LUMINI: 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.
LUMINI
Largest movements
- Current investments +€45,143
new in 2025: €45,143
- Cash -€32,728
down €32,728 (-55.9%), from €58,508 to €25,780
mainly Current investments (-€45,143) and Tax, wage and social debts (-€7,893)
- Tangible fixed assets -€7,966
down €7,966 (-42.7%), from €18,661 to €10,695
of which Furniture and vehicles: -€7,416
- Receivables within one year -€2,911
down €2,911 (-17.0%), from €17,081 to €14,171
of which Trade receivables: -€17,081
- Reserves +€12,300
up €12,300 (+27.6%), from €44,559 to €56,859
- Tax, wage and social debts -€7,893
down €7,893 (-55.5%), from €14,225 to €6,333
- Other debts -€6,851
down €6,851 (-97.2%), from €7,046 to €196
- Trade debts +€3,841
up €3,841 (+50.1%), from €7,662 to €11,502
- Gross operating margin -€20,716
down €20,716 (-40.2%), from €51,539 to €30,823
- Taxes -€8,858
down €8,858 (-57.0%), from €15,550 to €6,693
- Depreciation +€550
up €550 (+5.5%), from €9,977 to €10,528
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 | €94,557 | €96,018 | +€1,461 | +1.5% |
| Fixed assets | 21/28 | €18,661 | €10,695 | -€7,966 | -42.7% |
| Tangible fixed assets | 22/27 | €18,661 | €10,695 | -€7,966 | -42.7% |
| Land and buildings | 22 | €704 | €469 | -€235 | -33.3% |
| Plant, machinery and equipment | 23 | €8,321 | €8,006 | -€315 | -3.8% |
| Furniture and vehicles | 24 | €9,636 | €2,219 | -€7,416 | -77.0% |
| Current assets | 29/58 | €75,896 | €85,323 | +€9,427 | +12.4% |
| Amounts receivable within one year | 40/41 | €17,081 | €14,171 | -€2,911 | -17.0% |
| Trade receivables | 40 | €17,081 | - | -€17,081 | |
| Other amounts receivable | 41 | - | €14,171 | +€14,171 | |
| Current investments | 50/53 | - | €45,143 | +€45,143 | |
| Cash at bank and in hand | 54/58 | €58,508 | €25,780 | -€32,728 | -55.9% |
| Deferred charges and accrued income | 490/1 | €307 | €230 | -€76 | -24.9% |
| Total equity and liabilities | 10/49 | €94,557 | €96,018 | +€1,461 | +1.5% |
| Equity | 10/15 | €65,623 | €77,987 | +€12,364 | +18.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €44,559 | €56,859 | +€12,300 | +27.6% |
| Distributable reserves | 133 | €44,559 | €56,859 | +€12,300 | +27.6% |
| Profit (loss) carried forward | 14 | €2,514 | €2,578 | +€64 | +2.5% |
| Amounts payable | 17/49 | €28,934 | €18,031 | -€10,903 | -37.7% |
| Amounts payable within one year | 42/48 | €28,934 | €18,031 | -€10,903 | -37.7% |
| Trade debts | 44 | €7,662 | €11,502 | +€3,841 | +50.1% |
| Suppliers | 440/4 | €7,662 | €11,502 | +€3,841 | +50.1% |
| Taxes, remuneration and social security | 45 | €14,225 | €6,333 | -€7,893 | -55.5% |
| Taxes | 450/3 | €14,225 | €6,333 | -€7,893 | -55.5% |
| Other amounts payable | 47/48 | €7,046 | €196 | -€6,851 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,977 | €10,528 | +€550 | +5.5% |
| Other operating charges | 640/8 | €1,301 | €1,447 | +€145 | +11.2% |
| Gross operating margin | 9900 | €51,539 | €30,823 | -€20,716 | -40.2% |
| Operating profit (loss) | 9901 | €40,261 | €18,849 | -€21,412 | -53.2% |
| Financial income | 75/76B | €18 | €294 | +€276 | +1,520% |
| Recurring financial income | 75 | €18 | €294 | +€276 | +1,520% |
| Financial charges | 65/66B | €191 | €87 | -€104 | -54.4% |
| Recurring financial charges | 65 | €191 | €87 | -€104 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €40,088 | €19,056 | -€21,032 | -52.5% |
| Income taxes | 67/77 | €15,550 | €6,693 | -€8,858 | -57.0% |
| Profit (loss) for the period | 9904 | €24,538 | €12,364 | -€12,174 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,538 | €12,364 | -€12,174 | -49.6% |
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.