LUMARIN: 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.
LUMARIN
Largest movements
- Cash +€23,164
up €23,164 (+40.7%), from €56,961 to €80,126
mainly Depreciation (+€21,065) and Net result for the year (+€8,028)
- Tangible fixed assets -€15,813
down €15,813 (-18.2%), from €86,817 to €71,005
- Receivables within one year -€6,999
down €6,999 (-16.2%), from €43,185 to €36,186
of which Other amounts receivable: -€6,580
- Receivables after one year -€2,984
down €2,984 (-16.3%), from €18,357 to €15,373
- Reserves -€13,473
down €13,473 (-17.1%), from €78,708 to €65,235
of which Distributable reserves: -€13,473
- Other debts +€7,126
up €7,126 (+10.8%), from €65,789 to €72,916
- Tax, wage and social debts +€3,818
up €3,818 (+2424.2%), from €158 to €3,976
- Gross operating margin -€6,211
down €6,211 (-15.2%), from €40,745 to €34,534
- Depreciation +€5,943
up €5,943 (+39.3%), from €15,122 to €21,065
- Taxes -€3,504
down €3,504 (-42.8%), from €8,181 to €4,677
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 | €206,705 | €204,385 | -€2,319 | -1.1% |
| Fixed assets | 21/28 | €86,817 | €71,005 | -€15,813 | -18.2% |
| Tangible fixed assets | 22/27 | €86,817 | €71,005 | -€15,813 | -18.2% |
| Furniture and vehicles | 24 | €86,817 | €71,005 | -€15,813 | -18.2% |
| Current assets | 29/58 | €119,887 | €133,381 | +€13,493 | +11.3% |
| Amounts receivable after more than one year | 29 | €18,357 | €15,373 | -€2,984 | -16.3% |
| Other amounts receivable | 291 | €18,357 | €15,373 | -€2,984 | -16.3% |
| Amounts receivable within one year | 40/41 | €43,185 | €36,186 | -€6,999 | -16.2% |
| Trade receivables | 40 | €13,415 | €12,996 | -€419 | -3.1% |
| Other amounts receivable | 41 | €29,770 | €23,190 | -€6,580 | -22.1% |
| Cash at bank and in hand | 54/58 | €56,961 | €80,126 | +€23,164 | +40.7% |
| Deferred charges and accrued income | 490/1 | €1,384 | €1,696 | +€312 | +22.5% |
| Total equity and liabilities | 10/49 | €206,705 | €204,385 | -€2,319 | -1.1% |
| Equity | 10/15 | €140,708 | €127,235 | -€13,473 | -9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,708 | €65,235 | -€13,473 | -17.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €72,508 | €59,035 | -€13,473 | -18.6% |
| Amounts payable | 17/49 | €65,997 | €77,151 | +€11,154 | +16.9% |
| Amounts payable within one year | 42/48 | €65,997 | €77,151 | +€11,154 | +16.9% |
| Trade debts | 44 | €50 | €260 | +€209 | +418.0% |
| Suppliers | 440/4 | €50 | €260 | +€209 | +418.0% |
| Taxes, remuneration and social security | 45 | €158 | €3,976 | +€3,818 | +2424.2% |
| Taxes | 450/3 | €158 | €3,976 | +€3,818 | +2424.2% |
| Other amounts payable | 47/48 | €65,789 | €72,916 | +€7,126 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,122 | €21,065 | +€5,943 | +39.3% |
| Other operating charges | 640/8 | €1,089 | €1,202 | +€113 | +10.4% |
| Gross operating margin | 9900 | €40,745 | €34,534 | -€6,211 | -15.2% |
| Operating profit (loss) | 9901 | €24,535 | €12,267 | -€12,267 | -50.0% |
| Financial income | 75/76B | €411 | €479 | +€67 | +16.4% |
| Recurring financial income | 75 | €411 | €479 | +€67 | +16.4% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €24,907 | €12,704 | -€12,202 | -49.0% |
| Income taxes | 67/77 | €8,181 | €4,677 | -€3,504 | -42.8% |
| Profit (loss) for the period | 9904 | €16,726 | €8,028 | -€8,698 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,726 | €8,028 | -€8,698 | -52.0% |
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 4 October 2026 via checked.be.