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 -€39,848
down €39,848 (-16.1%), from €246,967 to €207,119
of which Other amounts receivable: -€36,904
- Cash +€2,887
up €2,887 (+45.6%), from €6,336 to €9,223
mainly Receivables within one year (+€39,848) and Net result for the year (+€21,015)
- Other debts -€23,204
down €23,204 (-47.0%), from €49,400 to €26,196
- Trade debts -€7,949
down €7,949 (-100.0%), from €7,949 to €0
- Tax, wage and social debts -€5,576
down €5,576 (-60.5%), from €9,218 to €3,642
- Reserves -€5,181
down €5,181 (-3.2%), from €163,922 to €158,740
- Current portion of long-term debt +€4,474
up €4,474 (+113.4%), from €3,945 to €8,419
- Financial income -€12,707
down €12,707 (-99.5%), from €12,765 to €58
- Gross operating margin -€6,487
down €6,487 (-16.2%), from €40,020 to €33,533
- Taxes -€4,490
down €4,490 (-35.5%), from €12,644 to €8,154
- Depreciation -€1,400
down €1,400 (-86.0%), from €1,629 to €229
- Financial charges -€1,171
down €1,171 (-23.4%), from €5,016 to €3,844
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 | €254,894 | €217,457 | -€37,437 | -14.7% |
| Fixed assets | 21/28 | €488 | €259 | -€229 | -46.9% |
| Tangible fixed assets | 22/27 | €238 | €9 | -€229 | -96.1% |
| Plant, machinery and equipment | 23 | €238 | €9 | -€229 | -96.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €254,406 | €217,198 | -€37,208 | -14.6% |
| Amounts receivable within one year | 40/41 | €246,967 | €207,119 | -€39,848 | -16.1% |
| Trade receivables | 40 | €23,510 | €20,567 | -€2,943 | -12.5% |
| Other amounts receivable | 41 | €223,457 | €186,552 | -€36,904 | -16.5% |
| Cash at bank and in hand | 54/58 | €6,336 | €9,223 | +€2,887 | +45.6% |
| Deferred charges and accrued income | 490/1 | €1,104 | €856 | -€247 | -22.4% |
| Total equity and liabilities | 10/49 | €254,894 | €217,457 | -€37,437 | -14.7% |
| Equity | 10/15 | €184,382 | €179,200 | -€5,181 | -2.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €163,922 | €158,740 | -€5,181 | -3.2% |
| Distributable reserves | 133 | €163,922 | €158,740 | -€5,181 | -3.2% |
| Amounts payable | 17/49 | €70,513 | €38,257 | -€32,256 | -45.7% |
| Amounts payable within one year | 42/48 | €70,513 | €38,257 | -€32,256 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €3,945 | €8,419 | +€4,474 | +113.4% |
| Trade debts | 44 | €7,949 | €0 | -€7,949 | -100.0% |
| Suppliers | 440/4 | €7,949 | €0 | -€7,949 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,218 | €3,642 | -€5,576 | -60.5% |
| Taxes | 450/3 | €9,218 | €3,642 | -€5,576 | -60.5% |
| Other amounts payable | 47/48 | €49,400 | €26,196 | -€23,204 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,629 | €229 | -€1,400 | -86.0% |
| Other operating charges | 640/8 | €519 | €349 | -€170 | -32.7% |
| Gross operating margin | 9900 | €40,020 | €33,533 | -€6,487 | -16.2% |
| Operating profit (loss) | 9901 | €37,872 | €32,955 | -€4,917 | -13.0% |
| Financial income | 75/76B | €12,765 | €58 | -€12,707 | -99.5% |
| Recurring financial income | 75 | €12,765 | €58 | -€12,707 | -99.5% |
| Financial charges | 65/66B | €5,016 | €3,844 | -€1,171 | -23.4% |
| Recurring financial charges | 65 | €5,016 | €3,844 | -€1,171 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €45,621 | €29,169 | -€16,452 | -36.1% |
| Income taxes | 67/77 | €12,644 | €8,154 | -€4,490 | -35.5% |
| Profit (loss) for the period | 9904 | €32,977 | €21,015 | -€11,962 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,977 | €21,015 | -€11,962 | -36.3% |
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 6 October 2026 via checked.be.