LUXOR: 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.
LUXOR
Largest movements
- Cash +€28,698
up €28,698 (+80.5%), from €35,655 to €64,353
mainly Trade debts (+€40,525) and Accrued charges and deferred income (+€17,929)
- Deferred charges and accrued income +€19,649
new in 2025: €19,649
- Receivables within one year -€16,767
down €16,767 (-4.9%), from €343,490 to €326,724
of which Trade receivables: -€20,838
- Tangible fixed assets -€8,763
down €8,763 (-4.1%), from €213,894 to €205,131
of which Land and buildings: -€5,455
- Current investments +€8,489
up €8,489 (+22.5%), from €37,781 to €46,270
- Trade debts +€40,525
up €40,525 (+91.1%), from €44,505 to €85,030
- Other debts -€29,784
down €29,784 (-61.7%), from €48,236 to €18,452
- Accrued charges and deferred income +€17,929
up €17,929 (+47.1%), from €38,087 to €56,016
- Reserves +€8,468
up €8,468 (+3.5%), from €244,764 to €253,232
- Gross operating margin -€57,003
down €57,003 (-62.5%), from €91,167 to €34,164
- Taxes -€16,498
down €16,498 (-78.3%), from €21,061 to €4,563
- Other operating charges -€5,378
down €5,378 (-66.5%), from €8,089 to €2,711
- Financial charges -€1,938
down €1,938 (-17.6%), from €11,026 to €9,088
- Depreciation -€1,687
down €1,687 (-11.9%), from €14,130 to €12,444
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 | €709,320 | €740,627 | +€31,307 | +4.4% |
| Fixed assets | 21/28 | €213,894 | €205,131 | -€8,763 | -4.1% |
| Tangible fixed assets | 22/27 | €213,894 | €205,131 | -€8,763 | -4.1% |
| Land and buildings | 22 | €203,384 | €197,929 | -€5,455 | -2.7% |
| Plant, machinery and equipment | 23 | €859 | €0 | -€859 | -100.0% |
| Furniture and vehicles | 24 | €9,651 | €7,202 | -€2,449 | -25.4% |
| Current assets | 29/58 | €495,427 | €535,497 | +€40,070 | +8.1% |
| Amounts receivable after more than one year | 29 | €78,500 | €78,500 | = | 0.0% |
| Other amounts receivable | 291 | €78,500 | €78,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €343,490 | €326,724 | -€16,767 | -4.9% |
| Trade receivables | 40 | €339,879 | €319,041 | -€20,838 | -6.1% |
| Other amounts receivable | 41 | €3,611 | €7,683 | +€4,071 | +112.7% |
| Current investments | 50/53 | €37,781 | €46,270 | +€8,489 | +22.5% |
| Cash at bank and in hand | 54/58 | €35,655 | €64,353 | +€28,698 | +80.5% |
| Deferred charges and accrued income | 490/1 | - | €19,649 | +€19,649 | |
| Total equity and liabilities | 10/49 | €709,320 | €740,627 | +€31,307 | +4.4% |
| Equity | 10/15 | €383,384 | €391,851 | +€8,468 | +2.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €244,764 | €253,232 | +€8,468 | +3.5% |
| Distributable reserves | 133 | €244,764 | €253,232 | +€8,468 | +3.5% |
| Profit (loss) carried forward | 14 | €113,830 | €113,830 | = | 0.0% |
| Amounts payable | 17/49 | €325,937 | €348,776 | +€22,839 | +7.0% |
| Amounts payable after more than one year | 17 | €2,436 | €0 | -€2,436 | -100.0% |
| Financial debts | 170/4 | €2,436 | €0 | -€2,436 | -100.0% |
| Amounts payable within one year | 42/48 | €285,413 | €292,760 | +€7,347 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €4,112 | €2,436 | -€1,675 | -40.7% |
| Financial debts | 43 | €135,000 | €135,792 | +€792 | +0.6% |
| Credit institutions | 430/8 | €135,000 | €135,792 | +€792 | +0.6% |
| Trade debts | 44 | €44,505 | €85,030 | +€40,525 | +91.1% |
| Suppliers | 440/4 | €44,505 | €85,030 | +€40,525 | +91.1% |
| Taxes, remuneration and social security | 45 | €53,561 | €51,050 | -€2,511 | -4.7% |
| Taxes | 450/3 | €16,061 | €0 | -€16,061 | -100.0% |
| Remuneration and social security | 454/9 | €37,500 | €51,050 | +€13,550 | +36.1% |
| Other amounts payable | 47/48 | €48,236 | €18,452 | -€29,784 | -61.7% |
| Accrued charges and deferred income | 492/3 | €38,087 | €56,016 | +€17,929 | +47.1% |
| Non-recurring operating income | 76A | - | €18,380 | +€18,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,130 | €12,444 | -€1,687 | -11.9% |
| Other operating charges | 640/8 | €8,089 | €2,711 | -€5,378 | -66.5% |
| Gross operating margin | 9900 | €91,167 | €34,164 | -€57,003 | -62.5% |
| Operating profit (loss) | 9901 | €68,947 | €19,009 | -€49,938 | -72.4% |
| Financial income | 75/76B | €3,356 | €3,109 | -€247 | -7.4% |
| Recurring financial income | 75 | €3,356 | €3,109 | -€247 | -7.4% |
| Financial charges | 65/66B | €11,026 | €9,088 | -€1,938 | -17.6% |
| Recurring financial charges | 65 | €11,026 | €9,088 | -€1,938 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €61,277 | €13,030 | -€48,247 | -78.7% |
| Income taxes | 67/77 | €21,061 | €4,563 | -€16,498 | -78.3% |
| Profit (loss) for the period | 9904 | €40,216 | €8,468 | -€31,749 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,216 | €8,468 | -€31,749 | -78.9% |
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 7 October 2026 via checked.be.