LuMaSo Management: what changed
LuMaSo Management
Largest movements
- Cash -€71,734
down €71,734 (-81.7%), from €87,807 to €16,073
mainly Contributions, distributions and other (-€61,232) and Receivables within one year (-€46,384)
- Receivables within one year +€46,384
up €46,384 (+398%), from €11,666 to €58,050
of which Other amounts receivable: +€46,334
- Deferred charges and accrued income +€24,113
up €24,113 (+70.6%), from €34,134 to €58,247
- Other debts -€4,463
down €4,463 (-5.2%), from €85,929 to €81,466
- Tax, wage and social debts +€4,037
up €4,037 (+146%), from €2,761 to €6,798
- Other operating charges -€9,021
down €9,021 (-95.3%), from €9,470 to €449
- Taxes +€4,338
up €4,338 (+24.8%), from €17,461 to €21,799
- Gross operating margin -€3,269
down €3,269 (-3.7%), from €88,503 to €85,234
- Financial income -€2,699
down €2,699 (-91.6%), from €2,945 to €246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,901 | €138,804 | -€97 | -0.1% |
| Fixed assets | 21/28 | €5,294 | €6,434 | +€1,140 | +21.5% |
| Tangible fixed assets | 22/27 | €644 | €1,784 | +€1,140 | +177% |
| Furniture and vehicles | 24 | €644 | €1,784 | +€1,140 | +177% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €133,607 | €132,370 | -€1,237 | -0.9% |
| Amounts receivable within one year | 40/41 | €11,666 | €58,050 | +€46,384 | +398% |
| Trade receivables | 40 | - | €50 | +€50 | |
| Other amounts receivable | 41 | €11,666 | €58,000 | +€46,334 | +397% |
| Cash at bank and in hand | 54/58 | €87,807 | €16,073 | -€71,734 | -81.7% |
| Deferred charges and accrued income | 490/1 | €34,134 | €58,247 | +€24,113 | +70.6% |
| Total equity and liabilities | 10/49 | €138,901 | €138,804 | -€97 | -0.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €120,301 | €120,204 | -€97 | -0.1% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,301 | €95,204 | -€97 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,107 | €5,071 | -€36 | -0.7% |
| Trade debts | 44 | €1,504 | €1,869 | +€365 | +24.3% |
| Suppliers | 440/4 | €1,504 | €1,869 | +€365 | +24.3% |
| Taxes, remuneration and social security | 45 | €2,761 | €6,798 | +€4,037 | +146% |
| Taxes | 450/3 | €2,761 | €6,798 | +€4,037 | +146% |
| Other amounts payable | 47/48 | €85,929 | €81,466 | -€4,463 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €992 | +€205 | +26.1% |
| Other operating charges | 640/8 | €9,470 | €449 | -€9,021 | -95.3% |
| Gross operating margin | 9900 | €88,503 | €85,234 | -€3,269 | -3.7% |
| Operating profit (loss) | 9901 | €78,246 | €83,793 | +€5,547 | +7.1% |
| Financial income | 75/76B | €2,945 | €246 | -€2,699 | -91.6% |
| Recurring financial income | 75 | €2,945 | €246 | -€2,699 | -91.6% |
| Financial charges | 65/66B | €1,129 | €1,008 | -€121 | -10.7% |
| Recurring financial charges | 65 | €1,129 | €1,008 | -€121 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €80,062 | €83,031 | +€2,969 | +3.7% |
| Income taxes | 67/77 | €17,461 | €21,799 | +€4,338 | +24.8% |
| Profit (loss) for the period | 9904 | €62,601 | €61,232 | -€1,369 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,601 | €61,232 | -€1,369 | -2.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.