LUNATIM: 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.
LUNATIM
Largest movements
- Receivables within one year +€108,675
up €108,675 (+2,104%), from €5,166 to €113,841
of which Other amounts receivable: +€113,302
- Tangible fixed assets -€6,968
down €6,968 (-34.3%), from €20,318 to €13,350
of which Plant, machinery and equipment: -€4,793
- Contributions +€330,000
up €330,000 (+28.1%), from €1.2m to €1.5m
- Profit (loss) carried forward -€115,639
down €115,639 (-9.2%), from -€1.3m to -€1.4m
- Other debts -€79,511
down €79,511 (-76.2%), from €104,288 to €24,777
- Provisions -€21,965
no longer reported in 2025 (was €21,965)
- Trade debts -€10,127
down €10,127 (-24.4%), from €41,475 to €31,347
- Depreciation -€86,092
down €86,092 (-92.5%), from €93,060 to €6,968
- Gross operating margin -€48,243
down €48,243 (-303%), from -€15,908 to -€64,151
- Provisions -€43,929
down €43,929, from €21,965 to -€21,965
- Other operating charges -€11,216
down €11,216 (-14.7%), from €76,126 to €64,910
- Staff costs -€4,774
no longer reported in 2025 (was €4,774)
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 | €133,953 | €236,037 | +€102,083 | +76.2% |
| Fixed assets | 21/28 | €99,307 | €92,339 | -€6,968 | -7.0% |
| Tangible fixed assets | 22/27 | €20,318 | €13,350 | -€6,968 | -34.3% |
| Plant, machinery and equipment | 23 | €15,967 | €11,174 | -€4,793 | -30.0% |
| Furniture and vehicles | 24 | €4,350 | €2,175 | -€2,175 | -50.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €78,990 | €78,990 | = | 0.0% |
| Current assets | 29/58 | €34,646 | €143,697 | +€109,051 | +315% |
| Amounts receivable within one year | 40/41 | €5,166 | €113,841 | +€108,675 | +2,104% |
| Trade receivables | 40 | €5,166 | €539 | -€4,627 | -89.6% |
| Other amounts receivable | 41 | - | €113,302 | +€113,302 | |
| Cash at bank and in hand | 54/58 | €27,587 | €27,882 | +€295 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,975 | +€81 | +4.3% |
| Total equity and liabilities | 10/49 | €133,953 | €236,037 | +€102,083 | +76.2% |
| Equity | 10/15 | -€34,455 | €179,905 | +€214,361 | |
| Contributions | 10/11 | €1,173,895 | €1,503,895 | +€330,000 | +28.1% |
| Capital | 10 | €1,173,895 | €1,503,895 | +€330,000 | +28.1% |
| Issued capital | 100 | €1,173,895 | €1,503,895 | +€330,000 | +28.1% |
| Reserves | 13 | €45,890 | €45,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,890 | €45,890 | = | 0.0% |
| Legal reserve | 130 | €45,890 | €45,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,254,240 | -€1,369,879 | -€115,639 | -9.2% |
| Provisions and deferred taxes | 16 | €21,965 | - | -€21,965 | |
| Provisions for liabilities and charges | 160/5 | €21,965 | - | -€21,965 | |
| Other liabilities and charges | 164/5 | €21,965 | - | -€21,965 | |
| Amounts payable | 17/49 | €146,444 | €56,131 | -€90,313 | -61.7% |
| Amounts payable within one year | 42/48 | €146,444 | €56,131 | -€90,313 | -61.7% |
| Trade debts | 44 | €41,475 | €31,347 | -€10,127 | -24.4% |
| Suppliers | 440/4 | €41,475 | €31,347 | -€10,127 | -24.4% |
| Taxes, remuneration and social security | 45 | €682 | €6 | -€675 | -99.1% |
| Taxes | 450/3 | €162 | €6 | -€156 | -96.1% |
| Remuneration and social security | 454/9 | €520 | - | -€520 | |
| Other amounts payable | 47/48 | €104,288 | €24,777 | -€79,511 | -76.2% |
| Non-recurring operating income | 76A | €116,793 | €113,903 | -€2,891 | -2.5% |
| Remuneration, social security and pensions | 62 | €4,774 | - | -€4,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,060 | €6,968 | -€86,092 | -92.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,965 | -€21,965 | -€43,929 | |
| Other operating charges | 640/8 | €76,126 | €64,910 | -€11,216 | -14.7% |
| Non-recurring operating charges | 66A | €146,459 | - | -€146,459 | |
| Gross operating margin | 9900 | -€15,908 | -€64,151 | -€48,243 | -303% |
| Operating profit (loss) | 9901 | -€358,292 | -€114,064 | +€244,228 | +68.2% |
| Financial income | 75/76B | €2,284 | €149 | -€2,135 | -93.5% |
| Recurring financial income | 75 | €2,284 | €149 | -€2,135 | -93.5% |
| Financial charges | 65/66B | €3,345 | €1,724 | -€1,620 | -48.4% |
| Recurring financial charges | 65 | €3,345 | €1,724 | -€1,620 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€359,353 | -€115,639 | +€243,714 | +67.8% |
| Profit (loss) for the period | 9904 | -€359,353 | -€115,639 | +€243,714 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€359,353 | -€115,639 | +€243,714 | +67.8% |
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 29 October 2026 via checked.be.