Luminus Services Sud: 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.
What changed
Luminus Services Sud
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · -€9.3m+€11.2m
Equity
€2.1m
2024 · €227,051+€1.9m
Cash
€303,604
2024 · €4,407+€299,197
Balance sheet total
€21.3m
2024 · €20.2m+€1.1m
Largest movements
Assets
- Financial fixed assets -€6.9m
down €6.9m (-39.5%), from €17.5m to €10.6m
- Tangible fixed assets +€4.9m
new in 2025: €4.9m
- Receivables within one year +€2.7m
up €2.7m (+111%), from €2.5m to €5.2m
of which Trade receivables: +€1.5m
- Cash +€299,197
up €299,197 (+6,788%), from €4,407 to €303,604
mainly Net result for the year (+€1.9m) and Investment in fixed assets (net) (+€1.8m)
Equity and liabilities
- Debts after one year -€4.1m
down €4.1m (-32.8%), from €12.6m to €8.5m
- Short-term financial debts +€1.2m
up €1.2m (+39.9%), from €3.0m to €4.2m
- Reserves +€1,000,000
up €1,000,000 (+53,706%), from €1,862 to €1.0m
of which Tax-exempt reserves: +€1,000,000
- Other debts +€981,791
up €981,791 (+35.4%), from €2.8m to €3.8m
- Profit (loss) carried forward +€884,046
up €884,046 (+9.3%), from -€9.6m to -€8.7m
Income statement
- Financial income +€9.2m
up €9.2m (+3,296%), from €280,388 to €9.5m
of which Non-recurring financial income: +€9.4m
- Turnover +€3.6m
up €3.6m (+267%), from €1.3m to €4.9m
- Staff costs +€875,171
up €875,171 (+1,384%), from €63,213 to €938,384
- Taxes +€656,379
up €656,379 (+286,316%), from €229 to €656,608
- Services and other goods +€209,410
up €209,410 (+28.8%), from €726,977 to €936,387
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.
Result 2024
-€9.3m
Turnover
+€3.6m
Other operating income
+€198,955
Services and other goods
-€209,410
Staff costs
-€875,171
Depreciation
-€175,757
Other operating charges
-€13,370
Financial income
+€9.2m
Financial charges
+€138,478
Taxes
-€656,379
Result 2025
€1.9m
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
+€1.8m
Financing
-€2.7m
Cash 2024
€4,407
From operations (derived)
+€1.2m
Net result for the year
+€1.9m
Depreciation
+€177,072
Receivables within one year
-€2.7m
Deferred charges and accrued income
-€73,016
Trade debts
+€20,352
Tax, wage and social debts
+€709,336
Other debts
+€981,791
Accrued charges and deferred income
+€261,024
Investment (derived)
+€1.8m
Investment in fixed assets (net)
+€1.8m
Financing
-€2.7m
Debts after one year
-€4.1m
Current portion of long-term debt
+€184,134
Short-term financial debts
+€1.2m
Cash 2025
€303,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,222,956 | €21,341,028 | +€1.1m | +5.5% |
| Formation expenses | 20 | €2,412 | €1,095 | -€1,317 | -54.6% |
| Fixed assets | 21/28 | €17,473,387 | €15,481,581 | -€2.0m | -11.4% |
| Intangible fixed assets | 21 | - | €14,400 | +€14,400 | |
| Tangible fixed assets | 22/27 | - | €4,902,018 | +€4.9m | |
| Other tangible fixed assets | 26 | - | €4,902,018 | +€4.9m | |
| Financial fixed assets | 28 | €17,473,387 | €10,565,163 | -€6.9m | -39.5% |
| Affiliated companies | 280/1 | €17,473,387 | €10,565,163 | -€6.9m | -39.5% |
| Participating interests | 280 | €12,973,387 | €9,367,776 | -€3.6m | -27.8% |
| Amounts receivable | 281 | €4,500,000 | €1,197,387 | -€3.3m | -73.4% |
| Current assets | 29/58 | €2,747,157 | €5,858,352 | +€3.1m | +113% |
| Amounts receivable within one year | 40/41 | €2,468,292 | €5,207,274 | +€2.7m | +111% |
| Trade receivables | 40 | €1,358,900 | €2,886,495 | +€1.5m | +112% |
| Other amounts receivable | 41 | €1,109,392 | €2,320,779 | +€1.2m | +109% |
| Cash at bank and in hand | 54/58 | €4,407 | €303,604 | +€299,197 | +6,788% |
| Deferred charges and accrued income | 490/1 | €274,458 | €347,473 | +€73,016 | +26.6% |
| Total equity and liabilities | 10/49 | €20,222,956 | €21,341,028 | +€1.1m | +5.5% |
