LUMA-INVESTMENTS: 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-INVESTMENTS
Largest movements
- Tangible fixed assets -€26,395
down €26,395 (-30.8%), from €85,628 to €59,232
of which Leasing and similar rights: -€27,833
- Cash +€5,224
up €5,224 (+7.0%), from €74,743 to €79,968
mainly Depreciation (+€27,934) and Net result for the year (+€13,604)
- Debts after one year -€28,103
down €28,103 (-48.0%), from €58,514 to €30,411
- Profit (loss) carried forward +€13,604
up €13,604 (+141%), from €9,645 to €23,248
- Tax, wage and social debts -€8,397
down €8,397 (-39.5%), from €21,233 to €12,836
- Trade debts +€3,958
up €3,958 (+135%), from €2,922 to €6,881
- Other debts -€2,152
down €2,152 (-47.9%), from €4,489 to €2,337
- Other operating charges -€4,720
down €4,720 (-47.7%), from €9,895 to €5,174
- Depreciation +€2,230
up €2,230 (+8.7%), from €25,704 to €27,934
- Staff costs -€1,520
down €1,520 (-100%), from €1,520 to €0
- Taxes +€1,297
up €1,297 (+38.6%), from €3,362 to €4,659
- Financial charges -€1,233
down €1,233 (-27.7%), from €4,453 to €3,220
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 | €168,601 | €148,657 | -€19,944 | -11.8% |
| Fixed assets | 21/28 | €85,628 | €59,232 | -€26,395 | -30.8% |
| Tangible fixed assets | 22/27 | €85,628 | €59,232 | -€26,395 | -30.8% |
| Furniture and vehicles | 24 | - | €1,438 | +€1,438 | |
| Leasing and similar rights | 25 | €85,628 | €57,795 | -€27,833 | -32.5% |
| Current assets | 29/58 | €82,974 | €89,425 | +€6,451 | +7.8% |
| Amounts receivable within one year | 40/41 | €5,827 | €6,971 | +€1,144 | +19.6% |
| Trade receivables | 40 | €5,827 | €6,971 | +€1,144 | +19.6% |
| Cash at bank and in hand | 54/58 | €74,743 | €79,968 | +€5,224 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,403 | €2,486 | +€82 | +3.4% |
| Total equity and liabilities | 10/49 | €168,601 | €148,657 | -€19,944 | -11.8% |
| Equity | 10/15 | €54,485 | €68,089 | +€13,604 | +25.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,841 | €41,841 | = | 0.0% |
| Distributable reserves | 133 | €41,841 | €41,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,645 | €23,248 | +€13,604 | +141% |
| Amounts payable | 17/49 | €114,116 | €80,568 | -€33,548 | -29.4% |
| Amounts payable after more than one year | 17 | €58,514 | €30,411 | -€28,103 | -48.0% |
| Financial debts | 170/4 | €58,514 | €30,411 | -€28,103 | -48.0% |
| Amounts payable within one year | 42/48 | €55,602 | €50,157 | -€5,444 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €26,958 | €28,103 | +€1,145 | +4.2% |
| Trade debts | 44 | €2,922 | €6,881 | +€3,958 | +135% |
| Suppliers | 440/4 | €2,922 | €6,881 | +€3,958 | +135% |
| Taxes, remuneration and social security | 45 | €21,233 | €12,836 | -€8,397 | -39.5% |
| Taxes | 450/3 | €21,233 | €12,836 | -€8,397 | -39.5% |
| Other amounts payable | 47/48 | €4,489 | €2,337 | -€2,152 | -47.9% |
| Remuneration, social security and pensions | 62 | €1,520 | €0 | -€1,520 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,704 | €27,934 | +€2,230 | +8.7% |
| Other operating charges | 640/8 | €9,895 | €5,174 | -€4,720 | -47.7% |
| Gross operating margin | 9900 | €54,578 | €54,591 | +€13 | 0.0% |
| Operating profit (loss) | 9901 | €17,460 | €21,482 | +€4,023 | +23.0% |
| Financial charges | 65/66B | €4,453 | €3,220 | -€1,233 | -27.7% |
| Recurring financial charges | 65 | €4,453 | €3,220 | -€1,233 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €13,007 | €18,263 | +€5,256 | +40.4% |
| Income taxes | 67/77 | €3,362 | €4,659 | +€1,297 | +38.6% |
| Profit (loss) for the period | 9904 | €9,645 | €13,604 | +€3,959 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,645 | €13,604 | +€3,959 | +41.0% |
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 30 October 2026 via checked.be.