LUMINA: 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.
LUMINA
Largest movements
- Cash -€16,791
down €16,791 (-71.3%), from €23,564 to €6,773
mainly Trade debts (-€17,841) and Net result for the year (-€14,628)
- Receivables within one year -€14,501
down €14,501 (-16.8%), from €86,306 to €71,805
of which Trade receivables: -€12,634
- Trade debts -€17,841
down €17,841 (-65.0%), from €27,438 to €9,597
- Profit (loss) carried forward -€14,628
down €14,628 (-18.8%), from €77,807 to €63,179
- Tax, wage and social debts +€2,002
new in 2025: €2,002
- Turnover -€233,430
down €233,430 (-32.5%), from €719,242 to €485,812
- Purchases and services -€214,898
down €214,898 (-30.9%), from €695,648 to €480,750
- Gross operating margin -€37,031
down €37,031 (-88.0%), from €42,094 to €5,063
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 | €111,445 | €80,979 | -€30,466 | -27.3% |
| Formation expenses | 20 | €1,575 | €1,575 | -€0 | 0.0% |
| Current assets | 29/58 | €109,870 | €79,404 | -€30,466 | -27.7% |
| Stocks and contracts in progress | 3 | - | €827 | +€827 | |
| Stocks | 30/36 | - | €827 | +€827 | |
| Amounts receivable within one year | 40/41 | €86,306 | €71,805 | -€14,501 | -16.8% |
| Trade receivables | 40 | €25,094 | €12,460 | -€12,634 | -50.3% |
| Other amounts receivable | 41 | €61,212 | €59,345 | -€1,867 | -3.0% |
| Cash at bank and in hand | 54/58 | €23,564 | €6,773 | -€16,791 | -71.3% |
| Total equity and liabilities | 10/49 | €111,445 | €80,979 | -€30,466 | -27.3% |
| Equity | 10/15 | €84,007 | €69,379 | -€14,628 | -17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,807 | €63,179 | -€14,628 | -18.8% |
| Amounts payable | 17/49 | €27,438 | €11,600 | -€15,838 | -57.7% |
| Amounts payable within one year | 42/48 | €27,438 | €11,600 | -€15,838 | -57.7% |
| Trade debts | 44 | €27,438 | €9,597 | -€17,841 | -65.0% |
| Suppliers | 440/4 | €27,438 | €9,597 | -€17,841 | -65.0% |
| Taxes, remuneration and social security | 45 | - | €2,002 | +€2,002 | |
| Taxes | 450/3 | - | €2,002 | +€2,002 | |
| Turnover | 70 | €719,242 | €485,812 | -€233,430 | -32.5% |
| Non-recurring operating income | 76A | €18,500 | - | -€18,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €695,648 | €480,750 | -€214,898 | -30.9% |
| Remuneration, social security and pensions | 62 | - | €775 | +€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,707 | - | -€6,707 | |
| Non-recurring operating charges | 66A | €13,661 | - | -€13,661 | |
| Gross operating margin | 9900 | €42,094 | €5,063 | -€37,031 | -88.0% |
| Operating profit (loss) | 9901 | €21,726 | €4,288 | -€17,438 | -80.3% |
| Financial charges | 65/66B | €48 | €73 | +€25 | +52.8% |
| Recurring financial charges | 65 | €48 | €73 | +€25 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €21,678 | €4,215 | -€17,463 | -80.6% |
| Income taxes | 67/77 | €13,383 | €18,842 | +€5,459 | +40.8% |
| Profit (loss) for the period | 9904 | €8,295 | -€14,628 | -€22,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,295 | -€14,628 | -€22,923 |
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 18 October 2026 via checked.be.