LUNA-FISH: 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-FISH
Largest movements
- Cash -€14,218
down €14,218 (-95.1%), from €14,954 to €736
mainly Other debts (-€20,000) and Investment in fixed assets (net) (-€3,102)
- Tangible fixed assets +€2,878
new in 2025: €2,878
- Other debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Trade debts +€11,621
up €11,621 (+50.3%), from €23,107 to €34,728
- Tax, wage and social debts -€2,244
down €2,244 (-33.7%), from €6,657 to €4,413
- Gross operating margin -€21,172
down €21,172 (-97.8%), from €21,657 to €485
- Financial income -€3,302
down €3,302 (-77.4%), from €4,269 to €966
- Financial charges -€265
down €265 (-24.4%), from €1,086 to €821
- Taxes -€257
down €257 (-60.7%), from €424 to €166
- Depreciation +€224
new in 2025: €224
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 | €121,625 | €110,798 | -€10,827 | -8.9% |
| Fixed assets | 21/28 | €1,090 | €3,968 | +€2,878 | +264% |
| Tangible fixed assets | 22/27 | - | €2,878 | +€2,878 | |
| Plant, machinery and equipment | 23 | - | €2,878 | +€2,878 | |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €120,535 | €106,830 | -€13,705 | -11.4% |
| Amounts receivable within one year | 40/41 | €105,581 | €106,093 | +€513 | +0.5% |
| Trade receivables | 40 | €34,229 | €26,377 | -€7,852 | -22.9% |
| Other amounts receivable | 41 | €71,351 | €79,717 | +€8,365 | +11.7% |
| Cash at bank and in hand | 54/58 | €14,954 | €736 | -€14,218 | -95.1% |
| Total equity and liabilities | 10/49 | €121,625 | €110,798 | -€10,827 | -8.9% |
| Equity | 10/15 | €71,861 | €71,657 | -€204 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,861 | €9,657 | -€204 | -2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,661 | €3,457 | -€204 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,764 | €39,141 | -€10,623 | -21.3% |
| Amounts payable within one year | 42/48 | €49,764 | €39,141 | -€10,623 | -21.3% |
| Trade debts | 44 | €23,107 | €34,728 | +€11,621 | +50.3% |
| Suppliers | 440/4 | €23,107 | €34,728 | +€11,621 | +50.3% |
| Taxes, remuneration and social security | 45 | €6,657 | €4,413 | -€2,244 | -33.7% |
| Taxes | 450/3 | €6,657 | €4,413 | -€2,244 | -33.7% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €224 | +€224 | |
| Other operating charges | 640/8 | €226 | €444 | +€218 | +96.5% |
| Gross operating margin | 9900 | €21,657 | €485 | -€21,172 | -97.8% |
| Operating profit (loss) | 9901 | €21,431 | -€183 | -€21,614 | |
| Financial income | 75/76B | €4,269 | €966 | -€3,302 | -77.4% |
| Recurring financial income | 75 | €4,269 | €966 | -€3,302 | -77.4% |
| Financial charges | 65/66B | €1,086 | €821 | -€265 | -24.4% |
| Recurring financial charges | 65 | €1,086 | €821 | -€265 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €24,615 | -€37 | -€24,652 | |
| Income taxes | 67/77 | €424 | €166 | -€257 | -60.7% |
| Profit (loss) for the period | 9904 | €24,191 | -€204 | -€24,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,191 | -€204 | -€24,395 |
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 15 October 2026 via checked.be.