LUMIBO: 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.
LUMIBO
Largest movements
- Stocks and contracts -€114,560
down €114,560 (-17.8%), from €644,317 to €529,758
of which Stocks: -€128,110
- Cash +€56,167
up €56,167 (+700.4%), from €8,019 to €64,186
mainly Advances received (+€147,656) and Stocks and contracts (+€114,560)
- Tangible fixed assets +€47,907
new in 2025: €47,907
of which Leasing and similar rights: +€41,049
- Receivables within one year -€8,675
down €8,675 (-10.7%), from €80,955 to €72,279
of which Trade receivables: -€8,568
- Short-term financial debts -€197,323
down €197,323 (-34.7%), from €568,207 to €370,884
- Advances received +€147,656
new in 2025: €147,656
- Trade debts -€64,352
down €64,352 (-65.1%), from €98,880 to €34,528
- Reserves +€38,565
up €38,565 (+140.6%), from €27,438 to €66,004
- Debts after one year +€25,151
new in 2025: €25,151
- Gross operating margin +€36,481
up €36,481 (+65.3%), from €55,898 to €92,379
- Financial charges +€12,052
up €12,052 (+87.8%), from €13,730 to €25,783
- Depreciation +€6,902
up €6,902 (+345.0%), from €2,001 to €8,903
- Taxes +€4,210
up €4,210 (+43.8%), from €9,601 to €13,811
- Other operating charges +€2,190
up €2,190 (+209.0%), from €1,048 to €3,237
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 | €742,047 | €723,616 | -€18,431 | -2.5% |
| Fixed assets | 21/28 | €8,269 | €54,388 | +€46,119 | +557.7% |
| Intangible fixed assets | 21 | €8,269 | €6,481 | -€1,788 | -21.6% |
| Tangible fixed assets | 22/27 | - | €47,907 | +€47,907 | |
| Plant, machinery and equipment | 23 | - | €6,859 | +€6,859 | |
| Leasing and similar rights | 25 | - | €41,049 | +€41,049 | |
| Current assets | 29/58 | €733,778 | €669,228 | -€64,549 | -8.8% |
| Stocks and contracts in progress | 3 | €644,317 | €529,758 | -€114,560 | -17.8% |
| Stocks | 30/36 | €642,467 | €514,358 | -€128,110 | -19.9% |
| Contracts in progress | 37 | €1,850 | €15,400 | +€13,550 | +732.4% |
| Amounts receivable within one year | 40/41 | €80,955 | €72,279 | -€8,675 | -10.7% |
| Trade receivables | 40 | €80,847 | €72,279 | -€8,568 | -10.6% |
| Other amounts receivable | 41 | €107 | - | -€107 | |
| Cash at bank and in hand | 54/58 | €8,019 | €64,186 | +€56,167 | +700.4% |
| Deferred charges and accrued income | 490/1 | €487 | €3,006 | +€2,519 | +517.2% |
| Total equity and liabilities | 10/49 | €742,047 | €723,616 | -€18,431 | -2.5% |
| Equity | 10/15 | €37,438 | €76,004 | +€38,565 | +103.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,438 | €66,004 | +€38,565 | +140.6% |
| Distributable reserves | 133 | €27,438 | €66,004 | +€38,565 | +140.6% |
| Amounts payable | 17/49 | €704,609 | €647,613 | -€56,996 | -8.1% |
| Amounts payable after more than one year | 17 | - | €25,151 | +€25,151 | |
| Financial debts | 170/4 | - | €25,151 | +€25,151 | |
| Amounts payable within one year | 42/48 | €704,609 | €619,143 | -€85,466 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,545 | +€7,545 | |
| Financial debts | 43 | €568,207 | €370,884 | -€197,323 | -34.7% |
| Credit institutions | 430/8 | €568,207 | €370,884 | -€197,323 | -34.7% |
| Trade debts | 44 | €98,880 | €34,528 | -€64,352 | -65.1% |
| Suppliers | 440/4 | €98,880 | €34,528 | -€64,352 | -65.1% |
| Advances received on contracts in progress | 46 | - | €147,656 | +€147,656 | |
| Taxes, remuneration and social security | 45 | €9,601 | €29,874 | +€20,273 | +211.2% |
| Taxes | 450/3 | €9,601 | €27,874 | +€18,273 | +190.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €27,921 | €28,656 | +€735 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €3,319 | +€3,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,001 | €8,903 | +€6,902 | +345.0% |
| Other operating charges | 640/8 | €1,048 | €3,237 | +€2,190 | +209.0% |
| Gross operating margin | 9900 | €55,898 | €92,379 | +€36,481 | +65.3% |
| Operating profit (loss) | 9901 | €52,850 | €80,239 | +€27,390 | +51.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,730 | €25,783 | +€12,052 | +87.8% |
| Recurring financial charges | 65 | €13,730 | €25,783 | +€12,052 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €39,119 | €54,456 | +€15,337 | +39.2% |
| Income taxes | 67/77 | €9,601 | €13,811 | +€4,210 | +43.8% |
| Profit (loss) for the period | 9904 | €29,518 | €40,645 | +€11,127 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,518 | €40,645 | +€11,127 | +37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.