Luxexcel: 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.
Luxexcel
Largest movements
- Receivables after one year -€17.0m
down €17.0m (-8.3%), from €203.7m to €186.7m
- Profit (loss) carried forward -€17.0m
down €17.0m (-8.8%), from €193.4m to €176.3m
- Financial charges +€24.3m
up €24.3m (+1886103826.4%), from €1 to €24.3m
- Financial income -€13.2m
down €13.2m (-64.0%), from €20.7m to €7.4m
- Taxes -€5.2m
down €5.2m (-97.7%), from €5.3m to €123,545
- Gross operating margin +€64,398
up €64,398, from -€61,796 to €2,602
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 | €213,130,710 | €196,094,637 | -€17.0m | -8.0% |
| Current assets | 29/58 | €213,130,710 | €196,094,637 | -€17.0m | -8.0% |
| Amounts receivable after more than one year | 29 | €203,653,157 | €186,699,946 | -€17.0m | -8.3% |
| Other amounts receivable | 291 | €203,653,157 | €186,699,946 | -€17.0m | -8.3% |
| Amounts receivable within one year | 40/41 | €943,933 | €1,202,512 | +€258,579 | +27.4% |
| Other amounts receivable | 41 | €943,933 | €1,202,512 | +€258,579 | +27.4% |
| Cash at bank and in hand | 54/58 | €8,533,620 | €8,192,179 | -€341,441 | -4.0% |
| Total equity and liabilities | 10/49 | €213,130,710 | €196,094,637 | -€17.0m | -8.0% |
| Equity | 10/15 | €195,494,668 | €178,482,361 | -€17.0m | -8.7% |
| Contributions | 10/11 | €1,944,000 | €1,944,000 | = | 0.0% |
| Capital | 10 | €1,944,000 | €1,944,000 | = | 0.0% |
| Issued capital | 100 | €1,944,000 | €1,944,000 | = | 0.0% |
| Reserves | 13 | €194,400 | €194,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €194,400 | €194,400 | = | 0.0% |
| Legal reserve | 130 | €194,400 | €194,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,356,268 | €176,343,961 | -€17.0m | -8.8% |
| Amounts payable | 17/49 | €17,636,042 | €17,612,277 | -€23,766 | -0.1% |
| Amounts payable within one year | 42/48 | €17,636,042 | €17,612,277 | -€23,766 | -0.1% |
| Trade debts | 44 | €23,766 | - | -€23,766 | |
| Suppliers | 440/4 | €23,766 | - | -€23,766 | |
| Other amounts payable | 47/48 | €17,612,277 | €17,612,277 | = | 0.0% |
| Gross operating margin | 9900 | -€61,796 | €2,602 | +€64,398 | |
| Operating profit (loss) | 9901 | -€61,796 | €2,602 | +€64,398 | |
| Financial income | 75/76B | €20,674,510 | €7,439,377 | -€13.2m | -64.0% |
| Recurring financial income | 75 | €20,674,510 | €7,439,377 | -€13.2m | -64.0% |
| Financial charges | 65/66B | €1 | €24,330,741 | +€24.3m | +1886103826.4% |
| Recurring financial charges | 65 | €1 | €24,330,741 | +€24.3m | +1886103826.4% |
| Profit (loss) for the period before taxes | 9903 | €20,612,712 | -€16,888,762 | -€37.5m | |
| Income taxes | 67/77 | €5,276,187 | €123,545 | -€5.2m | -97.7% |
| Profit (loss) for the period | 9904 | €15,336,526 | -€17,012,307 | -€32.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €15,336,526 | -€17,012,307 | -€32.3m |
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 6 October 2026 via checked.be.