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
- Tangible fixed assets -€50,071
down €50,071 (-22.2%), from €226,000 to €175,929
of which Land and buildings: -€29,643
- Receivables within one year +€37,666
up €37,666 (+60.6%), from €62,153 to €99,819
of which Other amounts receivable: +€36,905
- Cash +€11,497
up €11,497 (+11.6%), from €99,440 to €110,937
mainly Other debts (+€92,032) and Depreciation (+€50,071)
- Other debts +€92,032
new in 2025: €92,032
- Reserves -€61,149
down €61,149 (-22.7%), from €269,453 to €208,304
- Debts after one year -€20,826
down €20,826 (-37.2%), from €55,937 to €35,111
- Tax, wage and social debts -€14,408
down €14,408 (-36.7%), from €39,255 to €24,847
of which Taxes: -€13,633
- Trade debts +€4,438
up €4,438 (+30.5%), from €14,561 to €19,000
- Gross operating margin -€12,211
down €12,211 (-6.6%), from €184,897 to €172,686
- Depreciation +€6,193
up €6,193 (+14.1%), from €43,878 to €50,071
- Taxes -€3,730
down €3,730 (-20.9%), from €17,868 to €14,139
- Financial income +€3,607
up €3,607 (+88.9%), from €4,058 to €7,665
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 | €419,507 | €420,580 | +€1,073 | +0.3% |
| Fixed assets | 21/28 | €226,000 | €175,929 | -€50,071 | -22.2% |
| Tangible fixed assets | 22/27 | €226,000 | €175,929 | -€50,071 | -22.2% |
| Land and buildings | 22 | €150,181 | €120,538 | -€29,643 | -19.7% |
| Plant, machinery and equipment | 23 | €15,020 | €9,583 | -€5,437 | -36.2% |
| Furniture and vehicles | 24 | €60,799 | €45,808 | -€14,992 | -24.7% |
| Current assets | 29/58 | €193,507 | €244,651 | +€51,144 | +26.4% |
| Stocks and contracts in progress | 3 | €25,810 | €28,110 | +€2,300 | +8.9% |
| Stocks | 30/36 | €25,810 | €28,110 | +€2,300 | +8.9% |
| Amounts receivable within one year | 40/41 | €62,153 | €99,819 | +€37,666 | +60.6% |
| Trade receivables | 40 | €2,000 | €2,761 | +€761 | +38.1% |
| Other amounts receivable | 41 | €60,153 | €97,058 | +€36,905 | +61.4% |
| Cash at bank and in hand | 54/58 | €99,440 | €110,937 | +€11,497 | +11.6% |
| Deferred charges and accrued income | 490/1 | €6,104 | €5,784 | -€320 | -5.2% |
| Total equity and liabilities | 10/49 | €419,507 | €420,580 | +€1,073 | +0.3% |
| Equity | 10/15 | €289,913 | €228,764 | -€61,149 | -21.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €269,453 | €208,304 | -€61,149 | -22.7% |
| Distributable reserves | 133 | €269,453 | €208,304 | -€61,149 | -22.7% |
| Amounts payable | 17/49 | €129,594 | €191,816 | +€62,222 | +48.0% |
| Amounts payable after more than one year | 17 | €55,937 | €35,111 | -€20,826 | -37.2% |
| Financial debts | 170/4 | €55,937 | €35,111 | -€20,826 | -37.2% |
| Amounts payable within one year | 42/48 | €73,657 | €156,705 | +€83,048 | +113% |
| Current portion of amounts payable after more than one year | 42 | €19,840 | €20,826 | +€985 | +5.0% |
| Trade debts | 44 | €14,561 | €19,000 | +€4,438 | +30.5% |
| Suppliers | 440/4 | €14,561 | €19,000 | +€4,438 | +30.5% |
| Taxes, remuneration and social security | 45 | €39,255 | €24,847 | -€14,408 | -36.7% |
| Taxes | 450/3 | €24,137 | €10,503 | -€13,633 | -56.5% |
| Remuneration and social security | 454/9 | €15,119 | €14,344 | -€775 | -5.1% |
| Other amounts payable | 47/48 | - | €92,032 | +€92,032 | |
| Non-recurring operating income | 76A | €2,653 | - | -€2,653 | |
| Remuneration, social security and pensions | 62 | €68,984 | €69,689 | +€705 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,878 | €50,071 | +€6,193 | +14.1% |
| Other operating charges | 640/8 | €3,259 | €3,289 | +€30 | +0.9% |
| Gross operating margin | 9900 | €184,897 | €172,686 | -€12,211 | -6.6% |
| Operating profit (loss) | 9901 | €68,775 | €49,636 | -€19,139 | -27.8% |
| Financial income | 75/76B | €4,058 | €7,665 | +€3,607 | +88.9% |
| Recurring financial income | 75 | €4,058 | €7,665 | +€3,607 | +88.9% |
| Financial charges | 65/66B | €7,992 | €6,912 | -€1,080 | -13.5% |
| Recurring financial charges | 65 | €7,992 | €6,912 | -€1,080 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €64,841 | €50,389 | -€14,452 | -22.3% |
| Income taxes | 67/77 | €17,868 | €14,139 | -€3,730 | -20.9% |
| Profit (loss) for the period | 9904 | €46,973 | €36,251 | -€10,722 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,973 | €36,251 | -€10,722 | -22.8% |
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 16 October 2026 via checked.be.