LUNGU: 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.
LUNGU
Largest movements
- Tangible fixed assets -€367,144
down €367,144 (-94.6%), from €388,160 to €21,016
of which Leasing and similar rights: -€352,920
- Cash -€22,256
down €22,256 (-80.9%), from €27,526 to €5,270
mainly Debts after one year (-€290,474) and Net result for the year (-€83,694)
- Deferred charges and accrued income -€9,680
down €9,680 (-61.3%), from €15,804 to €6,124
- Debts after one year -€290,474
down €290,474 (-88.1%), from €329,657 to €39,184
- Profit (loss) carried forward -€65,748
new in 2025: -€65,748
- Current portion of long-term debt -€40,484
down €40,484 (-66.1%), from €61,251 to €20,767
- Reserves -€17,945
no longer reported in 2025 (was €17,945)
- Trade debts +€14,875
up €14,875 (+130%), from €11,462 to €26,336
- Gross operating margin +€18,122
up €18,122 (+40.3%), from €45,015 to €63,137
- Staff costs +€10,691
up €10,691 (+67.5%), from €15,827 to €26,517
- Other operating charges +€8,782
up €8,782 (+94.2%), from €9,320 to €18,103
- Financial charges +€7,664
up €7,664 (+98.7%), from €7,763 to €15,427
- Depreciation -€3,499
down €3,499 (-17.7%), from €19,787 to €16,288
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 | €452,054 | €52,982 | -€399,073 | -88.3% |
| Fixed assets | 21/28 | €390,921 | €21,714 | -€369,207 | -94.4% |
| Intangible fixed assets | 21 | €2,576 | €512 | -€2,064 | -80.1% |
| Tangible fixed assets | 22/27 | €388,160 | €21,016 | -€367,144 | -94.6% |
| Plant, machinery and equipment | 23 | €7,581 | €4,902 | -€2,678 | -35.3% |
| Furniture and vehicles | 24 | €27,659 | €16,114 | -€11,546 | -41.7% |
| Leasing and similar rights | 25 | €352,920 | - | -€352,920 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €61,133 | €31,268 | -€29,865 | -48.9% |
| Stocks and contracts in progress | 3 | €12,542 | €12,652 | +€110 | +0.9% |
| Stocks | 30/36 | €12,542 | €12,652 | +€110 | +0.9% |
| Amounts receivable within one year | 40/41 | €5,261 | €7,222 | +€1,961 | +37.3% |
| Trade receivables | 40 | €5,057 | €7,180 | +€2,122 | +42.0% |
| Other amounts receivable | 41 | €203 | €43 | -€161 | -79.1% |
| Cash at bank and in hand | 54/58 | €27,526 | €5,270 | -€22,256 | -80.9% |
| Deferred charges and accrued income | 490/1 | €15,804 | €6,124 | -€9,680 | -61.3% |
| Total equity and liabilities | 10/49 | €452,054 | €52,982 | -€399,073 | -88.3% |
| Equity | 10/15 | €20,445 | -€63,248 | -€83,694 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,945 | - | -€17,945 | |
| Distributable reserves | 133 | €17,945 | - | -€17,945 | |
| Profit (loss) carried forward | 14 | - | -€65,748 | -€65,748 | |
| Amounts payable | 17/49 | €431,609 | €116,230 | -€315,379 | -73.1% |
| Amounts payable after more than one year | 17 | €329,657 | €39,184 | -€290,474 | -88.1% |
| Financial debts | 170/4 | €329,657 | €39,184 | -€290,474 | -88.1% |
| Amounts payable within one year | 42/48 | €101,952 | €77,046 | -€24,905 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €61,251 | €20,767 | -€40,484 | -66.1% |
| Trade debts | 44 | €11,462 | €26,336 | +€14,875 | +130% |
| Suppliers | 440/4 | €11,462 | €26,336 | +€14,875 | +130% |
| Taxes, remuneration and social security | 45 | €13,245 | €8,703 | -€4,542 | -34.3% |
| Taxes | 450/3 | €7,911 | €7,008 | -€903 | -11.4% |
| Remuneration and social security | 454/9 | €5,333 | €1,694 | -€3,639 | -68.2% |
| Other amounts payable | 47/48 | €15,994 | €21,240 | +€5,246 | +32.8% |
| Remuneration, social security and pensions | 62 | €15,827 | €26,517 | +€10,691 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,787 | €16,288 | -€3,499 | -17.7% |
| Other operating charges | 640/8 | €9,320 | €18,103 | +€8,782 | +94.2% |
| Non-recurring operating charges | 66A | €11,494 | €69,993 | +€58,500 | +509% |
| Gross operating margin | 9900 | €45,015 | €63,137 | +€18,122 | +40.3% |
| Operating profit (loss) | 9901 | -€11,413 | -€67,764 | -€56,352 | -494% |
| Financial income | 75/76B | €7 | €3 | -€4 | -58.7% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -58.7% |
| Financial charges | 65/66B | €7,763 | €15,427 | +€7,664 | +98.7% |
| Recurring financial charges | 65 | €7,763 | €15,427 | +€7,664 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,168 | -€83,188 | -€64,019 | -334% |
| Income taxes | 67/77 | €339 | €506 | +€167 | +49.2% |
| Profit (loss) for the period | 9904 | -€19,508 | -€83,694 | -€64,186 | -329% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,508 | -€83,694 | -€64,186 | -329% |
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 14 October 2026 via checked.be.