LUPA: 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.
LUPA
Largest movements
- Receivables within one year -€6,419
down €6,419 (-5.9%), from €109,447 to €103,028
of which Trade receivables: -€3,705
- Tangible fixed assets -€3,787
down €3,787 (-28.1%), from €13,464 to €9,677
of which Furniture and vehicles: -€2,794
- Short-term financial debts +€25,968
up €25,968 (+343.3%), from €7,563 to €33,532
- Tax, wage and social debts -€14,474
down €14,474 (-96.8%), from €14,950 to €476
- Profit (loss) carried forward -€10,910
down €10,910 (-92.3%), from -€11,821 to -€22,732
- Debts after one year -€5,169
down €5,169 (-56.6%), from €9,140 to €3,970
- Trade debts -€2,326
down €2,326 (-60.6%), from €3,840 to €1,515
- Gross operating margin +€5,604
up €5,604 (+60.7%), from -€9,236 to -€3,632
- Financial income -€2,469
down €2,469 (-99.8%), from €2,475 to €6
- Financial charges +€1,122
up €1,122 (+52.4%), from €2,142 to €3,264
- Other operating charges -€782
down €782 (-77.0%), from €1,016 to €234
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 | €123,759 | €113,089 | -€10,670 | -8.6% |
| Fixed assets | 21/28 | €13,848 | €10,062 | -€3,787 | -27.3% |
| Tangible fixed assets | 22/27 | €13,464 | €9,677 | -€3,787 | -28.1% |
| Plant, machinery and equipment | 23 | €3,017 | €2,024 | -€993 | -32.9% |
| Furniture and vehicles | 24 | €10,447 | €7,654 | -€2,794 | -26.7% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €109,911 | €103,028 | -€6,883 | -6.3% |
| Amounts receivable within one year | 40/41 | €109,447 | €103,028 | -€6,419 | -5.9% |
| Trade receivables | 40 | €106,161 | €102,456 | -€3,705 | -3.5% |
| Other amounts receivable | 41 | €3,286 | €572 | -€2,714 | -82.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €464 | €0 | -€464 | -100.0% |
| Total equity and liabilities | 10/49 | €123,759 | €113,089 | -€10,670 | -8.6% |
| Equity | 10/15 | €74,263 | €63,353 | -€10,910 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,484 | €67,484 | = | 0.0% |
| Distributable reserves | 133 | €67,484 | €67,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,821 | -€22,732 | -€10,910 | -92.3% |
| Amounts payable | 17/49 | €49,496 | €49,737 | +€240 | +0.5% |
| Amounts payable after more than one year | 17 | €9,140 | €3,970 | -€5,169 | -56.6% |
| Financial debts | 170/4 | €9,140 | €3,970 | -€5,169 | -56.6% |
| Amounts payable within one year | 42/48 | €39,129 | €45,386 | +€6,257 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €6,882 | €5,169 | -€1,712 | -24.9% |
| Financial debts | 43 | €7,563 | €33,532 | +€25,968 | +343.3% |
| Credit institutions | 430/8 | €7,563 | €33,532 | +€25,968 | +343.3% |
| Trade debts | 44 | €3,840 | €1,515 | -€2,326 | -60.6% |
| Suppliers | 440/4 | €3,840 | €1,515 | -€2,326 | -60.6% |
| Taxes, remuneration and social security | 45 | €14,950 | €476 | -€14,474 | -96.8% |
| Taxes | 450/3 | €14,950 | €476 | -€14,474 | -96.8% |
| Other amounts payable | 47/48 | €5,893 | €4,694 | -€1,199 | -20.3% |
| Accrued charges and deferred income | 492/3 | €1,228 | €380 | -€847 | -69.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,762 | €3,787 | +€25 | +0.7% |
| Other operating charges | 640/8 | €1,016 | €234 | -€782 | -77.0% |
| Gross operating margin | 9900 | -€9,236 | -€3,632 | +€5,604 | +60.7% |
| Operating profit (loss) | 9901 | -€14,014 | -€7,652 | +€6,362 | +45.4% |
| Financial income | 75/76B | €2,475 | €6 | -€2,469 | -99.8% |
| Recurring financial income | 75 | €2,475 | €6 | -€2,469 | -99.8% |
| Financial charges | 65/66B | €2,142 | €3,264 | +€1,122 | +52.4% |
| Recurring financial charges | 65 | €2,142 | €3,264 | +€1,122 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,681 | -€10,910 | +€2,771 | +20.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,681 | -€10,910 | +€2,771 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,681 | -€10,910 | +€2,771 | +20.3% |
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 1 October 2026 via checked.be.