LUZ EDIFICIOS: what changed
Two fiscal 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 EDIFICIOS
Largest movements
- Receivables within one year +€88,200
new in 2025: €88,200
- Cash -€13,711
down €13,711 (-86.6%), from €15,825 to €2,114
mainly Receivables within one year (-€88,200) and Investment in fixed assets (net) (-€18,212)
- Tangible fixed assets +€7,052
up €7,052 (+3.1%), from €230,227 to €237,279
of which Plant, machinery and equipment: +€15,045
- Other debts +€88,738
up €88,738 (+280.5%), from €31,631 to €120,370
- Debts after one year -€16,837
down €16,837 (-7.7%), from €219,468 to €202,631
- Trade debts +€15,528
up €15,528 (+18590.2%), from €84 to €15,612
- Profit (loss) carried forward -€8,289
down €8,289 (-47.2%), from -€17,569 to -€25,858
- Current portion of long-term debt +€4,415
up €4,415 (+52.4%), from €8,432 to €12,847
- Gross operating margin +€12,339
up €12,339, from -€2,060 to €10,279
- Depreciation +€2,500
up €2,500 (+28.9%), from €8,660 to €11,160
- Other operating charges +€979
new in 2025: €979
- Financial charges -€421
down €421 (-6.1%), from €6,849 to €6,429
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.
Cash bridge derived
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 | €246,052 | €327,602 | +€81,549 | +33.1% |
| Fixed assets | 21/28 | €230,227 | €237,279 | +€7,052 | +3.1% |
| Tangible fixed assets | 22/27 | €230,227 | €237,279 | +€7,052 | +3.1% |
| Land and buildings | 22 | €209,853 | €201,859 | -€7,993 | -3.8% |
| Plant, machinery and equipment | 23 | €20,375 | €35,420 | +€15,045 | +73.8% |
| Current assets | 29/58 | €15,825 | €90,322 | +€74,498 | +470.8% |
| Amounts receivable within one year | 40/41 | - | €88,200 | +€88,200 | |
| Trade receivables | 40 | - | €88,200 | +€88,200 | |
| Cash at bank and in hand | 54/58 | €15,825 | €2,114 | -€13,711 | -86.6% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €246,052 | €327,602 | +€81,549 | +33.1% |
| Equity | 10/15 | -€15,569 | -€23,858 | -€8,289 | -53.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,569 | -€25,858 | -€8,289 | -47.2% |
| Amounts payable | 17/49 | €261,621 | €351,460 | +€89,838 | +34.3% |
| Amounts payable after more than one year | 17 | €219,468 | €202,631 | -€16,837 | -7.7% |
| Financial debts | 170/4 | €219,468 | €202,631 | -€16,837 | -7.7% |
| Amounts payable within one year | 42/48 | €40,147 | €148,829 | +€108,682 | +270.7% |
| Current portion of amounts payable after more than one year | 42 | €8,432 | €12,847 | +€4,415 | +52.4% |
| Trade debts | 44 | €84 | €15,612 | +€15,528 | +18590.2% |
| Suppliers | 440/4 | €84 | €15,612 | +€15,528 | +18590.2% |
| Other amounts payable | 47/48 | €31,631 | €120,370 | +€88,738 | +280.5% |
| Accrued charges and deferred income | 492/3 | €2,007 | - | -€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,660 | €11,160 | +€2,500 | +28.9% |
| Other operating charges | 640/8 | - | €979 | +€979 | |
| Gross operating margin | 9900 | -€2,060 | €10,279 | +€12,339 | |
| Operating profit (loss) | 9901 | -€10,720 | -€1,860 | +€8,860 | +82.6% |
| Financial charges | 65/66B | €6,849 | €6,429 | -€421 | -6.1% |
| Recurring financial charges | 65 | €6,849 | €6,429 | -€421 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,569 | -€8,289 | +€9,280 | +52.8% |
| Profit (loss) for the period | 9904 | -€17,569 | -€8,289 | +€9,280 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,569 | -€8,289 | +€9,280 | +52.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.