Lumafin: 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.
Lumafin
Largest movements
- Cash +€205,699
up €205,699 (+223.8%), from €91,926 to €297,625
mainly Net result for the year (+€143,160) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€25,745
up €25,745 (+151.8%), from €16,954 to €42,699
of which Trade receivables: +€25,725
- Tangible fixed assets +€11,368
new in 2025: €11,368
- Reserves +€143,160
up €143,160 (+113.7%), from €125,950 to €269,110
- Gross operating margin +€22,264
up €22,264 (+12.4%), from €180,055 to €202,319
- Taxes +€8,154
up €8,154 (+15.6%), from €52,384 to €60,538
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 | €209,185 | €351,692 | +€142,507 | +68.1% |
| Fixed assets | 21/28 | - | €11,368 | +€11,368 | |
| Tangible fixed assets | 22/27 | - | €11,368 | +€11,368 | |
| Plant, machinery and equipment | 23 | - | €11,368 | +€11,368 | |
| Current assets | 29/58 | €209,185 | €340,324 | +€131,139 | +62.7% |
| Amounts receivable within one year | 40/41 | €16,954 | €42,699 | +€25,745 | +151.8% |
| Trade receivables | 40 | €16,625 | €42,350 | +€25,725 | +154.7% |
| Other amounts receivable | 41 | €329 | €349 | +€20 | +6.1% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €91,926 | €297,625 | +€205,699 | +223.8% |
| Deferred charges and accrued income | 490/1 | €304 | - | -€304 | |
| Total equity and liabilities | 10/49 | €209,185 | €351,692 | +€142,507 | +68.1% |
| Equity | 10/15 | €135,850 | €279,010 | +€143,160 | +105.4% |
| Contributions | 10/11 | €9,900 | €9,900 | = | 0.0% |
| Capital | 10 | €9,900 | €9,900 | = | 0.0% |
| Issued capital | 100 | €9,900 | €9,900 | = | 0.0% |
| Reserves | 13 | €125,950 | €269,110 | +€143,160 | +113.7% |
| Distributable reserves | 133 | €125,950 | €269,110 | +€143,160 | +113.7% |
| Amounts payable | 17/49 | €73,335 | €72,681 | -€653 | -0.9% |
| Amounts payable within one year | 42/48 | €73,335 | €72,681 | -€653 | -0.9% |
| Trade debts | 44 | €1,438 | €1,410 | -€28 | -2.0% |
| Suppliers | 440/4 | €1,438 | €1,410 | -€28 | -2.0% |
| Taxes, remuneration and social security | 45 | €71,897 | €71,272 | -€625 | -0.9% |
| Taxes | 450/3 | €69,182 | €71,272 | +€2,089 | +3.0% |
| Remuneration and social security | 454/9 | €2,714 | - | -€2,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €132 | +€132 | |
| Other operating charges | 640/8 | €75 | €299 | +€224 | +298.2% |
| Gross operating margin | 9900 | €180,055 | €202,319 | +€22,264 | +12.4% |
| Operating profit (loss) | 9901 | €179,980 | €201,888 | +€21,908 | +12.2% |
| Financial income | 75/76B | €304 | €1,996 | +€1,691 | +555.7% |
| Recurring financial income | 75 | €304 | €1,996 | +€1,691 | +555.7% |
| Financial charges | 65/66B | €64 | €185 | +€121 | +189.6% |
| Recurring financial charges | 65 | €64 | €185 | +€121 | +189.6% |
| Profit (loss) for the period before taxes | 9903 | €180,220 | €203,699 | +€23,478 | +13.0% |
| Income taxes | 67/77 | €52,384 | €60,538 | +€8,154 | +15.6% |
| Profit (loss) for the period | 9904 | €127,836 | €143,160 | +€15,324 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,836 | €143,160 | +€15,324 | +12.0% |
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.