Theluna: 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.
Theluna
Largest movements
- Cash +€86,080
up €86,080 (+422.0%), from €20,397 to €106,478
mainly Net result for the year (+€125,297) and Other debts (+€102,377)
- Current investments +€11,263
up €11,263 (+13.2%), from €85,537 to €96,800
- Tangible fixed assets -€5,706
down €5,706 (-15.8%), from €36,203 to €30,496
of which Furniture and vehicles: -€5,706
- Other debts +€102,377
up €102,377 (+95.9%), from €106,715 to €209,092
- Tax, wage and social debts -€9,149
down €9,149 (-22.9%), from €40,014 to €30,865
of which Remuneration and social security: -€8,985
- Gross operating margin +€37,042
up €37,042 (+30.5%), from €121,603 to €158,645
- Taxes +€8,543
up €8,543 (+31.7%), from €26,985 to €35,528
- Depreciation +€7,555
up €7,555 (+916.2%), from €825 to €8,380
- Other operating charges -€4,700
down €4,700 (-87.0%), from €5,403 to €703
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 | €158,704 | €252,644 | +€93,940 | +59.2% |
| Fixed assets | 21/28 | €36,228 | €30,521 | -€5,706 | -15.8% |
| Tangible fixed assets | 22/27 | €36,203 | €30,496 | -€5,706 | -15.8% |
| Furniture and vehicles | 24 | €31,803 | €26,096 | -€5,706 | -17.9% |
| Other tangible fixed assets | 26 | €4,400 | €4,400 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €122,476 | €222,122 | +€99,647 | +81.4% |
| Amounts receivable within one year | 40/41 | €14,562 | €17,037 | +€2,474 | +17.0% |
| Trade receivables | 40 | €14,562 | €17,037 | +€2,474 | +17.0% |
| Current investments | 50/53 | €85,537 | €96,800 | +€11,263 | +13.2% |
| Cash at bank and in hand | 54/58 | €20,397 | €106,478 | +€86,080 | +422.0% |
| Deferred charges and accrued income | 490/1 | €1,979 | €1,808 | -€171 | -8.6% |
| Total equity and liabilities | 10/49 | €158,704 | €252,644 | +€93,940 | +59.2% |
| Equity | 10/15 | €10,580 | €11,878 | +€1,297 | +12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €580 | €1,878 | +€1,297 | +223.5% |
| Amounts payable | 17/49 | €148,123 | €240,766 | +€92,643 | +62.5% |
| Amounts payable within one year | 42/48 | €148,123 | €240,766 | +€92,643 | +62.5% |
| Trade debts | 44 | €1,395 | €810 | -€585 | -41.9% |
| Suppliers | 440/4 | €1,395 | €810 | -€585 | -41.9% |
| Taxes, remuneration and social security | 45 | €40,014 | €30,865 | -€9,149 | -22.9% |
| Taxes | 450/3 | €31,029 | €30,865 | -€164 | -0.5% |
| Remuneration and social security | 454/9 | €8,985 | - | -€8,985 | |
| Other amounts payable | 47/48 | €106,715 | €209,092 | +€102,377 | +95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €8,380 | +€7,555 | +916.2% |
| Other operating charges | 640/8 | €5,403 | €703 | -€4,700 | -87.0% |
| Gross operating margin | 9900 | €121,603 | €158,645 | +€37,042 | +30.5% |
| Operating profit (loss) | 9901 | €115,375 | €149,562 | +€34,187 | +29.6% |
| Financial income | 75/76B | €10,743 | €11,263 | +€520 | +4.8% |
| Recurring financial income | 75 | €10,743 | €11,263 | +€520 | +4.8% |
| Financial charges | 65/66B | €44 | - | -€44 | |
| Recurring financial charges | 65 | €44 | - | -€44 | |
| Profit (loss) for the period before taxes | 9903 | €126,075 | €160,826 | +€34,751 | +27.6% |
| Income taxes | 67/77 | €26,985 | €35,528 | +€8,543 | +31.7% |
| Profit (loss) for the period | 9904 | €99,090 | €125,297 | +€26,207 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,090 | €125,297 | +€26,207 | +26.4% |
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.