LUMO: 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.
LUMO
Largest movements
- Intangible fixed assets +€160,032
up €160,032 (+9.8%), from €1.6m to €1.8m
- Cash +€65,904
up €65,904 (+10,374%), from €635 to €66,539
mainly Depreciation (+€428,850) and Other debts (+€419,739)
- Other debts +€419,739
up €419,739 (+33.6%), from €1.2m to €1.7m
- Profit (loss) carried forward -€313,797
down €313,797 (-53.3%), from €588,732 to €274,935
- Trade debts +€136,956
up €136,956 (+3,378%), from €4,055 to €141,011
- Gross operating margin +€83,654
up €83,654 (+64.2%), from €130,271 to €213,925
- Financial charges +€81,742
up €81,742 (+498%), from €16,423 to €98,165
- Depreciation +€54,189
up €54,189 (+14.5%), from €374,661 to €428,850
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 | €1,889,844 | €2,132,742 | +€242,898 | +12.9% |
| Fixed assets | 21/28 | €1,633,628 | €1,793,660 | +€160,032 | +9.8% |
| Intangible fixed assets | 21 | €1,633,628 | €1,793,660 | +€160,032 | +9.8% |
| Current assets | 29/58 | €256,215 | €339,082 | +€82,867 | +32.3% |
| Amounts receivable within one year | 40/41 | €255,580 | €271,155 | +€15,575 | +6.1% |
| Trade receivables | 40 | €5,720 | €241,520 | +€235,800 | +4,122% |
| Other amounts receivable | 41 | €249,860 | €29,635 | -€220,225 | -88.1% |
| Cash at bank and in hand | 54/58 | €635 | €66,539 | +€65,904 | +10,374% |
| Deferred charges and accrued income | 490/1 | - | €1,387 | +€1,387 | |
| Total equity and liabilities | 10/49 | €1,889,844 | €2,132,742 | +€242,898 | +12.9% |
| Equity | 10/15 | €638,174 | €324,377 | -€313,797 | -49.2% |
| Contributions | 10/11 | €23,182 | €23,182 | = | 0.0% |
| Reserves | 13 | €26,260 | €26,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,364 | €6,364 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,364 | - | -€6,364 | |
| Other | 1319 | - | €6,364 | +€6,364 | |
| Tax-exempt reserves | 132 | €6,799 | €6,799 | = | 0.0% |
| Distributable reserves | 133 | €13,097 | €13,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | €588,732 | €274,935 | -€313,797 | -53.3% |
| Amounts payable | 17/49 | €1,251,670 | €1,808,365 | +€556,695 | +44.5% |
| Amounts payable within one year | 42/48 | €1,251,670 | €1,808,365 | +€556,695 | +44.5% |
| Trade debts | 44 | €4,055 | €141,011 | +€136,956 | +3,378% |
| Suppliers | 440/4 | €4,055 | €141,011 | +€136,956 | +3,378% |
| Other amounts payable | 47/48 | €1,247,615 | €1,667,354 | +€419,739 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,661 | €428,850 | +€54,189 | +14.5% |
| Other operating charges | 640/8 | €395 | €706 | +€311 | +78.9% |
| Gross operating margin | 9900 | €130,271 | €213,925 | +€83,654 | +64.2% |
| Operating profit (loss) | 9901 | -€244,785 | -€215,632 | +€29,153 | +11.9% |
| Financial charges | 65/66B | €16,423 | €98,165 | +€81,742 | +498% |
| Recurring financial charges | 65 | €16,423 | €98,165 | +€81,742 | +498% |
| Profit (loss) for the period before taxes | 9903 | -€261,208 | -€313,797 | -€52,588 | -20.1% |
| Profit (loss) for the period | 9904 | -€261,208 | -€313,797 | -€52,588 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€261,208 | -€313,797 | -€52,588 | -20.1% |
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 13 October 2026 via checked.be.