LUXAVO: 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.
LUXAVO
Largest movements
- Receivables within one year +€17,323
up €17,323 (+15.3%), from €113,159 to €130,482
of which Other amounts receivable: +€19,844
- Tangible fixed assets -€16,339
down €16,339 (-6.2%), from €264,527 to €248,187
of which Land and buildings: -€16,152
- Debts after one year -€69,931
down €69,931 (-13.4%), from €521,523 to €451,593
of which Financial debts: -€69,931
- Other debts +€60,200
up €60,200 (+24.4%), from €247,109 to €307,309
- Profit (loss) carried forward +€11,116
up €11,116, from -€4,954 to €6,162
- Gross operating margin +€17,704
up €17,704 (+57.0%), from €31,057 to €48,762
- Financial charges -€3,927
down €3,927 (-18.5%), from €21,254 to €17,327
- Other operating charges +€702
up €702 (+21.4%), from €3,278 to €3,980
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 | €946,523 | €947,682 | +€1,159 | +0.1% |
| Fixed assets | 21/28 | €828,027 | €811,687 | -€16,339 | -2.0% |
| Tangible fixed assets | 22/27 | €264,527 | €248,187 | -€16,339 | -6.2% |
| Land and buildings | 22 | €263,570 | €247,418 | -€16,152 | -6.1% |
| Plant, machinery and equipment | 23 | €957 | €769 | -€188 | -19.6% |
| Financial fixed assets | 28 | €563,500 | €563,500 | = | 0.0% |
| Current assets | 29/58 | €118,496 | €135,995 | +€17,499 | +14.8% |
| Amounts receivable within one year | 40/41 | €113,159 | €130,482 | +€17,323 | +15.3% |
| Trade receivables | 40 | €25,043 | €22,523 | -€2,520 | -10.1% |
| Other amounts receivable | 41 | €88,115 | €107,959 | +€19,844 | +22.5% |
| Cash at bank and in hand | 54/58 | €1,884 | €2,911 | +€1,027 | +54.5% |
| Deferred charges and accrued income | 490/1 | €3,454 | €2,602 | -€852 | -24.7% |
| Total equity and liabilities | 10/49 | €946,523 | €947,682 | +€1,159 | +0.1% |
| Equity | 10/15 | €97,075 | €108,191 | +€11,116 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,429 | €83,429 | = | 0.0% |
| Distributable reserves | 133 | €83,429 | €83,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,954 | €6,162 | +€11,116 | |
| Amounts payable | 17/49 | €849,448 | €839,491 | -€9,957 | -1.2% |
| Amounts payable after more than one year | 17 | €521,523 | €451,593 | -€69,931 | -13.4% |
| Financial debts | 170/4 | €427,523 | €357,593 | -€69,931 | -16.4% |
| Other amounts payable | 178/9 | €94,000 | €94,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,924 | €387,898 | +€59,974 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €78,908 | €79,097 | +€189 | +0.2% |
| Trade debts | 44 | €1,413 | €998 | -€415 | -29.4% |
| Suppliers | 440/4 | €1,413 | €998 | -€415 | -29.4% |
| Taxes, remuneration and social security | 45 | €494 | €494 | = | 0.0% |
| Taxes | 450/3 | €494 | €494 | = | 0.0% |
| Other amounts payable | 47/48 | €247,109 | €307,309 | +€60,200 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,339 | €16,339 | = | 0.0% |
| Other operating charges | 640/8 | €3,278 | €3,980 | +€702 | +21.4% |
| Gross operating margin | 9900 | €31,057 | €48,762 | +€17,704 | +57.0% |
| Operating profit (loss) | 9901 | €11,440 | €28,443 | +€17,002 | +149% |
| Financial income | 75/76B | €101 | €0 | -€101 | -100% |
| Recurring financial income | 75 | €101 | €0 | -€101 | -100% |
| Financial charges | 65/66B | €21,254 | €17,327 | -€3,927 | -18.5% |
| Recurring financial charges | 65 | €21,254 | €17,327 | -€3,927 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,713 | €11,116 | +€20,829 | |
| Profit (loss) for the period | 9904 | -€9,713 | €11,116 | +€20,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,713 | €11,116 | +€20,829 |
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.