LUMAX 9: 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.
LUMAX 9
Largest movements
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets +€7,543
up €7,543 (+198%), from €3,801 to €11,344
- Receivables within one year +€3,982
up €3,982 (+299%), from €1,333 to €5,315
of which Other amounts receivable: +€2,167
- Cash -€2,476
down €2,476 (-14.5%), from €17,083 to €14,607
mainly Net result for the year (-€10,181) and Receivables within one year (-€3,982)
- Profit (loss) carried forward -€10,181
down €10,181 (-38.9%), from -€26,192 to -€36,373
- Other debts +€2,468
up €2,468 (+153%), from €1,611 to €4,078
- Current portion of long-term debt +€2,366
new in 2025: €2,366
- Tax, wage and social debts -€737
down €737 (-6.6%), from €11,201 to €10,464
of which Taxes: -€737
- Gross operating margin -€12,428
down €12,428, from €5,040 to -€7,388
- Taxes -€1,859
down €1,859 (-78.3%), from €2,374 to €515
- Depreciation -€235
down €235 (-11.8%), from €1,996 to €1,761
- Financial charges -€134
down €134 (-53.1%), from €252 to €118
of which Non-recurring financial charges: -€252
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 | €38,029 | €32,022 | -€6,007 | -15.8% |
| Fixed assets | 21/28 | €18,801 | €11,344 | -€7,457 | -39.7% |
| Tangible fixed assets | 22/27 | €3,801 | €11,344 | +€7,543 | +198% |
| Furniture and vehicles | 24 | €3,801 | €11,344 | +€7,543 | +198% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €19,228 | €20,678 | +€1,450 | +7.5% |
| Amounts receivable within one year | 40/41 | €1,333 | €5,315 | +€3,982 | +299% |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | €1,333 | €3,500 | +€2,167 | +163% |
| Cash at bank and in hand | 54/58 | €17,083 | €14,607 | -€2,476 | -14.5% |
| Deferred charges and accrued income | 490/1 | €812 | €756 | -€55 | -6.8% |
| Total equity and liabilities | 10/49 | €38,029 | €32,022 | -€6,007 | -15.8% |
| Equity | 10/15 | €23,808 | €13,627 | -€10,181 | -42.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,192 | -€36,373 | -€10,181 | -38.9% |
| Amounts payable | 17/49 | €14,221 | €18,395 | +€4,174 | +29.4% |
| Amounts payable within one year | 42/48 | €14,221 | €18,395 | +€4,174 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,366 | +€2,366 | |
| Trade debts | 44 | €1,409 | €1,487 | +€77 | +5.5% |
| Suppliers | 440/4 | €1,409 | €1,487 | +€77 | +5.5% |
| Taxes, remuneration and social security | 45 | €11,201 | €10,464 | -€737 | -6.6% |
| Taxes | 450/3 | €9,476 | €8,739 | -€737 | -7.8% |
| Remuneration and social security | 454/9 | €1,725 | €1,725 | = | 0.0% |
| Other amounts payable | 47/48 | €1,611 | €4,078 | +€2,468 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €1,761 | -€235 | -11.8% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €5,040 | -€7,388 | -€12,428 | |
| Operating profit (loss) | 9901 | €2,946 | -€9,598 | -€12,545 | |
| Financial income | 75/76B | €28 | €52 | +€23 | +82.3% |
| Recurring financial income | 75 | €28 | €52 | +€23 | +82.3% |
| Financial charges | 65/66B | €252 | €118 | -€134 | -53.1% |
| Recurring financial charges | 65 | €252 | €118 | -€134 | -53.1% |
| Non-recurring financial charges | 66B | €252 | - | -€252 | |
| Profit (loss) for the period before taxes | 9903 | €2,722 | -€9,665 | -€12,388 | |
| Income taxes | 67/77 | €2,374 | €515 | -€1,859 | -78.3% |
| Profit (loss) for the period | 9904 | €348 | -€10,181 | -€10,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €348 | -€10,181 | -€10,529 |
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 24 October 2026 via checked.be.