Lunerix: 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.
Lunerix
Largest movements
- Current investments +€230,598
new in 2025: €230,598
- Cash -€57,019
down €57,019 (-28.3%), from €201,215 to €144,196
mainly Current investments (-€230,598) and Receivables within one year (-€10,308)
- Receivables within one year +€10,308
up €10,308 (+20.1%), from €51,205 to €61,513
- Profit (loss) carried forward +€148,185
up €148,185 (+80.8%), from €183,287 to €331,472
- Trade debts +€39,119
up €39,119 (+319.4%), from €12,246 to €51,365
- Gross operating margin -€6,277
down €6,277 (-3.2%), from €198,252 to €191,975
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 | €261,020 | €443,200 | +€182,180 | +69.8% |
| Fixed assets | 21/28 | €5,328 | €3,342 | -€1,986 | -37.3% |
| Tangible fixed assets | 22/27 | €5,328 | €3,342 | -€1,986 | -37.3% |
| Furniture and vehicles | 24 | €5,328 | €3,342 | -€1,986 | -37.3% |
| Current assets | 29/58 | €255,692 | €439,858 | +€184,166 | +72.0% |
| Amounts receivable within one year | 40/41 | €51,205 | €61,513 | +€10,308 | +20.1% |
| Trade receivables | 40 | €51,205 | €61,513 | +€10,308 | +20.1% |
| Current investments | 50/53 | - | €230,598 | +€230,598 | |
| Cash at bank and in hand | 54/58 | €201,215 | €144,196 | -€57,019 | -28.3% |
| Deferred charges and accrued income | 490/1 | €3,272 | €3,550 | +€279 | +8.5% |
| Total equity and liabilities | 10/49 | €261,020 | €443,200 | +€182,180 | +69.8% |
| Equity | 10/15 | €184,287 | €332,472 | +€148,185 | +80.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,287 | €331,472 | +€148,185 | +80.8% |
| Amounts payable | 17/49 | €76,733 | €110,728 | +€33,995 | +44.3% |
| Amounts payable within one year | 42/48 | €76,733 | €110,728 | +€33,995 | +44.3% |
| Trade debts | 44 | €12,246 | €51,365 | +€39,119 | +319.4% |
| Suppliers | 440/4 | €12,246 | €51,365 | +€39,119 | +319.4% |
| Taxes, remuneration and social security | 45 | €53,472 | €52,388 | -€1,085 | -2.0% |
| Taxes | 450/3 | €53,472 | €52,388 | -€1,085 | -2.0% |
| Other amounts payable | 47/48 | €11,014 | €6,976 | -€4,039 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | €1,986 | +€794 | +66.6% |
| Other operating charges | 640/8 | €99 | €188 | +€89 | +89.5% |
| Gross operating margin | 9900 | €198,252 | €191,975 | -€6,277 | -3.2% |
| Operating profit (loss) | 9901 | €196,960 | €189,800 | -€7,160 | -3.6% |
| Financial income | 75/76B | €1,049 | €2,082 | +€1,033 | +98.5% |
| Recurring financial income | 75 | €1,049 | €2,082 | +€1,033 | +98.5% |
| Financial charges | 65/66B | €401 | €415 | +€13 | +3.3% |
| Recurring financial charges | 65 | €401 | €415 | +€13 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €197,608 | €191,468 | -€6,140 | -3.1% |
| Income taxes | 67/77 | €44,511 | €43,283 | -€1,228 | -2.8% |
| Profit (loss) for the period | 9904 | €153,097 | €148,185 | -€4,912 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €153,097 | €148,185 | -€4,912 | -3.2% |
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 9 October 2026 via checked.be.