TO-LUX: 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.
TO-LUX
Largest movements
- Cash +€61,005
up €61,005 (+3,310%), from €1,843 to €62,848
mainly Receivables within one year (+€58,422) and Depreciation (+€51,729)
- Receivables within one year -€58,422
down €58,422 (-42.5%), from €137,565 to €79,144
of which Trade receivables: -€68,504
- Trade debts -€28,950
down €28,950 (-75.7%), from €38,240 to €9,291
of which Bills of exchange payable: -€18,647
- Short-term financial debts +€27,479
up €27,479 (+2,217%), from €1,240 to €28,719
- Other debts +€10,125
up €10,125 (+12.5%), from €81,254 to €91,379
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Turnover +€151,615
up €151,615 (+152%), from €99,960 to €251,576
- Purchases and services +€107,391
up €107,391 (+111%), from €96,864 to €204,255
- Gross operating margin +€52,459
up €52,459 (+1,694%), from €3,096 to €55,555
- Depreciation +€51,729
new in 2025: €51,729
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 | €139,408 | €141,992 | +€2,584 | +1.9% |
| Current assets | 29/58 | €139,408 | €141,992 | +€2,584 | +1.9% |
| Amounts receivable within one year | 40/41 | €137,565 | €79,144 | -€58,422 | -42.5% |
| Trade receivables | 40 | €131,878 | €63,374 | -€68,504 | -51.9% |
| Other amounts receivable | 41 | €5,687 | €15,770 | +€10,083 | +177% |
| Cash at bank and in hand | 54/58 | €1,843 | €62,848 | +€61,005 | +3,310% |
| Total equity and liabilities | 10/49 | €139,408 | €141,992 | +€2,584 | +1.9% |
| Equity | 10/15 | €17,530 | €11,072 | -€6,458 | -36.8% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €9,470 | €11,072 | +€1,602 | +16.9% |
| Amounts payable | 17/49 | €121,878 | €130,920 | +€9,042 | +7.4% |
| Amounts payable within one year | 42/48 | €121,878 | €130,920 | +€9,042 | +7.4% |
| Financial debts | 43 | €1,240 | €28,719 | +€27,479 | +2,217% |
| Credit institutions | 430/8 | €1,240 | €28,719 | +€27,479 | +2,217% |
| Trade debts | 44 | €38,240 | €9,291 | -€28,950 | -75.7% |
| Suppliers | 440/4 | €19,594 | €9,291 | -€10,303 | -52.6% |
| Bills of exchange payable | 441 | €18,647 | - | -€18,647 | |
| Taxes, remuneration and social security | 45 | €1,144 | €1,531 | +€387 | +33.9% |
| Taxes | 450/3 | €1,144 | €1,531 | +€387 | +33.9% |
| Other amounts payable | 47/48 | €81,254 | €91,379 | +€10,125 | +12.5% |
| Turnover | 70 | €99,960 | €251,576 | +€151,615 | +152% |
| Goods, raw materials, services and sundry goods | 60/61 | €96,864 | €204,255 | +€107,391 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €51,729 | +€51,729 | |
| Other operating charges | 640/8 | €384 | €613 | +€228 | +59.3% |
| Gross operating margin | 9900 | €3,096 | €55,555 | +€52,459 | +1,694% |
| Operating profit (loss) | 9901 | €2,712 | €3,214 | +€502 | +18.5% |
| Financial charges | 65/66B | €57 | €81 | +€24 | +41.3% |
| Recurring financial charges | 65 | €57 | €81 | +€24 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €2,655 | €3,133 | +€478 | +18.0% |
| Income taxes | 67/77 | €1,201 | €1,531 | +€330 | +27.5% |
| Profit (loss) for the period | 9904 | €1,454 | €1,602 | +€148 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,454 | €1,602 | +€148 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.