LUCRATIEF: 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.
LUCRATIEF
Largest movements
- Receivables within one year -€14,851
down €14,851 (-42.2%), from €35,193 to €20,342
of which Trade receivables: -€17,600
- Stocks and contracts +€9,613
new in 2025: €9,613
- Cash +€9,161
up €9,161 (+33.2%), from €27,600 to €36,761
mainly Receivables within one year (+€14,851) and Trade debts (+€11,483)
- Tangible fixed assets -€6,170
down €6,170 (-40.0%), from €15,413 to €9,243
- Trade debts +€11,483
up €11,483 (+37.1%), from €30,938 to €42,421
- Profit (loss) carried forward -€9,738
down €9,738 (-5.9%), from -€164,781 to -€174,519
- Other debts -€3,264
down €3,264 (-93.8%), from €3,479 to €216
- Gross operating margin -€28,773
down €28,773, from €26,656 to -€2,117
- Taxes -€8,281
down €8,281 (-94.9%), from €8,729 to €448
- Financial charges -€3,934
down €3,934 (-70.2%), from €5,601 to €1,667
- Depreciation +€2,552
up €2,552 (+70.5%), from €3,618 to €6,170
- Other operating charges +€489
up €489 (+25.9%), from €1,886 to €2,374
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 | €114,762 | €112,515 | -€2,247 | -2.0% |
| Fixed assets | 21/28 | €51,968 | €45,798 | -€6,170 | -11.9% |
| Tangible fixed assets | 22/27 | €15,413 | €9,243 | -€6,170 | -40.0% |
| Furniture and vehicles | 24 | €15,413 | €9,243 | -€6,170 | -40.0% |
| Financial fixed assets | 28 | €36,555 | €36,555 | = | 0.0% |
| Current assets | 29/58 | €62,794 | €66,716 | +€3,923 | +6.2% |
| Stocks and contracts in progress | 3 | - | €9,613 | +€9,613 | |
| Stocks | 30/36 | - | €9,613 | +€9,613 | |
| Amounts receivable within one year | 40/41 | €35,193 | €20,342 | -€14,851 | -42.2% |
| Trade receivables | 40 | €31,468 | €13,868 | -€17,600 | -55.9% |
| Other amounts receivable | 41 | €3,726 | €6,474 | +€2,749 | +73.8% |
| Cash at bank and in hand | 54/58 | €27,600 | €36,761 | +€9,161 | +33.2% |
| Total equity and liabilities | 10/49 | €114,762 | €112,515 | -€2,247 | -2.0% |
| Equity | 10/15 | €20,464 | €10,726 | -€9,738 | -47.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €179,048 | €179,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €179,048 | €179,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,781 | -€174,519 | -€9,738 | -5.9% |
| Amounts payable | 17/49 | €94,298 | €101,788 | +€7,490 | +7.9% |
| Amounts payable after more than one year | 17 | €59,152 | €59,152 | = | 0.0% |
| Financial debts | 170/4 | €59,152 | €59,152 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,146 | €42,637 | +€7,490 | +21.3% |
| Trade debts | 44 | €30,938 | €42,421 | +€11,483 | +37.1% |
| Suppliers | 440/4 | €30,938 | €42,421 | +€11,483 | +37.1% |
| Taxes, remuneration and social security | 45 | €729 | €0 | -€729 | -100% |
| Taxes | 450/3 | €729 | €0 | -€729 | -100% |
| Other amounts payable | 47/48 | €3,479 | €216 | -€3,264 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,618 | €6,170 | +€2,552 | +70.5% |
| Other operating charges | 640/8 | €1,886 | €2,374 | +€489 | +25.9% |
| Non-recurring operating charges | 66A | - | €584 | +€584 | |
| Gross operating margin | 9900 | €26,656 | -€2,117 | -€28,773 | |
| Operating profit (loss) | 9901 | €21,152 | -€11,245 | -€32,398 | |
| Financial income | 75/76B | €3,649 | €3,623 | -€26 | -0.7% |
| Recurring financial income | 75 | €3,649 | €3,623 | -€26 | -0.7% |
| Financial charges | 65/66B | €5,601 | €1,667 | -€3,934 | -70.2% |
| Recurring financial charges | 65 | €5,601 | €1,667 | -€3,934 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €19,201 | -€9,289 | -€28,490 | |
| Income taxes | 67/77 | €8,729 | €448 | -€8,281 | -94.9% |
| Profit (loss) for the period | 9904 | €10,471 | -€9,738 | -€20,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,471 | -€9,738 | -€20,209 |
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 21 October 2026 via checked.be.