LUMARVEL: 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.
LUMARVEL
Largest movements
- Cash +€33,821
up €33,821 (+16.5%), from €204,471 to €238,292
mainly Net result for the year (+€49,980) and Other debts (+€15,502)
- Stocks and contracts +€10,261
up €10,261 (+23.5%), from €43,727 to €53,988
- Receivables within one year +€4,932
up €4,932 (+106.5%), from €4,630 to €9,561
of which Trade receivables: +€6,332
- Profit (loss) carried forward +€49,980
up €49,980 (+28.3%), from €176,860 to €226,840
- Advances received -€16,750
no longer reported in 2025 (was €16,750)
- Other debts +€15,502
up €15,502 (+26.1%), from €59,504 to €75,006
- Gross operating margin +€10,844
up €10,844 (+16.6%), from €65,316 to €76,160
- Taxes +€3,470
up €3,470 (+24.2%), from €14,338 to €17,808
- Financial income +€862
up €862 (+186.2%), from €463 to €1,325
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 | €285,150 | €333,785 | +€48,635 | +17.1% |
| Fixed assets | 21/28 | €31,080 | €28,430 | -€2,649 | -8.5% |
| Tangible fixed assets | 22/27 | €31,080 | €28,430 | -€2,649 | -8.5% |
| Land and buildings | 22 | €28,839 | €26,852 | -€1,987 | -6.9% |
| Plant, machinery and equipment | 23 | €2,241 | €1,578 | -€662 | -29.6% |
| Current assets | 29/58 | €254,070 | €305,355 | +€51,284 | +20.2% |
| Stocks and contracts in progress | 3 | €43,727 | €53,988 | +€10,261 | +23.5% |
| Stocks | 30/36 | €43,727 | €53,988 | +€10,261 | +23.5% |
| Amounts receivable within one year | 40/41 | €4,630 | €9,561 | +€4,932 | +106.5% |
| Trade receivables | 40 | €777 | €7,109 | +€6,332 | +814.8% |
| Other amounts receivable | 41 | €3,853 | €2,452 | -€1,400 | -36.3% |
| Cash at bank and in hand | 54/58 | €204,471 | €238,292 | +€33,821 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,243 | €3,513 | +€2,270 | +182.6% |
| Total equity and liabilities | 10/49 | €285,150 | €333,785 | +€48,635 | +17.1% |
| Equity | 10/15 | €197,311 | €247,292 | +€49,980 | +25.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,860 | €226,840 | +€49,980 | +28.3% |
| Amounts payable | 17/49 | €87,839 | €86,493 | -€1,346 | -1.5% |
| Amounts payable within one year | 42/48 | €87,839 | €85,857 | -€1,981 | -2.3% |
| Trade debts | 44 | €7,391 | €5,326 | -€2,064 | -27.9% |
| Suppliers | 440/4 | €7,391 | €5,326 | -€2,064 | -27.9% |
| Advances received on contracts in progress | 46 | €16,750 | - | -€16,750 | |
| Taxes, remuneration and social security | 45 | €4,194 | €5,525 | +€1,331 | +31.7% |
| Taxes | 450/3 | €4,194 | €5,525 | +€1,331 | +31.7% |
| Other amounts payable | 47/48 | €59,504 | €75,006 | +€15,502 | +26.1% |
| Accrued charges and deferred income | 492/3 | - | €636 | +€636 | |
| Remuneration, social security and pensions | 62 | - | €225 | +€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €3,458 | -€22 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €451 | +€451 | |
| Other operating charges | 640/8 | €4,463 | €5,063 | +€600 | +13.4% |
| Non-recurring operating charges | 66A | €446 | €453 | +€7 | +1.6% |
| Gross operating margin | 9900 | €65,316 | €76,160 | +€10,844 | +16.6% |
| Operating profit (loss) | 9901 | €56,927 | €66,511 | +€9,583 | +16.8% |
| Financial income | 75/76B | €463 | €1,325 | +€862 | +186.2% |
| Recurring financial income | 75 | €463 | €1,325 | +€862 | +186.2% |
| Financial charges | 65/66B | €78 | €48 | -€30 | -38.4% |
| Recurring financial charges | 65 | €78 | €48 | -€30 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €57,312 | €67,788 | +€10,476 | +18.3% |
| Income taxes | 67/77 | €14,338 | €17,808 | +€3,470 | +24.2% |
| Profit (loss) for the period | 9904 | €42,975 | €49,980 | +€7,006 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,975 | €49,980 | +€7,006 | +16.3% |
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 7 October 2026 via checked.be.