LUMERON: 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.
LUMERON
Largest movements
- Receivables within one year +€106,993
up €106,993 (+58.8%), from €181,896 to €288,888
of which Trade receivables: +€94,994
- Intangible fixed assets -€50,000
down €50,000 (-19.1%), from €262,360 to €212,360
- Cash -€32,127
down €32,127 (-15.9%), from €202,136 to €170,008
mainly Receivables within one year (-€106,993) and Debts after one year (-€68,750)
- Reserves +€75,212
up €75,212 (+135.4%), from €55,567 to €130,779
of which Distributable reserves: +€71,451
- Debts after one year -€68,750
down €68,750 (-100.0%), from €68,750 to €0
- Trade debts +€18,424
up €18,424 (+11.7%), from €157,006 to €175,431
- Accrued charges and deferred income +€17,850
up €17,850 (+971.0%), from €1,838 to €19,688
- Current portion of long-term debt -€14,232
down €14,232 (-100.0%), from €14,232 to €0
- Staff costs -€52,519
down €52,519 (-14.8%), from €355,906 to €303,387
- Taxes +€13,247
up €13,247 (+94.4%), from €14,035 to €27,282
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 | €663,393 | €689,438 | +€26,045 | +3.9% |
| Fixed assets | 21/28 | €265,326 | €215,445 | -€49,882 | -18.8% |
| Intangible fixed assets | 21 | €262,360 | €212,360 | -€50,000 | -19.1% |
| Tangible fixed assets | 22/27 | €2,906 | €2,794 | -€112 | -3.8% |
| Furniture and vehicles | 24 | €2,906 | €2,794 | -€112 | -3.8% |
| Financial fixed assets | 28 | €60 | €290 | +€230 | +383.3% |
| Current assets | 29/58 | €398,067 | €473,993 | +€75,926 | +19.1% |
| Amounts receivable within one year | 40/41 | €181,896 | €288,888 | +€106,993 | +58.8% |
| Trade receivables | 40 | €175,931 | €270,925 | +€94,994 | +54.0% |
| Other amounts receivable | 41 | €5,965 | €17,963 | +€11,998 | +201.2% |
| Cash at bank and in hand | 54/58 | €202,136 | €170,008 | -€32,127 | -15.9% |
| Deferred charges and accrued income | 490/1 | €14,036 | €15,097 | +€1,061 | +7.6% |
| Total equity and liabilities | 10/49 | €663,393 | €689,438 | +€26,045 | +3.9% |
| Equity | 10/15 | €355,567 | €430,779 | +€75,212 | +21.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €55,567 | €130,779 | +€75,212 | +135.4% |
| Non-distributable reserves | 130/1 | €2,778 | €6,539 | +€3,761 | +135.4% |
| Legal reserve | 130 | €2,778 | €6,539 | +€3,761 | +135.4% |
| Distributable reserves | 133 | €52,789 | €124,240 | +€71,451 | +135.4% |
| Amounts payable | 17/49 | €307,826 | €258,659 | -€49,167 | -16.0% |
| Amounts payable after more than one year | 17 | €68,750 | €0 | -€68,750 | -100.0% |
| Financial debts | 170/4 | €68,750 | €0 | -€68,750 | -100.0% |
| Amounts payable within one year | 42/48 | €237,238 | €238,971 | +€1,733 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €14,232 | €0 | -€14,232 | -100.0% |
| Trade debts | 44 | €157,006 | €175,431 | +€18,424 | +11.7% |
| Suppliers | 440/4 | €157,006 | €175,431 | +€18,424 | +11.7% |
| Taxes, remuneration and social security | 45 | €65,999 | €63,540 | -€2,459 | -3.7% |
| Taxes | 450/3 | €13,539 | €15,545 | +€2,005 | +14.8% |
| Remuneration and social security | 454/9 | €52,460 | €47,996 | -€4,464 | -8.5% |
| Accrued charges and deferred income | 492/3 | €1,838 | €19,688 | +€17,850 | +971.0% |
| Remuneration, social security and pensions | 62 | €355,906 | €303,387 | -€52,519 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,526 | €51,280 | -€246 | -0.5% |
| Other operating charges | 640/8 | €990 | €1,009 | +€19 | +1.9% |
| Gross operating margin | 9900 | €462,326 | €462,377 | +€51 | 0.0% |
| Operating profit (loss) | 9901 | €53,904 | €106,702 | +€52,798 | +97.9% |
| Financial income | 75/76B | €174 | €0 | -€174 | -99.9% |
| Recurring financial income | 75 | €174 | €0 | -€174 | -99.9% |
| Financial charges | 65/66B | €7,508 | €4,209 | -€3,300 | -43.9% |
| Recurring financial charges | 65 | €7,508 | €4,209 | -€3,300 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €46,570 | €102,494 | +€55,924 | +120.1% |
| Income taxes | 67/77 | €14,035 | €27,282 | +€13,247 | +94.4% |
| Profit (loss) for the period | 9904 | €32,535 | €75,212 | +€42,677 | +131.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,535 | €75,212 | +€42,677 | +131.2% |
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.