CONCEPT - LUMINIS: 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.
CONCEPT - LUMINIS
Largest movements
- Cash +€53,748
up €53,748 (+65.4%), from €82,246 to €135,994
mainly Depreciation (+€22,530) and Net result for the year (+€20,561)
- Receivables within one year -€16,610
down €16,610 (-36.1%), from €46,069 to €29,459
of which Trade receivables: -€13,835
- Tangible fixed assets -€13,146
down €13,146 (-18.1%), from €72,622 to €59,476
of which Land and buildings: -€7,596
- Reserves +€20,500
up €20,500 (+50.2%), from €40,800 to €61,300
- Other debts +€5,759
up €5,759 (+16.1%), from €35,667 to €41,426
- Staff costs -€19,121
down €19,121 (-22.6%), from €84,445 to €65,324
- Gross operating margin -€12,310
down €12,310 (-9.3%), from €132,575 to €120,265
- Taxes +€2,716
up €2,716 (+40.2%), from €6,752 to €9,468
- Depreciation +€2,535
up €2,535 (+12.7%), from €19,996 to €22,530
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 | €271,217 | €295,849 | +€24,632 | +9.1% |
| Fixed assets | 21/28 | €72,622 | €59,476 | -€13,146 | -18.1% |
| Tangible fixed assets | 22/27 | €72,622 | €59,476 | -€13,146 | -18.1% |
| Land and buildings | 22 | €25,426 | €17,830 | -€7,596 | -29.9% |
| Plant, machinery and equipment | 23 | €6,960 | €5,109 | -€1,851 | -26.6% |
| Furniture and vehicles | 24 | €40,236 | €36,537 | -€3,699 | -9.2% |
| Current assets | 29/58 | €198,595 | €236,373 | +€37,778 | +19.0% |
| Stocks and contracts in progress | 3 | €10,280 | €10,920 | +€640 | +6.2% |
| Stocks | 30/36 | €8,280 | €7,920 | -€360 | -4.3% |
| Contracts in progress | 37 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €46,069 | €29,459 | -€16,610 | -36.1% |
| Trade receivables | 40 | €36,027 | €22,192 | -€13,835 | -38.4% |
| Other amounts receivable | 41 | €10,042 | €7,267 | -€2,775 | -27.6% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,246 | €135,994 | +€53,748 | +65.4% |
| Total equity and liabilities | 10/49 | €271,217 | €295,849 | +€24,632 | +9.1% |
| Equity | 10/15 | €224,797 | €244,939 | +€20,142 | +9.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €40,800 | €61,300 | +€20,500 | +50.2% |
| Non-distributable reserves | 130/1 | €40,800 | €61,300 | +€20,500 | +50.2% |
| Reserves not available under the articles | 1311 | €40,800 | €61,300 | +€20,500 | +50.2% |
| Profit (loss) carried forward | 14 | €166,503 | €166,565 | +€61 | 0.0% |
| Investment grants | 15 | €3,233 | €2,814 | -€419 | -13.0% |
| Amounts payable | 17/49 | €46,420 | €50,910 | +€4,490 | +9.7% |
| Amounts payable within one year | 42/48 | €46,420 | €50,910 | +€4,490 | +9.7% |
| Trade debts | 44 | €5,260 | €5,453 | +€194 | +3.7% |
| Suppliers | 440/4 | €5,260 | €5,453 | +€194 | +3.7% |
| Taxes, remuneration and social security | 45 | €5,494 | €4,031 | -€1,463 | -26.6% |
| Taxes | 450/3 | - | €1,468 | +€1,468 | |
| Remuneration and social security | 454/9 | €5,494 | €2,562 | -€2,932 | -53.4% |
| Other amounts payable | 47/48 | €35,667 | €41,426 | +€5,759 | +16.1% |
| Non-recurring operating income | 76A | - | €16,996 | +€16,996 | |
| Remuneration, social security and pensions | 62 | €84,445 | €65,324 | -€19,121 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,996 | €22,530 | +€2,535 | +12.7% |
| Other operating charges | 640/8 | €4,773 | €4,389 | -€384 | -8.1% |
| Non-recurring operating charges | 66A | €360 | - | -€360 | |
| Gross operating margin | 9900 | €132,575 | €120,265 | -€12,310 | -9.3% |
| Operating profit (loss) | 9901 | €23,001 | €28,022 | +€5,021 | +21.8% |
| Financial income | 75/76B | €2,034 | €2,608 | +€574 | +28.2% |
| Recurring financial income | 75 | €2,034 | €2,608 | +€574 | +28.2% |
| Financial charges | 65/66B | €387 | €600 | +€213 | +55.0% |
| Recurring financial charges | 65 | €387 | €600 | +€213 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €24,648 | €30,030 | +€5,381 | +21.8% |
| Income taxes | 67/77 | €6,752 | €9,468 | +€2,716 | +40.2% |
| Profit (loss) for the period | 9904 | €17,896 | €20,561 | +€2,665 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,896 | €20,561 | +€2,665 | +14.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.