LUNAREJA: 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.
LUNAREJA
Largest movements
- Tangible fixed assets +€52,847
up €52,847 (+279%), from €18,918 to €71,765
of which Leasing and similar rights: +€54,005
- Cash -€17,106
down €17,106 (-37.0%), from €46,264 to €29,158
mainly Contributions, distributions and other (-€64,000) and Investment in fixed assets (net) (-€61,654)
- Receivables within one year -€11,891
down €11,891 (-75.0%), from €15,857 to €3,966
of which Trade receivables: -€12,949
- Debts after one year +€47,280
up €47,280 (+2,898%), from €1,632 to €48,912
- Other debts -€23,112
down €23,112 (-42.7%), from €54,123 to €31,010
- Tax, wage and social debts -€4,262
down €4,262 (-38.2%), from €11,164 to €6,902
- Current portion of long-term debt +€4,240
up €4,240 (+52.4%), from €8,088 to €12,328
- Reserves +€1,436
up €1,436 (+132%), from €1,086 to €2,522
- Gross operating margin +€15,844
up €15,844 (+19.6%), from €80,649 to €96,492
- Taxes +€2,882
up €2,882 (+19.1%), from €15,059 to €17,941
- Depreciation -€2,039
down €2,039 (-18.8%), from €10,846 to €8,807
- Financial income -€1,587
down €1,587 (-84.1%), from €1,887 to €300
- Other operating charges +€1,568
up €1,568 (+97.0%), from €1,617 to €3,184
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 | €84,183 | €108,087 | +€23,903 | +28.4% |
| Fixed assets | 21/28 | €18,918 | €71,765 | +€52,847 | +279% |
| Tangible fixed assets | 22/27 | €18,918 | €71,765 | +€52,847 | +279% |
| Furniture and vehicles | 24 | €4,412 | €4,074 | -€338 | -7.7% |
| Leasing and similar rights | 25 | €8,941 | €62,946 | +€54,005 | +604% |
| Other tangible fixed assets | 26 | €5,565 | €4,745 | -€820 | -14.7% |
| Current assets | 29/58 | €65,265 | €36,322 | -€28,944 | -44.3% |
| Amounts receivable within one year | 40/41 | €15,857 | €3,966 | -€11,891 | -75.0% |
| Trade receivables | 40 | €15,183 | €2,235 | -€12,949 | -85.3% |
| Other amounts receivable | 41 | €674 | €1,731 | +€1,058 | +157% |
| Current investments | 50/53 | €2,484 | €2,484 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,264 | €29,158 | -€17,106 | -37.0% |
| Deferred charges and accrued income | 490/1 | €659 | €713 | +€54 | +8.1% |
| Total equity and liabilities | 10/49 | €84,183 | €108,087 | +€23,903 | +28.4% |
| Equity | 10/15 | €4,086 | €5,522 | +€1,436 | +35.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,086 | €2,522 | +€1,436 | +132% |
| Distributable reserves | 133 | €1,086 | €2,522 | +€1,436 | +132% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,097 | €102,564 | +€22,467 | +28.0% |
| Amounts payable after more than one year | 17 | €1,632 | €48,912 | +€47,280 | +2,898% |
| Financial debts | 170/4 | €1,632 | €48,912 | +€47,280 | +2,898% |
| Amounts payable within one year | 42/48 | €78,078 | €53,652 | -€24,426 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €8,088 | €12,328 | +€4,240 | +52.4% |
| Trade debts | 44 | €4,704 | €3,413 | -€1,291 | -27.5% |
| Suppliers | 440/4 | €4,704 | €3,413 | -€1,291 | -27.5% |
| Taxes, remuneration and social security | 45 | €11,164 | €6,902 | -€4,262 | -38.2% |
| Taxes | 450/3 | €11,164 | €6,902 | -€4,262 | -38.2% |
| Other amounts payable | 47/48 | €54,123 | €31,010 | -€23,112 | -42.7% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,846 | €8,807 | -€2,039 | -18.8% |
| Other operating charges | 640/8 | €1,617 | €3,184 | +€1,568 | +97.0% |
| Gross operating margin | 9900 | €80,649 | €96,492 | +€15,844 | +19.6% |
| Operating profit (loss) | 9901 | €68,186 | €84,501 | +€16,315 | +23.9% |
| Financial income | 75/76B | €1,887 | €300 | -€1,587 | -84.1% |
| Recurring financial income | 75 | €1,887 | €300 | -€1,587 | -84.1% |
| Financial charges | 65/66B | €396 | €1,423 | +€1,028 | +260% |
| Recurring financial charges | 65 | €396 | €1,423 | +€1,028 | +260% |
| Profit (loss) for the period before taxes | 9903 | €69,678 | €83,378 | +€13,700 | +19.7% |
| Income taxes | 67/77 | €15,059 | €17,941 | +€2,882 | +19.1% |
| Profit (loss) for the period | 9904 | €54,619 | €65,436 | +€10,818 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,619 | €65,436 | +€10,818 | +19.8% |
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 25 October 2026 via checked.be.