LUMA Consult: 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 Consult
Largest movements
- Receivables within one year +€80,087
up €80,087 (+164%), from €48,796 to €128,883
of which Trade receivables: +€82,531
- Tangible fixed assets -€65,535
down €65,535 (-4.7%), from €1.4m to €1.3m
of which Furniture and vehicles: -€33,494
- Cash +€31,221
up €31,221 (+252%), from €12,404 to €43,625
mainly Debts after one year (+€225,224) and Depreciation (+€138,918)
- Debts after one year +€225,224
up €225,224 (+35.0%), from €643,460 to €868,684
- Other debts -€224,567
down €224,567 (-71.7%), from €313,111 to €88,545
- Reserves +€26,266
up €26,266 (+9.0%), from €291,247 to €317,513
of which Distributable reserves: +€29,344
- Current portion of long-term debt +€23,577
up €23,577 (+16.1%), from €146,605 to €170,182
- Depreciation +€17,054
up €17,054 (+14.0%), from €121,864 to €138,918
- Gross operating margin +€9,568
up €9,568 (+4.4%), from €215,649 to €225,217
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 | €1,465,054 | €1,513,690 | +€48,637 | +3.3% |
| Fixed assets | 21/28 | €1,395,496 | €1,329,961 | -€65,535 | -4.7% |
| Tangible fixed assets | 22/27 | €1,395,481 | €1,329,946 | -€65,535 | -4.7% |
| Land and buildings | 22 | €891,662 | €890,379 | -€1,282 | -0.1% |
| Plant, machinery and equipment | 23 | €386,657 | €355,898 | -€30,759 | -8.0% |
| Furniture and vehicles | 24 | €117,162 | €83,668 | -€33,494 | -28.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €69,557 | €183,730 | +€114,172 | +164% |
| Amounts receivable within one year | 40/41 | €48,796 | €128,883 | +€80,087 | +164% |
| Trade receivables | 40 | €26,723 | €109,254 | +€82,531 | +309% |
| Other amounts receivable | 41 | €22,073 | €19,629 | -€2,444 | -11.1% |
| Cash at bank and in hand | 54/58 | €12,404 | €43,625 | +€31,221 | +252% |
| Deferred charges and accrued income | 490/1 | €8,357 | €11,222 | +€2,865 | +34.3% |
| Total equity and liabilities | 10/49 | €1,465,054 | €1,513,690 | +€48,637 | +3.3% |
| Equity | 10/15 | €297,447 | €323,713 | +€26,266 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,247 | €317,513 | +€26,266 | +9.0% |
| Tax-exempt reserves | 132 | €40,375 | €37,297 | -€3,078 | -7.6% |
| Distributable reserves | 133 | €250,872 | €280,216 | +€29,344 | +11.7% |
| Provisions and deferred taxes | 16 | €10,094 | €9,324 | -€769 | -7.6% |
| Deferred taxes | 168 | €10,094 | €9,324 | -€769 | -7.6% |
| Amounts payable | 17/49 | €1,157,513 | €1,180,653 | +€23,140 | +2.0% |
| Amounts payable after more than one year | 17 | €643,460 | €868,684 | +€225,224 | +35.0% |
| Financial debts | 170/4 | €643,460 | €868,684 | +€225,224 | +35.0% |
| Amounts payable within one year | 42/48 | €513,278 | €311,194 | -€202,084 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €146,605 | €170,182 | +€23,577 | +16.1% |
| Financial debts | 43 | €433 | €1,282 | +€849 | +196% |
| Credit institutions | 430/8 | €433 | €1,282 | +€849 | +196% |
| Trade debts | 44 | €30,863 | €15,872 | -€14,991 | -48.6% |
| Suppliers | 440/4 | €30,863 | €15,872 | -€14,991 | -48.6% |
| Taxes, remuneration and social security | 45 | €22,266 | €35,314 | +€13,048 | +58.6% |
| Taxes | 450/3 | €22,266 | €35,314 | +€13,048 | +58.6% |
| Other amounts payable | 47/48 | €313,111 | €88,545 | -€224,567 | -71.7% |
| Accrued charges and deferred income | 492/3 | €775 | €775 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,864 | €138,918 | +€17,054 | +14.0% |
| Other operating charges | 640/8 | €5,104 | €5,084 | -€20 | -0.4% |
| Gross operating margin | 9900 | €215,649 | €225,217 | +€9,568 | +4.4% |
| Operating profit (loss) | 9901 | €88,682 | €81,215 | -€7,467 | -8.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €35,227 | €36,710 | +€1,482 | +4.2% |
| Recurring financial charges | 65 | €35,227 | €36,710 | +€1,482 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €53,455 | €44,505 | -€8,950 | -16.7% |
| Transfer from deferred taxes | 780 | €769 | €769 | = | 0.0% |
| Income taxes | 67/77 | €17,667 | €19,009 | +€1,342 | +7.6% |
| Profit (loss) for the period | 9904 | €36,558 | €26,266 | -€10,292 | -28.2% |
| Transfer from tax-exempt reserves | 789 | €3,078 | €3,078 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,636 | €29,344 | -€10,292 | -26.0% |
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 17 October 2026 via checked.be.