Lopa Management: 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.
Lopa Management
Largest movements
- Cash -€72,663
down €72,663 (-41.3%), from €175,842 to €103,179
mainly Other debts (-€67,468) and Receivables within one year (-€9,391)
- Receivables within one year +€9,391
up €9,391 (+1,325%), from €709 to €10,100
of which Other amounts receivable: +€7,291
- Other debts -€67,468
no longer reported in 2025 (was €67,468)
- Reserves +€4,707
up €4,707 (+4.5%), from €105,000 to €109,707
- Trade debts +€2,559
up €2,559 (+16.7%), from €15,326 to €17,885
- Financial income -€43,824
down €43,824 (-95.7%), from €45,810 to €1,986
of which Non-recurring financial income: -€44,789
- Gross operating margin -€29,854
down €29,854 (-80.1%), from €37,282 to €7,428
- Taxes -€11,464
down €11,464 (-81.5%), from €14,060 to €2,596
- Depreciation +€646
up €646 (+113%), from €573 to €1,219
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 | €232,053 | €170,542 | -€61,511 | -26.5% |
| Fixed assets | 21/28 | €54,377 | €56,139 | +€1,762 | +3.2% |
| Tangible fixed assets | 22/27 | €679 | €2,441 | +€1,762 | +259% |
| Plant, machinery and equipment | 23 | €679 | €2,441 | +€1,762 | +259% |
| Financial fixed assets | 28 | €53,698 | €53,698 | = | 0.0% |
| Current assets | 29/58 | €177,676 | €114,403 | -€63,273 | -35.6% |
| Amounts receivable within one year | 40/41 | €709 | €10,100 | +€9,391 | +1,325% |
| Trade receivables | 40 | - | €2,100 | +€2,100 | |
| Other amounts receivable | 41 | €709 | €8,000 | +€7,291 | +1,028% |
| Cash at bank and in hand | 54/58 | €175,842 | €103,179 | -€72,663 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,124 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €232,053 | €170,542 | -€61,511 | -26.5% |
| Equity | 10/15 | €125,000 | €129,707 | +€4,707 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €109,707 | +€4,707 | +4.5% |
| Distributable reserves | 133 | €105,000 | €109,707 | +€4,707 | +4.5% |
| Amounts payable | 17/49 | €107,053 | €40,835 | -€66,218 | -61.9% |
| Amounts payable within one year | 42/48 | €107,053 | €40,835 | -€66,218 | -61.9% |
| Trade debts | 44 | €15,326 | €17,885 | +€2,559 | +16.7% |
| Suppliers | 440/4 | €15,326 | €17,885 | +€2,559 | +16.7% |
| Taxes, remuneration and social security | 45 | €24,259 | €22,950 | -€1,309 | -5.4% |
| Taxes | 450/3 | €24,259 | €22,950 | -€1,309 | -5.4% |
| Other amounts payable | 47/48 | €67,468 | - | -€67,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €1,219 | +€646 | +113% |
| Other operating charges | 640/8 | €751 | €487 | -€264 | -35.2% |
| Gross operating margin | 9900 | €37,282 | €7,428 | -€29,854 | -80.1% |
| Operating profit (loss) | 9901 | €35,958 | €5,722 | -€30,236 | -84.1% |
| Financial income | 75/76B | €45,810 | €1,986 | -€43,824 | -95.7% |
| Recurring financial income | 75 | €1,021 | €1,986 | +€965 | +94.5% |
| Non-recurring financial income | 76B | €44,789 | - | -€44,789 | |
| Financial charges | 65/66B | €240 | €405 | +€165 | +68.8% |
| Recurring financial charges | 65 | €240 | €405 | +€165 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €81,528 | €7,303 | -€74,225 | -91.0% |
| Income taxes | 67/77 | €14,060 | €2,596 | -€11,464 | -81.5% |
| Profit (loss) for the period | 9904 | €67,468 | €4,707 | -€62,761 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,468 | €4,707 | -€62,761 | -93.0% |
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 19 October 2026 via checked.be.