LUMINE GROUP: 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.
LUMINE GROUP
Largest movements
- Cash +€106,103
up €106,103 (+85.7%), from €123,809 to €229,912
mainly Net result for the year (+€294,642) and Other debts (+€117,481)
- Other debts +€117,481
up €117,481 (+148%), from €79,259 to €196,740
- Debts after one year -€31,625
down €31,625 (-8.9%), from €354,036 to €322,411
- Reserves +€20,291
up €20,291 (+6.4%), from €318,311 to €338,602
of which Distributable reserves: +€62,391
- Gross operating margin +€21,581
up €21,581 (+5.5%), from €389,189 to €410,770
- Other operating charges -€7,148
down €7,148 (-74.0%), from €9,658 to €2,510
- Taxes +€6,769
up €6,769 (+7.8%), from €86,296 to €93,065
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 | €824,521 | €933,640 | +€109,119 | +13.2% |
| Fixed assets | 21/28 | €581,079 | €575,722 | -€5,358 | -0.9% |
| Tangible fixed assets | 22/27 | €581,079 | €575,722 | -€5,358 | -0.9% |
| Land and buildings | 22 | €580,724 | €567,503 | -€13,221 | -2.3% |
| Furniture and vehicles | 24 | €355 | €3,050 | +€2,694 | +759% |
| Other tangible fixed assets | 26 | - | €5,169 | +€5,169 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €243,442 | €357,919 | +€114,476 | +47.0% |
| Amounts receivable within one year | 40/41 | €119,633 | €128,007 | +€8,374 | +7.0% |
| Trade receivables | 40 | €119,562 | €127,002 | +€7,439 | +6.2% |
| Other amounts receivable | 41 | €71 | €1,005 | +€934 | +1,314% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €123,809 | €229,912 | +€106,103 | +85.7% |
| Total equity and liabilities | 10/49 | €824,521 | €933,640 | +€109,119 | +13.2% |
| Equity | 10/15 | €336,911 | €357,202 | +€20,291 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,311 | €338,602 | +€20,291 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €0 | -€42,100 | -100% |
| Distributable reserves | 133 | €274,351 | €336,742 | +€62,391 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €487,610 | €576,439 | +€88,828 | +18.2% |
| Amounts payable after more than one year | 17 | €354,036 | €322,411 | -€31,625 | -8.9% |
| Financial debts | 170/4 | €354,036 | €322,411 | -€31,625 | -8.9% |
| Amounts payable within one year | 42/48 | €133,574 | €254,027 | +€120,453 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €31,206 | €31,625 | +€419 | +1.3% |
| Trade debts | 44 | €1,189 | €1,700 | +€511 | +42.9% |
| Suppliers | 440/4 | €1,189 | €1,700 | +€511 | +42.9% |
| Taxes, remuneration and social security | 45 | €21,920 | €23,962 | +€2,042 | +9.3% |
| Taxes | 450/3 | €21,920 | €23,962 | +€2,042 | +9.3% |
| Other amounts payable | 47/48 | €79,259 | €196,740 | +€117,481 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,626 | €14,827 | +€3,201 | +27.5% |
| Other operating charges | 640/8 | €9,658 | €2,510 | -€7,148 | -74.0% |
| Gross operating margin | 9900 | €389,189 | €410,770 | +€21,581 | +5.5% |
| Operating profit (loss) | 9901 | €367,904 | €393,433 | +€25,529 | +6.9% |
| Financial income | 75/76B | €2,968 | €1,005 | -€1,963 | -66.1% |
| Recurring financial income | 75 | €2,968 | €1,005 | -€1,963 | -66.1% |
| Financial charges | 65/66B | €10,549 | €6,732 | -€3,818 | -36.2% |
| Recurring financial charges | 65 | €10,549 | €6,732 | -€3,818 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €360,323 | €387,706 | +€27,384 | +7.6% |
| Income taxes | 67/77 | €86,296 | €93,065 | +€6,769 | +7.8% |
| Profit (loss) for the period | 9904 | €274,027 | €294,642 | +€20,615 | +7.5% |
| Transfer from tax-exempt reserves | 789 | €0 | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €274,027 | €336,742 | +€62,715 | +22.9% |
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 31 October 2026 via checked.be.