LUZ-VERDE: 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-VERDE
Largest movements
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Financial fixed assets -€909,000
down €909,000 (-100%), from €909,000 to €0
- Receivables within one year -€82,220
down €82,220 (-2.3%), from €3.6m to €3.5m
- Cash +€67,094
up €67,094 (+64.1%), from €104,629 to €171,723
mainly Investment in fixed assets (net) (+€906,869) and Net result for the year (+€404,117)
- Other debts +€331,805
up €331,805 (+22.5%), from €1.5m to €1.8m
- Reserves -€225,000
down €225,000 (-7.1%), from €3.2m to €3.0m
- Gross operating margin -€532,858
down €532,858 (-46.6%), from €1.1m to €611,218
- Taxes -€165,999
down €165,999 (-46.3%), from €358,895 to €192,897
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 | €4,880,572 | €4,957,916 | +€77,344 | +1.6% |
| Fixed assets | 21/28 | €990,941 | €63,637 | -€927,304 | -93.6% |
| Tangible fixed assets | 22/27 | €81,941 | €63,637 | -€18,304 | -22.3% |
| Furniture and vehicles | 24 | €81,941 | €63,637 | -€18,304 | -22.3% |
| Financial fixed assets | 28 | €909,000 | €0 | -€909,000 | -100% |
| Current assets | 29/58 | €3,889,631 | €4,894,279 | +€1.0m | +25.8% |
| Amounts receivable after more than one year | 29 | - | €1,020,000 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,020,000 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €3,587,574 | €3,505,354 | -€82,220 | -2.3% |
| Other amounts receivable | 41 | €3,587,574 | €3,505,354 | -€82,220 | -2.3% |
| Current investments | 50/53 | €174,796 | €174,796 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,629 | €171,723 | +€67,094 | +64.1% |
| Deferred charges and accrued income | 490/1 | €22,633 | €22,407 | -€226 | -1.0% |
| Total equity and liabilities | 10/49 | €4,880,572 | €4,957,916 | +€77,344 | +1.6% |
| Equity | 10/15 | €3,212,036 | €2,991,152 | -€220,883 | -6.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,178,000 | €2,953,000 | -€225,000 | -7.1% |
| Distributable reserves | 133 | €3,178,000 | €2,953,000 | -€225,000 | -7.1% |
| Profit (loss) carried forward | 14 | €4,036 | €8,152 | +€4,117 | +102% |
| Amounts payable | 17/49 | €1,668,537 | €1,966,764 | +€298,227 | +17.9% |
| Amounts payable within one year | 42/48 | €1,610,243 | €1,915,981 | +€305,738 | +19.0% |
| Trade debts | 44 | €15,641 | €5,377 | -€10,264 | -65.6% |
| Suppliers | 440/4 | €15,641 | €5,377 | -€10,264 | -65.6% |
| Taxes, remuneration and social security | 45 | €121,687 | €105,883 | -€15,803 | -13.0% |
| Taxes | 450/3 | €121,687 | €105,883 | -€15,803 | -13.0% |
| Other amounts payable | 47/48 | €1,472,915 | €1,804,720 | +€331,805 | +22.5% |
| Accrued charges and deferred income | 492/3 | €58,294 | €50,783 | -€7,511 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,263 | €20,436 | +€6,173 | +43.3% |
| Other operating charges | 640/8 | €3,394 | €8,931 | +€5,538 | +163% |
| Gross operating margin | 9900 | €1,144,076 | €611,218 | -€532,858 | -46.6% |
| Operating profit (loss) | 9901 | €1,126,420 | €581,851 | -€544,569 | -48.3% |
| Financial income | 75/76B | €76,823 | €76,166 | -€657 | -0.9% |
| Recurring financial income | 75 | €76,823 | €76,166 | -€657 | -0.9% |
| Financial charges | 65/66B | €66,549 | €61,003 | -€5,546 | -8.3% |
| Recurring financial charges | 65 | €66,549 | €61,003 | -€5,546 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €1,136,693 | €597,013 | -€539,680 | -47.5% |
| Income taxes | 67/77 | €358,895 | €192,897 | -€165,999 | -46.3% |
| Profit (loss) for the period | 9904 | €777,798 | €404,117 | -€373,681 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €777,798 | €404,117 | -€373,681 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.