LUMETAL: 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.
LUMETAL
Largest movements
- Receivables within one year -€223,806
down €223,806 (-38.2%), from €585,970 to €362,164
of which Trade receivables: -€261,066
- Cash +€170,783
up €170,783 (+440%), from €38,808 to €209,592
mainly Receivables within one year (+€223,806) and Depreciation (+€183,951)
- Current investments +€129,939
up €129,939 (+219%), from €59,263 to €189,202
- Stocks and contracts -€47,419
down €47,419 (-21.1%), from €225,238 to €177,820
- Tangible fixed assets -€25,722
down €25,722 (-5.4%), from €475,242 to €449,520
of which Plant, machinery and equipment: -€84,315
- Trade debts +€73,575
up €73,575 (+186%), from €39,478 to €113,052
- Reserves -€44,000
down €44,000 (-4.0%), from €1.1m to €1.1m
of which Distributable reserves: -€44,000
- Profit (loss) carried forward -€28,073
down €28,073 (-99.4%), from €28,245 to €172
- Gross operating margin -€74,726
down €74,726 (-16.9%), from €440,883 to €366,156
- Taxes -€35,323
down €35,323 (-73.5%), from €48,065 to €12,742
- Staff costs +€35,052
up €35,052 (+35.2%), from €99,607 to €134,660
- Depreciation +€26,081
up €26,081 (+16.5%), from €157,870 to €183,951
- Financial income +€7,601
up €7,601 (+84.6%), from €8,981 to €16,582
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 | €1,395,621 | €1,401,290 | +€5,669 | +0.4% |
| Fixed assets | 21/28 | €478,895 | €452,375 | -€26,519 | -5.5% |
| Intangible fixed assets | 21 | €3,380 | €2,583 | -€797 | -23.6% |
| Tangible fixed assets | 22/27 | €475,242 | €449,520 | -€25,722 | -5.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €396,592 | €312,277 | -€84,315 | -21.3% |
| Furniture and vehicles | 24 | €61,111 | €121,423 | +€60,312 | +98.7% |
| Other tangible fixed assets | 26 | €17,540 | €15,820 | -€1,720 | -9.8% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €916,727 | €948,915 | +€32,188 | +3.5% |
| Stocks and contracts in progress | 3 | €225,238 | €177,820 | -€47,419 | -21.1% |
| Stocks | 30/36 | €225,238 | €177,820 | -€47,419 | -21.1% |
| Amounts receivable within one year | 40/41 | €585,970 | €362,164 | -€223,806 | -38.2% |
| Trade receivables | 40 | €583,953 | €322,887 | -€261,066 | -44.7% |
| Other amounts receivable | 41 | €2,016 | €39,276 | +€37,260 | +1,848% |
| Current investments | 50/53 | €59,263 | €189,202 | +€129,939 | +219% |
| Cash at bank and in hand | 54/58 | €38,808 | €209,592 | +€170,783 | +440% |
| Deferred charges and accrued income | 490/1 | €7,447 | €10,138 | +€2,690 | +36.1% |
| Total equity and liabilities | 10/49 | €1,395,621 | €1,401,290 | +€5,669 | +0.4% |
| Equity | 10/15 | €1,301,736 | €1,236,600 | -€65,136 | -5.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,098,000 | €1,054,000 | -€44,000 | -4.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,081,000 | €1,037,000 | -€44,000 | -4.1% |
| Profit (loss) carried forward | 14 | €28,245 | €172 | -€28,073 | -99.4% |
| Investment grants | 15 | €5,491 | €12,429 | +€6,937 | +126% |
| Amounts payable | 17/49 | €93,885 | €164,690 | +€70,805 | +75.4% |
| Amounts payable within one year | 42/48 | €93,797 | €164,601 | +€70,803 | +75.5% |
| Trade debts | 44 | €39,478 | €113,052 | +€73,575 | +186% |
| Suppliers | 440/4 | €39,478 | €113,052 | +€73,575 | +186% |
| Taxes, remuneration and social security | 45 | €28,985 | €27,933 | -€1,051 | -3.6% |
| Taxes | 450/3 | €17,168 | €15,172 | -€1,996 | -11.6% |
| Remuneration and social security | 454/9 | €11,817 | €12,761 | +€945 | +8.0% |
| Other amounts payable | 47/48 | €25,335 | €23,615 | -€1,720 | -6.8% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Remuneration, social security and pensions | 62 | €99,607 | €134,660 | +€35,052 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,870 | €183,951 | +€26,081 | +16.5% |
| Other operating charges | 640/8 | €12,164 | €12,325 | +€161 | +1.3% |
| Gross operating margin | 9900 | €440,883 | €366,156 | -€74,726 | -16.9% |
| Operating profit (loss) | 9901 | €171,241 | €35,221 | -€136,020 | -79.4% |
| Financial income | 75/76B | €8,981 | €16,582 | +€7,601 | +84.6% |
| Recurring financial income | 75 | €8,981 | €16,582 | +€7,601 | +84.6% |
| Financial charges | 65/66B | €2,108 | €2,134 | +€27 | +1.3% |
| Recurring financial charges | 65 | €2,108 | €2,134 | +€27 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €178,114 | €49,668 | -€128,446 | -72.1% |
| Income taxes | 67/77 | €48,065 | €12,742 | -€35,323 | -73.5% |
| Profit (loss) for the period | 9904 | €130,049 | €36,927 | -€93,122 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,049 | €36,927 | -€93,122 | -71.6% |
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 27 October 2026 via checked.be.