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.
Lupus
Largest movements
- Receivables after one year +€15,000
up €15,000 (+10.3%), from €145,000 to €160,000
- Receivables within one year +€14,056
up €14,056 (+102.7%), from €13,688 to €27,744
of which Trade receivables: +€14,094
- Cash +€6,441
up €6,441 (+1961.8%), from €328 to €6,770
mainly Net result for the year (+€39,576) and Trade debts (+€2,181)
- Reserves +€39,576
up €39,576 (+35.0%), from €113,215 to €152,791
- Tax, wage and social debts -€6,059
down €6,059 (-16.9%), from €35,749 to €29,690
- Trade debts +€2,181
up €2,181 (+42.3%), from €5,151 to €7,332
- Gross operating margin +€14,850
up €14,850 (+34.4%), from €43,128 to €57,978
- Taxes +€5,775
up €5,775 (+61.2%), from €9,436 to €15,210
- Financial charges +€910
up €910 (+56.0%), from €1,624 to €2,533
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 | €159,116 | €194,813 | +€35,697 | +22.4% |
| Fixed assets | 21/28 | €99 | €299 | +€200 | +201.2% |
| Financial fixed assets | 28 | €99 | €299 | +€200 | +201.2% |
| Current assets | 29/58 | €159,016 | €194,514 | +€35,497 | +22.3% |
| Amounts receivable after more than one year | 29 | €145,000 | €160,000 | +€15,000 | +10.3% |
| Other amounts receivable | 291 | €145,000 | €160,000 | +€15,000 | +10.3% |
| Amounts receivable within one year | 40/41 | €13,688 | €27,744 | +€14,056 | +102.7% |
| Trade receivables | 40 | €4,070 | €18,164 | +€14,094 | +346.3% |
| Other amounts receivable | 41 | €9,618 | €9,580 | -€38 | -0.4% |
| Cash at bank and in hand | 54/58 | €328 | €6,770 | +€6,441 | +1961.8% |
| Total equity and liabilities | 10/49 | €159,116 | €194,813 | +€35,697 | +22.4% |
| Equity | 10/15 | €118,215 | €157,791 | +€39,576 | +33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,215 | €152,791 | +€39,576 | +35.0% |
| Distributable reserves | 133 | €113,215 | €152,791 | +€39,576 | +35.0% |
| Amounts payable | 17/49 | €40,901 | €37,022 | -€3,878 | -9.5% |
| Amounts payable within one year | 42/48 | €40,901 | €37,022 | -€3,878 | -9.5% |
| Trade debts | 44 | €5,151 | €7,332 | +€2,181 | +42.3% |
| Suppliers | 440/4 | €5,151 | €7,332 | +€2,181 | +42.3% |
| Taxes, remuneration and social security | 45 | €35,749 | €29,690 | -€6,059 | -16.9% |
| Taxes | 450/3 | €35,749 | €29,690 | -€6,059 | -16.9% |
| Other operating charges | 640/8 | €900 | €659 | -€241 | -26.8% |
| Gross operating margin | 9900 | €43,128 | €57,978 | +€14,850 | +34.4% |
| Operating profit (loss) | 9901 | €42,228 | €57,319 | +€15,091 | +35.7% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €1,624 | €2,533 | +€910 | +56.0% |
| Recurring financial charges | 65 | €1,624 | €2,533 | +€910 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €40,634 | €54,786 | +€14,151 | +34.8% |
| Income taxes | 67/77 | €9,436 | €15,210 | +€5,775 | +61.2% |
| Profit (loss) for the period | 9904 | €31,199 | €39,576 | +€8,377 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,199 | €39,576 | +€8,377 | +26.8% |
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 12 October 2026 via checked.be.