LUYBEN: 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.
What changed
LUYBEN
NACE 46.391, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€693,304
2024 · €198,024+€495,280
Equity
€20.8m
2024 · €20.5m+€288,304
Cash
€17.7m
2024 · €11.6m+€6.1m
Balance sheet total
€27.5m
2024 · €27.1m+€347,639
Largest movements
Assets
- Cash +€6.1m
up €6.1m (+53.0%), from €11.6m to €17.7m
mainly Receivables within one year (+€3.2m) and Investment in fixed assets (net) (+€2.7m)
- Receivables within one year -€3.2m
down €3.2m (-31.3%), from €10.3m to €7.1m
of which Trade receivables: -€2.0m
- Financial fixed assets -€2.7m
down €2.7m (-52.3%), from €5.1m to €2.4m
of which Affiliated companies: -€2.7m
Equity and liabilities
- Accrued charges and deferred income -€1.9m
down €1.9m (-58.9%), from €3.2m to €1.3m
- Trade debts +€1.8m
up €1.8m (+61.4%), from €3.0m to €4.8m
- Other debts +€300,142
up €300,142 (+176%), from €170,640 to €470,782
- Profit (loss) carried forward +€288,304
up €288,304 (+3.6%), from €8.1m to €8.4m
Income statement
- Turnover +€15.3m
up €15.3m (+44.0%), from €34.8m to €50.1m
- Goods and materials +€14.0m
up €14.0m (+47.3%), from €29.5m to €43.5m
- Services and other goods +€949,807
up €949,807 (+24.2%), from €3.9m to €4.9m
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.
Result 2024
€198,024
Turnover
+€15.3m
Other operating income
+€36,015
Goods and materials
-€14.0m
Services and other goods
-€949,807
Staff costs
+€3,785
Depreciation
+€4,932
Write-downs
+€100,000
Provisions
+€416,163
Other operating charges
+€4,731
Financial income
-€393,640
Financial charges
-€13,518
Taxes
-€65,713
Result 2025
€693,304
raises the resultlowers the result
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.
From operations
+€3.9m
Investment
+€2.7m
Financing
-€405,000
Cash 2024
€11.6m
From operations (derived)
+€3.9m
Net result for the year
+€693,304
Depreciation
+€34,682
Receivables within one year
+€3.2m
Deferred charges and accrued income
-€126,874
Provisions
-€208,082
Trade debts
+€1.8m
Tax, wage and social debts
-€16,801
Other debts
+€300,142
Accrued charges and deferred income
-€1.9m
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€2.7m
Financing
-€405,000
Debts after one year
-€100,000
Current portion of long-term debt
+€100,000
Contributions, distributions and other
-€405,000
Cash 2025
€17.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,140,289 | €27,487,928 | +€347,639 | +1.3% |
| Fixed assets | 21/28 | €5,273,557 | €2,567,919 | -€2.7m | -51.3% |
| Tangible fixed assets | 22/27 | €165,304 | €131,995 | -€33,309 | -20.2% |
| Land and buildings | 22 | €66,978 | €63,155 | -€3,824 | -5.7% |
| Plant, machinery and equipment | 23 | €3,090 | €1,823 | -€1,267 | -41.0% |
| Furniture and vehicles | 24 | €87,161 | €65,653 | -€21,508 | -24.7% |
| Other tangible fixed assets | 26 | €8,074 | €1,364 | -€6,710 | -83.1% |
| Financial fixed assets | 28 | €5,108,253 | €2,435,924 | -€2.7m | -52.3% |
| Affiliated companies | 280/1 | €5,104,287 | €2,426,753 | -€2.7m | -52.5% |
| Participating interests | 280 | €2,406,753 | €2,406,753 | = | 0.0% |
| Amounts receivable | 281 | €2,697,534 | €20,000 | -€2.7m | -99.3% |
| Other financial fixed assets | 284/8 | €3,966 | €9,171 | +€5,205 | +131% |
| Amounts receivable and cash guarantees | 285/8 | €3,966 | €9,171 | +€5,205 | +131% |
| Current assets | 29/58 | €21,866,732 | €24,920,009 | +€3.1m | +14.0% |
| Amounts receivable within one year | 40/41 | €10,275,933 | €7,064,624 | -€3.2m | -31.3% |
| Trade receivables | 40 | €8,100,806 | €6,126,423 | -€2.0m | -24.4% |
| Other amounts receivable | 41 | €2,175,127 | €938,200 | -€1.2m | -56.9% |
| Cash at bank and in hand | 54/58 | €11,589,285 | €17,726,997 | +€6.1m | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,514 | €128,388 | +€126,874 | +8,380% |
