LUNIMAX: 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.
LUNIMAX
Largest movements
- Current investments +€547,530
up €547,530 (+9.7%), from €5.7m to €6.2m
- Cash +€447,817
up €447,817 (+1,341%), from €33,382 to €481,199
mainly Net result for the year (+€1.0m) and Trade debts (+€3,648)
- Reserves +€1.0m
up €1.0m (+18.0%), from €5.8m to €6.8m
- Financial income +€915,345
up €915,345 (+453%), from €202,176 to €1.1m
- Financial charges +€97,924
up €97,924, from -€40,330 to €57,594
- Gross operating margin +€38,270
up €38,270 (+85.7%), from -€44,665 to -€6,395
- Taxes -€15,699
down €15,699 (-64.3%), from €24,412 to €8,712
- Other operating charges -€602
down €602 (-53.3%), from €1,130 to €528
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 | €6,192,149 | €7,236,569 | +€1.0m | +16.9% |
| Fixed assets | 21/28 | €412,774 | €412,774 | = | 0.0% |
| Financial fixed assets | 28 | €412,774 | €412,774 | = | 0.0% |
| Current assets | 29/58 | €5,779,375 | €6,823,795 | +€1.0m | +18.1% |
| Amounts receivable within one year | 40/41 | €77,985 | €127,605 | +€49,620 | +63.6% |
| Other amounts receivable | 41 | €77,985 | €127,605 | +€49,620 | +63.6% |
| Current investments | 50/53 | €5,667,460 | €6,214,990 | +€547,530 | +9.7% |
| Cash at bank and in hand | 54/58 | €33,382 | €481,199 | +€447,817 | +1,341% |
| Deferred charges and accrued income | 490/1 | €548 | €0 | -€548 | -100% |
| Total equity and liabilities | 10/49 | €6,192,149 | €7,236,569 | +€1.0m | +16.9% |
| Equity | 10/15 | €6,105,640 | €7,149,931 | +€1.0m | +17.1% |
| Contributions | 10/11 | €307,867 | €307,867 | = | 0.0% |
| Reserves | 13 | €5,797,773 | €6,842,065 | +€1.0m | +18.0% |
| Distributable reserves | 133 | €5,797,773 | €6,842,065 | +€1.0m | +18.0% |
| Amounts payable | 17/49 | €86,509 | €86,637 | +€129 | +0.1% |
| Amounts payable within one year | 42/48 | €8,448 | €7,496 | -€953 | -11.3% |
| Trade debts | 44 | - | €3,648 | +€3,648 | |
| Suppliers | 440/4 | - | €3,648 | +€3,648 | |
| Other amounts payable | 47/48 | €8,448 | €3,847 | -€4,601 | -54.5% |
| Accrued charges and deferred income | 492/3 | €78,061 | €79,142 | +€1,081 | +1.4% |
| Other operating charges | 640/8 | €1,130 | €528 | -€602 | -53.3% |
| Gross operating margin | 9900 | -€44,665 | -€6,395 | +€38,270 | +85.7% |
| Operating profit (loss) | 9901 | -€45,796 | -€6,923 | +€38,873 | +84.9% |
| Financial income | 75/76B | €202,176 | €1,117,521 | +€915,345 | +453% |
| Recurring financial income | 75 | €202,176 | €1,117,521 | +€915,345 | +453% |
| Financial charges | 65/66B | -€40,330 | €57,594 | +€97,924 | |
| Recurring financial charges | 65 | -€40,330 | €57,594 | +€97,924 | |
| Profit (loss) for the period before taxes | 9903 | €196,710 | €1,053,004 | +€856,294 | +435% |
| Income taxes | 67/77 | €24,412 | €8,712 | -€15,699 | -64.3% |
| Profit (loss) for the period | 9904 | €172,298 | €1,044,291 | +€871,993 | +506% |
| Profit (loss) for the period to be appropriated | 9905 | €172,298 | €1,044,291 | +€871,993 | +506% |
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 15 October 2026 via checked.be.