LUNATRADE: 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.
LUNATRADE
Largest movements
- Receivables within one year +€256,324
up €256,324 (+132%), from €193,980 to €450,304
of which Other amounts receivable: +€228,093
- Cash -€184,485
down €184,485 (-82.9%), from €222,537 to €38,052
mainly Receivables within one year (-€256,324) and Investment in fixed assets (net) (-€69,134)
- Tangible fixed assets +€57,647
new in 2025: €57,647
- Stocks and contracts -€20,661
no longer reported in 2025 (was €20,661)
- Reserves +€77,486
up €77,486 (+21.0%), from €369,687 to €447,173
- Debts after one year +€33,661
new in 2025: €33,661
- Trade debts -€15,619
down €15,619 (-77.9%), from €20,049 to €4,430
- Current portion of long-term debt +€9,696
new in 2025: €9,696
- Short-term financial debts +€6,735
new in 2025: €6,735
- Gross operating margin -€25,586
down €25,586 (-19.0%), from €134,817 to €109,231
- Depreciation +€11,487
new in 2025: €11,487
- Financial income +€9,827
up €9,827 (+1,203%), from €817 to €10,643
- Financial charges -€6,990
down €6,990 (-68.5%), from €10,203 to €3,213
- Taxes -€5,442
down €5,442 (-17.2%), from €31,555 to €26,113
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 | €437,179 | €548,262 | +€111,083 | +25.4% |
| Fixed assets | 21/28 | - | €57,647 | +€57,647 | |
| Tangible fixed assets | 22/27 | - | €57,647 | +€57,647 | |
| Furniture and vehicles | 24 | - | €57,647 | +€57,647 | |
| Current assets | 29/58 | €437,179 | €490,614 | +€53,436 | +12.2% |
| Stocks and contracts in progress | 3 | €20,661 | - | -€20,661 | |
| Stocks | 30/36 | €20,661 | - | -€20,661 | |
| Amounts receivable within one year | 40/41 | €193,980 | €450,304 | +€256,324 | +132% |
| Trade receivables | 40 | €133,986 | €162,217 | +€28,231 | +21.1% |
| Other amounts receivable | 41 | €59,995 | €288,088 | +€228,093 | +380% |
| Cash at bank and in hand | 54/58 | €222,537 | €38,052 | -€184,485 | -82.9% |
| Deferred charges and accrued income | 490/1 | - | €2,258 | +€2,258 | |
| Total equity and liabilities | 10/49 | €437,179 | €548,262 | +€111,083 | +25.4% |
| Equity | 10/15 | €388,279 | €465,765 | +€77,486 | +20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €369,687 | €447,173 | +€77,486 | +21.0% |
| Distributable reserves | 133 | €369,687 | €447,173 | +€77,486 | +21.0% |
| Amounts payable | 17/49 | €48,899 | €82,497 | +€33,597 | +68.7% |
| Amounts payable after more than one year | 17 | - | €33,661 | +€33,661 | |
| Financial debts | 170/4 | - | €33,661 | +€33,661 | |
| Amounts payable within one year | 42/48 | €48,899 | €48,835 | -€64 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,696 | +€9,696 | |
| Financial debts | 43 | - | €6,735 | +€6,735 | |
| Other loans | 439 | - | €6,735 | +€6,735 | |
| Trade debts | 44 | €20,049 | €4,430 | -€15,619 | -77.9% |
| Suppliers | 440/4 | €20,049 | €4,430 | -€15,619 | -77.9% |
| Taxes, remuneration and social security | 45 | €28,780 | €27,668 | -€1,112 | -3.9% |
| Taxes | 450/3 | €28,780 | €27,668 | -€1,112 | -3.9% |
| Other amounts payable | 47/48 | €71 | €306 | +€236 | +333% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,487 | +€11,487 | |
| Other operating charges | 640/8 | €95 | €1,576 | +€1,482 | +1,562% |
| Gross operating margin | 9900 | €134,817 | €109,231 | -€25,586 | -19.0% |
| Operating profit (loss) | 9901 | €134,722 | €96,168 | -€38,554 | -28.6% |
| Financial income | 75/76B | €817 | €10,643 | +€9,827 | +1,203% |
| Recurring financial income | 75 | €817 | €10,643 | +€9,827 | +1,203% |
| Financial charges | 65/66B | €10,203 | €3,213 | -€6,990 | -68.5% |
| Recurring financial charges | 65 | €10,203 | €3,213 | -€6,990 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €125,336 | €103,598 | -€21,737 | -17.3% |
| Income taxes | 67/77 | €31,555 | €26,113 | -€5,442 | -17.2% |
| Profit (loss) for the period | 9904 | €93,780 | €77,486 | -€16,295 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,780 | €77,486 | -€16,295 | -17.4% |
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 28 October 2026 via checked.be.