LUXO: 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.
LUXO
Largest movements
- Tangible fixed assets -€37,493
down €37,493 (-7.4%), from €504,357 to €466,864
of which Land and buildings: -€31,856
- Current investments +€12,000
up €12,000 (+168.3%), from €7,128 to €19,128
- Cash +€10,938
up €10,938 (+13.8%), from €79,003 to €89,941
mainly Other debts (+€230,000) and Net result for the year (+€61,896)
- Profit (loss) carried forward -€230,644
no longer reported in 2025 (was €230,644)
- Other debts +€230,000
new in 2025: €230,000
- Debts after one year -€81,016
down €81,016 (-19.8%), from €409,351 to €328,335
of which Financial debts: -€51,051
- Reserves +€62,540
new in 2025: €62,540
- Gross operating margin +€16,388
up €16,388 (+10.5%), from €155,770 to €172,158
- Taxes +€8,601
up €8,601 (+47.3%), from €18,166 to €26,768
- Staff costs +€7,889
up €7,889 (+37.8%), from €20,855 to €28,744
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 | €722,975 | €708,887 | -€14,088 | -1.9% |
| Fixed assets | 21/28 | €504,357 | €466,864 | -€37,493 | -7.4% |
| Tangible fixed assets | 22/27 | €504,357 | €466,864 | -€37,493 | -7.4% |
| Land and buildings | 22 | €471,848 | €439,993 | -€31,856 | -6.8% |
| Plant, machinery and equipment | 23 | €32,508 | €26,871 | -€5,637 | -17.3% |
| Current assets | 29/58 | €218,618 | €242,023 | +€23,404 | +10.7% |
| Stocks and contracts in progress | 3 | €130,872 | €130,325 | -€547 | -0.4% |
| Stocks | 30/36 | €130,872 | €130,325 | -€547 | -0.4% |
| Amounts receivable within one year | 40/41 | €250 | €1,613 | +€1,363 | +545.0% |
| Trade receivables | 40 | €250 | €1,613 | +€1,363 | +545.0% |
| Current investments | 50/53 | €7,128 | €19,128 | +€12,000 | +168.3% |
| Cash at bank and in hand | 54/58 | €79,003 | €89,941 | +€10,938 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,016 | -€349 | -25.6% |
| Total equity and liabilities | 10/49 | €722,975 | €708,887 | -€14,088 | -1.9% |
| Equity | 10/15 | €240,644 | €72,540 | -€168,104 | -69.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €62,540 | +€62,540 | |
| Distributable reserves | 133 | - | €62,540 | +€62,540 | |
| Profit (loss) carried forward | 14 | €230,644 | - | -€230,644 | |
| Amounts payable | 17/49 | €482,331 | €636,347 | +€154,016 | +31.9% |
| Amounts payable after more than one year | 17 | €409,351 | €328,335 | -€81,016 | -19.8% |
| Financial debts | 170/4 | €328,455 | €277,404 | -€51,051 | -15.5% |
| Other amounts payable | 178/9 | €80,897 | €50,931 | -€29,966 | -37.0% |
| Amounts payable within one year | 42/48 | €72,979 | €307,873 | +€234,893 | +321.9% |
| Current portion of amounts payable after more than one year | 42 | €51,869 | €51,201 | -€668 | -1.3% |
| Trade debts | 44 | €3,553 | €3,208 | -€345 | -9.7% |
| Suppliers | 440/4 | €3,553 | €3,208 | -€345 | -9.7% |
| Advances received on contracts in progress | 46 | €703 | €703 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,855 | €22,761 | +€5,906 | +35.0% |
| Taxes | 450/3 | €13,388 | €20,269 | +€6,881 | +51.4% |
| Remuneration and social security | 454/9 | €3,466 | €2,491 | -€975 | -28.1% |
| Other amounts payable | 47/48 | - | €230,000 | +€230,000 | |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Remuneration, social security and pensions | 62 | €20,855 | €28,744 | +€7,889 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,866 | €40,993 | +€1,127 | +2.8% |
| Other operating charges | 640/8 | €5,283 | €5,027 | -€256 | -4.8% |
| Gross operating margin | 9900 | €155,770 | €172,158 | +€16,388 | +10.5% |
| Operating profit (loss) | 9901 | €89,765 | €97,393 | +€7,628 | +8.5% |
| Financial income | 75/76B | €1,077 | €1,351 | +€273 | +25.4% |
| Recurring financial income | 75 | €1,077 | €1,351 | +€273 | +25.4% |
| Financial charges | 65/66B | €10,378 | €10,081 | -€297 | -2.9% |
| Recurring financial charges | 65 | €10,378 | €10,081 | -€297 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €80,465 | €88,663 | +€8,198 | +10.2% |
| Income taxes | 67/77 | €18,166 | €26,768 | +€8,601 | +47.3% |
| Profit (loss) for the period | 9904 | €62,299 | €61,896 | -€403 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,299 | €61,896 | -€403 | -0.6% |
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 3 October 2026 via checked.be.