LUMAKI: 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.
LUMAKI
Largest movements
- Cash -€126,036
down €126,036 (-67.8%), from €185,869 to €59,833
mainly Current investments (-€100,400) and Receivables within one year (-€82,786)
- Current investments +€100,400
new in 2025: €100,400
- Receivables within one year +€82,786
up €82,786 (+375%), from €22,070 to €104,856
of which Other amounts receivable: +€81,174
- Reserves +€51,177
up €51,177 (+28.2%), from €181,233 to €232,409
- Tax, wage and social debts +€2,760
up €2,760 (+10.6%), from €26,095 to €28,855
- Gross operating margin -€8,009
down €8,009 (-10.2%), from €78,765 to €70,757
- Financial income +€3,277
up €3,277 (+927%), from €354 to €3,631
- Taxes -€1,000
down €1,000 (-4.7%), from €21,165 to €20,165
- Depreciation +€998
up €998 (+104%), from €957 to €1,955
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 | €213,758 | €269,161 | +€55,402 | +25.9% |
| Fixed assets | 21/28 | €5,131 | €3,176 | -€1,955 | -38.1% |
| Tangible fixed assets | 22/27 | €5,131 | €3,176 | -€1,955 | -38.1% |
| Furniture and vehicles | 24 | €5,131 | €3,176 | -€1,955 | -38.1% |
| Current assets | 29/58 | €208,627 | €265,984 | +€57,357 | +27.5% |
| Amounts receivable within one year | 40/41 | €22,070 | €104,856 | +€82,786 | +375% |
| Trade receivables | 40 | €7,260 | €8,872 | +€1,612 | +22.2% |
| Other amounts receivable | 41 | €14,810 | €95,983 | +€81,174 | +548% |
| Current investments | 50/53 | - | €100,400 | +€100,400 | |
| Cash at bank and in hand | 54/58 | €185,869 | €59,833 | -€126,036 | -67.8% |
| Deferred charges and accrued income | 490/1 | €688 | €896 | +€207 | +30.1% |
| Total equity and liabilities | 10/49 | €213,758 | €269,161 | +€55,402 | +25.9% |
| Equity | 10/15 | €186,233 | €237,409 | +€51,177 | +27.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €181,233 | €232,409 | +€51,177 | +28.2% |
| Distributable reserves | 133 | €181,233 | €232,409 | +€51,177 | +28.2% |
| Amounts payable | 17/49 | €27,526 | €31,751 | +€4,226 | +15.4% |
| Amounts payable within one year | 42/48 | €26,676 | €30,901 | +€4,226 | +15.8% |
| Trade debts | 44 | €581 | €2,047 | +€1,465 | +252% |
| Suppliers | 440/4 | €581 | €2,047 | +€1,465 | +252% |
| Taxes, remuneration and social security | 45 | €26,095 | €28,855 | +€2,760 | +10.6% |
| Taxes | 450/3 | €26,095 | €28,855 | +€2,760 | +10.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €850 | €850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €1,955 | +€998 | +104% |
| Other operating charges | 640/8 | €1,596 | €1,080 | -€516 | -32.3% |
| Gross operating margin | 9900 | €78,765 | €70,757 | -€8,009 | -10.2% |
| Operating profit (loss) | 9901 | €76,213 | €67,722 | -€8,490 | -11.1% |
| Financial income | 75/76B | €354 | €3,631 | +€3,277 | +927% |
| Recurring financial income | 75 | €354 | €3,631 | +€3,277 | +927% |
| Financial charges | 65/66B | €168 | €12 | -€156 | -93.1% |
| Recurring financial charges | 65 | €168 | €12 | -€156 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €76,398 | €71,342 | -€5,057 | -6.6% |
| Income taxes | 67/77 | €21,165 | €20,165 | -€1,000 | -4.7% |
| Profit (loss) for the period | 9904 | €55,233 | €51,177 | -€4,056 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,233 | €51,177 | -€4,056 | -7.3% |
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 17 October 2026 via checked.be.