LUMET: 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.
LUMET
Largest movements
- Receivables within one year +€152,844
up €152,844 (+4.6%), from €3.3m to €3.5m
of which Trade receivables: +€805,144
- Cash -€122,694
down €122,694 (-26.7%), from €458,738 to €336,043
mainly Investment in fixed assets (net) (-€902,712) and Accrued charges and deferred income (-€451,147)
- Tangible fixed assets +€84,924
up €84,924 (+2.2%), from €3.8m to €3.9m
of which Plant, machinery and equipment: +€314,316
- Short-term financial debts +€511,170
up €511,170 (+138.5%), from €369,117 to €880,288
- Accrued charges and deferred income -€451,147
down €451,147 (-98.8%), from €456,495 to €5,348
- Debts after one year -€306,231
down €306,231 (-11.7%), from €2.6m to €2.3m
- Trade debts +€185,505
up €185,505 (+13.2%), from €1.4m to €1.6m
- Reserves +€126,000
up €126,000 (+6.5%), from €1.9m to €2.1m
of which Distributable reserves: +€126,000
- Depreciation +€174,252
up €174,252 (+27.1%), from €643,537 to €817,788
- Gross operating margin +€168,497
up €168,497 (+7.4%), from €2.3m to €2.5m
- Staff costs +€63,697
up €63,697 (+4.8%), from €1.3m to €1.4m
- Taxes -€28,684
down €28,684 (-96.5%), from €29,716 to €1,031
- Financial income -€28,538
down €28,538 (-38.8%), from €73,591 to €45,053
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 | €7,816,533 | €7,869,346 | +€52,813 | +0.7% |
| Fixed assets | 21/28 | €3,847,683 | €3,932,607 | +€84,924 | +2.2% |
| Tangible fixed assets | 22/27 | €3,846,743 | €3,931,667 | +€84,924 | +2.2% |
| Land and buildings | 22 | €733,299 | €704,507 | -€28,791 | -3.9% |
| Plant, machinery and equipment | 23 | €526,753 | €841,069 | +€314,316 | +59.7% |
| Furniture and vehicles | 24 | €70,477 | €49,369 | -€21,107 | -29.9% |
| Leasing and similar rights | 25 | €2,294,718 | €2,067,474 | -€227,244 | -9.9% |
| Other tangible fixed assets | 26 | €221,496 | €269,247 | +€47,751 | +21.6% |
| Financial fixed assets | 28 | €940 | €940 | = | 0.0% |
| Current assets | 29/58 | €3,968,850 | €3,936,739 | -€32,111 | -0.8% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €3,298,616 | €3,451,461 | +€152,844 | +4.6% |
| Trade receivables | 40 | €974,085 | €1,779,228 | +€805,144 | +82.7% |
| Other amounts receivable | 41 | €2,324,532 | €1,672,232 | -€652,299 | -28.1% |
| Cash at bank and in hand | 54/58 | €458,738 | €336,043 | -€122,694 | -26.7% |
| Deferred charges and accrued income | 490/1 | €136,496 | €149,236 | +€12,739 | +9.3% |
| Total equity and liabilities | 10/49 | €7,816,533 | €7,869,346 | +€52,813 | +0.7% |
| Equity | 10/15 | €2,262,483 | €2,388,418 | +€125,935 | +5.6% |
| Contributions | 10/11 | €315,584 | €315,584 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Outside capital | 11 | €5,584 | €5,584 | = | 0.0% |
| Share premium | 1100/10 | €5,584 | €5,584 | = | 0.0% |
| Reserves | 13 | €1,946,800 | €2,072,800 | +€126,000 | +6.5% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €1,915,800 | €2,041,800 | +€126,000 | +6.6% |
| Profit (loss) carried forward | 14 | €99 | €34 | -€65 | -65.6% |
| Amounts payable | 17/49 | €5,554,050 | €5,480,928 | -€73,122 | -1.3% |
| Amounts payable after more than one year | 17 | €2,608,551 | €2,302,320 | -€306,231 | -11.7% |
| Financial debts | 170/4 | €2,608,551 | €2,302,320 | -€306,231 | -11.7% |
| Amounts payable within one year | 42/48 | €2,489,004 | €3,173,260 | +€684,256 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €537,836 | €553,785 | +€15,949 | +3.0% |
| Financial debts | 43 | €369,117 | €880,288 | +€511,170 | +138.5% |
| Credit institutions | 430/8 | €369,117 | €880,288 | +€511,170 | +138.5% |
| Trade debts | 44 | €1,402,822 | €1,588,327 | +€185,505 | +13.2% |
| Suppliers | 440/4 | €1,402,822 | €1,588,327 | +€185,505 | +13.2% |
| Taxes, remuneration and social security | 45 | €171,607 | €142,737 | -€28,870 | -16.8% |
| Taxes | 450/3 | €37,342 | €3,968 | -€33,374 | -89.4% |
| Remuneration and social security | 454/9 | €134,265 | €138,769 | +€4,504 | +3.4% |
| Other amounts payable | 47/48 | €7,620 | €8,123 | +€503 | +6.6% |
| Accrued charges and deferred income | 492/3 | €456,495 | €5,348 | -€451,147 | -98.8% |
| Non-recurring operating income | 76A | €873 | - | -€873 | |
| Remuneration, social security and pensions | 62 | €1,337,640 | €1,401,337 | +€63,697 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643,537 | €817,788 | +€174,252 | +27.1% |
| Other operating charges | 640/8 | €47,229 | €39,859 | -€7,370 | -15.6% |
| Gross operating margin | 9900 | €2,290,291 | €2,458,788 | +€168,497 | +7.4% |
| Operating profit (loss) | 9901 | €261,885 | €199,804 | -€62,081 | -23.7% |
| Financial income | 75/76B | €73,591 | €45,053 | -€28,538 | -38.8% |
| Recurring financial income | 75 | €73,591 | €45,053 | -€28,538 | -38.8% |
| Financial charges | 65/66B | €95,679 | €117,890 | +€22,212 | +23.2% |
| Recurring financial charges | 65 | €95,679 | €117,890 | +€22,212 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €239,797 | €126,966 | -€112,831 | -47.1% |
| Income taxes | 67/77 | €29,716 | €1,031 | -€28,684 | -96.5% |
| Profit (loss) for the period | 9904 | €210,082 | €125,935 | -€84,146 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €210,082 | €125,935 | -€84,146 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.