LucRos: what changed
Two fiscal 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.
What changed
LucRos
NACE 47.230, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€127,806
2024 · €118,105+€9,701
Equity
€422,767
2024 · €407,624+€15,143
Cash
€507,363
2024 · €446,250+€61,113
Balance sheet total
€1.1m
2024 · €830,982+€222,474
Largest movements
Assets
- Tangible fixed assets +€161,423
up €161,423 (+43.3%), from €372,582 to €534,005
- Cash +€61,113
up €61,113 (+13.7%), from €446,250 to €507,363
mainly Net result for the year (+€127,806) and Other debts (+€72,344)
Equity and liabilities
- Other debts +€72,344
up €72,344 (+184.9%), from €39,129 to €111,473
- Debts after one year +€60,782
up €60,782 (+21.3%), from €285,886 to €346,669
- Trade debts +€51,948
up €51,948 (+138.2%), from €37,592 to €89,541
- Reserves +€15,143
up €15,143 (+3.9%), from €387,624 to €402,767
- Current portion of long-term debt +€14,845
up €14,845 (+32.7%), from €45,428 to €60,273
Income statement
- Gross operating margin +€38,364
up €38,364 (+16.3%), from €235,387 to €273,750
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.
Result 2024
€118,105
Gross operating margin
+€38,364
Depreciation
+€1,431
Other operating charges
-€194
Other operating items
-€29,682
Financial income
+€371
Financial charges
-€1,758
Taxes
+€1,169
Result 2025
€127,806
Cash bridge derived
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.
From operations
+€307,050
Investment
-€208,901
Financing
-€37,036
Cash 2024
€446,250
From operations (derived)
+€307,050
Net result for the year
+€127,806
Depreciation
+€48,829
Smaller working-capital items
+€184
Deferred charges and accrued income
-€1,472
Trade debts
+€51,948
Tax, wage and social debts
+€6,540
Other debts
+€72,344
Accrued charges and deferred income
+€871
Investment (derived)
-€208,901
Investment in fixed assets (net)
-€208,901
Financing
-€37,036
Debts after one year
+€60,782
Current portion of long-term debt
+€14,845
Contributions, distributions and other
-€112,663
Cash 2025
€507,363
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €830,982 | €1,053,456 | +€222,474 | +26.8% |
| Fixed assets | 21/28 | €376,107 | €536,180 | +€160,073 | +42.6% |
| Intangible fixed assets | 21 | €2,025 | €675 | -€1,350 | -66.7% |
| Tangible fixed assets | 22/27 | €372,582 | €534,005 | +€161,423 | +43.3% |
| Land and buildings | 22 | €156,882 | €220,622 | +€63,739 | +40.6% |
| Plant, machinery and equipment | 23 | €11,086 | €12,661 | +€1,576 | +14.2% |
| Furniture and vehicles | 24 | €9,957 | €56,769 | +€46,811 | +470.1% |
| Leasing and similar rights | 25 | €58,412 | €125,297 | +€66,885 | +114.5% |
| Other tangible fixed assets | 26 | €136,245 | €118,656 | -€17,589 | -12.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €454,875 | €517,276 | +€62,402 | +13.7% |
| Stocks and contracts in progress | 3 | €875 | €676 | -€200 | -22.8% |
| Stocks | 30/36 | €875 | €676 | -€200 | -22.8% |
| Amounts receivable within one year | 40/41 | €4,295 | €4,310 | +€16 | +0.4% |
| Trade receivables | 40 | €1,331 | €1,200 | -€131 | -9.8% |
| Other amounts receivable | 41 | €2,964 | €3,110 | +€146 | +4.9% |
| Cash at bank and in hand | 54/58 | €446,250 | €507,363 | +€61,113 | +13.7% |
| Deferred charges and accrued income | 490/1 | €3,454 | €4,927 | +€1,472 | +42.6% |
| Total equity and liabilities | 10/49 | €830,982 | €1,053,456 | +€222,474 | +26.8% |
| Equity | 10/15 | €407,624 | €422,767 | +€15,143 | +3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €387,624 | €402,767 | +€15,143 | +3.9% |
| Distributable reserves | 133 | €387,624 | €402,767 | +€15,143 | +3.9% |
| Amounts payable | 17/49 | €423,358 | €630,689 | +€207,331 | +49.0% |
| Amounts payable after more than one year | 17 | €285,886 | €346,669 | +€60,782 | +21.3% |
| Financial debts | 170/4 | €285,886 | €346,669 | +€60,782 | +21.3% |
| Amounts payable within one year | 42/48 | €134,462 | €280,141 | +€145,678 | +108.3% |
| Current portion of amounts payable after more than one year | 42 | €45,428 | €60,273 | +€14,845 | +32.7% |
| Trade debts | 44 | €37,592 | €89,541 | +€51,948 | +138.2% |
| Suppliers | 440/4 | €37,592 | €89,541 | +€51,948 | +138.2% |
| Taxes, remuneration and social security | 45 | €12,313 | €18,854 | +€6,540 | +53.1% |
| Taxes | 450/3 | €12,313 | €18,854 | +€6,540 | +53.1% |
| Other amounts payable | 47/48 | €39,129 | €111,473 | +€72,344 | +184.9% |
| Accrued charges and deferred income | 492/3 | €3,009 | €3,880 | +€871 | +28.9% |
| Non-recurring operating income | 76A | €8,109 | €18,154 | +€10,046 | +123.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,260 | €48,829 | -€1,431 | -2.8% |
| Other operating charges | 640/8 | €1,599 | €1,794 | +€194 | +12.1% |
| Non-recurring operating charges | 66A | - | €29,682 | +€29,682 | |
| Gross operating margin | 9900 | €235,387 | €273,750 | +€38,364 | +16.3% |
| Operating profit (loss) | 9901 | €183,527 | €193,446 | +€9,919 | +5.4% |
| Financial income | 75/76B | €496 | €866 | +€371 | +74.7% |
| Recurring financial income | 75 | €496 | €866 | +€371 | +74.7% |
| Financial charges | 65/66B | €17,584 | €19,342 | +€1,758 | +10.0% |
| Recurring financial charges | 65 | €17,584 | €19,342 | +€1,758 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €166,439 | €174,970 | +€8,532 | +5.1% |
| Income taxes | 67/77 | €48,334 | €47,164 | -€1,169 | -2.4% |
| Profit (loss) for the period | 9904 | €118,105 | €127,806 | +€9,701 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €118,105 | €127,806 | +€9,701 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.