LUX WAREHOUSING: 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 WAREHOUSING
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+2,929%), from €69,644 to €2.1m
of which Land and buildings: +€2.0m
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Cash +€115,312
up €115,312 (+26.2%), from €440,066 to €555,378
- Receivables within one year -€74,531
down €74,531 (-26.4%), from €282,742 to €208,211
of which Trade receivables: -€73,366
- Debts after one year +€550,000
new in 2025: €550,000
- Reserves +€500,000
up €500,000 (+50.0%), from €1.0m to €1.5m
- Current portion of long-term debt +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€137,851
up €137,851 (+38.8%), from €355,284 to €493,135
- Trade debts -€80,028
down €80,028 (-75.6%), from €105,915 to €25,887
- Gross operating margin +€711,406
up €711,406 (+149%), from €478,262 to €1.2m
- Taxes +€173,574
up €173,574 (+350%), from €49,632 to €223,206
- Other operating charges +€38,556
up €38,556 (+1,751%), from €2,202 to €40,759
- Depreciation +€36,465
up €36,465 (+85.8%), from €42,518 to €78,982
- Financial income +€29,679
up €29,679 (+173%), from €17,188 to €46,867
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,557,571 | €2,874,080 | +€1.3m | +84.5% |
| Fixed assets | 21/28 | €84,192 | €2,109,305 | +€2.0m | +2,405% |
| Intangible fixed assets | 21 | €14,548 | - | -€14,548 | |
| Tangible fixed assets | 22/27 | €69,644 | €2,109,305 | +€2.0m | +2,929% |
| Land and buildings | 22 | - | €1,996,621 | +€2.0m | |
| Plant, machinery and equipment | 23 | €49,067 | €53,179 | +€4,112 | +8.4% |
| Furniture and vehicles | 24 | €20,577 | €59,505 | +€38,928 | +189% |
| Current assets | 29/58 | €1,473,379 | €764,775 | -€708,604 | -48.1% |
| Amounts receivable within one year | 40/41 | €282,742 | €208,211 | -€74,531 | -26.4% |
| Trade receivables | 40 | €281,577 | €208,211 | -€73,366 | -26.1% |
| Other amounts receivable | 41 | €1,165 | - | -€1,165 | |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €440,066 | €555,378 | +€115,312 | +26.2% |
| Deferred charges and accrued income | 490/1 | €571 | €1,186 | +€615 | +108% |
| Total equity and liabilities | 10/49 | €1,557,571 | €2,874,080 | +€1.3m | +84.5% |
| Equity | 10/15 | €1,361,484 | €1,999,335 | +€637,851 | +46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Distributable reserves | 133 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Profit (loss) carried forward | 14 | €355,284 | €493,135 | +€137,851 | +38.8% |
| Amounts payable | 17/49 | €196,086 | €874,745 | +€678,658 | +346% |
| Amounts payable after more than one year | 17 | - | €550,000 | +€550,000 | |
| Financial debts | 170/4 | - | €550,000 | +€550,000 | |
| Amounts payable within one year | 42/48 | €196,086 | €324,745 | +€128,658 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €105,915 | €25,887 | -€80,028 | -75.6% |
| Suppliers | 440/4 | €105,915 | €25,887 | -€80,028 | -75.6% |
| Taxes, remuneration and social security | 45 | €90,172 | €148,858 | +€58,686 | +65.1% |
| Taxes | 450/3 | €61,257 | €138,108 | +€76,852 | +125% |
| Remuneration and social security | 454/9 | €28,915 | €10,750 | -€18,165 | -62.8% |
| Remuneration, social security and pensions | 62 | €256,808 | €233,623 | -€23,185 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,518 | €78,982 | +€36,465 | +85.8% |
| Other operating charges | 640/8 | €2,202 | €40,759 | +€38,556 | +1,751% |
| Non-recurring operating charges | 66A | - | €14,548 | +€14,548 | |
| Gross operating margin | 9900 | €478,262 | €1,189,668 | +€711,406 | +149% |
| Operating profit (loss) | 9901 | €176,734 | €821,756 | +€645,022 | +365% |
| Financial income | 75/76B | €17,188 | €46,867 | +€29,679 | +173% |
| Recurring financial income | 75 | €17,188 | €46,867 | +€29,679 | +173% |
| Financial charges | 65/66B | €400 | €7,566 | +€7,166 | +1,791% |
| Recurring financial charges | 65 | €400 | €7,566 | +€7,166 | +1,791% |
| Profit (loss) for the period before taxes | 9903 | €193,522 | €861,057 | +€667,535 | +345% |
| Income taxes | 67/77 | €49,632 | €223,206 | +€173,574 | +350% |
| Profit (loss) for the period | 9904 | €143,890 | €637,851 | +€493,961 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €143,890 | €637,851 | +€493,961 | +343% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.