LUNDA LAW: 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 LAW
Largest movements
- Receivables within one year +€24,505
up €24,505 (+339%), from €7,223 to €31,728
of which Trade receivables: +€15,479
- Cash -€2,913
down €2,913 (-52.3%), from €5,568 to €2,655
mainly Receivables within one year (-€24,505) and Investment in fixed assets (net) (-€2,262)
- Tangible fixed assets +€1,711
new in 2025: €1,711
- Deferred charges and accrued income +€509
new in 2025: €509
- Tax, wage and social debts +€18,059
up €18,059 (+226%), from €7,976 to €26,035
of which Taxes: +€16,059
- Profit (loss) carried forward +€6,157
up €6,157 (+479%), from €1,286 to €7,443
- Trade debts -€404
down €404 (-76.4%), from €529 to €125
- Gross operating margin +€9,706
up €9,706 (+427%), from €2,273 to €11,979
- Financial charges +€2,902
up €2,902 (+2,232%), from €130 to €3,032
- Taxes +€1,678
up €1,678 (+177%), from €947 to €2,625
- Depreciation +€551
new in 2025: €551
- Financial income +€307
up €307 (+64.3%), from €477 to €784
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 | €12,791 | €36,603 | +€23,812 | +186% |
| Fixed assets | 21/28 | - | €1,711 | +€1,711 | |
| Tangible fixed assets | 22/27 | - | €1,711 | +€1,711 | |
| Furniture and vehicles | 24 | - | €1,711 | +€1,711 | |
| Current assets | 29/58 | €12,791 | €34,892 | +€22,101 | +173% |
| Amounts receivable within one year | 40/41 | €7,223 | €31,728 | +€24,505 | +339% |
| Trade receivables | 40 | €2,223 | €17,702 | +€15,479 | +696% |
| Other amounts receivable | 41 | €5,000 | €14,026 | +€9,027 | +181% |
| Cash at bank and in hand | 54/58 | €5,568 | €2,655 | -€2,913 | -52.3% |
| Deferred charges and accrued income | 490/1 | - | €509 | +€509 | |
| Total equity and liabilities | 10/49 | €12,791 | €36,603 | +€23,812 | +186% |
| Equity | 10/15 | €4,286 | €10,443 | +€6,157 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,286 | €7,443 | +€6,157 | +479% |
| Amounts payable | 17/49 | €8,505 | €26,160 | +€17,655 | +208% |
| Amounts payable within one year | 42/48 | €8,505 | €26,160 | +€17,655 | +208% |
| Trade debts | 44 | €529 | €125 | -€404 | -76.4% |
| Suppliers | 440/4 | €529 | €125 | -€404 | -76.4% |
| Taxes, remuneration and social security | 45 | €7,976 | €26,035 | +€18,059 | +226% |
| Taxes | 450/3 | €7,976 | €24,035 | +€16,059 | +201% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €551 | +€551 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,273 | €11,979 | +€9,706 | +427% |
| Operating profit (loss) | 9901 | €1,886 | €11,029 | +€9,143 | +485% |
| Financial income | 75/76B | €477 | €784 | +€307 | +64.3% |
| Recurring financial income | 75 | €477 | €784 | +€307 | +64.3% |
| Financial charges | 65/66B | €130 | €3,032 | +€2,902 | +2,232% |
| Recurring financial charges | 65 | €130 | €3,032 | +€2,902 | +2,232% |
| Profit (loss) for the period before taxes | 9903 | €2,233 | €8,781 | +€6,548 | +293% |
| Income taxes | 67/77 | €947 | €2,625 | +€1,678 | +177% |
| Profit (loss) for the period | 9904 | €1,286 | €6,157 | +€4,871 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €1,286 | €6,157 | +€4,871 | +379% |
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 18 October 2026 via checked.be.