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.
LUMA
Largest movements
- Tangible fixed assets -€11,859
down €11,859 (-3.5%), from €338,080 to €326,221
of which Land and buildings: -€11,619
- Cash -€8,275
down €8,275 (-7.8%), from €105,490 to €97,215
mainly Debts after one year (-€18,595) and Net result for the year (-€2,350)
- Debts after one year -€18,595
down €18,595 (-31.1%), from €59,806 to €41,211
- Gross operating margin +€4,157
up €4,157 (+49.2%), from €8,442 to €12,599
- Other operating charges +€2,296
new in 2025: €2,296
- Financial income -€331
down €331 (-44.5%), from €743 to €412
- Financial charges -€300
down €300 (-19.9%), from €1,505 to €1,205
- Taxes +€149
no longer reported in 2025 (was -€149)
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.
Derived cash bridge
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 | €443,570 | €424,210 | -€19,360 | -4.4% |
| Fixed assets | 21/28 | €338,080 | €326,221 | -€11,859 | -3.5% |
| Tangible fixed assets | 22/27 | €338,080 | €326,221 | -€11,859 | -3.5% |
| Land and buildings | 22 | €337,840 | €326,221 | -€11,619 | -3.4% |
| Plant, machinery and equipment | 23 | €240 | €0 | -€240 | -100% |
| Current assets | 29/58 | €105,490 | €97,989 | -€7,501 | -7.1% |
| Amounts receivable after more than one year | 29 | - | €774 | +€774 | |
| Trade receivables | 290 | - | €774 | +€774 | |
| Cash at bank and in hand | 54/58 | €105,490 | €97,215 | -€8,275 | -7.8% |
| Total equity and liabilities | 10/49 | €443,570 | €424,210 | -€19,360 | -4.4% |
| Equity | 10/15 | €362,937 | €360,587 | -€2,350 | -0.6% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €372,398 | €372,398 | = | 0.0% |
| Distributable reserves | 133 | €372,398 | €372,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,661 | -€80,011 | -€2,350 | -3.0% |
| Amounts payable | 17/49 | €80,633 | €63,623 | -€17,010 | -21.1% |
| Amounts payable after more than one year | 17 | €59,806 | €41,211 | -€18,595 | -31.1% |
| Financial debts | 170/4 | €59,806 | €41,211 | -€18,595 | -31.1% |
| Amounts payable within one year | 42/48 | €20,827 | €20,972 | +€145 | +0.7% |
| Financial debts | 43 | €18,331 | €18,595 | +€264 | +1.4% |
| Credit institutions | 430/8 | €18,331 | €18,595 | +€264 | +1.4% |
| Taxes, remuneration and social security | 45 | €65 | €45 | -€20 | -30.8% |
| Taxes | 450/3 | €65 | - | -€65 | |
| Remuneration and social security | 454/9 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €2,431 | €2,332 | -€99 | -4.1% |
| Accrued charges and deferred income | 492/3 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,860 | €11,860 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,296 | +€2,296 | |
| Gross operating margin | 9900 | €8,442 | €12,599 | +€4,157 | +49.2% |
| Operating profit (loss) | 9901 | -€3,418 | -€1,557 | +€1,861 | +54.4% |
| Financial income | 75/76B | €743 | €412 | -€331 | -44.5% |
| Recurring financial income | 75 | €743 | €412 | -€331 | -44.5% |
| Financial charges | 65/66B | €1,505 | €1,205 | -€300 | -19.9% |
| Recurring financial charges | 65 | €1,505 | €1,205 | -€300 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,180 | -€2,350 | +€1,830 | +43.8% |
| Income taxes | 67/77 | -€149 | - | +€149 | |
| Profit (loss) for the period | 9904 | -€4,031 | -€2,350 | +€1,681 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,031 | -€2,350 | +€1,681 | +41.7% |
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 14 October 2026 via checked.be.