LUNA'S BIKES: 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'S BIKES
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-16.7%), from €180,000 to €150,000
- Cash +€22,791
up €22,791 (+72.3%), from €31,538 to €54,328
mainly Depreciation (+€53,960) and Net result for the year (+€25,560)
- Tangible fixed assets -€22,166
down €22,166 (-28.1%), from €78,949 to €56,784
of which Furniture and vehicles: -€11,495
- Stocks and contracts -€13,992
down €13,992 (-7.1%), from €196,482 to €182,491
- Debts after one year -€37,305
down €37,305 (-21.6%), from €172,848 to €135,543
- Profit (loss) carried forward +€25,560
up €25,560 (+21.7%), from €117,613 to €143,173
- Short-term financial debts -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Tax, wage and social debts -€10,858
down €10,858 (-61.7%), from €17,598 to €6,741
of which Taxes: -€10,858
- Trade debts +€5,692
up €5,692 (+138%), from €4,114 to €9,805
- Gross operating margin +€11,886
up €11,886 (+13.5%), from €88,083 to €99,970
- Staff costs -€2,733
down €2,733 (-43.1%), from €6,334 to €3,601
- Taxes +€2,681
up €2,681 (+59.6%), from €4,501 to €7,182
- Financial charges -€2,422
down €2,422 (-21.7%), from €11,138 to €8,716
- Depreciation +€1,332
up €1,332 (+2.5%), from €52,628 to €53,960
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 | €503,328 | €460,320 | -€43,008 | -8.5% |
| Fixed assets | 21/28 | €259,449 | €207,284 | -€52,166 | -20.1% |
| Intangible fixed assets | 21 | €180,000 | €150,000 | -€30,000 | -16.7% |
| Tangible fixed assets | 22/27 | €78,949 | €56,784 | -€22,166 | -28.1% |
| Plant, machinery and equipment | 23 | €9,335 | €4,535 | -€4,800 | -51.4% |
| Furniture and vehicles | 24 | €44,721 | €33,226 | -€11,495 | -25.7% |
| Other tangible fixed assets | 26 | €24,894 | €19,023 | -€5,871 | -23.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €243,879 | €253,037 | +€9,158 | +3.8% |
| Stocks and contracts in progress | 3 | €196,482 | €182,491 | -€13,992 | -7.1% |
| Stocks | 30/36 | €196,482 | €182,491 | -€13,992 | -7.1% |
| Amounts receivable within one year | 40/41 | €13,060 | €13,599 | +€539 | +4.1% |
| Trade receivables | 40 | €335 | €281 | -€54 | -16.1% |
| Other amounts receivable | 41 | €12,725 | €13,318 | +€593 | +4.7% |
| Cash at bank and in hand | 54/58 | €31,538 | €54,328 | +€22,791 | +72.3% |
| Deferred charges and accrued income | 490/1 | €2,799 | €2,619 | -€180 | -6.4% |
| Total equity and liabilities | 10/49 | €503,328 | €460,320 | -€43,008 | -8.5% |
| Equity | 10/15 | €137,613 | €163,173 | +€25,560 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,613 | €143,173 | +€25,560 | +21.7% |
| Amounts payable | 17/49 | €365,715 | €297,147 | -€68,568 | -18.7% |
| Amounts payable after more than one year | 17 | €172,848 | €135,543 | -€37,305 | -21.6% |
| Financial debts | 170/4 | €172,848 | €135,543 | -€37,305 | -21.6% |
| Amounts payable within one year | 42/48 | €192,867 | €161,604 | -€31,263 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €41,430 | €37,305 | -€4,125 | -10.0% |
| Financial debts | 43 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Credit institutions | 430/8 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Trade debts | 44 | €4,114 | €9,805 | +€5,692 | +138% |
| Suppliers | 440/4 | €4,114 | €9,805 | +€5,692 | +138% |
| Taxes, remuneration and social security | 45 | €17,598 | €6,741 | -€10,858 | -61.7% |
| Taxes | 450/3 | €17,598 | €6,741 | -€10,858 | -61.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,725 | €27,753 | -€1,972 | -6.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,334 | €3,601 | -€2,733 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,628 | €53,960 | +€1,332 | +2.5% |
| Other operating charges | 640/8 | €1,316 | €1,199 | -€118 | -8.9% |
| Gross operating margin | 9900 | €88,083 | €99,970 | +€11,886 | +13.5% |
| Operating profit (loss) | 9901 | €27,805 | €41,211 | +€13,405 | +48.2% |
| Financial income | 75/76B | €428 | €247 | -€181 | -42.2% |
| Recurring financial income | 75 | €428 | €247 | -€181 | -42.2% |
| Financial charges | 65/66B | €11,138 | €8,716 | -€2,422 | -21.7% |
| Recurring financial charges | 65 | €11,138 | €8,716 | -€2,422 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €17,096 | €32,742 | +€15,647 | +91.5% |
| Income taxes | 67/77 | €4,501 | €7,182 | +€2,681 | +59.6% |
| Profit (loss) for the period | 9904 | €12,595 | €25,560 | +€12,966 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €12,595 | €25,560 | +€12,966 | +103% |
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 31 October 2026 via checked.be.