LUMA: 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.
LUMA
Largest movements
- Cash +€14,190
up €14,190 (+77.8%), from €18,251 to €32,442
mainly Debts after one year (+€8,476) and Net result for the year (+€4,307)
- Debts after one year +€8,476
up €8,476 (+12.3%), from €68,656 to €77,132
- Profit (loss) carried forward +€4,307
up €4,307 (+3.5%), from -€124,801 to -€120,493
- Accrued charges and deferred income +€1,180
new in 2025: €1,180
- Depreciation -€7,742
down €7,742 (-97.2%), from €7,969 to €227
- Gross operating margin +€1,124
up €1,124 (+21.8%), from €5,165 to €6,289
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 | €102,855 | €116,819 | +€13,963 | +13.6% |
| Fixed assets | 21/28 | €84,604 | €84,377 | -€227 | -0.3% |
| Tangible fixed assets | 22/27 | €84,604 | €84,377 | -€227 | -0.3% |
| Land and buildings | 22 | €84,604 | €84,377 | -€227 | -0.3% |
| Current assets | 29/58 | €18,251 | €32,442 | +€14,190 | +77.8% |
| Cash at bank and in hand | 54/58 | €18,251 | €32,442 | +€14,190 | +77.8% |
| Total equity and liabilities | 10/49 | €102,855 | €116,819 | +€13,963 | +13.6% |
| Equity | 10/15 | €34,200 | €38,507 | +€4,307 | +12.6% |
| Contributions | 10/11 | €159,000 | €159,000 | = | 0.0% |
| Capital | 10 | €159,000 | €159,000 | = | 0.0% |
| Issued capital | 100 | €159,000 | €159,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,801 | -€120,493 | +€4,307 | +3.5% |
| Amounts payable | 17/49 | €68,656 | €78,312 | +€9,656 | +14.1% |
| Amounts payable after more than one year | 17 | €68,656 | €77,132 | +€8,476 | +12.3% |
| Other amounts payable | 178/9 | €68,656 | €77,132 | +€8,476 | +12.3% |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,180 | +€1,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,969 | €227 | -€7,742 | -97.2% |
| Other operating charges | 640/8 | €1,651 | €1,701 | +€50 | +3.0% |
| Gross operating margin | 9900 | €5,165 | €6,289 | +€1,124 | +21.8% |
| Operating profit (loss) | 9901 | -€4,455 | €4,361 | +€8,817 | |
| Financial charges | 65/66B | €3 | €54 | +€51 | +1700.0% |
| Recurring financial charges | 65 | €3 | €54 | +€51 | +1700.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,458 | €4,307 | +€8,766 | |
| Profit (loss) for the period | 9904 | -€4,458 | €4,307 | +€8,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,458 | €4,307 | +€8,766 |
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 7 October 2026 via checked.be.