LUCY AGENCY: 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.
LUCY AGENCY
Largest movements
- Receivables within one year -€173,388
down €173,388 (-37.5%), from €461,922 to €288,534
of which Trade receivables: -€169,225
- Stocks and contracts -€37,532
down €37,532 (-100%), from €37,532 to €0
- Deferred charges and accrued income +€37,120
up €37,120 (+1,476%), from €2,515 to €39,635
- Cash +€35,948
up €35,948 (+20.8%), from €173,160 to €209,109
mainly Receivables within one year (+€173,388) and Net result for the year (+€61,508)
- Tangible fixed assets -€23,261
down €23,261 (-53.8%), from €43,258 to €19,997
- Accrued charges and deferred income -€151,427
down €151,427 (-75.3%), from €201,110 to €49,683
- Trade debts -€87,951
down €87,951 (-42.7%), from €206,182 to €118,230
- Profit (loss) carried forward +€61,508
up €61,508 (+20.1%), from -€306,705 to -€245,197
- Current portion of long-term debt +€40,000
new in 2025: €40,000
- Tax, wage and social debts -€23,692
down €23,692 (-23.9%), from €99,109 to €75,417
of which Remuneration and social security: -€19,932
- Gross operating margin +€195,513
up €195,513 (+39.7%), from €492,046 to €687,560
- Staff costs -€159,191
down €159,191 (-21.7%), from €732,299 to €573,108
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 | €729,069 | €567,957 | -€161,112 | -22.1% |
| Fixed assets | 21/28 | €53,941 | €30,680 | -€23,261 | -43.1% |
| Tangible fixed assets | 22/27 | €43,258 | €19,997 | -€23,261 | -53.8% |
| Furniture and vehicles | 24 | €43,258 | €19,997 | -€23,261 | -53.8% |
| Financial fixed assets | 28 | €10,683 | €10,683 | = | 0.0% |
| Current assets | 29/58 | €675,128 | €537,277 | -€137,851 | -20.4% |
| Stocks and contracts in progress | 3 | €37,532 | €0 | -€37,532 | -100% |
| Contracts in progress | 37 | €37,532 | €0 | -€37,532 | -100% |
| Amounts receivable within one year | 40/41 | €461,922 | €288,534 | -€173,388 | -37.5% |
| Trade receivables | 40 | €457,759 | €288,534 | -€169,225 | -37.0% |
| Other amounts receivable | 41 | €4,163 | €0 | -€4,163 | -100% |
| Cash at bank and in hand | 54/58 | €173,160 | €209,109 | +€35,948 | +20.8% |
| Deferred charges and accrued income | 490/1 | €2,515 | €39,635 | +€37,120 | +1,476% |
| Total equity and liabilities | 10/49 | €729,069 | €567,957 | -€161,112 | -22.1% |
| Equity | 10/15 | -€283,996 | -€222,487 | +€61,508 | +21.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €16,409 | €16,409 | = | 0.0% |
| Distributable reserves | 133 | €16,409 | €16,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,705 | -€245,197 | +€61,508 | +20.1% |
| Amounts payable | 17/49 | €1,013,065 | €790,444 | -€222,621 | -22.0% |
| Amounts payable within one year | 42/48 | €811,955 | €740,761 | -€71,194 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €206,182 | €118,230 | -€87,951 | -42.7% |
| Suppliers | 440/4 | €206,182 | €118,230 | -€87,951 | -42.7% |
| Taxes, remuneration and social security | 45 | €99,109 | €75,417 | -€23,692 | -23.9% |
| Taxes | 450/3 | €30,809 | €27,048 | -€3,761 | -12.2% |
| Remuneration and social security | 454/9 | €68,300 | €48,368 | -€19,932 | -29.2% |
| Other amounts payable | 47/48 | €6,664 | €7,114 | +€450 | +6.7% |
| Accrued charges and deferred income | 492/3 | €201,110 | €49,683 | -€151,427 | -75.3% |
| Remuneration, social security and pensions | 62 | €732,299 | €573,108 | -€159,191 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,201 | €28,961 | -€2,239 | -7.2% |
| Other operating charges | 640/8 | €1,864 | €2,045 | +€181 | +9.7% |
| Gross operating margin | 9900 | €492,046 | €687,560 | +€195,513 | +39.7% |
| Operating profit (loss) | 9901 | -€273,317 | €83,445 | +€356,762 | |
| Financial income | 75/76B | €13 | €21 | +€8 | +60.7% |
| Recurring financial income | 75 | €13 | €21 | +€8 | +60.7% |
| Financial charges | 65/66B | €23,619 | €21,133 | -€2,486 | -10.5% |
| Recurring financial charges | 65 | €23,619 | €21,133 | -€2,486 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€296,923 | €62,333 | +€359,256 | |
| Income taxes | 67/77 | €1,125 | €825 | -€301 | -26.7% |
| Profit (loss) for the period | 9904 | -€298,048 | €61,508 | +€359,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€298,048 | €61,508 | +€359,557 |
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 15 October 2026 via checked.be.