LUSCA: 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.
LUSCA
Largest movements
- Receivables within one year +€29,488
up €29,488 (+6,312%), from €467 to €29,955
of which Trade receivables: +€18,090
- Cash -€23,146
down €23,146 (-67.8%), from €34,145 to €10,999
mainly Receivables within one year (-€29,488) and Other debts (-€10,386)
- Financial fixed assets +€7,380
new in 2025: €7,380
- Tangible fixed assets -€796
down €796 (-7.6%), from €10,407 to €9,611
of which Furniture and vehicles: -€2,270
- Profit (loss) carried forward +€14,448
up €14,448 (+99.3%), from €14,555 to €29,003
- Other debts -€10,386
down €10,386 (-100%), from €10,386 to €0
- Tax, wage and social debts +€8,499
up €8,499 (+77.1%), from €11,026 to €19,525
- Contributions +€5,000
new in 2025: €5,000
- Trade debts -€3,395
down €3,395 (-54.6%), from €6,217 to €2,822
- Gross operating margin +€3,600
up €3,600 (+15.7%), from €22,909 to €26,510
- Financial charges +€1,648
up €1,648 (+82.3%), from €2,003 to €3,651
- Depreciation +€1,186
up €1,186 (+77.9%), from €1,524 to €2,710
- Other operating charges +€813
up €813 (+128%), from €634 to €1,447
- Taxes +€392
up €392 (+9.3%), from €4,228 to €4,620
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 | €47,068 | €59,410 | +€12,343 | +26.2% |
| Fixed assets | 21/28 | €10,407 | €16,991 | +€6,584 | +63.3% |
| Tangible fixed assets | 22/27 | €10,407 | €9,611 | -€796 | -7.6% |
| Plant, machinery and equipment | 23 | €1,000 | €2,474 | +€1,474 | +147% |
| Furniture and vehicles | 24 | €9,408 | €7,137 | -€2,270 | -24.1% |
| Financial fixed assets | 28 | - | €7,380 | +€7,380 | |
| Current assets | 29/58 | €36,660 | €42,419 | +€5,759 | +15.7% |
| Amounts receivable within one year | 40/41 | €467 | €29,955 | +€29,488 | +6,312% |
| Trade receivables | 40 | €467 | €18,557 | +€18,090 | +3,872% |
| Other amounts receivable | 41 | - | €11,398 | +€11,398 | |
| Cash at bank and in hand | 54/58 | €34,145 | €10,999 | -€23,146 | -67.8% |
| Deferred charges and accrued income | 490/1 | €2,049 | €1,466 | -€583 | -28.5% |
| Total equity and liabilities | 10/49 | €47,068 | €59,410 | +€12,343 | +26.2% |
| Equity | 10/15 | €14,555 | €34,003 | +€19,448 | +134% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €14,555 | €29,003 | +€14,448 | +99.3% |
| Amounts payable | 17/49 | €32,513 | €25,407 | -€7,106 | -21.9% |
| Amounts payable after more than one year | 17 | €3,061 | €1,156 | -€1,905 | -62.2% |
| Financial debts | 170/4 | €3,061 | €1,156 | -€1,905 | -62.2% |
| Amounts payable within one year | 42/48 | €29,452 | €24,251 | -€5,201 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €1,823 | €1,905 | +€82 | +4.5% |
| Trade debts | 44 | €6,217 | €2,822 | -€3,395 | -54.6% |
| Suppliers | 440/4 | €6,217 | €2,822 | -€3,395 | -54.6% |
| Taxes, remuneration and social security | 45 | €11,026 | €19,525 | +€8,499 | +77.1% |
| Taxes | 450/3 | €11,026 | €19,525 | +€8,499 | +77.1% |
| Other amounts payable | 47/48 | €10,386 | €0 | -€10,386 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €2,710 | +€1,186 | +77.9% |
| Other operating charges | 640/8 | €634 | €1,447 | +€813 | +128% |
| Gross operating margin | 9900 | €22,909 | €26,510 | +€3,600 | +15.7% |
| Operating profit (loss) | 9901 | €20,752 | €22,353 | +€1,602 | +7.7% |
| Financial income | 75/76B | €35 | €366 | +€332 | +958% |
| Recurring financial income | 75 | €35 | €366 | +€332 | +958% |
| Financial charges | 65/66B | €2,003 | €3,651 | +€1,648 | +82.3% |
| Recurring financial charges | 65 | €2,003 | €3,651 | +€1,648 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €18,783 | €19,069 | +€286 | +1.5% |
| Income taxes | 67/77 | €4,228 | €4,620 | +€392 | +9.3% |
| Profit (loss) for the period | 9904 | €14,555 | €14,448 | -€106 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,555 | €14,448 | -€106 | -0.7% |
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 14 October 2026 via checked.be.