LUANSE INTERNATIONAL: what changed
What changed
LUANSE INTERNATIONAL
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
€125,510
2024 · €160,334-€34,824
Equity
€722,735
2024 · €597,225+€125,510
Cash
€39,521
2024 · €248,374-€208,853
Balance sheet total
€979,192
2024 · €857,896+€121,296
Largest movements
Assets
- Current investments +€220,000
new in 2025: €220,000
- Cash -€208,853
down €208,853 (-84.1%), from €248,374 to €39,521
mainly Current investments (-€220,000) and Receivables within one year (-€105,126)
- Receivables within one year +€105,126
up €105,126 (+864%), from €12,169 to €117,295
of which Trade receivables: +€105,125
Equity and liabilities
- Reserves +€125,510
up €125,510 (+26.5%), from €472,731 to €598,241
of which Distributable reserves: +€125,510
- Trade debts +€18,933
up €18,933 (+503%), from €3,767 to €22,700
- Debts after one year -€18,684
down €18,684 (-11.2%), from €166,472 to €147,788
of which Financial debts: -€18,684
Income statement
- Gross operating margin -€31,354
down €31,354 (-12.2%), from €257,230 to €225,876
- Taxes -€8,721
down €8,721 (-14.4%), from €60,462 to €51,741
- Depreciation +€8,480
up €8,480 (+29.9%), from €28,364 to €36,845
- Financial income -€5,693
no longer reported in 2025 (was €5,693)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€160,334
Gross operating margin
-€31,354
Depreciation
-€8,480
Other operating charges
+€347
Financial income
-€5,693
Financial charges
+€1,636
Taxes
+€8,721
Result 2025
€125,510
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€76,335
Investment
-€261,822
Financing
-€23,365
Cash 2024
€248,374
From operations (derived)
+€76,335
Net result for the year
+€125,510
Depreciation
+€36,845
Receivables within one year
-€105,126
Deferred charges and accrued income
-€46
Trade debts
+€18,933
Tax, wage and social debts
-€7,541
Other debts
+€8,582
Accrued charges and deferred income
-€823
Investment (derived)
-€261,822
Investment in fixed assets (net)
-€41,822
Current investments
-€220,000
Financing
-€23,365
Debts after one year
-€18,684
Current portion of long-term debt
-€4,682
Cash 2025
€39,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €857,896 | €979,192 | +€121,296 | +14.1% |
| Fixed assets | 21/28 | €595,067 | €600,044 | +€4,977 | +0.8% |
| Tangible fixed assets | 22/27 | €493,737 | €498,715 | +€4,977 | +1.0% |
| Land and buildings | 22 | €470,007 | €491,665 | +€21,658 | +4.6% |
| Furniture and vehicles | 24 | €23,730 | €7,049 | -€16,681 | -70.3% |
| Financial fixed assets | 28 | €101,330 | €101,330 | = | 0.0% |
| Current assets | 29/58 | €262,829 | €379,148 | +€116,319 | +44.3% |
| Amounts receivable within one year | 40/41 | €12,169 | €117,295 | +€105,126 | +864% |
| Trade receivables | 40 | €12,006 | €117,131 | +€105,125 | +876% |
| Other amounts receivable | 41 | €163 | €163 | +€0 | +0.1% |
| Current investments | 50/53 | - | €220,000 | +€220,000 | |
| Cash at bank and in hand | 54/58 | €248,374 | €39,521 | -€208,853 | -84.1% |
| Deferred charges and accrued income | 490/1 | €2,285 | €2,331 | +€46 | +2.0% |
| Total equity and liabilities | 10/49 | €857,896 | €979,192 | +€121,296 | +14.1% |
| Equity | 10/15 | €597,225 | €722,735 | +€125,510 | +21.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €472,731 | €598,241 | +€125,510 | +26.5% |
| 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 | €470,731 | €596,241 | +€125,510 | +26.7% |
| Profit (loss) carried forward | 14 | €104,494 | €104,494 | = | 0.0% |
| Amounts payable | 17/49 | €260,671 | €256,457 | -€4,214 | -1.6% |
| Amounts payable after more than one year | 17 | €166,472 | €147,788 | -€18,684 | -11.2% |
| Financial debts | 170/4 | €165,452 | €146,768 | -€18,684 | -11.3% |
| Other amounts payable | 178/9 | €1,020 | €1,020 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,182 | €102,474 | +€15,293 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €23,365 | €18,684 | -€4,682 | -20.0% |
| Trade debts | 44 | €3,767 | €22,700 | +€18,933 | +503% |
| Suppliers | 440/4 | €3,767 | €22,700 | +€18,933 | +503% |
| Taxes, remuneration and social security | 45 | €35,594 | €28,053 | -€7,541 | -21.2% |
| Taxes | 450/3 | €35,594 | €28,053 | -€7,541 | -21.2% |
| Other amounts payable | 47/48 | €24,456 | €33,038 | +€8,582 | +35.1% |
| Accrued charges and deferred income | 492/3 | €7,018 | €6,195 | -€823 | -11.7% |
| Non-recurring operating income | 76A | €12,305 | - | -€12,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,364 | €36,845 | +€8,480 | +29.9% |
| Other operating charges | 640/8 | €2,396 | €2,050 | -€347 | -14.5% |
| Gross operating margin | 9900 | €257,230 | €225,876 | -€31,354 | -12.2% |
| Operating profit (loss) | 9901 | €226,470 | €186,982 | -€39,488 | -17.4% |
| Financial income | 75/76B | €5,693 | - | -€5,693 | |
| Recurring financial income | 75 | €5,693 | - | -€5,693 | |
| Financial charges | 65/66B | €11,366 | €9,730 | -€1,636 | -14.4% |
| Recurring financial charges | 65 | €11,366 | €9,730 | -€1,636 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €220,796 | €177,251 | -€43,545 | -19.7% |
| Income taxes | 67/77 | €60,462 | €51,741 | -€8,721 | -14.4% |
| Profit (loss) for the period | 9904 | €160,334 | €125,510 | -€34,824 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €160,334 | €125,510 | -€34,824 | -21.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.