LUMAR: 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.
What changed
LUMAR
NACE 68.310, Real estate agency activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€119,405
2023 · -€4,520-€114,885
Equity
€1.4m
2023 · €1.6m-€119,405
Cash
€556
2023 · €11,074-€10,518
Balance sheet total
€4.4m
2023 · €4.7m-€225,841
Largest movements
Assets
- Receivables within one year -€149,547
down €149,547 (-10.1%), from €1.5m to €1.3m
of which Other amounts receivable: -€148,079
- Tangible fixed assets -€63,001
down €63,001 (-3.7%), from €1.7m to €1.6m
of which Land and buildings: -€56,186
Equity and liabilities
- Profit (loss) carried forward -€114,931
down €114,931 (-73.6%), from €156,123 to €41,192
- Debts after one year -€108,257
down €108,257 (-9.2%), from €1.2m to €1.1m
Income statement
- Financial charges +€96,306
up €96,306 (+214.5%), from €44,898 to €141,203
- Gross operating margin -€23,749
down €23,749 (-16.4%), from €144,816 to €121,068
- Staff costs -€15,045
down €15,045 (-47.2%), from €31,870 to €16,825
- Other operating charges +€11,387
up €11,387 (+107.5%), from €10,588 to €21,975
From the 2023 result to the 2024 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.
Result 2023
-€4,520
Gross operating margin
-€23,749
Staff costs
+€15,045
Depreciation
+€1,371
Other operating charges
-€11,387
Financial charges
-€96,306
Taxes
+€140
Result 2024
-€119,405
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€95,831
Investment
€0
Financing
-€106,349
Cash 2023
€11,074
From operations (derived)
+€95,831
Net result for the year
-€119,405
Depreciation
+€63,001
Receivables within one year
+€149,547
Deferred charges and accrued income
+€2,775
Provisions
-€2,531
Trade debts
+€12,777
Tax, wage and social debts
-€1,535
Advances received
+€2,803
Other debts
-€8,100
Accrued charges and deferred income
-€3,501
Financing
-€106,349
Debts after one year
-€108,257
Current portion of long-term debt
+€1,908
Cash 2024
€556
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,675,106 | €4,449,265 | -€225,841 | -4.8% |
| Fixed assets | 21/28 | €3,149,892 | €3,086,891 | -€63,001 | -2.0% |
| Tangible fixed assets | 22/27 | €1,699,831 | €1,636,830 | -€63,001 | -3.7% |
| Land and buildings | 22 | €1,670,619 | €1,614,433 | -€56,186 | -3.4% |
| Plant, machinery and equipment | 23 | €11,983 | €9,576 | -€2,408 | -20.1% |
| Furniture and vehicles | 24 | €17,229 | €12,821 | -€4,408 | -25.6% |
| Financial fixed assets | 28 | €1,450,062 | €1,450,062 | = | 0.0% |
| Current assets | 29/58 | €1,525,213 | €1,362,373 | -€162,840 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,476,329 | €1,326,781 | -€149,547 | -10.1% |
| Trade receivables | 40 | €1,469 | - | -€1,469 | |
| Other amounts receivable | 41 | €1,474,860 | €1,326,781 | -€148,079 | -10.0% |
| Cash at bank and in hand | 54/58 | €11,074 | €556 | -€10,518 | -95.0% |
| Deferred charges and accrued income | 490/1 | €37,811 | €35,036 | -€2,775 | -7.3% |
| Total equity and liabilities | 10/49 | €4,675,106 | €4,449,265 | -€225,841 | -4.8% |
| Equity | 10/15 | €1,551,015 | €1,431,610 | -€119,405 | -7.7% |
| Contributions | 10/11 | €1,279,723 | €1,279,723 | = | 0.0% |
| Capital | 10 | €1,279,723 | €1,279,723 | = | 0.0% |
| Issued capital | 100 | €1,279,723 | €1,279,723 | = | 0.0% |
| Reserves | 13 | €115,170 | €110,695 | -€4,475 | -3.9% |
| Non-distributable reserves | 130/1 | €19,800 | €19,800 | = | 0.0% |
| Legal reserve | 130 | €19,800 | €19,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,370 | €90,895 | -€4,475 | -4.7% |
| Profit (loss) carried forward | 14 | €156,123 | €41,192 | -€114,931 | -73.6% |
| Provisions and deferred taxes | 16 | €52,036 | €49,505 | -€2,531 | -4.9% |
| Deferred taxes | 168 | €52,036 | €49,505 | -€2,531 | -4.9% |
| Amounts payable | 17/49 | €3,072,055 | €2,968,150 | -€103,905 | -3.4% |
| Amounts payable after more than one year | 17 | €1,174,508 | €1,066,251 | -€108,257 | -9.2% |
| Financial debts | 170/4 | €1,174,508 | €1,066,251 | -€108,257 | -9.2% |
| Amounts payable within one year | 42/48 | €1,894,045 | €1,901,898 | +€7,853 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €106,349 | €108,257 | +€1,908 | +1.8% |
| Financial debts | 43 | €1,750,000 | €1,750,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,750,000 | €1,750,000 | = | 0.0% |
| Trade debts | 44 | €3,136 | €15,913 | +€12,777 | +407.5% |
| Suppliers | 440/4 | €3,136 | €15,913 | +€12,777 | +407.5% |
| Advances received on contracts in progress | 46 | - | €2,803 | +€2,803 | |
| Taxes, remuneration and social security | 45 | €11,870 | €10,335 | -€1,535 | -12.9% |
| Taxes | 450/3 | €10,292 | €9,682 | -€610 | -5.9% |
| Remuneration and social security | 454/9 | €1,578 | €653 | -€926 | -58.6% |
| Other amounts payable | 47/48 | €22,690 | €14,591 | -€8,100 | -35.7% |
| Accrued charges and deferred income | 492/3 | €3,501 | - | -€3,501 | |
| Remuneration, social security and pensions | 62 | €31,870 | €16,825 | -€15,045 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,372 | €63,001 | -€1,371 | -2.1% |
| Other operating charges | 640/8 | €10,588 | €21,975 | +€11,387 | +107.5% |
| Gross operating margin | 9900 | €144,816 | €121,068 | -€23,749 | -16.4% |
| Operating profit (loss) | 9901 | €37,987 | €19,267 | -€18,719 | -49.3% |
| Financial charges | 65/66B | €44,898 | €141,203 | +€96,306 | +214.5% |
| Recurring financial charges | 65 | €44,898 | €141,203 | +€96,306 | +214.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,911 | -€121,936 | -€115,025 | -1664.3% |
| Transfer from deferred taxes | 780 | €2,531 | €2,531 | = | 0.0% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | -€4,520 | -€119,405 | -€114,885 | -2541.6% |
| Transfer from tax-exempt reserves | 789 | €4,475 | €4,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46 | -€114,931 | -€114,885 | -251885.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.