LUMO: 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.
LUMO
Largest movements
- Cash -€68,995
down €68,995 (-99.1%), from €69,617 to €622
mainly Investment in fixed assets (net) (-€88,562) and Debts after one year (-€17,092)
- Tangible fixed assets +€62,157
up €62,157 (+46.2%), from €134,523 to €196,680
of which Land and buildings: +€68,235
- Receivables within one year +€13,765
up €13,765 (+10.9%), from €125,848 to €139,613
of which Other amounts receivable: +€20,622
- Trade debts +€24,557
up €24,557 (+122.6%), from €20,023 to €44,580
- Debts after one year -€17,092
down €17,092 (-16.5%), from €103,607 to €86,515
- Short-term financial debts +€6,627
up €6,627 (+80.6%), from €8,227 to €14,855
- Tax, wage and social debts -€6,554
down €6,554 (-79.6%), from €8,234 to €1,680
- Current portion of long-term debt -€3,447
down €3,447 (-16.8%), from €20,551 to €17,104
- Gross operating margin -€4,730
down €4,730 (-10.9%), from €43,389 to €38,659
- Depreciation +€4,514
up €4,514 (+20.6%), from €21,891 to €26,405
- Taxes -€2,854
down €2,854 (-73.9%), from €3,864 to €1,010
- Other operating charges +€1,053
up €1,053 (+32.4%), from €3,246 to €4,299
- Financial charges -€761
down €761 (-10.5%), from €7,265 to €6,504
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,956 | €340,159 | +€7,204 | +2.2% |
| Fixed assets | 21/28 | €136,472 | €198,629 | +€62,157 | +45.5% |
| Tangible fixed assets | 22/27 | €134,523 | €196,680 | +€62,157 | +46.2% |
| Land and buildings | 22 | €114,037 | €182,272 | +€68,235 | +59.8% |
| Plant, machinery and equipment | 23 | €13,622 | €10,635 | -€2,987 | -21.9% |
| Furniture and vehicles | 24 | €6,864 | €3,773 | -€3,091 | -45.0% |
| Financial fixed assets | 28 | €1,949 | €1,949 | = | 0.0% |
| Current assets | 29/58 | €196,484 | €141,531 | -€54,953 | -28.0% |
| Amounts receivable within one year | 40/41 | €125,848 | €139,613 | +€13,765 | +10.9% |
| Trade receivables | 40 | €91,649 | €84,792 | -€6,857 | -7.5% |
| Other amounts receivable | 41 | €34,199 | €54,821 | +€20,622 | +60.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,617 | €622 | -€68,995 | -99.1% |
| Deferred charges and accrued income | 490/1 | €769 | €1,047 | +€277 | +36.0% |
| Total equity and liabilities | 10/49 | €332,956 | €340,159 | +€7,204 | +2.2% |
| Equity | 10/15 | €157,484 | €158,295 | +€811 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €81,449 | €83,109 | +€1,661 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €79,589 | €81,249 | +€1,661 | +2.1% |
| Profit (loss) carried forward | 14 | €69,835 | €68,985 | -€850 | -1.2% |
| Amounts payable | 17/49 | €175,472 | €181,865 | +€6,393 | +3.6% |
| Amounts payable after more than one year | 17 | €103,607 | €86,515 | -€17,092 | -16.5% |
| Financial debts | 170/4 | €103,607 | €86,515 | -€17,092 | -16.5% |
| Amounts payable within one year | 42/48 | €71,865 | €95,350 | +€23,485 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €20,551 | €17,104 | -€3,447 | -16.8% |
| Financial debts | 43 | €8,227 | €14,855 | +€6,627 | +80.6% |
| Credit institutions | 430/8 | €8,227 | €14,855 | +€6,627 | +80.6% |
| Trade debts | 44 | €20,023 | €44,580 | +€24,557 | +122.6% |
| Suppliers | 440/4 | €20,023 | €44,580 | +€24,557 | +122.6% |
| Advances received on contracts in progress | 46 | €13,774 | €15,226 | +€1,452 | +10.5% |
| Taxes, remuneration and social security | 45 | €8,234 | €1,680 | -€6,554 | -79.6% |
| Taxes | 450/3 | €8,234 | €1,680 | -€6,554 | -79.6% |
| Other amounts payable | 47/48 | €1,055 | €1,905 | +€850 | +80.6% |
| Non-recurring operating income | 76A | €84 | - | -€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,891 | €26,405 | +€4,514 | +20.6% |
| Other operating charges | 640/8 | €3,246 | €4,299 | +€1,053 | +32.4% |
| Gross operating margin | 9900 | €43,389 | €38,659 | -€4,730 | -10.9% |
| Operating profit (loss) | 9901 | €18,253 | €7,956 | -€10,297 | -56.4% |
| Financial income | 75/76B | €775 | €1,219 | +€444 | +57.3% |
| Recurring financial income | 75 | €775 | €1,219 | +€444 | +57.3% |
| Financial charges | 65/66B | €7,265 | €6,504 | -€761 | -10.5% |
| Recurring financial charges | 65 | €7,265 | €6,504 | -€761 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €11,763 | €2,671 | -€9,092 | -77.3% |
| Income taxes | 67/77 | €3,864 | €1,010 | -€2,854 | -73.9% |
| Profit (loss) for the period | 9904 | €7,898 | €1,661 | -€6,237 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,898 | €1,661 | -€6,237 | -79.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.