LUX RED: 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 RED
Largest movements
- Receivables within one year +€45,790
up €45,790 (+34.5%), from €132,861 to €178,650
of which Other amounts receivable: +€45,608
- Tangible fixed assets -€5,269
down €5,269 (-10.8%), from €49,005 to €43,736
of which Other tangible fixed assets: -€7,307
- Reserves +€41,996
up €41,996 (+37.8%), from €110,966 to €152,962
- Tax, wage and social debts +€12,315
up €12,315 (+32.5%), from €37,920 to €50,235
- Current portion of long-term debt -€8,036
down €8,036 (-75.0%), from €10,714 to €2,679
- Trade debts -€4,837
down €4,837 (-25.3%), from €19,098 to €14,261
- Debts after one year -€2,679
down €2,679 (-100%), from €2,679 to €0
- Gross operating margin +€29,679
up €29,679 (+47.0%), from €63,178 to €92,856
- Taxes +€12,813
up €12,813 (+80.5%), from €15,921 to €28,734
- Depreciation +€1,916
up €1,916 (+13.2%), from €14,473 to €16,389
- Other operating charges -€1,399
down €1,399 (-31.3%), from €4,469 to €3,069
- Financial charges +€952
up €952 (+55.5%), from €1,717 to €2,669
of which Non-recurring financial charges: +€1,674
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 | €184,073 | €224,258 | +€40,185 | +21.8% |
| Fixed assets | 21/28 | €49,255 | €43,986 | -€5,269 | -10.7% |
| Tangible fixed assets | 22/27 | €49,005 | €43,736 | -€5,269 | -10.8% |
| Plant, machinery and equipment | 23 | €0 | €2,038 | +€2,038 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €49,005 | €41,699 | -€7,307 | -14.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €134,818 | €180,272 | +€45,454 | +33.7% |
| Amounts receivable within one year | 40/41 | €132,861 | €178,650 | +€45,790 | +34.5% |
| Trade receivables | 40 | €20,302 | €20,484 | +€182 | +0.9% |
| Other amounts receivable | 41 | €112,558 | €158,166 | +€45,608 | +40.5% |
| Current investments | 50/53 | €2 | €2 | +€0 | +5.1% |
| Cash at bank and in hand | 54/58 | €48 | €45 | -€3 | -6.3% |
| Deferred charges and accrued income | 490/1 | €1,907 | €1,574 | -€333 | -17.5% |
| Total equity and liabilities | 10/49 | €184,073 | €224,258 | +€40,185 | +21.8% |
| Equity | 10/15 | €112,466 | €154,462 | +€41,996 | +37.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €110,966 | €152,962 | +€41,996 | +37.8% |
| Distributable reserves | 133 | €110,966 | €152,962 | +€41,996 | +37.8% |
| Amounts payable | 17/49 | €71,607 | €69,796 | -€1,811 | -2.5% |
| Amounts payable after more than one year | 17 | €2,679 | €0 | -€2,679 | -100% |
| Financial debts | 170/4 | €2,679 | €0 | -€2,679 | -100% |
| Amounts payable within one year | 42/48 | €68,929 | €69,796 | +€867 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,714 | €2,679 | -€8,036 | -75.0% |
| Financial debts | 43 | €1,196 | €2,622 | +€1,425 | +119% |
| Credit institutions | 430/8 | €1,196 | €2,622 | +€1,425 | +119% |
| Trade debts | 44 | €19,098 | €14,261 | -€4,837 | -25.3% |
| Suppliers | 440/4 | €19,098 | €14,261 | -€4,837 | -25.3% |
| Taxes, remuneration and social security | 45 | €37,920 | €50,235 | +€12,315 | +32.5% |
| Taxes | 450/3 | €37,920 | €50,235 | +€12,315 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,473 | €16,389 | +€1,916 | +13.2% |
| Other operating charges | 640/8 | €4,469 | €3,069 | -€1,399 | -31.3% |
| Gross operating margin | 9900 | €63,178 | €92,856 | +€29,679 | +47.0% |
| Operating profit (loss) | 9901 | €44,236 | €73,399 | +€29,162 | +65.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -93.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -93.2% |
| Financial charges | 65/66B | €1,717 | €2,669 | +€952 | +55.5% |
| Recurring financial charges | 65 | €1,717 | €995 | -€722 | -42.1% |
| Non-recurring financial charges | 66B | - | €1,674 | +€1,674 | |
| Profit (loss) for the period before taxes | 9903 | €42,522 | €70,730 | +€28,208 | +66.3% |
| Income taxes | 67/77 | €15,921 | €28,734 | +€12,813 | +80.5% |
| Profit (loss) for the period | 9904 | €26,601 | €41,996 | +€15,395 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,601 | €41,996 | +€15,395 | +57.9% |
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 13 October 2026 via checked.be.