LUMUMAR: 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.
LUMUMAR
Largest movements
- Cash -€32,214
down €32,214 (-15.7%), from €205,402 to €173,188
mainly Investment in fixed assets (net) (-€23,202) and Contributions, distributions and other (-€20,887)
- Tangible fixed assets +€10,280
up €10,280 (+3.2%), from €320,529 to €330,809
of which Furniture and vehicles: +€18,867
- Current investments +€7,213
new in 2025: €7,213
- Receivables within one year -€5,647
down €5,647 (-25.0%), from €22,584 to €16,937
of which Other amounts receivable: -€6,236
- Reserves -€20,887
down €20,887 (-13.7%), from €152,055 to €131,168
of which Distributable reserves: -€20,887
- Other debts -€6,609
down €6,609 (-68.4%), from €9,665 to €3,056
- Gross operating margin -€95,515
down €95,515 (-73.3%), from €130,297 to €34,782
- Depreciation +€4,902
up €4,902 (+61.1%), from €8,020 to €12,922
- Financial charges -€1,361
down €1,361 (-9.3%), from €14,581 to €13,220
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 | €549,570 | €529,536 | -€20,034 | -3.6% |
| Fixed assets | 21/28 | €320,529 | €330,809 | +€10,280 | +3.2% |
| Tangible fixed assets | 22/27 | €320,529 | €330,809 | +€10,280 | +3.2% |
| Land and buildings | 22 | €306,898 | €300,380 | -€6,518 | -2.1% |
| Plant, machinery and equipment | 23 | €10,751 | €8,682 | -€2,069 | -19.2% |
| Furniture and vehicles | 24 | €0 | €18,867 | +€18,867 | |
| Other tangible fixed assets | 26 | €2,880 | €2,880 | = | 0.0% |
| Current assets | 29/58 | €229,041 | €198,727 | -€30,314 | -13.2% |
| Amounts receivable within one year | 40/41 | €22,584 | €16,937 | -€5,647 | -25.0% |
| Trade receivables | 40 | €8,689 | €9,278 | +€589 | +6.8% |
| Other amounts receivable | 41 | €13,895 | €7,659 | -€6,236 | -44.9% |
| Current investments | 50/53 | - | €7,213 | +€7,213 | |
| Cash at bank and in hand | 54/58 | €205,402 | €173,188 | -€32,214 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,389 | +€334 | +31.7% |
| Total equity and liabilities | 10/49 | €549,570 | €529,536 | -€20,034 | -3.6% |
| Equity | 10/15 | €167,478 | €150,076 | -€17,402 | -10.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152,055 | €131,168 | -€20,887 | -13.7% |
| Tax-exempt reserves | 132 | €130,331 | €130,331 | = | 0.0% |
| Distributable reserves | 133 | €21,724 | €837 | -€20,887 | -96.1% |
| Profit (loss) carried forward | 14 | -€4,577 | -€1,092 | +€3,485 | +76.1% |
| Provisions and deferred taxes | 16 | €43,444 | €43,444 | = | 0.0% |
| Deferred taxes | 168 | €43,444 | €43,444 | = | 0.0% |
| Amounts payable | 17/49 | €338,648 | €336,016 | -€2,632 | -0.8% |
| Amounts payable after more than one year | 17 | €303,897 | €304,913 | +€1,016 | +0.3% |
| Financial debts | 170/4 | €303,897 | €304,913 | +€1,016 | +0.3% |
| Amounts payable within one year | 42/48 | €29,894 | €27,758 | -€2,136 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €15,483 | €18,259 | +€2,776 | +17.9% |
| Trade debts | 44 | €3,788 | €638 | -€3,150 | -83.2% |
| Suppliers | 440/4 | €3,788 | €638 | -€3,150 | -83.2% |
| Taxes, remuneration and social security | 45 | €958 | €5,805 | +€4,847 | +505.9% |
| Taxes | 450/3 | €114 | €4,472 | +€4,358 | +3822.8% |
| Remuneration and social security | 454/9 | €844 | €1,333 | +€489 | +57.9% |
| Other amounts payable | 47/48 | €9,665 | €3,056 | -€6,609 | -68.4% |
| Accrued charges and deferred income | 492/3 | €4,857 | €3,345 | -€1,512 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,020 | €12,922 | +€4,902 | +61.1% |
| Other operating charges | 640/8 | €3,680 | €4,011 | +€331 | +9.0% |
| Non-recurring operating charges | 66A | €34,223 | - | -€34,223 | |
| Gross operating margin | 9900 | €130,297 | €34,782 | -€95,515 | -73.3% |
| Operating profit (loss) | 9901 | €84,374 | €17,849 | -€66,525 | -78.8% |
| Financial income | 75/76B | €544 | €1,203 | +€659 | +121.1% |
| Recurring financial income | 75 | €544 | €1,203 | +€659 | +121.1% |
| Financial charges | 65/66B | €14,581 | €13,220 | -€1,361 | -9.3% |
| Recurring financial charges | 65 | €14,581 | €13,220 | -€1,361 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €70,337 | €5,832 | -€64,505 | -91.7% |
| Transfer from deferred taxes | 780 | €5,860 | - | -€5,860 | |
| Transfer to deferred taxes | 680 | €11,714 | - | -€11,714 | |
| Income taxes | 67/77 | €1,105 | €2,347 | +€1,242 | +112.4% |
| Profit (loss) for the period | 9904 | €63,378 | €3,485 | -€59,893 | -94.5% |
| Transfer from tax-exempt reserves | 789 | €17,581 | - | -€17,581 | |
| Transfer to tax-exempt reserves | 689 | €35,141 | - | -€35,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,818 | €3,485 | -€42,333 | -92.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.