ELLUNA: 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.
ELLUNA
Largest movements
- Current investments +€34,805
up €34,805 (+114.1%), from €30,510 to €65,315
- Tangible fixed assets -€6,828
down €6,828 (-14.1%), from €48,319 to €41,491
of which Furniture and vehicles: -€11,328
- Cash +€3,062
up €3,062 (+12.7%), from €24,028 to €27,090
mainly Other debts (+€38,107) and Net result for the year (+€35,667)
- Other debts +€38,107
up €38,107 (+1558.2%), from €2,446 to €40,552
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Debts after one year -€9,993
down €9,993 (-32.5%), from €30,774 to €20,780
- Reserves -€8,085
down €8,085 (-16.7%), from €48,401 to €40,316
- Trade debts -€3,823
down €3,823 (-94.4%), from €4,050 to €227
- Gross operating margin +€26,539
up €26,539 (+76.8%), from €34,577 to €61,116
- Taxes +€5,214
up €5,214 (+83.1%), from €6,272 to €11,486
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 | €105,049 | €135,985 | +€30,936 | +29.4% |
| Fixed assets | 21/28 | €48,319 | €41,491 | -€6,828 | -14.1% |
| Tangible fixed assets | 22/27 | €48,319 | €41,491 | -€6,828 | -14.1% |
| Plant, machinery and equipment | 23 | €7,705 | €12,204 | +€4,499 | +58.4% |
| Furniture and vehicles | 24 | €40,614 | €29,287 | -€11,328 | -27.9% |
| Current assets | 29/58 | €56,730 | €94,494 | +€37,765 | +66.6% |
| Amounts receivable within one year | 40/41 | €431 | €401 | -€30 | -6.9% |
| Trade receivables | 40 | €181 | €401 | +€220 | +121.1% |
| Other amounts receivable | 41 | €250 | €1 | -€249 | -99.8% |
| Current investments | 50/53 | €30,510 | €65,315 | +€34,805 | +114.1% |
| Cash at bank and in hand | 54/58 | €24,028 | €27,090 | +€3,062 | +12.7% |
| Deferred charges and accrued income | 490/1 | €1,760 | €1,688 | -€73 | -4.1% |
| Total equity and liabilities | 10/49 | €105,049 | €135,985 | +€30,936 | +29.4% |
| Equity | 10/15 | €55,126 | €59,441 | +€4,315 | +7.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €48,401 | €40,316 | -€8,085 | -16.7% |
| Distributable reserves | 133 | €48,401 | €40,316 | -€8,085 | -16.7% |
| Profit (loss) carried forward | 14 | €525 | €525 | = | 0.0% |
| Amounts payable | 17/49 | €49,923 | €76,544 | +€26,622 | +53.3% |
| Amounts payable after more than one year | 17 | €30,774 | €20,780 | -€9,993 | -32.5% |
| Financial debts | 170/4 | €30,774 | €20,780 | -€9,993 | -32.5% |
| Amounts payable within one year | 42/48 | €18,794 | €55,494 | +€36,700 | +195.3% |
| Current portion of amounts payable after more than one year | 42 | €9,738 | €9,993 | +€256 | +2.6% |
| Trade debts | 44 | €4,050 | €227 | -€3,823 | -94.4% |
| Suppliers | 440/4 | €4,050 | €227 | -€3,823 | -94.4% |
| Taxes, remuneration and social security | 45 | €2,560 | €4,721 | +€2,162 | +84.4% |
| Taxes | 450/3 | €2,560 | €4,721 | +€2,162 | +84.4% |
| Other amounts payable | 47/48 | €2,446 | €40,552 | +€38,107 | +1558.2% |
| Accrued charges and deferred income | 492/3 | €355 | €270 | -€85 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,695 | €12,536 | -€158 | -1.2% |
| Other operating charges | 640/8 | €1,111 | €895 | -€215 | -19.4% |
| Gross operating margin | 9900 | €34,577 | €61,116 | +€26,539 | +76.8% |
| Operating profit (loss) | 9901 | €20,772 | €47,684 | +€26,913 | +129.6% |
| Financial income | 75/76B | €0 | €529 | +€529 | +1323625.0% |
| Recurring financial income | 75 | €0 | €529 | +€529 | +1323625.0% |
| Financial charges | 65/66B | €1,348 | €1,061 | -€288 | -21.3% |
| Recurring financial charges | 65 | €1,348 | €1,061 | -€288 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €19,423 | €47,153 | +€27,730 | +142.8% |
| Income taxes | 67/77 | €6,272 | €11,486 | +€5,214 | +83.1% |
| Profit (loss) for the period | 9904 | €13,151 | €35,667 | +€22,516 | +171.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,151 | €35,667 | +€22,516 | +171.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.