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
- Cash +€136,305
up €136,305 (+112.7%), from €120,987 to €257,292
mainly Other debts (+€150,318) and Receivables within one year (+€117,949)
- Receivables within one year -€117,949
down €117,949 (-72.9%), from €161,689 to €43,740
of which Other amounts receivable: -€116,287
- Tangible fixed assets -€79,490
down €79,490 (-13.3%), from €598,065 to €518,575
of which Other tangible fixed assets: -€42,274
- Contributions -€225,000
down €225,000 (-78.4%), from €287,000 to €62,000
- Other debts +€150,318
up €150,318 (+1176.9%), from €12,772 to €163,090
- Reserves +€19,345
up €19,345 (+5.4%), from €360,564 to €379,909
of which Distributable reserves: +€19,345
- Debts after one year -€15,625
down €15,625 (-20.0%), from €78,124 to €62,499
- Depreciation +€19,904
up €19,904 (+33.4%), from €59,586 to €79,490
- Taxes -€12,678
down €12,678 (-54.4%), from €23,297 to €10,619
- Gross operating margin -€9,343
down €9,343 (-6.2%), from €150,722 to €141,379
- Financial charges +€7,842
up €7,842 (+225.1%), from €3,484 to €11,326
- Financial income -€4,646
down €4,646 (-69.0%), from €6,729 to €2,083
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €880,741 | €819,606 | -€61,135 | -6.9% |
| Fixed assets | 21/28 | €598,065 | €518,575 | -€79,490 | -13.3% |
| Tangible fixed assets | 22/27 | €598,065 | €518,575 | -€79,490 | -13.3% |
| Land and buildings | 22 | €323,988 | €312,347 | -€11,641 | -3.6% |
| Furniture and vehicles | 24 | €4,954 | €1,254 | -€3,700 | -74.7% |
| Leasing and similar rights | 25 | €109,375 | €87,500 | -€21,875 | -20.0% |
| Other tangible fixed assets | 26 | €159,749 | €117,475 | -€42,274 | -26.5% |
| Current assets | 29/58 | €282,676 | €301,031 | +€18,355 | +6.5% |
| Amounts receivable within one year | 40/41 | €161,689 | €43,740 | -€117,949 | -72.9% |
| Trade receivables | 40 | €1,662 | €0 | -€1,662 | -100.0% |
| Other amounts receivable | 41 | €160,027 | €43,740 | -€116,287 | -72.7% |
| Cash at bank and in hand | 54/58 | €120,987 | €257,292 | +€136,305 | +112.7% |
| Total equity and liabilities | 10/49 | €880,741 | €819,606 | -€61,135 | -6.9% |
| Equity | 10/15 | €768,470 | €562,823 | -€205,646 | -26.8% |
| Contributions | 10/11 | €287,000 | €62,000 | -€225,000 | -78.4% |
| Capital | 10 | €287,000 | €62,000 | -€225,000 | -78.4% |
| Issued capital | 100 | €287,000 | €62,000 | -€225,000 | -78.4% |
| Reserves | 13 | €360,564 | €379,909 | +€19,345 | +5.4% |
| Non-distributable reserves | 130/1 | €9,450 | €9,450 | = | 0.0% |
| Legal reserve | 130 | €9,450 | €9,450 | = | 0.0% |
| Distributable reserves | 133 | €351,114 | €370,459 | +€19,345 | +5.5% |
| Profit (loss) carried forward | 14 | €120,906 | €120,914 | +€8 | 0.0% |
| Amounts payable | 17/49 | €112,272 | €256,783 | +€144,511 | +128.7% |
| Amounts payable after more than one year | 17 | €78,124 | €62,499 | -€15,625 | -20.0% |
| Financial debts | 170/4 | €78,124 | €62,499 | -€15,625 | -20.0% |
| Amounts payable within one year | 42/48 | €34,148 | €194,092 | +€159,944 | +468.4% |
| Current portion of amounts payable after more than one year | 42 | €15,625 | €21,473 | +€5,848 | +37.4% |
| Trade debts | 44 | €778 | €1,404 | +€626 | +80.5% |
| Suppliers | 440/4 | €778 | €1,404 | +€626 | +80.5% |
| Taxes, remuneration and social security | 45 | €4,973 | €8,125 | +€3,152 | +63.4% |
| Taxes | 450/3 | €4,973 | €8,125 | +€3,152 | +63.4% |
| Other amounts payable | 47/48 | €12,772 | €163,090 | +€150,318 | +1176.9% |
| Accrued charges and deferred income | 492/3 | - | €192 | +€192 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,760 | €2,168 | +€408 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,586 | €79,490 | +€19,904 | +33.4% |
| Other operating charges | 640/8 | €17,896 | €18,840 | +€944 | +5.3% |
| Gross operating margin | 9900 | €150,722 | €141,379 | -€9,343 | -6.2% |
| Operating profit (loss) | 9901 | €71,479 | €40,881 | -€30,598 | -42.8% |
| Financial income | 75/76B | €6,729 | €2,083 | -€4,646 | -69.0% |
| Recurring financial income | 75 | €6,729 | €2,083 | -€4,646 | -69.0% |
| Financial charges | 65/66B | €3,484 | €11,326 | +€7,842 | +225.1% |
| Recurring financial charges | 65 | €3,484 | €11,326 | +€7,842 | +225.1% |
| Profit (loss) for the period before taxes | 9903 | €74,725 | €31,638 | -€43,087 | -57.7% |
| Income taxes | 67/77 | €23,297 | €10,619 | -€12,678 | -54.4% |
| Profit (loss) for the period | 9904 | €51,428 | €21,020 | -€30,408 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,428 | €21,020 | -€30,408 | -59.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.