LUYCKX GLENN: 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.
LUYCKX GLENN
Largest movements
- Tangible fixed assets +€106,712
up €106,712 (+3,024%), from €3,529 to €110,241
- Cash +€20,678
up €20,678 (+15.9%), from €130,385 to €151,063
mainly Debts after one year (+€94,838) and Net result for the year (+€35,998)
- Debts after one year +€94,838
new in 2025: €94,838
- Trade debts +€16,514
up €16,514 (+354%), from €4,666 to €21,179
- Current portion of long-term debt +€13,186
new in 2025: €13,186
- Other debts +€13,087
up €13,087 (+52.3%), from €25,000 to €38,087
- Reserves -€10,000
down €10,000 (-13.0%), from €76,860 to €66,860
of which Distributable reserves: -€10,000
- Depreciation +€6,803
up €6,803 (+470%), from €1,449 to €8,252
- Taxes -€6,246
down €6,246 (-36.0%), from €17,359 to €11,113
- Gross operating margin -€5,117
down €5,117 (-8.1%), from €62,872 to €57,755
- Financial charges +€732
up €732 (+173%), from €422 to €1,154
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 | €151,928 | €276,474 | +€124,546 | +82.0% |
| Fixed assets | 21/28 | €3,529 | €110,241 | +€106,712 | +3,024% |
| Tangible fixed assets | 22/27 | €3,529 | €110,241 | +€106,712 | +3,024% |
| Plant, machinery and equipment | 23 | €3,529 | €110,241 | +€106,712 | +3,024% |
| Current assets | 29/58 | €148,399 | €166,233 | +€17,834 | +12.0% |
| Amounts receivable within one year | 40/41 | €16,449 | €14,742 | -€1,707 | -10.4% |
| Trade receivables | 40 | €7,888 | €10,842 | +€2,954 | +37.5% |
| Other amounts receivable | 41 | €8,561 | €3,900 | -€4,661 | -54.4% |
| Cash at bank and in hand | 54/58 | €130,385 | €151,063 | +€20,678 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,566 | €428 | -€1,137 | -72.7% |
| Total equity and liabilities | 10/49 | €151,928 | €276,474 | +€124,546 | +82.0% |
| Equity | 10/15 | €110,798 | €96,796 | -€14,002 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €66,860 | -€10,000 | -13.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Profit (loss) carried forward | 14 | €15,338 | €11,336 | -€4,002 | -26.1% |
| Amounts payable | 17/49 | €41,130 | €179,678 | +€138,547 | +337% |
| Amounts payable after more than one year | 17 | - | €94,838 | +€94,838 | |
| Financial debts | 170/4 | - | €94,838 | +€94,838 | |
| Amounts payable within one year | 42/48 | €40,958 | €84,502 | +€43,544 | +106% |
| Current portion of amounts payable after more than one year | 42 | - | €13,186 | +€13,186 | |
| Trade debts | 44 | €4,666 | €21,179 | +€16,514 | +354% |
| Suppliers | 440/4 | €4,666 | €21,179 | +€16,514 | +354% |
| Taxes, remuneration and social security | 45 | €11,293 | €12,051 | +€758 | +6.7% |
| Taxes | 450/3 | €11,293 | €12,051 | +€758 | +6.7% |
| Other amounts payable | 47/48 | €25,000 | €38,087 | +€13,087 | +52.3% |
| Accrued charges and deferred income | 492/3 | €172 | €337 | +€165 | +96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €8,252 | +€6,803 | +470% |
| Other operating charges | 640/8 | €1,143 | €1,237 | +€94 | +8.2% |
| Gross operating margin | 9900 | €62,872 | €57,755 | -€5,117 | -8.1% |
| Operating profit (loss) | 9901 | €60,280 | €48,265 | -€12,015 | -19.9% |
| Financial charges | 65/66B | €422 | €1,154 | +€732 | +173% |
| Recurring financial charges | 65 | €422 | €1,154 | +€732 | +173% |
| Profit (loss) for the period before taxes | 9903 | €59,858 | €47,111 | -€12,747 | -21.3% |
| Income taxes | 67/77 | €17,359 | €11,113 | -€6,246 | -36.0% |
| Profit (loss) for the period | 9904 | €42,499 | €35,998 | -€6,500 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,499 | €35,998 | -€6,500 | -15.3% |
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 27 October 2026 via checked.be.