Lundredi: 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.
Lundredi
Largest movements
- Receivables within one year +€18,514
up €18,514 (+40.5%), from €45,698 to €64,212
of which Other amounts receivable: +€17,643
- Cash -€18,247
down €18,247 (-41.9%), from €43,540 to €25,293
mainly Receivables within one year (-€18,514) and Tax, wage and social debts (-€7,470)
- Reserves +€8,506
up €8,506 (+12.0%), from €71,037 to €79,543
- Tax, wage and social debts -€7,470
down €7,470 (-25.0%), from €29,904 to €22,434
- Gross operating margin -€74,022
down €74,022 (-80.9%), from €91,535 to €17,514
- Taxes -€15,548
down €15,548 (-85.2%), from €18,243 to €2,696
- Depreciation +€4,249
up €4,249 (+426%), from €998 to €5,247
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 | €107,265 | €107,914 | +€649 | +0.6% |
| Fixed assets | 21/28 | €17,535 | €18,409 | +€874 | +5.0% |
| Tangible fixed assets | 22/27 | €17,535 | €18,409 | +€874 | +5.0% |
| Furniture and vehicles | 24 | €12,068 | €10,220 | -€1,848 | -15.3% |
| Other tangible fixed assets | 26 | €5,467 | €8,189 | +€2,722 | +49.8% |
| Current assets | 29/58 | €89,730 | €89,505 | -€225 | -0.3% |
| Amounts receivable within one year | 40/41 | €45,698 | €64,212 | +€18,514 | +40.5% |
| Trade receivables | 40 | €42,689 | €43,560 | +€871 | +2.0% |
| Other amounts receivable | 41 | €3,010 | €20,652 | +€17,643 | +586% |
| Cash at bank and in hand | 54/58 | €43,540 | €25,293 | -€18,247 | -41.9% |
| Deferred charges and accrued income | 490/1 | €492 | €0 | -€492 | -100% |
| Total equity and liabilities | 10/49 | €107,265 | €107,914 | +€649 | +0.6% |
| Equity | 10/15 | €74,037 | €82,543 | +€8,506 | +11.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,037 | €79,543 | +€8,506 | +12.0% |
| Distributable reserves | 133 | €71,037 | €79,543 | +€8,506 | +12.0% |
| Amounts payable | 17/49 | €33,228 | €25,371 | -€7,857 | -23.6% |
| Amounts payable within one year | 42/48 | €33,228 | €25,371 | -€7,857 | -23.6% |
| Trade debts | 44 | €3,324 | €2,937 | -€388 | -11.7% |
| Suppliers | 440/4 | €3,324 | €2,937 | -€388 | -11.7% |
| Taxes, remuneration and social security | 45 | €29,904 | €22,434 | -€7,470 | -25.0% |
| Taxes | 450/3 | €29,904 | €22,434 | -€7,470 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €5,247 | +€4,249 | +426% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140% |
| Gross operating margin | 9900 | €91,535 | €17,514 | -€74,022 | -80.9% |
| Operating profit (loss) | 9901 | €90,487 | €12,147 | -€78,340 | -86.6% |
| Financial income | 75/76B | €35 | €648 | +€612 | +1,731% |
| Recurring financial income | 75 | €35 | €648 | +€612 | +1,731% |
| Financial charges | 65/66B | €1,242 | €1,507 | +€265 | +21.3% |
| Recurring financial charges | 65 | €1,242 | €1,507 | +€265 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €89,280 | €11,287 | -€77,993 | -87.4% |
| Income taxes | 67/77 | €18,243 | €2,696 | -€15,548 | -85.2% |
| Profit (loss) for the period | 9904 | €71,037 | €8,592 | -€62,445 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,037 | €8,592 | -€62,445 | -87.9% |
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 15 October 2026 via checked.be.