LUXPEN: 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.
LUXPEN
Largest movements
- Receivables within one year +€131,102
up €131,102 (+50.6%), from €258,882 to €389,984
of which Other amounts receivable: +€94,707
- Cash -€66,762
down €66,762 (-25.2%), from €265,236 to €198,474
mainly Receivables within one year (-€131,102) and Trade debts (-€18,400)
- Tangible fixed assets -€29,375
down €29,375 (-23.6%), from €124,454 to €95,079
of which Furniture and vehicles: -€24,288
- Reserves +€64,000
up €64,000 (+97.0%), from €66,000 to €130,000
- Trade debts -€18,400
down €18,400 (-86.2%), from €21,342 to €2,941
- Debts after one year -€13,684
down €13,684 (-26.6%), from €51,457 to €37,773
- Tax, wage and social debts +€11,991
up €11,991 (+43.9%), from €27,326 to €39,317
of which Remuneration and social security: +€7,920
- Advances received -€9,812
down €9,812 (-2.4%), from €407,372 to €397,560
- Gross operating margin +€167,012
up €167,012 (+77.7%), from €214,995 to €382,007
- Staff costs +€119,605
up €119,605 (+95.0%), from €125,912 to €245,517
- Depreciation +€15,562
up €15,562 (+99.1%), from €15,710 to €31,271
- Taxes +€9,376
up €9,376 (+34.4%), from €27,294 to €36,671
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 | €665,675 | €701,364 | +€35,689 | +5.4% |
| Fixed assets | 21/28 | €127,314 | €96,659 | -€30,655 | -24.1% |
| Tangible fixed assets | 22/27 | €124,454 | €95,079 | -€29,375 | -23.6% |
| Plant, machinery and equipment | 23 | €11,162 | €6,076 | -€5,087 | -45.6% |
| Furniture and vehicles | 24 | €113,292 | €89,004 | -€24,288 | -21.4% |
| Financial fixed assets | 28 | €2,860 | €1,580 | -€1,280 | -44.8% |
| Current assets | 29/58 | €538,361 | €604,704 | +€66,344 | +12.3% |
| Stocks and contracts in progress | 3 | €3,444 | €3,077 | -€368 | -10.7% |
| Stocks | 30/36 | €3,444 | €3,077 | -€368 | -10.7% |
| Amounts receivable within one year | 40/41 | €258,882 | €389,984 | +€131,102 | +50.6% |
| Trade receivables | 40 | €139,309 | €175,704 | +€36,395 | +26.1% |
| Other amounts receivable | 41 | €119,573 | €214,280 | +€94,707 | +79.2% |
| Cash at bank and in hand | 54/58 | €265,236 | €198,474 | -€66,762 | -25.2% |
| Deferred charges and accrued income | 490/1 | €10,798 | €13,170 | +€2,371 | +22.0% |
| Total equity and liabilities | 10/49 | €665,675 | €701,364 | +€35,689 | +5.4% |
| Equity | 10/15 | €144,853 | €210,088 | +€65,236 | +45.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €66,000 | €130,000 | +€64,000 | +97.0% |
| Distributable reserves | 133 | €66,000 | €130,000 | +€64,000 | +97.0% |
| Profit (loss) carried forward | 14 | €58,393 | €59,628 | +€1,236 | +2.1% |
| Amounts payable | 17/49 | €520,822 | €491,275 | -€29,547 | -5.7% |
| Amounts payable after more than one year | 17 | €51,457 | €37,773 | -€13,684 | -26.6% |
| Financial debts | 170/4 | €51,457 | €37,773 | -€13,684 | -26.6% |
| Amounts payable within one year | 42/48 | €469,366 | €453,503 | -€15,863 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €13,189 | €13,684 | +€495 | +3.7% |
| Trade debts | 44 | €21,342 | €2,941 | -€18,400 | -86.2% |
| Suppliers | 440/4 | €21,342 | €2,941 | -€18,400 | -86.2% |
| Advances received on contracts in progress | 46 | €407,372 | €397,560 | -€9,812 | -2.4% |
| Taxes, remuneration and social security | 45 | €27,326 | €39,317 | +€11,991 | +43.9% |
| Taxes | 450/3 | €14,766 | €18,837 | +€4,070 | +27.6% |
| Remuneration and social security | 454/9 | €12,560 | €20,480 | +€7,920 | +63.1% |
| Other amounts payable | 47/48 | €137 | - | -€137 | |
| Remuneration, social security and pensions | 62 | €125,912 | €245,517 | +€119,605 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,710 | €31,271 | +€15,562 | +99.1% |
| Other operating charges | 640/8 | €11,056 | €7,879 | -€3,177 | -28.7% |
| Gross operating margin | 9900 | €214,995 | €382,007 | +€167,012 | +77.7% |
| Operating profit (loss) | 9901 | €62,317 | €97,340 | +€35,022 | +56.2% |
| Financial income | 75/76B | €5,448 | €6,891 | +€1,443 | +26.5% |
| Recurring financial income | 75 | €5,448 | €6,891 | +€1,443 | +26.5% |
| Financial charges | 65/66B | €2,781 | €2,324 | -€457 | -16.4% |
| Recurring financial charges | 65 | €2,781 | €2,324 | -€457 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €64,984 | €101,906 | +€36,923 | +56.8% |
| Income taxes | 67/77 | €27,294 | €36,671 | +€9,376 | +34.4% |
| Profit (loss) for the period | 9904 | €37,689 | €65,236 | +€27,546 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,689 | €65,236 | +€27,546 | +73.1% |
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 11 October 2026 via checked.be.