LUZIMMO: 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.
LUZIMMO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+169.4%), from €796,070 to €2.1m
of which Land and buildings: +€1.3m
- Receivables within one year -€86,404
down €86,404 (-92.3%), from €93,605 to €7,200
of which Trade receivables: -€87,500
- Debts after one year +€863,710
up €863,710 (+172.2%), from €501,438 to €1.4m
of which Financial debts: +€568,302
- Provisions +€519,838
new in 2025: €519,838
- Profit (loss) carried forward -€190,302
down €190,302 (-355.1%), from -€53,590 to -€243,892
- Current portion of long-term debt +€36,331
up €36,331 (+97.5%), from €37,255 to €73,586
- Depreciation +€201,383
up €201,383 (+439.8%), from €45,792 to €247,174
- Gross operating margin +€61,523
up €61,523 (+79.8%), from €77,128 to €138,651
- Financial charges +€55,748
up €55,748 (+351.5%), from €15,859 to €71,607
- Other operating charges +€2,719
up €2,719 (+36.5%), from €7,452 to €10,171
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 | €927,578 | €2,164,112 | +€1.2m | +133.3% |
| Fixed assets | 21/28 | €805,670 | €2,144,559 | +€1.3m | +166.2% |
| Tangible fixed assets | 22/27 | €796,070 | €2,144,559 | +€1.3m | +169.4% |
| Land and buildings | 22 | €795,765 | €2,144,334 | +€1.3m | +169.5% |
| Furniture and vehicles | 24 | €305 | €226 | -€80 | -26.1% |
| Financial fixed assets | 28 | €9,600 | - | -€9,600 | |
| Current assets | 29/58 | €121,907 | €19,552 | -€102,355 | -84.0% |
| Amounts receivable within one year | 40/41 | €93,605 | €7,200 | -€86,404 | -92.3% |
| Trade receivables | 40 | €87,500 | - | -€87,500 | |
| Other amounts receivable | 41 | €6,105 | €7,200 | +€1,096 | +17.9% |
| Current investments | 50/53 | €96 | €96 | +€1 | +0.6% |
| Cash at bank and in hand | 54/58 | €25,360 | €8,360 | -€17,000 | -67.0% |
| Deferred charges and accrued income | 490/1 | €2,847 | €3,896 | +€1,049 | +36.9% |
| Total equity and liabilities | 10/49 | €927,578 | €2,164,112 | +€1.2m | +133.3% |
| Equity | 10/15 | €379,410 | €189,108 | -€190,302 | -50.2% |
| Contributions | 10/11 | €433,000 | €433,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,590 | -€243,892 | -€190,302 | -355.1% |
| Provisions and deferred taxes | 16 | - | €519,838 | +€519,838 | |
| Provisions for liabilities and charges | 160/5 | - | €519,838 | +€519,838 | |
| Environmental obligations | 163 | - | €519,838 | +€519,838 | |
| Amounts payable | 17/49 | €548,168 | €1,455,166 | +€906,998 | +165.5% |
| Amounts payable after more than one year | 17 | €501,438 | €1,365,148 | +€863,710 | +172.2% |
| Financial debts | 170/4 | €324,750 | €893,052 | +€568,302 | +175.0% |
| Other amounts payable | 178/9 | €176,688 | €472,097 | +€295,409 | +167.2% |
| Amounts payable within one year | 42/48 | €39,675 | €86,330 | +€46,654 | +117.6% |
| Current portion of amounts payable after more than one year | 42 | €37,255 | €73,586 | +€36,331 | +97.5% |
| Financial debts | 43 | - | €6,546 | +€6,546 | |
| Credit institutions | 430/8 | - | €6,546 | +€6,546 | |
| Trade debts | 44 | €2,420 | €4,092 | +€1,672 | +69.1% |
| Suppliers | 440/4 | €2,420 | €4,092 | +€1,672 | +69.1% |
| Other amounts payable | 47/48 | - | €2,105 | +€2,105 | |
| Accrued charges and deferred income | 492/3 | €7,055 | €3,688 | -€3,366 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,792 | €247,174 | +€201,383 | +439.8% |
| Other operating charges | 640/8 | €7,452 | €10,171 | +€2,719 | +36.5% |
| Gross operating margin | 9900 | €77,128 | €138,651 | +€61,523 | +79.8% |
| Operating profit (loss) | 9901 | €23,884 | -€118,695 | -€142,579 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -26.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -26.9% |
| Financial charges | 65/66B | €15,859 | €71,607 | +€55,748 | +351.5% |
| Recurring financial charges | 65 | €15,859 | €71,607 | +€55,748 | +351.5% |
| Profit (loss) for the period before taxes | 9903 | €8,026 | -€190,301 | -€198,328 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €8,026 | -€190,302 | -€198,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,026 | -€190,302 | -€198,328 |
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 5 October 2026 via checked.be.