LUCKAS PROJECTS: 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.
What changed
LUCKAS PROJECTS
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€176,689
2024 · €205,859-€382,548
Equity
€550,989
2024 · €727,678-€176,689
Cash
€5,054
2024 · €14,739-€9,685
Balance sheet total
€2.4m
2024 · €2.7m-€274,220
Largest movements
Assets
- Tangible fixed assets -€261,338
down €261,338 (-10.0%), from €2.6m to €2.4m
of which Land and buildings: -€258,685
Equity and liabilities
- Profit (loss) carried forward -€176,689
down €176,689 (-24.2%), from -€729,998 to -€906,687
- Debts after one year -€83,295
down €83,295 (-10.2%), from €813,591 to €730,297
- Revaluation surpluses -€54,179
down €54,179 (-6.3%), from €866,860 to €812,681
- Reserves +€54,179
up €54,179 (+10.2%), from €528,816 to €582,995
of which Distributable reserves: +€54,179
Income statement
- Gross operating margin -€429,147
down €429,147 (-78.2%), from €548,496 to €119,349
- Financial charges -€49,000
down €49,000 (-76.1%), from €64,428 to €15,427
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.
Result 2024
€205,859
Gross operating margin
-€429,147
Depreciation
-€556
Other operating charges
+€66
Financial income
-€1,912
Financial charges
+€49,000
Result 2025
-€176,689
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.
From operations
+€98,016
Investment
-€5,806
Financing
-€101,895
Cash 2024
€14,739
From operations (derived)
+€98,016
Net result for the year
-€176,689
Depreciation
+€267,144
Receivables within one year
+€2,405
Deferred charges and accrued income
+€792
Trade debts
+€1,039
Smaller working-capital items
+€684
Accrued charges and deferred income
+€2,640
Investment (derived)
-€5,806
Investment in fixed assets (net)
-€5,806
Financing
-€101,895
Debts after one year
-€83,295
Current portion of long-term debt
-€18,600
Cash 2025
€5,054
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,650,786 | €2,376,566 | -€274,220 | -10.3% |
| Fixed assets | 21/28 | €2,618,633 | €2,357,295 | -€261,338 | -10.0% |
| Tangible fixed assets | 22/27 | €2,618,633 | €2,357,295 | -€261,338 | -10.0% |
| Land and buildings | 22 | €2,607,558 | €2,348,873 | -€258,685 | -9.9% |
| Plant, machinery and equipment | 23 | €5,014 | €3,901 | -€1,113 | -22.2% |
| Furniture and vehicles | 24 | €6,060 | €4,521 | -€1,540 | -25.4% |
| Current assets | 29/58 | €32,153 | €19,272 | -€12,882 | -40.1% |
| Amounts receivable within one year | 40/41 | €13,649 | €11,244 | -€2,405 | -17.6% |
| Trade receivables | 40 | €13,552 | €11,132 | -€2,420 | -17.9% |
| Other amounts receivable | 41 | €97 | €112 | +€15 | +15.6% |
| Cash at bank and in hand | 54/58 | €14,739 | €5,054 | -€9,685 | -65.7% |
| Deferred charges and accrued income | 490/1 | €3,766 | €2,973 | -€792 | -21.0% |
| Total equity and liabilities | 10/49 | €2,650,786 | €2,376,566 | -€274,220 | -10.3% |
| Equity | 10/15 | €727,678 | €550,989 | -€176,689 | -24.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €866,860 | €812,681 | -€54,179 | -6.3% |
| Reserves | 13 | €528,816 | €582,995 | +€54,179 | +10.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €522,616 | €576,795 | +€54,179 | +10.4% |
| Profit (loss) carried forward | 14 | -€729,998 | -€906,687 | -€176,689 | -24.2% |
| Amounts payable | 17/49 | €1,923,109 | €1,825,577 | -€97,531 | -5.1% |
| Amounts payable after more than one year | 17 | €813,591 | €730,297 | -€83,295 | -10.2% |
| Financial debts | 170/4 | €813,591 | €730,297 | -€83,295 | -10.2% |
| Amounts payable within one year | 42/48 | €1,105,786 | €1,088,909 | -€16,877 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €92,895 | €74,295 | -€18,600 | -20.0% |
| Trade debts | 44 | €2,217 | €3,256 | +€1,039 | +46.9% |
| Suppliers | 440/4 | €2,217 | €3,256 | +€1,039 | +46.9% |
| Taxes, remuneration and social security | 45 | €4,089 | €4,583 | +€494 | +12.1% |
| Taxes | 450/3 | €4,089 | €4,583 | +€494 | +12.1% |
| Other amounts payable | 47/48 | €1,006,585 | €1,006,775 | +€190 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,731 | €6,372 | +€2,640 | +70.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,589 | €267,144 | +€556 | +0.2% |
| Other operating charges | 640/8 | €13,532 | €13,466 | -€66 | -0.5% |
| Gross operating margin | 9900 | €548,496 | €119,349 | -€429,147 | -78.2% |
| Operating profit (loss) | 9901 | €268,375 | -€161,262 | -€429,637 | |
| Financial income | 75/76B | €1,912 | €0 | -€1,912 | -100.0% |
| Recurring financial income | 75 | €1,912 | €0 | -€1,912 | -100.0% |
| Financial charges | 65/66B | €64,428 | €15,427 | -€49,000 | -76.1% |
| Recurring financial charges | 65 | €64,428 | €15,427 | -€49,000 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €205,859 | -€176,689 | -€382,548 | |
| Profit (loss) for the period | 9904 | €205,859 | -€176,689 | -€382,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €205,859 | -€176,689 | -€382,548 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.