Lumas Holding: what changed
Lumas Holding
Largest movements
- Receivables within one year +€450,443
up €450,443 (+65.4%), from €688,830 to €1.1m
of which Other amounts receivable: +€291,156
- Financial fixed assets -€198,000
down €198,000 (-33.0%), from €600,000 to €402,000
- Tangible fixed assets +€44,816
up €44,816 (+744%), from €6,027 to €50,843
of which Plant, machinery and equipment: +€48,852
- Cash -€24,199
down €24,199 (-91.3%), from €26,493 to €2,294
mainly Receivables within one year (-€450,443) and Deferred charges and accrued income (-€4,168)
- Debts after one year +€255,000
new in 2025: €255,000
- Reserves +€16,182
up €16,182 (+5.0%), from €321,149 to €337,332
- Financial income -€249,233
down €249,233 (-97.0%), from €256,872 to €7,639
- Gross operating margin +€15,421
up €15,421 (+101%), from €15,219 to €30,640
- Depreciation +€9,757
up €9,757 (+156%), from €6,249 to €16,006
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,350 | €1,598,578 | +€277,227 | +21.0% |
| Fixed assets | 21/28 | €606,027 | €452,843 | -€153,184 | -25.3% |
| Tangible fixed assets | 22/27 | €6,027 | €50,843 | +€44,816 | +744% |
| Plant, machinery and equipment | 23 | - | €48,852 | +€48,852 | |
| Furniture and vehicles | 24 | €6,027 | €1,991 | -€4,036 | -67.0% |
| Financial fixed assets | 28 | €600,000 | €402,000 | -€198,000 | -33.0% |
| Current assets | 29/58 | €715,323 | €1,145,735 | +€430,412 | +60.2% |
| Amounts receivable within one year | 40/41 | €688,830 | €1,139,273 | +€450,443 | +65.4% |
| Trade receivables | 40 | €238,868 | €398,155 | +€159,287 | +66.7% |
| Other amounts receivable | 41 | €449,962 | €741,118 | +€291,156 | +64.7% |
| Cash at bank and in hand | 54/58 | €26,493 | €2,294 | -€24,199 | -91.3% |
| Deferred charges and accrued income | 490/1 | - | €4,168 | +€4,168 | |
| Total equity and liabilities | 10/49 | €1,321,350 | €1,598,578 | +€277,227 | +21.0% |
| Equity | 10/15 | €1,302,040 | €1,318,222 | +€16,182 | +1.2% |
| Contributions | 10/11 | €980,890 | €980,890 | = | 0.0% |
| Reserves | 13 | €321,149 | €337,332 | +€16,182 | +5.0% |
| Distributable reserves | 133 | €321,149 | €337,332 | +€16,182 | +5.0% |
| Amounts payable | 17/49 | €19,311 | €280,356 | +€261,045 | +1,352% |
| Amounts payable after more than one year | 17 | - | €255,000 | +€255,000 | |
| Financial debts | 170/4 | - | €255,000 | +€255,000 | |
| Amounts payable within one year | 42/48 | €17,858 | €23,154 | +€5,295 | +29.7% |
| Trade debts | 44 | €8,864 | €5,290 | -€3,574 | -40.3% |
| Suppliers | 440/4 | €8,864 | €5,290 | -€3,574 | -40.3% |
| Taxes, remuneration and social security | 45 | €5,458 | €10,053 | +€4,594 | +84.2% |
| Taxes | 450/3 | €5,458 | €10,053 | +€4,594 | +84.2% |
| Other amounts payable | 47/48 | €3,536 | €7,811 | +€4,275 | +121% |
| Accrued charges and deferred income | 492/3 | €1,452 | €2,202 | +€750 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €16,006 | +€9,757 | +156% |
| Other operating charges | 640/8 | €1,944 | €1,936 | -€7 | -0.4% |
| Gross operating margin | 9900 | €15,219 | €30,640 | +€15,421 | +101% |
| Operating profit (loss) | 9901 | €7,027 | €12,698 | +€5,671 | +80.7% |
| Financial income | 75/76B | €256,872 | €7,639 | -€249,233 | -97.0% |
| Recurring financial income | 75 | €256,872 | €7,639 | -€249,233 | -97.0% |
| Financial charges | 65/66B | €719 | €671 | -€48 | -6.6% |
| Recurring financial charges | 65 | €719 | €671 | -€48 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €263,180 | €19,666 | -€243,514 | -92.5% |
| Income taxes | 67/77 | €3,552 | €3,484 | -€69 | -1.9% |
| Profit (loss) for the period | 9904 | €259,628 | €16,182 | -€243,446 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €259,628 | €16,182 | -€243,446 | -93.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.