LUMENS: 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.
LUMENS
Largest movements
- Cash -€96,482
down €96,482 (-73.7%), from €130,830 to €34,348
mainly Other debts (-€162,935) and Current investments (-€78,204)
- Current investments +€78,204
up €78,204 (+41.2%), from €189,829 to €268,033
- Tangible fixed assets -€43,134
down €43,134 (-5.7%), from €762,287 to €719,153
of which Land and buildings: -€24,900
- Other debts -€162,935
down €162,935 (-57.1%), from €285,588 to €122,653
- Reserves +€155,843
up €155,843 (+28.8%), from €540,357 to €696,200
- Debts after one year -€67,408
down €67,408 (-21.8%), from €308,665 to €241,258
- Gross operating margin -€92,655
down €92,655 (-16.2%), from €571,541 to €478,886
- Financial charges -€32,277
down €32,277 (-19.8%), from €162,768 to €130,491
- Financial income +€19,625
up €19,625 (+1,097%), from €1,789 to €21,414
- Taxes -€15,609
down €15,609 (-14.5%), from €107,960 to €92,351
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 | €1,235,407 | €1,177,449 | -€57,958 | -4.7% |
| Fixed assets | 21/28 | €763,673 | €719,732 | -€43,940 | -5.8% |
| Intangible fixed assets | 21 | €1,386 | €579 | -€807 | -58.2% |
| Tangible fixed assets | 22/27 | €762,287 | €719,153 | -€43,134 | -5.7% |
| Land and buildings | 22 | €552,952 | €528,052 | -€24,900 | -4.5% |
| Furniture and vehicles | 24 | €73,371 | €61,058 | -€12,313 | -16.8% |
| Other tangible fixed assets | 26 | €135,964 | €130,044 | -€5,921 | -4.4% |
| Current assets | 29/58 | €471,735 | €457,717 | -€14,018 | -3.0% |
| Amounts receivable within one year | 40/41 | €147,926 | €150,926 | +€3,000 | +2.0% |
| Trade receivables | 40 | €147,326 | €142,895 | -€4,431 | -3.0% |
| Other amounts receivable | 41 | €600 | €8,031 | +€7,431 | +1,239% |
| Current investments | 50/53 | €189,829 | €268,033 | +€78,204 | +41.2% |
| Cash at bank and in hand | 54/58 | €130,830 | €34,348 | -€96,482 | -73.7% |
| Deferred charges and accrued income | 490/1 | €3,150 | €4,410 | +€1,260 | +40.0% |
| Total equity and liabilities | 10/49 | €1,235,407 | €1,177,449 | -€57,958 | -4.7% |
| Equity | 10/15 | €552,757 | €708,600 | +€155,843 | +28.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €540,357 | €696,200 | +€155,843 | +28.8% |
| Distributable reserves | 133 | €540,357 | €696,200 | +€155,843 | +28.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €682,650 | €468,849 | -€213,801 | -31.3% |
| Amounts payable after more than one year | 17 | €308,665 | €241,258 | -€67,408 | -21.8% |
| Financial debts | 170/4 | €308,665 | €241,258 | -€67,408 | -21.8% |
| Amounts payable within one year | 42/48 | €373,985 | €220,075 | -€153,910 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €66,122 | €67,407 | +€1,284 | +1.9% |
| Trade debts | 44 | €2,667 | €10,074 | +€7,407 | +278% |
| Suppliers | 440/4 | €2,667 | €10,074 | +€7,407 | +278% |
| Taxes, remuneration and social security | 45 | €19,608 | €19,942 | +€334 | +1.7% |
| Taxes | 450/3 | €19,608 | €19,942 | +€334 | +1.7% |
| Other amounts payable | 47/48 | €285,588 | €122,653 | -€162,935 | -57.1% |
| Accrued charges and deferred income | 492/3 | - | €7,516 | +€7,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,022 | €50,200 | -€4,822 | -8.8% |
| Other operating charges | 640/8 | €5,216 | €5,103 | -€113 | -2.2% |
| Gross operating margin | 9900 | €571,541 | €478,886 | -€92,655 | -16.2% |
| Operating profit (loss) | 9901 | €511,303 | €423,583 | -€87,720 | -17.2% |
| Financial income | 75/76B | €1,789 | €21,414 | +€19,625 | +1,097% |
| Recurring financial income | 75 | €1,789 | €21,414 | +€19,625 | +1,097% |
| Financial charges | 65/66B | €162,768 | €130,491 | -€32,277 | -19.8% |
| Recurring financial charges | 65 | €162,768 | €130,491 | -€32,277 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €350,323 | €314,506 | -€35,817 | -10.2% |
| Income taxes | 67/77 | €107,960 | €92,351 | -€15,609 | -14.5% |
| Profit (loss) for the period | 9904 | €242,363 | €222,156 | -€20,208 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €242,363 | €222,156 | -€20,208 | -8.3% |
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.