LUXTAX: 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.
LUXTAX
Largest movements
- Tangible fixed assets -€47,945
down €47,945 (-18.5%), from €259,733 to €211,788
of which Leasing and similar rights: -€40,136
- Cash -€27,579
down €27,579 (-32.1%), from €86,011 to €58,432
mainly Investment in fixed assets (net) (-€52,911) and Debts after one year (-€36,750)
- Debts after one year -€36,750
down €36,750 (-20.5%), from €178,950 to €142,200
- Tax, wage and social debts -€33,303
down €33,303 (-27.6%), from €120,740 to €87,437
of which Taxes: -€29,783
- Reserves +€22,737
up €22,737 (+15.0%), from €151,742 to €174,479
of which Distributable reserves: +€22,737
- Trade debts -€21,213
down €21,213 (-40.3%), from €52,603 to €31,390
- Gross operating margin -€22,308
down €22,308 (-3.5%), from €634,118 to €611,810
- Other operating charges +€13,545
up €13,545 (+58.7%), from €23,087 to €36,632
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.
Derived cash bridge
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 | €713,653 | €649,753 | -€63,899 | -9.0% |
| Fixed assets | 21/28 | €302,779 | €256,523 | -€46,256 | -15.3% |
| Tangible fixed assets | 22/27 | €259,733 | €211,788 | -€47,945 | -18.5% |
| Plant, machinery and equipment | 23 | €1,533 | €767 | -€767 | -50.0% |
| Furniture and vehicles | 24 | €14,223 | €7,181 | -€7,042 | -49.5% |
| Leasing and similar rights | 25 | €243,977 | €203,840 | -€40,136 | -16.5% |
| Financial fixed assets | 28 | €43,046 | €44,735 | +€1,688 | +3.9% |
| Current assets | 29/58 | €410,873 | €393,231 | -€17,643 | -4.3% |
| Amounts receivable after more than one year | 29 | €115,184 | €116,058 | +€875 | +0.8% |
| Other amounts receivable | 291 | €115,184 | €116,058 | +€875 | +0.8% |
| Amounts receivable within one year | 40/41 | €201,270 | €203,562 | +€2,292 | +1.1% |
| Trade receivables | 40 | €191,171 | €202,889 | +€11,718 | +6.1% |
| Other amounts receivable | 41 | €10,099 | €673 | -€9,426 | -93.3% |
| Cash at bank and in hand | 54/58 | €86,011 | €58,432 | -€27,579 | -32.1% |
| Deferred charges and accrued income | 490/1 | €8,409 | €15,178 | +€6,769 | +80.5% |
| Total equity and liabilities | 10/49 | €713,653 | €649,753 | -€63,899 | -9.0% |
| Equity | 10/15 | €305,419 | €328,156 | +€22,737 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,742 | €174,479 | +€22,737 | +15.0% |
| 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 | €149,882 | €172,619 | +€22,737 | +15.2% |
| Profit (loss) carried forward | 14 | €135,077 | €135,077 | = | 0.0% |
| Amounts payable | 17/49 | €408,234 | €321,598 | -€86,636 | -21.2% |
| Amounts payable after more than one year | 17 | €178,950 | €142,200 | -€36,750 | -20.5% |
| Financial debts | 170/4 | €178,950 | €142,200 | -€36,750 | -20.5% |
| Amounts payable within one year | 42/48 | €229,284 | €174,411 | -€54,873 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €55,587 | €55,230 | -€357 | -0.6% |
| Trade debts | 44 | €52,603 | €31,390 | -€21,213 | -40.3% |
| Suppliers | 440/4 | €52,603 | €31,390 | -€21,213 | -40.3% |
| Taxes, remuneration and social security | 45 | €120,740 | €87,437 | -€33,303 | -27.6% |
| Taxes | 450/3 | €65,767 | €35,984 | -€29,783 | -45.3% |
| Remuneration and social security | 454/9 | €54,973 | €51,453 | -€3,520 | -6.4% |
| Other amounts payable | 47/48 | €354 | €354 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,987 | +€4,987 | |
| Remuneration, social security and pensions | 62 | €434,342 | €432,449 | -€1,892 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,804 | €99,168 | -€2,636 | -2.6% |
| Other operating charges | 640/8 | €23,087 | €36,632 | +€13,545 | +58.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €634,118 | €611,810 | -€22,308 | -3.5% |
| Operating profit (loss) | 9901 | €74,885 | €43,561 | -€31,325 | -41.8% |
| Financial income | 75/76B | €6,076 | €7,016 | +€940 | +15.5% |
| Recurring financial income | 75 | €6,076 | €7,016 | +€940 | +15.5% |
| Financial charges | 65/66B | €21,285 | €15,427 | -€5,859 | -27.5% |
| Recurring financial charges | 65 | €21,285 | €15,427 | -€5,859 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €59,676 | €35,150 | -€24,526 | -41.1% |
| Income taxes | 67/77 | €18,099 | €12,413 | -€5,686 | -31.4% |
| Profit (loss) for the period | 9904 | €41,577 | €22,737 | -€18,840 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,577 | €22,737 | -€18,840 | -45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.