Lux-Form: 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.
Lux-Form
Largest movements
- Tangible fixed assets -€17,047
down €17,047 (-2.7%), from €636,723 to €619,676
- Cash -€12,137
down €12,137 (-29.1%), from €41,750 to €29,613
mainly Net result for the year (-€20,119) and Investment in fixed assets (net) (-€14,552)
- Reserves -€20,119
down €20,119 (-23.8%), from €84,503 to €64,384
of which Distributable reserves: -€18,546
- Other debts -€8,994
down €8,994 (-2.5%), from €361,252 to €352,257
- Gross operating margin +€15,304
up €15,304 (+27202.3%), from €56 to €15,360
- Depreciation +€534
up €534 (+1.7%), from €31,065 to €31,599
- Other operating charges +€260
up €260 (+7.3%), from €3,575 to €3,835
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 | €680,812 | €651,699 | -€29,113 | -4.3% |
| Fixed assets | 21/28 | €636,723 | €619,676 | -€17,047 | -2.7% |
| Tangible fixed assets | 22/27 | €636,723 | €619,676 | -€17,047 | -2.7% |
| Land and buildings | 22 | €636,723 | €619,676 | -€17,047 | -2.7% |
| Current assets | 29/58 | €44,089 | €32,023 | -€12,066 | -27.4% |
| Amounts receivable within one year | 40/41 | €2,179 | €2,242 | +€64 | +2.9% |
| Trade receivables | 40 | €2,179 | €2,242 | +€64 | +2.9% |
| Cash at bank and in hand | 54/58 | €41,750 | €29,613 | -€12,137 | -29.1% |
| Deferred charges and accrued income | 490/1 | €160 | €168 | +€7 | +4.5% |
| Total equity and liabilities | 10/49 | €680,812 | €651,699 | -€29,113 | -4.3% |
| Equity | 10/15 | €198,534 | €178,415 | -€20,119 | -10.1% |
| Contributions | 10/11 | €114,031 | €114,031 | = | 0.0% |
| Capital | 10 | €114,031 | €114,031 | = | 0.0% |
| Issued capital | 100 | €114,031 | €114,031 | = | 0.0% |
| Reserves | 13 | €84,503 | €64,384 | -€20,119 | -23.8% |
| Non-distributable reserves | 130/1 | €11,403 | €11,403 | = | 0.0% |
| Legal reserve | 130 | €11,403 | €11,403 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,281 | €2,708 | -€1,573 | -36.7% |
| Distributable reserves | 133 | €68,819 | €50,273 | -€18,546 | -26.9% |
| Amounts payable | 17/49 | €482,278 | €473,284 | -€8,994 | -1.9% |
| Amounts payable after more than one year | 17 | €114,031 | €114,031 | = | 0.0% |
| Financial debts | 170/4 | €114,031 | €114,031 | = | 0.0% |
| Amounts payable within one year | 42/48 | €363,770 | €354,776 | -€8,994 | -2.5% |
| Trade debts | 44 | €2,518 | €2,518 | = | 0.0% |
| Suppliers | 440/4 | €2,518 | €2,518 | = | 0.0% |
| Other amounts payable | 47/48 | €361,252 | €352,257 | -€8,994 | -2.5% |
| Accrued charges and deferred income | 492/3 | €4,477 | €4,477 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,065 | €31,599 | +€534 | +1.7% |
| Other operating charges | 640/8 | €3,575 | €3,835 | +€260 | +7.3% |
| Gross operating margin | 9900 | €56 | €15,360 | +€15,304 | +27202.3% |
| Operating profit (loss) | 9901 | -€34,584 | -€20,074 | +€14,511 | +42.0% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €76 | €78 | +€2 | +2.0% |
| Recurring financial charges | 65 | €76 | €78 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,660 | -€20,119 | +€14,542 | +42.0% |
| Profit (loss) for the period | 9904 | -€34,660 | -€20,119 | +€14,542 | +42.0% |
| Transfer from tax-exempt reserves | 789 | €1,595 | €1,573 | -€22 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,065 | -€18,546 | +€14,520 | +43.9% |
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.