LUNA BELGIUM: 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 BELGIUM
Largest movements
- Cash -€4.5m
down €4.5m (-99.6%), from €4.5m to €16,745
mainly Other debts (-€9.4m) and Net result for the year (-€3.7m)
- Other debts -€9.4m
down €9.4m (-99.5%), from €9.4m to €51,171
- Debts after one year +€8.6m
up €8.6m (+19.8%), from €43.5m to €52.2m
- Profit (loss) carried forward -€3.7m
down €3.7m (-718%), from -€514,153 to -€4.2m
- Financial income -€7.7m
down €7.7m (-100%), from €7.7m to €0
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 | €62,481,120 | €58,002,745 | -€4.5m | -7.2% |
| Fixed assets | 21/28 | €57,986,000 | €57,986,000 | = | 0.0% |
| Financial fixed assets | 28 | €57,986,000 | €57,986,000 | = | 0.0% |
| Affiliated companies | 280/1 | €57,986,000 | €57,986,000 | = | 0.0% |
| Participating interests | 280 | €57,986,000 | €57,986,000 | = | 0.0% |
| Current assets | 29/58 | €4,495,120 | €16,745 | -€4.5m | -99.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €4,495,120 | €16,745 | -€4.5m | -99.6% |
| Total equity and liabilities | 10/49 | €62,481,120 | €58,002,745 | -€4.5m | -7.2% |
| Equity | 10/15 | €9,485,847 | €5,795,034 | -€3.7m | -38.9% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€514,153 | -€4,204,966 | -€3.7m | -718% |
| Amounts payable | 17/49 | €52,995,273 | €52,207,711 | -€787,562 | -1.5% |
| Amounts payable after more than one year | 17 | €43,528,668 | €52,150,910 | +€8.6m | +19.8% |
| Financial debts | 170/4 | €43,528,668 | €52,150,910 | +€8.6m | +19.8% |
| Other loans | 174 | €43,528,668 | €52,150,910 | +€8.6m | +19.8% |
| Amounts payable within one year | 42/48 | €9,450,974 | €52,591 | -€9.4m | -99.4% |
| Trade debts | 44 | €7,623 | €1,421 | -€6,203 | -81.4% |
| Suppliers | 440/4 | €7,623 | €1,421 | -€6,203 | -81.4% |
| Other amounts payable | 47/48 | €9,443,351 | €51,171 | -€9.4m | -99.5% |
| Accrued charges and deferred income | 492/3 | €15,631 | €4,210 | -€11,421 | -73.1% |
| Operating charges | 60/66A | €25,687 | €18,126 | -€7,560 | -29.4% |
| Services and other goods | 61 | €25,299 | €17,078 | -€8,221 | -32.5% |
| Other operating charges | 640/8 | €387 | €1,048 | +€661 | +171% |
| Operating profit (loss) | 9901 | -€25,687 | -€18,126 | +€7,560 | +29.4% |
| Financial income | 75/76B | €7,665,100 | €0 | -€7.7m | -100% |
| Recurring financial income | 75 | €7,665,100 | €0 | -€7.7m | -100% |
| Income from financial fixed assets | 750 | €7,665,100 | €0 | -€7.7m | -100% |
| Financial charges | 65/66B | €4,177,480 | €3,672,687 | -€504,793 | -12.1% |
| Recurring financial charges | 65 | €4,177,480 | €3,672,687 | -€504,793 | -12.1% |
| Debt charges | 650 | €4,176,807 | €3,671,941 | -€504,866 | -12.1% |
| Other financial charges | 652/9 | €673 | €746 | +€73 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €3,461,933 | -€3,690,814 | -€7.2m | |
| Profit (loss) for the period | 9904 | €3,461,933 | -€3,690,814 | -€7.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,461,933 | -€3,690,814 | -€7.2m |
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 29 October 2026 via checked.be.