IMMO LUPUS: 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.
IMMO LUPUS
Largest movements
- Cash -€31,950
down €31,950 (-50.6%), from €63,171 to €31,220
mainly Debts after one year (-€60,843) and Trade debts (-€29,065)
- Tangible fixed assets -€30,880
down €30,880 (-2.5%), from €1.3m to €1.2m
- Debts after one year -€60,843
down €60,843 (-7.6%), from €795,753 to €734,910
- Reserves +€49,000
up €49,000 (+69.4%), from €70,653 to €119,653
- Trade debts -€29,065
down €29,065 (-45.3%), from €64,148 to €35,083
- Current portion of long-term debt -€28,592
down €28,592 (-32.0%), from €89,435 to €60,843
- Advances received +€19,472
up €19,472 (+141%), from €13,844 to €33,316
- Gross operating margin +€12,874
up €12,874 (+7.0%), from €182,663 to €195,537
- Other operating charges +€7,304
up €7,304 (+15.8%), from €46,255 to €53,559
- Taxes +€6,417
up €6,417 (+38.5%), from €16,683 to €23,100
- Financial charges -€2,057
down €2,057 (-8.5%), from €24,241 to €22,185
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 | €1,349,917 | €1,287,676 | -€62,240 | -4.6% |
| Fixed assets | 21/28 | €1,254,272 | €1,223,392 | -€30,880 | -2.5% |
| Tangible fixed assets | 22/27 | €1,254,272 | €1,223,392 | -€30,880 | -2.5% |
| Land and buildings | 22 | €1,254,272 | €1,223,392 | -€30,880 | -2.5% |
| Current assets | 29/58 | €95,645 | €64,284 | -€31,361 | -32.8% |
| Amounts receivable within one year | 40/41 | €30,389 | €30,899 | +€509 | +1.7% |
| Trade receivables | 40 | €24,148 | €27,313 | +€3,165 | +13.1% |
| Other amounts receivable | 41 | €6,241 | €3,585 | -€2,656 | -42.6% |
| Cash at bank and in hand | 54/58 | €63,171 | €31,220 | -€31,950 | -50.6% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,165 | +€80 | +3.9% |
| Total equity and liabilities | 10/49 | €1,349,917 | €1,287,676 | -€62,240 | -4.6% |
| Equity | 10/15 | €350,673 | €400,372 | +€49,699 | +14.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €70,653 | €119,653 | +€49,000 | +69.4% |
| Distributable reserves | 133 | €70,653 | €119,653 | +€49,000 | +69.4% |
| Profit (loss) carried forward | 14 | €245,021 | €245,720 | +€699 | +0.3% |
| Amounts payable | 17/49 | €999,244 | €887,304 | -€111,940 | -11.2% |
| Amounts payable after more than one year | 17 | €795,753 | €734,910 | -€60,843 | -7.6% |
| Financial debts | 170/4 | €795,753 | €734,910 | -€60,843 | -7.6% |
| Amounts payable within one year | 42/48 | €189,691 | €132,382 | -€57,308 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €89,435 | €60,843 | -€28,592 | -32.0% |
| Trade debts | 44 | €64,148 | €35,083 | -€29,065 | -45.3% |
| Suppliers | 440/4 | €64,148 | €35,083 | -€29,065 | -45.3% |
| Advances received on contracts in progress | 46 | €13,844 | €33,316 | +€19,472 | +141% |
| Taxes, remuneration and social security | 45 | €10,682 | €3,140 | -€7,542 | -70.6% |
| Taxes | 450/3 | €10,682 | €3,140 | -€7,542 | -70.6% |
| Other amounts payable | 47/48 | €11,582 | - | -€11,582 | |
| Accrued charges and deferred income | 492/3 | €13,800 | €20,011 | +€6,212 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,436 | €47,162 | +€1,726 | +3.8% |
| Other operating charges | 640/8 | €46,255 | €53,559 | +€7,304 | +15.8% |
| Gross operating margin | 9900 | €182,663 | €195,537 | +€12,874 | +7.0% |
| Operating profit (loss) | 9901 | €90,973 | €94,816 | +€3,843 | +4.2% |
| Financial income | 75/76B | - | €168 | +€168 | |
| Recurring financial income | 75 | - | €168 | +€168 | |
| Financial charges | 65/66B | €24,241 | €22,185 | -€2,057 | -8.5% |
| Recurring financial charges | 65 | €24,241 | €22,185 | -€2,057 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €66,731 | €72,799 | +€6,068 | +9.1% |
| Income taxes | 67/77 | €16,683 | €23,100 | +€6,417 | +38.5% |
| Profit (loss) for the period | 9904 | €50,048 | €49,699 | -€349 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,048 | €49,699 | -€349 | -0.7% |
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 16 October 2026 via checked.be.