LUMA: 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.
What changed
LUMA
NACE 31.002, Manufacture of furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€391,869
2024 · €392,540-€672
Equity
€4.4m
2024 · €4.0m+€391,869
Cash
€1.1m
2024 · €1.5m-€385,311
Balance sheet total
€17.2m
2024 · €15.6m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+13.6%), from €9.7m to €11.0m
of which Leasing and similar rights: +€1.4m
- Current investments +€550,000
new in 2025: €550,000
- Cash -€385,311
down €385,311 (-25.8%), from €1.5m to €1.1m
mainly Investment in fixed assets (net) (-€2.0m) and Trade debts (-€1.0m)
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+16.3%), from €7.6m to €8.8m
- Trade debts -€1.0m
down €1.0m (-60.9%), from €1.7m to €667,842
- Current portion of long-term debt +€984,492
up €984,492 (+106.2%), from €927,342 to €1.9m
- Reserves +€391,869
up €391,869 (+10.1%), from €3.9m to €4.3m
of which Distributable reserves: +€391,869
Income statement
- Staff costs -€93,367
down €93,367 (-4.8%), from €1.9m to €1.8m
- Gross operating margin +€58,644
up €58,644 (+1.7%), from €3.5m to €3.5m
- Financial charges +€55,489
up €55,489 (+11.7%), from €473,288 to €528,777
- Taxes +€45,320
up €45,320 (+172.7%), from €26,249 to €71,569
- Depreciation +€42,678
up €42,678 (+6.9%), from €614,675 to €657,354
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.
Result 2024
€392,540
Gross operating margin
+€58,644
Staff costs
+€93,367
Depreciation
-€42,678
Other operating charges
-€4,091
Financial income
-€2,804
Financial charges
-€55,489
Taxes
-€45,320
Deferred taxes and other
-€2,300
Result 2025
€391,869
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.
From operations
-€79,064
Investment
-€2.5m
Financing
+€2.2m
Cash 2024
€1.5m
From operations (derived)
-€79,064
Net result for the year
+€391,869
Depreciation
+€657,354
Receivables after one year
+€107,355
Stocks and contracts
-€99,274
Receivables within one year
-€73,938
Deferred charges and accrued income
+€5,155
Trade debts
-€1.0m
Tax, wage and social debts
+€95,288
Other debts
-€122,420
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.0m
Current investments
-€550,000
Financing
+€2.2m
Debts after one year
+€1.2m
Current portion of long-term debt
+€984,492
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,634,322 | €17,180,613 | +€1.5m | +9.9% |
| Fixed assets | 21/28 | €9,692,840 | €11,013,740 | +€1.3m | +13.6% |
| Tangible fixed assets | 22/27 | €9,692,840 | €11,013,740 | +€1.3m | +13.6% |
| Land and buildings | 22 | €8,633,755 | €8,335,708 | -€298,047 | -3.5% |
| Plant, machinery and equipment | 23 | €179,453 | €427,037 | +€247,584 | +138.0% |
| Furniture and vehicles | 24 | €161,605 | €125,456 | -€36,150 | -22.4% |
| Leasing and similar rights | 25 | €579,584 | €2,012,110 | +€1.4m | +247.2% |
| Assets under construction and advance payments | 27 | €138,442 | €113,430 | -€25,012 | -18.1% |
| Current assets | 29/58 | €5,941,482 | €6,166,873 | +€225,391 | +3.8% |
| Amounts receivable after more than one year | 29 | €107,355 | €0 | -€107,355 | -100.0% |
| Other amounts receivable | 291 | €107,355 | €0 | -€107,355 | -100.0% |
| Stocks and contracts in progress | 3 | €3,439,087 | €3,538,361 | +€99,274 | +2.9% |
| Stocks | 30/36 | €1,963,325 | €2,071,183 | +€107,858 | +5.5% |
| Contracts in progress | 37 | €1,475,762 | €1,467,178 | -€8,584 | -0.6% |
| Amounts receivable within one year | 40/41 | €866,102 | €940,039 | +€73,938 | +8.5% |
| Trade receivables | 40 | €790,984 | €922,908 | +€131,924 | +16.7% |
| Other amounts receivable | 41 | €75,117 | €17,131 | -€57,986 | -77.2% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €1,491,729 | €1,106,418 | -€385,311 | -25.8% |
| Deferred charges and accrued income | 490/1 | €37,209 | €32,054 | -€5,155 | -13.9% |
| Total equity and liabilities | 10/49 | €15,634,322 | €17,180,613 | +€1.5m | +9.9% |
| Equity | 10/15 | €4,017,305 | €4,409,174 | +€391,869 | +9.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €3,897,305 | €4,289,174 | +€391,869 | +10.1% |
| Tax-exempt reserves | 132 | €104,650 | €104,650 | = | 0.0% |
| Distributable reserves | 133 | €3,792,655 | €4,184,524 | +€391,869 | +10.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €11,617,017 | €12,771,439 | +€1.2m | +9.9% |
| Amounts payable after more than one year | 17 | €7,583,252 | €8,820,766 | +€1.2m | +16.3% |
| Financial debts | 170/4 | €7,583,252 | €8,820,766 | +€1.2m | +16.3% |
| Amounts payable within one year | 42/48 | €4,033,765 | €3,950,673 | -€83,092 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €927,342 | €1,911,834 | +€984,492 | +106.2% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €1,708,294 | €667,842 | -€1.0m | -60.9% |
| Suppliers | 440/4 | €1,708,294 | €667,842 | -€1.0m | -60.9% |
| Taxes, remuneration and social security | 45 | €231,623 | €326,911 | +€95,288 | +41.1% |
| Taxes | 450/3 | €16,447 | €18,876 | +€2,428 | +14.8% |
| Remuneration and social security | 454/9 | €215,176 | €308,035 | +€92,859 | +43.2% |
| Other amounts payable | 47/48 | €166,506 | €44,086 | -€122,420 | -73.5% |
| Non-recurring operating income | 76A | €68 | €0 | -€68 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,931,467 | €1,838,100 | -€93,367 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614,675 | €657,354 | +€42,678 | +6.9% |
| Other operating charges | 640/8 | €46,423 | €50,514 | +€4,091 | +8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,474,285 | €3,532,929 | +€58,644 | +1.7% |
| Operating profit (loss) | 9901 | €881,720 | €986,961 | +€105,241 | +11.9% |
| Financial income | 75/76B | €8,058 | €5,254 | -€2,804 | -34.8% |
| Recurring financial income | 75 | €8,058 | €5,254 | -€2,804 | -34.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €473,288 | €528,777 | +€55,489 | +11.7% |
| Recurring financial charges | 65 | €473,288 | €528,777 | +€55,489 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €416,490 | €463,438 | +€46,948 | +11.3% |
| Transfer from deferred taxes | 780 | €2,300 | €0 | -€2,300 | -100.0% |
| Income taxes | 67/77 | €26,249 | €71,569 | +€45,320 | +172.7% |
| Profit (loss) for the period | 9904 | €392,540 | €391,869 | -€672 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €11,700 | €0 | -€11,700 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €404,240 | €391,869 | -€12,372 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.