DE LUMAN: 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.
DE LUMAN
Largest movements
- Tangible fixed assets -€72,052
down €72,052 (-5.6%), from €1.3m to €1.2m
of which Land and buildings: -€40,801
- Cash +€22,836
up €22,836 (+498.1%), from €4,585 to €27,421
mainly Depreciation (+€72,052) and Net result for the year (+€59,677)
- Other debts -€71,927
down €71,927 (-17.3%), from €416,009 to €344,082
- Reserves +€59,677
up €59,677 (+212.6%), from €28,065 to €87,742
of which Distributable reserves: +€59,677
- Debts after one year -€41,709
down €41,709 (-6.1%), from €678,719 to €637,009
- Tax, wage and social debts +€31,391
up €31,391 (+6273.1%), from €500 to €31,891
- Accrued charges and deferred income -€16,869
down €16,869 (-83.0%), from €20,329 to €3,460
- Gross operating margin +€90,576
up €90,576 (+109.0%), from €83,125 to €173,701
- Taxes +€30,409
up €30,409 (+18086.5%), from €168 to €30,577
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 | €1,300,514 | €1,250,669 | -€49,845 | -3.8% |
| Fixed assets | 21/28 | €1,289,536 | €1,217,483 | -€72,052 | -5.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,289,536 | €1,217,483 | -€72,052 | -5.6% |
| Land and buildings | 22 | €1,074,861 | €1,034,060 | -€40,801 | -3.8% |
| Plant, machinery and equipment | 23 | €178,653 | €156,372 | -€22,281 | -12.5% |
| Furniture and vehicles | 24 | €30,421 | €21,451 | -€8,970 | -29.5% |
| Other tangible fixed assets | 26 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €10,978 | €33,186 | +€22,207 | +202.3% |
| Amounts receivable within one year | 40/41 | €6,245 | €5,764 | -€481 | -7.7% |
| Trade receivables | 40 | €2,704 | €5,566 | +€2,862 | +105.8% |
| Other amounts receivable | 41 | €3,541 | €198 | -€3,342 | -94.4% |
| Cash at bank and in hand | 54/58 | €4,585 | €27,421 | +€22,836 | +498.1% |
| Deferred charges and accrued income | 490/1 | €148 | - | -€148 | |
| Total equity and liabilities | 10/49 | €1,300,514 | €1,250,669 | -€49,845 | -3.8% |
| Equity | 10/15 | €122,235 | €181,912 | +€59,677 | +48.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,065 | €87,742 | +€59,677 | +212.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €9,315 | €68,992 | +€59,677 | +640.6% |
| Profit (loss) carried forward | 14 | €75,578 | €75,578 | = | 0.0% |
| Amounts payable | 17/49 | €1,178,279 | €1,068,757 | -€109,522 | -9.3% |
| Amounts payable after more than one year | 17 | €678,719 | €637,009 | -€41,709 | -6.1% |
| Financial debts | 170/4 | €678,719 | €637,009 | -€41,709 | -6.1% |
| Amounts payable within one year | 42/48 | €479,231 | €428,288 | -€50,943 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €41,170 | €41,709 | +€540 | +1.3% |
| Trade debts | 44 | €21,552 | €10,605 | -€10,947 | -50.8% |
| Suppliers | 440/4 | €21,552 | €10,605 | -€10,947 | -50.8% |
| Taxes, remuneration and social security | 45 | €500 | €31,891 | +€31,391 | +6273.1% |
| Taxes | 450/3 | €500 | €31,891 | +€31,391 | +6273.1% |
| Other amounts payable | 47/48 | €416,009 | €344,082 | -€71,927 | -17.3% |
| Accrued charges and deferred income | 492/3 | €20,329 | €3,460 | -€16,869 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,429 | €72,052 | +€1,623 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,239 | €2,597 | +€1,358 | +109.7% |
| Gross operating margin | 9900 | €83,125 | €173,701 | +€90,576 | +109.0% |
| Operating profit (loss) | 9901 | €11,457 | €99,052 | +€87,595 | +764.6% |
| Financial income | 75/76B | €34 | €302 | +€267 | +777.8% |
| Recurring financial income | 75 | €34 | €302 | +€267 | +777.8% |
| Financial charges | 65/66B | €9,642 | €9,100 | -€541 | -5.6% |
| Recurring financial charges | 65 | €9,642 | €9,100 | -€541 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €1,849 | €90,253 | +€88,404 | +4779.9% |
| Income taxes | 67/77 | €168 | €30,577 | +€30,409 | +18086.5% |
| Profit (loss) for the period | 9904 | €1,681 | €59,677 | +€57,995 | +3449.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,681 | €59,677 | +€57,995 | +3449.3% |
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 10 October 2026 via checked.be.