Lumarc: 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.
Lumarc
Largest movements
- Cash +€282,767
up €282,767 (+151.8%), from €186,301 to €469,067
mainly Other debts (+€410,472) and Current investments (+€250,000)
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Tangible fixed assets -€151,076
down €151,076 (-7.2%), from €2.1m to €1.9m
of which Land and buildings: -€126,124
- Receivables within one year +€114,639
up €114,639 (+86.2%), from €133,065 to €247,704
of which Other amounts receivable: +€109,277
- Other debts +€410,472
new in 2025: €410,472
- Reserves -€296,345
down €296,345 (-17.9%), from €1.7m to €1.4m
of which Distributable reserves: -€287,873
- Debts after one year -€85,192
down €85,192 (-16.3%), from €522,256 to €437,064
- Tax, wage and social debts -€45,816
down €45,816 (-28.8%), from €158,981 to €113,165
of which Taxes: -€45,157
- Gross operating margin -€21,268
down €21,268 (-4.8%), from €445,167 to €423,898
- Other operating charges -€13,446
down €13,446 (-71.2%), from €18,893 to €5,447
- Financial income +€10,715
up €10,715 (+152.0%), from €7,049 to €17,763
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.
Cash bridge derived
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 | €2,807,912 | €2,804,954 | -€2,959 | -0.1% |
| Fixed assets | 21/28 | €2,084,195 | €1,933,119 | -€151,076 | -7.2% |
| Tangible fixed assets | 22/27 | €2,084,195 | €1,933,119 | -€151,076 | -7.2% |
| Land and buildings | 22 | €1,952,558 | €1,826,434 | -€126,124 | -6.5% |
| Furniture and vehicles | 24 | €131,637 | €106,685 | -€24,952 | -19.0% |
| Current assets | 29/58 | €723,717 | €871,835 | +€148,118 | +20.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,065 | €247,704 | +€114,639 | +86.2% |
| Trade receivables | 40 | €37,941 | €43,302 | +€5,362 | +14.1% |
| Other amounts receivable | 41 | €95,124 | €204,401 | +€109,277 | +114.9% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €186,301 | €469,067 | +€282,767 | +151.8% |
| Deferred charges and accrued income | 490/1 | €4,351 | €5,064 | +€713 | +16.4% |
| Total equity and liabilities | 10/49 | €2,807,912 | €2,804,954 | -€2,959 | -0.1% |
| Equity | 10/15 | €1,964,891 | €1,668,545 | -€296,345 | -15.1% |
| Contributions | 10/11 | €309,954 | €309,954 | = | 0.0% |
| Reserves | 13 | €1,654,937 | €1,358,592 | -€296,345 | -17.9% |
| Tax-exempt reserves | 132 | €248,409 | €239,937 | -€8,472 | -3.4% |
| Distributable reserves | 133 | €1,406,528 | €1,118,655 | -€287,873 | -20.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €63,663 | €61,491 | -€2,171 | -3.4% |
| Deferred taxes | 168 | €63,663 | €61,491 | -€2,171 | -3.4% |
| Amounts payable | 17/49 | €779,359 | €1,074,917 | +€295,558 | +37.9% |
| Amounts payable after more than one year | 17 | €522,256 | €437,064 | -€85,192 | -16.3% |
| Financial debts | 170/4 | €522,256 | €437,064 | -€85,192 | -16.3% |
| Amounts payable within one year | 42/48 | €257,064 | €637,853 | +€380,789 | +148.1% |
| Current portion of amounts payable after more than one year | 42 | €84,285 | €85,192 | +€906 | +1.1% |
| Trade debts | 44 | €13,798 | €29,025 | +€15,227 | +110.4% |
| Suppliers | 440/4 | €13,798 | €29,025 | +€15,227 | +110.4% |
| Taxes, remuneration and social security | 45 | €158,981 | €113,165 | -€45,816 | -28.8% |
| Taxes | 450/3 | €158,322 | €113,165 | -€45,157 | -28.5% |
| Remuneration and social security | 454/9 | €659 | €0 | -€659 | -100.0% |
| Other amounts payable | 47/48 | - | €410,472 | +€410,472 | |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,178 | €167,215 | +€1,037 | +0.6% |
| Other operating charges | 640/8 | €18,893 | €5,447 | -€13,446 | -71.2% |
| Gross operating margin | 9900 | €445,167 | €423,898 | -€21,268 | -4.8% |
| Operating profit (loss) | 9901 | €260,096 | €251,236 | -€8,860 | -3.4% |
| Financial income | 75/76B | €7,049 | €17,763 | +€10,715 | +152.0% |
| Recurring financial income | 75 | €7,049 | €17,763 | +€10,715 | +152.0% |
| Financial charges | 65/66B | €8,122 | €6,744 | -€1,378 | -17.0% |
| Recurring financial charges | 65 | €8,122 | €6,744 | -€1,378 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €259,022 | €262,255 | +€3,233 | +1.2% |
| Transfer from deferred taxes | 780 | €2,171 | €2,171 | = | 0.0% |
| Income taxes | 67/77 | €126,855 | €128,697 | +€1,841 | +1.5% |
| Profit (loss) for the period | 9904 | €134,338 | €135,730 | +€1,391 | +1.0% |
| Transfer from tax-exempt reserves | 789 | €8,472 | €8,472 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,811 | €144,202 | +€1,391 | +1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.