Lumaco: 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.
Lumaco
Largest movements
- Tangible fixed assets -€56,423
down €56,423 (-5.8%), from €967,732 to €911,310
of which Land and buildings: -€64,820
- Cash -€26,307
down €26,307 (-96.9%), from €27,144 to €837
mainly Provisions (-€315,962) and Net result for the year (-€148,598)
- Receivables within one year +€25,214
up €25,214 (+40.8%), from €61,797 to €87,012
of which Other amounts receivable: +€26,405
- Other debts +€418,923
up €418,923 (+298.9%), from €140,152 to €559,075
- Provisions -€315,962
no longer reported in 2025 (was €315,962)
of which Provisions for liabilities and charges: -€281,631
- Reserves -€137,325
down €137,325 (-22.6%), from €607,542 to €470,217
of which Tax-exempt reserves: -€137,325
- Profit (loss) carried forward -€11,273
down €11,273 (-14.9%), from -€75,788 to -€87,062
- Depreciation +€43,854
up €43,854 (+44.1%), from €99,359 to €143,213
- Other operating charges +€36,856
up €36,856 (+940.5%), from €3,919 to €40,775
- Gross operating margin -€35,967
down €35,967 (-66.4%), from €54,202 to €18,235
- Financial charges -€20,084
down €20,084 (-94.9%), from €21,163 to €1,079
- Financial income +€10,183
up €10,183 (+189.6%), from €5,370 to €15,553
of which Non-recurring financial income: +€15,550
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 | €1,064,990 | €1,006,926 | -€58,064 | -5.5% |
| Fixed assets | 21/28 | €968,197 | €911,325 | -€56,873 | -5.9% |
| Tangible fixed assets | 22/27 | €967,732 | €911,310 | -€56,423 | -5.8% |
| Land and buildings | 22 | €550,540 | €485,720 | -€64,820 | -11.8% |
| Furniture and vehicles | 24 | €50,705 | €84,067 | +€33,362 | +65.8% |
| Other tangible fixed assets | 26 | €366,487 | €341,523 | -€24,965 | -6.8% |
| Financial fixed assets | 28 | €465 | €15 | -€450 | -96.8% |
| Current assets | 29/58 | €96,793 | €95,602 | -€1,191 | -1.2% |
| Amounts receivable within one year | 40/41 | €61,797 | €87,012 | +€25,214 | +40.8% |
| Trade receivables | 40 | €1,191 | - | -€1,191 | |
| Other amounts receivable | 41 | €60,606 | €87,012 | +€26,405 | +43.6% |
| Cash at bank and in hand | 54/58 | €27,144 | €837 | -€26,307 | -96.9% |
| Deferred charges and accrued income | 490/1 | €7,851 | €7,753 | -€98 | -1.3% |
| Total equity and liabilities | 10/49 | €1,064,990 | €1,006,926 | -€58,064 | -5.5% |
| Equity | 10/15 | €550,503 | €401,905 | -€148,598 | -27.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €607,542 | €470,217 | -€137,325 | -22.6% |
| Tax-exempt reserves | 132 | €137,325 | - | -€137,325 | |
| Distributable reserves | 133 | €470,217 | €470,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,788 | -€87,062 | -€11,273 | -14.9% |
| Provisions and deferred taxes | 16 | €315,962 | - | -€315,962 | |
| Provisions for liabilities and charges | 160/5 | €281,631 | - | -€281,631 | |
| Other liabilities and charges | 164/5 | €281,631 | - | -€281,631 | |
| Deferred taxes | 168 | €34,331 | - | -€34,331 | |
| Amounts payable | 17/49 | €198,525 | €605,021 | +€406,496 | +204.8% |
| Amounts payable within one year | 42/48 | €178,857 | €585,466 | +€406,609 | +227.3% |
| Trade debts | 44 | €25,868 | €19,099 | -€6,768 | -26.2% |
| Suppliers | 440/4 | €25,868 | €19,099 | -€6,768 | -26.2% |
| Taxes, remuneration and social security | 45 | €12,838 | €7,292 | -€5,546 | -43.2% |
| Taxes | 450/3 | €7,355 | €1,500 | -€5,855 | -79.6% |
| Remuneration and social security | 454/9 | €5,483 | €5,792 | +€309 | +5.6% |
| Other amounts payable | 47/48 | €140,152 | €559,075 | +€418,923 | +298.9% |
| Accrued charges and deferred income | 492/3 | €19,668 | €19,555 | -€113 | -0.6% |
| Remuneration, social security and pensions | 62 | €30,761 | €31,469 | +€708 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,359 | €143,213 | +€43,854 | +44.1% |
| Other operating charges | 640/8 | €3,919 | €40,775 | +€36,856 | +940.5% |
| Gross operating margin | 9900 | €54,202 | €18,235 | -€35,967 | -66.4% |
| Operating profit (loss) | 9901 | -€79,837 | -€197,222 | -€117,385 | -147.0% |
| Financial income | 75/76B | €5,370 | €15,553 | +€10,183 | +189.6% |
| Recurring financial income | 75 | €5,370 | €3 | -€5,367 | -100.0% |
| Non-recurring financial income | 76B | - | €15,550 | +€15,550 | |
| Financial charges | 65/66B | €21,163 | €1,079 | -€20,084 | -94.9% |
| Recurring financial charges | 65 | €21,163 | €1,079 | -€20,084 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€95,630 | -€182,749 | -€87,118 | -91.1% |
| Transfer from deferred taxes | 780 | €4,052 | €34,331 | +€30,279 | +747.3% |
| Income taxes | 67/77 | €418 | €181 | -€237 | -56.7% |
| Profit (loss) for the period | 9904 | -€91,997 | -€148,598 | -€56,602 | -61.5% |
| Transfer from tax-exempt reserves | 789 | €16,208 | €137,325 | +€121,117 | +747.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,788 | -€11,273 | +€64,515 | +85.1% |
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 5 October 2026 via checked.be.