LUMIPAPER: 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
LUMIPAPER
NACE 17.120, Manufacture of paper and paper products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€309,498
2024 · €884,190-€574,692
Equity
€9.2m
2024 · €9.8m-€690,502
Cash
€2.0m
2024 · €3.4m-€1.4m
Balance sheet total
€13.0m
2024 · €17.5m-€4.6m
Largest movements
Assets
- Receivables within one year -€1.9m
down €1.9m (-47.3%), from €4.0m to €2.1m
of which Trade receivables: -€1.8m
- Cash -€1.4m
down €1.4m (-41.2%), from €3.4m to €2.0m
mainly Other debts (-€2.4m) and Contributions, distributions and other (-€1.0m)
- Tangible fixed assets -€1.1m
down €1.1m (-12.0%), from €9.4m to €8.3m
of which Plant, machinery and equipment: -€929,306
Equity and liabilities
- Other debts -€2.4m
down €2.4m (-70.6%), from €3.4m to €1.0m
- Tax, wage and social debts -€796,299
down €796,299 (-42.6%), from €1.9m to €1.1m
of which Remuneration and social security: -€783,469
- Profit (loss) carried forward -€721,452
down €721,452 (-95.0%), from €759,512 to €38,060
- Provisions -€457,071
no longer reported in 2025 (was €457,071)
- Trade debts -€212,441
down €212,441 (-10.8%), from €2.0m to €1.7m
Income statement
- Other operating income -€9.2m
down €9.2m (-91.7%), from €10.0m to €831,740
- Depreciation -€2.6m
down €2.6m (-63.7%), from €4.1m to €1.5m
- Staff costs -€1.6m
down €1.6m (-16.9%), from €9.3m to €7.7m
- Services and other goods -€1.4m
down €1.4m (-23.9%), from €6.1m to €4.6m
- Goods and materials -€1.2m
down €1.2m (-22.2%), from €5.5m to €4.3m
of which Purchases: -€1.0m
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
€884,190
Turnover
+€899,956
Other operating income
-€9.2m
Goods and materials
+€1.2m
Services and other goods
+€1.4m
Staff costs
+€1.6m
Depreciation
+€2.6m
Write-downs
-€8,418
Provisions
+€914,142
Other operating charges
+€516
Financial income
-€52,540
Financial charges
+€120,587
Taxes
-€106,460
Result 2025
€309,498
raises the resultlowers the result
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
-€51,086
Investment
-€347,609
Financing
-€1.0m
Cash 2024
€3.4m
From operations (derived)
-€51,086
Net result for the year
+€309,498
Depreciation
+€1.5m
Stocks and contracts
+€131,309
Receivables within one year
+€1.9m
Smaller working-capital items
-€7,467
Provisions
-€457,071
Trade debts
-€212,441
Tax, wage and social debts
-€796,299
Other debts
-€2.4m
Investment (derived)
-€347,609
Investment in fixed assets (net)
-€347,609
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,536,004 | €12,973,880 | -€4.6m | -26.0% |
| Fixed assets | 21/28 | €9,415,092 | €8,286,450 | -€1.1m | -12.0% |
| Tangible fixed assets | 22/27 | €9,415,092 | €8,286,450 | -€1.1m | -12.0% |
| Land and buildings | 22 | €820,828 | €683,619 | -€137,209 | -16.7% |
| Plant, machinery and equipment | 23 | €8,462,076 | €7,532,770 | -€929,306 | -11.0% |
| Furniture and vehicles | 24 | €5,242 | €11,553 | +€6,311 | +120% |
| Assets under construction and advance payments | 27 | €126,947 | €58,508 | -€68,438 | -53.9% |
| Current assets | 29/58 | €8,120,912 | €4,687,430 | -€3.4m | -42.3% |
| Stocks and contracts in progress | 3 | €607,154 | €475,846 | -€131,309 | -21.6% |
| Stocks | 30/36 | €607,154 | €475,846 | -€131,309 | -21.6% |
| Raw materials and consumables | 30/31 | €607,154 | €475,846 | -€131,309 | -21.6% |
| Amounts receivable within one year | 40/41 | €4,031,873 | €2,126,739 | -€1.9m | -47.3% |
| Trade receivables | 40 | €3,639,319 | €1,835,805 | -€1.8m | -49.6% |
| Other amounts receivable | 41 | €392,554 | €290,934 | -€101,620 | -25.9% |
| Cash at bank and in hand | 54/58 | €3,395,436 | €1,996,740 | -€1.4m | -41.2% |
| Deferred charges and accrued income | 490/1 | €86,449 | €88,105 | +€1,656 | +1.9% |
