LYCKE & VAN HUFFEL: 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.
LYCKE & VAN HUFFEL
Largest movements
- Receivables after one year -€385,712
down €385,712 (-100%), from €385,712 to €0
- Intangible fixed assets -€81,841
down €81,841 (-21.1%), from €388,639 to €306,798
- Current investments -€74,018
down €74,018 (-61.9%), from €119,614 to €45,595
- Tangible fixed assets +€39,844
up €39,844 (+93.5%), from €42,627 to €82,471
of which Furniture and vehicles: +€46,041
- Deferred charges and accrued income -€32,851
down €32,851 (-33.5%), from €98,151 to €65,300
- Reserves -€522,354
down €522,354 (-63.6%), from €820,911 to €298,556
of which Distributable reserves: -€522,354
- Current portion of long-term debt -€42,674
down €42,674 (-64.7%), from €65,974 to €23,301
- Other debts +€14,833
up €14,833 (+15.0%), from €98,780 to €113,613
- Tax, wage and social debts -€14,069
down €14,069 (-29.0%), from €48,504 to €34,435
of which Taxes: -€13,657
- Staff costs -€17,340
down €17,340 (-7.4%), from €235,426 to €218,085
- Depreciation +€9,947
up €9,947 (+9.4%), from €105,644 to €115,591
- Gross operating margin -€9,356
down €9,356 (-2.0%), from €460,870 to €451,514
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 | €1,209,532 | €658,784 | -€550,748 | -45.5% |
| Fixed assets | 21/28 | €432,801 | €390,754 | -€42,047 | -9.7% |
| Intangible fixed assets | 21 | €388,639 | €306,798 | -€81,841 | -21.1% |
| Tangible fixed assets | 22/27 | €42,627 | €82,471 | +€39,844 | +93.5% |
| Furniture and vehicles | 24 | €18,573 | €64,615 | +€46,041 | +248% |
| Other tangible fixed assets | 26 | €24,053 | €17,856 | -€6,197 | -25.8% |
| Financial fixed assets | 28 | €1,535 | €1,485 | -€50 | -3.3% |
| Current assets | 29/58 | €776,732 | €268,030 | -€508,701 | -65.5% |
| Amounts receivable after more than one year | 29 | €385,712 | €0 | -€385,712 | -100% |
| Other amounts receivable | 291 | €385,712 | €0 | -€385,712 | -100% |
| Amounts receivable within one year | 40/41 | €59,507 | €59,163 | -€344 | -0.6% |
| Trade receivables | 40 | €19,041 | €16,678 | -€2,363 | -12.4% |
| Other amounts receivable | 41 | €40,465 | €42,484 | +€2,019 | +5.0% |
| Current investments | 50/53 | €119,614 | €45,595 | -€74,018 | -61.9% |
| Cash at bank and in hand | 54/58 | €113,749 | €97,972 | -€15,776 | -13.9% |
| Deferred charges and accrued income | 490/1 | €98,151 | €65,300 | -€32,851 | -33.5% |
| Total equity and liabilities | 10/49 | €1,209,532 | €658,784 | -€550,748 | -45.5% |
| Equity | 10/15 | €839,511 | €317,156 | -€522,354 | -62.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €820,911 | €298,556 | -€522,354 | -63.6% |
| Tax-exempt reserves | 132 | €6,750 | €6,750 | = | 0.0% |
| Distributable reserves | 133 | €814,161 | €291,806 | -€522,354 | -64.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €370,022 | €341,628 | -€28,394 | -7.7% |
| Amounts payable after more than one year | 17 | €89,286 | €87,079 | -€2,207 | -2.5% |
| Financial debts | 170/4 | €89,286 | €87,079 | -€2,207 | -2.5% |
| Amounts payable within one year | 42/48 | €258,682 | €234,202 | -€24,480 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €65,974 | €23,301 | -€42,674 | -64.7% |
| Financial debts | 43 | €20,209 | €29,363 | +€9,154 | +45.3% |
| Credit institutions | 430/8 | €20,209 | €29,363 | +€9,154 | +45.3% |
| Trade debts | 44 | €25,215 | €33,491 | +€8,276 | +32.8% |
| Suppliers | 440/4 | €25,215 | €33,491 | +€8,276 | +32.8% |
| Taxes, remuneration and social security | 45 | €48,504 | €34,435 | -€14,069 | -29.0% |
| Taxes | 450/3 | €15,522 | €1,865 | -€13,657 | -88.0% |
| Remuneration and social security | 454/9 | €32,982 | €32,570 | -€412 | -1.3% |
| Other amounts payable | 47/48 | €98,780 | €113,613 | +€14,833 | +15.0% |
| Accrued charges and deferred income | 492/3 | €22,054 | €20,348 | -€1,707 | -7.7% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €235,426 | €218,085 | -€17,340 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,644 | €115,591 | +€9,947 | +9.4% |
| Other operating charges | 640/8 | €1,967 | €2,824 | +€857 | +43.6% |
| Gross operating margin | 9900 | €460,870 | €451,514 | -€9,356 | -2.0% |
| Operating profit (loss) | 9901 | €117,834 | €115,014 | -€2,819 | -2.4% |
| Financial income | 75/76B | €38,778 | €38,909 | +€131 | +0.3% |
| Recurring financial income | 75 | €38,778 | €38,909 | +€131 | +0.3% |
| Financial charges | 65/66B | €5,770 | €1,462 | -€4,307 | -74.7% |
| Recurring financial charges | 65 | €5,770 | €1,462 | -€4,307 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €150,842 | €152,461 | +€1,619 | +1.1% |
| Income taxes | 67/77 | €42,080 | €43,682 | +€1,602 | +3.8% |
| Profit (loss) for the period | 9904 | €108,762 | €108,780 | +€17 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,762 | €108,780 | +€17 | 0.0% |
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 1 November 2026 via checked.be.