LUNAKA: what changed
Two fiscal 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.
LUNAKA
Largest movements
- Tangible fixed assets +€328,517
up €328,517 (+69.0%), from €476,224 to €804,741
of which Land and buildings: +€325,695
- Current investments +€73,806
up €73,806 (+40.6%), from €181,739 to €255,545
- Receivables within one year -€16,042
down €16,042 (-14.8%), from €108,254 to €92,212
of which Other amounts receivable: -€13,643
- Cash -€15,276
down €15,276 (-10.3%), from €148,275 to €132,999
mainly Investment in fixed assets (net) (-€357,432) and Current investments (-€73,806)
- Debts after one year +€175,985
up €175,985 (+7495.1%), from €2,348 to €178,333
- Other debts +€115,159
up €115,159 (+545.2%), from €21,121 to €136,280
- Reserves +€80,883
up €80,883 (+4348.5%), from €1,860 to €82,743
- Gross operating margin -€29,839
down €29,839 (-22.9%), from €130,067 to €100,228
- Financial income +€8,689
up €8,689 (+29.9%), from €29,032 to €37,721
- Taxes -€8,542
down €8,542 (-30.0%), from €28,488 to €19,946
- Depreciation +€2,944
up €2,944 (+11.3%), from €25,971 to €28,915
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 | €1,004,629 | €1,375,754 | +€371,125 | +36.9% |
| Fixed assets | 21/28 | €563,724 | €892,241 | +€328,517 | +58.3% |
| Tangible fixed assets | 22/27 | €476,224 | €804,741 | +€328,517 | +69.0% |
| Land and buildings | 22 | €445,767 | €771,462 | +€325,695 | +73.1% |
| Plant, machinery and equipment | 23 | €1,664 | €1,845 | +€181 | +10.9% |
| Other tangible fixed assets | 26 | €28,793 | €31,434 | +€2,641 | +9.2% |
| Financial fixed assets | 28 | €87,500 | €87,500 | = | 0.0% |
| Current assets | 29/58 | €440,905 | €483,512 | +€42,607 | +9.7% |
| Amounts receivable within one year | 40/41 | €108,254 | €92,212 | -€16,042 | -14.8% |
| Trade receivables | 40 | €2,399 | - | -€2,399 | |
| Other amounts receivable | 41 | €105,855 | €92,212 | -€13,643 | -12.9% |
| Current investments | 50/53 | €181,739 | €255,545 | +€73,806 | +40.6% |
| Cash at bank and in hand | 54/58 | €148,275 | €132,999 | -€15,276 | -10.3% |
| Deferred charges and accrued income | 490/1 | €2,637 | €2,756 | +€119 | +4.5% |
| Total equity and liabilities | 10/49 | €1,004,629 | €1,375,754 | +€371,125 | +36.9% |
| Equity | 10/15 | €937,357 | €1,018,240 | +€80,883 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €82,743 | +€80,883 | +4348.5% |
| Distributable reserves | 133 | €1,860 | €82,743 | +€80,883 | +4348.5% |
| Profit (loss) carried forward | 14 | €916,897 | €916,897 | +€0 | 0.0% |
| Amounts payable | 17/49 | €67,272 | €357,514 | +€290,242 | +431.4% |
| Amounts payable after more than one year | 17 | €2,348 | €178,333 | +€175,985 | +7495.1% |
| Financial debts | 170/4 | €2,348 | €178,333 | +€175,985 | +7495.1% |
| Amounts payable within one year | 42/48 | €51,530 | €179,180 | +€127,650 | +247.7% |
| Current portion of amounts payable after more than one year | 42 | €21,500 | €21,855 | +€355 | +1.6% |
| Financial debts | 43 | €5,218 | €5,111 | -€107 | -2.0% |
| Credit institutions | 430/8 | €5,218 | €5,111 | -€107 | -2.0% |
| Trade debts | 44 | €1,950 | €1,816 | -€134 | -6.9% |
| Suppliers | 440/4 | €1,950 | €1,816 | -€134 | -6.9% |
| Taxes, remuneration and social security | 45 | €1,741 | €14,119 | +€12,378 | +711.0% |
| Taxes | 450/3 | €1,741 | €14,119 | +€12,378 | +711.0% |
| Other amounts payable | 47/48 | €21,121 | €136,280 | +€115,159 | +545.2% |
| Accrued charges and deferred income | 492/3 | €13,394 | - | -€13,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,971 | €28,915 | +€2,944 | +11.3% |
| Other operating charges | 640/8 | €6,926 | €5,759 | -€1,167 | -16.8% |
| Gross operating margin | 9900 | €130,067 | €100,228 | -€29,839 | -22.9% |
| Operating profit (loss) | 9901 | €97,170 | €65,554 | -€31,616 | -32.5% |
| Financial income | 75/76B | €29,032 | €37,721 | +€8,689 | +29.9% |
| Recurring financial income | 75 | €29,032 | €37,721 | +€8,689 | +29.9% |
| Financial charges | 65/66B | €2,277 | €2,446 | +€169 | +7.4% |
| Recurring financial charges | 65 | €2,277 | €2,446 | +€169 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €123,925 | €100,828 | -€23,097 | -18.6% |
| Income taxes | 67/77 | €28,488 | €19,946 | -€8,542 | -30.0% |
| Profit (loss) for the period | 9904 | €95,437 | €80,883 | -€14,554 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,437 | €80,883 | -€14,554 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.