LUCVINA: 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.
LUCVINA
Largest movements
- Receivables after one year +€7,907
up €7,907 (+409%), from €1,935 to €9,842
- Cash -€3,178
down €3,178 (-73.7%), from €4,312 to €1,134
mainly Receivables after one year (-€7,907) and Net result for the year (-€1,169)
- Trade debts +€2,841
up €2,841 (+162%), from €1,759 to €4,600
- Accrued charges and deferred income +€1,565
up €1,565 (+59.7%), from €2,621 to €4,186
- Other debts +€1,492
up €1,492 (+2.0%), from €76,424 to €77,916
- Profit (loss) carried forward -€1,169
down €1,169 (-1.4%), from -€80,754 to -€81,923
- Gross operating margin -€5,405
down €5,405, from €4,978 to -€427
- Depreciation -€1,679
no longer reported in 2025 (was €1,679)
- Taxes -€1,559
no longer reported in 2025 (was €1,559)
- Other operating charges -€999
down €999 (-57.4%), from €1,741 to €742
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 | €6,247 | €10,976 | +€4,729 | +75.7% |
| Current assets | 29/58 | €6,247 | €10,976 | +€4,729 | +75.7% |
| Amounts receivable after more than one year | 29 | €1,935 | €9,842 | +€7,907 | +409% |
| Trade receivables | 290 | €1,935 | €9,842 | +€7,907 | +409% |
| Cash at bank and in hand | 54/58 | €4,312 | €1,134 | -€3,178 | -73.7% |
| Total equity and liabilities | 10/49 | €6,247 | €10,976 | +€4,729 | +75.7% |
| Equity | 10/15 | -€74,557 | -€75,726 | -€1,169 | -1.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,754 | -€81,923 | -€1,169 | -1.4% |
| Amounts payable | 17/49 | €80,804 | €86,702 | +€5,898 | +7.3% |
| Amounts payable within one year | 42/48 | €78,183 | €82,516 | +€4,333 | +5.5% |
| Trade debts | 44 | €1,759 | €4,600 | +€2,841 | +162% |
| Suppliers | 440/4 | €1,759 | €4,600 | +€2,841 | +162% |
| Other amounts payable | 47/48 | €76,424 | €77,916 | +€1,492 | +2.0% |
| Accrued charges and deferred income | 492/3 | €2,621 | €4,186 | +€1,565 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | - | -€1,679 | |
| Other operating charges | 640/8 | €1,741 | €742 | -€999 | -57.4% |
| Gross operating margin | 9900 | €4,978 | -€427 | -€5,405 | |
| Operating profit (loss) | 9901 | €1,558 | -€1,169 | -€2,727 | |
| Profit (loss) for the period before taxes | 9903 | €1,558 | -€1,169 | -€2,727 | |
| Income taxes | 67/77 | €1,559 | - | -€1,559 | |
| Profit (loss) for the period | 9904 | -€1 | -€1,169 | -€1,168 | -116,800% |
| Profit (loss) for the period to be appropriated | 9905 | -€1 | -€1,169 | -€1,168 | -116,800% |
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 29 October 2026 via checked.be.