LUMN: what changed
Two fiscal 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.
LUMN
Largest movements
- Cash +€32,388
up €32,388 (+141.5%), from €22,884 to €55,272
mainly Net result for the year (+€45,626) and Tax, wage and social debts (+€10,519)
- Deferred charges and accrued income +€15,498
up €15,498 (+3088.3%), from €502 to €16,000
- Tangible fixed assets +€6,941
new in 2025: €6,941
- Profit (loss) carried forward +€44,793
up €44,793 (+373.2%), from €12,002 to €56,795
- Tax, wage and social debts +€10,519
up €10,519 (+160.3%), from €6,563 to €17,082
of which Taxes: +€10,519
- Trade debts -€1,355
down €1,355 (-45.0%), from €3,008 to €1,653
- Gross operating margin +€47,208
up €47,208 (+289.8%), from €16,289 to €63,497
- Taxes +€8,582
up €8,582 (+256.8%), from €3,343 to €11,925
- Other operating charges +€3,789
new in 2025: €3,789
- Depreciation +€1,986
up €1,986 (+1938.6%), from €102 to €2,089
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.
Cash bridge derived
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 | €28,868 | €83,520 | +€54,652 | +189.3% |
| Formation expenses | 20 | €1,048 | €818 | -€230 | -22.0% |
| Fixed assets | 21/28 | - | €6,941 | +€6,941 | |
| Tangible fixed assets | 22/27 | - | €6,941 | +€6,941 | |
| Furniture and vehicles | 24 | - | €6,941 | +€6,941 | |
| Current assets | 29/58 | €27,820 | €75,761 | +€47,941 | +172.3% |
| Amounts receivable within one year | 40/41 | €4,434 | €4,489 | +€55 | +1.2% |
| Trade receivables | 40 | €4,434 | €4,489 | +€55 | +1.2% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €22,884 | €55,272 | +€32,388 | +141.5% |
| Deferred charges and accrued income | 490/1 | €502 | €16,000 | +€15,498 | +3088.3% |
| Total equity and liabilities | 10/49 | €28,868 | €83,520 | +€54,652 | +189.3% |
| Equity | 10/15 | €16,002 | €60,795 | +€44,793 | +279.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,002 | €56,795 | +€44,793 | +373.2% |
| Amounts payable | 17/49 | €12,865 | €22,725 | +€9,859 | +76.6% |
| Amounts payable within one year | 42/48 | €12,865 | €22,725 | +€9,859 | +76.6% |
| Trade debts | 44 | €3,008 | €1,653 | -€1,355 | -45.0% |
| Suppliers | 440/4 | €3,008 | €1,653 | -€1,355 | -45.0% |
| Taxes, remuneration and social security | 45 | €6,563 | €17,082 | +€10,519 | +160.3% |
| Taxes | 450/3 | €6,563 | €17,082 | +€10,519 | +160.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €3,294 | €3,990 | +€695 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102 | €2,089 | +€1,986 | +1938.6% |
| Other operating charges | 640/8 | - | €3,789 | +€3,789 | |
| Gross operating margin | 9900 | €16,289 | €63,497 | +€47,208 | +289.8% |
| Operating profit (loss) | 9901 | €16,186 | €57,619 | +€41,432 | +256.0% |
| Financial charges | 65/66B | €8 | €68 | +€60 | +722.1% |
| Recurring financial charges | 65 | €8 | €68 | +€60 | +722.1% |
| Profit (loss) for the period before taxes | 9903 | €16,178 | €57,551 | +€41,373 | +255.7% |
| Income taxes | 67/77 | €3,343 | €11,925 | +€8,582 | +256.8% |
| Profit (loss) for the period | 9904 | €12,835 | €45,626 | +€32,790 | +255.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,835 | €45,626 | +€32,790 | +255.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.