LUMARA: 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.
LUMARA
Largest movements
- Cash +€25,618
up €25,618 (+27.8%), from €92,064 to €117,682
mainly Short-term financial debts (+€27,109) and Net result for the year (+€26,549)
- Tangible fixed assets -€20,591
down €20,591 (-3.5%), from €582,810 to €562,219
- Debts after one year -€27,109
down €27,109 (-13.7%), from €197,157 to €170,048
of which Financial debts: -€27,109
- Short-term financial debts +€27,109
new in 2025: €27,109
- Current portion of long-term debt -€26,673
no longer reported in 2025 (was €26,673)
- Reserves +€26,549
up €26,549 (+10.2%), from €261,374 to €287,924
of which Distributable reserves: +€26,549
- Gross operating margin +€2,872
up €2,872 (+3.9%), from €72,847 to €75,718
- Taxes +€969
up €969 (+8.4%), from €11,525 to €12,494
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 | €676,747 | €679,901 | +€3,154 | +0.5% |
| Fixed assets | 21/28 | €582,810 | €562,219 | -€20,591 | -3.5% |
| Tangible fixed assets | 22/27 | €582,810 | €562,219 | -€20,591 | -3.5% |
| Land and buildings | 22 | €582,810 | €562,219 | -€20,591 | -3.5% |
| Current assets | 29/58 | €93,937 | €117,682 | +€23,745 | +25.3% |
| Amounts receivable within one year | 40/41 | €1,874 | - | -€1,874 | |
| Other amounts receivable | 41 | €1,874 | - | -€1,874 | |
| Cash at bank and in hand | 54/58 | €92,064 | €117,682 | +€25,618 | +27.8% |
| Total equity and liabilities | 10/49 | €676,747 | €679,901 | +€3,154 | +0.5% |
| Equity | 10/15 | €434,900 | €461,449 | +€26,549 | +6.1% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €261,374 | €287,924 | +€26,549 | +10.2% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €244,022 | €270,571 | +€26,549 | +10.9% |
| Amounts payable | 17/49 | €241,847 | €218,452 | -€23,396 | -9.7% |
| Amounts payable after more than one year | 17 | €197,157 | €170,048 | -€27,109 | -13.7% |
| Financial debts | 170/4 | €194,297 | €167,188 | -€27,109 | -14.0% |
| Other amounts payable | 178/9 | €2,860 | €2,860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,493 | €46,233 | +€1,740 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €26,673 | - | -€26,673 | |
| Financial debts | 43 | - | €27,109 | +€27,109 | |
| Credit institutions | 430/8 | - | €27,109 | +€27,109 | |
| Trade debts | 44 | €85 | €441 | +€356 | +418% |
| Suppliers | 440/4 | €85 | €441 | +€356 | +418% |
| Taxes, remuneration and social security | 45 | €1,525 | €2,475 | +€950 | +62.3% |
| Taxes | 450/3 | €1,525 | €2,475 | +€950 | +62.3% |
| Other amounts payable | 47/48 | €16,209 | €16,209 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €198 | €2,170 | +€1,973 | +998% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,122 | €26,349 | +€227 | +0.9% |
| Other operating charges | 640/8 | €6,316 | €6,514 | +€198 | +3.1% |
| Gross operating margin | 9900 | €72,847 | €75,718 | +€2,872 | +3.9% |
| Operating profit (loss) | 9901 | €40,409 | €42,856 | +€2,447 | +6.1% |
| Financial charges | 65/66B | €4,199 | €3,812 | -€387 | -9.2% |
| Recurring financial charges | 65 | €4,199 | €3,812 | -€387 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €36,210 | €39,044 | +€2,834 | +7.8% |
| Income taxes | 67/77 | €11,525 | €12,494 | +€969 | +8.4% |
| Profit (loss) for the period | 9904 | €24,685 | €26,549 | +€1,864 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,685 | €26,549 | +€1,864 | +7.6% |
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 15 October 2026 via checked.be.