LUNA SUN: 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 SUN
Largest movements
- Receivables within one year +€51,849
up €51,849 (+296%), from €17,522 to €69,372
of which Trade receivables: +€52,741
- Cash +€49,720
up €49,720 (+337%), from €14,760 to €64,480
mainly Net result for the year (+€82,367) and Depreciation (+€25,357)
- Tangible fixed assets -€16,164
down €16,164 (-8.2%), from €196,618 to €180,453
of which Plant, machinery and equipment: -€13,560
- Stocks and contracts -€8,105
down €8,105 (-15.9%), from €50,957 to €42,853
- Profit (loss) carried forward +€82,367
up €82,367 (+58.9%), from -€139,827 to -€57,460
- Tax, wage and social debts +€21,816
up €21,816 (+1,086%), from €2,008 to €23,824
of which Taxes: +€23,303
- Current portion of long-term debt -€16,508
down €16,508 (-63.0%), from €26,215 to €9,708
- Debts after one year -€9,708
down €9,708 (-3.4%), from €281,703 to €271,995
- Gross operating margin +€77,463
up €77,463 (+153%), from €50,481 to €127,944
- Taxes +€9,763
up €9,763 (+2,802%), from €348 to €10,111
- Depreciation -€7,686
down €7,686 (-23.3%), from €33,044 to €25,357
- Financial charges +€2,383
up €2,383 (+58.1%), from €4,102 to €6,485
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 | €279,857 | €359,658 | +€79,801 | +28.5% |
| Fixed assets | 21/28 | €196,618 | €180,453 | -€16,164 | -8.2% |
| Tangible fixed assets | 22/27 | €196,618 | €180,453 | -€16,164 | -8.2% |
| Land and buildings | 22 | €126,754 | €125,377 | -€1,377 | -1.1% |
| Plant, machinery and equipment | 23 | €63,503 | €49,943 | -€13,560 | -21.4% |
| Furniture and vehicles | 24 | €6,361 | €5,134 | -€1,227 | -19.3% |
| Current assets | 29/58 | €83,240 | €179,204 | +€95,965 | +115% |
| Stocks and contracts in progress | 3 | €50,957 | €42,853 | -€8,105 | -15.9% |
| Stocks | 30/36 | €50,957 | €42,853 | -€8,105 | -15.9% |
| Amounts receivable within one year | 40/41 | €17,522 | €69,372 | +€51,849 | +296% |
| Trade receivables | 40 | €16,631 | €69,372 | +€52,741 | +317% |
| Other amounts receivable | 41 | €891 | - | -€891 | |
| Cash at bank and in hand | 54/58 | €14,760 | €64,480 | +€49,720 | +337% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €279,857 | €359,658 | +€79,801 | +28.5% |
| Equity | 10/15 | -€119,827 | -€37,460 | +€82,367 | +68.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,827 | -€57,460 | +€82,367 | +58.9% |
| Amounts payable | 17/49 | €399,684 | €397,118 | -€2,566 | -0.6% |
| Amounts payable after more than one year | 17 | €281,703 | €271,995 | -€9,708 | -3.4% |
| Financial debts | 170/4 | €281,703 | €271,995 | -€9,708 | -3.4% |
| Amounts payable within one year | 42/48 | €117,981 | €125,123 | +€7,141 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €26,215 | €9,708 | -€16,508 | -63.0% |
| Trade debts | 44 | €3,071 | €6,166 | +€3,095 | +101% |
| Suppliers | 440/4 | €3,071 | €6,166 | +€3,095 | +101% |
| Taxes, remuneration and social security | 45 | €2,008 | €23,824 | +€21,816 | +1,086% |
| Taxes | 450/3 | €521 | €23,824 | +€23,303 | +4,470% |
| Remuneration and social security | 454/9 | €1,487 | - | -€1,487 | |
| Other amounts payable | 47/48 | €86,687 | €85,425 | -€1,261 | -1.5% |
| Remuneration, social security and pensions | 62 | €317 | €232 | -€85 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,044 | €25,357 | -€7,686 | -23.3% |
| Other operating charges | 640/8 | €2,913 | €4,034 | +€1,120 | +38.4% |
| Non-recurring operating charges | 66A | €19,805 | - | -€19,805 | |
| Gross operating margin | 9900 | €50,481 | €127,944 | +€77,463 | +153% |
| Operating profit (loss) | 9901 | -€5,598 | €98,321 | +€103,919 | |
| Financial income | 75/76B | €47 | €642 | +€595 | +1,255% |
| Recurring financial income | 75 | €47 | €642 | +€595 | +1,255% |
| Financial charges | 65/66B | €4,102 | €6,485 | +€2,383 | +58.1% |
| Recurring financial charges | 65 | €4,102 | €6,485 | +€2,383 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,652 | €92,478 | +€102,131 | |
| Income taxes | 67/77 | €348 | €10,111 | +€9,763 | +2,802% |
| Profit (loss) for the period | 9904 | -€10,001 | €82,367 | +€92,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,001 | €82,367 | +€92,368 |
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 28 October 2026 via checked.be.