LUXOR: 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.
LUXOR
Largest movements
- Cash +€107,572
up €107,572 (+340.5%), from €31,596 to €139,168
mainly Trade debts (+€78,875) and Net result for the year (+€36,616)
- Receivables after one year +€29,657
up €29,657 (+20.7%), from €143,542 to €173,199
- Receivables within one year -€18,679
no longer reported in 2025 (was €18,679)
of which Other amounts receivable: -€12,803
- Trade debts +€78,875
up €78,875 (+495.1%), from €15,930 to €94,806
- Other debts +€27,328
up €27,328 (+317.1%), from €8,618 to €35,945
- Advances received -€26,541
no longer reported in 2025 (was €26,541)
- Tax, wage and social debts +€25,759
up €25,759 (+26.0%), from €99,154 to €124,913
of which Taxes: +€37,815
- Current portion of long-term debt +€5,975
up €5,975 (+42.4%), from €14,105 to €20,080
- Gross operating margin +€71,732
up €71,732 (+22.5%), from €319,309 to €391,041
- Taxes +€20,502
up €20,502 (+538.0%), from €3,811 to €24,313
- Staff costs -€12,502
down €12,502 (-4.1%), from €305,097 to €292,595
- Depreciation +€5,489
up €5,489 (+19.8%), from €27,781 to €33,271
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 | €342,848 | €459,773 | +€116,925 | +34.1% |
| Fixed assets | 21/28 | €149,006 | €147,388 | -€1,618 | -1.1% |
| Tangible fixed assets | 22/27 | €148,743 | €147,050 | -€1,693 | -1.1% |
| Land and buildings | 22 | €90,383 | €82,851 | -€7,532 | -8.3% |
| Plant, machinery and equipment | 23 | €4,304 | €2,948 | -€1,357 | -31.5% |
| Furniture and vehicles | 24 | €5,149 | €2,943 | -€2,206 | -42.8% |
| Leasing and similar rights | 25 | €45,751 | €56,205 | +€10,453 | +22.8% |
| Other tangible fixed assets | 26 | €3,155 | €2,103 | -€1,052 | -33.3% |
| Financial fixed assets | 28 | €263 | €338 | +€75 | +28.5% |
| Current assets | 29/58 | €193,842 | €312,385 | +€118,543 | +61.2% |
| Amounts receivable after more than one year | 29 | €143,542 | €173,199 | +€29,657 | +20.7% |
| Other amounts receivable | 291 | €143,542 | €173,199 | +€29,657 | +20.7% |
| Amounts receivable within one year | 40/41 | €18,679 | - | -€18,679 | |
| Trade receivables | 40 | €5,876 | - | -€5,876 | |
| Other amounts receivable | 41 | €12,803 | - | -€12,803 | |
| Cash at bank and in hand | 54/58 | €31,596 | €139,168 | +€107,572 | +340.5% |
| Deferred charges and accrued income | 490/1 | €25 | €18 | -€7 | -28.2% |
| Total equity and liabilities | 10/49 | €342,848 | €459,773 | +€116,925 | +34.1% |
| Equity | 10/15 | €145,725 | €146,396 | +€670 | +0.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €111,988 | €112,658 | +€670 | +0.6% |
| Distributable reserves | 133 | €111,988 | €112,658 | +€670 | +0.6% |
| Profit (loss) carried forward | 14 | €27,540 | €27,540 | = | 0.0% |
| Amounts payable | 17/49 | €197,123 | €313,377 | +€116,254 | +59.0% |
| Amounts payable after more than one year | 17 | €32,774 | €37,633 | +€4,858 | +14.8% |
| Financial debts | 170/4 | €32,774 | €37,633 | +€4,858 | +14.8% |
| Amounts payable within one year | 42/48 | €164,349 | €275,745 | +€111,396 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €14,105 | €20,080 | +€5,975 | +42.4% |
| Trade debts | 44 | €15,930 | €94,806 | +€78,875 | +495.1% |
| Suppliers | 440/4 | €15,930 | €94,806 | +€78,875 | +495.1% |
| Advances received on contracts in progress | 46 | €26,541 | - | -€26,541 | |
| Taxes, remuneration and social security | 45 | €99,154 | €124,913 | +€25,759 | +26.0% |
| Taxes | 450/3 | €23,207 | €61,021 | +€37,815 | +162.9% |
| Remuneration and social security | 454/9 | €75,948 | €63,892 | -€12,056 | -15.9% |
| Other amounts payable | 47/48 | €8,618 | €35,945 | +€27,328 | +317.1% |
| Remuneration, social security and pensions | 62 | €305,097 | €292,595 | -€12,502 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,781 | €33,271 | +€5,489 | +19.8% |
| Other operating charges | 640/8 | €1,409 | €1,192 | -€217 | -15.4% |
| Gross operating margin | 9900 | €319,309 | €391,041 | +€71,732 | +22.5% |
| Operating profit (loss) | 9901 | -€14,978 | €63,983 | +€78,961 | |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €2,824 | €3,105 | +€282 | +10.0% |
| Recurring financial charges | 65 | €2,824 | €3,105 | +€282 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,802 | €60,928 | +€78,730 | |
| Income taxes | 67/77 | €3,811 | €24,313 | +€20,502 | +538.0% |
| Profit (loss) for the period | 9904 | -€21,612 | €36,616 | +€58,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,612 | €36,616 | +€58,228 |
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 10 October 2026 via checked.be.