GRAND LUX: 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.
GRAND LUX
Largest movements
- Tangible fixed assets +€33,368
up €33,368 (+356%), from €9,385 to €42,753
of which Leasing and similar rights: +€32,054
- Receivables within one year -€16,112
down €16,112 (-85.5%), from €18,838 to €2,726
of which Trade receivables: -€15,403
- Cash +€11,012
up €11,012 (+37.7%), from €29,214 to €40,226
mainly Debts after one year (+€25,589) and Receivables within one year (+€16,112)
- Debts after one year +€25,589
new in 2025: €25,589
- Current portion of long-term debt +€6,785
up €6,785 (+599%), from €1,133 to €7,919
- Reserves -€6,493
down €6,493 (-19.7%), from €33,019 to €26,526
- Other debts +€5,568
up €5,568 (+119%), from €4,693 to €10,261
- Trade debts -€2,646
down €2,646 (-90.1%), from €2,937 to €291
- Depreciation +€8,217
up €8,217 (+190%), from €4,316 to €12,532
- Gross operating margin -€7,768
down €7,768 (-29.7%), from €26,140 to €18,372
- Taxes -€5,804
down €5,804 (-87.4%), from €6,643 to €840
- Financial charges +€1,009
up €1,009 (+141%), from €717 to €1,726
of which Financial charges: +€1,009
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 | €57,989 | €86,386 | +€28,397 | +49.0% |
| Fixed assets | 21/28 | €9,385 | €42,753 | +€33,368 | +356% |
| Tangible fixed assets | 22/27 | €9,385 | €42,753 | +€33,368 | +356% |
| Plant, machinery and equipment | 23 | €8,077 | €9,391 | +€1,314 | +16.3% |
| Leasing and similar rights | 25 | €1,308 | €33,363 | +€32,054 | +2,450% |
| Current assets | 29/58 | €48,604 | €43,633 | -€4,971 | -10.2% |
| Stocks and contracts in progress | 3 | €552 | €681 | +€129 | +23.3% |
| Stocks | 30/36 | €552 | €681 | +€129 | +23.3% |
| Amounts receivable within one year | 40/41 | €18,838 | €2,726 | -€16,112 | -85.5% |
| Trade receivables | 40 | €15,947 | €545 | -€15,403 | -96.6% |
| Other amounts receivable | 41 | €2,891 | €2,181 | -€709 | -24.5% |
| Cash at bank and in hand | 54/58 | €29,214 | €40,226 | +€11,012 | +37.7% |
| Total equity and liabilities | 10/49 | €57,989 | €86,386 | +€28,397 | +49.0% |
| Equity | 10/15 | €37,844 | €31,351 | -€6,493 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,019 | €26,526 | -€6,493 | -19.7% |
| Distributable reserves | 133 | €33,019 | €26,526 | -€6,493 | -19.7% |
| Profit (loss) carried forward | 14 | -€1,375 | -€1,375 | = | 0.0% |
| Amounts payable | 17/49 | €20,145 | €55,035 | +€34,890 | +173% |
| Amounts payable after more than one year | 17 | - | €25,589 | +€25,589 | |
| Financial debts | 170/4 | - | €25,589 | +€25,589 | |
| Amounts payable within one year | 42/48 | €20,145 | €29,445 | +€9,300 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €1,133 | €7,919 | +€6,785 | +599% |
| Trade debts | 44 | €2,937 | €291 | -€2,646 | -90.1% |
| Suppliers | 440/4 | €2,937 | €291 | -€2,646 | -90.1% |
| Taxes, remuneration and social security | 45 | €11,382 | €10,974 | -€408 | -3.6% |
| Taxes | 450/3 | €11,382 | €10,974 | -€408 | -3.6% |
| Other amounts payable | 47/48 | €4,693 | €10,261 | +€5,568 | +119% |
| Non-recurring operating income | 76A | €0 | €1 | +€0 | +817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,316 | €12,532 | +€8,217 | +190% |
| Other operating charges | 640/8 | €242 | €63 | -€179 | -73.8% |
| Gross operating margin | 9900 | €26,140 | €18,372 | -€7,768 | -29.7% |
| Operating profit (loss) | 9901 | €21,582 | €5,777 | -€15,806 | -73.2% |
| Financial income | 75/76B | €39 | €108 | +€69 | +177% |
| Recurring financial income | 75 | €39 | €108 | +€69 | +177% |
| Financial charges | 65/66B | €717 | €1,726 | +€1,009 | +141% |
| Recurring financial charges | 65 | €717 | €1,726 | +€1,009 | +141% |
| Non-recurring financial charges | 66B | €0 | €0 | -€0 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €20,904 | €4,159 | -€16,745 | -80.1% |
| Income taxes | 67/77 | €6,643 | €840 | -€5,804 | -87.4% |
| Profit (loss) for the period | 9904 | €14,261 | €3,319 | -€10,942 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,261 | €3,319 | -€10,942 | -76.7% |
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.