LUCKIDIS: 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.
LUCKIDIS
Largest movements
- Cash -€531,028
down €531,028 (-52.7%), from €1.0m to €476,474
mainly Short-term financial debts (-€669,112) and Trade debts (-€587,057)
- Receivables within one year -€529,759
down €529,759 (-88.8%), from €596,631 to €66,871
of which Trade receivables: -€493,347
- Stocks and contracts +€226,107
up €226,107 (+34.0%), from €665,859 to €891,967
- Intangible fixed assets -€220,855
down €220,855 (-18.0%), from €1.2m to €1.0m
- Tangible fixed assets -€130,049
down €130,049 (-4.6%), from €2.8m to €2.7m
of which Plant, machinery and equipment: -€105,480
- Short-term financial debts -€669,112
down €669,112 (-96.0%), from €697,015 to €27,903
- Trade debts -€587,057
down €587,057 (-45.5%), from €1.3m to €702,268
- Reserves +€309,394
up €309,394 (+3093.9%), from €10,000 to €319,394
of which Distributable reserves: +€216,766
- Accrued charges and deferred income -€184,909
down €184,909 (-75.7%), from €244,220 to €59,311
- Current portion of long-term debt +€104,494
up €104,494 (+21.3%), from €491,156 to €595,650
- Staff costs -€708,750
down €708,750 (-31.8%), from €2.2m to €1.5m
- Gross operating margin -€475,238
down €475,238 (-14.7%), from €3.2m to €2.8m
- Depreciation -€98,951
down €98,951 (-13.4%), from €740,079 to €641,128
- Financial income +€51,754
up €51,754 (+273.6%), from €18,915 to €70,669
- Financial charges +€41,187
up €41,187 (+16.3%), from €252,913 to €294,100
of which Financial charges: +€24,100
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 | €6,510,222 | €5,354,691 | -€1.2m | -17.7% |
| Formation expenses | 20 | €109,715 | €90,520 | -€19,196 | -17.5% |
| Fixed assets | 21/28 | €4,032,805 | €3,673,717 | -€359,088 | -8.9% |
| Intangible fixed assets | 21 | €1,226,739 | €1,005,884 | -€220,855 | -18.0% |
| Tangible fixed assets | 22/27 | €2,797,883 | €2,667,833 | -€130,049 | -4.6% |
| Plant, machinery and equipment | 23 | €1,351,560 | €1,246,080 | -€105,480 | -7.8% |
| Furniture and vehicles | 24 | €152,078 | €148,250 | -€3,828 | -2.5% |
| Other tangible fixed assets | 26 | €1,294,245 | €1,273,504 | -€20,741 | -1.6% |
| Financial fixed assets | 28 | €8,183 | €0 | -€8,183 | -100.0% |
| Current assets | 29/58 | €2,367,702 | €1,590,454 | -€777,247 | -32.8% |
| Stocks and contracts in progress | 3 | €665,859 | €891,967 | +€226,107 | +34.0% |
| Stocks | 30/36 | €665,859 | €891,967 | +€226,107 | +34.0% |
| Amounts receivable within one year | 40/41 | €596,631 | €66,871 | -€529,759 | -88.8% |
| Trade receivables | 40 | €553,081 | €59,734 | -€493,347 | -89.2% |
| Other amounts receivable | 41 | €43,550 | €7,137 | -€36,412 | -83.6% |
| Cash at bank and in hand | 54/58 | €1,007,501 | €476,474 | -€531,028 | -52.7% |
| Deferred charges and accrued income | 490/1 | €97,711 | €155,143 | +€57,432 | +58.8% |
| Total equity and liabilities | 10/49 | €6,510,222 | €5,354,691 | -€1.2m | -17.7% |
| Equity | 10/15 | €509,253 | €814,394 | +€305,142 | +59.9% |
| Contributions | 10/11 | €495,000 | €495,000 | = | 0.0% |
| Capital | 10 | €495,000 | €495,000 | = | 0.0% |
| Issued capital | 100 | €495,000 | €495,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €319,394 | +€309,394 | +3093.9% |
| Non-distributable reserves | 130/1 | €10,000 | €102,628 | +€92,628 | +926.3% |
| Legal reserve | 130 | €10,000 | €102,628 | +€92,628 | +926.3% |
| Distributable reserves | 133 | - | €216,766 | +€216,766 | |
| Profit (loss) carried forward | 14 | €4,253 | €0 | -€4,253 | -100.0% |
| Amounts payable | 17/49 | €6,000,969 | €4,540,297 | -€1.5m | -24.3% |
| Amounts payable after more than one year | 17 | €2,982,976 | €2,878,965 | -€104,011 | -3.5% |
| Financial debts | 170/4 | €2,982,976 | €2,878,965 | -€104,011 | -3.5% |
| Amounts payable within one year | 42/48 | €2,773,774 | €1,602,021 | -€1.2m | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €491,156 | €595,650 | +€104,494 | +21.3% |
| Financial debts | 43 | €697,015 | €27,903 | -€669,112 | -96.0% |
| Credit institutions | 430/8 | €697,015 | €27,903 | -€669,112 | -96.0% |
| Trade debts | 44 | €1,289,325 | €702,268 | -€587,057 | -45.5% |
| Suppliers | 440/4 | €1,289,325 | €702,268 | -€587,057 | -45.5% |
| Advances received on contracts in progress | 46 | - | €127 | +€127 | |
| Taxes, remuneration and social security | 45 | €296,278 | €276,072 | -€20,206 | -6.8% |
| Taxes | 450/3 | €27,419 | €22,768 | -€4,651 | -17.0% |
| Remuneration and social security | 454/9 | €268,859 | €253,304 | -€15,555 | -5.8% |
| Accrued charges and deferred income | 492/3 | €244,220 | €59,311 | -€184,909 | -75.7% |
| Non-recurring operating income | 76A | €886,930 | €156,000 | -€730,930 | -82.4% |
| Remuneration, social security and pensions | 62 | €2,227,848 | €1,519,098 | -€708,750 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740,079 | €641,128 | -€98,951 | -13.4% |
| Other operating charges | 640/8 | €19,172 | €15,323 | -€3,849 | -20.1% |
| Non-recurring operating charges | 66A | €1,864 | €22,584 | +€20,720 | +1111.6% |
| Gross operating margin | 9900 | €3,237,296 | €2,762,058 | -€475,238 | -14.7% |
| Operating profit (loss) | 9901 | €248,334 | €563,926 | +€315,592 | +127.1% |
| Financial income | 75/76B | €18,915 | €70,669 | +€51,754 | +273.6% |
| Recurring financial income | 75 | €18,915 | €70,669 | +€51,754 | +273.6% |
| Financial charges | 65/66B | €252,913 | €294,100 | +€41,187 | +16.3% |
| Recurring financial charges | 65 | €252,913 | €277,012 | +€24,100 | +9.5% |
| Non-recurring financial charges | 66B | - | €17,087 | +€17,087 | |
| Profit (loss) for the period before taxes | 9903 | €14,336 | €340,495 | +€326,159 | +2275.1% |
| Income taxes | 67/77 | €83 | €35,353 | +€35,270 | +42345.7% |
| Profit (loss) for the period | 9904 | €14,253 | €305,142 | +€290,889 | +2041.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,253 | €305,142 | +€290,889 | +2041.0% |
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 5 October 2026 via checked.be.