LUNE D'OCTOBRE: 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 D'OCTOBRE
Largest movements
- Tangible fixed assets +€123,786
up €123,786 (+178%), from €69,648 to €193,434
of which Land and buildings: +€79,525
- Receivables within one year +€47,092
up €47,092 (+73.2%), from €64,318 to €111,410
of which Trade receivables: +€62,350
- Stocks and contracts -€9,050
down €9,050 (-51.4%), from €17,592 to €8,542
- Cash +€8,337
up €8,337 (+61.7%), from €13,521 to €21,858
mainly Other debts (+€232,764) and Trade debts (+€106,035)
- Other debts +€232,764
up €232,764 (+50,373%), from €462 to €233,226
- Profit (loss) carried forward -€141,533
down €141,533, from €45,662 to -€95,871
- Trade debts +€106,035
up €106,035 (+552%), from €19,219 to €125,253
- Tax, wage and social debts -€21,101
down €21,101 (-60.7%), from €34,754 to €13,653
of which Remuneration and social security: -€15,979
- Current portion of long-term debt -€3,847
no longer reported in 2025 (was €3,847)
- Gross operating margin -€295,953
down €295,953, from €221,834 to -€74,118
- Staff costs -€84,876
down €84,876 (-69.5%), from €122,180 to €37,305
- Taxes -€19,215
down €19,215, from €14,093 to -€5,122
- Financial income +€7,231
up €7,231 (+1,364,406%), from €1 to €7,232
- Other operating charges +€5,284
up €5,284 (+63.2%), from €8,358 to €13,642
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 | €171,719 | €341,884 | +€170,165 | +99.1% |
| Fixed assets | 21/28 | €76,288 | €200,074 | +€123,786 | +162% |
| Tangible fixed assets | 22/27 | €69,648 | €193,434 | +€123,786 | +178% |
| Land and buildings | 22 | €44,365 | €123,890 | +€79,525 | +179% |
| Plant, machinery and equipment | 23 | €12,233 | €63,119 | +€50,885 | +416% |
| Furniture and vehicles | 24 | €13,050 | €6,426 | -€6,624 | -50.8% |
| Financial fixed assets | 28 | €6,640 | €6,640 | = | 0.0% |
| Current assets | 29/58 | €95,431 | €141,810 | +€46,379 | +48.6% |
| Stocks and contracts in progress | 3 | €17,592 | €8,542 | -€9,050 | -51.4% |
| Stocks | 30/36 | €17,592 | €8,542 | -€9,050 | -51.4% |
| Amounts receivable within one year | 40/41 | €64,318 | €111,410 | +€47,092 | +73.2% |
| Trade receivables | 40 | €24,748 | €87,097 | +€62,350 | +252% |
| Other amounts receivable | 41 | €39,570 | €24,313 | -€15,257 | -38.6% |
| Cash at bank and in hand | 54/58 | €13,521 | €21,858 | +€8,337 | +61.7% |
| Total equity and liabilities | 10/49 | €171,719 | €341,884 | +€170,165 | +99.1% |
| Equity | 10/15 | €111,122 | -€30,411 | -€141,533 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,662 | -€95,871 | -€141,533 | |
| Amounts payable | 17/49 | €60,597 | €372,296 | +€311,698 | +514% |
| Amounts payable within one year | 42/48 | €60,353 | €372,132 | +€311,779 | +517% |
| Current portion of amounts payable after more than one year | 42 | €3,847 | - | -€3,847 | |
| Trade debts | 44 | €19,219 | €125,253 | +€106,035 | +552% |
| Suppliers | 440/4 | €19,219 | €125,253 | +€106,035 | +552% |
| Advances received on contracts in progress | 46 | €2,071 | - | -€2,071 | |
| Taxes, remuneration and social security | 45 | €34,754 | €13,653 | -€21,101 | -60.7% |
| Taxes | 450/3 | €15,000 | €9,878 | -€5,122 | -34.1% |
| Remuneration and social security | 454/9 | €19,754 | €3,775 | -€15,979 | -80.9% |
| Other amounts payable | 47/48 | €462 | €233,226 | +€232,764 | +50,373% |
| Accrued charges and deferred income | 492/3 | €244 | €163 | -€81 | -33.2% |
| Remuneration, social security and pensions | 62 | €122,180 | €37,305 | -€84,876 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,365 | €24,303 | +€938 | +4.0% |
| Other operating charges | 640/8 | €8,358 | €13,642 | +€5,284 | +63.2% |
| Gross operating margin | 9900 | €221,834 | -€74,118 | -€295,953 | |
| Operating profit (loss) | 9901 | €67,931 | -€149,368 | -€217,299 | |
| Financial income | 75/76B | €1 | €7,232 | +€7,231 | +1,364,406% |
| Recurring financial income | 75 | €1 | €7,232 | +€7,231 | +1,364,406% |
| Financial charges | 65/66B | €5,388 | €4,519 | -€869 | -16.1% |
| Recurring financial charges | 65 | €5,388 | €4,519 | -€869 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €62,544 | -€146,655 | -€209,199 | |
| Income taxes | 67/77 | €14,093 | -€5,122 | -€19,215 | |
| Profit (loss) for the period | 9904 | €48,451 | -€141,533 | -€189,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,451 | -€141,533 | -€189,984 |
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 19 October 2026 via checked.be.