LUNGAMI: what changed
Two fiscal 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.
LUNGAMI
Largest movements
- Cash +€163,735
new in 2025: €163,735
mainly Current investments (+€162,179) and Provisions (+€56,941)
- Current investments -€162,179
no longer reported in 2025 (was €162,179)
- Tangible fixed assets +€51,275
up €51,275 (+546.2%), from €9,388 to €60,664
of which Furniture and vehicles: +€51,939
- Deferred charges and accrued income +€3,188
up €3,188 (+703.6%), from €453 to €3,641
- Receivables within one year +€3,176
up €3,176 (+7.8%), from €40,654 to €43,829
of which Other amounts receivable: +€9,899
- Provisions +€56,941
up €56,941 (+98.1%), from €58,052 to €114,993
- Profit (loss) carried forward +€23,050
up €23,050 (+34.0%), from €67,830 to €90,879
- Other debts -€14,141
down €14,141 (-100.0%), from €14,141 to €0
- Tax, wage and social debts -€7,572
down €7,572 (-92.0%), from €8,233 to €661
- Gross operating margin -€75,907
down €75,907 (-39.3%), from €193,060 to €117,154
- Taxes -€21,572
down €21,572 (-51.1%), from €42,233 to €20,661
- Depreciation +€11,803
up €11,803 (+506.3%), from €2,331 to €14,134
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 | €212,674 | €271,869 | +€59,195 | +27.8% |
| Fixed assets | 21/28 | €9,388 | €60,664 | +€51,275 | +546.2% |
| Tangible fixed assets | 22/27 | €9,388 | €60,664 | +€51,275 | +546.2% |
| Plant, machinery and equipment | 23 | €1,450 | €787 | -€663 | -45.8% |
| Furniture and vehicles | 24 | €7,939 | €59,877 | +€51,939 | +654.3% |
| Current assets | 29/58 | €203,285 | €211,205 | +€7,920 | +3.9% |
| Amounts receivable within one year | 40/41 | €40,654 | €43,829 | +€3,176 | +7.8% |
| Trade receivables | 40 | €40,654 | €33,930 | -€6,723 | -16.5% |
| Other amounts receivable | 41 | - | €9,899 | +€9,899 | |
| Current investments | 50/53 | €162,179 | - | -€162,179 | |
| Cash at bank and in hand | 54/58 | - | €163,735 | +€163,735 | |
| Deferred charges and accrued income | 490/1 | €453 | €3,641 | +€3,188 | +703.6% |
| Total equity and liabilities | 10/49 | €212,674 | €271,869 | +€59,195 | +27.8% |
| Equity | 10/15 | €129,770 | €152,819 | +€23,050 | +17.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,940 | €58,940 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,940 | €58,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,830 | €90,879 | +€23,050 | +34.0% |
| Provisions and deferred taxes | 16 | €58,052 | €114,993 | +€56,941 | +98.1% |
| Provisions for liabilities and charges | 160/5 | €58,052 | €114,993 | +€56,941 | +98.1% |
| Other liabilities and charges | 164/5 | €58,052 | €114,993 | +€56,941 | +98.1% |
| Amounts payable | 17/49 | €24,853 | €4,057 | -€20,795 | -83.7% |
| Amounts payable within one year | 42/48 | €24,853 | €4,057 | -€20,795 | -83.7% |
| Trade debts | 44 | €2,479 | €3,396 | +€917 | +37.0% |
| Suppliers | 440/4 | €2,479 | €3,396 | +€917 | +37.0% |
| Taxes, remuneration and social security | 45 | €8,233 | €661 | -€7,572 | -92.0% |
| Taxes | 450/3 | €8,233 | €661 | -€7,572 | -92.0% |
| Other amounts payable | 47/48 | €14,141 | €0 | -€14,141 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,331 | €14,134 | +€11,803 | +506.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €58,052 | €56,941 | -€1,110 | -1.9% |
| Other operating charges | 640/8 | - | €1,034 | +€1,034 | |
| Gross operating margin | 9900 | €193,060 | €117,154 | -€75,907 | -39.3% |
| Operating profit (loss) | 9901 | €132,677 | €45,044 | -€87,633 | -66.0% |
| Financial income | 75/76B | - | €307 | +€307 | |
| Recurring financial income | 75 | - | €307 | +€307 | |
| Financial charges | 65/66B | €10 | €1,640 | +€1,630 | +15700.2% |
| Recurring financial charges | 65 | €10 | €1,640 | +€1,630 | +15700.2% |
| Profit (loss) for the period before taxes | 9903 | €132,667 | €43,711 | -€88,956 | -67.1% |
| Income taxes | 67/77 | €42,233 | €20,661 | -€21,572 | -51.1% |
| Profit (loss) for the period | 9904 | €90,434 | €23,050 | -€67,384 | -74.5% |
| Transfer to tax-exempt reserves | 689 | €58,940 | €0 | -€58,940 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,494 | €23,050 | -€8,444 | -26.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.