FIAT LUX AD: 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.
FIAT LUX AD
Largest movements
- Current investments +€88,797
new in 2025: €88,797
- Tangible fixed assets +€56,674
up €56,674 (+7.5%), from €752,142 to €808,815
of which Land and buildings: +€60,715
- Cash +€52,535
up €52,535 (+59.4%), from €88,495 to €141,030
mainly Net result for the year (+€169,674) and Depreciation (+€38,604)
- Reserves +€148,192
up €148,192 (+61.0%), from €243,062 to €391,254
of which Distributable reserves: +€75,027
- Trade debts -€29,917
down €29,917 (-72.3%), from €41,360 to €11,443
- Other debts +€28,180
up €28,180 (+121%), from €23,375 to €51,555
- Tax, wage and social debts +€27,102
up €27,102 (+69.2%), from €39,164 to €66,266
of which Taxes: +€40,724
- Debts after one year +€26,314
up €26,314 (+5.0%), from €521,980 to €548,293
- Gross operating margin +€263,151
up €263,151 (+111%), from €236,752 to €499,904
- Taxes +€38,746
up €38,746 (+409%), from €9,481 to €48,227
- Staff costs +€26,518
up €26,518 (+13.8%), from €192,057 to €218,574
- Depreciation +€19,538
up €19,538 (+102%), from €19,066 to €38,604
- Financial charges +€13,125
up €13,125 (+137%), from €9,581 to €22,706
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 | €955,273 | €1,162,670 | +€207,397 | +21.7% |
| Fixed assets | 21/28 | €752,970 | €809,644 | +€56,674 | +7.5% |
| Tangible fixed assets | 22/27 | €752,142 | €808,815 | +€56,674 | +7.5% |
| Land and buildings | 22 | €723,203 | €783,918 | +€60,715 | +8.4% |
| Plant, machinery and equipment | 23 | €21,968 | €10,605 | -€11,363 | -51.7% |
| Furniture and vehicles | 24 | €6,970 | €6,405 | -€565 | -8.1% |
| Leasing and similar rights | 25 | - | €7,887 | +€7,887 | |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €202,303 | €353,027 | +€150,723 | +74.5% |
| Amounts receivable within one year | 40/41 | €110,822 | €119,889 | +€9,067 | +8.2% |
| Trade receivables | 40 | €58,670 | €81,133 | +€22,463 | +38.3% |
| Other amounts receivable | 41 | €52,152 | €38,756 | -€13,396 | -25.7% |
| Current investments | 50/53 | - | €88,797 | +€88,797 | |
| Cash at bank and in hand | 54/58 | €88,495 | €141,030 | +€52,535 | +59.4% |
| Deferred charges and accrued income | 490/1 | €2,986 | €3,311 | +€325 | +10.9% |
| Total equity and liabilities | 10/49 | €955,273 | €1,162,670 | +€207,397 | +21.7% |
| Equity | 10/15 | €283,982 | €432,174 | +€148,192 | +52.2% |
| Contributions | 10/11 | €40,920 | €40,920 | = | 0.0% |
| Contributions outside capital | 11 | €40,920 | €40,920 | = | 0.0% |
| Other | 1109/19 | €40,920 | €40,920 | = | 0.0% |
| Reserves | 13 | €243,062 | €391,254 | +€148,192 | +61.0% |
| Tax-exempt reserves | 132 | - | €73,165 | +€73,165 | |
| Distributable reserves | 133 | €243,062 | €318,089 | +€75,027 | +30.9% |
| Amounts payable | 17/49 | €671,291 | €730,496 | +€59,205 | +8.8% |
| Amounts payable after more than one year | 17 | €521,980 | €548,293 | +€26,314 | +5.0% |
| Financial debts | 170/4 | €521,980 | €548,293 | +€26,314 | +5.0% |
| Amounts payable within one year | 42/48 | €149,312 | €171,937 | +€22,625 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €32,140 | €29,256 | -€2,885 | -9.0% |
| Financial debts | 43 | €13,273 | €13,417 | +€144 | +1.1% |
| Credit institutions | 430/8 | €13,273 | €13,417 | +€144 | +1.1% |
| Trade debts | 44 | €41,360 | €11,443 | -€29,917 | -72.3% |
| Suppliers | 440/4 | €41,360 | €11,443 | -€29,917 | -72.3% |
| Taxes, remuneration and social security | 45 | €39,164 | €66,266 | +€27,102 | +69.2% |
| Taxes | 450/3 | €8,611 | €49,335 | +€40,724 | +473% |
| Remuneration and social security | 454/9 | €30,553 | €16,931 | -€13,622 | -44.6% |
| Other amounts payable | 47/48 | €23,375 | €51,555 | +€28,180 | +121% |
| Accrued charges and deferred income | 492/3 | - | €10,266 | +€10,266 | |
| Non-recurring operating income | 76A | €584 | - | -€584 | |
| Remuneration, social security and pensions | 62 | €192,057 | €218,574 | +€26,518 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,066 | €38,604 | +€19,538 | +102% |
| Other operating charges | 640/8 | €2,522 | €5,877 | +€3,355 | +133% |
| Gross operating margin | 9900 | €236,752 | €499,904 | +€263,151 | +111% |
| Operating profit (loss) | 9901 | €23,108 | €236,849 | +€213,741 | +925% |
| Financial income | 75/76B | €3,188 | €3,758 | +€570 | +17.9% |
| Recurring financial income | 75 | €3,188 | €3,433 | +€245 | +7.7% |
| Non-recurring financial income | 76B | - | €326 | +€326 | |
| Financial charges | 65/66B | €9,581 | €22,706 | +€13,125 | +137% |
| Recurring financial charges | 65 | €9,581 | €22,706 | +€13,125 | +137% |
| Profit (loss) for the period before taxes | 9903 | €16,715 | €217,901 | +€201,186 | +1,204% |
| Income taxes | 67/77 | €9,481 | €48,227 | +€38,746 | +409% |
| Profit (loss) for the period | 9904 | €7,234 | €169,674 | +€162,441 | +2,246% |
| Transfer from tax-exempt reserves | 789 | - | €2,286 | +€2,286 | |
| Transfer to tax-exempt reserves | 689 | - | €75,452 | +€75,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,234 | €96,509 | +€89,275 | +1,234% |
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 30 October 2026 via checked.be.