Luna Rossa: 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 Rossa
Largest movements
- Cash -€25,284
no longer reported in 2024 (was €25,284)
mainly Trade debts (-€148,624) and Current portion of long-term debt (-€8,726)
- Tangible fixed assets -€22,134
down €22,134 (-12.5%), from €176,997 to €154,863
of which Plant, machinery and equipment: -€19,603
- Stocks and contracts +€6,500
up €6,500 (+113%), from €5,747 to €12,247
- Trade debts -€148,624
down €148,624 (-93.9%), from €158,234 to €9,610
- Debts after one year +€115,200
up €115,200 (+485%), from €23,771 to €138,971
- Current portion of long-term debt -€8,726
no longer reported in 2024 (was €8,726)
- Short-term financial debts +€3,337
new in 2024: €3,337
- Staff costs -€24,718
down €24,718 (-23.4%), from €105,437 to €80,719
- Gross operating margin -€16,579
down €16,579 (-12.9%), from €128,301 to €111,722
- Other operating charges -€3,920
down €3,920 (-81.1%), from €4,831 to €911
- Financial charges +€3,837
up €3,837 (+180%), from €2,135 to €5,971
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,685 | €184,503 | -€40,182 | -17.9% |
| Fixed assets | 21/28 | €192,997 | €170,863 | -€22,134 | -11.5% |
| Tangible fixed assets | 22/27 | €176,997 | €154,863 | -€22,134 | -12.5% |
| Land and buildings | 22 | €14,477 | €12,805 | -€1,672 | -11.6% |
| Plant, machinery and equipment | 23 | €159,157 | €139,554 | -€19,603 | -12.3% |
| Furniture and vehicles | 24 | €3,363 | €2,504 | -€859 | -25.5% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €31,688 | €13,640 | -€18,048 | -57.0% |
| Stocks and contracts in progress | 3 | €5,747 | €12,247 | +€6,500 | +113% |
| Stocks | 30/36 | €5,747 | €12,247 | +€6,500 | +113% |
| Amounts receivable within one year | 40/41 | €198 | - | -€198 | |
| Other amounts receivable | 41 | €198 | - | -€198 | |
| Cash at bank and in hand | 54/58 | €25,284 | - | -€25,284 | |
| Deferred charges and accrued income | 490/1 | €458 | €1,393 | +€935 | +204% |
| Total equity and liabilities | 10/49 | €224,685 | €184,503 | -€40,182 | -17.9% |
| Equity | 10/15 | €20,429 | €20,737 | +€309 | +1.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,571 | -€9,263 | +€309 | +3.2% |
| Amounts payable | 17/49 | €204,257 | €163,765 | -€40,491 | -19.8% |
| Amounts payable after more than one year | 17 | €23,771 | €138,971 | +€115,200 | +485% |
| Financial debts | 170/4 | €23,771 | €138,971 | +€115,200 | +485% |
| Amounts payable within one year | 42/48 | €180,486 | €24,795 | -€155,691 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €8,726 | - | -€8,726 | |
| Financial debts | 43 | - | €3,337 | +€3,337 | |
| Credit institutions | 430/8 | - | €3,337 | +€3,337 | |
| Trade debts | 44 | €158,234 | €9,610 | -€148,624 | -93.9% |
| Suppliers | 440/4 | €158,234 | €9,610 | -€148,624 | -93.9% |
| Taxes, remuneration and social security | 45 | €9,235 | €8,022 | -€1,213 | -13.1% |
| Taxes | 450/3 | €3,283 | €7,519 | +€4,236 | +129% |
| Remuneration and social security | 454/9 | €5,952 | €503 | -€5,449 | -91.6% |
| Other amounts payable | 47/48 | €4,291 | €3,826 | -€465 | -10.8% |
| Remuneration, social security and pensions | 62 | €105,437 | €80,719 | -€24,718 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,904 | €23,704 | +€800 | +3.5% |
| Other operating charges | 640/8 | €4,831 | €911 | -€3,920 | -81.1% |
| Gross operating margin | 9900 | €128,301 | €111,722 | -€16,579 | -12.9% |
| Operating profit (loss) | 9901 | -€4,871 | €6,388 | +€11,259 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Non-recurring financial income | 76B | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,135 | €5,971 | +€3,837 | +180% |
| Recurring financial charges | 65 | €2,135 | €5,971 | +€3,837 | +180% |
| Profit (loss) for the period before taxes | 9903 | -€7,006 | €437 | +€7,443 | |
| Income taxes | 67/77 | - | €128 | +€128 | |
| Profit (loss) for the period | 9904 | -€7,006 | €309 | +€7,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,006 | €309 | +€7,315 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.