LUMANIGA: 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.
LUMANIGA
Largest movements
- Receivables within one year +€44,597
up €44,597 (+40.8%), from €109,278 to €153,875
- Cash -€9,224
down €9,224 (-48.4%), from €19,074 to €9,850
mainly Receivables within one year (-€44,597) and Debts after one year (-€15,502)
- Reserves +€30,407
up €30,407 (+42.1%), from €72,171 to €102,578
of which Distributable reserves: +€30,407
- Tax, wage and social debts +€27,498
up €27,498 (+42.4%), from €64,859 to €92,357
- Debts after one year -€15,502
down €15,502 (-4.3%), from €358,925 to €343,423
- Other debts -€14,983
down €14,983 (-35.0%), from €42,793 to €27,809
- Gross operating margin -€62,940
down €62,940 (-43.2%), from €145,776 to €82,836
- Taxes -€21,958
down €21,958 (-51.5%), from €42,667 to €20,709
- Financial charges -€2,100
down €2,100 (-12.6%), from €16,616 to €14,515
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 | €777,068 | €807,323 | +€30,254 | +3.9% |
| Fixed assets | 21/28 | €642,062 | €642,547 | +€485 | +0.1% |
| Tangible fixed assets | 22/27 | €491,312 | €491,797 | +€485 | +0.1% |
| Land and buildings | 22 | €489,179 | €475,961 | -€13,218 | -2.7% |
| Plant, machinery and equipment | 23 | €458 | €111 | -€347 | -75.8% |
| Furniture and vehicles | 24 | €1,676 | €15,726 | +€14,050 | +838.5% |
| Financial fixed assets | 28 | €150,750 | €150,750 | = | 0.0% |
| Current assets | 29/58 | €135,006 | €164,776 | +€29,770 | +22.1% |
| Amounts receivable within one year | 40/41 | €109,278 | €153,875 | +€44,597 | +40.8% |
| Trade receivables | 40 | €109,278 | €153,875 | +€44,597 | +40.8% |
| Cash at bank and in hand | 54/58 | €19,074 | €9,850 | -€9,224 | -48.4% |
| Deferred charges and accrued income | 490/1 | €6,654 | €1,050 | -€5,604 | -84.2% |
| Total equity and liabilities | 10/49 | €777,068 | €807,323 | +€30,254 | +3.9% |
| Equity | 10/15 | €270,509 | €300,916 | +€30,407 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,171 | €102,578 | +€30,407 | +42.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,311 | €100,718 | +€30,407 | +43.2% |
| Profit (loss) carried forward | 14 | €192,138 | €192,138 | = | 0.0% |
| Amounts payable | 17/49 | €506,559 | €506,407 | -€152 | 0.0% |
| Amounts payable after more than one year | 17 | €358,925 | €343,423 | -€15,502 | -4.3% |
| Financial debts | 170/4 | €358,925 | €343,423 | -€15,502 | -4.3% |
| Amounts payable within one year | 42/48 | €147,634 | €162,984 | +€15,350 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €14,966 | €15,502 | +€535 | +3.6% |
| Trade debts | 44 | €25,016 | €27,316 | +€2,300 | +9.2% |
| Suppliers | 440/4 | €25,016 | €27,316 | +€2,300 | +9.2% |
| Taxes, remuneration and social security | 45 | €64,859 | €92,357 | +€27,498 | +42.4% |
| Taxes | 450/3 | €64,859 | €92,357 | +€27,498 | +42.4% |
| Other amounts payable | 47/48 | €42,793 | €27,809 | -€14,983 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,956 | €14,476 | +€520 | +3.7% |
| Other operating charges | 640/8 | €2,248 | €2,847 | +€599 | +26.6% |
| Gross operating margin | 9900 | €145,776 | €82,836 | -€62,940 | -43.2% |
| Operating profit (loss) | 9901 | €129,573 | €65,514 | -€64,059 | -49.4% |
| Financial income | 75/76B | €21 | €117 | +€96 | +455.0% |
| Recurring financial income | 75 | €21 | €117 | +€96 | +455.0% |
| Financial charges | 65/66B | €16,616 | €14,515 | -€2,100 | -12.6% |
| Recurring financial charges | 65 | €16,616 | €14,515 | -€2,100 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €112,978 | €51,115 | -€61,863 | -54.8% |
| Income taxes | 67/77 | €42,667 | €20,709 | -€21,958 | -51.5% |
| Profit (loss) for the period | 9904 | €70,311 | €30,407 | -€39,905 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,311 | €30,407 | -€39,905 | -56.8% |
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 11 October 2026 via checked.be.