LUP: 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.
LUP
Largest movements
- Current investments -€10,000
down €10,000 (-1.6%), from €625,000 to €615,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€585,224
down €585,224, from €579,650 to -€5,574
- Taxes -€117,558
down €117,558 (-99.2%), from €118,458 to €900
- Financial income +€13,763
new in 2025: €13,763
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 | €812,361 | €815,060 | +€2,700 | +0.3% |
| Fixed assets | 21/28 | €145,477 | €150,485 | +€5,009 | +3.4% |
| Tangible fixed assets | 22/27 | €145,477 | €150,485 | +€5,009 | +3.4% |
| Land and buildings | 22 | €133,416 | €133,416 | = | 0.0% |
| Plant, machinery and equipment | 23 | €608 | €5,616 | +€5,009 | +824.3% |
| Furniture and vehicles | 24 | €11,453 | €11,453 | = | 0.0% |
| Current assets | 29/58 | €666,884 | €664,575 | -€2,309 | -0.3% |
| Amounts receivable within one year | 40/41 | €19,162 | €23,710 | +€4,549 | +23.7% |
| Other amounts receivable | 41 | €19,162 | €23,710 | +€4,549 | +23.7% |
| Current investments | 50/53 | €625,000 | €615,000 | -€10,000 | -1.6% |
| Cash at bank and in hand | 54/58 | €22,722 | €25,830 | +€3,107 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €35 | +€35 | |
| Total equity and liabilities | 10/49 | €812,361 | €815,060 | +€2,700 | +0.3% |
| Equity | 10/15 | €793,903 | €796,602 | +€2,700 | +0.3% |
| Contributions | 10/11 | €542,887 | €542,887 | = | 0.0% |
| Capital | 10 | €542,887 | €542,887 | = | 0.0% |
| Issued capital | 100 | €542,887 | €542,887 | = | 0.0% |
| Reserves | 13 | €251,016 | €253,716 | +€2,700 | +1.1% |
| Non-distributable reserves | 130/1 | €679 | €3,378 | +€2,700 | +397.8% |
| Legal reserve | 130 | €679 | €3,378 | +€2,700 | +397.8% |
| Distributable reserves | 133 | €250,337 | €250,337 | = | 0.0% |
| Amounts payable | 17/49 | €18,458 | €18,458 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,458 | €18,458 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,458 | €18,458 | = | 0.0% |
| Taxes | 450/3 | €18,458 | €18,458 | = | 0.0% |
| Non-recurring operating income | 76A | €588,584 | €0 | -€588,584 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €668 | +€338 | +102.1% |
| Other operating charges | 640/8 | €3,637 | €3,745 | +€108 | +3.0% |
| Gross operating margin | 9900 | €579,650 | -€5,574 | -€585,224 | |
| Operating profit (loss) | 9901 | €575,682 | -€9,988 | -€585,670 | |
| Financial income | 75/76B | - | €13,763 | +€13,763 | |
| Recurring financial income | 75 | - | €13,763 | +€13,763 | |
| Financial charges | 65/66B | €24 | €175 | +€151 | +630.0% |
| Recurring financial charges | 65 | €24 | €175 | +€151 | +630.0% |
| Profit (loss) for the period before taxes | 9903 | €575,658 | €3,600 | -€572,058 | -99.4% |
| Income taxes | 67/77 | €118,458 | €900 | -€117,558 | -99.2% |
| Profit (loss) for the period | 9904 | €457,200 | €2,700 | -€454,500 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €457,200 | €2,700 | -€454,500 | -99.4% |
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 7 October 2026 via checked.be.