Luvian decor: 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.
Luvian decor
Largest movements
- Receivables within one year -€104,104
down €104,104 (-49.1%), from €211,918 to €107,814
of which Trade receivables: -€109,083
- Cash -€48,390
down €48,390 (-53.6%), from €90,356 to €41,966
mainly Trade debts (-€82,528) and Debts after one year (-€46,080)
- Tangible fixed assets +€23,071
up €23,071 (+9.1%), from €254,766 to €277,837
of which Furniture and vehicles: +€22,391
- Trade debts -€82,528
down €82,528 (-73.3%), from €112,609 to €30,081
- Debts after one year -€46,080
down €46,080 (-32.9%), from €140,206 to €94,126
- Turnover -€276,559
down €276,559 (-36.7%), from €754,329 to €477,770
- Purchases and services -€194,502
down €194,502 (-32.2%), from €603,392 to €408,890
- Gross operating margin -€84,910
down €84,910 (-54.6%), from €155,583 to €70,673
- Taxes -€26,845
down €26,845 (-68.2%), from €39,367 to €12,522
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 | €571,563 | €442,161 | -€129,402 | -22.6% |
| Fixed assets | 21/28 | €254,991 | €278,062 | +€23,071 | +9.0% |
| Tangible fixed assets | 22/27 | €254,766 | €277,837 | +€23,071 | +9.1% |
| Land and buildings | 22 | €228,153 | €222,284 | -€5,869 | -2.6% |
| Plant, machinery and equipment | 23 | €21,490 | €28,040 | +€6,549 | +30.5% |
| Furniture and vehicles | 24 | €5,123 | €27,514 | +€22,391 | +437% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €316,572 | €164,099 | -€152,473 | -48.2% |
| Amounts receivable within one year | 40/41 | €211,918 | €107,814 | -€104,104 | -49.1% |
| Trade receivables | 40 | €199,380 | €90,297 | -€109,083 | -54.7% |
| Other amounts receivable | 41 | €12,538 | €17,517 | +€4,979 | +39.7% |
| Cash at bank and in hand | 54/58 | €90,356 | €41,966 | -€48,390 | -53.6% |
| Deferred charges and accrued income | 490/1 | €14,298 | €14,319 | +€21 | +0.1% |
| Total equity and liabilities | 10/49 | €571,563 | €442,161 | -€129,402 | -22.6% |
| Equity | 10/15 | €238,430 | €240,300 | +€1,870 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,496 | €71,496 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €65,496 | €65,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,333 | €150,204 | +€1,870 | +1.3% |
| Amounts payable | 17/49 | €333,133 | €201,861 | -€131,272 | -39.4% |
| Amounts payable after more than one year | 17 | €140,206 | €94,126 | -€46,080 | -32.9% |
| Financial debts | 170/4 | €140,206 | €94,126 | -€46,080 | -32.9% |
| Amounts payable within one year | 42/48 | €192,927 | €107,735 | -€85,192 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €44,117 | €46,080 | +€1,962 | +4.4% |
| Trade debts | 44 | €112,609 | €30,081 | -€82,528 | -73.3% |
| Suppliers | 440/4 | €112,609 | €30,081 | -€82,528 | -73.3% |
| Taxes, remuneration and social security | 45 | €36,200 | €31,574 | -€4,626 | -12.8% |
| Taxes | 450/3 | €30,300 | €29,174 | -€1,126 | -3.7% |
| Remuneration and social security | 454/9 | €5,900 | €2,400 | -€3,500 | -59.3% |
| Turnover | 70 | €754,329 | €477,770 | -€276,559 | -36.7% |
| Non-recurring operating income | 76A | €4,647 | €1,794 | -€2,854 | -61.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €603,392 | €408,890 | -€194,502 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,396 | €12,741 | +€4,344 | +51.7% |
| Other operating charges | 640/8 | €24,287 | €30,493 | +€6,206 | +25.6% |
| Non-recurring operating charges | 66A | €698 | €5,206 | +€4,508 | +645% |
| Gross operating margin | 9900 | €155,583 | €70,673 | -€84,910 | -54.6% |
| Operating profit (loss) | 9901 | €122,202 | €22,233 | -€99,969 | -81.8% |
| Financial income | 75/76B | €144 | €241 | +€98 | +68.1% |
| Recurring financial income | 75 | €144 | €241 | +€98 | +68.1% |
| Financial charges | 65/66B | €10,723 | €8,081 | -€2,641 | -24.6% |
| Recurring financial charges | 65 | €10,723 | €8,081 | -€2,641 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €111,622 | €14,393 | -€97,230 | -87.1% |
| Income taxes | 67/77 | €39,367 | €12,522 | -€26,845 | -68.2% |
| Profit (loss) for the period | 9904 | €72,255 | €1,870 | -€70,385 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,255 | €1,870 | -€70,385 | -97.4% |
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 18 October 2026 via checked.be.