LUNATRAIN: what changed
LUNATRAIN
Largest movements
- Deferred charges and accrued income -€8,803
down €8,803 (-63.3%), from €13,912 to €5,109
- Cash +€7,313
up €7,313 (+198%), from €3,693 to €11,006
mainly Other debts (+€17,165) and Debts after one year (+€10,000)
- Receivables within one year -€7,179
down €7,179 (-44.4%), from €16,181 to €9,002
of which Other amounts receivable: -€7,739
- Intangible fixed assets +€2,935
up €2,935 (+17.2%), from €17,050 to €19,985
- Profit (loss) carried forward -€23,098
down €23,098 (-95.0%), from -€24,314 to -€47,411
- Other debts +€17,165
up €17,165 (+428%), from €4,014 to €21,180
- Debts after one year +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Current portion of long-term debt -€9,089
down €9,089 (-100%), from €9,089 to €0
- Trade debts -€747
down €747 (-6.2%), from €11,988 to €11,241
- Gross operating margin +€3,790
up €3,790 (+22.8%), from -€16,613 to -€12,823
- Financial charges +€3,411
up €3,411 (+183%), from €1,859 to €5,271
- Depreciation -€558
down €558 (-11.3%), from €4,943 to €4,385
- Other operating charges -€275
down €275 (-30.6%), from €898 to €623
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,836 | €45,102 | -€5,733 | -11.3% |
| Fixed assets | 21/28 | €17,050 | €19,985 | +€2,935 | +17.2% |
| Intangible fixed assets | 21 | €17,050 | €19,985 | +€2,935 | +17.2% |
| Current assets | 29/58 | €33,786 | €25,117 | -€8,669 | -25.7% |
| Amounts receivable within one year | 40/41 | €16,181 | €9,002 | -€7,179 | -44.4% |
| Trade receivables | 40 | €6,269 | €6,829 | +€560 | +8.9% |
| Other amounts receivable | 41 | €9,912 | €2,173 | -€7,739 | -78.1% |
| Cash at bank and in hand | 54/58 | €3,693 | €11,006 | +€7,313 | +198% |
| Deferred charges and accrued income | 490/1 | €13,912 | €5,109 | -€8,803 | -63.3% |
| Total equity and liabilities | 10/49 | €50,836 | €45,102 | -€5,733 | -11.3% |
| Equity | 10/15 | €686 | -€22,411 | -€23,098 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,314 | -€47,411 | -€23,098 | -95.0% |
| Amounts payable | 17/49 | €50,149 | €67,513 | +€17,364 | +34.6% |
| Amounts payable after more than one year | 17 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Financial debts | 170/4 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Amounts payable within one year | 42/48 | €25,091 | €32,421 | +€7,330 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €9,089 | €0 | -€9,089 | -100% |
| Trade debts | 44 | €11,988 | €11,241 | -€747 | -6.2% |
| Suppliers | 440/4 | €11,988 | €11,241 | -€747 | -6.2% |
| Other amounts payable | 47/48 | €4,014 | €21,180 | +€17,165 | +428% |
| Accrued charges and deferred income | 492/3 | €58 | €92 | +€34 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €4,385 | -€558 | -11.3% |
| Other operating charges | 640/8 | €898 | €623 | -€275 | -30.6% |
| Gross operating margin | 9900 | -€16,613 | -€12,823 | +€3,790 | +22.8% |
| Operating profit (loss) | 9901 | -€22,454 | -€17,832 | +€4,623 | +20.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | +9,620% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +9,620% |
| Financial charges | 65/66B | €1,859 | €5,271 | +€3,411 | +183% |
| Recurring financial charges | 65 | €1,859 | €5,271 | +€3,411 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€24,314 | -€23,098 | +€1,216 | +5.0% |
| Profit (loss) for the period | 9904 | -€24,314 | -€23,098 | +€1,216 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,314 | -€23,098 | +€1,216 | +5.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.