Lumar-Invest: 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.
Lumar-Invest
Largest movements
- Financial fixed assets -€3.2m
down €3.2m (-68.4%), from €4.7m to €1.5m
- Intangible fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year +€432,754
up €432,754 (+499%), from €86,696 to €519,450
of which Trade receivables: +€427,163
- Receivables after one year +€100,000
new in 2025: €100,000
- Cash -€63,514
down €63,514 (-73.4%), from €86,589 to €23,074
- Debts after one year -€1.6m
down €1.6m (-87.9%), from €1.9m to €226,666
of which Other amounts payable: -€1.6m
- Profit (loss) carried forward -€146,870
new in 2025: -€146,870
- Trade debts +€143,598
up €143,598 (+16,854%), from €852 to €144,450
- Tax, wage and social debts +€76,480
up €76,480 (+416%), from €18,405 to €94,885
of which Taxes: +€43,920
- Gross operating margin +€718,581
up €718,581 (+797%), from €90,204 to €808,785
- Staff costs +€680,650
new in 2025: €680,650
- Depreciation +€236,501
up €236,501 (+1,919%), from €12,323 to €248,824
- Financial charges -€17,872
down €17,872 (-62.9%), from €28,431 to €10,560
- Financial income +€17,051
up €17,051 (+8,379%), from €204 to €17,254
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,339,720 | €3,699,352 | -€1.6m | -30.7% |
| Fixed assets | 21/28 | €5,165,773 | €3,055,138 | -€2.1m | -40.9% |
| Intangible fixed assets | 21 | - | €1,125,592 | +€1.1m | |
| Tangible fixed assets | 22/27 | €454,617 | €442,293 | -€12,323 | -2.7% |
| Land and buildings | 22 | €454,617 | €442,293 | -€12,323 | -2.7% |
| Financial fixed assets | 28 | €4,711,156 | €1,487,253 | -€3.2m | -68.4% |
| Current assets | 29/58 | €173,947 | €644,215 | +€470,267 | +270% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €86,696 | €519,450 | +€432,754 | +499% |
| Trade receivables | 40 | €72,600 | €499,763 | +€427,163 | +588% |
| Other amounts receivable | 41 | €14,096 | €19,687 | +€5,591 | +39.7% |
| Cash at bank and in hand | 54/58 | €86,589 | €23,074 | -€63,514 | -73.4% |
| Deferred charges and accrued income | 490/1 | €662 | €1,690 | +€1,027 | +155% |
| Total equity and liabilities | 10/49 | €5,339,720 | €3,699,352 | -€1.6m | -30.7% |
| Equity | 10/15 | €3,346,638 | €3,199,768 | -€146,870 | -4.4% |
| Contributions | 10/11 | €2,772,000 | €2,772,000 | = | 0.0% |
| Reserves | 13 | €574,638 | €574,638 | = | 0.0% |
| Distributable reserves | 133 | €574,638 | €574,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€146,870 | -€146,870 | |
| Amounts payable | 17/49 | €1,993,083 | €499,584 | -€1.5m | -74.9% |
| Amounts payable after more than one year | 17 | €1,870,833 | €226,666 | -€1.6m | -87.9% |
| Financial debts | 170/4 | €273,333 | €226,666 | -€46,667 | -17.1% |
| Other amounts payable | 178/9 | €1,597,500 | €0 | -€1.6m | -100% |
| Amounts payable within one year | 42/48 | €103,699 | €272,918 | +€169,219 | +163% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €852 | €144,450 | +€143,598 | +16,854% |
| Suppliers | 440/4 | €852 | €144,450 | +€143,598 | +16,854% |
| Taxes, remuneration and social security | 45 | €18,405 | €94,885 | +€76,480 | +416% |
| Taxes | 450/3 | €15,105 | €59,025 | +€43,920 | +291% |
| Remuneration and social security | 454/9 | €3,300 | €35,860 | +€32,560 | +987% |
| Other amounts payable | 47/48 | €57,774 | €6,916 | -€50,858 | -88.0% |
| Accrued charges and deferred income | 492/3 | €18,551 | €0 | -€18,551 | -100% |
| Remuneration, social security and pensions | 62 | - | €680,650 | +€680,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,323 | €248,824 | +€236,501 | +1,919% |
| Other operating charges | 640/8 | €2,273 | €4,744 | +€2,470 | +109% |
| Gross operating margin | 9900 | €90,204 | €808,785 | +€718,581 | +797% |
| Operating profit (loss) | 9901 | €75,607 | -€125,433 | -€201,040 | |
| Financial income | 75/76B | €204 | €17,254 | +€17,051 | +8,379% |
| Recurring financial income | 75 | €204 | €17,254 | +€17,051 | +8,379% |
| Financial charges | 65/66B | €28,431 | €10,560 | -€17,872 | -62.9% |
| Recurring financial charges | 65 | €28,431 | €10,560 | -€17,872 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €47,379 | -€118,739 | -€166,118 | |
| Income taxes | 67/77 | €13,266 | €28,131 | +€14,865 | +112% |
| Profit (loss) for the period | 9904 | €34,113 | -€146,870 | -€180,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,113 | -€146,870 | -€180,983 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.