LUYSSEN NATHAN: 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.
LUYSSEN NATHAN
Largest movements
- Tangible fixed assets +€346,958
up €346,958 (+4,079%), from €8,505 to €355,463
of which Land and buildings: +€349,735
- Cash +€28,235
up €28,235 (+283%), from €9,974 to €38,209
mainly Debts after one year (+€290,117) and Net result for the year (+€78,889)
- Receivables within one year +€15,079
up €15,079 (+6,033%), from €250 to €15,329
of which Trade receivables: +€9,430
- Debts after one year +€290,117
up €290,117 (+132%), from €219,300 to €509,417
- Other debts +€64,059
up €64,059 (+66.2%), from €96,811 to €160,870
- Current portion of long-term debt +€23,333
up €23,333 (+63.8%), from €36,550 to €59,883
- Gross operating margin +€144,783
up €144,783 (+700%), from €20,679 to €165,461
- Financial income -€59,858
down €59,858 (-99.8%), from €60,000 to €142
- Depreciation +€49,125
up €49,125 (+1,769%), from €2,777 to €51,902
- Taxes +€22,563
up €22,563 (+589%), from €3,831 to €26,394
- Financial charges +€5,550
up €5,550 (+203%), from €2,735 to €8,285
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 | €509,746 | €900,178 | +€390,431 | +76.6% |
| Fixed assets | 21/28 | €499,005 | €845,963 | +€346,958 | +69.5% |
| Tangible fixed assets | 22/27 | €8,505 | €355,463 | +€346,958 | +4,079% |
| Land and buildings | 22 | - | €349,735 | +€349,735 | |
| Furniture and vehicles | 24 | €8,505 | €5,729 | -€2,777 | -32.6% |
| Financial fixed assets | 28 | €490,500 | €490,500 | = | 0.0% |
| Current assets | 29/58 | €10,741 | €54,214 | +€43,473 | +405% |
| Amounts receivable within one year | 40/41 | €250 | €15,329 | +€15,079 | +6,033% |
| Trade receivables | 40 | €250 | €9,680 | +€9,430 | +3,773% |
| Other amounts receivable | 41 | - | €5,649 | +€5,649 | |
| Cash at bank and in hand | 54/58 | €9,974 | €38,209 | +€28,235 | +283% |
| Deferred charges and accrued income | 490/1 | €517 | €676 | +€159 | +30.8% |
| Total equity and liabilities | 10/49 | €509,746 | €900,178 | +€390,431 | +76.6% |
| Equity | 10/15 | €143,672 | €151,561 | +€7,889 | +5.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €93,672 | €101,561 | +€7,889 | +8.4% |
| Distributable reserves | 133 | €93,672 | €101,561 | +€7,889 | +8.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €366,074 | €748,617 | +€382,542 | +104% |
| Amounts payable after more than one year | 17 | €219,300 | €509,417 | +€290,117 | +132% |
| Financial debts | 170/4 | €219,300 | €509,417 | +€290,117 | +132% |
| Amounts payable within one year | 42/48 | €143,774 | €230,472 | +€86,698 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | €36,550 | €59,883 | +€23,333 | +63.8% |
| Trade debts | 44 | €207 | €350 | +€143 | +69.4% |
| Suppliers | 440/4 | €207 | €350 | +€143 | +69.4% |
| Taxes, remuneration and social security | 45 | €10,207 | €9,369 | -€837 | -8.2% |
| Taxes | 450/3 | €10,207 | €8,204 | -€2,002 | -19.6% |
| Remuneration and social security | 454/9 | - | €1,165 | +€1,165 | |
| Other amounts payable | 47/48 | €96,811 | €160,870 | +€64,059 | +66.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €8,728 | +€5,728 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,777 | €51,902 | +€49,125 | +1,769% |
| Other operating charges | 640/8 | €85 | €135 | +€50 | +58.8% |
| Gross operating margin | 9900 | €20,679 | €165,461 | +€144,783 | +700% |
| Operating profit (loss) | 9901 | €17,817 | €113,425 | +€95,608 | +537% |
| Financial income | 75/76B | €60,000 | €142 | -€59,858 | -99.8% |
| Recurring financial income | 75 | €60,000 | €142 | -€59,858 | -99.8% |
| Financial charges | 65/66B | €2,735 | €8,285 | +€5,550 | +203% |
| Recurring financial charges | 65 | €2,735 | €8,285 | +€5,550 | +203% |
| Profit (loss) for the period before taxes | 9903 | €75,082 | €105,282 | +€30,200 | +40.2% |
| Income taxes | 67/77 | €3,831 | €26,394 | +€22,563 | +589% |
| Profit (loss) for the period | 9904 | €71,251 | €78,889 | +€7,637 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,251 | €78,889 | +€7,637 | +10.7% |
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 31 October 2026 via checked.be.