LUXSOL: what changed
What changed
LUXSOL
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€17,845
2024 · €30,511-€48,356
Equity
€9,153
2024 · €26,998-€17,845
Cash
€45,195
2024 · €38,289+€6,906
Balance sheet total
€105,712
2024 · €115,563-€9,851
Largest movements
Assets
- Tangible fixed assets -€10,210
down €10,210 (-27.0%), from €37,767 to €27,557
of which Furniture and vehicles: -€8,525
- Cash +€6,906
up €6,906 (+18.0%), from €38,289 to €45,195
mainly Trade debts (+€27,057) and Depreciation (+€10,210)
- Receivables within one year -€6,405
down €6,405 (-22.6%), from €28,288 to €21,883
of which Trade receivables: -€9,183
Equity and liabilities
- Trade debts +€27,057
up €27,057 (+441%), from €6,140 to €33,197
- Profit (loss) carried forward -€17,845
down €17,845 (-501%), from -€3,562 to -€21,407
- Other debts -€17,719
down €17,719 (-28.9%), from €61,333 to €43,614
- Accrued charges and deferred income -€1,889
no longer reported in 2025 (was €1,889)
Income statement
- Gross operating margin -€32,715
down €32,715 (-26.9%), from €121,717 to €89,002
- Staff costs +€21,482
up €21,482 (+29.8%), from €72,154 to €93,637
- Financial income -€3,150
down €3,150 (-87.3%), from €3,610 to €460
- Depreciation -€1,689
down €1,689 (-14.2%), from €11,898 to €10,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,511
Gross operating margin
-€32,715
Staff costs
-€21,482
Depreciation
+€1,689
Other operating charges
+€327
Other operating items
+€6,460
Financial income
-€3,150
Financial charges
-€271
Taxes
+€788
Result 2025
-€17,845
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,909
Investment
-€3
Financing
€0
Cash 2024
€38,289
From operations (derived)
+€6,909
Net result for the year
-€17,845
Depreciation
+€10,210
Stocks and contracts
+€2
Receivables within one year
+€6,405
Deferred charges and accrued income
+€144
Trade debts
+€27,057
Tax, wage and social debts
+€545
Other debts
-€17,719
Accrued charges and deferred income
-€1,889
Investment (derived)
-€3
Investment in fixed assets (net)
-€3
Cash 2025
€45,195
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,563 | €105,712 | -€9,851 | -8.5% |
| Fixed assets | 21/28 | €40,344 | €30,138 | -€10,206 | -25.3% |
| Tangible fixed assets | 22/27 | €37,767 | €27,557 | -€10,210 | -27.0% |
| Plant, machinery and equipment | 23 | €5,011 | €3,326 | -€1,685 | -33.6% |
| Furniture and vehicles | 24 | €32,756 | €24,231 | -€8,525 | -26.0% |
| Financial fixed assets | 28 | €2,577 | €2,581 | +€3 | +0.1% |
| Current assets | 29/58 | €75,219 | €75,574 | +€355 | +0.5% |
| Stocks and contracts in progress | 3 | €7,113 | €7,112 | -€2 | 0.0% |
| Stocks | 30/36 | €7,113 | €7,112 | -€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €28,288 | €21,883 | -€6,405 | -22.6% |
| Trade receivables | 40 | €17,847 | €8,664 | -€9,183 | -51.5% |
| Other amounts receivable | 41 | €10,441 | €13,219 | +€2,778 | +26.6% |
| Cash at bank and in hand | 54/58 | €38,289 | €45,195 | +€6,906 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,385 | -€144 | -9.4% |
| Total equity and liabilities | 10/49 | €115,563 | €105,712 | -€9,851 | -8.5% |
| Equity | 10/15 | €26,998 | €9,153 | -€17,845 | -66.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,960 | €11,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,100 | €10,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,562 | -€21,407 | -€17,845 | -501% |
| Amounts payable | 17/49 | €88,566 | €96,560 | +€7,994 | +9.0% |
| Amounts payable after more than one year | 17 | €13,547 | €13,547 | = | 0.0% |
| Other amounts payable | 178/9 | €13,547 | €13,547 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,129 | €83,012 | +€9,883 | +13.5% |
| Trade debts | 44 | €6,140 | €33,197 | +€27,057 | +441% |
| Suppliers | 440/4 | €6,140 | €33,197 | +€27,057 | +441% |
| Taxes, remuneration and social security | 45 | €5,657 | €6,201 | +€545 | +9.6% |
| Taxes | 450/3 | €5,124 | €3,768 | -€1,357 | -26.5% |
| Remuneration and social security | 454/9 | €532 | €2,433 | +€1,901 | +357% |
| Other amounts payable | 47/48 | €61,333 | €43,614 | -€17,719 | -28.9% |
| Accrued charges and deferred income | 492/3 | €1,889 | - | -€1,889 | |
| Non-recurring operating income | 76A | €989 | - | -€989 | |
| Remuneration, social security and pensions | 62 | €72,154 | €93,637 | +€21,482 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €10,210 | -€1,689 | -14.2% |
| Other operating charges | 640/8 | €3,245 | €2,918 | -€327 | -10.1% |
| Non-recurring operating charges | 66A | €6,460 | - | -€6,460 | |
| Gross operating margin | 9900 | €121,717 | €89,002 | -€32,715 | -26.9% |
| Operating profit (loss) | 9901 | €27,959 | -€17,763 | -€45,722 | |
| Financial income | 75/76B | €3,610 | €460 | -€3,150 | -87.3% |
| Recurring financial income | 75 | €3,610 | €460 | -€3,150 | -87.3% |
| Financial charges | 65/66B | €271 | €542 | +€271 | +100% |
| Recurring financial charges | 65 | €271 | €542 | +€271 | +100% |
| Profit (loss) for the period before taxes | 9903 | €31,298 | -€17,845 | -€49,144 | |
| Income taxes | 67/77 | €788 | - | -€788 | |
| Profit (loss) for the period | 9904 | €30,511 | -€17,845 | -€48,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,511 | -€17,845 | -€48,356 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.