Loupus: 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.
Loupus
Largest movements
- Receivables within one year -€203,028
down €203,028 (-12.0%), from €1.7m to €1.5m
of which Trade receivables: -€106,854
- Tangible fixed assets +€35,774
up €35,774 (+19.8%), from €180,520 to €216,294
of which Land and buildings: +€70,529
- Deferred charges and accrued income +€35,330
up €35,330 (+275.9%), from €12,807 to €48,137
- Debts after one year -€114,225
down €114,225 (-9.6%), from €1.2m to €1.1m
- Reserves +€50,302
up €50,302 (+31.7%), from €158,740 to €209,042
- Trade debts -€39,782
down €39,782 (-87.2%), from €45,633 to €5,851
- Current portion of long-term debt -€25,269
down €25,269 (-18.1%), from €139,494 to €114,225
- Financial charges +€54,259
up €54,259 (+604.3%), from €8,978 to €63,238
- Other operating charges -€35,100
down €35,100 (-97.4%), from €36,022 to €922
- Gross operating margin +€11,301
up €11,301 (+7.3%), from €154,469 to €165,770
- Financial income +€10,127
up €10,127 (+40.1%), from €25,240 to €35,367
- Taxes -€3,339
down €3,339 (-61.3%), from €5,451 to €2,112
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 | €1,896,860 | €1,770,797 | -€126,062 | -6.6% |
| Fixed assets | 21/28 | €180,520 | €216,294 | +€35,774 | +19.8% |
| Tangible fixed assets | 22/27 | €180,520 | €216,294 | +€35,774 | +19.8% |
| Land and buildings | 22 | €145,765 | €216,294 | +€70,529 | +48.4% |
| Leasing and similar rights | 25 | €2,009 | €0 | -€2,009 | -100.0% |
| Assets under construction and advance payments | 27 | €32,746 | €0 | -€32,746 | -100.0% |
| Current assets | 29/58 | €1,716,340 | €1,554,503 | -€161,837 | -9.4% |
| Amounts receivable within one year | 40/41 | €1,693,134 | €1,490,106 | -€203,028 | -12.0% |
| Trade receivables | 40 | €106,854 | €0 | -€106,854 | -100.0% |
| Other amounts receivable | 41 | €1,586,280 | €1,490,106 | -€96,174 | -6.1% |
| Cash at bank and in hand | 54/58 | €10,399 | €16,261 | +€5,861 | +56.4% |
| Deferred charges and accrued income | 490/1 | €12,807 | €48,137 | +€35,330 | +275.9% |
| Total equity and liabilities | 10/49 | €1,896,860 | €1,770,797 | -€126,062 | -6.6% |
| Equity | 10/15 | €408,240 | €458,542 | +€50,302 | +12.3% |
| Contributions | 10/11 | €249,500 | €249,500 | = | 0.0% |
| Reserves | 13 | €158,740 | €209,042 | +€50,302 | +31.7% |
| Distributable reserves | 133 | €158,740 | €209,042 | +€50,302 | +31.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,488,620 | €1,312,256 | -€176,364 | -11.8% |
| Amounts payable after more than one year | 17 | €1,189,720 | €1,075,495 | -€114,225 | -9.6% |
| Financial debts | 170/4 | €1,189,720 | €1,075,495 | -€114,225 | -9.6% |
| Amounts payable within one year | 42/48 | €289,663 | €218,247 | -€71,416 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €139,494 | €114,225 | -€25,269 | -18.1% |
| Financial debts | 43 | €27 | €0 | -€27 | -100.0% |
| Credit institutions | 430/8 | €27 | €0 | -€27 | -100.0% |
| Trade debts | 44 | €45,633 | €5,851 | -€39,782 | -87.2% |
| Suppliers | 440/4 | €45,633 | €5,851 | -€39,782 | -87.2% |
| Taxes, remuneration and social security | 45 | €5,451 | €2,112 | -€3,339 | -61.3% |
| Taxes | 450/3 | €5,451 | €2,112 | -€3,339 | -61.3% |
| Other amounts payable | 47/48 | €99,058 | €96,058 | -€3,000 | -3.0% |
| Accrued charges and deferred income | 492/3 | €9,237 | €18,514 | +€9,277 | +100.4% |
| Non-recurring operating income | 76A | - | €5,527 | +€5,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,705 | €24,564 | -€142 | -0.6% |
| Other operating charges | 640/8 | €36,022 | €922 | -€35,100 | -97.4% |
| Non-recurring operating charges | 66A | €12,500 | €0 | -€12,500 | -100.0% |
| Gross operating margin | 9900 | €154,469 | €165,770 | +€11,301 | +7.3% |
| Operating profit (loss) | 9901 | €81,242 | €140,285 | +€59,043 | +72.7% |
| Financial income | 75/76B | €25,240 | €35,367 | +€10,127 | +40.1% |
| Recurring financial income | 75 | €25,240 | €35,367 | +€10,127 | +40.1% |
| Financial charges | 65/66B | €8,978 | €63,238 | +€54,259 | +604.3% |
| Recurring financial charges | 65 | €8,978 | €63,238 | +€54,259 | +604.3% |
| Profit (loss) for the period before taxes | 9903 | €97,504 | €112,414 | +€14,911 | +15.3% |
| Income taxes | 67/77 | €5,451 | €2,112 | -€3,339 | -61.3% |
| Profit (loss) for the period | 9904 | €92,053 | €110,302 | +€18,250 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,053 | €110,302 | +€18,250 | +19.8% |
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 4 October 2026 via checked.be.