LUNDA: what changed
LUNDA
Largest movements
- Cash +€9,740
up €9,740 (+48.0%), from €20,276 to €30,016
mainly Net result for the year (+€8,696) and Receivables within one year (+€3,137)
- Tangible fixed assets +€3,416
up €3,416 (+68.9%), from €4,955 to €8,371
of which Plant, machinery and equipment: +€3,625
- Receivables within one year -€3,137
down €3,137 (-33.4%), from €9,382 to €6,245
of which Trade receivables: -€3,043
- Deferred charges and accrued income -€936
no longer reported in 2025 (was €936)
- Profit (loss) carried forward +€8,696
up €8,696 (+40.9%), from -€21,243 to -€12,547
- Trade debts -€1,950
down €1,950 (-43.6%), from €4,471 to €2,521
- Tax, wage and social debts +€1,654
up €1,654 (+25.1%), from €6,578 to €8,232
of which Remuneration and social security: +€2,000
- Other debts +€1,614
up €1,614 (+19.8%), from €8,150 to €9,764
- Accrued charges and deferred income -€862
no longer reported in 2025 (was €862)
- Gross operating margin +€5,611
up €5,611 (+88.0%), from €6,376 to €11,987
- Depreciation -€581
down €581 (-25.1%), from €2,315 to €1,734
- Financial charges +€222
up €222 (+40.7%), from €547 to €769
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,601 | €45,754 | +€9,152 | +25.0% |
| Fixed assets | 21/28 | €4,955 | €8,371 | +€3,416 | +68.9% |
| Tangible fixed assets | 22/27 | €4,955 | €8,371 | +€3,416 | +68.9% |
| Plant, machinery and equipment | 23 | €2,929 | €6,554 | +€3,625 | +124% |
| Furniture and vehicles | 24 | €2,027 | €1,817 | -€209 | -10.3% |
| Current assets | 29/58 | €31,646 | €37,382 | +€5,736 | +18.1% |
| Stocks and contracts in progress | 3 | €1,052 | €1,121 | +€69 | +6.6% |
| Stocks | 30/36 | €1,052 | €1,121 | +€69 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,382 | €6,245 | -€3,137 | -33.4% |
| Trade receivables | 40 | €9,288 | €6,245 | -€3,043 | -32.8% |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €20,276 | €30,016 | +€9,740 | +48.0% |
| Deferred charges and accrued income | 490/1 | €936 | - | -€936 | |
| Total equity and liabilities | 10/49 | €36,601 | €45,754 | +€9,152 | +25.0% |
| Equity | 10/15 | €16,541 | €25,237 | +€8,696 | +52.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,191 | €19,191 | = | 0.0% |
| Distributable reserves | 133 | €19,191 | €19,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,243 | -€12,547 | +€8,696 | +40.9% |
| Amounts payable | 17/49 | €20,061 | €20,517 | +€456 | +2.3% |
| Amounts payable within one year | 42/48 | €19,199 | €20,517 | +€1,318 | +6.9% |
| Trade debts | 44 | €4,471 | €2,521 | -€1,950 | -43.6% |
| Suppliers | 440/4 | €4,471 | €2,521 | -€1,950 | -43.6% |
| Taxes, remuneration and social security | 45 | €6,578 | €8,232 | +€1,654 | +25.1% |
| Taxes | 450/3 | €6,578 | €6,232 | -€346 | -5.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,150 | €9,764 | +€1,614 | +19.8% |
| Accrued charges and deferred income | 492/3 | €862 | - | -€862 | |
| Non-recurring operating income | 76A | €695 | €734 | +€38 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,315 | €1,734 | -€581 | -25.1% |
| Other operating charges | 640/8 | €831 | €788 | -€43 | -5.2% |
| Gross operating margin | 9900 | €6,376 | €11,987 | +€5,611 | +88.0% |
| Operating profit (loss) | 9901 | €3,230 | €9,465 | +€6,235 | +193% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €547 | €769 | +€222 | +40.7% |
| Recurring financial charges | 65 | €547 | €769 | +€222 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €2,684 | €8,696 | +€6,012 | +224% |
| Profit (loss) for the period | 9904 | €2,684 | €8,696 | +€6,012 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €2,684 | €8,696 | +€6,012 | +224% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.