Lunsiefar: 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.
Lunsiefar
Largest movements
- Financial fixed assets +€77,206
up €77,206 (+11.5%), from €671,390 to €748,596
- Current investments -€70,097
down €70,097 (-82.5%), from €85,000 to €14,903
- Cash +€21,502
up €21,502 (+63.5%), from €33,880 to €55,383
mainly Current investments (+€70,097) and Net result for the year (+€42,525)
- Reserves +€40,000
up €40,000 (+57.1%), from €70,000 to €110,000
- Debts after one year -€37,500
down €37,500 (-5.7%), from €653,125 to €615,625
- Tax, wage and social debts +€19,691
up €19,691 (+52.3%), from €37,616 to €57,307
- Gross operating margin -€63,197
down €63,197 (-43.4%), from €145,549 to €82,352
- Taxes -€14,243
down €14,243 (-40.3%), from €35,383 to €21,141
- Financial charges -€11,961
down €11,961 (-38.4%), from €31,138 to €19,176
- Financial income +€5,283
up €5,283 (+450.4%), from €1,173 to €6,456
- Depreciation +€2,072
up €2,072 (+59.3%), from €3,494 to €5,567
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 | €812,999 | €839,787 | +€26,788 | +3.3% |
| Fixed assets | 21/28 | €693,343 | €768,686 | +€75,343 | +10.9% |
| Tangible fixed assets | 22/27 | €21,953 | €20,091 | -€1,863 | -8.5% |
| Plant, machinery and equipment | 23 | - | €2,270 | +€2,270 | |
| Furniture and vehicles | 24 | €21,953 | €17,820 | -€4,133 | -18.8% |
| Financial fixed assets | 28 | €671,390 | €748,596 | +€77,206 | +11.5% |
| Current assets | 29/58 | €119,656 | €71,101 | -€48,555 | -40.6% |
| Current investments | 50/53 | €85,000 | €14,903 | -€70,097 | -82.5% |
| Cash at bank and in hand | 54/58 | €33,880 | €55,383 | +€21,502 | +63.5% |
| Deferred charges and accrued income | 490/1 | €775 | €815 | +€40 | +5.2% |
| Total equity and liabilities | 10/49 | €812,999 | €839,787 | +€26,788 | +3.3% |
| Equity | 10/15 | €80,470 | €122,162 | +€41,692 | +51.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €110,000 | +€40,000 | +57.1% |
| Distributable reserves | 133 | €70,000 | €110,000 | +€40,000 | +57.1% |
| Profit (loss) carried forward | 14 | €5,470 | €7,162 | +€1,692 | +30.9% |
| Amounts payable | 17/49 | €732,529 | €717,625 | -€14,904 | -2.0% |
| Amounts payable after more than one year | 17 | €653,125 | €615,625 | -€37,500 | -5.7% |
| Financial debts | 170/4 | €653,125 | €615,625 | -€37,500 | -5.7% |
| Amounts payable within one year | 42/48 | €79,404 | €102,000 | +€22,596 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €37,500 | €37,500 | = | 0.0% |
| Trade debts | 44 | €212 | €1,976 | +€1,765 | +833.3% |
| Suppliers | 440/4 | €212 | €1,976 | +€1,765 | +833.3% |
| Taxes, remuneration and social security | 45 | €37,616 | €57,307 | +€19,691 | +52.3% |
| Taxes | 450/3 | €37,616 | €57,307 | +€19,691 | +52.3% |
| Other amounts payable | 47/48 | €4,076 | €5,217 | +€1,141 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,494 | €5,567 | +€2,072 | +59.3% |
| Other operating charges | 640/8 | €377 | €398 | +€21 | +5.6% |
| Gross operating margin | 9900 | €145,549 | €82,352 | -€63,197 | -43.4% |
| Operating profit (loss) | 9901 | €141,677 | €76,387 | -€65,291 | -46.1% |
| Financial income | 75/76B | €1,173 | €6,456 | +€5,283 | +450.4% |
| Recurring financial income | 75 | €1,173 | €6,456 | +€5,283 | +450.4% |
| Financial charges | 65/66B | €31,138 | €19,176 | -€11,961 | -38.4% |
| Recurring financial charges | 65 | €31,138 | €19,176 | -€11,961 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €111,712 | €63,666 | -€48,047 | -43.0% |
| Income taxes | 67/77 | €35,383 | €21,141 | -€14,243 | -40.3% |
| Profit (loss) for the period | 9904 | €76,329 | €42,525 | -€33,804 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,329 | €42,525 | -€33,804 | -44.3% |
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 5 October 2026 via checked.be.