J&Lup: 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.
J&Lup
Largest movements
- Cash +€40,526
up €40,526 (+58.9%), from €68,772 to €109,298
mainly Net result for the year (+€73,250) and Depreciation (+€4,453)
- Receivables within one year +€28,638
up €28,638 (+117.5%), from €24,366 to €53,004
of which Other amounts receivable: +€27,228
- Reserves +€73,249
up €73,249 (+35.4%), from €207,135 to €280,384
- Gross operating margin +€11,320
up €11,320 (+11.0%), from €103,238 to €114,558
- Financial income -€2,391
down €2,391 (-54.8%), from €4,359 to €1,968
- Taxes +€2,095
up €2,095 (+5.9%), from €35,375 to €37,470
- Depreciation -€1,703
down €1,703 (-27.7%), from €6,156 to €4,453
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 | €227,212 | €296,781 | +€69,569 | +30.6% |
| Fixed assets | 21/28 | €3,996 | €4,956 | +€960 | +24.0% |
| Tangible fixed assets | 22/27 | €3,996 | €4,956 | +€960 | +24.0% |
| Furniture and vehicles | 24 | €2,662 | €4,956 | +€2,294 | +86.2% |
| Leasing and similar rights | 25 | €1,334 | - | -€1,334 | |
| Current assets | 29/58 | €223,216 | €291,825 | +€68,609 | +30.7% |
| Amounts receivable within one year | 40/41 | €24,366 | €53,004 | +€28,638 | +117.5% |
| Trade receivables | 40 | €17,292 | €18,702 | +€1,410 | +8.2% |
| Other amounts receivable | 41 | €7,074 | €34,302 | +€27,228 | +384.9% |
| Current investments | 50/53 | €128,974 | €128,974 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €68,772 | €109,298 | +€40,526 | +58.9% |
| Deferred charges and accrued income | 490/1 | €1,104 | €549 | -€555 | -50.3% |
| Total equity and liabilities | 10/49 | €227,212 | €296,781 | +€69,569 | +30.6% |
| Equity | 10/15 | €212,135 | €285,384 | +€73,249 | +34.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,135 | €280,384 | +€73,249 | +35.4% |
| Distributable reserves | 133 | €207,135 | €280,384 | +€73,249 | +35.4% |
| Amounts payable | 17/49 | €15,077 | €11,396 | -€3,681 | -24.4% |
| Amounts payable within one year | 42/48 | €15,077 | €11,308 | -€3,769 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €1,268 | - | -€1,268 | |
| Trade debts | 44 | €1,215 | €196 | -€1,019 | -83.9% |
| Suppliers | 440/4 | €1,215 | €196 | -€1,019 | -83.9% |
| Taxes, remuneration and social security | 45 | €12,594 | €11,112 | -€1,482 | -11.8% |
| Taxes | 450/3 | €11,065 | €11,112 | +€47 | +0.4% |
| Remuneration and social security | 454/9 | €1,529 | - | -€1,529 | |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156 | €4,453 | -€1,703 | -27.7% |
| Other operating charges | 640/8 | €387 | €735 | +€348 | +89.9% |
| Gross operating margin | 9900 | €103,238 | €114,558 | +€11,320 | +11.0% |
| Operating profit (loss) | 9901 | €96,695 | €109,370 | +€12,675 | +13.1% |
| Financial income | 75/76B | €4,359 | €1,968 | -€2,391 | -54.8% |
| Recurring financial income | 75 | €4,359 | €1,968 | -€2,391 | -54.8% |
| Financial charges | 65/66B | €1,442 | €619 | -€823 | -57.1% |
| Recurring financial charges | 65 | €1,442 | €619 | -€823 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €99,612 | €110,720 | +€11,108 | +11.2% |
| Income taxes | 67/77 | €35,375 | €37,470 | +€2,095 | +5.9% |
| Profit (loss) for the period | 9904 | €64,237 | €73,250 | +€9,013 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,237 | €73,250 | +€9,013 | +14.0% |
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 8 October 2026 via checked.be.