LUXURY BRANDS: 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.
LUXURY BRANDS
Largest movements
- Tangible fixed assets -€1,088
down €1,088 (-89.7%), from €1,213 to €125
of which Plant, machinery and equipment: -€960
- Receivables within one year -€96
down €96 (-3.4%), from €2,796 to €2,700
of which Trade receivables: -€176
- Profit (loss) carried forward -€1,731
down €1,731 (-6.0%), from -€28,940 to -€30,671
- Trade debts -€1,331
down €1,331 (-15.4%), from €8,661 to €7,330
- Other debts +€1,232
up €1,232 (+12.6%), from €9,811 to €11,043
- Short-term financial debts +€471
up €471 (+122%), from €384 to €855
- Tax, wage and social debts +€175
up €175 (+189%), from €92 to €267
- Gross operating margin +€2,398
up €2,398 (+96.1%), from -€2,496 to -€98
- Other operating charges -€470
down €470 (-57.0%), from €824 to €355
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,009 | €2,825 | -€1,184 | -29.5% |
| Fixed assets | 21/28 | €1,213 | €125 | -€1,088 | -89.7% |
| Tangible fixed assets | 22/27 | €1,213 | €125 | -€1,088 | -89.7% |
| Plant, machinery and equipment | 23 | €1,086 | €125 | -€960 | -88.5% |
| Furniture and vehicles | 24 | €128 | - | -€128 | |
| Current assets | 29/58 | €2,796 | €2,700 | -€96 | -3.4% |
| Amounts receivable within one year | 40/41 | €2,796 | €2,700 | -€96 | -3.4% |
| Trade receivables | 40 | €2,796 | €2,620 | -€176 | -6.3% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €4,009 | €2,825 | -€1,184 | -29.5% |
| Equity | 10/15 | -€14,940 | -€16,671 | -€1,731 | -11.6% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,940 | -€30,671 | -€1,731 | -6.0% |
| Amounts payable | 17/49 | €18,949 | €19,495 | +€546 | +2.9% |
| Amounts payable within one year | 42/48 | €18,949 | €19,495 | +€546 | +2.9% |
| Financial debts | 43 | €384 | €855 | +€471 | +122% |
| Credit institutions | 430/8 | €384 | €855 | +€471 | +122% |
| Trade debts | 44 | €8,661 | €7,330 | -€1,331 | -15.4% |
| Suppliers | 440/4 | €8,661 | €7,330 | -€1,331 | -15.4% |
| Taxes, remuneration and social security | 45 | €92 | €267 | +€175 | +189% |
| Taxes | 450/3 | €92 | €267 | +€175 | +189% |
| Other amounts payable | 47/48 | €9,811 | €11,043 | +€1,232 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €1,088 | = | 0.0% |
| Other operating charges | 640/8 | €824 | €355 | -€470 | -57.0% |
| Gross operating margin | 9900 | -€2,496 | -€98 | +€2,398 | +96.1% |
| Operating profit (loss) | 9901 | -€4,408 | -€1,540 | +€2,867 | +65.1% |
| Financial charges | 65/66B | €190 | €190 | = | 0.0% |
| Recurring financial charges | 65 | €190 | €190 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,598 | -€1,731 | +€2,867 | +62.4% |
| Profit (loss) for the period | 9904 | -€4,598 | -€1,731 | +€2,867 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,598 | -€1,731 | +€2,867 | +62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.