Luminus Solutions: what changed
What changed
Luminus Solutions
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €646,187+€2.8m
Equity
€9.4m
2024 · €7.0m+€2.4m
Cash
€4,595
2024 · €7,864-€3,269
Balance sheet total
€28.3m
2024 · €20.1m+€8.2m
Largest movements
Assets
- Receivables within one year +€8.8m
up €8.8m (+79.5%), from €11.1m to €20.0m
of which Trade receivables: +€8.8m
- Tangible fixed assets -€802,968
down €802,968 (-21.7%), from €3.7m to €2.9m
of which Other tangible fixed assets: -€657,816
Equity and liabilities
- Advances received +€3.0m
up €3.0m (+757%), from €394,918 to €3.4m
- Profit (loss) carried forward +€2.3m
up €2.3m (+137%), from €1.6m to €3.9m
- Other debts +€1.7m
up €1.7m (+76.1%), from €2.3m to €4.0m
- Trade debts +€1.6m
up €1.6m (+24.4%), from €6.6m to €8.2m
- Debts after one year -€629,687
down €629,687 (-55.0%), from €1.1m to €515,558
of which Financial debts: -€494,659
Income statement
- Turnover +€67.5m
up €67.5m (+1,208%), from €5.6m to €73.1m
- Goods and materials +€24.9m
up €24.9m (+197%), from €12.7m to €37.6m
- Taxes +€824,798
up €824,798 (+330%), from €250,183 to €1.1m
of which Taxes: +€817,449
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€646,187
Turnover
+€67.5m
Other operating income
+€446,612
Goods and materials
-€24.9m
Services and other goods
-€218,758
Staff costs
-€724,930
Depreciation
-€13,637
Write-downs
-€377,751
Provisions
-€247,164
Other operating charges
-€10,349
Other operating items
-€38.2m
Financial income
+€311,065
Financial charges
-€7,798
Taxes
-€824,798
Result 2025
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€28,660
Financing
-€1.6m
Cash 2024
€7,864
From operations (derived)
+€1.6m
Net result for the year
+€3.4m
Depreciation
+€831,694
Stocks and contracts
-€122,986
Receivables within one year
-€8.8m
Deferred charges and accrued income
-€75,674
Provisions
+€141,418
Trade debts
+€1.6m
Tax, wage and social debts
+€67,203
Advances received
+€3.0m
Other debts
+€1.7m
Accrued charges and deferred income
-€106,449
Investment (derived)
-€28,660
Investment in fixed assets (net)
-€28,660
Financing
-€1.6m
Debts after one year
-€629,687
Current portion of long-term debt
+€11,397
Short-term financial debts
+€12,031
Contributions, distributions and other
-€1.0m
Cash 2025
€4,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,074,117 | €28,308,918 | +€8.2m | +41.0% |
| Fixed assets | 21/28 | €7,813,075 | €7,010,042 | -€803,034 | -10.3% |
| Intangible fixed assets | 21 | €66 | - | -€66 | |
| Tangible fixed assets | 22/27 | €3,698,234 | €2,895,266 | -€802,968 | -21.7% |
| Land and buildings | 22 | €571,093 | €496,203 | -€74,890 | -13.1% |
| Plant, machinery and equipment | 23 | €367,020 | €321,223 | -€45,797 | -12.5% |
| Furniture and vehicles | 24 | €88,171 | €63,706 | -€24,465 | -27.7% |
| Other tangible fixed assets | 26 | €2,671,949 | €2,014,133 | -€657,816 | -24.6% |
| Financial fixed assets | 28 | €4,114,776 | €4,114,776 | = | 0.0% |
| Affiliated companies | 280/1 | €4,108,280 | €4,108,280 | = | 0.0% |
| Participating interests | 280 | €4,108,280 | €4,108,280 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,496 | €6,496 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,496 | €6,496 | = | 0.0% |
| Current assets | 29/58 | €12,261,042 | €21,298,877 | +€9.0m | +73.7% |
| Stocks and contracts in progress | 3 | €949,180 | €1,072,166 | +€122,986 | +13.0% |
| Contracts in progress | 37 | €949,180 | €1,072,166 | +€122,986 | +13.0% |
| Amounts receivable within one year | 40/41 | €11,119,599 | €19,962,042 | +€8.8m | +79.5% |
| Trade receivables | 40 | €11,118,962 | €19,937,405 | +€8.8m | +79.3% |
| Other amounts receivable | 41 | €637 | €24,638 | +€24,000 | +3,766% |
| Cash at bank and in hand | 54/58 | €7,864 | €4,595 | -€3,269 | -41.6% |
| Deferred charges and accrued income | 490/1 | €184,398 | €260,073 | +€75,674 | +41.0% |
| Total equity and liabilities | 10/49 | €20,074,117 | €28,308,918 | +€8.2m | +41.0% |
| Equity | 10/15 | €6,991,632 | €9,406,165 | +€2.4m | +34.5% |
| Contributions | 10/11 | €4,826,308 | €4,826,308 | = | 0.0% |
| Capital | 10 | €4,826,308 | €4,826,308 | = | 0.0% |
| Issued capital | 100 | €4,826,308 | €4,826,308 | = | 0.0% |
| Reserves | 13 | €479,566 | €650,954 | +€171,388 | +35.7% |
| Non-distributable reserves | 130/1 | €186,298 | €357,686 | +€171,388 | +92.0% |
