LILUX: 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.
LILUX
Largest movements
- Receivables within one year -€300,069
down €300,069 (-56.4%), from €531,904 to €231,834
of which Trade receivables: -€286,591
- Stocks and contracts -€252,795
down €252,795 (-23.3%), from €1.1m to €834,426
- Cash -€92,460
down €92,460 (-59.3%), from €155,813 to €63,353
mainly Short-term financial debts (-€300,000) and Tax, wage and social debts (-€202,236)
- Tangible fixed assets -€56,239
down €56,239 (-23.9%), from €235,213 to €178,974
of which Furniture and vehicles: -€33,426
- Short-term financial debts -€300,000
down €300,000 (-60.0%), from €500,000 to €200,000
- Tax, wage and social debts -€202,236
down €202,236 (-72.7%), from €278,233 to €75,998
of which Taxes: -€175,718
- Current portion of long-term debt -€97,288
down €97,288 (-50.3%), from €193,584 to €96,296
- Debts after one year -€96,296
down €96,296 (-15.3%), from €628,319 to €532,023
- Trade debts -€89,254
down €89,254 (-37.7%), from €236,499 to €147,246
- Write-downs -€75,763
no longer reported in 2025 (was €75,763)
- Staff costs -€57,821
down €57,821 (-42.4%), from €136,515 to €78,694
- Gross operating margin -€37,309
down €37,309 (-12.1%), from €309,534 to €272,224
- Other operating charges -€24,850
down €24,850 (-79.4%), from €31,296 to €6,446
- Financial charges -€13,689
down €13,689 (-16.5%), from €83,172 to €69,483
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.
Cash bridge derived
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 | €2,417,500 | €1,710,784 | -€706,716 | -29.2% |
| Fixed assets | 21/28 | €637,016 | €581,027 | -€55,989 | -8.8% |
| Intangible fixed assets | 21 | €1,803 | €803 | -€1,000 | -55.5% |
| Tangible fixed assets | 22/27 | €235,213 | €178,974 | -€56,239 | -23.9% |
| Plant, machinery and equipment | 23 | €122,637 | €100,924 | -€21,713 | -17.7% |
| Furniture and vehicles | 24 | €108,818 | €75,392 | -€33,426 | -30.7% |
| Other tangible fixed assets | 26 | €3,758 | €2,658 | -€1,100 | -29.3% |
| Financial fixed assets | 28 | €400,000 | €401,250 | +€1,250 | +0.3% |
| Current assets | 29/58 | €1,780,484 | €1,129,757 | -€650,727 | -36.5% |
| Stocks and contracts in progress | 3 | €1,087,221 | €834,426 | -€252,795 | -23.3% |
| Stocks | 30/36 | €1,087,221 | €834,426 | -€252,795 | -23.3% |
| Amounts receivable within one year | 40/41 | €531,904 | €231,834 | -€300,069 | -56.4% |
| Trade receivables | 40 | €496,425 | €209,834 | -€286,591 | -57.7% |
| Other amounts receivable | 41 | €35,478 | €22,000 | -€13,478 | -38.0% |
| Cash at bank and in hand | 54/58 | €155,813 | €63,353 | -€92,460 | -59.3% |
| Deferred charges and accrued income | 490/1 | €5,547 | €144 | -€5,403 | -97.4% |
| Total equity and liabilities | 10/49 | €2,417,500 | €1,710,784 | -€706,716 | -29.2% |
| Equity | 10/15 | €348,709 | €381,688 | +€32,979 | +9.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €43,883 | €40,926 | -€2,957 | -6.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,185 | €1,229 | -€2,957 | -70.6% |
| Distributable reserves | 133 | €37,198 | €37,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,826 | €315,762 | +€35,935 | +12.8% |
| Provisions and deferred taxes | 16 | €1,395 | €410 | -€986 | -70.6% |
| Deferred taxes | 168 | €1,395 | €410 | -€986 | -70.6% |
| Amounts payable | 17/49 | €2,067,396 | €1,328,686 | -€738,710 | -35.7% |
| Amounts payable after more than one year | 17 | €628,319 | €532,023 | -€96,296 | -15.3% |
| Financial debts | 170/4 | €628,319 | €532,023 | -€96,296 | -15.3% |
| Amounts payable within one year | 42/48 | €1,439,077 | €796,663 | -€642,414 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €193,584 | €96,296 | -€97,288 | -50.3% |
| Financial debts | 43 | €500,000 | €200,000 | -€300,000 | -60.0% |
| Credit institutions | 430/8 | €500,000 | €200,000 | -€300,000 | -60.0% |
| Trade debts | 44 | €236,499 | €147,246 | -€89,254 | -37.7% |
| Suppliers | 440/4 | €236,499 | €147,246 | -€89,254 | -37.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €278,233 | €75,998 | -€202,236 | -72.7% |
| Taxes | 450/3 | €243,811 | €68,093 | -€175,718 | -72.1% |
| Remuneration and social security | 454/9 | €34,422 | €7,905 | -€26,517 | -77.0% |
| Other amounts payable | 47/48 | €230,760 | €277,124 | +€46,364 | +20.1% |
| Non-recurring operating income | 76A | €126,053 | €76,230 | -€49,823 | -39.5% |
| Remuneration, social security and pensions | 62 | €136,515 | €78,694 | -€57,821 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,309 | €66,349 | +€3,040 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,763 | - | -€75,763 | |
| Other operating charges | 640/8 | €31,296 | €6,446 | -€24,850 | -79.4% |
| Non-recurring operating charges | 66A | €47,433 | €327 | -€47,105 | -99.3% |
| Gross operating margin | 9900 | €309,534 | €272,224 | -€37,309 | -12.1% |
| Operating profit (loss) | 9901 | -€44,782 | €120,408 | +€165,190 | |
| Financial income | 75/76B | €2,304 | - | -€2,304 | |
| Recurring financial income | 75 | €1,136 | - | -€1,136 | |
| Non-recurring financial income | 76B | €1,168 | - | -€1,168 | |
| Financial charges | 65/66B | €83,172 | €69,483 | -€13,689 | -16.5% |
| Recurring financial charges | 65 | €83,172 | €69,483 | -€13,689 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€125,650 | €50,925 | +€176,575 | |
| Transfer from deferred taxes | 780 | €44,850 | €986 | -€43,865 | -97.8% |
| Income taxes | 67/77 | €27,904 | €18,932 | -€8,972 | -32.2% |
| Profit (loss) for the period | 9904 | -€108,703 | €32,979 | +€141,682 | |
| Transfer from tax-exempt reserves | 789 | €134,551 | €2,957 | -€131,594 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,848 | €35,935 | +€10,088 | +39.0% |
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 9 October 2026 via checked.be.