VANDERSTRAETEN LUCIENNE: 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.
VANDERSTRAETEN LUCIENNE
Largest movements
- Receivables within one year +€27,160
up €27,160 (+18.3%), from €148,690 to €175,850
of which Other amounts receivable: +€30,861
- Cash -€23,963
down €23,963 (-39.2%), from €61,077 to €37,114
mainly Receivables within one year (-€27,160) and Tax, wage and social debts (-€19,387)
- Tangible fixed assets -€21,957
down €21,957 (-20.5%), from €107,184 to €85,227
of which Furniture and vehicles: -€19,299
- Reserves +€25,685
up €25,685 (+14.1%), from €181,531 to €207,217
- Tax, wage and social debts -€19,387
down €19,387 (-70.8%), from €27,385 to €7,998
of which Taxes: -€19,233
- Debts after one year -€14,951
down €14,951 (-20.2%), from €74,102 to €59,152
- Trade debts -€9,397
down €9,397 (-78.1%), from €12,025 to €2,628
- Depreciation +€17,089
up €17,089 (+351%), from €4,868 to €21,957
- Financial income +€8,448
up €8,448 (+33,899%), from €25 to €8,473
- Gross operating margin -€7,447
down €7,447 (-9.9%), from €75,129 to €67,682
- Staff costs -€5,262
down €5,262 (-34.4%), from €15,282 to €10,020
- Financial charges +€3,784
up €3,784 (+595%), from €636 to €4,420
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 | €320,941 | €300,259 | -€20,682 | -6.4% |
| Fixed assets | 21/28 | €107,184 | €85,227 | -€21,957 | -20.5% |
| Tangible fixed assets | 22/27 | €107,184 | €85,227 | -€21,957 | -20.5% |
| Plant, machinery and equipment | 23 | €12,485 | €9,828 | -€2,657 | -21.3% |
| Furniture and vehicles | 24 | €94,699 | €75,399 | -€19,299 | -20.4% |
| Current assets | 29/58 | €213,757 | €215,032 | +€1,275 | +0.6% |
| Amounts receivable within one year | 40/41 | €148,690 | €175,850 | +€27,160 | +18.3% |
| Trade receivables | 40 | €3,701 | €0 | -€3,701 | -100.0% |
| Other amounts receivable | 41 | €144,989 | €175,850 | +€30,861 | +21.3% |
| Cash at bank and in hand | 54/58 | €61,077 | €37,114 | -€23,963 | -39.2% |
| Deferred charges and accrued income | 490/1 | €3,990 | €2,068 | -€1,921 | -48.2% |
| Total equity and liabilities | 10/49 | €320,941 | €300,259 | -€20,682 | -6.4% |
| Equity | 10/15 | €186,531 | €212,217 | +€25,685 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €181,531 | €207,217 | +€25,685 | +14.1% |
| Distributable reserves | 133 | €181,531 | €207,217 | +€25,685 | +14.1% |
| Amounts payable | 17/49 | €134,410 | €88,042 | -€46,367 | -34.5% |
| Amounts payable after more than one year | 17 | €74,102 | €59,152 | -€14,951 | -20.2% |
| Financial debts | 170/4 | €74,102 | €59,152 | -€14,951 | -20.2% |
| Amounts payable within one year | 42/48 | €60,307 | €28,891 | -€31,416 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €20,898 | €18,265 | -€2,633 | -12.6% |
| Trade debts | 44 | €12,025 | €2,628 | -€9,397 | -78.1% |
| Suppliers | 440/4 | €12,025 | €2,628 | -€9,397 | -78.1% |
| Taxes, remuneration and social security | 45 | €27,385 | €7,998 | -€19,387 | -70.8% |
| Taxes | 450/3 | €25,914 | €6,681 | -€19,233 | -74.2% |
| Remuneration and social security | 454/9 | €1,471 | €1,316 | -€154 | -10.5% |
| Remuneration, social security and pensions | 62 | €15,282 | €10,020 | -€5,262 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,868 | €21,957 | +€17,089 | +351% |
| Other operating charges | 640/8 | €955 | €869 | -€86 | -9.1% |
| Gross operating margin | 9900 | €75,129 | €67,682 | -€7,447 | -9.9% |
| Operating profit (loss) | 9901 | €54,024 | €34,837 | -€19,188 | -35.5% |
| Financial income | 75/76B | €25 | €8,473 | +€8,448 | +33,899% |
| Recurring financial income | 75 | €25 | €8,473 | +€8,448 | +33,899% |
| Financial charges | 65/66B | €636 | €4,420 | +€3,784 | +595% |
| Recurring financial charges | 65 | €636 | €4,420 | +€3,784 | +595% |
| Profit (loss) for the period before taxes | 9903 | €53,413 | €38,889 | -€14,524 | -27.2% |
| Income taxes | 67/77 | €14,030 | €13,204 | -€826 | -5.9% |
| Profit (loss) for the period | 9904 | €39,383 | €25,685 | -€13,698 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,383 | €25,685 | -€13,698 | -34.8% |
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.