LUNA: 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.
LUNA
Largest movements
- Current investments +€1.5m
new in 2025: €1.5m
- Cash -€1.4m
down €1.4m (-73.5%), from €1.9m to €512,291
mainly Current investments (-€1.5m) and Deferred charges and accrued income (-€200,645)
- Deferred charges and accrued income +€200,645
up €200,645 (+5,703%), from €3,518 to €204,163
- Tangible fixed assets -€91,292
down €91,292 (-5.2%), from €1.8m to €1.7m
of which Land and buildings: -€89,973
- Reserves +€163,130
up €163,130 (+4.5%), from €3.6m to €3.8m
of which Distributable reserves: +€163,130
- Gross operating margin -€369,403
down €369,403 (-52.0%), from €709,762 to €340,359
- Taxes -€123,944
down €123,944 (-63.7%), from €194,724 to €70,780
- Financial income -€18,647
down €18,647 (-100.0%), from €18,651 to €4
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,739,833 | €3,862,732 | +€122,899 | +3.3% |
| Fixed assets | 21/28 | €1,759,788 | €1,668,496 | -€91,292 | -5.2% |
| Tangible fixed assets | 22/27 | €1,759,788 | €1,668,496 | -€91,292 | -5.2% |
| Land and buildings | 22 | €1,755,550 | €1,665,576 | -€89,973 | -5.1% |
| Furniture and vehicles | 24 | €4,238 | €2,920 | -€1,318 | -31.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,980,045 | €2,194,235 | +€214,190 | +10.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €46,667 | €27,781 | -€18,886 | -40.5% |
| Trade receivables | 40 | €34,434 | €0 | -€34,434 | -100% |
| Other amounts receivable | 41 | €12,233 | €27,781 | +€15,548 | +127% |
| Current investments | 50/53 | - | €1,450,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €1,929,860 | €512,291 | -€1.4m | -73.5% |
| Deferred charges and accrued income | 490/1 | €3,518 | €204,163 | +€200,645 | +5,703% |
| Total equity and liabilities | 10/49 | €3,739,833 | €3,862,732 | +€122,899 | +3.3% |
| Equity | 10/15 | €3,634,440 | €3,797,569 | +€163,130 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,622,040 | €3,785,169 | +€163,130 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,620,180 | €3,783,309 | +€163,130 | +4.5% |
| Amounts payable | 17/49 | €105,393 | €65,162 | -€40,231 | -38.2% |
| Amounts payable within one year | 42/48 | €105,393 | €65,040 | -€40,353 | -38.3% |
| Trade debts | 44 | €26,063 | €22,426 | -€3,637 | -14.0% |
| Suppliers | 440/4 | €26,063 | €22,426 | -€3,637 | -14.0% |
| Taxes, remuneration and social security | 45 | €76,644 | €39,174 | -€37,469 | -48.9% |
| Taxes | 450/3 | €76,644 | €39,174 | -€37,469 | -48.9% |
| Other amounts payable | 47/48 | €2,687 | €3,440 | +€753 | +28.0% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,585 | €101,740 | +€1,155 | +1.1% |
| Other operating charges | 640/8 | €4,452 | €4,603 | +€151 | +3.4% |
| Gross operating margin | 9900 | €709,762 | €340,359 | -€369,403 | -52.0% |
| Operating profit (loss) | 9901 | €604,726 | €234,017 | -€370,709 | -61.3% |
| Financial income | 75/76B | €18,651 | €4 | -€18,647 | -100.0% |
| Recurring financial income | 75 | €18,651 | €4 | -€18,647 | -100.0% |
| Financial charges | 65/66B | €201 | €112 | -€89 | -44.3% |
| Recurring financial charges | 65 | €201 | €112 | -€89 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €623,176 | €233,909 | -€389,267 | -62.5% |
| Income taxes | 67/77 | €194,724 | €70,780 | -€123,944 | -63.7% |
| Profit (loss) for the period | 9904 | €428,452 | €163,130 | -€265,323 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €428,452 | €163,130 | -€265,323 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.