LUNA VENTURES: 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 VENTURES
Largest movements
- Receivables within one year +€14,598
up €14,598 (+85.6%), from €17,051 to €31,649
of which Trade receivables: +€16,434
- Other debts +€34,006
up €34,006 (+40.6%), from €83,829 to €117,835
- Reserves -€19,526
down €19,526 (-46.2%), from €42,235 to €22,708
- Tax, wage and social debts -€3,753
down €3,753 (-34.2%), from €10,974 to €7,221
- Trade debts +€2,064
up €2,064 (+109.8%), from €1,880 to €3,944
- Gross operating margin -€10,351
down €10,351 (-10.3%), from €100,927 to €90,576
- Taxes -€2,632
down €2,632 (-12.4%), from €21,282 to €18,650
- Financial income -€1,485
down €1,485 (-100.0%), from €1,485 to €0
- Depreciation -€1,161
down €1,161 (-52.4%), from €2,217 to €1,055
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.
Cash bridge derived
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 | €157,517 | €170,308 | +€12,791 | +8.1% |
| Fixed assets | 21/28 | €3,093 | €2,038 | -€1,055 | -34.1% |
| Tangible fixed assets | 22/27 | €3,093 | €2,038 | -€1,055 | -34.1% |
| Furniture and vehicles | 24 | €3,093 | €2,038 | -€1,055 | -34.1% |
| Current assets | 29/58 | €154,424 | €168,270 | +€13,846 | +9.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,051 | €31,649 | +€14,598 | +85.6% |
| Trade receivables | 40 | €14,348 | €30,782 | +€16,434 | +114.5% |
| Other amounts receivable | 41 | €2,703 | €867 | -€1,836 | -67.9% |
| Cash at bank and in hand | 54/58 | €136,150 | €135,699 | -€451 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,223 | €922 | -€301 | -24.6% |
| Total equity and liabilities | 10/49 | €157,517 | €170,308 | +€12,791 | +8.1% |
| Equity | 10/15 | €60,835 | €41,308 | -€19,526 | -32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,235 | €22,708 | -€19,526 | -46.2% |
| Distributable reserves | 133 | €42,235 | €22,708 | -€19,526 | -46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,683 | €129,000 | +€32,317 | +33.4% |
| Amounts payable within one year | 42/48 | €96,683 | €129,000 | +€32,317 | +33.4% |
| Trade debts | 44 | €1,880 | €3,944 | +€2,064 | +109.8% |
| Suppliers | 440/4 | €1,880 | €3,944 | +€2,064 | +109.8% |
| Taxes, remuneration and social security | 45 | €10,974 | €7,221 | -€3,753 | -34.2% |
| Taxes | 450/3 | €10,974 | €7,221 | -€3,753 | -34.2% |
| Other amounts payable | 47/48 | €83,829 | €117,835 | +€34,006 | +40.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | €1,055 | -€1,161 | -52.4% |
| Other operating charges | 640/8 | €1,087 | €1,016 | -€71 | -6.5% |
| Gross operating margin | 9900 | €100,927 | €90,576 | -€10,351 | -10.3% |
| Operating profit (loss) | 9901 | €97,623 | €88,505 | -€9,118 | -9.3% |
| Financial income | 75/76B | €1,485 | €0 | -€1,485 | -100.0% |
| Recurring financial income | 75 | €1,485 | €0 | -€1,485 | -100.0% |
| Financial charges | 65/66B | €167 | €395 | +€227 | +136.0% |
| Recurring financial charges | 65 | €167 | €395 | +€227 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | €98,941 | €88,110 | -€10,830 | -10.9% |
| Income taxes | 67/77 | €21,282 | €18,650 | -€2,632 | -12.4% |
| Profit (loss) for the period | 9904 | €77,658 | €69,460 | -€8,198 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,658 | €69,460 | -€8,198 | -10.6% |
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 10 October 2026 via checked.be.