LUMILUX: 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
LUMILUX
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,035
2024 · -€496,493+€564,528
Equity
€4.4m
2024 · €4.3m+€50,435
Cash
€241,714
2024 · €305,643-€63,929
Balance sheet total
€17.8m
2024 · €17.3m+€482,453
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+17.4%), from €6.1m to €7.2m
of which Trade receivables: +€1.1m
- Stocks and contracts -€869,763
down €869,763 (-34.8%), from €2.5m to €1.6m
of which Stocks: -€1.1m
- Tangible fixed assets +€353,547
up €353,547 (+4.3%), from €8.3m to €8.6m
of which Assets under construction and advance payments: +€488,173
Equity and liabilities
- Debts after one year -€582,645
down €582,645 (-11.3%), from €5.2m to €4.6m
of which Financial debts: -€455,143
- Tax, wage and social debts +€428,865
up €428,865 (+28.3%), from €1.5m to €1.9m
of which Remuneration and social security: +€387,061
- Trade debts +€328,366
up €328,366 (+7.6%), from €4.3m to €4.7m
- Current portion of long-term debt +€204,677
up €204,677 (+38.9%), from €526,734 to €731,411
Income statement
- Turnover +€19.1m
new in 2025: €19.1m
- Goods and materials +€11.5m
new in 2025: €11.5m
of which Purchases: +€11.0m
- Gross operating margin -€4.2m
no longer reported in 2025 (was €4.2m)
- Services and other goods +€2.0m
new in 2025: €2.0m
- Staff costs +€312,598
up €312,598 (+8.6%), from €3.6m to €4.0m
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
-€496,493
Turnover
+€19.1m
Other operating income
+€258,916
Goods and materials
-€11.5m
Services and other goods
-€2.0m
Staff costs
-€312,598
Depreciation
-€25,671
Provisions
-€17,669
Other operating charges
-€23,430
Other operating items
-€4.6m
Financial income
-€1,702
Financial charges
-€224,150
Taxes
-€91,895
Result 2025
€68,035
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
+€1.5m
Investment
-€1.2m
Financing
-€395,568
Cash 2024
€305,643
From operations (derived)
+€1.5m
Net result for the year
+€68,035
Depreciation
+€816,194
Stocks and contracts
+€869,763
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€3,057
Provisions
+€32,078
Trade debts
+€328,366
Tax, wage and social debts
+€428,865
Advances received
-€16,612
Other debts
+€30,000
Accrued charges and deferred income
+€7,288
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€395,568
Debts after one year
-€582,645
Current portion of long-term debt
+€204,677
Contributions, distributions and other
-€17,600
Cash 2025
€241,714
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,294,722 | €17,777,174 | +€482,453 | +2.8% |
| Fixed assets | 21/28 | €8,365,788 | €8,715,316 | +€349,529 | +4.2% |
| Intangible fixed assets | 21 | €16,524 | €12,483 | -€4,041 | -24.5% |
| Tangible fixed assets | 22/27 | €8,295,264 | €8,648,811 | +€353,547 | +4.3% |
| Land and buildings | 22 | €3,323,311 | €3,146,732 | -€176,579 | -5.3% |
| Plant, machinery and equipment | 23 | €659,471 | €1,003,814 | +€344,343 | +52.2% |
| Furniture and vehicles | 24 | €76,802 | €47,403 | -€29,399 | -38.3% |
| Leasing and similar rights | 25 | €4,151,769 | €3,883,490 | -€268,279 | -6.5% |
| Other tangible fixed assets | 26 | €83,912 | €79,200 | -€4,712 | -5.6% |
| Assets under construction and advance payments | 27 | - | €488,173 | +€488,173 | |
| Financial fixed assets | 28 | €54,000 | €54,023 | +€23 | 0.0% |
| Other financial fixed assets | 284/8 | - | €54,023 | +€54,023 | |
| Amounts receivable and cash guarantees | 285/8 | - | €54,023 | +€54,023 | |
| Current assets | 29/58 | €8,928,934 | €9,061,858 | +€132,924 | +1.5% |
| Stocks and contracts in progress | 3 | €2,499,691 | €1,629,928 | -€869,763 | -34.8% |
| Stocks | 30/36 | €2,499,691 | €1,423,381 | -€1.1m | -43.1% |
| Raw materials and consumables | 30/31 | - | €1,235,607 | +€1.2m | |
| Work in progress | 32 | - | €160,393 | +€160,393 | |
| Goods purchased for resale | 34 | - | €27,381 | +€27,381 | |
| Contracts in progress | 37 | - | €206,547 | +€206,547 | |
| Amounts receivable within one year | 40/41 | €6,100,785 | €7,164,345 | +€1.1m | +17.4% |
| Trade receivables | 40 | €5,202,893 | €6,288,555 | +€1.1m | +20.9% |
| Other amounts receivable | 41 | €897,892 | €875,790 | -€22,102 | -2.5% |
| Cash at bank and in hand | 54/58 | €305,643 | €241,714 | -€63,929 | -20.9% |
