LUXANO: 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.
LUXANO
Largest movements
- Receivables within one year -€14,117
down €14,117 (-27.8%), from €50,693 to €36,576
of which Trade receivables: -€13,698
- Cash -€13,363
down €13,363 (-44.7%), from €29,891 to €16,528
mainly Contributions, distributions and other (-€116,720) and Investment in fixed assets (net) (-€21,506)
- Reserves -€85,350
down €85,350 (-75.7%), from €112,698 to €27,348
of which Distributable reserves: -€85,350
- Other debts +€62,347
up €62,347 (+883.3%), from €7,058 to €69,405
- Debts after one year -€11,026
down €11,026 (-4.6%), from €238,916 to €227,891
- Staff costs -€8,672
down €8,672 (-39.7%), from €21,835 to €13,163
- Depreciation +€3,593
up €3,593 (+16.4%), from €21,902 to €25,495
- Other operating charges +€1,648
up €1,648 (+109.5%), from €1,505 to €3,153
- Taxes +€1,251
up €1,251 (+13.1%), from €9,582 to €10,833
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 | €401,599 | €368,813 | -€32,786 | -8.2% |
| Fixed assets | 21/28 | €308,006 | €304,018 | -€3,989 | -1.3% |
| Tangible fixed assets | 22/27 | €308,006 | €304,018 | -€3,989 | -1.3% |
| Land and buildings | 22 | €270,952 | €276,788 | +€5,835 | +2.2% |
| Plant, machinery and equipment | 23 | €1,074 | €710 | -€364 | -33.9% |
| Furniture and vehicles | 24 | €20,069 | €15,155 | -€4,914 | -24.5% |
| Leasing and similar rights | 25 | €15,911 | €11,365 | -€4,546 | -28.6% |
| Current assets | 29/58 | €93,593 | €64,795 | -€28,797 | -30.8% |
| Amounts receivable within one year | 40/41 | €50,693 | €36,576 | -€14,117 | -27.8% |
| Trade receivables | 40 | €45,275 | €31,576 | -€13,698 | -30.3% |
| Other amounts receivable | 41 | €5,418 | €5,000 | -€418 | -7.7% |
| Current investments | 50/53 | €13,009 | €11,691 | -€1,317 | -10.1% |
| Cash at bank and in hand | 54/58 | €29,891 | €16,528 | -€13,363 | -44.7% |
| Total equity and liabilities | 10/49 | €401,599 | €368,813 | -€32,786 | -8.2% |
| Equity | 10/15 | €131,298 | €45,948 | -€85,350 | -65.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,698 | €27,348 | -€85,350 | -75.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,838 | €25,488 | -€85,350 | -77.0% |
| Amounts payable | 17/49 | €270,301 | €322,865 | +€52,564 | +19.4% |
| Amounts payable after more than one year | 17 | €238,916 | €227,891 | -€11,026 | -4.6% |
| Financial debts | 170/4 | €238,916 | €227,891 | -€11,026 | -4.6% |
| Amounts payable within one year | 42/48 | €31,385 | €94,974 | +€63,590 | +202.6% |
| Current portion of amounts payable after more than one year | 42 | €13,067 | €14,614 | +€1,546 | +11.8% |
| Trade debts | 44 | €1,181 | €4,028 | +€2,847 | +241.1% |
| Suppliers | 440/4 | €1,181 | €4,028 | +€2,847 | +241.1% |
| Taxes, remuneration and social security | 45 | €10,078 | €6,927 | -€3,151 | -31.3% |
| Taxes | 450/3 | €10,078 | €6,927 | -€3,151 | -31.3% |
| Other amounts payable | 47/48 | €7,058 | €69,405 | +€62,347 | +883.3% |
| Remuneration, social security and pensions | 62 | €21,835 | €13,163 | -€8,672 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,902 | €25,495 | +€3,593 | +16.4% |
| Other operating charges | 640/8 | €1,505 | €3,153 | +€1,648 | +109.5% |
| Gross operating margin | 9900 | €87,795 | €88,400 | +€605 | +0.7% |
| Operating profit (loss) | 9901 | €42,553 | €46,589 | +€4,036 | +9.5% |
| Financial income | 75/76B | €0 | €58 | +€58 | +289700.0% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +289700.0% |
| Financial charges | 65/66B | €4,137 | €4,444 | +€307 | +7.4% |
| Recurring financial charges | 65 | €4,137 | €4,444 | +€307 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €38,416 | €42,203 | +€3,787 | +9.9% |
| Income taxes | 67/77 | €9,582 | €10,833 | +€1,251 | +13.1% |
| Profit (loss) for the period | 9904 | €28,834 | €31,371 | +€2,536 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,834 | €31,371 | +€2,536 | +8.8% |
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 9 October 2026 via checked.be.