LUNAFIN: what changed
What changed
LUNAFIN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€12,328
2024 · €9,839+€2,490
Equity
€171,871
2024 · €159,543+€12,328
Cash
€4,921
2024 · €12,923-€8,002
Balance sheet total
€1.0m
2024 · €935,700+€84,224
Largest movements
Assets
- Tangible fixed assets +€104,227
up €104,227 (+11.6%), from €897,087 to €1.0m
of which Land and buildings: +€133,694
Equity and liabilities
- Debts after one year +€40,471
up €40,471 (+6.8%), from €598,254 to €638,725
- Other debts +€30,922
up €30,922 (+38.7%), from €79,989 to €110,910
- Reserves +€12,328
up €12,328 (+8.7%), from €140,943 to €153,271
- Current portion of long-term debt -€10,254
down €10,254 (-11.8%), from €87,253 to €76,999
Income statement
- Financial charges +€10,570
up €10,570 (+51.5%), from €20,543 to €31,113
- Depreciation -€9,117
down €9,117 (-15.3%), from €59,681 to €50,564
- Other operating charges -€3,234
down €3,234 (-30.7%), from €10,551 to €7,317
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,839
Gross operating margin
+€904
Depreciation
+€9,117
Other operating charges
+€3,234
Financial income
-€17
Financial charges
-€10,570
Taxes
-€178
Result 2025
€12,328
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€106,393
Investment
-€144,603
Financing
+€30,208
Cash 2024
€12,923
From operations (derived)
+€106,393
Net result for the year
+€12,328
Depreciation
+€50,564
Receivables within one year
+€2,225
Deferred charges and accrued income
-€412
Trade debts
+€6,085
Tax, wage and social debts
+€4,725
Other debts
+€30,922
Accrued charges and deferred income
-€44
Investment (derived)
-€144,603
Investment in fixed assets (net)
-€154,791
Current investments
+€10,188
Financing
+€30,208
Debts after one year
+€40,471
Current portion of long-term debt
-€10,254
Short-term financial debts
-€9
Cash 2025
€4,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €935,700 | €1,019,924 | +€84,224 | +9.0% |
| Fixed assets | 21/28 | €897,087 | €1,001,314 | +€104,227 | +11.6% |
| Tangible fixed assets | 22/27 | €897,087 | €1,001,314 | +€104,227 | +11.6% |
| Land and buildings | 22 | €767,631 | €901,326 | +€133,694 | +17.4% |
| Plant, machinery and equipment | 23 | €14,317 | €10,813 | -€3,505 | -24.5% |
| Furniture and vehicles | 24 | €115,138 | €89,175 | -€25,963 | -22.5% |
| Current assets | 29/58 | €38,613 | €18,611 | -€20,002 | -51.8% |
| Amounts receivable within one year | 40/41 | €12,327 | €10,102 | -€2,225 | -18.1% |
| Trade receivables | 40 | €2,443 | €396 | -€2,047 | -83.8% |
| Other amounts receivable | 41 | €9,884 | €9,706 | -€178 | -1.8% |
| Current investments | 50/53 | €10,188 | - | -€10,188 | |
| Cash at bank and in hand | 54/58 | €12,923 | €4,921 | -€8,002 | -61.9% |
| Deferred charges and accrued income | 490/1 | €3,175 | €3,587 | +€412 | +13.0% |
| Total equity and liabilities | 10/49 | €935,700 | €1,019,924 | +€84,224 | +9.0% |
| Equity | 10/15 | €159,543 | €171,871 | +€12,328 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,943 | €153,271 | +€12,328 | +8.7% |
| Distributable reserves | 133 | €140,943 | €153,271 | +€12,328 | +8.7% |
| Amounts payable | 17/49 | €776,157 | €848,053 | +€71,896 | +9.3% |
| Amounts payable after more than one year | 17 | €598,254 | €638,725 | +€40,471 | +6.8% |
| Financial debts | 170/4 | €598,254 | €638,725 | +€40,471 | +6.8% |
| Amounts payable within one year | 42/48 | €177,554 | €209,023 | +€31,469 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €87,253 | €76,999 | -€10,254 | -11.8% |
| Financial debts | 43 | €4,057 | €4,049 | -€9 | -0.2% |
| Credit institutions | 430/8 | €4,057 | €4,049 | -€9 | -0.2% |
| Trade debts | 44 | €1,418 | €7,503 | +€6,085 | +429% |
| Suppliers | 440/4 | €1,418 | €7,503 | +€6,085 | +429% |
| Taxes, remuneration and social security | 45 | €4,837 | €9,562 | +€4,725 | +97.7% |
| Taxes | 450/3 | €2,559 | €9,562 | +€7,003 | +274% |
| Remuneration and social security | 454/9 | €2,278 | - | -€2,278 | |
| Other amounts payable | 47/48 | €79,989 | €110,910 | +€30,922 | +38.7% |
| Accrued charges and deferred income | 492/3 | €349 | €305 | -€44 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,681 | €50,564 | -€9,117 | -15.3% |
| Other operating charges | 640/8 | €10,551 | €7,317 | -€3,234 | -30.7% |
| Gross operating margin | 9900 | €102,501 | €103,405 | +€904 | +0.9% |
| Operating profit (loss) | 9901 | €32,268 | €45,523 | +€13,255 | +41.1% |
| Financial income | 75/76B | €320 | €303 | -€17 | -5.3% |
| Recurring financial income | 75 | €320 | €303 | -€17 | -5.3% |
| Financial charges | 65/66B | €20,543 | €31,113 | +€10,570 | +51.5% |
| Recurring financial charges | 65 | €20,543 | €31,113 | +€10,570 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €12,045 | €14,713 | +€2,667 | +22.1% |
| Income taxes | 67/77 | €2,207 | €2,384 | +€178 | +8.0% |
| Profit (loss) for the period | 9904 | €9,839 | €12,328 | +€2,490 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,839 | €12,328 | +€2,490 | +25.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.