LUMAERI BEHEER: 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.
LUMAERI BEHEER
Largest movements
- Tangible fixed assets -€54,730
down €54,730 (-3.6%), from €1.5m to €1.5m
of which Land and buildings: -€54,410
- Receivables within one year -€15,817
down €15,817 (-78.8%), from €20,069 to €4,252
of which Other amounts receivable: -€14,646
- Debts after one year -€87,539
down €87,539 (-8.6%), from €1.0m to €926,465
- Reserves +€31,016
up €31,016 (+12.4%), from €250,693 to €281,709
of which Distributable reserves: +€31,016
- Gross operating margin +€24,468
up €24,468 (+20.8%), from €117,638 to €142,106
- Taxes +€5,303
up €5,303 (+57.8%), from €9,171 to €14,474
- Depreciation +€4,366
up €4,366 (+8.7%), from €50,044 to €54,410
- Other operating charges +€2,231
up €2,231 (+19.5%), from €11,445 to €13,676
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 | €1,577,652 | €1,513,958 | -€63,694 | -4.0% |
| Fixed assets | 21/28 | €1,541,375 | €1,486,645 | -€54,730 | -3.6% |
| Tangible fixed assets | 22/27 | €1,541,375 | €1,486,645 | -€54,730 | -3.6% |
| Land and buildings | 22 | €1,541,055 | €1,486,645 | -€54,410 | -3.5% |
| Other tangible fixed assets | 26 | €320 | €0 | -€320 | -100% |
| Current assets | 29/58 | €36,277 | €27,313 | -€8,965 | -24.7% |
| Amounts receivable within one year | 40/41 | €20,069 | €4,252 | -€15,817 | -78.8% |
| Trade receivables | 40 | €1,170 | €0 | -€1,170 | -100% |
| Other amounts receivable | 41 | €18,898 | €4,252 | -€14,646 | -77.5% |
| Cash at bank and in hand | 54/58 | €9,650 | €20,012 | +€10,362 | +107% |
| Deferred charges and accrued income | 490/1 | €6,559 | €3,049 | -€3,510 | -53.5% |
| Total equity and liabilities | 10/49 | €1,577,652 | €1,513,958 | -€63,694 | -4.0% |
| Equity | 10/15 | €313,834 | €344,849 | +€31,016 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €250,693 | €281,709 | +€31,016 | +12.4% |
| Non-distributable reserves | 130/1 | €11,469 | €11,469 | = | 0.0% |
| Legal reserve | 130 | €11,469 | €11,469 | = | 0.0% |
| Distributable reserves | 133 | €239,224 | €270,240 | +€31,016 | +13.0% |
| Profit (loss) carried forward | 14 | €1,140 | €1,140 | = | 0.0% |
| Amounts payable | 17/49 | €1,263,819 | €1,169,109 | -€94,710 | -7.5% |
| Amounts payable after more than one year | 17 | €1,014,004 | €926,465 | -€87,539 | -8.6% |
| Financial debts | 170/4 | €1,014,004 | €926,465 | -€87,539 | -8.6% |
| Amounts payable within one year | 42/48 | €235,298 | €230,547 | -€4,752 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €85,671 | €87,539 | +€1,868 | +2.2% |
| Trade debts | 44 | €8,702 | €2,227 | -€6,474 | -74.4% |
| Suppliers | 440/4 | €8,702 | €2,227 | -€6,474 | -74.4% |
| Other amounts payable | 47/48 | €140,925 | €140,780 | -€145 | -0.1% |
| Accrued charges and deferred income | 492/3 | €14,516 | €12,097 | -€2,419 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,044 | €54,410 | +€4,366 | +8.7% |
| Other operating charges | 640/8 | €11,445 | €13,676 | +€2,231 | +19.5% |
| Non-recurring operating charges | 66A | - | €320 | +€320 | |
| Gross operating margin | 9900 | €117,638 | €142,106 | +€24,468 | +20.8% |
| Operating profit (loss) | 9901 | €56,149 | €73,701 | +€17,551 | +31.3% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €27,327 | €28,258 | +€932 | +3.4% |
| Recurring financial charges | 65 | €27,327 | €28,258 | +€932 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €28,823 | €45,490 | +€16,667 | +57.8% |
| Income taxes | 67/77 | €9,171 | €14,474 | +€5,303 | +57.8% |
| Profit (loss) for the period | 9904 | €19,652 | €31,016 | +€11,364 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,652 | €31,016 | +€11,364 | +57.8% |
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 26 October 2026 via checked.be.