LUMAX PROJECTS: 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 PROJECTS
Largest movements
- Cash +€22,477
up €22,477 (+48.2%), from €46,612 to €69,088
mainly Net result for the year (+€35,571) and Other debts (+€4,737)
- Receivables within one year +€16,500
new in 2025: €16,500
- Deferred charges and accrued income +€1,123
up €1,123 (+23.2%), from €4,832 to €5,955
- Reserves +€35,571
up €35,571 (+133%), from €26,759 to €62,330
- Other debts +€4,737
up €4,737 (+170%), from €2,786 to €7,523
- Tax, wage and social debts +€2,389
up €2,389 (+22.3%), from €10,716 to €13,105
- Trade debts -€1,495
down €1,495 (-31.7%), from €4,711 to €3,217
- Gross operating margin +€11,673
up €11,673 (+31.8%), from €36,765 to €48,438
- Taxes +€2,356
up €2,356 (+29.9%), from €7,892 to €10,249
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 | €57,472 | €98,674 | +€41,203 | +71.7% |
| Fixed assets | 21/28 | €6,028 | €7,131 | +€1,103 | +18.3% |
| Tangible fixed assets | 22/27 | €6,028 | €6,861 | +€833 | +13.8% |
| Plant, machinery and equipment | 23 | €1,188 | €608 | -€580 | -48.8% |
| Furniture and vehicles | 24 | €4,840 | €3,261 | -€1,579 | -32.6% |
| Other tangible fixed assets | 26 | - | €2,992 | +€2,992 | |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €51,444 | €91,543 | +€40,100 | +77.9% |
| Amounts receivable within one year | 40/41 | - | €16,500 | +€16,500 | |
| Trade receivables | 40 | - | €16,500 | +€16,500 | |
| Cash at bank and in hand | 54/58 | €46,612 | €69,088 | +€22,477 | +48.2% |
| Deferred charges and accrued income | 490/1 | €4,832 | €5,955 | +€1,123 | +23.2% |
| Total equity and liabilities | 10/49 | €57,472 | €98,674 | +€41,203 | +71.7% |
| Equity | 10/15 | €39,259 | €74,830 | +€35,571 | +90.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,759 | €62,330 | +€35,571 | +133% |
| Distributable reserves | 133 | €26,759 | €62,330 | +€35,571 | +133% |
| Amounts payable | 17/49 | €18,213 | €23,845 | +€5,632 | +30.9% |
| Amounts payable within one year | 42/48 | €18,213 | €23,845 | +€5,632 | +30.9% |
| Trade debts | 44 | €4,711 | €3,217 | -€1,495 | -31.7% |
| Suppliers | 440/4 | €4,711 | €3,217 | -€1,495 | -31.7% |
| Taxes, remuneration and social security | 45 | €10,716 | €13,105 | +€2,389 | +22.3% |
| Taxes | 450/3 | €10,716 | €13,105 | +€2,389 | +22.3% |
| Other amounts payable | 47/48 | €2,786 | €7,523 | +€4,737 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €2,307 | +€312 | +15.6% |
| Other operating charges | 640/8 | €118 | €186 | +€68 | +57.4% |
| Gross operating margin | 9900 | €36,765 | €48,438 | +€11,673 | +31.8% |
| Operating profit (loss) | 9901 | €34,651 | €45,945 | +€11,293 | +32.6% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €0 | €165 | +€165 | +110,013% |
| Recurring financial charges | 65 | €0 | €165 | +€165 | +110,013% |
| Profit (loss) for the period before taxes | 9903 | €34,651 | €45,820 | +€11,168 | +32.2% |
| Income taxes | 67/77 | €7,892 | €10,249 | +€2,356 | +29.9% |
| Profit (loss) for the period | 9904 | €26,759 | €35,571 | +€8,812 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,759 | €35,571 | +€8,812 | +32.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.