Gupa: 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.
Gupa
Largest movements
- Cash +€37,359
up €37,359 (+13.1%), from €284,353 to €321,712
mainly Other debts (+€249,860) and Net result for the year (+€46,942)
- Tangible fixed assets -€21,797
down €21,797 (-4.4%), from €499,062 to €477,265
of which Land and buildings: -€20,174
- Receivables within one year -€12,813
down €12,813 (-80.1%), from €15,992 to €3,179
- Debts after one year -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Other debts +€249,860
up €249,860 (+2933.6%), from €8,517 to €258,377
- Reserves +€46,942
up €46,942 (+23.6%), from €199,234 to €246,176
of which Distributable reserves: +€46,942
- Accrued charges and deferred income -€45,214
down €45,214 (-93.4%), from €48,393 to €3,179
- Financial charges -€28,071
down €28,071 (-99.5%), from €28,221 to €150
- Gross operating margin -€9,224
down €9,224 (-7.9%), from €116,042 to €106,818
- Taxes +€2,066
up €2,066 (+15.2%), from €13,582 to €15,647
- Depreciation -€2,053
down €2,053 (-7.0%), from €29,278 to €27,225
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 | €801,136 | €803,778 | +€2,642 | +0.3% |
| Fixed assets | 21/28 | €499,062 | €477,265 | -€21,797 | -4.4% |
| Tangible fixed assets | 22/27 | €499,062 | €477,265 | -€21,797 | -4.4% |
| Land and buildings | 22 | €495,820 | €475,647 | -€20,174 | -4.1% |
| Plant, machinery and equipment | 23 | €1,727 | €884 | -€843 | -48.8% |
| Other tangible fixed assets | 26 | €1,514 | €734 | -€780 | -51.5% |
| Current assets | 29/58 | €302,075 | €326,513 | +€24,438 | +8.1% |
| Amounts receivable within one year | 40/41 | €15,992 | €3,179 | -€12,813 | -80.1% |
| Other amounts receivable | 41 | €15,992 | €3,179 | -€12,813 | -80.1% |
| Cash at bank and in hand | 54/58 | €284,353 | €321,712 | +€37,359 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,729 | €1,622 | -€107 | -6.2% |
| Total equity and liabilities | 10/49 | €801,136 | €803,778 | +€2,642 | +0.3% |
| Equity | 10/15 | €492,020 | €538,962 | +€46,942 | +9.5% |
| Contributions | 10/11 | €292,787 | €292,787 | = | 0.0% |
| Capital | 10 | €292,787 | €292,787 | = | 0.0% |
| Issued capital | 100 | €292,787 | €292,787 | = | 0.0% |
| Reserves | 13 | €199,234 | €246,176 | +€46,942 | +23.6% |
| Non-distributable reserves | 130/1 | €10,036 | €10,036 | = | 0.0% |
| Legal reserve | 130 | €10,036 | €10,036 | = | 0.0% |
| Distributable reserves | 133 | €189,198 | €236,140 | +€46,942 | +24.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100.0% |
| Amounts payable | 17/49 | €309,116 | €264,816 | -€44,300 | -14.3% |
| Amounts payable after more than one year | 17 | €250,000 | €0 | -€250,000 | -100.0% |
| Financial debts | 170/4 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €10,723 | €261,637 | +€250,914 | +2339.9% |
| Trade debts | 44 | €1,555 | €52 | -€1,503 | -96.7% |
| Suppliers | 440/4 | €1,555 | €52 | -€1,503 | -96.7% |
| Taxes, remuneration and social security | 45 | €651 | €3,208 | +€2,557 | +392.9% |
| Taxes | 450/3 | €651 | €3,208 | +€2,557 | +392.9% |
| Other amounts payable | 47/48 | €8,517 | €258,377 | +€249,860 | +2933.6% |
| Accrued charges and deferred income | 492/3 | €48,393 | €3,179 | -€45,214 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,278 | €27,225 | -€2,053 | -7.0% |
| Other operating charges | 640/8 | €17,772 | €18,319 | +€547 | +3.1% |
| Gross operating margin | 9900 | €116,042 | €106,818 | -€9,224 | -7.9% |
| Operating profit (loss) | 9901 | €68,992 | €61,275 | -€7,718 | -11.2% |
| Financial income | 75/76B | €1,914 | €1,465 | -€449 | -23.5% |
| Recurring financial income | 75 | €1,914 | €1,465 | -€449 | -23.5% |
| Financial charges | 65/66B | €28,221 | €150 | -€28,071 | -99.5% |
| Recurring financial charges | 65 | €28,221 | €150 | -€28,071 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €42,685 | €62,590 | +€19,904 | +46.6% |
| Income taxes | 67/77 | €13,582 | €15,647 | +€2,066 | +15.2% |
| Profit (loss) for the period | 9904 | €29,104 | €46,942 | +€17,838 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,104 | €46,942 | +€17,838 | +61.3% |
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 2 October 2026 via checked.be.