| Equity | 10/15 | €227,051 | €2,111,096 | +€1.9m | +830% |
| Contributions | 10/11 | €9,776,000 | €9,776,000 | = | 0.0% |
| Capital | 10 | €9,776,000 | €9,776,000 | = | 0.0% |
| Issued capital | 100 | €9,776,000 | €9,776,000 | = | 0.0% |
| Reserves | 13 | €1,862 | €1,001,862 | +€1,000,000 | +53,706% |
| Non-distributable reserves | 130/1 | €1,862 | €1,862 | = | 0.0% |
| Legal reserve | 130 | €1,862 | €1,862 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,000,000 | +€1,000,000 | |
| Profit (loss) carried forward | 14 | -€9,550,811 | -€8,666,766 | +€884,046 | +9.3% |
| Amounts payable | 17/49 | €19,995,905 | €19,229,932 | -€765,973 | -3.8% |
| Amounts payable after more than one year | 17 | €12,571,606 | €8,451,608 | -€4.1m | -32.8% |
| Financial debts | 170/4 | €12,571,606 | €8,451,608 | -€4.1m | -32.8% |
| Other loans | 174 | €12,571,606 | €8,451,608 | -€4.1m | -32.8% |
| Amounts payable within one year | 42/48 | €6,839,791 | €9,932,791 | +€3.1m | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €877,333 | €1,061,466 | +€184,134 | +21.0% |
| Financial debts | 43 | €3,000,000 | €4,197,387 | +€1.2m | +39.9% |
| Other loans | 439 | €3,000,000 | €4,197,387 | +€1.2m | +39.9% |
| Trade debts | 44 | €167,315 | €187,666 | +€20,352 | +12.2% |
| Suppliers | 440/4 | €167,315 | €187,666 | +€20,352 | +12.2% |
| Taxes, remuneration and social security | 45 | €20,378 | €729,713 | +€709,336 | +3,481% |
| Taxes | 450/3 | €7,545 | €580,041 | +€572,496 | +7,588% |
| Remuneration and social security | 454/9 | €12,832 | €149,672 | +€136,840 | +1,066% |
| Other amounts payable | 47/48 | €2,774,767 | €3,756,558 | +€981,791 | +35.4% |
| Accrued charges and deferred income | 492/3 | €584,508 | €845,533 | +€261,024 | +44.7% |
| Operating income | 70/76A | €1,340,000 | €5,118,955 | +€3.8m | +282% |
| Turnover | 70 | €1,340,000 | €4,920,000 | +€3.6m | +267% |
| Other operating income | 74 | - | €198,955 | +€198,955 | |
| Operating charges | 60/66A | €791,505 | €2,065,213 | +€1.3m | +161% |
| Services and other goods | 61 | €726,977 | €936,387 | +€209,410 | +28.8% |
| Remuneration, social security and pensions | 62 | €63,213 | €938,384 | +€875,171 | +1,384% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €177,072 | +€175,757 | +13,366% |
| Other operating charges | 640/8 | - | €13,370 | +€13,370 | |
| Operating profit (loss) | 9901 | €548,495 | €3,053,741 | +€2.5m | +457% |
| Financial income | 75/76B | €280,388 | €9,521,889 | +€9.2m | +3,296% |
| Recurring financial income | 75 | €280,388 | €131,276 | -€149,113 | -53.2% |
| Income from financial fixed assets | 750 | €182,700 | €93,933 | -€88,767 | -48.6% |
| Income from current assets | 751 | €97,688 | €37,342 | -€60,346 | -61.8% |
| Non-recurring financial income | 76B | - | €9,390,613 | +€9.4m | |
| Financial charges | 65/66B | €10,173,454 | €10,034,976 | -€138,478 | -1.4% |
| Recurring financial charges | 65 | €782,841 | €644,363 | -€138,478 | -17.7% |
| Debt charges | 650 | €774,904 | €642,803 | -€132,101 | -17.0% |
| Other financial charges | 652/9 | €7,937 | €1,560 | -€6,377 | -80.3% |
| Non-recurring financial charges | 66B | €9,390,613 | €9,390,613 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,344,571 | €2,540,654 | +€11.9m | |
| Income taxes | 67/77 | €229 | €656,608 | +€656,379 | +286,316% |
| Taxes | 670/3 | €229 | €656,608 | +€656,379 | +286,316% |
| Profit (loss) for the period | 9904 | -€9,344,800 | €1,884,045 | +€11.2m | |
| Transfer to tax-exempt reserves | 689 | - | €1,000,000 | +€1,000,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,344,800 | €884,046 | +€10.2m |
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 20 October 2026 via checked.be.