LUMAGE: 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.
LUMAGE
Largest movements
- Cash +€80,508
up €80,508 (+39.8%), from €202,097 to €282,605
mainly Net result for the year (+€71,015) and Current portion of long-term debt (+€18,000)
- Reserves +€71,015
up €71,015 (+39.7%), from €178,718 to €249,734
- Current portion of long-term debt +€18,000
up €18,000 (+2,136%), from €843 to €18,843
- Other debts -€9,841
down €9,841 (-56.9%), from €17,296 to €7,455
- Gross operating margin +€40,198
up €40,198 (+50.4%), from €79,775 to €119,973
- Taxes +€18,278
up €18,278 (+73.1%), from €25,004 to €43,282
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 | €208,023 | €287,259 | +€79,235 | +38.1% |
| Fixed assets | 21/28 | €4,874 | €3,609 | -€1,265 | -26.0% |
| Tangible fixed assets | 22/27 | €4,874 | €3,609 | -€1,265 | -26.0% |
| Plant, machinery and equipment | 23 | €4,079 | €3,144 | -€935 | -22.9% |
| Furniture and vehicles | 24 | €795 | €465 | -€331 | -41.6% |
| Current assets | 29/58 | €203,150 | €283,650 | +€80,501 | +39.6% |
| Amounts receivable within one year | 40/41 | €1,053 | €1,045 | -€8 | -0.7% |
| Trade receivables | 40 | €1,053 | €1,045 | -€8 | -0.7% |
| Cash at bank and in hand | 54/58 | €202,097 | €282,605 | +€80,508 | +39.8% |
| Total equity and liabilities | 10/49 | €208,023 | €287,259 | +€79,235 | +38.1% |
| Equity | 10/15 | €174,091 | €245,107 | +€71,015 | +40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,718 | €249,734 | +€71,015 | +39.7% |
| Distributable reserves | 133 | €178,718 | €249,734 | +€71,015 | +39.7% |
| Profit (loss) carried forward | 14 | -€23,227 | -€23,227 | = | 0.0% |
| Amounts payable | 17/49 | €33,932 | €42,152 | +€8,220 | +24.2% |
| Amounts payable within one year | 42/48 | €33,932 | €42,152 | +€8,220 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €843 | €18,843 | +€18,000 | +2,136% |
| Trade debts | 44 | €3,984 | €2,915 | -€1,068 | -26.8% |
| Suppliers | 440/4 | €3,984 | €2,915 | -€1,068 | -26.8% |
| Taxes, remuneration and social security | 45 | €11,810 | €12,940 | +€1,130 | +9.6% |
| Taxes | 450/3 | €11,810 | €12,940 | +€1,130 | +9.6% |
| Other amounts payable | 47/48 | €17,296 | €7,455 | -€9,841 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,285 | €3,908 | -€377 | -8.8% |
| Other operating charges | 640/8 | €1,430 | €1,419 | -€11 | -0.8% |
| Gross operating margin | 9900 | €79,775 | €119,973 | +€40,198 | +50.4% |
| Operating profit (loss) | 9901 | €74,060 | €114,645 | +€40,585 | +54.8% |
| Financial income | 75/76B | €214 | €406 | +€192 | +89.9% |
| Recurring financial income | 75 | €214 | €406 | +€192 | +89.9% |
| Financial charges | 65/66B | €396 | €755 | +€359 | +90.7% |
| Recurring financial charges | 65 | €396 | €755 | +€359 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €73,879 | €114,297 | +€40,419 | +54.7% |
| Income taxes | 67/77 | €25,004 | €43,282 | +€18,278 | +73.1% |
| Profit (loss) for the period | 9904 | €48,874 | €71,015 | +€22,141 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,874 | €71,015 | +€22,141 | +45.3% |
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 14 October 2026 via checked.be.