LUZ & CO: 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.
LUZ & CO
Largest movements
- Receivables within one year -€95,496
down €95,496 (-55.1%), from €173,187 to €77,691
of which Trade receivables: -€105,729
- Receivables after one year +€6,265
up €6,265 (+7.3%), from €85,728 to €91,993
- Cash +€3,394
up €3,394 (+28.3%), from €12,012 to €15,406
mainly Receivables within one year (+€95,496) and Tax, wage and social debts (+€13,679)
- Advances received -€66,560
no longer reported in 2025 (was €66,560)
- Trade debts -€34,195
down €34,195 (-38.5%), from €88,716 to €54,521
- Tax, wage and social debts +€13,679
up €13,679 (+84.5%), from €16,188 to €29,867
of which Remuneration and social security: +€16,657
- Taxes -€2,978
down €2,978 (-99.7%), from €2,988 to €10
- Staff costs +€1,399
up €1,399 (+46.9%), from €2,981 to €4,380
- Other operating charges +€1,303
up €1,303 (+1,156%), from €113 to €1,415
- Financial charges -€736
down €736 (-71.5%), from €1,030 to €294
- Financial income -€319
down €319 (-95.6%), from €334 to €15
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 | €280,791 | €194,355 | -€86,436 | -30.8% |
| Fixed assets | 21/28 | €2,763 | €4,757 | +€1,995 | +72.2% |
| Tangible fixed assets | 22/27 | €2,263 | €4,257 | +€1,995 | +88.2% |
| Furniture and vehicles | 24 | €2,263 | €4,257 | +€1,995 | +88.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €278,029 | €189,598 | -€88,431 | -31.8% |
| Amounts receivable after more than one year | 29 | €85,728 | €91,993 | +€6,265 | +7.3% |
| Other amounts receivable | 291 | €85,728 | €91,993 | +€6,265 | +7.3% |
| Amounts receivable within one year | 40/41 | €173,187 | €77,691 | -€95,496 | -55.1% |
| Trade receivables | 40 | €171,780 | €66,052 | -€105,729 | -61.5% |
| Other amounts receivable | 41 | €1,407 | €11,639 | +€10,233 | +727% |
| Cash at bank and in hand | 54/58 | €12,012 | €15,406 | +€3,394 | +28.3% |
| Deferred charges and accrued income | 490/1 | €7,101 | €4,508 | -€2,593 | -36.5% |
| Total equity and liabilities | 10/49 | €280,791 | €194,355 | -€86,436 | -30.8% |
| Equity | 10/15 | €108,913 | €109,909 | +€996 | +0.9% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Contributions outside capital | 11 | €18,200 | - | -€18,200 | |
| Other | 1109/19 | €18,200 | - | -€18,200 | |
| Reserves | 13 | €19,432 | €19,432 | = | 0.0% |
| 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 | €17,572 | €17,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,281 | €72,277 | +€996 | +1.4% |
| Amounts payable | 17/49 | €171,878 | €84,446 | -€87,433 | -50.9% |
| Amounts payable within one year | 42/48 | €171,878 | €84,446 | -€87,433 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €414 | - | -€414 | |
| Financial debts | 43 | - | €57 | +€57 | |
| Credit institutions | 430/8 | - | €57 | +€57 | |
| Trade debts | 44 | €88,716 | €54,521 | -€34,195 | -38.5% |
| Suppliers | 440/4 | €88,716 | €54,521 | -€34,195 | -38.5% |
| Advances received on contracts in progress | 46 | €66,560 | - | -€66,560 | |
| Taxes, remuneration and social security | 45 | €16,188 | €29,867 | +€13,679 | +84.5% |
| Taxes | 450/3 | €2,988 | €10 | -€2,978 | -99.7% |
| Remuneration and social security | 454/9 | €13,200 | €29,857 | +€16,657 | +126% |
| Remuneration, social security and pensions | 62 | €2,981 | €4,380 | +€1,399 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €1,150 | +€246 | +27.3% |
| Other operating charges | 640/8 | €113 | €1,415 | +€1,303 | +1,156% |
| Gross operating margin | 9900 | €8,358 | €8,231 | -€127 | -1.5% |
| Operating profit (loss) | 9901 | €4,361 | €1,285 | -€3,075 | -70.5% |
| Financial income | 75/76B | €334 | €15 | -€319 | -95.6% |
| Recurring financial income | 75 | €334 | €15 | -€319 | -95.6% |
| Financial charges | 65/66B | €1,030 | €294 | -€736 | -71.5% |
| Recurring financial charges | 65 | €1,030 | €294 | -€736 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €3,665 | €1,006 | -€2,659 | -72.5% |
| Income taxes | 67/77 | €2,988 | €10 | -€2,978 | -99.7% |
| Profit (loss) for the period | 9904 | €677 | €996 | +€320 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €677 | €996 | +€320 | +47.2% |
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 15 October 2026 via checked.be.