LUNUS: 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.
LUNUS
Largest movements
- Cash +€76,049
up €76,049 (+75.0%), from €101,336 to €177,385
mainly Net result for the year (+€48,229) and Depreciation (+€30,369)
- Tangible fixed assets -€25,493
down €25,493 (-6.3%), from €406,608 to €381,115
of which Other tangible fixed assets: -€16,737
- Receivables within one year +€8,956
up €8,956 (+6.9%), from €129,479 to €138,434
of which Other amounts receivable: +€9,563
- Reserves +€48,229
up €48,229 (+12.6%), from €381,373 to €429,602
- Other debts -€15,491
down €15,491 (-8.3%), from €186,189 to €170,699
- Tax, wage and social debts +€13,670
up €13,670 (+121.9%), from €11,215 to €24,884
- Accrued charges and deferred income +€12,533
up €12,533 (+30.0%), from €41,720 to €54,253
- Gross operating margin -€57,860
down €57,860 (-34.8%), from €166,357 to €108,497
- Depreciation -€29,135
down €29,135 (-49.0%), from €59,504 to €30,369
- Taxes +€14,966
up €14,966 (+2944.9%), from €508 to €15,474
- Financial charges -€7,909
down €7,909 (-29.3%), from €26,971 to €19,062
- Financial income +€5,570
up €5,570 (+5063536.4%), from €0 to €5,570
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 | €638,691 | €697,718 | +€59,028 | +9.2% |
| Fixed assets | 21/28 | €406,608 | €381,115 | -€25,493 | -6.3% |
| Tangible fixed assets | 22/27 | €406,608 | €381,115 | -€25,493 | -6.3% |
| Land and buildings | 22 | €230,798 | €219,830 | -€10,968 | -4.8% |
| Plant, machinery and equipment | 23 | €1,639 | €1,151 | -€488 | -29.8% |
| Furniture and vehicles | 24 | €7,429 | €10,129 | +€2,700 | +36.3% |
| Other tangible fixed assets | 26 | €166,743 | €150,005 | -€16,737 | -10.0% |
| Current assets | 29/58 | €232,083 | €316,603 | +€84,521 | +36.4% |
| Amounts receivable within one year | 40/41 | €129,479 | €138,434 | +€8,956 | +6.9% |
| Trade receivables | 40 | €19,706 | €19,099 | -€607 | -3.1% |
| Other amounts receivable | 41 | €109,772 | €119,335 | +€9,563 | +8.7% |
| Cash at bank and in hand | 54/58 | €101,336 | €177,385 | +€76,049 | +75.0% |
| Deferred charges and accrued income | 490/1 | €1,268 | €784 | -€484 | -38.2% |
| Total equity and liabilities | 10/49 | €638,691 | €697,718 | +€59,028 | +9.2% |
| Equity | 10/15 | €393,873 | €442,102 | +€48,229 | +12.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €381,373 | €429,602 | +€48,229 | +12.6% |
| Distributable reserves | 133 | €381,373 | €429,602 | +€48,229 | +12.6% |
| Amounts payable | 17/49 | €244,818 | €255,616 | +€10,799 | +4.4% |
| Amounts payable within one year | 42/48 | €203,098 | €201,363 | -€1,734 | -0.9% |
| Trade debts | 44 | €5,694 | €5,780 | +€87 | +1.5% |
| Suppliers | 440/4 | €5,694 | €5,780 | +€87 | +1.5% |
| Taxes, remuneration and social security | 45 | €11,215 | €24,884 | +€13,670 | +121.9% |
| Taxes | 450/3 | €11,215 | €24,884 | +€13,670 | +121.9% |
| Other amounts payable | 47/48 | €186,189 | €170,699 | -€15,491 | -8.3% |
| Accrued charges and deferred income | 492/3 | €41,720 | €54,253 | +€12,533 | +30.0% |
| Non-recurring operating income | 76A | €23,425 | - | -€23,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,504 | €30,369 | -€29,135 | -49.0% |
| Other operating charges | 640/8 | €1,987 | €933 | -€1,053 | -53.0% |
| Non-recurring operating charges | 66A | €72,671 | - | -€72,671 | |
| Gross operating margin | 9900 | €166,357 | €108,497 | -€57,860 | -34.8% |
| Operating profit (loss) | 9901 | €32,194 | €77,195 | +€45,000 | +139.8% |
| Financial income | 75/76B | €0 | €5,570 | +€5,570 | +5063536.4% |
| Recurring financial income | 75 | €0 | €5,570 | +€5,570 | +5063536.4% |
| Financial charges | 65/66B | €26,971 | €19,062 | -€7,909 | -29.3% |
| Recurring financial charges | 65 | €26,971 | €19,062 | -€7,909 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €5,224 | €63,703 | +€58,479 | +1119.5% |
| Income taxes | 67/77 | €508 | €15,474 | +€14,966 | +2944.9% |
| Profit (loss) for the period | 9904 | €4,716 | €48,229 | +€43,513 | +922.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,716 | €48,229 | +€43,513 | +922.7% |
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 9 October 2026 via checked.be.