FIRST LUXURY LABEL: 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.
FIRST LUXURY LABEL
Largest movements
- Receivables within one year -€42,087
down €42,087 (-68.8%), from €61,210 to €19,123
of which Trade receivables: -€40,154
- Tangible fixed assets -€6,044
down €6,044 (-5.6%), from €108,782 to €102,739
of which Plant, machinery and equipment: -€6,044
- Debts after one year -€27,025
down €27,025 (-18.3%), from €148,072 to €121,047
- Current portion of long-term debt -€13,245
down €13,245 (-32.5%), from €40,745 to €27,500
- Trade debts -€12,000
down €12,000 (-95.7%), from €12,535 to €535
- Profit (loss) carried forward +€7,683
up €7,683 (+20.2%), from -€38,018 to -€30,336
- Other debts -€5,895
down €5,895 (-23.4%), from €25,214 to €19,319
- Depreciation -€11,500
down €11,500 (-58.0%), from €19,844 to €8,344
- Gross operating margin -€7,553
down €7,553 (-17.7%), from €42,701 to €35,148
- Other operating charges +€2,894
up €2,894 (+34.1%), from €8,483 to €11,377
- Financial charges -€1,177
down €1,177 (-13.1%), from €8,988 to €7,811
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 | €218,216 | €168,262 | -€49,953 | -22.9% |
| Fixed assets | 21/28 | €108,782 | €102,739 | -€6,044 | -5.6% |
| Tangible fixed assets | 22/27 | €108,782 | €102,739 | -€6,044 | -5.6% |
| Plant, machinery and equipment | 23 | €21,838 | €15,795 | -€6,044 | -27.7% |
| Other tangible fixed assets | 26 | €86,944 | €86,944 | = | 0.0% |
| Current assets | 29/58 | €109,433 | €65,524 | -€43,910 | -40.1% |
| Stocks and contracts in progress | 3 | €25,151 | €24,171 | -€980 | -3.9% |
| Stocks | 30/36 | €25,151 | €24,171 | -€980 | -3.9% |
| Amounts receivable within one year | 40/41 | €61,210 | €19,123 | -€42,087 | -68.8% |
| Trade receivables | 40 | €52,250 | €12,096 | -€40,154 | -76.8% |
| Other amounts receivable | 41 | €8,960 | €7,026 | -€1,934 | -21.6% |
| Cash at bank and in hand | 54/58 | €23,072 | €22,230 | -€842 | -3.7% |
| Total equity and liabilities | 10/49 | €218,216 | €168,262 | -€49,953 | -22.9% |
| Equity | 10/15 | -€17,558 | -€9,876 | +€7,683 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,018 | -€30,336 | +€7,683 | +20.2% |
| Amounts payable | 17/49 | €235,774 | €178,138 | -€57,636 | -24.4% |
| Amounts payable after more than one year | 17 | €148,072 | €121,047 | -€27,025 | -18.3% |
| Financial debts | 170/4 | €148,072 | €121,047 | -€27,025 | -18.3% |
| Amounts payable within one year | 42/48 | €87,702 | €57,091 | -€30,611 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €40,745 | €27,500 | -€13,245 | -32.5% |
| Trade debts | 44 | €12,535 | €535 | -€12,000 | -95.7% |
| Suppliers | 440/4 | €12,535 | €535 | -€12,000 | -95.7% |
| Taxes, remuneration and social security | 45 | €9,208 | €9,737 | +€529 | +5.7% |
| Taxes | 450/3 | €9,208 | €9,737 | +€529 | +5.7% |
| Other amounts payable | 47/48 | €25,214 | €19,319 | -€5,895 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,844 | €8,344 | -€11,500 | -58.0% |
| Other operating charges | 640/8 | €8,483 | €11,377 | +€2,894 | +34.1% |
| Gross operating margin | 9900 | €42,701 | €35,148 | -€7,553 | -17.7% |
| Operating profit (loss) | 9901 | €14,374 | €15,427 | +€1,053 | +7.3% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €8,988 | €7,811 | -€1,177 | -13.1% |
| Recurring financial charges | 65 | €8,988 | €7,811 | -€1,177 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €5,386 | €7,683 | +€2,297 | +42.6% |
| Profit (loss) for the period | 9904 | €5,386 | €7,683 | +€2,297 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,386 | €7,683 | +€2,297 | +42.6% |
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 13 October 2026 via checked.be.