LUNETTE: 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.
LUNETTE
Largest movements
- Receivables within one year -€514,066
down €514,066 (-85.3%), from €602,618 to €88,552
- Tangible fixed assets -€56,133
down €56,133 (-27.0%), from €208,206 to €152,073
- Cash +€34,172
up €34,172 (+19.7%), from €173,037 to €207,209
mainly Receivables within one year (+€514,066) and Net result for the year (+€285,173)
- Stocks and contracts +€11,828
up €11,828 (+10.2%), from €116,360 to €128,187
- Reserves -€299,926
down €299,926 (-98.4%), from €304,786 to €4,860
of which Distributable reserves: -€299,926
- Other debts -€150,000
down €150,000 (-34.3%), from €437,862 to €287,862
- Debts after one year -€45,064
down €45,064 (-46.0%), from €97,928 to €52,863
- Trade debts -€39,411
down €39,411 (-57.3%), from €68,803 to €29,393
- Gross operating margin +€104,088
up €104,088 (+24.3%), from €428,105 to €532,193
- Staff costs +€36,896
up €36,896 (+34.2%), from €107,772 to €144,668
- Write-downs +€20,598
up €20,598, from -€20,598 to €0
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 | €1,109,183 | €584,181 | -€525,002 | -47.3% |
| Fixed assets | 21/28 | €213,313 | €154,832 | -€58,481 | -27.4% |
| Intangible fixed assets | 21 | €5,107 | €2,759 | -€2,348 | -46.0% |
| Tangible fixed assets | 22/27 | €208,206 | €152,073 | -€56,133 | -27.0% |
| Land and buildings | 22 | €113,437 | €89,530 | -€23,907 | -21.1% |
| Plant, machinery and equipment | 23 | €32,457 | €12,674 | -€19,782 | -60.9% |
| Furniture and vehicles | 24 | €62,312 | €49,869 | -€12,443 | -20.0% |
| Current assets | 29/58 | €895,870 | €429,349 | -€466,521 | -52.1% |
| Stocks and contracts in progress | 3 | €116,360 | €128,187 | +€11,828 | +10.2% |
| Stocks | 30/36 | €116,360 | €128,187 | +€11,828 | +10.2% |
| Amounts receivable within one year | 40/41 | €602,618 | €88,552 | -€514,066 | -85.3% |
| Other amounts receivable | 41 | €602,618 | €88,552 | -€514,066 | -85.3% |
| Cash at bank and in hand | 54/58 | €173,037 | €207,209 | +€34,172 | +19.7% |
| Deferred charges and accrued income | 490/1 | €3,855 | €5,400 | +€1,545 | +40.1% |
| Total equity and liabilities | 10/49 | €1,109,183 | €584,181 | -€525,002 | -47.3% |
| Equity | 10/15 | €430,762 | €133,798 | -€296,964 | -68.9% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €304,786 | €4,860 | -€299,926 | -98.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €304,786 | €4,860 | -€299,926 | -98.4% |
| Profit (loss) carried forward | 14 | €77,376 | €80,338 | +€2,962 | +3.8% |
| Amounts payable | 17/49 | €678,421 | €450,383 | -€228,038 | -33.6% |
| Amounts payable after more than one year | 17 | €97,928 | €52,863 | -€45,064 | -46.0% |
| Financial debts | 170/4 | €97,928 | €52,863 | -€45,064 | -46.0% |
| Amounts payable within one year | 42/48 | €580,493 | €397,519 | -€182,974 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €44,284 | €45,064 | +€780 | +1.8% |
| Trade debts | 44 | €68,803 | €29,393 | -€39,411 | -57.3% |
| Suppliers | 440/4 | €68,803 | €29,393 | -€39,411 | -57.3% |
| Taxes, remuneration and social security | 45 | €29,544 | €35,201 | +€5,657 | +19.1% |
| Taxes | 450/3 | €23,094 | €26,217 | +€3,123 | +13.5% |
| Remuneration and social security | 454/9 | €6,450 | €8,984 | +€2,533 | +39.3% |
| Other amounts payable | 47/48 | €437,862 | €287,862 | -€150,000 | -34.3% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €107,772 | €144,668 | +€36,896 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,977 | €66,363 | +€1,387 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,598 | €0 | +€20,598 | |
| Other operating charges | 640/8 | €2,935 | €3,028 | +€94 | +3.2% |
| Non-recurring operating charges | 66A | €25,000 | €25,000 | = | 0.0% |
| Gross operating margin | 9900 | €428,105 | €532,193 | +€104,088 | +24.3% |
| Operating profit (loss) | 9901 | €248,020 | €293,133 | +€45,113 | +18.2% |
| Financial income | 75/76B | €12,597 | €16,018 | +€3,421 | +27.2% |
| Recurring financial income | 75 | €12,597 | €16,018 | +€3,421 | +27.2% |
| Financial charges | 65/66B | €6,541 | €5,816 | -€725 | -11.1% |
| Recurring financial charges | 65 | €6,541 | €5,816 | -€725 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €254,076 | €303,335 | +€49,259 | +19.4% |
| Income taxes | 67/77 | €15,707 | €18,162 | +€2,454 | +15.6% |
| Profit (loss) for the period | 9904 | €238,369 | €285,173 | +€46,804 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €238,369 | €285,173 | +€46,804 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.