LUX Holding: 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.
What changed
LUX Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,485
2024 · €550,090-€519,604
Equity
€1.8m
2024 · €1.7m+€30,485
Cash
€18,157
2024 · €43,309-€25,152
Balance sheet total
€4.3m
2024 · €4.0m+€281,636
Largest movements
Assets
- Tangible fixed assets +€471,417
up €471,417 (+17.7%), from €2.7m to €3.1m
of which Land and buildings: +€474,050
- Receivables within one year -€173,509
down €173,509 (-53.7%), from €323,328 to €149,819
of which Trade receivables: -€208,429
Equity and liabilities
- Debts after one year +€473,481
up €473,481 (+36.8%), from €1.3m to €1.8m
- Tax, wage and social debts -€163,445
down €163,445 (-88.9%), from €183,838 to €20,393
of which Taxes: -€163,398
- Other debts -€54,218
down €54,218 (-10.2%), from €529,887 to €475,669
Income statement
- Gross operating margin -€492,466
down €492,466 (-75.3%), from €654,278 to €161,811
- Financial income -€120,756
down €120,756 (-41.1%), from €294,016 to €173,260
- Taxes -€82,995
down €82,995 (-98.1%), from €84,629 to €1,634
- Depreciation -€32,427
down €32,427 (-15.8%), from €205,055 to €172,628
- Financial charges +€27,556
up €27,556 (+55.6%), from €49,567 to €77,123
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.
Result 2024
€550,090
Gross operating margin
-€492,466
Staff costs
-€10,280
Depreciation
+€32,427
Other operating charges
-€872
Other operating items
+€16,903
Financial income
-€120,756
Financial charges
-€27,556
Taxes
+€82,995
Result 2025
€30,485
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€168,837
Investment
-€644,045
Financing
+€450,056
Cash 2024
€43,309
From operations (derived)
+€168,837
Net result for the year
+€30,485
Depreciation
+€172,628
Receivables within one year
+€173,509
Deferred charges and accrued income
-€8,880
Trade debts
-€6,243
Tax, wage and social debts
-€163,445
Other debts
-€54,218
Accrued charges and deferred income
+€25,000
Investment (derived)
-€644,045
Investment in fixed assets (net)
-€644,045
Financing
+€450,056
Debts after one year
+€473,481
Current portion of long-term debt
+€16,555
Short-term financial debts
-€39,979
Cash 2025
€18,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,018,233 | €4,299,868 | +€281,636 | +7.0% |
| Fixed assets | 21/28 | €3,641,452 | €4,112,869 | +€471,417 | +12.9% |
| Tangible fixed assets | 22/27 | €2,665,452 | €3,136,869 | +€471,417 | +17.7% |
| Land and buildings | 22 | €2,618,150 | €3,092,200 | +€474,050 | +18.1% |
| Plant, machinery and equipment | 23 | €3,465 | €2,660 | -€806 | -23.3% |
| Furniture and vehicles | 24 | €43,837 | €42,010 | -€1,827 | -4.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €976,000 | €976,000 | = | 0.0% |
| Current assets | 29/58 | €376,781 | €186,999 | -€189,781 | -50.4% |
| Amounts receivable within one year | 40/41 | €323,328 | €149,819 | -€173,509 | -53.7% |
| Trade receivables | 40 | €235,677 | €27,247 | -€208,429 | -88.4% |
| Other amounts receivable | 41 | €87,651 | €122,572 | +€34,920 | +39.8% |
| Cash at bank and in hand | 54/58 | €43,309 | €18,157 | -€25,152 | -58.1% |
| Deferred charges and accrued income | 490/1 | €10,144 | €19,024 | +€8,880 | +87.5% |
| Total equity and liabilities | 10/49 | €4,018,233 | €4,299,868 | +€281,636 | +7.0% |
| Equity | 10/15 | €1,736,173 | €1,766,659 | +€30,485 | +1.8% |
| Contributions | 10/11 | €675,800 | €675,800 | = | 0.0% |
| Capital | 10 | €675,800 | €675,800 | = | 0.0% |
| Issued capital | 100 | €675,800 | €675,800 | = | 0.0% |
| Reserves | 13 | €67,580 | €67,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €67,580 | €67,580 | = | 0.0% |
| Legal reserve | 130 | €67,580 | €67,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €992,793 | €1,023,279 | +€30,485 | +3.1% |
| Amounts payable | 17/49 | €2,282,059 | €2,533,210 | +€251,151 | +11.0% |
| Amounts payable after more than one year | 17 | €1,285,205 | €1,758,686 | +€473,481 | +36.8% |
| Financial debts | 170/4 | €1,285,205 | €1,758,686 | +€473,481 | +36.8% |
| Amounts payable within one year | 42/48 | €996,854 | €749,524 | -€247,330 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €154,068 | €170,623 | +€16,555 | +10.7% |
| Financial debts | 43 | €107,300 | €67,320 | -€39,979 | -37.3% |
| Credit institutions | 430/8 | €2,857 | €443 | -€2,415 | -84.5% |
| Other loans | 439 | €104,443 | €66,878 | -€37,565 | -36.0% |
| Trade debts | 44 | €21,762 | €15,519 | -€6,243 | -28.7% |
| Suppliers | 440/4 | €21,762 | €15,519 | -€6,243 | -28.7% |
| Taxes, remuneration and social security | 45 | €183,838 | €20,393 | -€163,445 | -88.9% |
| Taxes | 450/3 | €182,883 | €19,485 | -€163,398 | -89.3% |
| Remuneration and social security | 454/9 | €955 | €908 | -€46 | -4.9% |
| Other amounts payable | 47/48 | €529,887 | €475,669 | -€54,218 | -10.2% |
| Accrued charges and deferred income | 492/3 | €0 | €25,000 | +€25,000 | |
| Non-recurring operating income | 76A | €7,997 | €0 | -€7,997 | -100% |
| Remuneration, social security and pensions | 62 | €24,554 | €34,834 | +€10,280 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,055 | €172,628 | -€32,427 | -15.8% |
| Other operating charges | 640/8 | €17,495 | €18,367 | +€872 | +5.0% |
| Non-recurring operating charges | 66A | €16,903 | €0 | -€16,903 | -100% |
| Gross operating margin | 9900 | €654,278 | €161,811 | -€492,466 | -75.3% |
| Operating profit (loss) | 9901 | €390,270 | -€64,018 | -€454,288 | |
| Financial income | 75/76B | €294,016 | €173,260 | -€120,756 | -41.1% |
| Recurring financial income | 75 | €294,016 | €173,260 | -€120,756 | -41.1% |
| Financial charges | 65/66B | €49,567 | €77,123 | +€27,556 | +55.6% |
| Recurring financial charges | 65 | €49,567 | €77,123 | +€27,556 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €634,719 | €32,119 | -€602,600 | -94.9% |
| Income taxes | 67/77 | €84,629 | €1,634 | -€82,995 | -98.1% |
| Profit (loss) for the period | 9904 | €550,090 | €30,485 | -€519,604 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €550,090 | €30,485 | -€519,604 | -94.5% |
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 20 October 2026 via checked.be.