LUNO & CHAMALO: 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.
LUNO & CHAMALO
Largest movements
- Cash -€62,000
down €62,000 (-53.9%), from €115,000 to €53,000
mainly Investment in fixed assets (net) (-€56,425) and Contributions, distributions and other (-€50,998)
- Tangible fixed assets +€50,171
up €50,171 (+252%), from €19,917 to €70,088
of which Other tangible fixed assets: +€55,367
- Receivables within one year -€9,530
down €9,530 (-10.0%), from €95,480 to €85,950
of which Trade receivables: -€13,021
- Tax, wage and social debts -€21,819
down €21,819 (-50.6%), from €43,127 to €21,308
- Trade debts +€17,162
up €17,162 (+418%), from €4,108 to €21,271
- Debts after one year -€11,977
down €11,977 (-31.9%), from €37,572 to €25,595
- Current portion of long-term debt -€7,304
down €7,304 (-37.9%), from €19,281 to €11,977
- Other debts +€2,580
up €2,580 (+203%), from €1,270 to €3,849
- Gross operating margin -€14,197
down €14,197 (-16.0%), from €88,513 to €74,316
- Other operating charges -€4,807
down €4,807 (-82.5%), from €5,830 to €1,023
- Depreciation +€1,058
up €1,058 (+20.4%), from €5,196 to €6,254
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 | €230,397 | €209,038 | -€21,359 | -9.3% |
| Fixed assets | 21/28 | €19,917 | €70,088 | +€50,171 | +252% |
| Tangible fixed assets | 22/27 | €19,917 | €70,088 | +€50,171 | +252% |
| Furniture and vehicles | 24 | €19,917 | €14,721 | -€5,196 | -26.1% |
| Other tangible fixed assets | 26 | - | €55,367 | +€55,367 | |
| Current assets | 29/58 | €210,480 | €138,950 | -€71,530 | -34.0% |
| Amounts receivable within one year | 40/41 | €95,480 | €85,950 | -€9,530 | -10.0% |
| Trade receivables | 40 | €13,457 | €436 | -€13,021 | -96.8% |
| Other amounts receivable | 41 | €82,023 | €85,514 | +€3,491 | +4.3% |
| Cash at bank and in hand | 54/58 | €115,000 | €53,000 | -€62,000 | -53.9% |
| Total equity and liabilities | 10/49 | €230,397 | €209,038 | -€21,359 | -9.3% |
| Equity | 10/15 | €125,039 | €125,039 | -€0 | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €123,039 | €123,039 | -€0 | 0.0% |
| Distributable reserves | 133 | €123,039 | €123,039 | -€0 | 0.0% |
| Amounts payable | 17/49 | €105,358 | €83,999 | -€21,358 | -20.3% |
| Amounts payable after more than one year | 17 | €37,572 | €25,595 | -€11,977 | -31.9% |
| Financial debts | 170/4 | €37,572 | €25,595 | -€11,977 | -31.9% |
| Amounts payable within one year | 42/48 | €67,786 | €58,405 | -€9,381 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €19,281 | €11,977 | -€7,304 | -37.9% |
| Trade debts | 44 | €4,108 | €21,271 | +€17,162 | +418% |
| Suppliers | 440/4 | €4,108 | €21,271 | +€17,162 | +418% |
| Taxes, remuneration and social security | 45 | €43,127 | €21,308 | -€21,819 | -50.6% |
| Taxes | 450/3 | €43,127 | €21,308 | -€21,819 | -50.6% |
| Other amounts payable | 47/48 | €1,270 | €3,849 | +€2,580 | +203% |
| Non-recurring operating income | 76A | €10,235 | - | -€10,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €6,254 | +€1,058 | +20.4% |
| Other operating charges | 640/8 | €5,830 | €1,023 | -€4,807 | -82.5% |
| Gross operating margin | 9900 | €88,513 | €74,316 | -€14,197 | -16.0% |
| Operating profit (loss) | 9901 | €77,487 | €67,039 | -€10,448 | -13.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +14.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +14.7% |
| Financial charges | 65/66B | €2,795 | €2,115 | -€680 | -24.3% |
| Recurring financial charges | 65 | €2,795 | €2,115 | -€680 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €74,692 | €64,925 | -€9,768 | -13.1% |
| Income taxes | 67/77 | €14,392 | €13,927 | -€464 | -3.2% |
| Profit (loss) for the period | 9904 | €60,300 | €50,997 | -€9,303 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,300 | €50,997 | -€9,303 | -15.4% |
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.