| Legal reserve | 130 | €186,298 | €357,686 | +€171,388 | +92.0% |
| Tax-exempt reserves | 132 | €64 | €64 | = | 0.0% |
| Distributable reserves | 133 | €293,204 | €293,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,646,737 | €3,903,113 | +€2.3m | +137% |
| Investment grants | 15 | €39,021 | €25,790 | -€13,232 | -33.9% |
| Provisions and deferred taxes | 16 | €685,781 | €827,199 | +€141,418 | +20.6% |
| Provisions for liabilities and charges | 160/5 | €685,781 | €827,199 | +€141,418 | +20.6% |
| Other liabilities and charges | 164/5 | €685,781 | €827,199 | +€141,418 | +20.6% |
| Amounts payable | 17/49 | €12,396,704 | €18,075,554 | +€5.7m | +45.8% |
| Amounts payable after more than one year | 17 | €1,145,245 | €515,558 | -€629,687 | -55.0% |
| Financial debts | 170/4 | €869,747 | €375,088 | -€494,659 | -56.9% |
| Credit institutions | 173 | €869,747 | €375,088 | -€494,659 | -56.9% |
| Other amounts payable | 178/9 | €275,498 | €140,470 | -€135,028 | -49.0% |
| Amounts payable within one year | 42/48 | €10,761,425 | €17,176,411 | +€6.4m | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €618,290 | €629,687 | +€11,397 | +1.8% |
| Financial debts | 43 | - | €12,031 | +€12,031 | |
| Other loans | 439 | - | €12,031 | +€12,031 | |
| Trade debts | 44 | €6,584,451 | €8,193,373 | +€1.6m | +24.4% |
| Suppliers | 440/4 | €6,584,451 | €8,193,373 | +€1.6m | +24.4% |
| Advances received on contracts in progress | 46 | €394,918 | €3,385,685 | +€3.0m | +757% |
| Taxes, remuneration and social security | 45 | €896,800 | €964,003 | +€67,203 | +7.5% |
| Taxes | 450/3 | €636,288 | €460,482 | -€175,805 | -27.6% |
| Remuneration and social security | 454/9 | €260,512 | €503,521 | +€243,009 | +93.3% |
| Other amounts payable | 47/48 | €2,266,966 | €3,991,633 | +€1.7m | +76.1% |
| Accrued charges and deferred income | 492/3 | €490,035 | €383,585 | -€106,449 | -21.7% |
| Operating income | 70/76A | €19,167,112 | €48,883,022 | +€29.7m | +155% |
| Turnover | 70 | €5,588,299 | €73,110,418 | +€67.5m | +1,208% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €13,435,894 | -€24,818,438 | -€38.3m | |
| Other operating income | 74 | €137,419 | €584,031 | +€446,612 | +325% |
| Non-recurring operating income | 76A | €5,500 | €7,010 | +€1,510 | +27.5% |
| Operating charges | 60/66A | €18,197,211 | €44,610,012 | +€26.4m | +145% |
| Goods for resale, raw materials and consumables | 60 | €12,652,911 | €37,573,308 | +€24.9m | +197% |
| Purchases | 600/8 | €12,652,911 | €37,573,308 | +€24.9m | +197% |
| Services and other goods | 61 | €1,983,931 | €2,202,689 | +€218,758 | +11.0% |
| Remuneration, social security and pensions | 62 | €2,722,404 | €3,447,334 | +€724,930 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818,057 | €831,694 | +€13,637 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €377,751 | +€377,751 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€105,746 | €141,418 | +€247,164 | |
| Other operating charges | 640/8 | €21,026 | €31,375 | +€10,349 | +49.2% |
| Non-recurring operating charges | 66A | €104,628 | €4,444 | -€100,184 | -95.8% |
| Operating profit (loss) | 9901 | €969,901 | €4,273,010 | +€3.3m | +341% |
| Financial income | 75/76B | €21,767 | €332,832 | +€311,065 | +1,429% |
| Recurring financial income | 75 | €21,767 | €332,832 | +€311,065 | +1,429% |
| Income from financial fixed assets | 750 | - | €299,533 | +€299,533 | |
| Income from current assets | 751 | €8,446 | €15,639 | +€7,194 | +85.2% |
| Other financial income | 752/9 | €13,321 | €17,660 | +€4,339 | +32.6% |
| Financial charges | 65/66B | €95,298 | €103,096 | +€7,798 | +8.2% |
| Recurring financial charges | 65 | €95,298 | €103,096 | +€7,798 | +8.2% |
| Debt charges | 650 | €71,635 | €76,037 | +€4,403 | +6.1% |
| Other financial charges | 652/9 | €23,664 | €27,059 | +€3,396 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €896,369 | €4,502,746 | +€3.6m | +402% |
| Income taxes | 67/77 | €250,183 | €1,074,981 | +€824,798 | +330% |
| Taxes | 670/3 | €257,532 | €1,074,981 | +€817,449 | +317% |
| Tax adjustments and reversals of tax provisions | 77 | €7,349 | - | -€7,349 | |
| Profit (loss) for the period | 9904 | €646,187 | €3,427,765 | +€2.8m | +430% |
| Profit (loss) for the period to be appropriated | 9905 | €646,187 | €3,427,765 | +€2.8m | +430% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.