LUNE: 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.
LUNE
Largest movements
- Receivables within one year +€89,807
up €89,807 (+296.1%), from €30,328 to €120,135
of which Trade receivables: +€70,586
- Tangible fixed assets +€40,710
up €40,710 (+13.2%), from €307,407 to €348,117
of which Land and buildings: +€41,104
- Cash +€24,947
up €24,947 (+54.7%), from €45,648 to €70,595
mainly Trade debts (+€72,135) and Debts after one year (+€60,291)
- Trade debts +€72,135
up €72,135 (+448.9%), from €16,070 to €88,205
- Debts after one year +€60,291
up €60,291 (+23.9%), from €251,895 to €312,186
- Reserves +€25,921
up €25,921 (+37.5%), from €69,141 to €95,061
- Current portion of long-term debt -€6,071
down €6,071 (-28.3%), from €21,422 to €15,352
- Staff costs +€17,497
up €17,497 (+6.1%), from €288,536 to €306,033
- Taxes -€4,550
down €4,550 (-31.5%), from €14,458 to €9,908
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.
Cash bridge derived
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 | €397,050 | €551,316 | +€154,267 | +38.9% |
| Fixed assets | 21/28 | €314,732 | €353,017 | +€38,285 | +12.2% |
| Intangible fixed assets | 21 | €2,426 | €0 | -€2,426 | -100.0% |
| Tangible fixed assets | 22/27 | €307,407 | €348,117 | +€40,710 | +13.2% |
| Land and buildings | 22 | €278,763 | €319,867 | +€41,104 | +14.7% |
| Plant, machinery and equipment | 23 | €14,371 | €14,392 | +€21 | +0.1% |
| Furniture and vehicles | 24 | €14,273 | €13,858 | -€415 | -2.9% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €82,317 | €198,299 | +€115,982 | +140.9% |
| Stocks and contracts in progress | 3 | €6,309 | €7,323 | +€1,015 | +16.1% |
| Stocks | 30/36 | €6,309 | €7,323 | +€1,015 | +16.1% |
| Amounts receivable within one year | 40/41 | €30,328 | €120,135 | +€89,807 | +296.1% |
| Trade receivables | 40 | €15,601 | €86,187 | +€70,586 | +452.4% |
| Other amounts receivable | 41 | €14,727 | €33,948 | +€19,220 | +130.5% |
| Cash at bank and in hand | 54/58 | €45,648 | €70,595 | +€24,947 | +54.7% |
| Deferred charges and accrued income | 490/1 | €33 | €246 | +€214 | +655.4% |
| Total equity and liabilities | 10/49 | €397,050 | €551,316 | +€154,267 | +38.9% |
| Equity | 10/15 | €69,241 | €95,161 | +€25,921 | +37.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €69,141 | €95,061 | +€25,921 | +37.5% |
| Distributable reserves | 133 | €69,141 | €95,061 | +€25,921 | +37.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €327,809 | €456,155 | +€128,346 | +39.2% |
| Amounts payable after more than one year | 17 | €251,895 | €312,186 | +€60,291 | +23.9% |
| Financial debts | 170/4 | €251,895 | €312,186 | +€60,291 | +23.9% |
| Amounts payable within one year | 42/48 | €75,915 | €143,970 | +€68,055 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €21,422 | €15,352 | -€6,071 | -28.3% |
| Trade debts | 44 | €16,070 | €88,205 | +€72,135 | +448.9% |
| Suppliers | 440/4 | €16,070 | €88,205 | +€72,135 | +448.9% |
| Taxes, remuneration and social security | 45 | €38,422 | €40,413 | +€1,991 | +5.2% |
| Taxes | 450/3 | €9,824 | €9,839 | +€15 | +0.2% |
| Remuneration and social security | 454/9 | €28,598 | €30,574 | +€1,976 | +6.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €288,536 | €306,033 | +€17,497 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,375 | €35,207 | +€831 | +2.4% |
| Other operating charges | 640/8 | €5,647 | €4,997 | -€650 | -11.5% |
| Gross operating margin | 9900 | €394,791 | €394,352 | -€439 | -0.1% |
| Operating profit (loss) | 9901 | €66,233 | €48,115 | -€18,118 | -27.4% |
| Financial income | 75/76B | €286 | €865 | +€579 | +202.1% |
| Recurring financial income | 75 | €286 | €865 | +€579 | +202.1% |
| Financial charges | 65/66B | €16,073 | €13,152 | -€2,921 | -18.2% |
| Recurring financial charges | 65 | €16,073 | €13,152 | -€2,921 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €50,447 | €35,829 | -€14,619 | -29.0% |
| Income taxes | 67/77 | €14,458 | €9,908 | -€4,550 | -31.5% |
| Profit (loss) for the period | 9904 | €35,989 | €25,921 | -€10,069 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,989 | €25,921 | -€10,069 | -28.0% |
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 11 October 2026 via checked.be.