LUXURY WAY: 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 WAY
Largest movements
- Tangible fixed assets -€22,302
down €22,302 (-22.5%), from €99,293 to €76,990
of which Furniture and vehicles: -€22,235
- Cash -€7,632
down €7,632 (-23.8%), from €32,004 to €24,372
mainly Other debts (-€33,168) and Tax, wage and social debts (-€6,786)
- Receivables within one year -€5,108
down €5,108 (-97.1%), from €5,262 to €154
of which Trade receivables: -€5,262
- Other debts -€33,168
down €33,168 (-15.8%), from €210,068 to €176,901
- Tax, wage and social debts -€6,786
down €6,786 (-34.1%), from €19,893 to €13,107
of which Remuneration and social security: -€6,485
- Profit (loss) carried forward +€3,515
up €3,515 (+3.0%), from -€118,733 to -€115,219
- Trade debts +€1,897
up €1,897 (+1,703%), from €111 to €2,008
- Depreciation +€9,787
up €9,787 (+78.2%), from €12,516 to €22,302
- Gross operating margin +€4,368
up €4,368 (+16.5%), from €26,433 to €30,802
- Other operating charges -€2,624
down €2,624 (-35.4%), from €7,417 to €4,794
- Financial charges -€1,490
down €1,490 (-88.4%), from €1,686 to €196
- Financial income -€536
down €536 (-99.0%), from €541 to €5
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 | €141,128 | €106,086 | -€35,042 | -24.8% |
| Fixed assets | 21/28 | €103,862 | €81,560 | -€22,302 | -21.5% |
| Tangible fixed assets | 22/27 | €99,293 | €76,990 | -€22,302 | -22.5% |
| Plant, machinery and equipment | 23 | €226 | €158 | -€68 | -30.0% |
| Furniture and vehicles | 24 | €99,067 | €76,832 | -€22,235 | -22.4% |
| Financial fixed assets | 28 | €4,569 | €4,569 | = | 0.0% |
| Current assets | 29/58 | €37,266 | €24,526 | -€12,740 | -34.2% |
| Amounts receivable within one year | 40/41 | €5,262 | €154 | -€5,108 | -97.1% |
| Trade receivables | 40 | €5,262 | - | -€5,262 | |
| Other amounts receivable | 41 | - | €154 | +€154 | |
| Cash at bank and in hand | 54/58 | €32,004 | €24,372 | -€7,632 | -23.8% |
| Total equity and liabilities | 10/49 | €141,128 | €106,086 | -€35,042 | -24.8% |
| Equity | 10/15 | -€89,444 | -€85,929 | +€3,515 | +3.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €9,290 | €9,290 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,290 | €9,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,733 | -€115,219 | +€3,515 | +3.0% |
| Amounts payable | 17/49 | €230,572 | €192,016 | -€38,557 | -16.7% |
| Amounts payable within one year | 42/48 | €230,572 | €192,016 | -€38,557 | -16.7% |
| Financial debts | 43 | €500 | - | -€500 | |
| Credit institutions | 430/8 | €500 | - | -€500 | |
| Trade debts | 44 | €111 | €2,008 | +€1,897 | +1,703% |
| Suppliers | 440/4 | €111 | €2,008 | +€1,897 | +1,703% |
| Taxes, remuneration and social security | 45 | €19,893 | €13,107 | -€6,786 | -34.1% |
| Taxes | 450/3 | €301 | - | -€301 | |
| Remuneration and social security | 454/9 | €19,592 | €13,107 | -€6,485 | -33.1% |
| Other amounts payable | 47/48 | €210,068 | €176,901 | -€33,168 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,516 | €22,302 | +€9,787 | +78.2% |
| Other operating charges | 640/8 | €7,417 | €4,794 | -€2,624 | -35.4% |
| Gross operating margin | 9900 | €26,433 | €30,802 | +€4,368 | +16.5% |
| Operating profit (loss) | 9901 | €6,500 | €3,705 | -€2,795 | -43.0% |
| Financial income | 75/76B | €541 | €5 | -€536 | -99.0% |
| Recurring financial income | 75 | €541 | €5 | -€536 | -99.0% |
| Financial charges | 65/66B | €1,686 | €196 | -€1,490 | -88.4% |
| Recurring financial charges | 65 | €1,686 | €196 | -€1,490 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €5,355 | €3,515 | -€1,840 | -34.4% |
| Profit (loss) for the period | 9904 | €5,355 | €3,515 | -€1,840 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,355 | €3,515 | -€1,840 | -34.4% |
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 24 October 2026 via checked.be.