LUXEL: 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.
LUXEL
Largest movements
- Tangible fixed assets +€2,835
up €2,835 (+220%), from €1,290 to €4,124
of which Furniture and vehicles: +€2,844
- Receivables within one year +€480
up €480 (+25.7%), from €1,867 to €2,347
of which Trade receivables: +€330
- Cash +€358
up €358 (+18.3%), from €1,957 to €2,315
mainly Other debts (+€11,976) and Depreciation (+€504)
- Stocks and contracts -€334
down €334 (-23.0%), from €1,453 to €1,119
- Other debts +€11,976
up €11,976 (+36.5%), from €32,844 to €44,820
- Profit (loss) carried forward -€8,634
down €8,634 (-19.0%), from -€45,456 to -€54,090
- Gross operating margin -€10,746
down €10,746, from €4,684 to -€6,062
- Depreciation -€310
down €310 (-38.0%), from €814 to €504
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 | €6,567 | €9,906 | +€3,339 | +50.8% |
| Fixed assets | 21/28 | €1,290 | €4,124 | +€2,835 | +220% |
| Tangible fixed assets | 22/27 | €1,290 | €4,124 | +€2,835 | +220% |
| Plant, machinery and equipment | 23 | €9 | €0 | -€9 | -100% |
| Furniture and vehicles | 24 | €1,281 | €4,124 | +€2,844 | +222% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €5,278 | €5,781 | +€504 | +9.5% |
| Stocks and contracts in progress | 3 | €1,453 | €1,119 | -€334 | -23.0% |
| Stocks | 30/36 | €1,453 | €1,119 | -€334 | -23.0% |
| Amounts receivable within one year | 40/41 | €1,867 | €2,347 | +€480 | +25.7% |
| Trade receivables | 40 | €0 | €330 | +€330 | |
| Other amounts receivable | 41 | €1,867 | €2,017 | +€149 | +8.0% |
| Cash at bank and in hand | 54/58 | €1,957 | €2,315 | +€358 | +18.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,567 | €9,906 | +€3,339 | +50.8% |
| Equity | 10/15 | -€26,856 | -€35,490 | -€8,634 | -32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,456 | -€54,090 | -€8,634 | -19.0% |
| Amounts payable | 17/49 | €33,423 | €45,395 | +€11,973 | +35.8% |
| Amounts payable within one year | 42/48 | €33,423 | €45,395 | +€11,973 | +35.8% |
| Trade debts | 44 | €579 | €575 | -€4 | -0.6% |
| Suppliers | 440/4 | €579 | €575 | -€4 | -0.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,844 | €44,820 | +€11,976 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814 | €504 | -€310 | -38.0% |
| Other operating charges | 640/8 | €1,398 | €1,347 | -€51 | -3.7% |
| Non-recurring operating charges | 66A | €993 | €0 | -€993 | -100% |
| Gross operating margin | 9900 | €4,684 | -€6,062 | -€10,746 | |
| Operating profit (loss) | 9901 | €1,480 | -€7,913 | -€9,392 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €664 | €721 | +€58 | +8.7% |
| Recurring financial charges | 65 | €664 | €721 | +€58 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €816 | -€8,634 | -€9,450 | |
| Profit (loss) for the period | 9904 | €816 | -€8,634 | -€9,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €816 | -€8,634 | -€9,450 |
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 16 October 2026 via checked.be.