LUMADEM: 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.
LUMADEM
Largest movements
- Tangible fixed assets -€51,306
down €51,306 (-3.7%), from €1.4m to €1.3m
of which Land and buildings: -€47,333
- Reserves -€160,949
down €160,949 (-19.7%), from €815,936 to €654,988
of which Distributable reserves: -€136,669
- Other debts +€127,107
up €127,107 (+29.4%), from €432,503 to €559,610
- Other operating charges +€620
up €620 (+40.6%), from €1,527 to €2,147
- Gross operating margin +€547
up €547 (+2.5%), from €21,761 to €22,307
- Financial charges +€473
up €473 (+20.5%), from €2,304 to €2,777
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 | €1,559,208 | €1,506,424 | -€52,784 | -3.4% |
| Fixed assets | 21/28 | €1,376,390 | €1,325,084 | -€51,306 | -3.7% |
| Tangible fixed assets | 22/27 | €1,376,390 | €1,325,084 | -€51,306 | -3.7% |
| Land and buildings | 22 | €1,368,443 | €1,321,110 | -€47,333 | -3.5% |
| Furniture and vehicles | 24 | €7,947 | €3,973 | -€3,973 | -50.0% |
| Current assets | 29/58 | €182,819 | €181,341 | -€1,478 | -0.8% |
| Stocks and contracts in progress | 3 | €177,485 | €177,485 | = | 0.0% |
| Stocks | 30/36 | €177,485 | €177,485 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,406 | €2,081 | +€675 | +48.0% |
| Deferred charges and accrued income | 490/1 | €3,928 | €1,775 | -€2,153 | -54.8% |
| Total equity and liabilities | 10/49 | €1,559,208 | €1,506,424 | -€52,784 | -3.4% |
| Equity | 10/15 | €657,983 | €489,868 | -€168,115 | -25.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €815,936 | €654,988 | -€160,949 | -19.7% |
| Non-distributable reserves | 130/1 | €20,650 | €20,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,650 | €20,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €656,170 | €631,890 | -€24,280 | -3.7% |
| Distributable reserves | 133 | €139,117 | €2,448 | -€136,669 | -98.2% |
| Profit (loss) carried forward | 14 | -€170,353 | -€177,520 | -€7,167 | -4.2% |
| Provisions and deferred taxes | 16 | €193,723 | €185,630 | -€8,093 | -4.2% |
| Deferred taxes | 168 | €193,723 | €185,630 | -€8,093 | -4.2% |
| Amounts payable | 17/49 | €707,502 | €830,926 | +€123,425 | +17.4% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €546,702 | €669,492 | +€122,791 | +22.5% |
| Trade debts | 44 | €113,271 | €109,007 | -€4,264 | -3.8% |
| Suppliers | 440/4 | €113,271 | €109,007 | -€4,264 | -3.8% |
| Taxes, remuneration and social security | 45 | €928 | €876 | -€52 | -5.6% |
| Taxes | 450/3 | €928 | €876 | -€52 | -5.6% |
| Other amounts payable | 47/48 | €432,503 | €559,610 | +€127,107 | +29.4% |
| Accrued charges and deferred income | 492/3 | €800 | €1,434 | +€634 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,892 | €56,047 | +€156 | +0.3% |
| Other operating charges | 640/8 | €1,527 | €2,147 | +€620 | +40.6% |
| Gross operating margin | 9900 | €21,761 | €22,307 | +€547 | +2.5% |
| Operating profit (loss) | 9901 | -€35,658 | -€35,887 | -€229 | -0.6% |
| Financial charges | 65/66B | €2,304 | €2,777 | +€473 | +20.5% |
| Recurring financial charges | 65 | €2,304 | €2,777 | +€473 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,962 | -€38,664 | -€702 | -1.8% |
| Transfer from deferred taxes | 780 | €8,093 | €8,093 | = | 0.0% |
| Income taxes | 67/77 | €928 | €876 | -€52 | -5.6% |
| Profit (loss) for the period | 9904 | -€30,797 | -€31,447 | -€650 | -2.1% |
| Transfer from tax-exempt reserves | 789 | €24,280 | €24,280 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,517 | -€7,167 | -€650 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.