Tao Luna: 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.
Tao Luna
Largest movements
- Tangible fixed assets +€59,143
up €59,143 (+438%), from €13,509 to €72,652
of which Furniture and vehicles: +€61,951
- Cash -€23,683
down €23,683 (-9.0%), from €263,389 to €239,706
mainly Investment in fixed assets (net) (-€77,218) and Receivables within one year (-€9,322)
- Receivables within one year +€9,322
up €9,322 (+53.3%), from €17,495 to €26,817
of which Other amounts receivable: +€5,365
- Reserves +€40,277
up €40,277 (+15.2%), from €264,801 to €305,078
- Gross operating margin -€15,488
down €15,488 (-16.9%), from €91,751 to €76,263
- Depreciation +€12,976
up €12,976 (+254%), from €5,099 to €18,075
- Taxes -€7,986
down €7,986 (-32.4%), from €24,621 to €16,635
- Financial income -€1,956
no longer reported in 2025 (was €1,956)
- Staff costs -€1,507
no longer reported in 2025 (was €1,507)
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 | €295,241 | €339,175 | +€43,934 | +14.9% |
| Fixed assets | 21/28 | €13,509 | €72,652 | +€59,143 | +438% |
| Tangible fixed assets | 22/27 | €13,509 | €72,652 | +€59,143 | +438% |
| Plant, machinery and equipment | 23 | €7,334 | €5,128 | -€2,206 | -30.1% |
| Furniture and vehicles | 24 | €3,801 | €65,752 | +€61,951 | +1,630% |
| Other tangible fixed assets | 26 | €2,374 | €1,772 | -€602 | -25.4% |
| Current assets | 29/58 | €281,732 | €266,523 | -€15,209 | -5.4% |
| Amounts receivable within one year | 40/41 | €17,495 | €26,817 | +€9,322 | +53.3% |
| Trade receivables | 40 | €17,404 | €21,361 | +€3,957 | +22.7% |
| Other amounts receivable | 41 | €91 | €5,456 | +€5,365 | +5,896% |
| Cash at bank and in hand | 54/58 | €263,389 | €239,706 | -€23,683 | -9.0% |
| Deferred charges and accrued income | 490/1 | €848 | - | -€848 | |
| Total equity and liabilities | 10/49 | €295,241 | €339,175 | +€43,934 | +14.9% |
| Equity | 10/15 | €277,201 | €317,478 | +€40,277 | +14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €264,801 | €305,078 | +€40,277 | +15.2% |
| Distributable reserves | 133 | €264,801 | €305,078 | +€40,277 | +15.2% |
| Amounts payable | 17/49 | €18,040 | €21,697 | +€3,657 | +20.3% |
| Amounts payable within one year | 42/48 | €18,040 | €21,697 | +€3,657 | +20.3% |
| Trade debts | 44 | €83 | €2,995 | +€2,912 | +3,508% |
| Suppliers | 440/4 | €83 | €2,995 | +€2,912 | +3,508% |
| Taxes, remuneration and social security | 45 | €17,957 | €18,702 | +€745 | +4.1% |
| Taxes | 450/3 | €12,529 | €13,301 | +€772 | +6.2% |
| Remuneration and social security | 454/9 | €5,428 | €5,401 | -€27 | -0.5% |
| Remuneration, social security and pensions | 62 | €1,507 | - | -€1,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,099 | €18,075 | +€12,976 | +254% |
| Other operating charges | 640/8 | €1,170 | €1,011 | -€159 | -13.6% |
| Gross operating margin | 9900 | €91,751 | €76,263 | -€15,488 | -16.9% |
| Operating profit (loss) | 9901 | €83,975 | €57,177 | -€26,798 | -31.9% |
| Financial income | 75/76B | €1,956 | - | -€1,956 | |
| Recurring financial income | 75 | €1,956 | - | -€1,956 | |
| Financial charges | 65/66B | €442 | €266 | -€176 | -39.8% |
| Recurring financial charges | 65 | €442 | €266 | -€176 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €85,489 | €56,911 | -€28,578 | -33.4% |
| Income taxes | 67/77 | €24,621 | €16,635 | -€7,986 | -32.4% |
| Profit (loss) for the period | 9904 | €60,868 | €40,276 | -€20,592 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,868 | €40,276 | -€20,592 | -33.8% |
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 30 October 2026 via checked.be.