LUNDA: 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.
LUNDA
Largest movements
- Cash +€9,740
up €9,740 (+48.0%), from €20,276 to €30,016
mainly Net result for the year (+€8,696) and Receivables within one year (+€3,137)
- Tangible fixed assets +€3,416
up €3,416 (+68.9%), from €4,955 to €8,371
of which Plant, machinery and equipment: +€3,625
- Receivables within one year -€3,137
down €3,137 (-33.4%), from €9,382 to €6,245
of which Trade receivables: -€3,043
- Deferred charges and accrued income -€936
no longer reported in 2025 (was €936)
- Profit (loss) carried forward +€8,696
up €8,696 (+40.9%), from -€21,243 to -€12,547
- Trade debts -€1,950
down €1,950 (-43.6%), from €4,471 to €2,521
- Tax, wage and social debts +€1,654
up €1,654 (+25.1%), from €6,578 to €8,232
of which Remuneration and social security: +€2,000
- Other debts +€1,614
up €1,614 (+19.8%), from €8,150 to €9,764
- Accrued charges and deferred income -€862
no longer reported in 2025 (was €862)
- Gross operating margin +€5,611
up €5,611 (+88.0%), from €6,376 to €11,987
- Depreciation -€581
down €581 (-25.1%), from €2,315 to €1,734
- Financial charges +€222
up €222 (+40.7%), from €547 to €769
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 | €36,601 | €45,754 | +€9,152 | +25.0% |
| Fixed assets | 21/28 | €4,955 | €8,371 | +€3,416 | +68.9% |
| Tangible fixed assets | 22/27 | €4,955 | €8,371 | +€3,416 | +68.9% |
| Plant, machinery and equipment | 23 | €2,929 | €6,554 | +€3,625 | +124% |
| Furniture and vehicles | 24 | €2,027 | €1,817 | -€209 | -10.3% |
| Current assets | 29/58 | €31,646 | €37,382 | +€5,736 | +18.1% |
| Stocks and contracts in progress | 3 | €1,052 | €1,121 | +€69 | +6.6% |
| Stocks | 30/36 | €1,052 | €1,121 | +€69 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,382 | €6,245 | -€3,137 | -33.4% |
| Trade receivables | 40 | €9,288 | €6,245 | -€3,043 | -32.8% |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €20,276 | €30,016 | +€9,740 | +48.0% |
| Deferred charges and accrued income | 490/1 | €936 | - | -€936 | |
| Total equity and liabilities | 10/49 | €36,601 | €45,754 | +€9,152 | +25.0% |
| Equity | 10/15 | €16,541 | €25,237 | +€8,696 | +52.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,191 | €19,191 | = | 0.0% |
| Distributable reserves | 133 | €19,191 | €19,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,243 | -€12,547 | +€8,696 | +40.9% |
| Amounts payable | 17/49 | €20,061 | €20,517 | +€456 | +2.3% |
| Amounts payable within one year | 42/48 | €19,199 | €20,517 | +€1,318 | +6.9% |
| Trade debts | 44 | €4,471 | €2,521 | -€1,950 | -43.6% |
| Suppliers | 440/4 | €4,471 | €2,521 | -€1,950 | -43.6% |
| Taxes, remuneration and social security | 45 | €6,578 | €8,232 | +€1,654 | +25.1% |
| Taxes | 450/3 | €6,578 | €6,232 | -€346 | -5.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,150 | €9,764 | +€1,614 | +19.8% |
| Accrued charges and deferred income | 492/3 | €862 | - | -€862 | |
| Non-recurring operating income | 76A | €695 | €734 | +€38 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,315 | €1,734 | -€581 | -25.1% |
| Other operating charges | 640/8 | €831 | €788 | -€43 | -5.2% |
| Gross operating margin | 9900 | €6,376 | €11,987 | +€5,611 | +88.0% |
| Operating profit (loss) | 9901 | €3,230 | €9,465 | +€6,235 | +193% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €547 | €769 | +€222 | +40.7% |
| Recurring financial charges | 65 | €547 | €769 | +€222 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €2,684 | €8,696 | +€6,012 | +224% |
| Profit (loss) for the period | 9904 | €2,684 | €8,696 | +€6,012 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €2,684 | €8,696 | +€6,012 | +224% |
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 17 October 2026 via checked.be.