LuckyWay: 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.
LuckyWay
Largest movements
- Financial fixed assets -€4.0m
down €4.0m (-17.7%), from €22.4m to €18.4m
- Current investments -€1.3m
down €1.3m (-1.3%), from €96.1m to €94.8m
- Reserves -€2.8m
down €2.8m (-6.4%), from €43.5m to €40.7m
of which Distributable reserves: -€2.8m
- Other debts -€2.0m
down €2.0m (-87.4%), from €2.3m to €287,895
- Financial charges +€5.5m
up €5.5m (+204%), from €2.7m to €8.1m
of which Non-recurring financial charges: +€4.9m
- Financial income +€1.9m
up €1.9m (+35.9%), from €5.3m to €7.2m
- Taxes +€762,532
up €762,532 (+239%), from €318,545 to €1.1m
- Gross operating margin +€311,545
up €311,545 (+37.2%), from -€838,093 to -€526,548
- Other operating charges -€48,072
down €48,072 (-17.2%), from €279,748 to €231,677
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 | €124,545,961 | €119,188,265 | -€5.4m | -4.3% |
| Fixed assets | 21/28 | €24,154,245 | €20,144,221 | -€4.0m | -16.6% |
| Tangible fixed assets | 22/27 | €1,757,358 | €1,701,618 | -€55,740 | -3.2% |
| Other tangible fixed assets | 26 | €1,757,358 | €1,701,618 | -€55,740 | -3.2% |
| Financial fixed assets | 28 | €22,396,887 | €18,442,603 | -€4.0m | -17.7% |
| Current assets | 29/58 | €100,391,716 | €99,044,044 | -€1.3m | -1.3% |
| Stocks and contracts in progress | 3 | €74,116 | €74,116 | = | 0.0% |
| Stocks | 30/36 | €74,116 | €74,116 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,577,571 | €3,451,701 | -€125,870 | -3.5% |
| Trade receivables | 40 | €46,871 | €76,139 | +€29,268 | +62.4% |
| Other amounts receivable | 41 | €3,530,700 | €3,375,562 | -€155,138 | -4.4% |
| Current investments | 50/53 | €96,067,873 | €94,773,774 | -€1.3m | -1.3% |
| Cash at bank and in hand | 54/58 | €671,908 | €744,452 | +€72,545 | +10.8% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €124,545,961 | €119,188,265 | -€5.4m | -4.3% |
| Equity | 10/15 | €120,637,376 | €117,842,552 | -€2.8m | -2.3% |
| Contributions | 10/11 | €77,164,500 | €77,164,500 | = | 0.0% |
| Reserves | 13 | €43,472,000 | €40,678,000 | -€2.8m | -6.4% |
| Non-distributable reserves | 130/1 | €935,000 | €935,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €935,000 | €935,000 | = | 0.0% |
| Distributable reserves | 133 | €42,537,000 | €39,743,000 | -€2.8m | -6.6% |
| Profit (loss) carried forward | 14 | €876 | €52 | -€824 | -94.0% |
| Amounts payable | 17/49 | €3,908,585 | €1,345,713 | -€2.6m | -65.6% |
| Amounts payable after more than one year | 17 | €444,012 | €316,995 | -€127,018 | -28.6% |
| Financial debts | 170/4 | €444,012 | €316,995 | -€127,018 | -28.6% |
| Amounts payable within one year | 42/48 | €3,464,425 | €1,028,718 | -€2.4m | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €192,236 | €127,018 | -€65,218 | -33.9% |
| Trade debts | 44 | €661,422 | €448,971 | -€212,451 | -32.1% |
| Suppliers | 440/4 | €661,422 | €448,971 | -€212,451 | -32.1% |
| Taxes, remuneration and social security | 45 | €321,082 | €164,834 | -€156,248 | -48.7% |
| Taxes | 450/3 | €321,082 | €164,834 | -€156,248 | -48.7% |
| Other amounts payable | 47/48 | €2,289,686 | €287,895 | -€2.0m | -87.4% |
| Accrued charges and deferred income | 492/3 | €147 | - | -€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,740 | €55,740 | = | 0.0% |
| Other operating charges | 640/8 | €279,748 | €231,677 | -€48,072 | -17.2% |
| Gross operating margin | 9900 | -€838,093 | -€526,548 | +€311,545 | +37.2% |
| Operating profit (loss) | 9901 | -€1,173,582 | -€813,965 | +€359,617 | +30.6% |
| Financial income | 75/76B | €5,328,348 | €7,239,532 | +€1.9m | +35.9% |
| Recurring financial income | 75 | €5,328,348 | €7,239,532 | +€1.9m | +35.9% |
| Financial charges | 65/66B | €2,677,874 | €8,139,314 | +€5.5m | +204% |
| Recurring financial charges | 65 | €2,648,290 | €3,213,216 | +€564,926 | +21.3% |
| Non-recurring financial charges | 66B | €29,584 | €4,926,098 | +€4.9m | +16,551% |
| Profit (loss) for the period before taxes | 9903 | €1,476,893 | -€1,713,747 | -€3.2m | |
| Income taxes | 67/77 | €318,545 | €1,081,077 | +€762,532 | +239% |
| Profit (loss) for the period | 9904 | €1,158,348 | -€2,794,824 | -€4.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,158,348 | -€2,794,824 | -€4.0m |
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 25 October 2026 via checked.be.