred charges and accrued income -€2,708
no longer reported in 2025 (was €2,708)
- Other debts -€32,334
down €32,334 (-99.5%), from €32,500 to €166
- Trade debts -€24,612
down €24,612 (-18.8%), from €130,811 to €106,199
- Tax, wage and social debts +€12,302
up €12,302 (+111%), from €11,118 to €23,419
of which Taxes: +€11,872
- Debts after one year -€10,309
down €10,309 (-79.8%), from €12,926 to €2,617
- Profit (loss) carried forward +€5,330
up €5,330 (+6.5%), from -€82,025 to -€76,695
- Gross operating margin +€32,411
up €32,411 (+56.6%), from €57,286 to €89,697
- Staff costs +€1,769
up €1,769 (+2.7%), from €65,144 to €66,913
- Financial income -€1,130
no longer reported in 2025 (was €1,130)
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 | €134,459 | €85,774 | -€48,685 | -36.2% |
| Fixed assets | 21/28 | €31,490 | €17,335 | -€14,155 | -45.0% |
| Tangible fixed assets | 22/27 | €31,490 | €17,335 | -€14,155 | -45.0% |
| Plant, machinery and equipment | 23 | €2,477 | €1,334 | -€1,143 | -46.2% |
| Furniture and vehicles | 24 | €29,014 | €16,002 | -€13,012 | -44.8% |
| Current assets | 29/58 | €102,969 | €68,439 | -€34,530 | -33.5% |
| Amounts receivable within one year | 40/41 | €90,976 | €63,167 | -€27,809 | -30.6% |
| Trade receivables | 40 | €81,222 | €57,397 | -€23,825 | -29.3% |
| Other amounts receivable | 41 | €9,754 | €5,770 | -€3,984 | -40.8% |
| Cash at bank and in hand | 54/58 | €9,285 | €5,272 | -€4,013 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,708 | - | -€2,708 | |
| Total equity and liabilities | 10/49 | €134,459 | €85,774 | -€48,685 | -36.2% |
| Equity | 10/15 | -€63,425 | -€58,095 | +€5,330 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,025 | -€76,695 | +€5,330 | +6.5% |
| Amounts payable | 17/49 | €197,884 | €143,869 | -€54,015 | -27.3% |
| Amounts payable after more than one year | 17 | €12,926 | €2,617 | -€10,309 | -79.8% |
| Financial debts | 170/4 | €12,926 | €2,617 | -€10,309 | -79.8% |
| Amounts payable within one year | 42/48 | €184,487 | €140,093 | -€44,394 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €10,058 | €10,309 | +€251 | +2.5% |
| Trade debts | 44 | €130,811 | €106,199 | -€24,612 | -18.8% |
| Suppliers | 440/4 | €130,811 | €106,199 | -€24,612 | -18.8% |
| Taxes, remuneration and social security | 45 | €11,118 | €23,419 | +€12,302 | +111% |
| Taxes | 450/3 | €1,025 | €12,898 | +€11,872 | +1,158% |
| Remuneration and social security | 454/9 | €10,092 | €10,522 | +€429 | +4.3% |
| Other amounts payable | 47/48 | €32,500 | €166 | -€32,334 | -99.5% |
| Accrued charges and deferred income | 492/3 | €471 | €1,159 | +€688 | +146% |
| Remuneration, social security and pensions | 62 | €65,144 | €66,913 | +€1,769 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,032 | €14,155 | -€877 | -5.8% |
| Other operating charges | 640/8 | €1,305 | €1,359 | +€54 | +4.1% |
| Gross operating margin | 9900 | €57,286 | €89,697 | +€32,411 | +56.6% |
| Operating profit (loss) | 9901 | -€24,195 | €7,270 | +€31,465 | |
| Financial income | 75/76B | €1,130 | - | -€1,130 | |
| Recurring financial income | 75 | €1,130 | - | -€1,130 | |
| Financial charges | 65/66B | €1,855 | €1,774 | -€82 | -4.4% |
| Recurring financial charges | 65 | €1,855 | €1,774 | -€82 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,921 | €5,496 | +€30,417 | |
| Income taxes | 67/77 | €178 | €166 | -€11 | -6.4% |
| Profit (loss) for the period | 9904 | -€25,098 | €5,330 | +€30,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,098 | €5,330 | +€30,428 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.