Luna: 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.
Luna
Largest movements
- Receivables within one year +€262,612
up €262,612 (+221.8%), from €118,410 to €381,022
of which Trade receivables: +€152,026
- Cash -€170,041
down €170,041 (-73.9%), from €230,041 to €60,000
mainly Receivables within one year (-€262,612) and Debts after one year (-€24,915)
- Tangible fixed assets -€40,870
down €40,870 (-86.0%), from €47,511 to €6,641
of which Furniture and vehicles: -€39,240
- Deferred charges and accrued income +€8,899
up €8,899 (+168.9%), from €5,268 to €14,168
- Stocks and contracts -€4,812
down €4,812 (-74.4%), from €6,467 to €1,655
- Trade debts +€51,464
up €51,464 (+186.2%), from €27,642 to €79,107
- Reserves +€31,687
up €31,687 (+59.0%), from €53,731 to €85,418
of which Distributable reserves: +€31,687
- Debts after one year -€24,915
no longer reported in 2025 (was €24,915)
- Tax, wage and social debts +€20,173
up €20,173 (+66.0%), from €30,572 to €50,745
of which Taxes: +€13,199
- Profit (loss) carried forward -€16,683
no longer reported in 2025 (was €16,683)
- Staff costs -€40,355
down €40,355 (-12.9%), from €313,650 to €273,295
- Gross operating margin -€26,442
down €26,442 (-7.7%), from €344,057 to €317,614
- Depreciation -€8,257
down €8,257 (-52.7%), from €15,658 to €7,400
- Taxes +€4,059
up €4,059 (+47.0%), from €8,630 to €12,689
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 | €407,771 | €463,560 | +€55,789 | +13.7% |
| Fixed assets | 21/28 | €47,585 | €6,715 | -€40,870 | -85.9% |
| Tangible fixed assets | 22/27 | €47,511 | €6,641 | -€40,870 | -86.0% |
| Plant, machinery and equipment | 23 | €7,334 | €5,704 | -€1,630 | -22.2% |
| Furniture and vehicles | 24 | €40,176 | €936 | -€39,240 | -97.7% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €360,186 | €456,845 | +€96,659 | +26.8% |
| Stocks and contracts in progress | 3 | €6,467 | €1,655 | -€4,812 | -74.4% |
| Contracts in progress | 37 | €6,467 | €1,655 | -€4,812 | -74.4% |
| Amounts receivable within one year | 40/41 | €118,410 | €381,022 | +€262,612 | +221.8% |
| Trade receivables | 40 | €78,996 | €231,022 | +€152,026 | +192.4% |
| Other amounts receivable | 41 | €39,414 | €150,000 | +€110,586 | +280.6% |
| Cash at bank and in hand | 54/58 | €230,041 | €60,000 | -€170,041 | -73.9% |
| Deferred charges and accrued income | 490/1 | €5,268 | €14,168 | +€8,899 | +168.9% |
| Total equity and liabilities | 10/49 | €407,771 | €463,560 | +€55,789 | +13.7% |
| Equity | 10/15 | €311,139 | €326,143 | +€15,005 | +4.8% |
| Contributions | 10/11 | €240,725 | €240,725 | = | 0.0% |
| Capital | 10 | €240,725 | €240,725 | = | 0.0% |
| Issued capital | 100 | €240,725 | €240,725 | = | 0.0% |
| Reserves | 13 | €53,731 | €85,418 | +€31,687 | +59.0% |
| Non-distributable reserves | 130/1 | €25,100 | €25,100 | = | 0.0% |
| Legal reserve | 130 | €25,100 | €25,100 | = | 0.0% |
| Distributable reserves | 133 | €28,631 | €60,318 | +€31,687 | +110.7% |
| Profit (loss) carried forward | 14 | €16,683 | - | -€16,683 | |
| Amounts payable | 17/49 | €96,632 | €137,416 | +€40,784 | +42.2% |
| Amounts payable after more than one year | 17 | €24,915 | - | -€24,915 | |
| Financial debts | 170/4 | €24,915 | - | -€24,915 | |
| Amounts payable within one year | 42/48 | €70,971 | €129,852 | +€58,880 | +83.0% |
| Current portion of amounts payable after more than one year | 42 | €12,607 | - | -€12,607 | |
| Trade debts | 44 | €27,642 | €79,107 | +€51,464 | +186.2% |
| Suppliers | 440/4 | €27,642 | €79,107 | +€51,464 | +186.2% |
| Taxes, remuneration and social security | 45 | €30,572 | €50,745 | +€20,173 | +66.0% |
| Taxes | 450/3 | €14,725 | €27,925 | +€13,199 | +89.6% |
| Remuneration and social security | 454/9 | €15,847 | €22,820 | +€6,973 | +44.0% |
| Other amounts payable | 47/48 | €150 | - | -€150 | |
| Accrued charges and deferred income | 492/3 | €746 | €7,565 | +€6,819 | +914.0% |
| Remuneration, social security and pensions | 62 | €313,650 | €273,295 | -€40,355 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,658 | €7,400 | -€8,257 | -52.7% |
| Other operating charges | 640/8 | €6,062 | €8,588 | +€2,526 | +41.7% |
| Gross operating margin | 9900 | €344,057 | €317,614 | -€26,442 | -7.7% |
| Operating profit (loss) | 9901 | €8,687 | €28,332 | +€19,644 | +226.1% |
| Financial income | 75/76B | €597 | €1,071 | +€474 | +79.4% |
| Recurring financial income | 75 | €597 | €1,071 | +€474 | +79.4% |
| Financial charges | 65/66B | €1,396 | €1,709 | +€313 | +22.5% |
| Recurring financial charges | 65 | €776 | €1,709 | +€933 | +120.4% |
| Non-recurring financial charges | 66B | €620 | - | -€620 | |
| Profit (loss) for the period before taxes | 9903 | €7,889 | €27,693 | +€19,805 | +251.1% |
| Income taxes | 67/77 | €8,630 | €12,689 | +€4,059 | +47.0% |
| Profit (loss) for the period | 9904 | -€741 | €15,005 | +€15,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€741 | €15,005 | +€15,746 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.