LUMADEC: 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.
LUMADEC
Largest movements
- Cash +€12,780
up €12,780 (+546%), from €2,340 to €15,120
mainly Depreciation (+€10,381) and Net result for the year (+€6,667)
- Tangible fixed assets -€10,668
down €10,668 (-12.0%), from €88,642 to €77,974
of which Land and buildings: -€10,381
- Receivables within one year +€3,142
up €3,142 (+1,305%), from €241 to €3,382
of which Trade receivables: +€2,435
- Profit (loss) carried forward +€6,667
up €6,667 (+7.3%), from -€91,322 to -€84,655
- Other debts -€1,440
down €1,440 (-25.4%), from €5,677 to €4,237
- Trade debts +€1,055
up €1,055 (+173%), from €608 to €1,663
- Gross operating margin -€2,733
down €2,733 (-11.4%), from €24,020 to €21,287
- Depreciation -€1,724
down €1,724 (-14.2%), from €12,105 to €10,381
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 | €91,529 | €97,166 | +€5,637 | +6.2% |
| Fixed assets | 21/28 | €88,642 | €77,974 | -€10,668 | -12.0% |
| Tangible fixed assets | 22/27 | €88,642 | €77,974 | -€10,668 | -12.0% |
| Land and buildings | 22 | €85,105 | €74,724 | -€10,381 | -12.2% |
| Furniture and vehicles | 24 | €288 | €0 | -€288 | -100% |
| Other tangible fixed assets | 26 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €2,887 | €19,192 | +€16,305 | +565% |
| Amounts receivable within one year | 40/41 | €241 | €3,382 | +€3,142 | +1,305% |
| Trade receivables | 40 | €241 | €2,675 | +€2,435 | +1,011% |
| Other amounts receivable | 41 | - | €707 | +€707 | |
| Cash at bank and in hand | 54/58 | €2,340 | €15,120 | +€12,780 | +546% |
| Deferred charges and accrued income | 490/1 | €307 | €690 | +€383 | +125% |
| Total equity and liabilities | 10/49 | €91,529 | €97,166 | +€5,637 | +6.2% |
| Equity | 10/15 | €81,333 | €88,000 | +€6,667 | +8.2% |
| Contributions | 10/11 | €152,200 | €152,200 | = | 0.0% |
| Reserves | 13 | €20,456 | €20,456 | = | 0.0% |
| Distributable reserves | 133 | €20,456 | €20,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,322 | -€84,655 | +€6,667 | +7.3% |
| Amounts payable | 17/49 | €10,196 | €9,166 | -€1,030 | -10.1% |
| Amounts payable within one year | 42/48 | €7,696 | €6,666 | -€1,030 | -13.4% |
| Trade debts | 44 | €608 | €1,663 | +€1,055 | +173% |
| Suppliers | 440/4 | €608 | €1,663 | +€1,055 | +173% |
| Taxes, remuneration and social security | 45 | €1,411 | €766 | -€645 | -45.7% |
| Taxes | 450/3 | €1,411 | €766 | -€645 | -45.7% |
| Other amounts payable | 47/48 | €5,677 | €4,237 | -€1,440 | -25.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,105 | €10,381 | -€1,724 | -14.2% |
| Other operating charges | 640/8 | €3,404 | €3,171 | -€233 | -6.8% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €24,020 | €21,287 | -€2,733 | -11.4% |
| Operating profit (loss) | 9901 | €8,512 | €7,448 | -€1,064 | -12.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €278 | €238 | -€40 | -14.3% |
| Recurring financial charges | 65 | €278 | €238 | -€40 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €8,233 | €7,210 | -€1,024 | -12.4% |
| Income taxes | 67/77 | €650 | €543 | -€107 | -16.5% |
| Profit (loss) for the period | 9904 | €7,583 | €6,667 | -€916 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,583 | €6,667 | -€916 | -12.1% |
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 24 October 2026 via checked.be.