LU3X: 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.
LU3X
Largest movements
- Cash +€17,733
up €17,733 (+7.0%), from €253,667 to €271,400
mainly Net result for the year (+€79,759) and Other debts (+€11,527)
- Deferred charges and accrued income +€5,449
up €5,449 (+1,853%), from €294 to €5,743
- Tangible fixed assets -€4,023
down €4,023 (-23.4%), from €17,158 to €13,135
of which Plant, machinery and equipment: -€3,352
- Reserves +€14,045
up €14,045 (+7.9%), from €177,553 to €191,598
of which Distributable reserves: +€14,045
- Other debts +€11,527
up €11,527 (+77.7%), from €14,831 to €26,358
- Current portion of long-term debt -€7,032
down €7,032 (-54.0%), from €13,021 to €5,989
- Debts after one year -€5,989
no longer reported in 2025 (was €5,989)
- Trade debts +€5,760
up €5,760 (+16.9%), from €34,047 to €39,807
- Gross operating margin +€38,431
up €38,431 (+8.7%), from €441,118 to €479,549
- Staff costs +€34,749
up €34,749 (+10.3%), from €337,834 to €372,583
- Financial income +€13,733
up €13,733 (+1,379%), from €996 to €14,729
- Taxes -€7,893
down €7,893 (-30.7%), from €25,684 to €17,791
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 | €345,397 | €363,365 | +€17,968 | +5.2% |
| Fixed assets | 21/28 | €24,179 | €20,156 | -€4,023 | -16.6% |
| Tangible fixed assets | 22/27 | €17,158 | €13,135 | -€4,023 | -23.4% |
| Plant, machinery and equipment | 23 | €12,201 | €8,849 | -€3,352 | -27.5% |
| Furniture and vehicles | 24 | - | €1,274 | +€1,274 | |
| Other tangible fixed assets | 26 | €4,957 | €3,012 | -€1,945 | -39.2% |
| Financial fixed assets | 28 | €7,021 | €7,021 | = | 0.0% |
| Current assets | 29/58 | €321,218 | €343,209 | +€21,991 | +6.8% |
| Stocks and contracts in progress | 3 | €5,718 | €4,208 | -€1,510 | -26.4% |
| Stocks | 30/36 | €5,718 | €4,208 | -€1,510 | -26.4% |
| Amounts receivable within one year | 40/41 | €1,539 | €1,858 | +€319 | +20.7% |
| Other amounts receivable | 41 | €1,539 | €1,858 | +€319 | +20.7% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,667 | €271,400 | +€17,733 | +7.0% |
| Deferred charges and accrued income | 490/1 | €294 | €5,743 | +€5,449 | +1,853% |
| Total equity and liabilities | 10/49 | €345,397 | €363,365 | +€17,968 | +5.2% |
| Equity | 10/15 | €197,553 | €211,598 | +€14,045 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,553 | €191,598 | +€14,045 | +7.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €175,553 | €189,598 | +€14,045 | +8.0% |
| Amounts payable | 17/49 | €147,844 | €151,767 | +€3,923 | +2.7% |
| Amounts payable after more than one year | 17 | €5,989 | - | -€5,989 | |
| Financial debts | 170/4 | €5,989 | - | -€5,989 | |
| Amounts payable within one year | 42/48 | €141,855 | €151,767 | +€9,912 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €13,021 | €5,989 | -€7,032 | -54.0% |
| Trade debts | 44 | €34,047 | €39,807 | +€5,760 | +16.9% |
| Suppliers | 440/4 | €34,047 | €39,807 | +€5,760 | +16.9% |
| Advances received on contracts in progress | 46 | €6,845 | €9,540 | +€2,695 | +39.4% |
| Taxes, remuneration and social security | 45 | €73,111 | €70,073 | -€3,038 | -4.2% |
| Taxes | 450/3 | €33,134 | €36,125 | +€2,991 | +9.0% |
| Remuneration and social security | 454/9 | €39,977 | €33,948 | -€6,029 | -15.1% |
| Other amounts payable | 47/48 | €14,831 | €26,358 | +€11,527 | +77.7% |
| Remuneration, social security and pensions | 62 | €337,834 | €372,583 | +€34,749 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,437 | €5,396 | -€41 | -0.8% |
| Other operating charges | 640/8 | €3,682 | €1,110 | -€2,572 | -69.9% |
| Gross operating margin | 9900 | €441,118 | €479,549 | +€38,431 | +8.7% |
| Operating profit (loss) | 9901 | €94,165 | €100,460 | +€6,295 | +6.7% |
| Financial income | 75/76B | €996 | €14,729 | +€13,733 | +1,379% |
| Recurring financial income | 75 | €996 | €14,729 | +€13,733 | +1,379% |
| Financial charges | 65/66B | €21,110 | €17,639 | -€3,471 | -16.4% |
| Recurring financial charges | 65 | €21,110 | €17,639 | -€3,471 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €74,051 | €97,550 | +€23,499 | +31.7% |
| Income taxes | 67/77 | €25,684 | €17,791 | -€7,893 | -30.7% |
| Profit (loss) for the period | 9904 | €48,367 | €79,759 | +€31,392 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,367 | €79,759 | +€31,392 | +64.9% |
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 21 October 2026 via checked.be.