LUMANA: 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.
LUMANA
Largest movements
- Tangible fixed assets -€54,008
down €54,008 (-39.1%), from €138,176 to €84,168
of which Furniture and vehicles: -€27,854
- Cash -€13,967
down €13,967 (-64.2%), from €21,771 to €7,804
mainly Net result for the year (-€70,133) and Receivables within one year (-€7,941)
- Receivables within one year +€7,941
up €7,941 (+22.4%), from €35,425 to €43,367
of which Trade receivables: +€10,154
- Profit (loss) carried forward -€70,133
down €70,133 (-65.6%), from -€106,861 to -€176,995
- Trade debts +€15,431
up €15,431 (+119%), from €12,935 to €28,366
- Current portion of long-term debt -€6,347
down €6,347 (-42.8%), from €14,834 to €8,487
- Gross operating margin +€29,521
up €29,521 (+70.5%), from -€41,887 to -€12,366
- Other operating charges -€692
down €692 (-15.2%), from €4,538 to €3,846
- Depreciation -€471
down €471 (-0.9%), from €54,479 to €54,008
- Taxes -€437
down €437 (-66.0%), from €661 to €225
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 | €248,228 | €187,911 | -€60,317 | -24.3% |
| Fixed assets | 21/28 | €138,176 | €84,168 | -€54,008 | -39.1% |
| Tangible fixed assets | 22/27 | €138,176 | €84,168 | -€54,008 | -39.1% |
| Land and buildings | 22 | €3,990 | €2,874 | -€1,116 | -28.0% |
| Plant, machinery and equipment | 23 | €79,073 | €54,815 | -€24,258 | -30.7% |
| Furniture and vehicles | 24 | €48,164 | €20,311 | -€27,854 | -57.8% |
| Other tangible fixed assets | 26 | €6,949 | €6,168 | -€781 | -11.2% |
| Current assets | 29/58 | €110,052 | €103,743 | -€6,309 | -5.7% |
| Amounts receivable within one year | 40/41 | €35,425 | €43,367 | +€7,941 | +22.4% |
| Trade receivables | 40 | €21,711 | €31,865 | +€10,154 | +46.8% |
| Other amounts receivable | 41 | €13,715 | €11,502 | -€2,213 | -16.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,771 | €7,804 | -€13,967 | -64.2% |
| Deferred charges and accrued income | 490/1 | €2,856 | €2,572 | -€284 | -9.9% |
| Total equity and liabilities | 10/49 | €248,228 | €187,911 | -€60,317 | -24.3% |
| Equity | 10/15 | €219,554 | €149,421 | -€70,133 | -31.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,815 | €307,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €121 | €121 | = | 0.0% |
| Distributable reserves | 133 | €307,694 | €307,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,861 | -€176,995 | -€70,133 | -65.6% |
| Amounts payable | 17/49 | €28,674 | €38,490 | +€9,816 | +34.2% |
| Amounts payable within one year | 42/48 | €28,674 | €38,490 | +€9,816 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €14,834 | €8,487 | -€6,347 | -42.8% |
| Trade debts | 44 | €12,935 | €28,366 | +€15,431 | +119% |
| Suppliers | 440/4 | €12,935 | €28,366 | +€15,431 | +119% |
| Taxes, remuneration and social security | 45 | €905 | €1,637 | +€732 | +80.8% |
| Taxes | 450/3 | €905 | €1,637 | +€732 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,479 | €54,008 | -€471 | -0.9% |
| Other operating charges | 640/8 | €4,538 | €3,846 | -€692 | -15.2% |
| Gross operating margin | 9900 | -€41,887 | -€12,366 | +€29,521 | +70.5% |
| Operating profit (loss) | 9901 | -€100,905 | -€70,221 | +€30,684 | +30.4% |
| Financial income | 75/76B | - | €382 | +€382 | |
| Recurring financial income | 75 | - | €382 | +€382 | |
| Financial charges | 65/66B | €381 | €70 | -€312 | -81.7% |
| Recurring financial charges | 65 | €381 | €70 | -€312 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | -€101,286 | -€69,909 | +€31,377 | +31.0% |
| Income taxes | 67/77 | €661 | €225 | -€437 | -66.0% |
| Profit (loss) for the period | 9904 | -€101,947 | -€70,133 | +€31,814 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,947 | -€70,133 | +€31,814 | +31.2% |
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 19 October 2026 via checked.be.