LUCQ: what changed
LUCQ
Largest movements
- Cash -€692,669
down €692,669 (-92.6%), from €748,170 to €55,501
mainly Debts after one year (-€476,088) and Net result for the year (-€114,081)
- Tangible fixed assets -€103,406
down €103,406 (-6.5%), from €1.6m to €1.5m
of which Land and buildings: -€75,299
- Receivables within one year +€95,110
up €95,110 (+181%), from €52,583 to €147,693
of which Other amounts receivable: +€83,656
- Debts after one year -€476,088
down €476,088 (-46.7%), from €1.0m to €543,948
- Reserves -€114,081
down €114,081 (-10.5%), from €1.1m to €974,349
- Trade debts -€41,870
down €41,870 (-74.1%), from €56,535 to €14,665
- Current portion of long-term debt -€36,969
down €36,969 (-36.2%), from €102,242 to €65,274
- Tax, wage and social debts -€27,433
down €27,433 (-62.6%), from €43,799 to €16,366
- Gross operating margin -€111,299
down €111,299 (-63.0%), from €176,741 to €65,442
- Depreciation +€10,004
up €10,004 (+9.2%), from €108,731 to €118,735
- Staff costs +€8,566
new in 2025: €8,566
- Financial income -€7,545
down €7,545 (-31.9%), from €23,642 to €16,098
- Taxes -€6,719
down €6,719 (-95.8%), from €7,012 to €293
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,417,327 | €1,715,893 | -€701,434 | -29.0% |
| Fixed assets | 21/28 | €1,601,268 | €1,497,863 | -€103,406 | -6.5% |
| Tangible fixed assets | 22/27 | €1,601,268 | €1,497,863 | -€103,406 | -6.5% |
| Land and buildings | 22 | €1,465,190 | €1,389,890 | -€75,299 | -5.1% |
| Furniture and vehicles | 24 | €136,079 | €107,972 | -€28,106 | -20.7% |
| Current assets | 29/58 | €816,059 | €218,031 | -€598,028 | -73.3% |
| Amounts receivable within one year | 40/41 | €52,583 | €147,693 | +€95,110 | +181% |
| Trade receivables | 40 | €78 | €11,532 | +€11,454 | +14,724% |
| Other amounts receivable | 41 | €52,505 | €136,162 | +€83,656 | +159% |
| Cash at bank and in hand | 54/58 | €748,170 | €55,501 | -€692,669 | -92.6% |
| Deferred charges and accrued income | 490/1 | €15,305 | €14,836 | -€470 | -3.1% |
| Total equity and liabilities | 10/49 | €2,417,327 | €1,715,893 | -€701,434 | -29.0% |
| Equity | 10/15 | €1,162,630 | €1,048,549 | -€114,081 | -9.8% |
| Contributions | 10/11 | €74,200 | €74,200 | = | 0.0% |
| Reserves | 13 | €1,088,430 | €974,349 | -€114,081 | -10.5% |
| Distributable reserves | 133 | €1,088,430 | €974,349 | -€114,081 | -10.5% |
| Amounts payable | 17/49 | €1,254,697 | €667,345 | -€587,353 | -46.8% |
| Amounts payable after more than one year | 17 | €1,020,035 | €543,948 | -€476,088 | -46.7% |
| Financial debts | 170/4 | €1,020,035 | €543,948 | -€476,088 | -46.7% |
| Amounts payable within one year | 42/48 | €232,825 | €121,549 | -€111,276 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €102,242 | €65,274 | -€36,969 | -36.2% |
| Financial debts | 43 | €21,021 | €17,744 | -€3,277 | -15.6% |
| Other loans | 439 | €21,021 | €17,744 | -€3,277 | -15.6% |
| Trade debts | 44 | €56,535 | €14,665 | -€41,870 | -74.1% |
| Suppliers | 440/4 | €56,535 | €14,665 | -€41,870 | -74.1% |
| Advances received on contracts in progress | 46 | €1,728 | - | -€1,728 | |
| Taxes, remuneration and social security | 45 | €43,799 | €16,366 | -€27,433 | -62.6% |
| Taxes | 450/3 | €43,799 | €16,366 | -€27,433 | -62.6% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,837 | €1,848 | +€10 | +0.6% |
| Non-recurring operating income | 76A | €25,000 | - | -€25,000 | |
| Remuneration, social security and pensions | 62 | - | €8,566 | +€8,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,731 | €118,735 | +€10,004 | +9.2% |
| Other operating charges | 640/8 | €6,730 | €7,791 | +€1,060 | +15.8% |
| Gross operating margin | 9900 | €176,741 | €65,442 | -€111,299 | -63.0% |
| Operating profit (loss) | 9901 | €61,279 | -€69,650 | -€130,929 | |
| Financial income | 75/76B | €23,642 | €16,098 | -€7,545 | -31.9% |
| Recurring financial income | 75 | €23,642 | €16,098 | -€7,545 | -31.9% |
| Financial charges | 65/66B | €58,947 | €60,237 | +€1,290 | +2.2% |
| Recurring financial charges | 65 | €58,947 | €59,869 | +€923 | +1.6% |
| Non-recurring financial charges | 66B | - | €367 | +€367 | |
| Profit (loss) for the period before taxes | 9903 | €25,975 | -€113,789 | -€139,763 | |
| Income taxes | 67/77 | €7,012 | €293 | -€6,719 | -95.8% |
| Profit (loss) for the period | 9904 | €18,963 | -€114,081 | -€133,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,963 | -€114,081 | -€133,044 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.