LEARNING BY 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.
LEARNING BY LUX
Largest movements
- Current investments +€100,170
new in 2026: €100,170
- Cash -€77,093
down €77,093 (-74.8%), from €103,079 to €25,986
mainly Current investments (-€100,170) and Receivables within one year (-€11,637)
- Receivables within one year +€11,637
up €11,637 (+76.4%), from €15,224 to €26,861
of which Trade receivables: +€11,970
- Tangible fixed assets -€10,277
down €10,277 (-19.1%), from €53,767 to €43,490
- Reserves +€31,529
up €31,529 (+25.3%), from €124,397 to €155,927
- Debts after one year -€8,097
down €8,097 (-36.2%), from €22,357 to €14,261
- Gross operating margin -€22,318
down €22,318 (-25.3%), from €88,070 to €65,751
- Taxes -€5,447
down €5,447 (-26.8%), from €20,289 to €14,842
- Other operating charges -€2,126
down €2,126 (-66.0%), from €3,220 to €1,094
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,358 | €203,943 | +€24,585 | +13.7% |
| Fixed assets | 21/28 | €53,767 | €43,490 | -€10,277 | -19.1% |
| Tangible fixed assets | 22/27 | €53,767 | €43,490 | -€10,277 | -19.1% |
| Furniture and vehicles | 24 | €53,767 | €43,490 | -€10,277 | -19.1% |
| Current assets | 29/58 | €125,591 | €160,453 | +€34,862 | +27.8% |
| Amounts receivable within one year | 40/41 | €15,224 | €26,861 | +€11,637 | +76.4% |
| Trade receivables | 40 | €12,736 | €24,706 | +€11,970 | +94.0% |
| Other amounts receivable | 41 | €2,488 | €2,155 | -€333 | -13.4% |
| Current investments | 50/53 | - | €100,170 | +€100,170 | |
| Cash at bank and in hand | 54/58 | €103,079 | €25,986 | -€77,093 | -74.8% |
| Deferred charges and accrued income | 490/1 | €7,288 | €7,436 | +€148 | +2.0% |
| Total equity and liabilities | 10/49 | €179,358 | €203,943 | +€24,585 | +13.7% |
| Equity | 10/15 | €133,247 | €164,777 | +€31,529 | +23.7% |
| Contributions | 10/11 | €8,850 | €8,850 | = | 0.0% |
| Reserves | 13 | €124,397 | €155,927 | +€31,529 | +25.3% |
| Distributable reserves | 133 | €124,397 | €155,927 | +€31,529 | +25.3% |
| Amounts payable | 17/49 | €46,111 | €39,167 | -€6,944 | -15.1% |
| Amounts payable after more than one year | 17 | €22,357 | €14,261 | -€8,097 | -36.2% |
| Financial debts | 170/4 | €22,357 | €14,261 | -€8,097 | -36.2% |
| Amounts payable within one year | 42/48 | €23,364 | €24,516 | +€1,152 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €7,770 | €8,097 | +€326 | +4.2% |
| Trade debts | 44 | €2,956 | €3,571 | +€615 | +20.8% |
| Suppliers | 440/4 | €2,956 | €3,571 | +€615 | +20.8% |
| Taxes, remuneration and social security | 45 | €11,854 | €11,398 | -€456 | -3.8% |
| Taxes | 450/3 | €9,342 | €11,398 | +€2,056 | +22.0% |
| Remuneration and social security | 454/9 | €2,512 | - | -€2,512 | |
| Other amounts payable | 47/48 | €785 | €1,451 | +€666 | +84.9% |
| Accrued charges and deferred income | 492/3 | €390 | €390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,963 | €14,777 | -€186 | -1.2% |
| Other operating charges | 640/8 | €3,220 | €1,094 | -€2,126 | -66.0% |
| Gross operating margin | 9900 | €88,070 | €65,751 | -€22,318 | -25.3% |
| Operating profit (loss) | 9901 | €69,887 | €49,881 | -€20,006 | -28.6% |
| Financial income | 75/76B | €291 | €377 | +€86 | +29.6% |
| Recurring financial income | 75 | €291 | €377 | +€86 | +29.6% |
| Financial charges | 65/66B | €2,518 | €2,220 | -€298 | -11.8% |
| Recurring financial charges | 65 | €2,518 | €2,220 | -€298 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €67,660 | €48,037 | -€19,622 | -29.0% |
| Income taxes | 67/77 | €20,289 | €14,842 | -€5,447 | -26.8% |
| Profit (loss) for the period | 9904 | €47,370 | €33,195 | -€14,175 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,370 | €33,195 | -€14,175 | -29.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.