LUPUS ILLUMINATI: 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 ILLUMINATI
Largest movements
- Receivables within one year +€19,055
up €19,055 (+27.6%), from €69,051 to €88,106
of which Other amounts receivable: +€17,772
- Cash -€5,208
down €5,208 (-15.1%), from €34,441 to €29,233
mainly Receivables within one year (-€19,055) and Investment in fixed assets (net) (-€10,615)
- Tangible fixed assets +€4,615
up €4,615 (+34.0%), from €13,566 to €18,181
of which Other tangible fixed assets: +€4,933
- Deferred charges and accrued income -€1,704
down €1,704 (-42.9%), from €3,969 to €2,265
- Reserves +€22,898
up €22,898 (+26.4%), from €86,764 to €109,662
- Tax, wage and social debts -€8,955
down €8,955 (-65.9%), from €13,589 to €4,634
- Trade debts +€2,814
up €2,814 (+18.0%), from €15,674 to €18,488
- Gross operating margin -€5,347
down €5,347 (-11.7%), from €45,656 to €40,309
- Depreciation +€1,949
up €1,949 (+48.1%), from €4,051 to €6,000
- Financial income +€644
up €644 (+26.9%), from €2,399 to €3,043
- Other operating charges +€566
up €566 (+174%), from €326 to €891
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 | €121,027 | €137,785 | +€16,758 | +13.8% |
| Fixed assets | 21/28 | €13,566 | €18,181 | +€4,615 | +34.0% |
| Tangible fixed assets | 22/27 | €13,566 | €18,181 | +€4,615 | +34.0% |
| Plant, machinery and equipment | 23 | €4,757 | €4,940 | +€184 | +3.9% |
| Furniture and vehicles | 24 | €8,809 | €8,307 | -€502 | -5.7% |
| Other tangible fixed assets | 26 | - | €4,933 | +€4,933 | |
| Current assets | 29/58 | €107,461 | €119,604 | +€12,143 | +11.3% |
| Amounts receivable within one year | 40/41 | €69,051 | €88,106 | +€19,055 | +27.6% |
| Trade receivables | 40 | €16,049 | €17,332 | +€1,283 | +8.0% |
| Other amounts receivable | 41 | €53,002 | €70,774 | +€17,772 | +33.5% |
| Cash at bank and in hand | 54/58 | €34,441 | €29,233 | -€5,208 | -15.1% |
| Deferred charges and accrued income | 490/1 | €3,969 | €2,265 | -€1,704 | -42.9% |
| Total equity and liabilities | 10/49 | €121,027 | €137,785 | +€16,758 | +13.8% |
| Equity | 10/15 | €91,764 | €114,662 | +€22,898 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,764 | €109,662 | +€22,898 | +26.4% |
| Distributable reserves | 133 | €86,764 | €109,662 | +€22,898 | +26.4% |
| Amounts payable | 17/49 | €29,263 | €23,122 | -€6,141 | -21.0% |
| Amounts payable within one year | 42/48 | €29,263 | €23,122 | -€6,141 | -21.0% |
| Trade debts | 44 | €15,674 | €18,488 | +€2,814 | +18.0% |
| Suppliers | 440/4 | €15,674 | €18,488 | +€2,814 | +18.0% |
| Taxes, remuneration and social security | 45 | €13,589 | €4,634 | -€8,955 | -65.9% |
| Taxes | 450/3 | €13,589 | €4,634 | -€8,955 | -65.9% |
| Remuneration, social security and pensions | 62 | €275 | €185 | -€90 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,051 | €6,000 | +€1,949 | +48.1% |
| Other operating charges | 640/8 | €326 | €891 | +€566 | +174% |
| Gross operating margin | 9900 | €45,656 | €40,309 | -€5,347 | -11.7% |
| Operating profit (loss) | 9901 | €41,004 | €33,232 | -€7,772 | -19.0% |
| Financial income | 75/76B | €2,399 | €3,043 | +€644 | +26.9% |
| Recurring financial income | 75 | €2,399 | €3,043 | +€644 | +26.9% |
| Financial charges | 65/66B | €220 | €226 | +€6 | +2.6% |
| Recurring financial charges | 65 | €220 | €226 | +€6 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €43,183 | €36,049 | -€7,134 | -16.5% |
| Income taxes | 67/77 | €13,589 | €13,151 | -€438 | -3.2% |
| Profit (loss) for the period | 9904 | €29,594 | €22,898 | -€6,695 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,594 | €22,898 | -€6,695 | -22.6% |
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 20 October 2026 via checked.be.