LUMMEN: 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.
What changed
LUMMEN
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,261
2024 · -€3,677+€1,416
Equity
€51,162
2024 · €53,423-€2,261
Cash
€27,552
2024 · €30,789-€3,236
Balance sheet total
€16.6m
2024 · €6.3m+€10.3m
Largest movements
Assets
- Stocks and contracts +€10.4m
up €10.4m (+169%), from €6.1m to €16.5m
Equity and liabilities
- Debts after one year +€9.9m
up €9.9m (+183%), from €5.4m to €15.4m
- Trade debts +€375,208
up €375,208 (+49.5%), from €758,134 to €1.1m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€3,677
Other operating items
+€1,482
Financial charges
-€66
Result 2025
-€2,261
lowers the resultnot broken down further in the accounts
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.
From operations
-€9.9m
Investment
€0
Financing
+€9.9m
Cash 2024
€30,789
From operations (derived)
-€9.9m
Net result for the year
-€2,261
Stocks and contracts
-€10.4m
Smaller working-capital items
+€44,516
Trade debts
+€375,208
Financing
+€9.9m
Debts after one year
+€9.9m
Cash 2025
€27,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,263,520 | €16,588,828 | +€10.3m | +165% |
| Current assets | 29/58 | €6,263,520 | €16,588,828 | +€10.3m | +165% |
| Stocks and contracts in progress | 3 | €6,112,504 | €16,462,935 | +€10.4m | +169% |
| Stocks | 30/36 | €6,112,504 | €16,462,935 | +€10.4m | +169% |
| Property held for sale | 35 | €6,112,504 | €16,462,935 | +€10.4m | +169% |
| Amounts receivable within one year | 40/41 | €35,086 | €17,416 | -€17,669 | -50.4% |
| Trade receivables | 40 | €2,506 | €0 | -€2,506 | -100% |
| Other amounts receivable | 41 | €32,580 | €17,416 | -€15,163 | -46.5% |
| Cash at bank and in hand | 54/58 | €30,789 | €27,552 | -€3,236 | -10.5% |
| Deferred charges and accrued income | 490/1 | €85,141 | €80,925 | -€4,216 | -5.0% |
| Total equity and liabilities | 10/49 | €6,263,520 | €16,588,828 | +€10.3m | +165% |
| Equity | 10/15 | €53,423 | €51,162 | -€2,261 | -4.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,577 | -€10,838 | -€2,261 | -26.4% |
| Amounts payable | 17/49 | €6,210,097 | €16,537,666 | +€10.3m | +166% |
| Amounts payable after more than one year | 17 | €5,427,560 | €15,357,291 | +€9.9m | +183% |
| Financial debts | 170/4 | €5,427,560 | €15,357,291 | +€9.9m | +183% |
| Subordinated loans | 170 | €5,427,560 | €5,773,424 | +€345,864 | +6.4% |
| Credit institutions | 173 | - | €9,583,867 | +€9.6m | |
| Amounts payable within one year | 42/48 | €758,134 | €1,133,341 | +€375,208 | +49.5% |
| Trade debts | 44 | €758,134 | €1,133,341 | +€375,208 | +49.5% |
| Suppliers | 440/4 | €758,134 | €1,133,341 | +€375,208 | +49.5% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €24,403 | €47,033 | +€22,630 | +92.7% |
| Operating income | 70/76A | €4,546 | €4,911 | +€365 | +8.0% |
| Other operating income | 74 | €4,546 | €4,911 | +€365 | +8.0% |
| Operating charges | 60/66A | €7,399 | €6,281 | -€1,117 | -15.1% |
| Goods for resale, raw materials and consumables | 60 | €0 | €0 | = | |
| Purchases | 600/8 | €1,734,405 | €9,777,481 | +€8.0m | +464% |
| Change in stocks: decrease (increase) | 609 | -€1,734,405 | -€9,777,481 | -€8.0m | -464% |
| Services and other goods | 61 | €7,399 | €6,281 | -€1,117 | -15.1% |
| Other operating charges | 640/8 | €0 | €0 | = | |
| Operating profit (loss) | 9901 | -€2,853 | -€1,371 | +€1,482 | +52.0% |
| Financial charges | 65/66B | €824 | €890 | +€66 | +8.0% |
| Recurring financial charges | 65 | €824 | €890 | +€66 | +8.0% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €824 | €890 | +€66 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,677 | -€2,261 | +€1,416 | +38.5% |
| Profit (loss) for the period | 9904 | -€3,677 | -€2,261 | +€1,416 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,677 | -€2,261 | +€1,416 | +38.5% |
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 21 October 2026 via checked.be.