LUCRIMO: 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.
LUCRIMO
Largest movements
- Cash -€9,806
down €9,806 (-31.6%), from €31,060 to €21,254
mainly Debts after one year (-€20,817) and Investment in fixed assets (net) (-€16,198)
- Debts after one year -€20,817
down €20,817 (-52.2%), from €39,854 to €19,037
of which Financial debts: -€20,817
- Short-term financial debts +€11,885
up €11,885 (+47.2%), from €25,170 to €37,055
- Reserves -€10,000
down €10,000 (-14.4%), from €69,598 to €59,598
of which Non-distributable reserves: -€10,000
- Profit (loss) carried forward +€8,242
up €8,242 (+9.1%), from €90,732 to €98,974
- Trade debts +€3,671
up €3,671 (+714%), from €514 to €4,185
- Gross operating margin -€3,667
down €3,667 (-9.2%), from €39,873 to €36,206
- Taxes -€1,472
down €1,472 (-31.1%), from €4,730 to €3,258
- Other operating charges +€896
up €896 (+10.1%), from €8,886 to €9,782
- Depreciation +€867
up €867 (+6.6%), from €13,132 to €13,999
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 | €294,646 | €285,909 | -€8,737 | -3.0% |
| Fixed assets | 21/28 | €262,456 | €264,655 | +€2,199 | +0.8% |
| Tangible fixed assets | 22/27 | €262,456 | €264,655 | +€2,199 | +0.8% |
| Land and buildings | 22 | €239,648 | €246,064 | +€6,416 | +2.7% |
| Plant, machinery and equipment | 23 | €22,808 | €18,591 | -€4,217 | -18.5% |
| Current assets | 29/58 | €32,190 | €21,254 | -€10,936 | -34.0% |
| Amounts receivable after more than one year | 29 | €1,130 | - | -€1,130 | |
| Other amounts receivable | 291 | €1,130 | - | -€1,130 | |
| Cash at bank and in hand | 54/58 | €31,060 | €21,254 | -€9,806 | -31.6% |
| Total equity and liabilities | 10/49 | €294,646 | €285,909 | -€8,737 | -3.0% |
| Equity | 10/15 | €222,303 | €220,545 | -€1,758 | -0.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €69,598 | €59,598 | -€10,000 | -14.4% |
| Non-distributable reserves | 130/1 | €16,197 | €6,197 | -€10,000 | -61.7% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €53,401 | €53,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,732 | €98,974 | +€8,242 | +9.1% |
| Amounts payable | 17/49 | €72,343 | €65,364 | -€6,979 | -9.6% |
| Amounts payable after more than one year | 17 | €39,854 | €19,037 | -€20,817 | -52.2% |
| Financial debts | 170/4 | €38,812 | €17,995 | -€20,817 | -53.6% |
| Other amounts payable | 178/9 | €1,042 | €1,042 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,914 | €42,547 | +€13,633 | +47.2% |
| Financial debts | 43 | €25,170 | €37,055 | +€11,885 | +47.2% |
| Credit institutions | 430/8 | €25,170 | €37,055 | +€11,885 | +47.2% |
| Trade debts | 44 | €514 | €4,185 | +€3,671 | +714% |
| Suppliers | 440/4 | €514 | €4,185 | +€3,671 | +714% |
| Taxes, remuneration and social security | 45 | €3,230 | €1,307 | -€1,923 | -59.5% |
| Taxes | 450/3 | €3,230 | €1,307 | -€1,923 | -59.5% |
| Accrued charges and deferred income | 492/3 | €3,575 | €3,780 | +€205 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,132 | €13,999 | +€867 | +6.6% |
| Other operating charges | 640/8 | €8,886 | €9,782 | +€896 | +10.1% |
| Gross operating margin | 9900 | €39,873 | €36,206 | -€3,667 | -9.2% |
| Operating profit (loss) | 9901 | €17,855 | €12,425 | -€5,430 | -30.4% |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €1,343 | €1,045 | -€298 | -22.2% |
| Recurring financial charges | 65 | €1,343 | €1,045 | -€298 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €16,512 | €11,500 | -€5,012 | -30.4% |
| Income taxes | 67/77 | €4,730 | €3,258 | -€1,472 | -31.1% |
| Profit (loss) for the period | 9904 | €11,782 | €8,242 | -€3,540 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,782 | €8,242 | -€3,540 | -30.0% |
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 26 October 2026 via checked.be.