LUCSY: 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.
LUCSY
Largest movements
- Current investments +€99,978
up €99,978 (+55407.6%), from €180 to €100,158
- Cash -€96,228
down €96,228 (-66.8%), from €144,023 to €47,796
mainly Current investments (-€99,978) and Other debts (-€25,206)
- Receivables within one year +€17,908
new in 2025: €17,908
- Tangible fixed assets -€12,534
down €12,534 (-17.9%), from €70,153 to €57,619
of which Furniture and vehicles: -€6,534
- Reserves +€63,170
up €63,170 (+52.9%), from €119,467 to €182,637
- Other debts -€25,206
down €25,206 (-45.0%), from €55,970 to €30,763
- Tax, wage and social debts -€21,654
down €21,654 (-60.0%), from €36,107 to €14,453
- Short-term financial debts -€5,985
no longer reported in 2025 (was €5,985)
- Gross operating margin +€42,947
up €42,947 (+43.3%), from €99,234 to €142,181
- Staff costs +€13,246
up €13,246 (+183.1%), from €7,235 to €20,481
- Taxes +€5,598
up €5,598 (+20.1%), from €27,899 to €33,497
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,219 | €227,983 | +€9,765 | +4.5% |
| Fixed assets | 21/28 | €70,153 | €57,619 | -€12,534 | -17.9% |
| Tangible fixed assets | 22/27 | €70,153 | €57,619 | -€12,534 | -17.9% |
| Furniture and vehicles | 24 | €64,153 | €57,619 | -€6,534 | -10.2% |
| Other tangible fixed assets | 26 | €6,000 | - | -€6,000 | |
| Current assets | 29/58 | €148,065 | €170,364 | +€22,299 | +15.1% |
| Amounts receivable within one year | 40/41 | - | €17,908 | +€17,908 | |
| Trade receivables | 40 | - | €17,908 | +€17,908 | |
| Current investments | 50/53 | €180 | €100,158 | +€99,978 | +55407.6% |
| Cash at bank and in hand | 54/58 | €144,023 | €47,796 | -€96,228 | -66.8% |
| Deferred charges and accrued income | 490/1 | €3,862 | €4,503 | +€641 | +16.6% |
| Total equity and liabilities | 10/49 | €218,219 | €227,983 | +€9,765 | +4.5% |
| Equity | 10/15 | €119,467 | €182,637 | +€63,170 | +52.9% |
| Reserves | 13 | €119,467 | €182,637 | +€63,170 | +52.9% |
| Distributable reserves | 133 | €119,467 | €182,637 | +€63,170 | +52.9% |
| Amounts payable | 17/49 | €98,752 | €45,346 | -€53,405 | -54.1% |
| Amounts payable within one year | 42/48 | €98,752 | €45,346 | -€53,405 | -54.1% |
| Financial debts | 43 | €5,985 | - | -€5,985 | |
| Credit institutions | 430/8 | €5,985 | - | -€5,985 | |
| Trade debts | 44 | €690 | €129 | -€561 | -81.3% |
| Suppliers | 440/4 | €690 | €129 | -€561 | -81.3% |
| Taxes, remuneration and social security | 45 | €36,107 | €14,453 | -€21,654 | -60.0% |
| Taxes | 450/3 | €36,107 | €14,453 | -€21,654 | -60.0% |
| Other amounts payable | 47/48 | €55,970 | €30,763 | -€25,206 | -45.0% |
| Remuneration, social security and pensions | 62 | €7,235 | €20,481 | +€13,246 | +183.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,795 | €18,567 | +€772 | +4.3% |
| Other operating charges | 640/8 | €1,018 | €367 | -€652 | -64.0% |
| Non-recurring operating charges | 66A | - | €6,000 | +€6,000 | |
| Gross operating margin | 9900 | €99,234 | €142,181 | +€42,947 | +43.3% |
| Operating profit (loss) | 9901 | €73,185 | €96,766 | +€23,581 | +32.2% |
| Financial income | 75/76B | - | €226 | +€226 | |
| Recurring financial income | 75 | - | €226 | +€226 | |
| Financial charges | 65/66B | €354 | €325 | -€29 | -8.1% |
| Recurring financial charges | 65 | €354 | €325 | -€29 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €72,831 | €96,667 | +€23,836 | +32.7% |
| Income taxes | 67/77 | €27,899 | €33,497 | +€5,598 | +20.1% |
| Profit (loss) for the period | 9904 | €44,932 | €63,170 | +€18,238 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,932 | €63,170 | +€18,238 | +40.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.