LUANJA: 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.
LUANJA
Largest movements
- Cash +€158,933
up €158,933 (+90.0%), from €176,641 to €335,574
mainly Net result for the year (+€123,515) and Trade debts (+€31,398)
- Receivables within one year -€21,195
down €21,195 (-94.5%), from €22,426 to €1,231
of which Trade receivables: -€21,086
- Reserves +€123,515
up €123,515 (+77.0%), from €160,463 to €283,979
- Trade debts +€31,398
up €31,398 (+957.3%), from €3,280 to €34,677
- Tax, wage and social debts -€12,202
down €12,202 (-29.0%), from €42,071 to €29,869
- Debts after one year -€7,113
down €7,113 (-28.4%), from €25,069 to €17,956
- Gross operating margin +€70,224
up €70,224 (+66.6%), from €105,479 to €175,703
- Taxes +€10,155
up €10,155 (+36.0%), from €28,195 to €38,350
- Depreciation +€2,628
up €2,628 (+32.9%), from €7,980 to €10,608
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 | €242,770 | €378,546 | +€135,776 | +55.9% |
| Fixed assets | 21/28 | €43,703 | €41,741 | -€1,962 | -4.5% |
| Tangible fixed assets | 22/27 | €43,703 | €41,741 | -€1,962 | -4.5% |
| Plant, machinery and equipment | 23 | €7,113 | €6,323 | -€789 | -11.1% |
| Furniture and vehicles | 24 | €36,591 | €35,418 | -€1,173 | -3.2% |
| Current assets | 29/58 | €199,067 | €336,805 | +€137,739 | +69.2% |
| Amounts receivable within one year | 40/41 | €22,426 | €1,231 | -€21,195 | -94.5% |
| Trade receivables | 40 | €22,317 | €1,231 | -€21,086 | -94.5% |
| Other amounts receivable | 41 | €109 | - | -€109 | |
| Cash at bank and in hand | 54/58 | €176,641 | €335,574 | +€158,933 | +90.0% |
| Total equity and liabilities | 10/49 | €242,770 | €378,546 | +€135,776 | +55.9% |
| Equity | 10/15 | €165,463 | €288,979 | +€123,515 | +74.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €160,463 | €283,979 | +€123,515 | +77.0% |
| Distributable reserves | 133 | €160,463 | €283,979 | +€123,515 | +77.0% |
| Amounts payable | 17/49 | €77,307 | €89,567 | +€12,261 | +15.9% |
| Amounts payable after more than one year | 17 | €25,069 | €17,956 | -€7,113 | -28.4% |
| Financial debts | 170/4 | €25,069 | €17,956 | -€7,113 | -28.4% |
| Amounts payable within one year | 42/48 | €52,238 | €71,612 | +€19,374 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €6,887 | €7,065 | +€178 | +2.6% |
| Trade debts | 44 | €3,280 | €34,677 | +€31,398 | +957.3% |
| Suppliers | 440/4 | €3,280 | €34,677 | +€31,398 | +957.3% |
| Taxes, remuneration and social security | 45 | €42,071 | €29,869 | -€12,202 | -29.0% |
| Taxes | 450/3 | €42,071 | €29,869 | -€12,202 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,980 | €10,608 | +€2,628 | +32.9% |
| Other operating charges | 640/8 | €1,857 | €1,157 | -€700 | -37.7% |
| Gross operating margin | 9900 | €105,479 | €175,703 | +€70,224 | +66.6% |
| Operating profit (loss) | 9901 | €95,642 | €163,939 | +€68,296 | +71.4% |
| Financial income | 75/76B | €0 | €57 | +€57 | +113620.0% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +113620.0% |
| Financial charges | 65/66B | €1,122 | €2,130 | +€1,009 | +90.0% |
| Recurring financial charges | 65 | €1,122 | €2,130 | +€1,009 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €94,521 | €161,865 | +€67,344 | +71.2% |
| Income taxes | 67/77 | €28,195 | €38,350 | +€10,155 | +36.0% |
| Profit (loss) for the period | 9904 | €66,326 | €123,515 | +€57,189 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,326 | €123,515 | +€57,189 | +86.2% |
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 10 October 2026 via checked.be.