LUMA: what changed
Two fiscal 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
Largest movements
- Deferred charges and accrued income -€5,642
down €5,642 (-49.3%), from €11,445 to €5,802
- Cash +€3,580
up €3,580 (+16.1%), from €22,223 to €25,803
mainly Net result for the year (+€23,425) and Trade debts (+€5,724)
- Receivables within one year -€2,985
down €2,985 (-5.0%), from €59,660 to €56,674
of which Other amounts receivable: -€5,055
- Trade debts +€5,724
up €5,724 (+95.1%), from €6,018 to €11,742
- Tax, wage and social debts -€3,621
no longer reported in 2025 (was €3,621)
- Reserves -€2,965
down €2,965 (-3.7%), from €79,566 to €76,601
- Current portion of long-term debt -€2,629
down €2,629 (-91.6%), from €2,871 to €242
- Financial charges +€1,119
up €1,119 (+205.1%), from €546 to €1,665
- Gross operating margin +€439
up €439 (+1.3%), from €34,952 to €35,391
- Financial income -€408
down €408 (-11.9%), from €3,424 to €3,015
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.
Cash bridge derived
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 | €111,696 | €107,867 | -€3,828 | -3.4% |
| Fixed assets | 21/28 | €13,716 | €14,326 | +€611 | +4.5% |
| Tangible fixed assets | 22/27 | €13,716 | €14,326 | +€611 | +4.5% |
| Plant, machinery and equipment | 23 | €964 | €963 | -€1 | -0.1% |
| Furniture and vehicles | 24 | €5,768 | €3,800 | -€1,969 | -34.1% |
| Other tangible fixed assets | 26 | €6,983 | €9,563 | +€2,581 | +37.0% |
| Current assets | 29/58 | €97,980 | €93,541 | -€4,439 | -4.5% |
| Stocks and contracts in progress | 3 | €4,653 | €5,262 | +€608 | +13.1% |
| Stocks | 30/36 | €4,653 | €5,262 | +€608 | +13.1% |
| Amounts receivable within one year | 40/41 | €59,660 | €56,674 | -€2,985 | -5.0% |
| Trade receivables | 40 | - | €2,070 | +€2,070 | |
| Other amounts receivable | 41 | €59,660 | €54,604 | -€5,055 | -8.5% |
| Cash at bank and in hand | 54/58 | €22,223 | €25,803 | +€3,580 | +16.1% |
| Deferred charges and accrued income | 490/1 | €11,445 | €5,802 | -€5,642 | -49.3% |
| Total equity and liabilities | 10/49 | €111,696 | €107,867 | -€3,828 | -3.4% |
| Equity | 10/15 | €98,849 | €95,884 | -€2,965 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,566 | €76,601 | -€2,965 | -3.7% |
| Distributable reserves | 133 | €79,566 | €76,601 | -€2,965 | -3.7% |
| Profit (loss) carried forward | 14 | €13,083 | €13,083 | = | 0.0% |
| Amounts payable | 17/49 | €12,847 | €11,984 | -€863 | -6.7% |
| Amounts payable after more than one year | 17 | €242 | - | -€242 | |
| Financial debts | 170/4 | €242 | - | -€242 | |
| Amounts payable within one year | 42/48 | €12,510 | €11,983 | -€526 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €2,871 | €242 | -€2,629 | -91.6% |
| Trade debts | 44 | €6,018 | €11,742 | +€5,724 | +95.1% |
| Suppliers | 440/4 | €6,018 | €11,742 | +€5,724 | +95.1% |
| Taxes, remuneration and social security | 45 | €3,621 | - | -€3,621 | |
| Taxes | 450/3 | €3,621 | - | -€3,621 | |
| Accrued charges and deferred income | 492/3 | €95 | €0 | -€95 | -99.7% |
| Non-recurring operating income | 76A | €3,222 | - | -€3,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,035 | €2,848 | -€188 | -6.2% |
| Other operating charges | 640/8 | €524 | €741 | +€217 | +41.4% |
| Gross operating margin | 9900 | €34,952 | €35,391 | +€439 | +1.3% |
| Operating profit (loss) | 9901 | €31,392 | €31,802 | +€410 | +1.3% |
| Financial income | 75/76B | €3,424 | €3,015 | -€408 | -11.9% |
| Recurring financial income | 75 | €3,424 | €3,015 | -€408 | -11.9% |
| Financial charges | 65/66B | €546 | €1,665 | +€1,119 | +205.1% |
| Recurring financial charges | 65 | €546 | €1,665 | +€1,119 | +205.1% |
| Profit (loss) for the period before taxes | 9903 | €34,270 | €33,153 | -€1,117 | -3.3% |
| Income taxes | 67/77 | €9,944 | €9,728 | -€216 | -2.2% |
| Profit (loss) for the period | 9904 | €24,327 | €23,425 | -€902 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,327 | €23,425 | -€902 | -3.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.