LUXABO: what changed
Two fiscal 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.
LUXABO
Largest movements
- Cash -€17,240
down €17,240 (-17.2%), from €100,007 to €82,768
mainly Contributions, distributions and other (-€32,242) and Investment in fixed assets (net) (-€12,851)
- Receivables within one year +€8,523
up €8,523 (+17.7%), from €48,170 to €56,693
of which Trade receivables: +€8,523
- Intangible fixed assets +€3,795
new in 2025: €3,795
- Other debts +€25,536
up €25,536 (+352.2%), from €7,250 to €32,786
- Reserves -€18,187
down €18,187 (-9.5%), from €191,295 to €173,108
- Trade debts -€10,102
down €10,102 (-14.5%), from €69,858 to €59,755
- Gross operating margin +€3,471
up €3,471 (+2.4%), from €143,689 to €147,159
- Staff costs +€3,022
up €3,022 (+2.6%), from €115,532 to €118,554
- Depreciation +€2,881
up €2,881 (+43.7%), from €6,599 to €9,480
- Other operating charges -€1,932
down €1,932 (-39.3%), from €4,922 to €2,990
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.
Cash bridge derived
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 | €323,126 | €321,084 | -€2,042 | -0.6% |
| Fixed assets | 21/28 | €19,091 | €22,462 | +€3,371 | +17.7% |
| Intangible fixed assets | 21 | - | €3,795 | +€3,795 | |
| Tangible fixed assets | 22/27 | €19,091 | €18,667 | -€424 | -2.2% |
| Furniture and vehicles | 24 | €17,713 | €16,029 | -€1,683 | -9.5% |
| Other tangible fixed assets | 26 | €1,378 | €2,637 | +€1,259 | +91.4% |
| Current assets | 29/58 | €304,035 | €298,622 | -€5,412 | -1.8% |
| Stocks and contracts in progress | 3 | €153,642 | €156,846 | +€3,204 | +2.1% |
| Stocks | 30/36 | €153,642 | €156,846 | +€3,204 | +2.1% |
| Amounts receivable within one year | 40/41 | €48,170 | €56,693 | +€8,523 | +17.7% |
| Trade receivables | 40 | €48,170 | €56,693 | +€8,523 | +17.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €100,007 | €82,768 | -€17,240 | -17.2% |
| Deferred charges and accrued income | 490/1 | €2,216 | €2,316 | +€100 | +4.5% |
| Total equity and liabilities | 10/49 | €323,126 | €321,084 | -€2,042 | -0.6% |
| Equity | 10/15 | €210,045 | €191,858 | -€18,187 | -8.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €191,295 | €173,108 | -€18,187 | -9.5% |
| Distributable reserves | 133 | €191,295 | €173,108 | -€18,187 | -9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,080 | €129,225 | +€16,145 | +14.3% |
| Amounts payable within one year | 42/48 | €111,318 | €127,625 | +€16,307 | +14.6% |
| Trade debts | 44 | €69,858 | €59,755 | -€10,102 | -14.5% |
| Suppliers | 440/4 | €69,858 | €59,755 | -€10,102 | -14.5% |
| Advances received on contracts in progress | 46 | €300 | €1,307 | +€1,007 | +335.6% |
| Taxes, remuneration and social security | 45 | €33,911 | €33,777 | -€134 | -0.4% |
| Taxes | 450/3 | €17,316 | €16,481 | -€835 | -4.8% |
| Remuneration and social security | 454/9 | €16,595 | €17,296 | +€701 | +4.2% |
| Other amounts payable | 47/48 | €7,250 | €32,786 | +€25,536 | +352.2% |
| Accrued charges and deferred income | 492/3 | €1,762 | €1,600 | -€162 | -9.2% |
| Remuneration, social security and pensions | 62 | €115,532 | €118,554 | +€3,022 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,599 | €9,480 | +€2,881 | +43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€535 | -€535 | |
| Other operating charges | 640/8 | €4,922 | €2,990 | -€1,932 | -39.3% |
| Gross operating margin | 9900 | €143,689 | €147,159 | +€3,471 | +2.4% |
| Operating profit (loss) | 9901 | €16,637 | €16,670 | +€34 | +0.2% |
| Financial income | 75/76B | €2,517 | €2,708 | +€191 | +7.6% |
| Recurring financial income | 75 | €2,517 | €2,708 | +€191 | +7.6% |
| Financial charges | 65/66B | €205 | €200 | -€5 | -2.5% |
| Recurring financial charges | 65 | €205 | €200 | -€5 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €18,949 | €19,179 | +€229 | +1.2% |
| Income taxes | 67/77 | €5,516 | €5,123 | -€393 | -7.1% |
| Profit (loss) for the period | 9904 | €13,433 | €14,055 | +€622 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,433 | €14,055 | +€622 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.