LUNANORO: 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.
LUNANORO
Largest movements
- Tangible fixed assets +€69,073
up €69,073 (+12.7%), from €543,332 to €612,405
- Cash -€21,789
down €21,789 (-91.3%), from €23,853 to €2,063
mainly Investment in fixed assets (net) (-€99,176) and Net result for the year (-€14,920)
- Debts after one year +€42,626
up €42,626 (+7.9%), from €538,691 to €581,317
of which Financial debts: +€42,626
- Other debts +€15,874
up €15,874 (+788%), from €2,015 to €17,889
- Profit (loss) carried forward -€14,920
down €14,920 (-87.9%), from -€16,978 to -€31,899
- Gross operating margin +€13,250
up €13,250 (+72.4%), from €18,302 to €31,553
- Depreciation +€8,151
up €8,151 (+36.5%), from €22,321 to €30,472
- Financial charges +€1,936
up €1,936 (+18.5%), from €10,484 to €12,420
- Other operating charges +€1,106
up €1,106 (+44.7%), from €2,476 to €3,581
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 | €569,021 | €616,188 | +€47,168 | +8.3% |
| Formation expenses | 20 | €1,574 | €1,205 | -€369 | -23.5% |
| Fixed assets | 21/28 | €543,332 | €612,405 | +€69,073 | +12.7% |
| Tangible fixed assets | 22/27 | €543,332 | €612,405 | +€69,073 | +12.7% |
| Land and buildings | 22 | €543,332 | €612,405 | +€69,073 | +12.7% |
| Current assets | 29/58 | €24,115 | €2,579 | -€21,536 | -89.3% |
| Cash at bank and in hand | 54/58 | €23,853 | €2,063 | -€21,789 | -91.3% |
| Deferred charges and accrued income | 490/1 | €262 | €515 | +€253 | +96.7% |
| Total equity and liabilities | 10/49 | €569,021 | €616,188 | +€47,168 | +8.3% |
| Equity | 10/15 | €13,022 | -€1,899 | -€14,920 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,978 | -€31,899 | -€14,920 | -87.9% |
| Amounts payable | 17/49 | €555,999 | €618,087 | +€62,088 | +11.2% |
| Amounts payable after more than one year | 17 | €538,691 | €581,317 | +€42,626 | +7.9% |
| Financial debts | 170/4 | €448,691 | €491,317 | +€42,626 | +9.5% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,308 | €36,770 | +€19,462 | +112% |
| Current portion of amounts payable after more than one year | 42 | €12,718 | €18,578 | +€5,860 | +46.1% |
| Trade debts | 44 | €2,575 | €304 | -€2,271 | -88.2% |
| Suppliers | 440/4 | €2,575 | €304 | -€2,271 | -88.2% |
| Other amounts payable | 47/48 | €2,015 | €17,889 | +€15,874 | +788% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,321 | €30,472 | +€8,151 | +36.5% |
| Other operating charges | 640/8 | €2,476 | €3,581 | +€1,106 | +44.7% |
| Gross operating margin | 9900 | €18,302 | €31,553 | +€13,250 | +72.4% |
| Operating profit (loss) | 9901 | -€6,494 | -€2,500 | +€3,994 | +61.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,484 | €12,420 | +€1,936 | +18.5% |
| Recurring financial charges | 65 | €10,484 | €12,420 | +€1,936 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,978 | -€14,920 | +€2,058 | +12.1% |
| Profit (loss) for the period | 9904 | -€16,978 | -€14,920 | +€2,058 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,978 | -€14,920 | +€2,058 | +12.1% |
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 20 October 2026 via checked.be.