LUCKARN: 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.
LUCKARN
Largest movements
- Tangible fixed assets -€20,842
down €20,842 (-20.1%), from €103,513 to €82,670
of which Other tangible fixed assets: -€16,504
- Receivables within one year +€20,823
up €20,823 (+58.3%), from €35,688 to €56,511
of which Other amounts receivable: +€20,823
- Stocks and contracts +€19,999
up €19,999 (+19.0%), from €105,237 to €125,236
- Cash +€12,419
up €12,419 (+32.6%), from €38,141 to €50,560
mainly Trade debts (+€88,026) and Depreciation (+€20,842)
- Trade debts +€88,026
up €88,026 (+48.3%), from €182,261 to €270,287
- Profit (loss) carried forward -€23,920
down €23,920 (-50.7%), from -€47,217 to -€71,138
- Current portion of long-term debt -€22,834
down €22,834 (-85.6%), from €26,684 to €3,851
- Other debts -€6,710
down €6,710 (-35.4%), from €18,975 to €12,265
- Gross operating margin -€34,819
down €34,819 (-18.9%), from €184,172 to €149,353
- Staff costs -€13,181
down €13,181 (-8.7%), from €152,021 to €138,840
- Financial charges +€5,079
up €5,079 (+67.0%), from €7,579 to €12,658
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 | €289,384 | €321,201 | +€31,817 | +11.0% |
| Fixed assets | 21/28 | €103,513 | €82,670 | -€20,842 | -20.1% |
| Tangible fixed assets | 22/27 | €103,513 | €82,670 | -€20,842 | -20.1% |
| Plant, machinery and equipment | 23 | €20,439 | €16,834 | -€3,605 | -17.6% |
| Furniture and vehicles | 24 | €2,280 | €1,547 | -€734 | -32.2% |
| Other tangible fixed assets | 26 | €80,794 | €64,290 | -€16,504 | -20.4% |
| Current assets | 29/58 | €185,871 | €238,531 | +€52,660 | +28.3% |
| Stocks and contracts in progress | 3 | €105,237 | €125,236 | +€19,999 | +19.0% |
| Stocks | 30/36 | €105,237 | €125,236 | +€19,999 | +19.0% |
| Amounts receivable within one year | 40/41 | €35,688 | €56,511 | +€20,823 | +58.3% |
| Trade receivables | 40 | €1,700 | €1,700 | = | 0.0% |
| Other amounts receivable | 41 | €33,988 | €54,811 | +€20,823 | +61.3% |
| Cash at bank and in hand | 54/58 | €38,141 | €50,560 | +€12,419 | +32.6% |
| Deferred charges and accrued income | 490/1 | €6,805 | €6,223 | -€582 | -8.6% |
| Total equity and liabilities | 10/49 | €289,384 | €321,201 | +€31,817 | +11.0% |
| Equity | 10/15 | €18,783 | -€5,138 | -€23,920 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,217 | -€71,138 | -€23,920 | -50.7% |
| Amounts payable | 17/49 | €270,601 | €326,339 | +€55,738 | +20.6% |
| Amounts payable within one year | 42/48 | €270,601 | €326,339 | +€55,738 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €26,684 | €3,851 | -€22,834 | -85.6% |
| Trade debts | 44 | €182,261 | €270,287 | +€88,026 | +48.3% |
| Suppliers | 440/4 | €182,261 | €270,287 | +€88,026 | +48.3% |
| Taxes, remuneration and social security | 45 | €42,680 | €39,935 | -€2,745 | -6.4% |
| Taxes | 450/3 | €942 | €2,808 | +€1,866 | +198.0% |
| Remuneration and social security | 454/9 | €41,738 | €37,128 | -€4,610 | -11.0% |
| Other amounts payable | 47/48 | €18,975 | €12,265 | -€6,710 | -35.4% |
| Remuneration, social security and pensions | 62 | €152,021 | €138,840 | -€13,181 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,842 | €20,842 | = | 0.0% |
| Other operating charges | 640/8 | €2,082 | €1,686 | -€395 | -19.0% |
| Gross operating margin | 9900 | €184,172 | €149,353 | -€34,819 | -18.9% |
| Operating profit (loss) | 9901 | €9,227 | -€12,016 | -€21,243 | |
| Financial income | 75/76B | €75 | €963 | +€888 | +1184.8% |
| Recurring financial income | 75 | €75 | €963 | +€888 | +1184.8% |
| Financial charges | 65/66B | €7,579 | €12,658 | +€5,079 | +67.0% |
| Recurring financial charges | 65 | €7,579 | €12,658 | +€5,079 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €1,723 | -€23,711 | -€25,434 | |
| Income taxes | 67/77 | €186 | €209 | +€23 | +12.5% |
| Profit (loss) for the period | 9904 | €1,537 | -€23,920 | -€25,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,537 | -€23,920 | -€25,457 |
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 1 October 2026 via checked.be.