Lumin & Sens: 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.
Lumin & Sens
Largest movements
- Receivables within one year +€57,252
up €57,252 (+103%), from €55,601 to €112,853
of which Trade receivables: +€55,565
- Cash -€23,942
down €23,942 (-81.7%), from €29,313 to €5,371
mainly Receivables within one year (-€57,252) and Tax, wage and social debts (-€12,863)
- Tangible fixed assets -€12,945
down €12,945 (-32.6%), from €39,681 to €26,736
- Trade debts +€31,978
up €31,978 (+78.8%), from €40,590 to €72,568
- Reserves +€21,450
up €21,450 (+152%), from €14,100 to €35,550
- Tax, wage and social debts -€12,863
down €12,863 (-49.3%), from €26,093 to €13,230
of which Remuneration and social security: -€6,812
- Accrued charges and deferred income -€10,366
no longer reported in 2025 (was €10,366)
- Debts after one year -€9,352
down €9,352 (-32.6%), from €28,713 to €19,361
- Staff costs -€64,691
down €64,691 (-44.3%), from €146,154 to €81,463
- Gross operating margin -€47,066
down €47,066 (-27.2%), from €172,834 to €125,768
- Depreciation +€4,336
up €4,336 (+50.4%), from €8,608 to €12,944
- Financial income -€2,852
down €2,852 (-85.5%), from €3,336 to €484
- Taxes +€2,498
up €2,498 (+41.3%), from €6,051 to €8,549
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 | €131,343 | €152,623 | +€21,280 | +16.2% |
| Fixed assets | 21/28 | €39,925 | €28,481 | -€11,444 | -28.7% |
| Tangible fixed assets | 22/27 | €39,681 | €26,736 | -€12,945 | -32.6% |
| Furniture and vehicles | 24 | €39,681 | €26,736 | -€12,945 | -32.6% |
| Financial fixed assets | 28 | €244 | €1,745 | +€1,501 | +615% |
| Current assets | 29/58 | €91,418 | €124,142 | +€32,724 | +35.8% |
| Amounts receivable within one year | 40/41 | €55,601 | €112,853 | +€57,252 | +103% |
| Trade receivables | 40 | €30,662 | €86,227 | +€55,565 | +181% |
| Other amounts receivable | 41 | €24,939 | €26,626 | +€1,687 | +6.8% |
| Cash at bank and in hand | 54/58 | €29,313 | €5,371 | -€23,942 | -81.7% |
| Deferred charges and accrued income | 490/1 | €6,504 | €5,918 | -€586 | -9.0% |
| Total equity and liabilities | 10/49 | €131,343 | €152,623 | +€21,280 | +16.2% |
| Equity | 10/15 | €16,636 | €38,112 | +€21,476 | +129% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €14,100 | €35,550 | +€21,450 | +152% |
| Distributable reserves | 133 | €14,100 | €35,550 | +€21,450 | +152% |
| Profit (loss) carried forward | 14 | €36 | €62 | +€26 | +72.2% |
| Amounts payable | 17/49 | €114,707 | €114,511 | -€196 | -0.2% |
| Amounts payable after more than one year | 17 | €28,713 | €19,361 | -€9,352 | -32.6% |
| Financial debts | 170/4 | €28,713 | €19,361 | -€9,352 | -32.6% |
| Amounts payable within one year | 42/48 | €75,628 | €95,150 | +€19,522 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €8,945 | €9,352 | +€407 | +4.6% |
| Trade debts | 44 | €40,590 | €72,568 | +€31,978 | +78.8% |
| Suppliers | 440/4 | €40,590 | €72,568 | +€31,978 | +78.8% |
| Taxes, remuneration and social security | 45 | €26,093 | €13,230 | -€12,863 | -49.3% |
| Taxes | 450/3 | €6,051 | - | -€6,051 | |
| Remuneration and social security | 454/9 | €20,042 | €13,230 | -€6,812 | -34.0% |
| Accrued charges and deferred income | 492/3 | €10,366 | - | -€10,366 | |
| Remuneration, social security and pensions | 62 | €146,154 | €81,463 | -€64,691 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,608 | €12,944 | +€4,336 | +50.4% |
| Other operating charges | 640/8 | €191 | €198 | +€7 | +3.7% |
| Gross operating margin | 9900 | €172,834 | €125,768 | -€47,066 | -27.2% |
| Operating profit (loss) | 9901 | €17,881 | €31,163 | +€13,282 | +74.3% |
| Financial income | 75/76B | €3,336 | €484 | -€2,852 | -85.5% |
| Recurring financial income | 75 | €3,336 | €484 | -€2,852 | -85.5% |
| Financial charges | 65/66B | €1,030 | €1,622 | +€592 | +57.5% |
| Recurring financial charges | 65 | €1,030 | €1,622 | +€592 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €20,187 | €30,025 | +€9,838 | +48.7% |
| Income taxes | 67/77 | €6,051 | €8,549 | +€2,498 | +41.3% |
| Profit (loss) for the period | 9904 | €14,136 | €21,476 | +€7,340 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,136 | €21,476 | +€7,340 | +51.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.