LUVIUS: 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.
LUVIUS
Largest movements
- Current investments +€125,000
up €125,000 (+167%), from €75,000 to €200,000
- Cash -€41,694
down €41,694 (-38.2%), from €109,087 to €67,393
mainly Current investments (-€125,000) and Tax, wage and social debts (-€27,259)
- Tangible fixed assets -€13,394
down €13,394 (-24.9%), from €53,774 to €40,381
- Receivables within one year -€4,960
down €4,960 (-36.0%), from €13,792 to €8,832
of which Other amounts receivable: -€4,960
- Reserves +€95,362
up €95,362 (+54.7%), from €174,381 to €269,743
- Tax, wage and social debts -€27,259
down €27,259 (-45.7%), from €59,673 to €32,414
- Gross operating margin -€22,136
down €22,136 (-13.6%), from €162,977 to €140,841
- Taxes -€5,044
down €5,044 (-13.2%), from €38,088 to €33,044
- Financial income +€2,101
up €2,101 (+396,370%), from €1 to €2,101
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 | €251,653 | €316,605 | +€64,952 | +25.8% |
| Fixed assets | 21/28 | €53,774 | €40,381 | -€13,394 | -24.9% |
| Tangible fixed assets | 22/27 | €53,774 | €40,381 | -€13,394 | -24.9% |
| Furniture and vehicles | 24 | €53,774 | €40,381 | -€13,394 | -24.9% |
| Current assets | 29/58 | €197,879 | €276,225 | +€78,346 | +39.6% |
| Amounts receivable within one year | 40/41 | €13,792 | €8,832 | -€4,960 | -36.0% |
| Trade receivables | 40 | €3,675 | €3,675 | = | 0.0% |
| Other amounts receivable | 41 | €10,117 | €5,157 | -€4,960 | -49.0% |
| Current investments | 50/53 | €75,000 | €200,000 | +€125,000 | +167% |
| Cash at bank and in hand | 54/58 | €109,087 | €67,393 | -€41,694 | -38.2% |
| Total equity and liabilities | 10/49 | €251,653 | €316,605 | +€64,952 | +25.8% |
| Equity | 10/15 | €177,381 | €272,743 | +€95,362 | +53.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €174,381 | €269,743 | +€95,362 | +54.7% |
| Distributable reserves | 133 | €174,381 | €269,743 | +€95,362 | +54.7% |
| Amounts payable | 17/49 | €74,272 | €43,862 | -€30,410 | -40.9% |
| Amounts payable within one year | 42/48 | €74,272 | €43,862 | -€30,410 | -40.9% |
| Trade debts | 44 | €1,039 | €763 | -€276 | -26.5% |
| Suppliers | 440/4 | €1,039 | €763 | -€276 | -26.5% |
| Taxes, remuneration and social security | 45 | €59,673 | €32,414 | -€27,259 | -45.7% |
| Taxes | 450/3 | €59,673 | €32,414 | -€27,259 | -45.7% |
| Other amounts payable | 47/48 | €13,561 | €10,685 | -€2,875 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,905 | €13,394 | +€489 | +3.8% |
| Other operating charges | 640/8 | €1,122 | €1,102 | -€20 | -1.8% |
| Gross operating margin | 9900 | €162,977 | €140,841 | -€22,136 | -13.6% |
| Operating profit (loss) | 9901 | €148,950 | €126,345 | -€22,605 | -15.2% |
| Financial income | 75/76B | €1 | €2,101 | +€2,101 | +396,370% |
| Recurring financial income | 75 | €1 | €2,101 | +€2,101 | +396,370% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €148,907 | €128,406 | -€20,501 | -13.8% |
| Income taxes | 67/77 | €38,088 | €33,044 | -€5,044 | -13.2% |
| Profit (loss) for the period | 9904 | €110,819 | €95,362 | -€15,457 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,819 | €95,362 | -€15,457 | -13.9% |
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 22 October 2026 via checked.be.