LUCOTECH-BACO: 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.
LUCOTECH
Largest movements
- Tangible fixed assets -€9,871
down €9,871 (-54.8%), from €18,028 to €8,157
of which Furniture and vehicles: -€7,575
- Stocks and contracts -€6,180
down €6,180 (-52.5%), from €11,780 to €5,600
- Receivables within one year -€3,660
down €3,660 (-45.9%), from €7,981 to €4,322
of which Trade receivables: -€3,277
- Deferred charges and accrued income -€1,320
down €1,320 (-17.4%), from €7,570 to €6,250
- Other debts -€43,725
down €43,725 (-72.1%), from €60,674 to €16,949
- Profit (loss) carried forward +€30,084
up €30,084 (+8.5%), from -€354,328 to -€324,244
- Current portion of long-term debt -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€6,242
up €6,242 (+101%), from €6,205 to €12,447
- Tax, wage and social debts -€3,599
down €3,599 (-89.1%), from €4,039 to €440
- Gross operating margin +€7,707
up €7,707 (+21.8%), from €35,404 to €43,112
- Depreciation -€1,444
down €1,444 (-12.8%), from €11,314 to €9,871
- Other operating charges +€777
up €777 (+291%), from €267 to €1,044
- Financial charges +€669
up €669 (+158%), from €423 to €1,092
- Taxes +€509
up €509 (+98.1%), from €519 to €1,028
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 | €47,214 | €26,216 | -€20,998 | -44.5% |
| Fixed assets | 21/28 | €18,028 | €8,157 | -€9,871 | -54.8% |
| Tangible fixed assets | 22/27 | €18,028 | €8,157 | -€9,871 | -54.8% |
| Plant, machinery and equipment | 23 | €4,794 | €2,841 | -€1,952 | -40.7% |
| Furniture and vehicles | 24 | €11,174 | €3,599 | -€7,575 | -67.8% |
| Assets under construction and advance payments | 27 | €2,060 | €1,717 | -€343 | -16.7% |
| Current assets | 29/58 | €29,187 | €18,060 | -€11,127 | -38.1% |
| Stocks and contracts in progress | 3 | €11,780 | €5,600 | -€6,180 | -52.5% |
| Stocks | 30/36 | €11,780 | €5,600 | -€6,180 | -52.5% |
| Amounts receivable within one year | 40/41 | €7,981 | €4,322 | -€3,660 | -45.9% |
| Trade receivables | 40 | €6,256 | €2,978 | -€3,277 | -52.4% |
| Other amounts receivable | 41 | €1,726 | €1,343 | -€383 | -22.2% |
| Cash at bank and in hand | 54/58 | €1,855 | €1,888 | +€33 | +1.8% |
| Deferred charges and accrued income | 490/1 | €7,570 | €6,250 | -€1,320 | -17.4% |
| Total equity and liabilities | 10/49 | €47,214 | €26,216 | -€20,998 | -44.5% |
| Equity | 10/15 | -€333,703 | -€303,619 | +€30,084 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €625 | €625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €625 | €625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €625 | €625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,328 | -€324,244 | +€30,084 | +8.5% |
| Amounts payable | 17/49 | €380,917 | €329,835 | -€51,082 | -13.4% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,917 | €29,835 | -€51,082 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €6,205 | €12,447 | +€6,242 | +101% |
| Suppliers | 440/4 | €6,205 | €12,447 | +€6,242 | +101% |
| Taxes, remuneration and social security | 45 | €4,039 | €440 | -€3,599 | -89.1% |
| Taxes | 450/3 | €4,039 | €440 | -€3,599 | -89.1% |
| Other amounts payable | 47/48 | €60,674 | €16,949 | -€43,725 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,314 | €9,871 | -€1,444 | -12.8% |
| Other operating charges | 640/8 | €267 | €1,044 | +€777 | +291% |
| Gross operating margin | 9900 | €35,404 | €43,112 | +€7,707 | +21.8% |
| Operating profit (loss) | 9901 | €23,823 | €32,197 | +€8,374 | +35.2% |
| Financial income | 75/76B | €12 | €8 | -€5 | -38.5% |
| Recurring financial income | 75 | €12 | €8 | -€5 | -38.5% |
| Financial charges | 65/66B | €423 | €1,092 | +€669 | +158% |
| Recurring financial charges | 65 | €423 | €1,092 | +€669 | +158% |
| Profit (loss) for the period before taxes | 9903 | €23,413 | €31,112 | +€7,700 | +32.9% |
| Income taxes | 67/77 | €519 | €1,028 | +€509 | +98.1% |
| Profit (loss) for the period | 9904 | €22,894 | €30,084 | +€7,191 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,894 | €30,084 | +€7,191 | +31.4% |
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 23 October 2026 via checked.be.