Lumo Invest: 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 Invest
Largest movements
- Stocks and contracts +€283,842
new in 2025: €283,842
- Cash -€30,771
down €30,771 (-49.6%), from €62,087 to €31,316
mainly Stocks and contracts (-€283,842) and Investment in fixed assets (net) (-€62,885)
- Tangible fixed assets +€28,857
up €28,857 (+4.2%), from €693,097 to €721,954
of which Furniture and vehicles: +€51,238
- Receivables within one year -€22,861
down €22,861 (-89.3%), from €25,586 to €2,726
of which Trade receivables: -€22,611
- Other debts +€256,753
up €256,753 (+421%), from €60,938 to €317,690
- Profit (loss) carried forward -€19,083
down €19,083, from €18,535 to -€548
- Current portion of long-term debt +€11,306
up €11,306 (+50.9%), from €22,221 to €33,527
- Gross operating margin -€63,284
down €63,284 (-46.6%), from €135,930 to €72,646
- Taxes -€22,194
down €22,194 (-99.0%), from €22,412 to €218
- Depreciation +€11,647
up €11,647 (+52.0%), from €22,381 to €34,028
- Financial charges +€7,265
up €7,265 (+38.6%), from €18,798 to €26,063
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 | €789,936 | €1,044,314 | +€254,378 | +32.2% |
| Fixed assets | 21/28 | €693,097 | €721,954 | +€28,857 | +4.2% |
| Tangible fixed assets | 22/27 | €693,097 | €721,954 | +€28,857 | +4.2% |
| Land and buildings | 22 | €693,097 | €670,716 | -€22,381 | -3.2% |
| Furniture and vehicles | 24 | - | €51,238 | +€51,238 | |
| Current assets | 29/58 | €96,839 | €322,360 | +€225,521 | +233% |
| Stocks and contracts in progress | 3 | - | €283,842 | +€283,842 | |
| Stocks | 30/36 | - | €283,842 | +€283,842 | |
| Amounts receivable within one year | 40/41 | €25,586 | €2,726 | -€22,861 | -89.3% |
| Trade receivables | 40 | €22,611 | €0 | -€22,611 | -100% |
| Other amounts receivable | 41 | €2,975 | €2,726 | -€250 | -8.4% |
| Cash at bank and in hand | 54/58 | €62,087 | €31,316 | -€30,771 | -49.6% |
| Deferred charges and accrued income | 490/1 | €9,166 | €4,477 | -€4,689 | -51.2% |
| Total equity and liabilities | 10/49 | €789,936 | €1,044,314 | +€254,378 | +32.2% |
| Equity | 10/15 | €253,420 | €234,337 | -€19,083 | -7.5% |
| Contributions | 10/11 | €111,542 | €111,542 | = | 0.0% |
| Capital | 10 | €111,542 | €111,542 | = | 0.0% |
| Issued capital | 100 | €111,542 | €111,542 | = | 0.0% |
| Reserves | 13 | €123,343 | €123,343 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,302 | €11,302 | = | 0.0% |
| Legal reserve | 130 | €11,302 | €11,302 | = | 0.0% |
| Distributable reserves | 133 | €112,042 | €112,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,535 | -€548 | -€19,083 | |
| Amounts payable | 17/49 | €536,515 | €809,977 | +€273,462 | +51.0% |
| Amounts payable after more than one year | 17 | €427,416 | €436,129 | +€8,713 | +2.0% |
| Financial debts | 170/4 | €427,416 | €436,129 | +€8,713 | +2.0% |
| Amounts payable within one year | 42/48 | €109,099 | €373,848 | +€264,748 | +243% |
| Current portion of amounts payable after more than one year | 42 | €22,221 | €33,527 | +€11,306 | +50.9% |
| Trade debts | 44 | €3,528 | - | -€3,528 | |
| Suppliers | 440/4 | €3,528 | - | -€3,528 | |
| Taxes, remuneration and social security | 45 | €22,412 | €22,630 | +€218 | +1.0% |
| Taxes | 450/3 | €22,412 | €22,630 | +€218 | +1.0% |
| Other amounts payable | 47/48 | €60,938 | €317,690 | +€256,753 | +421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,381 | €34,028 | +€11,647 | +52.0% |
| Other operating charges | 640/8 | €8,909 | €8,508 | -€401 | -4.5% |
| Non-recurring operating charges | 66A | €9,384 | €22,913 | +€13,528 | +144% |
| Gross operating margin | 9900 | €135,930 | €72,646 | -€63,284 | -46.6% |
| Operating profit (loss) | 9901 | €95,256 | €7,198 | -€88,058 | -92.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €18,798 | €26,063 | +€7,265 | +38.6% |
| Recurring financial charges | 65 | €18,798 | €26,063 | +€7,265 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €76,459 | -€18,865 | -€95,324 | |
| Income taxes | 67/77 | €22,412 | €218 | -€22,194 | -99.0% |
| Profit (loss) for the period | 9904 | €54,047 | -€19,083 | -€73,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,047 | -€19,083 | -€73,130 |
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 15 October 2026 via checked.be.