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
- Receivables within one year +€23,505
up €23,505 (+81.7%), from €28,761 to €52,267
of which Trade receivables: +€18,078
- Cash -€1,745
down €1,745 (-42.3%), from €4,124 to €2,379
mainly Receivables within one year (-€23,505) and Tax, wage and social debts (-€13,617)
- Trade debts +€36,401
up €36,401 (+205%), from €17,775 to €54,176
- Tax, wage and social debts -€13,617
down €13,617 (-80.3%), from €16,955 to €3,338
- Profit (loss) carried forward -€2,019
down €2,019 (-7.8%), from -€25,790 to -€27,809
- Other operating charges -€10,080
down €10,080 (-58.4%), from €17,265 to €7,185
- Gross operating margin -€6,342
down €6,342 (-30.5%), from €20,814 to €14,472
- Financial charges +€2,858
up €2,858 (+10,170%), from €28 to €2,886
- Depreciation -€290
down €290 (-38.5%), from €752 to €463
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 | €33,883 | €54,646 | +€20,764 | +61.3% |
| Fixed assets | 21/28 | €463 | - | -€463 | |
| Tangible fixed assets | 22/27 | €463 | - | -€463 | |
| Plant, machinery and equipment | 23 | €303 | - | -€303 | |
| Furniture and vehicles | 24 | €159 | - | -€159 | |
| Current assets | 29/58 | €33,420 | €54,646 | +€21,226 | +63.5% |
| Amounts receivable within one year | 40/41 | €28,761 | €52,267 | +€23,505 | +81.7% |
| Trade receivables | 40 | €28,634 | €46,712 | +€18,078 | +63.1% |
| Other amounts receivable | 41 | €127 | €5,555 | +€5,427 | +4,261% |
| Cash at bank and in hand | 54/58 | €4,124 | €2,379 | -€1,745 | -42.3% |
| Deferred charges and accrued income | 490/1 | €534 | - | -€534 | |
| Total equity and liabilities | 10/49 | €33,883 | €54,646 | +€20,764 | +61.3% |
| Equity | 10/15 | -€1,749 | -€3,768 | -€2,019 | -115% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,491 | €5,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €3,636 | €3,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,790 | -€27,809 | -€2,019 | -7.8% |
| Amounts payable | 17/49 | €35,631 | €58,414 | +€22,782 | +63.9% |
| Amounts payable within one year | 42/48 | €35,631 | €58,414 | +€22,782 | +63.9% |
| Trade debts | 44 | €17,775 | €54,176 | +€36,401 | +205% |
| Suppliers | 440/4 | €17,775 | €54,176 | +€36,401 | +205% |
| Taxes, remuneration and social security | 45 | €16,955 | €3,338 | -€13,617 | -80.3% |
| Taxes | 450/3 | €16,955 | €3,338 | -€13,617 | -80.3% |
| Other amounts payable | 47/48 | €901 | €899 | -€2 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €752 | €463 | -€290 | -38.5% |
| Other operating charges | 640/8 | €17,265 | €7,185 | -€10,080 | -58.4% |
| Non-recurring operating charges | 66A | - | €6,094 | +€6,094 | |
| Gross operating margin | 9900 | €20,814 | €14,472 | -€6,342 | -30.5% |
| Operating profit (loss) | 9901 | €2,797 | €731 | -€2,066 | -73.9% |
| Financial income | 75/76B | €70 | €136 | +€66 | +94.2% |
| Recurring financial income | 75 | €70 | €136 | +€66 | +94.2% |
| Financial charges | 65/66B | €28 | €2,886 | +€2,858 | +10,170% |
| Recurring financial charges | 65 | €28 | €2,886 | +€2,858 | +10,170% |
| Profit (loss) for the period before taxes | 9903 | €2,839 | -€2,019 | -€4,858 | |
| Profit (loss) for the period | 9904 | €2,839 | -€2,019 | -€4,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,839 | -€2,019 | -€4,858 |
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 16 October 2026 via checked.be.