LUAN STYLING: what changed
Two fiscal 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.
LUAN STYLING
Largest movements
- Tangible fixed assets -€16,824
down €16,824 (-5.4%), from €309,749 to €292,925
of which Land and buildings: -€12,619
- Cash +€10,526
up €10,526 (+14.1%), from €74,706 to €85,232
mainly Depreciation (+€21,780) and Short-term financial debts (+€6,002)
- Receivables within one year -€3,976
down €3,976 (-63.9%), from €6,223 to €2,247
of which Trade receivables: -€3,976
- Tax, wage and social debts -€12,714
down €12,714 (-71.4%), from €17,813 to €5,099
- Debts after one year -€8,306
down €8,306 (-3.6%), from €231,248 to €222,942
- Short-term financial debts +€6,002
up €6,002, from €0 to €6,002
- Reserves +€4,766
up €4,766 (+3.9%), from €122,295 to €127,061
of which Distributable reserves: +€4,766
- Gross operating margin -€23,345
down €23,345 (-42.9%), from €54,419 to €31,074
- Taxes -€8,701
down €8,701 (-78.2%), from €11,124 to €2,423
- Depreciation +€1,779
up €1,779 (+8.9%), from €20,002 to €21,780
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 | €391,587 | €381,374 | -€10,213 | -2.6% |
| Fixed assets | 21/28 | €309,749 | €292,925 | -€16,824 | -5.4% |
| Tangible fixed assets | 22/27 | €309,749 | €292,925 | -€16,824 | -5.4% |
| Land and buildings | 22 | €275,763 | €263,145 | -€12,619 | -4.6% |
| Plant, machinery and equipment | 23 | €517 | €443 | -€74 | -14.3% |
| Furniture and vehicles | 24 | €33,469 | €29,337 | -€4,132 | -12.3% |
| Current assets | 29/58 | €81,838 | €88,449 | +€6,611 | +8.1% |
| Amounts receivable within one year | 40/41 | €6,223 | €2,247 | -€3,976 | -63.9% |
| Trade receivables | 40 | €6,223 | €2,247 | -€3,976 | -63.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €74,706 | €85,232 | +€10,526 | +14.1% |
| Deferred charges and accrued income | 490/1 | €908 | €970 | +€61 | +6.8% |
| Total equity and liabilities | 10/49 | €391,587 | €381,374 | -€10,213 | -2.6% |
| Equity | 10/15 | €140,895 | €145,661 | +€4,766 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,295 | €127,061 | +€4,766 | +3.9% |
| Non-distributable reserves | 130/1 | €1,461 | €1,461 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,461 | €1,461 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,928 | €12,928 | = | 0.0% |
| Distributable reserves | 133 | €107,906 | €112,672 | +€4,766 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €250,692 | €235,713 | -€14,979 | -6.0% |
| Amounts payable after more than one year | 17 | €231,248 | €222,942 | -€8,306 | -3.6% |
| Other amounts payable | 178/9 | €231,248 | €222,942 | -€8,306 | -3.6% |
| Amounts payable within one year | 42/48 | €19,443 | €12,770 | -€6,673 | -34.3% |
| Financial debts | 43 | €0 | €6,002 | +€6,002 | |
| Other loans | 439 | €0 | €6,002 | +€6,002 | |
| Trade debts | 44 | €1,630 | €1,670 | +€40 | +2.4% |
| Suppliers | 440/4 | €1,630 | €1,670 | +€40 | +2.4% |
| Taxes, remuneration and social security | 45 | €17,813 | €5,099 | -€12,714 | -71.4% |
| Taxes | 450/3 | €17,813 | €5,099 | -€12,714 | -71.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,002 | €21,780 | +€1,779 | +8.9% |
| Other operating charges | 640/8 | €1,969 | €2,343 | +€375 | +19.0% |
| Gross operating margin | 9900 | €54,419 | €31,074 | -€23,345 | -42.9% |
| Operating profit (loss) | 9901 | €32,449 | €6,950 | -€25,499 | -78.6% |
| Financial income | 75/76B | €214 | €436 | +€222 | +103.9% |
| Recurring financial income | 75 | €214 | €436 | +€222 | +103.9% |
| Financial charges | 65/66B | €203 | €197 | -€6 | -2.8% |
| Recurring financial charges | 65 | €203 | €197 | -€6 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €32,460 | €7,188 | -€25,271 | -77.9% |
| Income taxes | 67/77 | €11,124 | €2,423 | -€8,701 | -78.2% |
| Profit (loss) for the period | 9904 | €21,336 | €4,766 | -€16,570 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,336 | €4,766 | -€16,570 | -77.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.