LUXE SAT: 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.
LUXE SAT
Largest movements
- Stocks and contracts -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
- Receivables within one year -€3,055
no longer reported in 2025 (was €3,055)
of which Trade receivables: -€1,596
- Deferred charges and accrued income -€662
no longer reported in 2025 (was €662)
- Cash -€591
down €591 (-13.4%), from €4,424 to €3,832
mainly Net result for the year (-€12,547) and Other debts (-€1,316)
- Profit (loss) carried forward -€12,547
down €12,547 (-349.9%), from -€3,586 to -€16,133
- Tax, wage and social debts +€3,880
new in 2025: €3,880
- Other debts -€1,316
down €1,316 (-6.3%), from €20,832 to €19,517
- Trade debts +€675
up €675 (+36.6%), from €1,844 to €2,519
- Gross operating margin -€12,516
down €12,516, from €564 to -€11,952
- Other operating charges -€188
down €188 (-31.9%), from €587 to €400
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 | €38,190 | €28,882 | -€9,308 | -24.4% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €38,140 | €28,832 | -€9,308 | -24.4% |
| Stocks and contracts in progress | 3 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Stocks | 30/36 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €3,055 | - | -€3,055 | |
| Trade receivables | 40 | €1,596 | - | -€1,596 | |
| Other amounts receivable | 41 | €1,460 | - | -€1,460 | |
| Cash at bank and in hand | 54/58 | €4,424 | €3,832 | -€591 | -13.4% |
| Deferred charges and accrued income | 490/1 | €662 | - | -€662 | |
| Total equity and liabilities | 10/49 | €38,190 | €28,882 | -€9,308 | -24.4% |
| Equity | 10/15 | €15,514 | €2,967 | -€12,547 | -80.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,586 | -€16,133 | -€12,547 | -349.9% |
| Amounts payable | 17/49 | €22,676 | €25,915 | +€3,239 | +14.3% |
| Amounts payable within one year | 42/48 | €22,676 | €25,915 | +€3,239 | +14.3% |
| Trade debts | 44 | €1,844 | €2,519 | +€675 | +36.6% |
| Suppliers | 440/4 | €1,844 | €2,519 | +€675 | +36.6% |
| Taxes, remuneration and social security | 45 | - | €3,880 | +€3,880 | |
| Taxes | 450/3 | - | €3,880 | +€3,880 | |
| Other amounts payable | 47/48 | €20,832 | €19,517 | -€1,316 | -6.3% |
| Other operating charges | 640/8 | €587 | €400 | -€188 | -31.9% |
| Gross operating margin | 9900 | €564 | -€11,952 | -€12,516 | |
| Operating profit (loss) | 9901 | -€23 | -€12,352 | -€12,328 | -52528.6% |
| Financial charges | 65/66B | €126 | €195 | +€69 | +55.2% |
| Recurring financial charges | 65 | €126 | €195 | +€69 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€149 | -€12,547 | -€12,398 | -8304.5% |
| Profit (loss) for the period | 9904 | -€149 | -€12,547 | -€12,398 | -8304.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€149 | -€12,547 | -€12,398 | -8304.5% |
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 12 October 2026 via checked.be.