LUNOVA: 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.
LUNOVA
Largest movements
- Cash +€152,727
up €152,727 (+138.3%), from €110,430 to €263,157
mainly Net result for the year (+€93,131) and Other debts (+€27,555)
- Tangible fixed assets -€12,026
down €12,026 (-21.9%), from €54,923 to €42,896
of which Furniture and vehicles: -€11,715
- Reserves +€93,131
up €93,131 (+96.2%), from €96,775 to €189,907
- Other debts +€27,555
up €27,555 (+81.1%), from €33,990 to €61,545
- Tax, wage and social debts +€16,815
up €16,815 (+52.4%), from €32,093 to €48,909
- Gross operating margin +€38,141
up €38,141 (+36.5%), from €104,412 to €142,553
- Taxes +€7,775
up €7,775 (+42.3%), from €18,388 to €26,164
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 | €166,422 | €307,615 | +€141,193 | +84.8% |
| Fixed assets | 21/28 | €54,923 | €42,896 | -€12,026 | -21.9% |
| Tangible fixed assets | 22/27 | €54,923 | €42,896 | -€12,026 | -21.9% |
| Plant, machinery and equipment | 23 | €529 | €218 | -€311 | -58.8% |
| Furniture and vehicles | 24 | €54,394 | €42,679 | -€11,715 | -21.5% |
| Current assets | 29/58 | €111,499 | €264,718 | +€153,220 | +137.4% |
| Amounts receivable within one year | 40/41 | - | €426 | +€426 | |
| Trade receivables | 40 | - | €426 | +€426 | |
| Cash at bank and in hand | 54/58 | €110,430 | €263,157 | +€152,727 | +138.3% |
| Deferred charges and accrued income | 490/1 | €1,069 | €1,136 | +€67 | +6.2% |
| Total equity and liabilities | 10/49 | €166,422 | €307,615 | +€141,193 | +84.8% |
| Equity | 10/15 | €99,775 | €192,907 | +€93,131 | +93.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,775 | €189,907 | +€93,131 | +96.2% |
| Distributable reserves | 133 | €96,775 | €189,907 | +€93,131 | +96.2% |
| Amounts payable | 17/49 | €66,646 | €114,708 | +€48,062 | +72.1% |
| Amounts payable within one year | 42/48 | €66,646 | €112,341 | +€45,695 | +68.6% |
| Trade debts | 44 | €563 | €1,887 | +€1,325 | +235.5% |
| Suppliers | 440/4 | €563 | €1,887 | +€1,325 | +235.5% |
| Taxes, remuneration and social security | 45 | €32,093 | €48,909 | +€16,815 | +52.4% |
| Taxes | 450/3 | €32,093 | €48,909 | +€16,815 | +52.4% |
| Other amounts payable | 47/48 | €33,990 | €61,545 | +€27,555 | +81.1% |
| Accrued charges and deferred income | 492/3 | - | €2,367 | +€2,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,919 | €15,228 | +€1,309 | +9.4% |
| Other operating charges | 640/8 | €871 | €970 | +€99 | +11.4% |
| Non-recurring operating charges | 66A | - | €3,561 | +€3,561 | |
| Gross operating margin | 9900 | €104,412 | €142,553 | +€38,141 | +36.5% |
| Operating profit (loss) | 9901 | €89,622 | €122,794 | +€33,172 | +37.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,424 | €3,499 | +€1,075 | +44.3% |
| Recurring financial charges | 65 | €2,424 | €3,499 | +€1,075 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €87,198 | €119,295 | +€32,097 | +36.8% |
| Income taxes | 67/77 | €18,388 | €26,164 | +€7,775 | +42.3% |
| Profit (loss) for the period | 9904 | €68,809 | €93,131 | +€24,322 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,809 | €93,131 | +€24,322 | +35.3% |
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 2 October 2026 via checked.be.