LUMANO: 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.
LUMANO
Largest movements
- Cash +€62,733
up €62,733 (+482%), from €13,018 to €75,751
mainly Net result for the year (+€37,190) and Receivables within one year (+€35,548)
- Receivables within one year -€35,548
down €35,548 (-90.6%), from €39,247 to €3,699
of which Other amounts receivable: -€38,079
- Tangible fixed assets +€10,265
up €10,265 (+2.7%), from €384,562 to €394,827
of which Land and buildings: +€13,587
- Profit (loss) carried forward +€25,762
up €25,762 (+98.7%), from €26,105 to €51,867
- Current portion of long-term debt +€16,331
new in 2025: €16,331
- Debts after one year -€11,960
down €11,960 (-3.0%), from €398,835 to €386,875
- Tax, wage and social debts +€6,320
up €6,320 (+88.3%), from €7,156 to €13,476
- Other operating charges -€21,414
down €21,414 (-80.5%), from €26,602 to €5,188
- Gross operating margin +€15,192
up €15,192 (+23.7%), from €64,131 to €79,322
- Financial charges +€12,249
up €12,249 (+508%), from €2,412 to €14,661
- Depreciation +€9,231
up €9,231 (+444%), from €2,079 to €11,310
- Taxes +€3,823
up €3,823 (+53.4%), from €7,156 to €10,979
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 | €437,739 | €474,454 | +€36,716 | +8.4% |
| Formation expenses | 20 | €912 | €177 | -€735 | -80.6% |
| Fixed assets | 21/28 | €384,562 | €394,827 | +€10,265 | +2.7% |
| Tangible fixed assets | 22/27 | €384,562 | €394,827 | +€10,265 | +2.7% |
| Land and buildings | 22 | €375,052 | €388,639 | +€13,587 | +3.6% |
| Furniture and vehicles | 24 | €9,510 | €6,188 | -€3,322 | -34.9% |
| Current assets | 29/58 | €52,265 | €79,450 | +€27,185 | +52.0% |
| Amounts receivable within one year | 40/41 | €39,247 | €3,699 | -€35,548 | -90.6% |
| Trade receivables | 40 | €968 | €3,499 | +€2,531 | +261% |
| Other amounts receivable | 41 | €38,279 | €200 | -€38,079 | -99.5% |
| Cash at bank and in hand | 54/58 | €13,018 | €75,751 | +€62,733 | +482% |
| Total equity and liabilities | 10/49 | €437,739 | €474,454 | +€36,716 | +8.4% |
| Equity | 10/15 | €27,605 | €53,367 | +€25,762 | +93.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,105 | €51,867 | +€25,762 | +98.7% |
| Amounts payable | 17/49 | €410,134 | €421,088 | +€10,954 | +2.7% |
| Amounts payable after more than one year | 17 | €398,835 | €386,875 | -€11,960 | -3.0% |
| Financial debts | 170/4 | €398,835 | €386,875 | -€11,960 | -3.0% |
| Amounts payable within one year | 42/48 | €11,298 | €34,212 | +€22,914 | +203% |
| Current portion of amounts payable after more than one year | 42 | - | €16,331 | +€16,331 | |
| Trade debts | 44 | €4,142 | €4,405 | +€263 | +6.4% |
| Suppliers | 440/4 | €4,142 | €4,405 | +€263 | +6.4% |
| Taxes, remuneration and social security | 45 | €7,156 | €13,476 | +€6,320 | +88.3% |
| Taxes | 450/3 | €7,156 | €13,476 | +€6,320 | +88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,079 | €11,310 | +€9,231 | +444% |
| Other operating charges | 640/8 | €26,602 | €5,188 | -€21,414 | -80.5% |
| Gross operating margin | 9900 | €64,131 | €79,322 | +€15,192 | +23.7% |
| Operating profit (loss) | 9901 | €35,450 | €62,824 | +€27,374 | +77.2% |
| Financial income | 75/76B | €223 | €6 | -€217 | -97.3% |
| Recurring financial income | 75 | €223 | €6 | -€217 | -97.3% |
| Financial charges | 65/66B | €2,412 | €14,661 | +€12,249 | +508% |
| Recurring financial charges | 65 | €2,412 | €14,661 | +€12,249 | +508% |
| Profit (loss) for the period before taxes | 9903 | €33,261 | €48,170 | +€14,908 | +44.8% |
| Income taxes | 67/77 | €7,156 | €10,979 | +€3,823 | +53.4% |
| Profit (loss) for the period | 9904 | €26,105 | €37,190 | +€11,085 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,105 | €37,190 | +€11,085 | +42.5% |
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.