LUMIFIN: 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.
LUMIFIN
Largest movements
- Tangible fixed assets +€36,115
up €36,115 (+105%), from €34,449 to €70,564
of which Leasing and similar rights: +€21,581
- Cash -€27,437
down €27,437 (-64.3%), from €42,658 to €15,221
mainly Investment in fixed assets (net) (-€60,298) and Contributions, distributions and other (-€60,000)
- Receivables within one year +€15,129
up €15,129 (+62.1%), from €24,343 to €39,472
of which Trade receivables: +€15,129
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€21,060
down €21,060 (-55.6%), from €37,894 to €16,834
- Debts after one year +€12,991
up €12,991 (+96.5%), from €13,466 to €26,457
- Reserves +€10,295
up €10,295 (+152%), from €6,792 to €17,087
of which Distributable reserves: +€10,295
- Current portion of long-term debt +€9,768
up €9,768 (+75.6%), from €12,917 to €22,685
- Tax, wage and social debts +€2,475
up €2,475 (+12.5%), from €19,799 to €22,274
of which Taxes: +€1,819
- Gross operating margin +€19,607
up €19,607 (+19.3%), from €101,551 to €121,158
- Depreciation +€5,301
up €5,301 (+28.1%), from €18,882 to €24,183
- Taxes +€3,012
up €3,012 (+17.8%), from €16,919 to €19,931
- Other operating charges +€2,318
up €2,318 (+94.5%), from €2,452 to €4,770
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 | €111,450 | €125,257 | +€13,807 | +12.4% |
| Fixed assets | 21/28 | €34,449 | €70,564 | +€36,115 | +105% |
| Tangible fixed assets | 22/27 | €34,449 | €70,564 | +€36,115 | +105% |
| Furniture and vehicles | 24 | €2,733 | €7,210 | +€4,477 | +164% |
| Leasing and similar rights | 25 | €31,716 | €53,297 | +€21,581 | +68.0% |
| Other tangible fixed assets | 26 | - | €10,057 | +€10,057 | |
| Current assets | 29/58 | €77,001 | €54,693 | -€22,308 | -29.0% |
| Amounts receivable within one year | 40/41 | €24,343 | €39,472 | +€15,129 | +62.1% |
| Trade receivables | 40 | €20,096 | €35,225 | +€15,129 | +75.3% |
| Other amounts receivable | 41 | €4,247 | €4,247 | = | 0.0% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €42,658 | €15,221 | -€27,437 | -64.3% |
| Total equity and liabilities | 10/49 | €111,450 | €125,257 | +€13,807 | +12.4% |
| Equity | 10/15 | €25,392 | €35,687 | +€10,295 | +40.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,792 | €17,087 | +€10,295 | +152% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,932 | €15,227 | +€10,295 | +209% |
| Amounts payable | 17/49 | €86,058 | €89,570 | +€3,512 | +4.1% |
| Amounts payable after more than one year | 17 | €13,466 | €26,457 | +€12,991 | +96.5% |
| Financial debts | 170/4 | €13,466 | €26,457 | +€12,991 | +96.5% |
| Amounts payable within one year | 42/48 | €72,273 | €62,962 | -€9,311 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €12,917 | €22,685 | +€9,768 | +75.6% |
| Trade debts | 44 | €1,663 | €1,169 | -€494 | -29.7% |
| Suppliers | 440/4 | €1,663 | €1,169 | -€494 | -29.7% |
| Taxes, remuneration and social security | 45 | €19,799 | €22,274 | +€2,475 | +12.5% |
| Taxes | 450/3 | €16,345 | €18,164 | +€1,819 | +11.1% |
| Remuneration and social security | 454/9 | €3,454 | €4,110 | +€656 | +19.0% |
| Other amounts payable | 47/48 | €37,894 | €16,834 | -€21,060 | -55.6% |
| Accrued charges and deferred income | 492/3 | €319 | €151 | -€168 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,882 | €24,183 | +€5,301 | +28.1% |
| Other operating charges | 640/8 | €2,452 | €4,770 | +€2,318 | +94.5% |
| Non-recurring operating charges | 66A | €198 | - | -€198 | |
| Gross operating margin | 9900 | €101,551 | €121,158 | +€19,607 | +19.3% |
| Operating profit (loss) | 9901 | €80,019 | €92,205 | +€12,186 | +15.2% |
| Financial income | 75/76B | €106 | €477 | +€371 | +350% |
| Recurring financial income | 75 | €106 | €477 | +€371 | +350% |
| Financial charges | 65/66B | €1,994 | €2,456 | +€462 | +23.2% |
| Recurring financial charges | 65 | €1,994 | €2,456 | +€462 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €78,131 | €90,226 | +€12,095 | +15.5% |
| Income taxes | 67/77 | €16,919 | €19,931 | +€3,012 | +17.8% |
| Profit (loss) for the period | 9904 | €61,212 | €70,295 | +€9,083 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,212 | €70,295 | +€9,083 | +14.8% |
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 24 October 2026 via checked.be.