LUMIERE PUBLISHING: 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.
LUMIERE PUBLISHING
Largest movements
- Financial fixed assets +€3.4m
up €3.4m (+166%), from €2.1m to €5.5m
- Intangible fixed assets -€698,993
down €698,993 (-20.5%), from €3.4m to €2.7m
- Cash -€310,203
down €310,203 (-94.4%), from €328,540 to €18,337
mainly Investment in fixed assets (net) (-€4.3m) and Other debts (-€1.7m)
- Deferred charges and accrued income -€201,296
down €201,296 (-50.6%), from €398,122 to €196,826
- Receivables within one year -€137,348
down €137,348 (-20.9%), from €656,239 to €518,891
of which Trade receivables: -€146,363
- Contributions +€4.4m
up €4.4m (+508%), from €868,600 to €5.3m
- Other debts -€1.7m
no longer reported in 2025 (was €1.7m)
- Profit (loss) carried forward -€648,147
down €648,147 (-26.7%), from -€2.4m to -€3.1m
- Debts after one year -€500,000
down €500,000 (-21.5%), from €2.3m to €1.8m
- Short-term financial debts +€500,000
new in 2025: €500,000
- Turnover -€360,597
down €360,597 (-11.8%), from €3.0m to €2.7m
- Gross operating margin -€283,294
down €283,294 (-16.8%), from €1.7m to €1.4m
- Purchases and services -€75,499
down €75,499 (-5.5%), from €1.4m to €1.3m
- Financial charges -€57,320
down €57,320 (-21.9%), from €261,670 to €204,350
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 | €6,945,275 | €9,014,699 | +€2.1m | +29.8% |
| Fixed assets | 21/28 | €5,562,374 | €8,280,645 | +€2.7m | +48.9% |
| Intangible fixed assets | 21 | €3,411,569 | €2,712,576 | -€698,993 | -20.5% |
| Tangible fixed assets | 22/27 | €89,858 | €96,173 | +€6,315 | +7.0% |
| Furniture and vehicles | 24 | €14,234 | €21,094 | +€6,860 | +48.2% |
| Other tangible fixed assets | 26 | €75,624 | €75,079 | -€545 | -0.7% |
| Financial fixed assets | 28 | €2,060,947 | €5,471,896 | +€3.4m | +166% |
| Current assets | 29/58 | €1,382,901 | €734,054 | -€648,847 | -46.9% |
| Amounts receivable within one year | 40/41 | €656,239 | €518,891 | -€137,348 | -20.9% |
| Trade receivables | 40 | €650,050 | €503,687 | -€146,363 | -22.5% |
| Other amounts receivable | 41 | €6,189 | €15,204 | +€9,015 | +146% |
| Cash at bank and in hand | 54/58 | €328,540 | €18,337 | -€310,203 | -94.4% |
| Deferred charges and accrued income | 490/1 | €398,122 | €196,826 | -€201,296 | -50.6% |
| Total equity and liabilities | 10/49 | €6,945,275 | €9,014,699 | +€2.1m | +29.8% |
| Equity | 10/15 | €275,284 | €4,043,460 | +€3.8m | +1,369% |
| Contributions | 10/11 | €868,600 | €5,284,923 | +€4.4m | +508% |
| Capital | 10 | €868,600 | €5,284,923 | +€4.4m | +508% |
| Issued capital | 100 | €868,600 | €5,284,923 | +€4.4m | +508% |
| Reserves | 13 | €1,837,559 | €1,837,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,860 | €86,860 | = | 0.0% |
| Legal reserve | 130 | €86,860 | €86,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,150 | €31,150 | = | 0.0% |
| Distributable reserves | 133 | €1,719,549 | €1,719,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,430,875 | -€3,079,022 | -€648,147 | -26.7% |
| Amounts payable | 17/49 | €6,669,991 | €4,971,239 | -€1.7m | -25.5% |
| Amounts payable after more than one year | 17 | €2,323,278 | €1,823,278 | -€500,000 | -21.5% |
| Financial debts | 170/4 | €2,323,278 | €1,823,278 | -€500,000 | -21.5% |
| Amounts payable within one year | 42/48 | €3,393,029 | €2,324,609 | -€1.1m | -31.5% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €1,692,971 | €1,774,582 | +€81,611 | +4.8% |
| Suppliers | 440/4 | €1,692,971 | €1,774,582 | +€81,611 | +4.8% |
| Taxes, remuneration and social security | 45 | €31,523 | €50,027 | +€18,504 | +58.7% |
| Taxes | 450/3 | €136 | €19,132 | +€18,996 | +13,968% |
| Remuneration and social security | 454/9 | €31,387 | €30,895 | -€492 | -1.6% |
| Other amounts payable | 47/48 | €1,668,535 | - | -€1.7m | |
| Accrued charges and deferred income | 492/3 | €953,684 | €823,352 | -€130,332 | -13.7% |
| Turnover | 70 | €3,044,219 | €2,683,622 | -€360,597 | -11.8% |
| Non-recurring operating income | 76A | €164 | €1,639 | +€1,475 | +899% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,360,706 | €1,285,207 | -€75,499 | -5.5% |
| Remuneration, social security and pensions | 62 | €330,127 | €315,943 | -€14,184 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568,881 | €1,563,736 | -€5,145 | -0.3% |
| Other operating charges | 640/8 | €7,919 | €2,676 | -€5,243 | -66.2% |
| Non-recurring operating charges | 66A | - | €9,335 | +€9,335 | |
| Gross operating margin | 9900 | €1,683,348 | €1,400,054 | -€283,294 | -16.8% |
| Operating profit (loss) | 9901 | -€223,579 | -€491,636 | -€268,057 | -120% |
| Financial income | 75/76B | €59,165 | €47,839 | -€11,326 | -19.1% |
| Recurring financial income | 75 | €59,165 | €47,839 | -€11,326 | -19.1% |
| Financial charges | 65/66B | €261,670 | €204,350 | -€57,320 | -21.9% |
| Recurring financial charges | 65 | €261,670 | €204,350 | -€57,320 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€426,084 | -€648,147 | -€222,063 | -52.1% |
| Profit (loss) for the period | 9904 | -€426,084 | -€648,147 | -€222,063 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€426,084 | -€648,147 | -€222,063 | -52.1% |
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 28 October 2026 via checked.be.