LUX JM: 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 JM
Largest movements
- Cash +€137,651
up €137,651 (+315%), from €43,658 to €181,309
mainly Trade debts (+€195,635) and Depreciation (+€158,084)
- Tangible fixed assets -€87,002
down €87,002 (-9.8%), from €887,248 to €800,245
of which Land and buildings: -€65,420
- Current investments +€24,568
up €24,568 (+51.5%), from €47,665 to €72,233
- Financial fixed assets -€15,599
down €15,599 (-30.9%), from €50,509 to €34,910
- Trade debts +€195,635
up €195,635 (+126%), from €155,483 to €351,118
- Other debts -€42,597
down €42,597 (-7.1%), from €596,538 to €553,941
- Debts after one year -€41,544
down €41,544 (-40.5%), from €102,543 to €60,999
- Profit (loss) carried forward -€39,814
down €39,814 (-13.1%), from -€303,702 to -€343,516
- Current portion of long-term debt -€23,535
down €23,535 (-36.2%), from €65,097 to €41,562
- Gross operating margin +€120,507
up €120,507 (+33.4%), from €360,454 to €480,961
- Staff costs +€51,913
up €51,913 (+17.2%), from €300,970 to €352,882
- Depreciation +€22,116
up €22,116 (+16.3%), from €135,969 to €158,084
- Taxes -€19,978
no longer reported in 2025 (was €19,978)
- Financial charges -€8,736
down €8,736 (-59.4%), from €14,697 to €5,960
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 | €1,309,837 | €1,357,311 | +€47,474 | +3.6% |
| Fixed assets | 21/28 | €937,757 | €835,156 | -€102,601 | -10.9% |
| Tangible fixed assets | 22/27 | €887,248 | €800,245 | -€87,002 | -9.8% |
| Land and buildings | 22 | €545,569 | €480,149 | -€65,420 | -12.0% |
| Plant, machinery and equipment | 23 | €175,536 | €195,731 | +€20,195 | +11.5% |
| Furniture and vehicles | 24 | €156,443 | €116,876 | -€39,567 | -25.3% |
| Leasing and similar rights | 25 | €9,700 | €7,490 | -€2,210 | -22.8% |
| Financial fixed assets | 28 | €50,509 | €34,910 | -€15,599 | -30.9% |
| Current assets | 29/58 | €372,080 | €522,155 | +€150,075 | +40.3% |
| Stocks and contracts in progress | 3 | €210,356 | €207,220 | -€3,136 | -1.5% |
| Stocks | 30/36 | €210,356 | €207,220 | -€3,136 | -1.5% |
| Amounts receivable within one year | 40/41 | €70,401 | €61,393 | -€9,007 | -12.8% |
| Trade receivables | 40 | €21,027 | €2,905 | -€18,122 | -86.2% |
| Other amounts receivable | 41 | €49,374 | €58,488 | +€9,114 | +18.5% |
| Current investments | 50/53 | €47,665 | €72,233 | +€24,568 | +51.5% |
| Cash at bank and in hand | 54/58 | €43,658 | €181,309 | +€137,651 | +315% |
| Total equity and liabilities | 10/49 | €1,309,837 | €1,357,311 | +€47,474 | +3.6% |
| Equity | 10/15 | €382,927 | €343,113 | -€39,814 | -10.4% |
| Contributions | 10/11 | €632,000 | €632,000 | = | 0.0% |
| Reserves | 13 | €54,629 | €54,629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,629 | €54,629 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,629 | €54,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303,702 | -€343,516 | -€39,814 | -13.1% |
| Amounts payable | 17/49 | €926,910 | €1,014,197 | +€87,287 | +9.4% |
| Amounts payable after more than one year | 17 | €102,543 | €60,999 | -€41,544 | -40.5% |
| Financial debts | 170/4 | €102,543 | €60,999 | -€41,544 | -40.5% |
| Amounts payable within one year | 42/48 | €824,367 | €953,198 | +€128,831 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €65,097 | €41,562 | -€23,535 | -36.2% |
| Trade debts | 44 | €155,483 | €351,118 | +€195,635 | +126% |
| Suppliers | 440/4 | €155,483 | €351,118 | +€195,635 | +126% |
| Taxes, remuneration and social security | 45 | €7,249 | €6,576 | -€673 | -9.3% |
| Remuneration and social security | 454/9 | €7,249 | €6,576 | -€673 | -9.3% |
| Other amounts payable | 47/48 | €596,538 | €553,941 | -€42,597 | -7.1% |
| Remuneration, social security and pensions | 62 | €300,970 | €352,882 | +€51,913 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,969 | €158,084 | +€22,116 | +16.3% |
| Other operating charges | 640/8 | €12,187 | €11,163 | -€1,023 | -8.4% |
| Gross operating margin | 9900 | €360,454 | €480,961 | +€120,507 | +33.4% |
| Operating profit (loss) | 9901 | -€88,671 | -€41,169 | +€47,502 | +53.6% |
| Financial income | 75/76B | €7,011 | €7,315 | +€305 | +4.3% |
| Recurring financial income | 75 | €7,011 | €7,315 | +€305 | +4.3% |
| Financial charges | 65/66B | €14,697 | €5,960 | -€8,736 | -59.4% |
| Recurring financial charges | 65 | €14,697 | €5,960 | -€8,736 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,357 | -€39,814 | +€56,543 | +58.7% |
| Income taxes | 67/77 | €19,978 | - | -€19,978 | |
| Profit (loss) for the period | 9904 | -€116,335 | -€39,814 | +€76,521 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,335 | -€39,814 | +€76,521 | +65.8% |
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 14 October 2026 via checked.be.