Lupumed: 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.
Lupumed
Largest movements
- Receivables within one year +€745,130
up €745,130 (+121.9%), from €611,099 to €1.4m
of which Trade receivables: +€626,002
- Cash +€338,324
up €338,324 (+110.1%), from €307,287 to €645,610
mainly Other debts (+€1.1m) and Net result for the year (+€843,196)
- Financial fixed assets -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Tangible fixed assets +€30,183
up €30,183 (+1015.1%), from €2,974 to €33,157
of which Plant, machinery and equipment: +€19,700
- Stocks and contracts +€22,125
up €22,125 (+108.9%), from €20,309 to €42,434
- Other debts +€1.1m
up €1.1m (+961.5%), from €117,647 to €1.2m
- Reserves -€477,300
down €477,300 (-100.0%), from €477,496 to €196
- Trade debts +€282,655
up €282,655 (+52.1%), from €542,275 to €824,930
- Gross operating margin +€703,292
up €703,292 (+631.2%), from €111,423 to €814,715
- Financial income +€35,205
up €35,205 (+17005.8%), from €207 to €35,412
of which Non-recurring financial income: +€35,000
- Taxes -€22,968
down €22,968 (-95.9%), from €23,950 to €982
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 | €1,142,418 | €2,079,979 | +€937,561 | +82.1% |
| Fixed assets | 21/28 | €202,974 | €33,157 | -€169,817 | -83.7% |
| Tangible fixed assets | 22/27 | €2,974 | €33,157 | +€30,183 | +1015.1% |
| Plant, machinery and equipment | 23 | €2,471 | €22,171 | +€19,700 | +797.3% |
| Furniture and vehicles | 24 | €503 | €240 | -€263 | -52.3% |
| Other tangible fixed assets | 26 | - | €10,746 | +€10,746 | |
| Financial fixed assets | 28 | €200,000 | €0 | -€200,000 | -100.0% |
| Current assets | 29/58 | €939,444 | €2,046,822 | +€1.1m | +117.9% |
| Stocks and contracts in progress | 3 | €20,309 | €42,434 | +€22,125 | +108.9% |
| Stocks | 30/36 | €20,309 | €42,434 | +€22,125 | +108.9% |
| Amounts receivable within one year | 40/41 | €611,099 | €1,356,229 | +€745,130 | +121.9% |
| Trade receivables | 40 | €437,777 | €1,063,779 | +€626,002 | +143.0% |
| Other amounts receivable | 41 | €173,322 | €292,450 | +€119,128 | +68.7% |
| Cash at bank and in hand | 54/58 | €307,287 | €645,610 | +€338,324 | +110.1% |
| Deferred charges and accrued income | 490/1 | €750 | €2,549 | +€1,799 | +240.0% |
| Total equity and liabilities | 10/49 | €1,142,418 | €2,079,979 | +€937,561 | +82.1% |
| Equity | 10/15 | €482,496 | €5,196 | -€477,300 | -98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €477,496 | €196 | -€477,300 | -100.0% |
| Distributable reserves | 133 | €477,496 | €196 | -€477,300 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €659,922 | €2,074,783 | +€1.4m | +214.4% |
| Amounts payable within one year | 42/48 | €659,922 | €2,074,783 | +€1.4m | +214.4% |
| Trade debts | 44 | €542,275 | €824,930 | +€282,655 | +52.1% |
| Suppliers | 440/4 | €542,275 | €824,930 | +€282,655 | +52.1% |
| Taxes, remuneration and social security | 45 | €0 | €982 | +€982 | |
| Taxes | 450/3 | €0 | €982 | +€982 | |
| Other amounts payable | 47/48 | €117,647 | €1,248,871 | +€1.1m | +961.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €4,354 | +€3,067 | +238.4% |
| Other operating charges | 640/8 | €1,172 | €1,434 | +€262 | +22.4% |
| Gross operating margin | 9900 | €111,423 | €814,715 | +€703,292 | +631.2% |
| Operating profit (loss) | 9901 | €108,965 | €808,928 | +€699,963 | +642.4% |
| Financial income | 75/76B | €207 | €35,412 | +€35,205 | +17005.8% |
| Recurring financial income | 75 | €207 | €412 | +€205 | +99.2% |
| Non-recurring financial income | 76B | - | €35,000 | +€35,000 | |
| Financial charges | 65/66B | €375 | €162 | -€213 | -56.8% |
| Recurring financial charges | 65 | €375 | €162 | -€213 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €108,796 | €844,178 | +€735,381 | +675.9% |
| Income taxes | 67/77 | €23,950 | €982 | -€22,968 | -95.9% |
| Profit (loss) for the period | 9904 | €84,847 | €843,196 | +€758,349 | +893.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,847 | €843,196 | +€758,349 | +893.8% |
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 10 October 2026 via checked.be.