LEPIDOPTERA: 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.
LEPIDOPTERA
Largest movements
- Tangible fixed assets +€316,142
up €316,142 (+75.8%), from €417,061 to €733,203
of which Land and buildings: +€251,940
- Cash -€90,469
down €90,469 (-79.7%), from €113,471 to €23,002
mainly Investment in fixed assets (net) (-€455,747) and Contributions, distributions and other (-€79,826)
- Receivables within one year +€76,414
up €76,414 (+18.4%), from €416,020 to €492,434
of which Other amounts receivable: +€165,160
- Current investments -€64,300
down €64,300 (-23.4%), from €275,045 to €210,744
- Debts after one year +€161,649
up €161,649 (+69.3%), from €233,120 to €394,770
- Trade debts +€64,096
up €64,096 (+82.2%), from €77,961 to €142,057
- Reserves +€61,488
up €61,488 (+7.5%), from €815,543 to €877,031
- Other debts -€37,374
down €37,374 (-95.7%), from €39,040 to €1,666
- Tax, wage and social debts -€28,918
down €28,918 (-20.0%), from €144,837 to €115,919
of which Remuneration and social security: -€100,522
- Gross operating margin -€1.0m
down €1.0m (-82.9%), from €1.3m to €215,779
- Staff costs -€963,994
down €963,994 (-99.7%), from €967,368 to €3,374
- Financial income +€106,459
up €106,459 (+463%), from €23,000 to €129,459
- Depreciation +€56,359
up €56,359 (+58.4%), from €96,541 to €152,900
- Taxes -€32,840
down €32,840 (-57.2%), from €57,427 to €24,587
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 | €1,378,647 | €1,603,795 | +€225,148 | +16.3% |
| Fixed assets | 21/28 | €574,111 | €876,958 | +€302,847 | +52.8% |
| Tangible fixed assets | 22/27 | €417,061 | €733,203 | +€316,142 | +75.8% |
| Land and buildings | 22 | €205,032 | €456,971 | +€251,940 | +123% |
| Plant, machinery and equipment | 23 | €9,281 | €5,976 | -€3,305 | -35.6% |
| Furniture and vehicles | 24 | €202,749 | €270,255 | +€67,507 | +33.3% |
| Financial fixed assets | 28 | €157,050 | €143,755 | -€13,295 | -8.5% |
| Current assets | 29/58 | €804,535 | €726,837 | -€77,699 | -9.7% |
| Amounts receivable within one year | 40/41 | €416,020 | €492,434 | +€76,414 | +18.4% |
| Trade receivables | 40 | €415,885 | €327,140 | -€88,745 | -21.3% |
| Other amounts receivable | 41 | €134 | €165,294 | +€165,160 | +122,814% |
| Current investments | 50/53 | €275,045 | €210,744 | -€64,300 | -23.4% |
| Cash at bank and in hand | 54/58 | €113,471 | €23,002 | -€90,469 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €657 | +€657 | |
| Total equity and liabilities | 10/49 | €1,378,647 | €1,603,795 | +€225,148 | +16.3% |
| Equity | 10/15 | €834,609 | €896,097 | +€61,488 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €815,543 | €877,031 | +€61,488 | +7.5% |
| Distributable reserves | 133 | €815,543 | €877,031 | +€61,488 | +7.5% |
| Profit (loss) carried forward | 14 | €466 | €466 | = | 0.0% |
| Amounts payable | 17/49 | €544,038 | €707,698 | +€163,660 | +30.1% |
| Amounts payable after more than one year | 17 | €233,120 | €394,770 | +€161,649 | +69.3% |
| Financial debts | 170/4 | €233,120 | €394,770 | +€161,649 | +69.3% |
| Amounts payable within one year | 42/48 | €310,918 | €312,928 | +€2,011 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €49,079 | €53,286 | +€4,207 | +8.6% |
| Trade debts | 44 | €77,961 | €142,057 | +€64,096 | +82.2% |
| Suppliers | 440/4 | €77,961 | €142,057 | +€64,096 | +82.2% |
| Taxes, remuneration and social security | 45 | €144,837 | €115,919 | -€28,918 | -20.0% |
| Taxes | 450/3 | €44,316 | €115,919 | +€71,604 | +162% |
| Remuneration and social security | 454/9 | €100,522 | - | -€100,522 | |
| Other amounts payable | 47/48 | €39,040 | €1,666 | -€37,374 | -95.7% |
| Non-recurring operating income | 76A | - | €111,947 | +€111,947 | |
| Remuneration, social security and pensions | 62 | €967,368 | €3,374 | -€963,994 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,541 | €152,900 | +€56,359 | +58.4% |
| Other operating charges | 640/8 | €8,850 | €7,488 | -€1,362 | -15.4% |
| Gross operating margin | 9900 | €1,258,450 | €215,779 | -€1.0m | -82.9% |
| Operating profit (loss) | 9901 | €185,690 | €52,016 | -€133,674 | -72.0% |
| Financial income | 75/76B | €23,000 | €129,459 | +€106,459 | +463% |
| Recurring financial income | 75 | €23,000 | €129,459 | +€106,459 | +463% |
| Financial charges | 65/66B | €7,032 | €15,574 | +€8,542 | +121% |
| Recurring financial charges | 65 | €7,032 | €7,354 | +€322 | +4.6% |
| Non-recurring financial charges | 66B | - | €8,220 | +€8,220 | |
| Profit (loss) for the period before taxes | 9903 | €201,658 | €165,901 | -€35,757 | -17.7% |
| Income taxes | 67/77 | €57,427 | €24,587 | -€32,840 | -57.2% |
| Profit (loss) for the period | 9904 | €144,231 | €141,314 | -€2,916 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,231 | €141,314 | -€2,916 | -2.0% |
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 13 October 2026 via checked.be.