| Deferred charges and accrued income | 490/1 | €22,814 | €25,871 | +€3,057 | +13.4% |
| Total equity and liabilities | 10/49 | €17,294,722 | €17,777,174 | +€482,453 | +2.8% |
| Equity | 10/15 | €4,338,454 | €4,388,889 | +€50,435 | +1.2% |
| Contributions | 10/11 | €1,130,000 | €1,130,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,664 | €145,699 | +€68,035 | +87.6% |
| Investment grants | 15 | €630,790 | €613,190 | -€17,600 | -2.8% |
| Provisions and deferred taxes | 16 | €27,044 | €59,123 | +€32,078 | +119% |
| Provisions for liabilities and charges | 160/5 | €27,044 | €59,123 | +€32,078 | +119% |
| Environmental obligations | 163 | €27,044 | €59,123 | +€32,078 | +119% |
| Amounts payable | 17/49 | €12,929,223 | €13,329,163 | +€399,940 | +3.1% |
| Amounts payable after more than one year | 17 | €5,163,734 | €4,581,089 | -€582,645 | -11.3% |
| Financial debts | 170/4 | €5,036,232 | €4,581,089 | -€455,143 | -9.0% |
| Leasing and similar obligations | 172 | - | €3,947,357 | +€3.9m | |
| Credit institutions | 173 | - | €44,709 | +€44,709 | |
| Other loans | 174 | - | €589,023 | +€589,023 | |
| Trade debts | 175 | €127,502 | €0 | -€127,502 | -100% |
| Suppliers | 1750 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €7,765,489 | €8,740,786 | +€975,296 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €526,734 | €731,411 | +€204,677 | +38.9% |
| Trade debts | 44 | €4,322,341 | €4,650,707 | +€328,366 | +7.6% |
| Suppliers | 440/4 | €4,322,341 | €4,650,707 | +€328,366 | +7.6% |
| Advances received on contracts in progress | 46 | €1,388,699 | €1,372,087 | -€16,612 | -1.2% |
| Taxes, remuneration and social security | 45 | €1,517,339 | €1,946,204 | +€428,865 | +28.3% |
| Taxes | 450/3 | €651,490 | €693,295 | +€41,805 | +6.4% |
| Remuneration and social security | 454/9 | €865,848 | €1,252,909 | +€387,061 | +44.7% |
| Other amounts payable | 47/48 | €10,377 | €40,377 | +€30,000 | +289% |
| Accrued charges and deferred income | 492/3 | - | €7,288 | +€7,288 | |
| Operating income | 70/76A | - | €19,061,710 | +€19.1m | |
| Turnover | 70 | - | €19,132,776 | +€19.1m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€366,427 | -€366,427 | |
| Other operating income | 74 | - | €258,916 | +€258,916 | |
| Non-recurring operating income | 76A | €835 | €36,445 | +€35,610 | +4,263% |
| Operating charges | 60/66A | - | €18,411,344 | +€18.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €11,548,365 | +€11.5m | |
| Purchases | 600/8 | - | €11,045,029 | +€11.0m | |
| Change in stocks: decrease (increase) | 609 | - | €503,336 | +€503,336 | |
| Services and other goods | 61 | - | €2,019,361 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €3,647,211 | €3,959,809 | +€312,598 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790,522 | €816,194 | +€25,671 | +3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,409 | €32,078 | +€17,669 | +123% |
| Other operating charges | 640/8 | €8,919 | €32,349 | +€23,430 | +263% |
| Non-recurring operating charges | 66A | €1 | €3,187 | +€3,187 | +374,884% |
| Gross operating margin | 9900 | €4,229,155 | - | -€4.2m | |
| Operating profit (loss) | 9901 | -€231,908 | €650,366 | +€882,275 | |
| Financial income | 75/76B | €8,902 | €7,200 | -€1,702 | -19.1% |
| Recurring financial income | 75 | €8,902 | €7,200 | -€1,702 | -19.1% |
| Income from current assets | 751 | - | €3,892 | +€3,892 | |
| Other financial income | 752/9 | - | €3,307 | +€3,307 | |
| Financial charges | 65/66B | €273,036 | €497,185 | +€224,150 | +82.1% |
| Recurring financial charges | 65 | €272,836 | €492,833 | +€219,997 | +80.6% |
| Debt charges | 650 | - | €488,507 | +€488,507 | |
| Other financial charges | 652/9 | - | €4,326 | +€4,326 | |
| Non-recurring financial charges | 66B | €200 | €4,352 | +€4,152 | +2,076% |
| Profit (loss) for the period before taxes | 9903 | -€496,042 | €160,381 | +€656,423 | |
| Income taxes | 67/77 | €451 | €92,346 | +€91,895 | +20,375% |
| Taxes | 670/3 | - | €92,346 | +€92,346 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€496,493 | €68,035 | +€564,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€496,493 | €68,035 | +€564,528 |
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 16 October 2026 via checked.be.