LUNA MED: 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 MED
Largest movements
- Tangible fixed assets +€20,760
up €20,760 (+3.4%), from €606,927 to €627,688
of which Leasing and similar rights: +€87,397
- Receivables within one year -€7,650
down €7,650 (-73.2%), from €10,450 to €2,800
- Debts after one year +€32,886
up €32,886 (+10.0%), from €330,055 to €362,942
- Profit (loss) carried forward -€30,191
down €30,191, from €119 to -€30,072
- Current portion of long-term debt +€8,449
up €8,449 (+17.3%), from €48,884 to €57,333
- Gross operating margin -€19,088
down €19,088 (-21.5%), from €88,700 to €69,612
- Taxes +€18,126
up €18,126 (+704%), from €2,575 to €20,701
- Depreciation -€4,534
down €4,534 (-5.8%), from €77,999 to €73,464
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 | €640,972 | €649,107 | +€8,134 | +1.3% |
| Fixed assets | 21/28 | €606,927 | €627,688 | +€20,760 | +3.4% |
| Tangible fixed assets | 22/27 | €606,927 | €627,688 | +€20,760 | +3.4% |
| Land and buildings | 22 | €368,570 | €349,400 | -€19,170 | -5.2% |
| Plant, machinery and equipment | 23 | €179,875 | €149,242 | -€30,633 | -17.0% |
| Furniture and vehicles | 24 | €36,827 | €27,986 | -€8,841 | -24.0% |
| Leasing and similar rights | 25 | - | €87,397 | +€87,397 | |
| Other tangible fixed assets | 26 | €21,656 | €13,663 | -€7,993 | -36.9% |
| Current assets | 29/58 | €34,045 | €21,419 | -€12,626 | -37.1% |
| Amounts receivable within one year | 40/41 | €10,450 | €2,800 | -€7,650 | -73.2% |
| Other amounts receivable | 41 | €10,450 | €2,800 | -€7,650 | -73.2% |
| Current investments | 50/53 | €9,900 | €9,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,695 | €8,719 | -€4,976 | -36.3% |
| Total equity and liabilities | 10/49 | €640,972 | €649,107 | +€8,134 | +1.3% |
| Equity | 10/15 | €190,919 | €160,728 | -€30,191 | -15.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €165,800 | €165,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,800 | €90,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Own shares acquired | 1312 | €88,300 | €88,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119 | -€30,072 | -€30,191 | |
| Amounts payable | 17/49 | €450,054 | €488,379 | +€38,325 | +8.5% |
| Amounts payable after more than one year | 17 | €330,055 | €362,942 | +€32,886 | +10.0% |
| Financial debts | 170/4 | €330,055 | €362,942 | +€32,886 | +10.0% |
| Amounts payable within one year | 42/48 | €119,998 | €125,437 | +€5,439 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €48,884 | €57,333 | +€8,449 | +17.3% |
| Trade debts | 44 | €269 | €580 | +€310 | +115% |
| Suppliers | 440/4 | €269 | €580 | +€310 | +115% |
| Taxes, remuneration and social security | 45 | €13,500 | €9,475 | -€4,025 | -29.8% |
| Taxes | 450/3 | €13,500 | €9,475 | -€4,025 | -29.8% |
| Other amounts payable | 47/48 | €57,345 | €58,049 | +€704 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,999 | €73,464 | -€4,534 | -5.8% |
| Other operating charges | 640/8 | €1,915 | €1,751 | -€164 | -8.6% |
| Gross operating margin | 9900 | €88,700 | €69,612 | -€19,088 | -21.5% |
| Operating profit (loss) | 9901 | €8,786 | -€5,603 | -€14,389 | |
| Financial income | 75/76B | €24 | €20 | -€3 | -13.7% |
| Recurring financial income | 75 | €24 | €20 | -€3 | -13.7% |
| Financial charges | 65/66B | €4,142 | €3,907 | -€235 | -5.7% |
| Recurring financial charges | 65 | €4,142 | €3,907 | -€235 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €4,668 | -€9,490 | -€14,158 | |
| Income taxes | 67/77 | €2,575 | €20,701 | +€18,126 | +704% |
| Profit (loss) for the period | 9904 | €2,092 | -€30,191 | -€32,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,092 | -€30,191 | -€32,283 |
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 19 October 2026 via checked.be.