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
- Tangible fixed assets +€26,922
up €26,922 (+2,782%), from €968 to €27,890
of which Other tangible fixed assets: +€27,366
- Receivables within one year +€24,196
up €24,196 (+187%), from €12,960 to €37,157
of which Trade receivables: +€20,830
- Cash +€8,754
up €8,754 (+19.3%), from €45,370 to €54,124
mainly Net result for the year (+€56,622) and Depreciation (+€2,623)
- Reserves +€56,622
up €56,622 (+301%), from €18,800 to €75,422
- Tax, wage and social debts +€1,452
up €1,452 (+6.1%), from €23,697 to €25,149
- Trade debts +€1,314
up €1,314 (+76.2%), from €1,723 to €3,037
- Gross operating margin +€40,092
up €40,092 (+117%), from €34,352 to €74,444
- Taxes +€9,272
up €9,272 (+167%), from €5,545 to €14,817
- Depreciation +€2,261
up €2,261 (+625%), from €362 to €2,623
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 | €60,410 | €120,117 | +€59,707 | +98.8% |
| Fixed assets | 21/28 | €968 | €27,890 | +€26,922 | +2,782% |
| Tangible fixed assets | 22/27 | €968 | €27,890 | +€26,922 | +2,782% |
| Furniture and vehicles | 24 | €968 | €525 | -€443 | -45.8% |
| Other tangible fixed assets | 26 | - | €27,366 | +€27,366 | |
| Current assets | 29/58 | €59,442 | €92,227 | +€32,785 | +55.2% |
| Amounts receivable within one year | 40/41 | €12,960 | €37,157 | +€24,196 | +187% |
| Trade receivables | 40 | €12,955 | €33,784 | +€20,830 | +161% |
| Other amounts receivable | 41 | €5 | €3,372 | +€3,367 | +61,890% |
| Cash at bank and in hand | 54/58 | €45,370 | €54,124 | +€8,754 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,111 | €946 | -€166 | -14.9% |
| Total equity and liabilities | 10/49 | €60,410 | €120,117 | +€59,707 | +98.8% |
| Equity | 10/15 | €21,800 | €78,422 | +€56,622 | +260% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,800 | €75,422 | +€56,622 | +301% |
| Distributable reserves | 133 | €18,800 | €75,422 | +€56,622 | +301% |
| Amounts payable | 17/49 | €38,610 | €41,695 | +€3,085 | +8.0% |
| Amounts payable within one year | 42/48 | €38,192 | €41,695 | +€3,503 | +9.2% |
| Trade debts | 44 | €1,723 | €3,037 | +€1,314 | +76.2% |
| Suppliers | 440/4 | €1,723 | €3,037 | +€1,314 | +76.2% |
| Taxes, remuneration and social security | 45 | €23,697 | €25,149 | +€1,452 | +6.1% |
| Taxes | 450/3 | €23,697 | €25,149 | +€1,452 | +6.1% |
| Other amounts payable | 47/48 | €12,771 | €13,509 | +€738 | +5.8% |
| Accrued charges and deferred income | 492/3 | €418 | €0 | -€418 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €2,623 | +€2,261 | +625% |
| Other operating charges | 640/8 | €126 | €305 | +€178 | +141% |
| Non-recurring operating charges | 66A | €9,347 | €0 | -€9,347 | -100% |
| Gross operating margin | 9900 | €34,352 | €74,444 | +€40,092 | +117% |
| Operating profit (loss) | 9901 | €24,516 | €71,516 | +€47,000 | +192% |
| Financial income | 75/76B | €136 | €229 | +€94 | +69.0% |
| Recurring financial income | 75 | €136 | €229 | +€94 | +69.0% |
| Financial charges | 65/66B | €307 | €307 | -€1 | -0.2% |
| Recurring financial charges | 65 | €307 | €307 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €24,345 | €71,439 | +€47,094 | +193% |
| Income taxes | 67/77 | €5,545 | €14,817 | +€9,272 | +167% |
| Profit (loss) for the period | 9904 | €18,800 | €56,622 | +€37,822 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €18,800 | €56,622 | +€37,822 | +201% |
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 16 October 2026 via checked.be.