LUMAA: 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.
LUMAA
Largest movements
- Cash +€17,676
up €17,676 (+29.3%), from €60,402 to €78,078
mainly Depreciation (+€28,557) and Net result for the year (+€6,295)
- Tangible fixed assets -€7,148
down €7,148 (-3.4%), from €211,462 to €204,314
of which Land and buildings: -€5,286
- Deferred charges and accrued income -€4,937
down €4,937 (-59.1%), from €8,349 to €3,412
- Profit (loss) carried forward +€6,295
up €6,295 (+6.8%), from -€92,213 to -€85,918
- Gross operating margin -€22,671
down €22,671 (-35.5%), from €63,778 to €41,107
- Depreciation +€657
up €657 (+2.4%), from €27,900 to €28,557
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 | €280,213 | €285,804 | +€5,591 | +2.0% |
| Fixed assets | 21/28 | €211,462 | €204,314 | -€7,148 | -3.4% |
| Tangible fixed assets | 22/27 | €211,462 | €204,314 | -€7,148 | -3.4% |
| Land and buildings | 22 | €193,703 | €188,417 | -€5,286 | -2.7% |
| Plant, machinery and equipment | 23 | €13,441 | €11,209 | -€2,232 | -16.6% |
| Furniture and vehicles | 24 | €4,317 | €4,688 | +€370 | +8.6% |
| Current assets | 29/58 | €68,751 | €81,490 | +€12,739 | +18.5% |
| Cash at bank and in hand | 54/58 | €60,402 | €78,078 | +€17,676 | +29.3% |
| Deferred charges and accrued income | 490/1 | €8,349 | €3,412 | -€4,937 | -59.1% |
| Total equity and liabilities | 10/49 | €280,213 | €285,804 | +€5,591 | +2.0% |
| Equity | 10/15 | €163,441 | €169,736 | +€6,295 | +3.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €7,760 | €7,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,760 | €7,760 | = | 0.0% |
| Legal reserve | 130 | €7,760 | €7,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,213 | -€85,918 | +€6,295 | +6.8% |
| Amounts payable | 17/49 | €116,772 | €116,068 | -€704 | -0.6% |
| Amounts payable within one year | 42/48 | €116,374 | €116,068 | -€306 | -0.3% |
| Trade debts | 44 | €111 | €1,173 | +€1,062 | +953.9% |
| Suppliers | 440/4 | €111 | €1,173 | +€1,062 | +953.9% |
| Other amounts payable | 47/48 | €116,263 | €114,895 | -€1,368 | -1.2% |
| Accrued charges and deferred income | 492/3 | €398 | €0 | -€398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,900 | €28,557 | +€657 | +2.4% |
| Other operating charges | 640/8 | €5,656 | €5,826 | +€170 | +3.0% |
| Gross operating margin | 9900 | €63,778 | €41,107 | -€22,671 | -35.5% |
| Operating profit (loss) | 9901 | €30,221 | €6,724 | -€23,498 | -77.8% |
| Financial charges | 65/66B | €869 | €428 | -€441 | -50.7% |
| Recurring financial charges | 65 | €869 | €428 | -€441 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €29,352 | €6,295 | -€23,057 | -78.6% |
| Profit (loss) for the period | 9904 | €29,352 | €6,295 | -€23,057 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,352 | €6,295 | -€23,057 | -78.6% |
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 7 October 2026 via checked.be.