| Total equity and liabilities | 10/49 | €17,536,004 | €12,973,880 | -€4.6m | -26.0% |
| Equity | 10/15 | €9,846,016 | €9,155,514 | -€690,502 | -7.0% |
| Contributions | 10/11 | €8,700,000 | €8,700,000 | = | 0.0% |
| Capital | 10 | €8,700,000 | €8,700,000 | = | 0.0% |
| Issued capital | 100 | €8,700,000 | €8,700,000 | = | 0.0% |
| Reserves | 13 | €386,505 | €417,455 | +€30,950 | +8.0% |
| Non-distributable reserves | 130/1 | €386,505 | €417,455 | +€30,950 | +8.0% |
| Legal reserve | 130 | €386,505 | €417,455 | +€30,950 | +8.0% |
| Profit (loss) carried forward | 14 | €759,512 | €38,060 | -€721,452 | -95.0% |
| Provisions and deferred taxes | 16 | €457,071 | - | -€457,071 | |
| Provisions for liabilities and charges | 160/5 | €457,071 | - | -€457,071 | |
| Other liabilities and charges | 164/5 | €457,071 | - | -€457,071 | |
| Amounts payable | 17/49 | €7,232,917 | €3,818,366 | -€3.4m | -47.2% |
| Amounts payable within one year | 42/48 | €7,227,106 | €3,818,366 | -€3.4m | -47.2% |
| Trade debts | 44 | €1,959,173 | €1,746,733 | -€212,441 | -10.8% |
| Suppliers | 440/4 | €1,959,173 | €1,746,733 | -€212,441 | -10.8% |
| Taxes, remuneration and social security | 45 | €1,867,933 | €1,071,633 | -€796,299 | -42.6% |
| Taxes | 450/3 | €280,926 | €268,096 | -€12,830 | -4.6% |
| Remuneration and social security | 454/9 | €1,587,007 | €803,538 | -€783,469 | -49.4% |
| Other amounts payable | 47/48 | €3,400,000 | €1,000,000 | -€2.4m | -70.6% |
| Accrued charges and deferred income | 492/3 | €5,811 | - | -€5,811 | |
| Operating income | 70/76A | €26,547,762 | €18,272,306 | -€8.3m | -31.2% |
| Turnover | 70 | €16,540,610 | €17,440,566 | +€899,956 | +5.4% |
| Other operating income | 74 | €10,007,151 | €831,740 | -€9.2m | -91.7% |
| Operating charges | 60/66A | €25,624,053 | €17,884,876 | -€7.7m | -30.2% |
| Goods for resale, raw materials and consumables | 60 | €5,492,512 | €4,273,353 | -€1.2m | -22.2% |
| Purchases | 600/8 | €5,171,264 | €4,145,875 | -€1.0m | -19.8% |
| Change in stocks: decrease (increase) | 609 | €321,249 | €127,478 | -€193,770 | -60.3% |
| Services and other goods | 61 | €6,050,965 | €4,602,985 | -€1.4m | -23.9% |
| Remuneration, social security and pensions | 62 | €9,278,499 | €7,708,473 | -€1.6m | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,072,022 | €1,476,251 | -€2.6m | -63.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,588 | €3,830 | +€8,418 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €457,071 | -€457,071 | -€914,142 | |
| Other operating charges | 640/8 | €277,571 | €277,055 | -€516 | -0.2% |
| Operating profit (loss) | 9901 | €923,709 | €387,430 | -€536,279 | -58.1% |
| Financial income | 75/76B | €130,162 | €77,622 | -€52,540 | -40.4% |
| Recurring financial income | 75 | €130,162 | €77,622 | -€52,540 | -40.4% |
| Income from current assets | 751 | €114,827 | €67,713 | -€47,114 | -41.0% |
| Other financial income | 752/9 | €15,335 | €9,909 | -€5,426 | -35.4% |
| Financial charges | 65/66B | €130,616 | €10,029 | -€120,587 | -92.3% |
| Recurring financial charges | 65 | €130,616 | €10,029 | -€120,587 | -92.3% |
| Debt charges | 650 | €107,913 | €697 | -€107,216 | -99.4% |
| Other financial charges | 652/9 | €22,702 | €9,332 | -€13,371 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €923,255 | €455,023 | -€468,232 | -50.7% |
| Income taxes | 67/77 | €39,065 | €145,525 | +€106,460 | +273% |
| Taxes | 670/3 | €39,065 | €145,525 | +€106,460 | +273% |
| Profit (loss) for the period | 9904 | €884,190 | €309,498 | -€574,692 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €884,190 | €309,498 | -€574,692 | -65.0% |
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.