Luminus Seraing 2.0: 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.
Luminus Seraing 2.0
Largest movements
- Tangible fixed assets +€172.3m
up €172.3m (+45.0%), from €383.1m to €555.4m
of which Assets under construction and advance payments: +€172.3m
- Cash +€6.9m
up €6.9m (+490%), from €1.4m to €8.3m
mainly Debts after one year (+€184.8m) and Accrued charges and deferred income (+€22.8m)
- Debts after one year +€184.8m
up €184.8m (+58.9%), from €314.1m to €498.9m
- Trade debts -€28.1m
down €28.1m (-77.6%), from €36.1m to €8.1m
- Accrued charges and deferred income +€22.8m
up €22.8m (+147%), from €15.6m to €38.4m
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €408,021,493 | €587,364,975 | +€179.3m | +44.0% |
| Formation expenses | 20 | €649 | €381 | -€269 | -41.4% |
| Fixed assets | 21/28 | €406,202,472 | €578,519,200 | +€172.3m | +42.4% |
| Intangible fixed assets | 21 | €23,122,470 | €23,122,470 | = | 0.0% |
| Tangible fixed assets | 22/27 | €383,080,003 | €555,396,731 | +€172.3m | +45.0% |
| Land and buildings | 22 | €1,483,000 | €1,483,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,534,530 | €17,534,530 | = | 0.0% |
| Assets under construction and advance payments | 27 | €364,062,472 | €536,379,200 | +€172.3m | +47.3% |
| Current assets | 29/58 | €1,818,371 | €8,845,394 | +€7.0m | +386% |
| Amounts receivable within one year | 40/41 | €413,033 | €531,648 | +€118,614 | +28.7% |
| Trade receivables | 40 | €60,389 | - | -€60,389 | |
| Other amounts receivable | 41 | €352,644 | €531,648 | +€179,003 | +50.8% |
| Cash at bank and in hand | 54/58 | €1,405,338 | €8,298,278 | +€6.9m | +490% |
| Deferred charges and accrued income | 490/1 | - | €15,469 | +€15,469 | |
| Total equity and liabilities | 10/49 | €408,021,493 | €587,364,975 | +€179.3m | +44.0% |
| Equity | 10/15 | €42,251,132 | €41,984,532 | -€266,600 | -0.6% |
| Contributions | 10/11 | €42,201,500 | €42,201,500 | = | 0.0% |
| Capital | 10 | €42,201,500 | €42,201,500 | = | 0.0% |
| Issued capital | 100 | €42,201,500 | €42,201,500 | = | 0.0% |
| Reserves | 13 | €2,482 | €2,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,482 | €2,482 | = | 0.0% |
| Legal reserve | 130 | €2,482 | €2,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,151 | -€219,450 | -€266,600 | |
| Amounts payable | 17/49 | €365,770,360 | €545,380,443 | +€179.6m | +49.1% |
| Amounts payable after more than one year | 17 | €314,059,570 | €498,895,492 | +€184.8m | +58.9% |
| Financial debts | 170/4 | €314,059,570 | €498,895,492 | +€184.8m | +58.9% |
| Other loans | 174 | €314,059,570 | €498,895,492 | +€184.8m | +58.9% |
| Amounts payable within one year | 42/48 | €36,144,619 | €8,079,863 | -€28.1m | -77.6% |
| Trade debts | 44 | €36,135,729 | €8,079,863 | -€28.1m | -77.6% |
| Suppliers | 440/4 | €36,135,729 | €8,079,863 | -€28.1m | -77.6% |
| Taxes, remuneration and social security | 45 | €8,890 | - | -€8,890 | |
| Taxes | 450/3 | €8,890 | - | -€8,890 | |
| Accrued charges and deferred income | 492/3 | €15,566,171 | €38,405,087 | +€22.8m | +147% |
| Operating income | 70/76A | €582,966 | €199,632 | -€383,333 | -65.8% |
| Other operating income | 74 | €582,966 | €199,632 | -€383,333 | -65.8% |
| Operating charges | 60/66A | €502,875 | €419,085 | -€83,789 | -16.7% |
| Services and other goods | 61 | €318,162 | €333,416 | +€15,254 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €269 | -€0 | 0.0% |
| Other operating charges | 640/8 | €184,444 | €85,401 | -€99,044 | -53.7% |
| Operating profit (loss) | 9901 | €80,091 | -€219,453 | -€299,544 | |
| Financial charges | 65/66B | €46,852 | €46,703 | -€149 | -0.3% |
| Recurring financial charges | 65 | €46,852 | €46,703 | -€149 | -0.3% |
| Other financial charges | 652/9 | €46,852 | €46,703 | -€149 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €33,239 | -€266,157 | -€299,396 | |
| Income taxes | 67/77 | €8,576 | €444 | -€8,133 | -94.8% |
| Taxes | 670/3 | €8,890 | €444 | -€8,446 | -95.0% |
| Tax adjustments and reversals of tax provisions | 77 | €314 | - | -€314 | |
| Profit (loss) for the period | 9904 | €24,663 | -€266,600 | -€291,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,663 | -€266,600 | -€291,263 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.