LUMA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash -€225,302
down €225,302 (-85.9%), from €262,188 to €36,887
mainly Other debts (-€273,456) and Net result for the year (-€198,634)
- Stocks and contracts +€152,211
up €152,211 (+5.0%), from €3.1m to €3.2m
- Other debts -€273,456
down €273,456 (-89.6%), from €305,245 to €31,790
- Advances received +€272,199
up €272,199 (+15.2%), from €1.8m to €2.1m
- Profit (loss) carried forward -€198,634
down €198,634 (-111.5%), from -€178,076 to -€376,711
- Current portion of long-term debt +€103,735
up €103,735 (+9.4%), from €1.1m to €1.2m
- Provisions +€54,703
new in 2025: €54,703
- Gross operating margin -€66,405
down €66,405 (-286.7%), from -€23,159 to -€89,564
- Provisions +€54,703
new in 2025: €54,703
- Financial charges -€15,263
down €15,263 (-18.7%), from €81,468 to €66,205
- Financial income +€13,388
up €13,388 (+3946.3%), from €339 to €13,727
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 | €3,375,051 | €3,305,553 | -€69,497 | -2.1% |
| Fixed assets | 21/28 | €1,003 | €8,309 | +€7,306 | +728.3% |
| Tangible fixed assets | 22/27 | €1,003 | €659 | -€344 | -34.3% |
| Furniture and vehicles | 24 | €1,003 | €659 | -€344 | -34.3% |
| Financial fixed assets | 28 | - | €7,650 | +€7,650 | |
| Current assets | 29/58 | €3,374,047 | €3,297,244 | -€76,803 | -2.3% |
| Stocks and contracts in progress | 3 | €3,050,286 | €3,202,497 | +€152,211 | +5.0% |
| Stocks | 30/36 | €3,050,286 | €3,202,497 | +€152,211 | +5.0% |
| Amounts receivable within one year | 40/41 | €58,826 | €56,281 | -€2,545 | -4.3% |
| Trade receivables | 40 | €58,826 | €4,046 | -€54,780 | -93.1% |
| Other amounts receivable | 41 | - | €52,235 | +€52,235 | |
| Cash at bank and in hand | 54/58 | €262,188 | €36,887 | -€225,302 | -85.9% |
| Deferred charges and accrued income | 490/1 | €2,747 | €1,580 | -€1,167 | -42.5% |
| Total equity and liabilities | 10/49 | €3,375,051 | €3,305,553 | -€69,497 | -2.1% |
| Equity | 10/15 | -€153,076 | -€351,711 | -€198,634 | -129.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,076 | -€376,711 | -€198,634 | -111.5% |
| Provisions and deferred taxes | 16 | - | €54,703 | +€54,703 | |
| Provisions for liabilities and charges | 160/5 | - | €54,703 | +€54,703 | |
| Other liabilities and charges | 164/5 | - | €54,703 | +€54,703 | |
| Amounts payable | 17/49 | €3,528,127 | €3,602,561 | +€74,434 | +2.1% |
| Amounts payable within one year | 42/48 | €3,526,811 | €3,602,561 | +€75,750 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €1,099,952 | €1,203,687 | +€103,735 | +9.4% |
| Trade debts | 44 | €238,546 | €227,942 | -€10,603 | -4.4% |
| Suppliers | 440/4 | €238,546 | €227,942 | -€10,603 | -4.4% |
| Advances received on contracts in progress | 46 | €1,794,129 | €2,066,328 | +€272,199 | +15.2% |
| Taxes, remuneration and social security | 45 | €88,938 | €72,814 | -€16,124 | -18.1% |
| Taxes | 450/3 | €88,938 | €72,814 | -€16,124 | -18.1% |
| Other amounts payable | 47/48 | €305,245 | €31,790 | -€273,456 | -89.6% |
| Accrued charges and deferred income | 492/3 | €1,316 | - | -€1,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €344 | +€315 | +1080.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €54,703 | +€54,703 | |
| Other operating charges | 640/8 | €692 | €1,380 | +€688 | +99.3% |
| Gross operating margin | 9900 | -€23,159 | -€89,564 | -€66,405 | -286.7% |
| Operating profit (loss) | 9901 | -€23,881 | -€145,991 | -€122,110 | -511.3% |
| Financial income | 75/76B | €339 | €13,727 | +€13,388 | +3946.3% |
| Recurring financial income | 75 | €339 | €13,727 | +€13,388 | +3946.3% |
| Financial charges | 65/66B | €81,468 | €66,205 | -€15,263 | -18.7% |
| Recurring financial charges | 65 | €81,468 | €66,205 | -€15,263 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€105,009 | -€198,469 | -€93,459 | -89.0% |
| Income taxes | 67/77 | €128 | €166 | +€38 | +29.3% |
| Profit (loss) for the period | 9904 | -€105,137 | -€198,634 | -€93,497 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,137 | -€198,634 | -€93,497 | -88.9% |
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 6 October 2026 via checked.be.