Luema: 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.
Luema
Largest movements
- Intangible fixed assets +€12,986
up €12,986 (+61.1%), from €21,244 to €34,230
- Cash -€3,413
down €3,413 (-5.4%), from €63,514 to €60,101
mainly Investment in fixed assets (net) (-€17,000) and Tax, wage and social debts (-€8,659)
- Tangible fixed assets -€2,076
down €2,076 (-24.7%), from €8,396 to €6,320
of which Furniture and vehicles: -€1,189
- Reserves +€26,688
up €26,688 (+54.9%), from €48,586 to €75,274
- Tax, wage and social debts -€8,659
down €8,659 (-91.7%), from €9,438 to €779
of which Taxes: -€7,427
- Other debts -€6,107
down €6,107 (-20.2%), from €30,226 to €24,119
- Trade debts -€3,871
down €3,871 (-81.9%), from €4,727 to €856
- Gross operating margin -€31,374
down €31,374 (-43.4%), from €72,330 to €40,956
- Taxes -€11,431
down €11,431 (-60.8%), from €18,811 to €7,380
- Depreciation +€3,181
up €3,181 (+109.4%), from €2,909 to €6,090
- Other operating charges -€765
down €765 (-62.1%), from €1,231 to €466
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 | €94,077 | €102,378 | +€8,301 | +8.8% |
| Fixed assets | 21/28 | €30,340 | €41,250 | +€10,910 | +36.0% |
| Intangible fixed assets | 21 | €21,244 | €34,230 | +€12,986 | +61.1% |
| Tangible fixed assets | 22/27 | €8,396 | €6,320 | -€2,076 | -24.7% |
| Plant, machinery and equipment | 23 | €2,010 | €1,123 | -€887 | -44.1% |
| Furniture and vehicles | 24 | €6,386 | €5,197 | -€1,189 | -18.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €63,737 | €61,128 | -€2,609 | -4.1% |
| Amounts receivable within one year | 40/41 | - | €815 | +€815 | |
| Other amounts receivable | 41 | - | €815 | +€815 | |
| Cash at bank and in hand | 54/58 | €63,514 | €60,101 | -€3,413 | -5.4% |
| Deferred charges and accrued income | 490/1 | €223 | €212 | -€11 | -4.9% |
| Total equity and liabilities | 10/49 | €94,077 | €102,378 | +€8,301 | +8.8% |
| Equity | 10/15 | €49,586 | €76,274 | +€26,688 | +53.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,586 | €75,274 | +€26,688 | +54.9% |
| Distributable reserves | 133 | €48,586 | €75,274 | +€26,688 | +54.9% |
| Amounts payable | 17/49 | €44,491 | €26,104 | -€18,387 | -41.3% |
| Amounts payable within one year | 42/48 | €44,390 | €25,754 | -€18,636 | -42.0% |
| Trade debts | 44 | €4,727 | €856 | -€3,871 | -81.9% |
| Suppliers | 440/4 | €4,727 | €856 | -€3,871 | -81.9% |
| Taxes, remuneration and social security | 45 | €9,438 | €779 | -€8,659 | -91.7% |
| Taxes | 450/3 | €8,206 | €779 | -€7,427 | -90.5% |
| Remuneration and social security | 454/9 | €1,232 | - | -€1,232 | |
| Other amounts payable | 47/48 | €30,226 | €24,119 | -€6,107 | -20.2% |
| Accrued charges and deferred income | 492/3 | €100 | €350 | +€250 | +248.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,909 | €6,090 | +€3,181 | +109.4% |
| Other operating charges | 640/8 | €1,231 | €466 | -€765 | -62.1% |
| Gross operating margin | 9900 | €72,330 | €40,956 | -€31,374 | -43.4% |
| Operating profit (loss) | 9901 | €68,191 | €34,400 | -€33,791 | -49.6% |
| Financial income | 75/76B | €297 | €651 | +€354 | +118.8% |
| Recurring financial income | 75 | €297 | €651 | +€354 | +118.8% |
| Financial charges | 65/66B | €258 | €150 | -€108 | -41.8% |
| Recurring financial charges | 65 | €258 | €150 | -€108 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €68,230 | €34,901 | -€33,329 | -48.8% |
| Income taxes | 67/77 | €18,811 | €7,380 | -€11,431 | -60.8% |
| Profit (loss) for the period | 9904 | €49,419 | €27,521 | -€21,898 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,419 | €27,521 | -€21,898 | -44.3% |
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.