LUNADVICE: 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.
LUNADVICE
Largest movements
- Financial fixed assets +€736,400
up €736,400 (+1,744%), from €42,229 to €778,629
- Cash +€235,436
up €235,436 (+436%), from €53,988 to €289,424
mainly Net result for the year (+€2.4m) and Tax, wage and social debts (+€324,518)
- Receivables within one year +€46,698
up €46,698 (+258%), from €18,076 to €64,775
of which Trade receivables: +€60,000
- Profit (loss) carried forward +€634,079
up €634,079 (+2,459%), from €25,783 to €659,863
- Tax, wage and social debts +€324,518
up €324,518 (+7,257%), from €4,472 to €328,989
- Other debts +€60,000
up €60,000 (+300%), from €20,000 to €80,000
- Financial income +€1.3m
up €1.3m (+16,287%), from €8,217 to €1.3m
- Gross operating margin +€278,142
up €278,142 (+24.1%), from €1.2m to €1.4m
- Taxes +€74,429
up €74,429 (+26.2%), from €284,623 to €359,052
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 | €117,687 | €1,136,075 | +€1.0m | +865% |
| Fixed assets | 21/28 | €43,908 | €780,601 | +€736,693 | +1,678% |
| Tangible fixed assets | 22/27 | €1,680 | €1,972 | +€293 | +17.4% |
| Furniture and vehicles | 24 | €1,680 | €1,972 | +€293 | +17.4% |
| Financial fixed assets | 28 | €42,229 | €778,629 | +€736,400 | +1,744% |
| Current assets | 29/58 | €73,779 | €355,474 | +€281,695 | +382% |
| Amounts receivable within one year | 40/41 | €18,076 | €64,775 | +€46,698 | +258% |
| Trade receivables | 40 | €0 | €60,000 | +€60,000 | |
| Other amounts receivable | 41 | €18,076 | €4,775 | -€13,302 | -73.6% |
| Cash at bank and in hand | 54/58 | €53,988 | €289,424 | +€235,436 | +436% |
| Deferred charges and accrued income | 490/1 | €1,715 | €1,275 | -€439 | -25.6% |
| Total equity and liabilities | 10/49 | €117,687 | €1,136,075 | +€1.0m | +865% |
| Equity | 10/15 | €90,783 | €724,863 | +€634,079 | +698% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,783 | €659,863 | +€634,079 | +2,459% |
| Amounts payable | 17/49 | €26,904 | €411,213 | +€384,309 | +1,428% |
| Amounts payable within one year | 42/48 | €26,904 | €411,213 | +€384,309 | +1,428% |
| Trade debts | 44 | €2,432 | €2,223 | -€209 | -8.6% |
| Suppliers | 440/4 | €2,432 | €2,223 | -€209 | -8.6% |
| Taxes, remuneration and social security | 45 | €4,472 | €328,989 | +€324,518 | +7,257% |
| Taxes | 450/3 | €4,472 | €328,989 | +€324,518 | +7,257% |
| Other amounts payable | 47/48 | €20,000 | €80,000 | +€60,000 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €760 | €989 | +€229 | +30.1% |
| Other operating charges | 640/8 | €1,107 | €524 | -€583 | -52.7% |
| Gross operating margin | 9900 | €1,153,460 | €1,431,602 | +€278,142 | +24.1% |
| Operating profit (loss) | 9901 | €1,151,593 | €1,430,089 | +€278,497 | +24.2% |
| Financial income | 75/76B | €8,217 | €1,346,555 | +€1.3m | +16,287% |
| Recurring financial income | 75 | €8,217 | €1,346,555 | +€1.3m | +16,287% |
| Financial charges | 65/66B | €3,539 | €3,512 | -€27 | -0.8% |
| Recurring financial charges | 65 | €3,539 | €3,512 | -€27 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €1,156,270 | €2,773,132 | +€1.6m | +140% |
| Income taxes | 67/77 | €284,623 | €359,052 | +€74,429 | +26.2% |
| Profit (loss) for the period | 9904 | €871,647 | €2,414,079 | +€1.5m | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €871,647 | €2,414,079 | +€1.5m | +177% |
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 30 October 2026 via checked.be.