LUMA CMF: 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.
LUMA CMF
Largest movements
- Cash -€111,128
down €111,128 (-30.9%), from €359,713 to €248,585
mainly Contributions, distributions and other (-€535,000) and Investment in fixed assets (net) (-€14,203)
- Tangible fixed assets -€11,132
down €11,132 (-9.2%), from €121,305 to €110,173
of which Furniture and vehicles: -€20,730
- Profit (loss) carried forward -€184,774
down €184,774 (-54.4%), from €339,522 to €154,747
- Other debts +€36,676
up €36,676 (+19.2%), from €190,725 to €227,401
- Tax, wage and social debts +€28,992
up €28,992 (+59.8%), from €48,508 to €77,500
- Gross operating margin +€101,541
up €101,541 (+25.1%), from €405,268 to €506,809
- Taxes +€54,403
up €54,403 (+66.3%), from €82,000 to €136,403
- Other operating charges -€5,989
down €5,989 (-72.0%), from €8,320 to €2,331
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 | €581,005 | €461,684 | -€119,321 | -20.5% |
| Fixed assets | 21/28 | €121,305 | €110,173 | -€11,132 | -9.2% |
| Tangible fixed assets | 22/27 | €121,305 | €110,173 | -€11,132 | -9.2% |
| Plant, machinery and equipment | 23 | €30,142 | €39,740 | +€9,598 | +31.8% |
| Furniture and vehicles | 24 | €87,663 | €66,933 | -€20,730 | -23.6% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €459,699 | €351,511 | -€108,189 | -23.5% |
| Current investments | 50/53 | €99,987 | €99,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €359,713 | €248,585 | -€111,128 | -30.9% |
| Deferred charges and accrued income | 490/1 | - | €2,940 | +€2,940 | |
| Total equity and liabilities | 10/49 | €581,005 | €461,684 | -€119,321 | -20.5% |
| Equity | 10/15 | €341,522 | €156,747 | -€184,774 | -54.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,522 | €154,747 | -€184,774 | -54.4% |
| Amounts payable | 17/49 | €239,483 | €304,937 | +€65,453 | +27.3% |
| Amounts payable within one year | 42/48 | €239,483 | €304,925 | +€65,442 | +27.3% |
| Trade debts | 44 | €250 | €24 | -€226 | -90.6% |
| Suppliers | 440/4 | €250 | €24 | -€226 | -90.6% |
| Taxes, remuneration and social security | 45 | €48,508 | €77,500 | +€28,992 | +59.8% |
| Taxes | 450/3 | €48,508 | €77,500 | +€28,992 | +59.8% |
| Other amounts payable | 47/48 | €190,725 | €227,401 | +€36,676 | +19.2% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,059 | €25,335 | -€2,725 | -9.7% |
| Other operating charges | 640/8 | €8,320 | €2,331 | -€5,989 | -72.0% |
| Gross operating margin | 9900 | €405,268 | €506,809 | +€101,541 | +25.1% |
| Operating profit (loss) | 9901 | €368,889 | €479,143 | +€110,254 | +29.9% |
| Financial income | 75/76B | €4,170 | €7,575 | +€3,404 | +81.6% |
| Recurring financial income | 75 | €4,170 | €7,575 | +€3,404 | +81.6% |
| Financial charges | 65/66B | €51 | €89 | +€38 | +74.2% |
| Recurring financial charges | 65 | €51 | €89 | +€38 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €373,008 | €486,629 | +€113,621 | +30.5% |
| Income taxes | 67/77 | €82,000 | €136,403 | +€54,403 | +66.3% |
| Profit (loss) for the period | 9904 | €291,008 | €350,226 | +€59,218 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €291,008 | €350,226 | +€59,218 | +20.3% |
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 15 October 2026 via checked.be.