LUMICO: 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.
What changed
LUMICO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,895
2024 · €337,116-€296,220
Equity
€5.3m
2024 · €5.2m+€40,895
Cash
€54,110
2024 · €29,130+€24,980
Balance sheet total
€7.2m
2024 · €5.9m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+64.0%), from €2.2m to €3.6m
of which Land and buildings: +€1.4m
- Current investments -€171,572
down €171,572 (-5.6%), from €3.1m to €2.9m
Equity and liabilities
- Debts after one year +€1.2m
new in 2025: €1.2m
- Current portion of long-term debt +€83,333
new in 2025: €83,333
Income statement
- Depreciation +€600,541
up €600,541 (+838%), from €71,682 to €672,223
- Financial charges -€297,026
down €297,026 (-87.9%), from €337,968 to €40,942
- Gross operating margin -€38,141
down €38,141 (-60.9%), from €62,672 to €24,531
- Taxes -€24,715
down €24,715 (-71.2%), from €34,713 to €9,999
- Financial income +€20,288
up €20,288 (+2.8%), from €730,093 to €750,381
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.
Result 2024
€337,116
Gross operating margin
-€38,141
Depreciation
-€600,541
Other operating charges
+€336
Financial income
+€20,288
Financial charges
+€297,026
Taxes
+€24,715
Deferred taxes and other
+€96
Result 2025
€40,895
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€697,413
Investment
-€1.9m
Financing
+€1.3m
Cash 2024
€29,130
From operations (derived)
+€697,413
Net result for the year
+€40,895
Depreciation
+€672,223
Receivables within one year
-€6,041
Deferred charges and accrued income
-€14,773
Smaller working-capital items
+€1,311
Trade debts
+€8,213
Tax, wage and social debts
-€24,839
Other debts
+€20,425
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€2.1m
Current investments
+€171,572
Financing
+€1.3m
Debts after one year
+€1.2m
Current portion of long-term debt
+€83,333
Cash 2025
€54,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,894,190 | €7,190,194 | +€1.3m | +22.0% |
| Fixed assets | 21/28 | €2,783,877 | €4,205,659 | +€1.4m | +51.1% |
| Tangible fixed assets | 22/27 | €2,222,877 | €3,644,659 | +€1.4m | +64.0% |
| Land and buildings | 22 | €2,210,027 | €3,635,693 | +€1.4m | +64.5% |
| Plant, machinery and equipment | 23 | - | €3,103 | +€3,103 | |
| Furniture and vehicles | 24 | €8,699 | €1,712 | -€6,986 | -80.3% |
| Other tangible fixed assets | 26 | €4,151 | €4,151 | = | 0.0% |
| Financial fixed assets | 28 | €561,000 | €561,000 | = | 0.0% |
| Current assets | 29/58 | €3,110,313 | €2,984,535 | -€125,778 | -4.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,085 | €13,126 | +€6,041 | +85.3% |
| Trade receivables | 40 | €3,630 | €3,449 | -€182 | -5.0% |
| Other amounts receivable | 41 | €3,455 | €9,677 | +€6,223 | +180% |
| Current investments | 50/53 | €3,070,287 | €2,898,714 | -€171,572 | -5.6% |
| Cash at bank and in hand | 54/58 | €29,130 | €54,110 | +€24,980 | +85.8% |
| Deferred charges and accrued income | 490/1 | €3,812 | €18,585 | +€14,773 | +388% |
| Total equity and liabilities | 10/49 | €5,894,190 | €7,190,194 | +€1.3m | +22.0% |
| Equity | 10/15 | €5,219,813 | €5,260,709 | +€40,895 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,158,313 | €5,199,209 | +€40,895 | +0.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,383 | €183,458 | -€9,925 | -5.1% |
| Distributable reserves | 133 | €4,958,780 | €5,009,600 | +€50,820 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €48,346 | €45,865 | -€2,481 | -5.1% |
| Deferred taxes | 168 | €48,346 | €45,865 | -€2,481 | -5.1% |
| Amounts payable | 17/49 | €626,031 | €1,883,621 | +€1.3m | +201% |
| Amounts payable after more than one year | 17 | - | €1,166,667 | +€1.2m | |
| Financial debts | 170/4 | - | €1,166,667 | +€1.2m | |
| Amounts payable within one year | 42/48 | €608,786 | €695,918 | +€87,132 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | - | €83,333 | +€83,333 | |
| Trade debts | 44 | €723 | €8,935 | +€8,213 | +1,137% |
| Suppliers | 440/4 | €723 | €8,935 | +€8,213 | +1,137% |
| Taxes, remuneration and social security | 45 | €35,732 | €10,893 | -€24,839 | -69.5% |
| Taxes | 450/3 | €35,732 | €10,893 | -€24,839 | -69.5% |
| Other amounts payable | 47/48 | €572,332 | €592,757 | +€20,425 | +3.6% |
| Accrued charges and deferred income | 492/3 | €17,244 | €21,036 | +€3,792 | +22.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,682 | €672,223 | +€600,541 | +838% |
| Other operating charges | 640/8 | €13,671 | €13,335 | -€336 | -2.5% |
| Gross operating margin | 9900 | €62,672 | €24,531 | -€38,141 | -60.9% |
| Operating profit (loss) | 9901 | -€22,681 | -€661,027 | -€638,345 | -2,814% |
| Financial income | 75/76B | €730,093 | €750,381 | +€20,288 | +2.8% |
| Recurring financial income | 75 | €730,093 | €750,381 | +€20,288 | +2.8% |
| Financial charges | 65/66B | €337,968 | €40,942 | -€297,026 | -87.9% |
| Recurring financial charges | 65 | €337,968 | €40,942 | -€297,026 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €369,444 | €48,413 | -€321,031 | -86.9% |
| Transfer from deferred taxes | 780 | €2,385 | €2,481 | +€96 | +4.0% |
| Income taxes | 67/77 | €34,713 | €9,999 | -€24,715 | -71.2% |
| Profit (loss) for the period | 9904 | €337,116 | €40,895 | -€296,220 | -87.9% |
| Transfer from tax-exempt reserves | 789 | €9,540 | €9,925 | +€385 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €346,655 | €50,820 | -€295,835 | -85.3% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.