LULECOM: 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.
LULECOM
Largest movements
- Receivables within one year +€343,005
up €343,005 (+440.7%), from €77,824 to €420,830
of which Trade receivables: +€347,400
- Tangible fixed assets -€86,037
down €86,037 (-1.8%), from €4.8m to €4.7m
of which Land and buildings: -€51,364
- Other debts +€294,827
up €294,827 (+35.6%), from €829,226 to €1.1m
- Debts after one year -€202,374
down €202,374 (-6.6%), from €3.1m to €2.9m
- Reserves +€161,147
up €161,147 (+12.2%), from €1.3m to €1.5m
- Gross operating margin +€59,614
up €59,614 (+9.2%), from €650,135 to €709,749
- Taxes +€19,825
up €19,825 (+15.6%), from €127,067 to €146,892
- Financial charges -€9,663
down €9,663 (-14.2%), from €68,049 to €58,386
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 | €5,557,651 | €5,806,786 | +€249,135 | +4.5% |
| Fixed assets | 21/28 | €5,471,281 | €5,385,244 | -€86,037 | -1.6% |
| Tangible fixed assets | 22/27 | €4,791,281 | €4,705,244 | -€86,037 | -1.8% |
| Land and buildings | 22 | €4,323,212 | €4,271,849 | -€51,364 | -1.2% |
| Furniture and vehicles | 24 | €468,069 | €433,396 | -€34,673 | -7.4% |
| Financial fixed assets | 28 | €680,000 | €680,000 | = | 0.0% |
| Current assets | 29/58 | €86,370 | €421,542 | +€335,172 | +388.1% |
| Amounts receivable within one year | 40/41 | €77,824 | €420,830 | +€343,005 | +440.7% |
| Trade receivables | 40 | €72,600 | €420,000 | +€347,400 | +478.5% |
| Other amounts receivable | 41 | €5,224 | €830 | -€4,395 | -84.1% |
| Cash at bank and in hand | 54/58 | €8,545 | €712 | -€7,833 | -91.7% |
| Total equity and liabilities | 10/49 | €5,557,651 | €5,806,786 | +€249,135 | +4.5% |
| Equity | 10/15 | €1,330,260 | €1,499,467 | +€169,207 | +12.7% |
| Contributions | 10/11 | €12,400 | €20,460 | +€8,060 | +65.0% |
| Reserves | 13 | €1,317,860 | €1,479,007 | +€161,147 | +12.2% |
| Distributable reserves | 133 | €1,317,860 | €1,479,007 | +€161,147 | +12.2% |
| Amounts payable | 17/49 | €4,227,390 | €4,307,319 | +€79,929 | +1.9% |
| Amounts payable after more than one year | 17 | €3,060,495 | €2,858,121 | -€202,374 | -6.6% |
| Financial debts | 170/4 | €3,060,495 | €2,858,121 | -€202,374 | -6.6% |
| Amounts payable within one year | 42/48 | €1,160,331 | €1,444,956 | +€284,625 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €198,727 | €220,091 | +€21,364 | +10.8% |
| Trade debts | 44 | €1,449 | €1,652 | +€203 | +14.0% |
| Suppliers | 440/4 | €1,449 | €1,652 | +€203 | +14.0% |
| Taxes, remuneration and social security | 45 | €130,929 | €99,159 | -€31,769 | -24.3% |
| Taxes | 450/3 | €130,929 | €99,159 | -€31,769 | -24.3% |
| Other amounts payable | 47/48 | €829,226 | €1,124,053 | +€294,827 | +35.6% |
| Accrued charges and deferred income | 492/3 | €6,565 | €4,242 | -€2,322 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,854 | €161,449 | +€6,594 | +4.3% |
| Other operating charges | 640/8 | €14,846 | €15,310 | +€464 | +3.1% |
| Gross operating margin | 9900 | €650,135 | €709,749 | +€59,614 | +9.2% |
| Operating profit (loss) | 9901 | €480,435 | €532,990 | +€52,556 | +10.9% |
| Financial charges | 65/66B | €68,049 | €58,386 | -€9,663 | -14.2% |
| Recurring financial charges | 65 | €68,049 | €58,386 | -€9,663 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €412,386 | €474,604 | +€62,218 | +15.1% |
| Income taxes | 67/77 | €127,067 | €146,892 | +€19,825 | +15.6% |
| Profit (loss) for the period | 9904 | €285,318 | €327,712 | +€42,393 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €285,318 | €327,712 | +€42,393 | +14.9% |
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 28 September 2026 via checked.be.