LUCLO: 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.
LUCLO
Largest movements
- Current investments -€181,800
down €181,800 (-56.7%), from €320,711 to €138,911
- Cash +€74,233
up €74,233 (+603%), from €12,316 to €86,549
mainly Current investments (+€181,800) and Other debts (+€7,018)
- Debts after one year -€75,000
down €75,000 (-60.0%), from €125,000 to €50,000
- Profit (loss) carried forward -€25,508
down €25,508 (-157%), from -€16,214 to -€41,721
- Tax, wage and social debts -€20,914
down €20,914 (-100%), from €20,914 to €0
- Other debts +€7,018
up €7,018 (+73.8%), from €9,505 to €16,522
- Trade debts +€6,756
up €6,756 (+53.2%), from €12,699 to €19,455
- Gross operating margin -€13,809
down €13,809 (-101%), from -€13,687 to -€27,496
- Financial income +€3,448
up €3,448 (+28.8%), from €11,972 to €15,420
- Other operating charges -€566
down €566 (-48.8%), from €1,159 to €593
- Financial charges -€537
down €537 (-4.0%), from €13,376 to €12,839
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 | €355,429 | €245,647 | -€109,782 | -30.9% |
| Current assets | 29/58 | €355,429 | €245,647 | -€109,782 | -30.9% |
| Amounts receivable within one year | 40/41 | €20,710 | €20,187 | -€523 | -2.5% |
| Trade receivables | 40 | €16,995 | €16,995 | = | 0.0% |
| Other amounts receivable | 41 | €3,715 | €3,192 | -€523 | -14.1% |
| Current investments | 50/53 | €320,711 | €138,911 | -€181,800 | -56.7% |
| Cash at bank and in hand | 54/58 | €12,316 | €86,549 | +€74,233 | +603% |
| Deferred charges and accrued income | 490/1 | €1,692 | €0 | -€1,692 | -100% |
| Total equity and liabilities | 10/49 | €355,429 | €245,647 | -€109,782 | -30.9% |
| Equity | 10/15 | €177,286 | €151,779 | -€25,508 | -14.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €68,500 | €68,500 | = | 0.0% |
| Distributable reserves | 133 | €68,500 | €68,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,214 | -€41,721 | -€25,508 | -157% |
| Amounts payable | 17/49 | €178,143 | €93,868 | -€84,274 | -47.3% |
| Amounts payable after more than one year | 17 | €125,000 | €50,000 | -€75,000 | -60.0% |
| Financial debts | 170/4 | €125,000 | €50,000 | -€75,000 | -60.0% |
| Amounts payable within one year | 42/48 | €43,118 | €35,977 | -€7,141 | -16.6% |
| Trade debts | 44 | €12,699 | €19,455 | +€6,756 | +53.2% |
| Suppliers | 440/4 | €12,699 | €19,455 | +€6,756 | +53.2% |
| Taxes, remuneration and social security | 45 | €20,914 | €0 | -€20,914 | -100% |
| Taxes | 450/3 | €20,914 | €0 | -€20,914 | -100% |
| Other amounts payable | 47/48 | €9,505 | €16,522 | +€7,018 | +73.8% |
| Accrued charges and deferred income | 492/3 | €10,025 | €7,891 | -€2,134 | -21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,159 | €593 | -€566 | -48.8% |
| Gross operating margin | 9900 | -€13,687 | -€27,496 | -€13,809 | -101% |
| Operating profit (loss) | 9901 | -€14,846 | -€28,088 | -€13,243 | -89.2% |
| Financial income | 75/76B | €11,972 | €15,420 | +€3,448 | +28.8% |
| Recurring financial income | 75 | €11,972 | €15,420 | +€3,448 | +28.8% |
| Financial charges | 65/66B | €13,376 | €12,839 | -€537 | -4.0% |
| Recurring financial charges | 65 | €13,376 | €12,839 | -€537 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,250 | -€25,508 | -€9,258 | -57.0% |
| Income taxes | 67/77 | -€1 | €0 | +€1 | |
| Profit (loss) for the period | 9904 | -€16,248 | -€25,508 | -€9,259 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,248 | -€25,508 | -€9,259 | -57.0% |
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 17 October 2026 via checked.be.