LukeMC: 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.
LukeMC
Largest movements
- Tangible fixed assets +€110,454
up €110,454 (+22.2%), from €497,198 to €607,652
of which Land and buildings: +€112,394
- Receivables within one year -€49,684
down €49,684 (-59.9%), from €82,889 to €33,205
of which Trade receivables: -€29,951
- Cash +€34,180
up €34,180 (+98.7%), from €34,637 to €68,817
mainly Other debts (+€68,874) and Receivables within one year (+€49,684)
- Receivables after one year -€24,288
no longer reported in 2025 (was €24,288)
- Other debts +€68,874
new in 2025: €68,874
- Debts after one year -€53,490
down €53,490 (-15.9%), from €335,807 to €282,316
- Profit (loss) carried forward +€49,532
up €49,532 (+23.0%), from €215,805 to €265,337
- Financial charges +€65,948
up €65,948 (+1101.6%), from €5,987 to €71,934
- Other operating charges -€53,887
down €53,887 (-98.2%), from €54,849 to €963
- Gross operating margin +€22,882
up €22,882 (+16.7%), from €136,730 to €159,611
- Depreciation +€16,498
up €16,498 (+246.9%), from €6,683 to €23,181
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 | €643,018 | €715,752 | +€72,735 | +11.3% |
| Fixed assets | 21/28 | €497,198 | €607,652 | +€110,454 | +22.2% |
| Tangible fixed assets | 22/27 | €497,198 | €607,652 | +€110,454 | +22.2% |
| Land and buildings | 22 | €491,866 | €604,260 | +€112,394 | +22.9% |
| Plant, machinery and equipment | 23 | €3,762 | €2,442 | -€1,321 | -35.1% |
| Furniture and vehicles | 24 | €1,569 | €950 | -€619 | -39.4% |
| Current assets | 29/58 | €145,819 | €108,100 | -€37,719 | -25.9% |
| Amounts receivable after more than one year | 29 | €24,288 | - | -€24,288 | |
| Other amounts receivable | 291 | €24,288 | - | -€24,288 | |
| Amounts receivable within one year | 40/41 | €82,889 | €33,205 | -€49,684 | -59.9% |
| Trade receivables | 40 | €63,156 | €33,205 | -€29,951 | -47.4% |
| Other amounts receivable | 41 | €19,734 | - | -€19,734 | |
| Cash at bank and in hand | 54/58 | €34,637 | €68,817 | +€34,180 | +98.7% |
| Deferred charges and accrued income | 490/1 | €4,006 | €6,078 | +€2,073 | +51.7% |
| Total equity and liabilities | 10/49 | €643,018 | €715,752 | +€72,735 | +11.3% |
| Equity | 10/15 | €221,805 | €271,337 | +€49,532 | +22.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,805 | €265,337 | +€49,532 | +23.0% |
| Amounts payable | 17/49 | €421,212 | €444,416 | +€23,203 | +5.5% |
| Amounts payable after more than one year | 17 | €335,807 | €282,316 | -€53,490 | -15.9% |
| Financial debts | 170/4 | €335,807 | €282,316 | -€53,490 | -15.9% |
| Amounts payable within one year | 42/48 | €85,406 | €157,729 | +€72,323 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €55,801 | €53,490 | -€2,311 | -4.1% |
| Trade debts | 44 | €136 | €5,241 | +€5,104 | +3744.4% |
| Suppliers | 440/4 | €136 | €5,241 | +€5,104 | +3744.4% |
| Taxes, remuneration and social security | 45 | €29,468 | €30,123 | +€655 | +2.2% |
| Taxes | 450/3 | €29,468 | €30,123 | +€655 | +2.2% |
| Other amounts payable | 47/48 | - | €68,874 | +€68,874 | |
| Accrued charges and deferred income | 492/3 | - | €4,371 | +€4,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,683 | €23,181 | +€16,498 | +246.9% |
| Other operating charges | 640/8 | €54,849 | €963 | -€53,887 | -98.2% |
| Gross operating margin | 9900 | €136,730 | €159,611 | +€22,882 | +16.7% |
| Operating profit (loss) | 9901 | €75,198 | €135,468 | +€60,270 | +80.1% |
| Financial charges | 65/66B | €5,987 | €71,934 | +€65,948 | +1101.6% |
| Recurring financial charges | 65 | €5,987 | €71,934 | +€65,948 | +1101.6% |
| Profit (loss) for the period before taxes | 9903 | €69,211 | €63,533 | -€5,677 | -8.2% |
| Income taxes | 67/77 | €15,266 | €14,002 | -€1,265 | -8.3% |
| Profit (loss) for the period | 9904 | €53,944 | €49,532 | -€4,413 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,944 | €49,532 | -€4,413 | -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 3 October 2026 via checked.be.