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.
What changed
LUNA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€273,119
2024 · €357,702-€84,583
Equity
€1.8m
2024 · €1.6m+€273,119
Cash
€40,781
2024 · €8,789+€31,991
Balance sheet total
€4.7m
2024 · €4.9m-€216,535
Largest movements
Assets
- Receivables within one year -€108,639
down €108,639 (-36.1%), from €300,735 to €192,096
of which Other amounts receivable: -€114,528
- Tangible fixed assets -€90,613
down €90,613 (-4.2%), from €2.2m to €2.1m
Equity and liabilities
- Debts after one year -€522,106
down €522,106 (-18.0%), from €2.9m to €2.4m
- Reserves +€273,119
up €273,119 (+17.5%), from €1.6m to €1.8m
of which Distributable reserves: +€280,888
Income statement
- Gross operating margin -€152,868
down €152,868 (-27.0%), from €566,992 to €414,125
- Taxes -€44,859
down €44,859 (-33.8%), from €132,605 to €87,746
- Financial income +€18,381
up €18,381 (+14.0%), from €131,619 to €150,000
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
€357,702
Gross operating margin
-€152,868
Staff costs
-€1,412
Depreciation
-€370
Other operating charges
+€3,194
Financial income
+€18,381
Financial charges
+€3,633
Taxes
+€44,859
Result 2025
€273,119
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.
From operations
+€550,711
Investment
€0
Financing
-€518,720
Cash 2024
€8,789
From operations (derived)
+€550,711
Net result for the year
+€273,119
Depreciation
+€90,613
Receivables after one year
+€41,981
Receivables within one year
+€108,639
Deferred charges and accrued income
+€7,295
Provisions
-€1,942
Trade debts
-€7,683
Tax, wage and social debts
-€5,206
Other debts
+€32,601
Accrued charges and deferred income
+€11,296
Financing
-€518,720
Debts after one year
-€522,106
Current portion of long-term debt
+€3,814
Short-term financial debts
-€428
Cash 2025
€40,781
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,948,828 | €4,732,293 | -€216,535 | -4.4% |
| Fixed assets | 21/28 | €4,567,269 | €4,476,657 | -€90,613 | -2.0% |
| Tangible fixed assets | 22/27 | €2,176,548 | €2,085,935 | -€90,613 | -4.2% |
| Land and buildings | 22 | €2,176,548 | €2,085,935 | -€90,613 | -4.2% |
| Financial fixed assets | 28 | €2,390,722 | €2,390,722 | = | 0.0% |
| Current assets | 29/58 | €381,559 | €255,636 | -€125,923 | -33.0% |
| Amounts receivable after more than one year | 29 | €41,981 | €0 | -€41,981 | -100.0% |
| Other amounts receivable | 291 | €41,981 | €0 | -€41,981 | -100.0% |
| Amounts receivable within one year | 40/41 | €300,735 | €192,096 | -€108,639 | -36.1% |
| Trade receivables | 40 | €44,405 | €50,295 | +€5,889 | +13.3% |
| Other amounts receivable | 41 | €256,330 | €141,801 | -€114,528 | -44.7% |
| Cash at bank and in hand | 54/58 | €8,789 | €40,781 | +€31,991 | +364.0% |
| Deferred charges and accrued income | 490/1 | €30,054 | €22,759 | -€7,295 | -24.3% |
| Total equity and liabilities | 10/49 | €4,948,828 | €4,732,293 | -€216,535 | -4.4% |
| Equity | 10/15 | €1,567,436 | €1,840,555 | +€273,119 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,562,436 | €1,835,555 | +€273,119 | +17.5% |
| Tax-exempt reserves | 132 | €135,903 | €128,134 | -€7,769 | -5.7% |
| Distributable reserves | 133 | €1,426,533 | €1,707,422 | +€280,888 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €33,976 | €32,033 | -€1,942 | -5.7% |
| Deferred taxes | 168 | €33,976 | €32,033 | -€1,942 | -5.7% |
| Amounts payable | 17/49 | €3,347,417 | €2,859,704 | -€487,713 | -14.6% |
| Amounts payable after more than one year | 17 | €2,902,591 | €2,380,485 | -€522,106 | -18.0% |
| Financial debts | 170/4 | €2,902,591 | €2,380,485 | -€522,106 | -18.0% |
| Amounts payable within one year | 42/48 | €434,111 | €457,208 | +€23,098 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €151,964 | €155,777 | +€3,814 | +2.5% |
| Financial debts | 43 | €3,667 | €3,239 | -€428 | -11.7% |
| Credit institutions | 430/8 | €3,667 | €3,239 | -€428 | -11.7% |
| Trade debts | 44 | €19,065 | €11,383 | -€7,683 | -40.3% |
| Suppliers | 440/4 | €19,065 | €11,383 | -€7,683 | -40.3% |
| Taxes, remuneration and social security | 45 | €92,934 | €87,728 | -€5,206 | -5.6% |
| Taxes | 450/3 | €81,210 | €81,456 | +€246 | +0.3% |
| Remuneration and social security | 454/9 | €11,723 | €6,271 | -€5,452 | -46.5% |
| Other amounts payable | 47/48 | €166,481 | €199,082 | +€32,601 | +19.6% |
| Accrued charges and deferred income | 492/3 | €10,715 | €22,011 | +€11,296 | +105.4% |
| Remuneration, social security and pensions | 62 | €47,217 | €48,629 | +€1,412 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,242 | €90,613 | +€370 | +0.4% |
| Other operating charges | 640/8 | €7,774 | €4,580 | -€3,194 | -41.1% |
| Gross operating margin | 9900 | €566,992 | €414,125 | -€152,868 | -27.0% |
| Operating profit (loss) | 9901 | €421,759 | €270,303 | -€151,456 | -35.9% |
| Financial income | 75/76B | €131,619 | €150,000 | +€18,381 | +14.0% |
| Recurring financial income | 75 | €131,619 | €150,000 | +€18,381 | +14.0% |
| Financial charges | 65/66B | €65,013 | €61,380 | -€3,633 | -5.6% |
| Recurring financial charges | 65 | €65,013 | €61,380 | -€3,633 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €488,365 | €358,923 | -€129,442 | -26.5% |
| Transfer from deferred taxes | 780 | €1,942 | €1,942 | -€0 | 0.0% |
| Income taxes | 67/77 | €132,605 | €87,746 | -€44,859 | -33.8% |
| Profit (loss) for the period | 9904 | €357,702 | €273,119 | -€84,583 | -23.6% |
| Transfer from tax-exempt reserves | 789 | €7,769 | €7,769 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €365,471 | €280,888 | -€84,583 | -23.1% |
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.