LUMNA: 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
LUMNA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,871
2024 · €1.7m-€1.7m
Equity
€5.4m
2024 · €5.5m-€41,871
Cash
€133,214
2024 · €1.1m-€954,803
Balance sheet total
€5.4m
2024 · €6.3m-€811,850
Largest movements
Assets
- Cash -€954,803
down €954,803 (-87.8%), from €1.1m to €133,214
mainly Other debts (-€782,000) and Receivables within one year (-€156,924)
- Receivables within one year +€156,924
up €156,924 (+29.5%), from €532,341 to €689,266
of which Other amounts receivable: +€131,514
Equity and liabilities
- Other debts -€782,000
no longer reported in 2025 (was €782,000)
Income statement
- Financial income -€1.6m
down €1.6m (-97.1%), from €1.7m to €48,641
- Turnover -€150,000
down €150,000 (-64.1%), from €234,000 to €84,000
- Taxes -€32,102
down €32,102 (-97.9%), from €32,805 to €703
- Other operating income +€2,518
up €2,518 (+29.2%), from €8,620 to €11,138
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
€1.7m
Turnover
-€150,000
Other operating income
+€2,518
Services and other goods
+€1,325
Depreciation
+€1,999
Other operating charges
-€76
Other operating items
-€1,088
Financial income
-€1.6m
Financial charges
-€4
Taxes
+€32,102
Result 2025
-€41,871
raises the resultlowers the resultnot broken down further in the accounts
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
-€955,232
Investment
+€429
Financing
€0
Cash 2024
€1.1m
From operations (derived)
-€955,232
Net result for the year
-€41,871
Depreciation
+€16,331
Receivables within one year
-€156,924
Deferred charges and accrued income
-€2,788
Trade debts
+€16,334
Tax, wage and social debts
-€4,273
Other debts
-€782,000
Accrued charges and deferred income
-€39
Investment (derived)
+€429
Investment in fixed assets (net)
+€429
Cash 2025
€133,214
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,255,305 | €5,443,455 | -€811,850 | -13.0% |
| Fixed assets | 21/28 | €3,802,599 | €3,785,839 | -€16,760 | -0.4% |
| Tangible fixed assets | 22/27 | €32,141 | €15,381 | -€16,760 | -52.1% |
| Furniture and vehicles | 24 | €32,141 | €15,381 | -€16,760 | -52.1% |
| Financial fixed assets | 28 | €3,770,458 | €3,770,458 | = | 0.0% |
| Affiliated companies | 280/1 | €3,770,458 | €3,770,458 | = | 0.0% |
| Participating interests | 280 | €3,770,458 | €3,770,458 | = | 0.0% |
| Current assets | 29/58 | €2,452,706 | €1,657,615 | -€795,090 | -32.4% |
| Amounts receivable within one year | 40/41 | €532,341 | €689,266 | +€156,924 | +29.5% |
| Trade receivables | 40 | - | €25,410 | +€25,410 | |
| Other amounts receivable | 41 | €532,341 | €663,856 | +€131,514 | +24.7% |
| Current investments | 50/53 | €800,000 | €800,000 | = | 0.0% |
| Other investments | 51/53 | €800,000 | €800,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,088,017 | €133,214 | -€954,803 | -87.8% |
| Deferred charges and accrued income | 490/1 | €32,348 | €35,136 | +€2,788 | +8.6% |
| Total equity and liabilities | 10/49 | €6,255,305 | €5,443,455 | -€811,850 | -13.0% |
| Equity | 10/15 | €5,460,257 | €5,418,385 | -€41,871 | -0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,447,857 | €5,405,985 | -€41,871 | -0.8% |
| Non-distributable reserves | 130/1 | €2,088 | €2,088 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,088 | €2,088 | = | 0.0% |
| Distributable reserves | 133 | €5,445,769 | €5,403,898 | -€41,871 | -0.8% |
| Amounts payable | 17/49 | €795,048 | €25,069 | -€769,979 | -96.8% |
| Amounts payable within one year | 42/48 | €795,009 | €25,069 | -€769,940 | -96.8% |
| Trade debts | 44 | €4,736 | €21,069 | +€16,334 | +345% |
| Suppliers | 440/4 | €4,736 | €21,069 | +€16,334 | +345% |
| Taxes, remuneration and social security | 45 | €8,273 | €4,000 | -€4,273 | -51.7% |
| Taxes | 450/3 | €4,273 | - | -€4,273 | |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €782,000 | - | -€782,000 | |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Operating income | 70/76A | €242,620 | €95,138 | -€147,482 | -60.8% |
| Turnover | 70 | €234,000 | €84,000 | -€150,000 | -64.1% |
| Other operating income | 74 | €8,620 | €11,138 | +€2,518 | +29.2% |
| Operating charges | 60/66A | €186,449 | €184,290 | -€2,160 | -1.2% |
| Services and other goods | 61 | €166,353 | €165,029 | -€1,325 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,331 | €16,331 | -€1,999 | -10.9% |
| Other operating charges | 640/8 | €1,765 | €1,842 | +€76 | +4.3% |
| Non-recurring operating charges | 66A | - | €1,088 | +€1,088 | |
| Operating profit (loss) | 9901 | €56,170 | -€89,152 | -€145,322 | |
| Financial income | 75/76B | €1,684,028 | €48,641 | -€1.6m | -97.1% |
| Recurring financial income | 75 | €1,684,028 | €48,641 | -€1.6m | -97.1% |
| Income from financial fixed assets | 750 | €1,648,953 | €32,001 | -€1.6m | -98.1% |
| Income from current assets | 751 | €35,075 | €16,640 | -€18,435 | -52.6% |
| Financial charges | 65/66B | €654 | €658 | +€4 | +0.6% |
| Recurring financial charges | 65 | €654 | €658 | +€4 | +0.6% |
| Other financial charges | 652/9 | €654 | €658 | +€4 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €1,739,544 | -€41,169 | -€1.8m | |
| Income taxes | 67/77 | €32,805 | €703 | -€32,102 | -97.9% |
| Taxes | 670/3 | €32,805 | €703 | -€32,102 | -97.9% |
| Profit (loss) for the period | 9904 | €1,706,740 | -€41,871 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,706,740 | -€41,871 | -€1.7m |
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 17 October 2026 via checked.be.