LUX: 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.
LUX
Largest movements
- Stocks and contracts +€20,554
up €20,554 (+22.0%), from €93,271 to €113,825
- Receivables after one year -€11,387
down €11,387 (-5.2%), from €218,319 to €206,932
- Cash -€6,488
down €6,488 (-21.3%), from €30,435 to €23,947
mainly Net result for the year (-€24,708) and Stocks and contracts (-€20,554)
- Deferred charges and accrued income -€5,593
down €5,593 (-58.9%), from €9,496 to €3,903
- Receivables within one year -€4,775
down €4,775 (-12.1%), from €39,568 to €34,793
of which Other amounts receivable: -€5,377
- Profit (loss) carried forward -€24,708
down €24,708 (-13.7%), from -€180,832 to -€205,540
- Trade debts +€12,688
up €12,688 (+2,801%), from €453 to €13,141
- Gross operating margin +€29,546
up €29,546, from -€12,411 to €17,135
- Financial income +€1,591
up €1,591 (+21.5%), from €7,409 to €8,999
- Staff costs +€1,550
up €1,550 (+4.0%), from €38,446 to €39,996
- Other operating charges -€756
down €756 (-15.5%), from €4,864 to €4,108
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 | €400,779 | €391,020 | -€9,759 | -2.4% |
| Fixed assets | 21/28 | €9,690 | €7,620 | -€2,071 | -21.4% |
| Tangible fixed assets | 22/27 | €4,881 | €2,811 | -€2,071 | -42.4% |
| Furniture and vehicles | 24 | €2,552 | €1,175 | -€1,377 | -53.9% |
| Other tangible fixed assets | 26 | €2,329 | €1,635 | -€694 | -29.8% |
| Financial fixed assets | 28 | €4,809 | €4,809 | = | 0.0% |
| Current assets | 29/58 | €391,089 | €383,400 | -€7,688 | -2.0% |
| Amounts receivable after more than one year | 29 | €218,319 | €206,932 | -€11,387 | -5.2% |
| Other amounts receivable | 291 | €218,319 | €206,932 | -€11,387 | -5.2% |
| Stocks and contracts in progress | 3 | €93,271 | €113,825 | +€20,554 | +22.0% |
| Stocks | 30/36 | €93,271 | €113,825 | +€20,554 | +22.0% |
| Amounts receivable within one year | 40/41 | €39,568 | €34,793 | -€4,775 | -12.1% |
| Trade receivables | 40 | - | €602 | +€602 | |
| Other amounts receivable | 41 | €39,568 | €34,191 | -€5,377 | -13.6% |
| Cash at bank and in hand | 54/58 | €30,435 | €23,947 | -€6,488 | -21.3% |
| Deferred charges and accrued income | 490/1 | €9,496 | €3,903 | -€5,593 | -58.9% |
| Total equity and liabilities | 10/49 | €400,779 | €391,020 | -€9,759 | -2.4% |
| Equity | 10/15 | €393,025 | €368,317 | -€24,708 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €555,257 | €555,257 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,300 | €5,300 | = | 0.0% |
| Distributable reserves | 133 | €549,957 | €549,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,832 | -€205,540 | -€24,708 | -13.7% |
| Amounts payable | 17/49 | €7,754 | €22,703 | +€14,949 | +193% |
| Amounts payable within one year | 42/48 | €6,946 | €22,313 | +€15,368 | +221% |
| Trade debts | 44 | €453 | €13,141 | +€12,688 | +2,801% |
| Suppliers | 440/4 | €453 | €13,141 | +€12,688 | +2,801% |
| Taxes, remuneration and social security | 45 | €6,493 | €9,172 | +€2,680 | +41.3% |
| Taxes | 450/3 | €367 | €2,954 | +€2,587 | +704% |
| Remuneration and social security | 454/9 | €6,125 | €6,219 | +€93 | +1.5% |
| Accrued charges and deferred income | 492/3 | €808 | €390 | -€418 | -51.8% |
| Remuneration, social security and pensions | 62 | €38,446 | €39,996 | +€1,550 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €2,071 | +€36 | +1.7% |
| Other operating charges | 640/8 | €4,864 | €4,108 | -€756 | -15.5% |
| Non-recurring operating charges | 66A | - | €3,111 | +€3,111 | |
| Gross operating margin | 9900 | -€12,411 | €17,135 | +€29,546 | |
| Operating profit (loss) | 9901 | -€57,755 | -€32,150 | +€25,605 | +44.3% |
| Financial income | 75/76B | €7,409 | €8,999 | +€1,591 | +21.5% |
| Recurring financial income | 75 | €7,409 | €8,999 | +€1,591 | +21.5% |
| Financial charges | 65/66B | €1,422 | €1,417 | -€5 | -0.4% |
| Recurring financial charges | 65 | €1,422 | €1,417 | -€5 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,768 | -€24,567 | +€27,201 | +52.5% |
| Income taxes | 67/77 | €184 | €141 | -€43 | -23.3% |
| Profit (loss) for the period | 9904 | -€51,952 | -€24,708 | +€27,243 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,952 | -€24,708 | +€27,243 | +52.4% |
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.