LUXON: 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.
LUXON
Largest movements
- Current investments -€114,106
down €114,106 (-41.8%), from €272,797 to €158,691
- Cash +€99,630
up €99,630 (+207.9%), from €47,932 to €147,562
mainly Current investments (+€114,106) and Depreciation (+€29,607)
- Receivables within one year +€34,393
up €34,393 (+221.0%), from €15,560 to €49,953
- Tangible fixed assets -€29,607
down €29,607 (-2.1%), from €1.4m to €1.4m
of which Land and buildings: -€29,511
- Debts after one year -€26,148
down €26,148 (-6.2%), from €421,982 to €395,834
- Reserves +€22,975
up €22,975 (+1.5%), from €1.5m to €1.6m
of which Distributable reserves: +€28,656
- Gross operating margin +€23,152
up €23,152 (+74.5%), from €31,059 to €54,211
- Financial income +€8,588
up €8,588 (+52.5%), from €16,349 to €24,937
- Taxes +€2,866
new in 2025: €2,866
- Other operating charges +€1,456
up €1,456 (+19.6%), from €7,433 to €8,890
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 | €2,253,880 | €2,253,801 | -€79 | 0.0% |
| Fixed assets | 21/28 | €1,916,264 | €1,896,441 | -€19,823 | -1.0% |
| Tangible fixed assets | 22/27 | €1,426,939 | €1,397,332 | -€29,607 | -2.1% |
| Land and buildings | 22 | €1,426,843 | €1,397,332 | -€29,511 | -2.1% |
| Plant, machinery and equipment | 23 | €96 | €0 | -€96 | -100.0% |
| Financial fixed assets | 28 | €489,325 | €499,109 | +€9,784 | +2.0% |
| Current assets | 29/58 | €337,617 | €357,361 | +€19,744 | +5.8% |
| Amounts receivable within one year | 40/41 | €15,560 | €49,953 | +€34,393 | +221.0% |
| Other amounts receivable | 41 | €15,560 | €49,953 | +€34,393 | +221.0% |
| Current investments | 50/53 | €272,797 | €158,691 | -€114,106 | -41.8% |
| Cash at bank and in hand | 54/58 | €47,932 | €147,562 | +€99,630 | +207.9% |
| Deferred charges and accrued income | 490/1 | €1,329 | €1,155 | -€173 | -13.0% |
| Total equity and liabilities | 10/49 | €2,253,880 | €2,253,801 | -€79 | 0.0% |
| Equity | 10/15 | €1,743,643 | €1,766,618 | +€22,975 | +1.3% |
| Contributions | 10/11 | €209,000 | €209,000 | = | 0.0% |
| Reserves | 13 | €1,534,643 | €1,557,618 | +€22,975 | +1.5% |
| Tax-exempt reserves | 132 | €171,049 | €165,369 | -€5,681 | -3.3% |
| Distributable reserves | 133 | €1,363,594 | €1,392,249 | +€28,656 | +2.1% |
| Provisions and deferred taxes | 16 | €57,016 | €55,123 | -€1,894 | -3.3% |
| Deferred taxes | 168 | €57,016 | €55,123 | -€1,894 | -3.3% |
| Amounts payable | 17/49 | €453,220 | €432,060 | -€21,160 | -4.7% |
| Amounts payable after more than one year | 17 | €421,982 | €395,834 | -€26,148 | -6.2% |
| Financial debts | 170/4 | €421,982 | €395,834 | -€26,148 | -6.2% |
| Amounts payable within one year | 42/48 | €27,633 | €30,182 | +€2,549 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €25,244 | €26,148 | +€904 | +3.6% |
| Trade debts | 44 | €2,388 | €4,034 | +€1,646 | +68.9% |
| Suppliers | 440/4 | €2,388 | €4,034 | +€1,646 | +68.9% |
| Accrued charges and deferred income | 492/3 | €3,606 | €6,045 | +€2,439 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,790 | €29,607 | -€183 | -0.6% |
| Other operating charges | 640/8 | €7,433 | €8,890 | +€1,456 | +19.6% |
| Non-recurring operating charges | 66A | €3,719 | €0 | -€3,719 | -100.0% |
| Gross operating margin | 9900 | €31,059 | €54,211 | +€23,152 | +74.5% |
| Operating profit (loss) | 9901 | -€9,883 | €15,714 | +€25,597 | |
| Financial income | 75/76B | €16,349 | €24,937 | +€8,588 | +52.5% |
| Recurring financial income | 75 | €16,349 | €24,937 | +€8,588 | +52.5% |
| Financial charges | 65/66B | €16,448 | €16,704 | +€256 | +1.6% |
| Recurring financial charges | 65 | €16,448 | €16,704 | +€256 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,982 | €23,947 | +€33,929 | |
| Transfer from deferred taxes | 780 | €1,894 | €1,894 | = | 0.0% |
| Income taxes | 67/77 | - | €2,866 | +€2,866 | |
| Profit (loss) for the period | 9904 | -€8,089 | €22,975 | +€31,064 | |
| Transfer from tax-exempt reserves | 789 | €5,681 | €5,681 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,408 | €28,656 | +€31,064 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.