| Total equity and liabilities | 10/49 | €27,140,289 | €27,487,928 | +€347,639 | +1.3% |
| Equity | 10/15 | €20,463,525 | €20,751,829 | +€288,304 | +1.4% |
| Contributions | 10/11 | €11,257,500 | €11,257,500 | = | 0.0% |
| Capital | 10 | €11,257,500 | €11,257,500 | = | 0.0% |
| Issued capital | 100 | €11,257,500 | €11,257,500 | = | 0.0% |
| Reserves | 13 | €1,125,750 | €1,125,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,125,750 | €1,125,750 | = | 0.0% |
| Legal reserve | 130 | €1,125,750 | €1,125,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,080,275 | €8,368,579 | +€288,304 | +3.6% |
| Provisions and deferred taxes | 16 | €208,082 | - | -€208,082 | |
| Provisions for liabilities and charges | 160/5 | €208,082 | - | -€208,082 | |
| Other liabilities and charges | 164/5 | €208,082 | - | -€208,082 | |
| Amounts payable | 17/49 | €6,468,683 | €6,736,099 | +€267,416 | +4.1% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Financial debts | 170/4 | €100,000 | - | -€100,000 | |
| Subordinated loans | 170 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €3,216,711 | €5,441,994 | +€2.2m | +69.2% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €3,000,228 | €4,842,170 | +€1.8m | +61.4% |
| Suppliers | 440/4 | €3,000,228 | €4,842,170 | +€1.8m | +61.4% |
| Taxes, remuneration and social security | 45 | €45,843 | €29,042 | -€16,801 | -36.6% |
| Taxes | 450/3 | €33,788 | €17,036 | -€16,753 | -49.6% |
| Remuneration and social security | 454/9 | €12,055 | €12,007 | -€48 | -0.4% |
| Other amounts payable | 47/48 | €170,640 | €470,782 | +€300,142 | +176% |
| Accrued charges and deferred income | 492/3 | €3,151,972 | €1,294,105 | -€1.9m | -58.9% |
| Operating income | 70/76A | €34,826,583 | €50,172,354 | +€15.3m | +44.1% |
| Turnover | 70 | €34,817,446 | €50,127,202 | +€15.3m | +44.0% |
| Other operating income | 74 | €9,138 | €45,153 | +€36,015 | +394% |
| Operating charges | 60/66A | €35,190,697 | €49,568,316 | +€14.4m | +40.9% |
| Goods for resale, raw materials and consumables | 60 | €29,536,584 | €43,494,008 | +€14.0m | +47.3% |
| Purchases | 600/8 | €29,536,584 | €43,494,008 | +€14.0m | +47.3% |
| Services and other goods | 61 | €3,930,126 | €4,879,933 | +€949,807 | +24.2% |
| Remuneration, social security and pensions | 62 | €76,900 | €73,115 | -€3,785 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,615 | €34,682 | -€4,932 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,387,210 | €1,287,210 | -€100,000 | -7.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €208,082 | -€208,082 | -€416,163 | |
| Other operating charges | 640/8 | €12,180 | €7,449 | -€4,731 | -38.8% |
| Operating profit (loss) | 9901 | -€364,113 | €604,038 | +€968,152 | |
| Financial income | 75/76B | €665,983 | €272,343 | -€393,640 | -59.1% |
| Recurring financial income | 75 | €665,983 | €272,343 | -€393,640 | -59.1% |
| Income from financial fixed assets | 750 | €58,478 | €38,370 | -€20,108 | -34.4% |
| Other financial income | 752/9 | €607,505 | €233,974 | -€373,532 | -61.5% |
| Financial charges | 65/66B | €66,463 | €79,981 | +€13,518 | +20.3% |
| Recurring financial charges | 65 | €66,463 | €79,981 | +€13,518 | +20.3% |
| Debt charges | 650 | €13,210 | €12,567 | -€643 | -4.9% |
| Other financial charges | 652/9 | €53,253 | €67,414 | +€14,161 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €235,407 | €796,400 | +€560,993 | +238% |
| Income taxes | 67/77 | €37,383 | €103,096 | +€65,713 | +176% |
| Taxes | 670/3 | €37,383 | €103,096 | +€65,713 | +176% |
| Profit (loss) for the period | 9904 | €198,024 | €693,304 | +€495,280 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €198,024 | €693,304 | +€495,280 | +250% |
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 26 October 2026 via checked.be.