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 +€47,005
up €47,005 (+62.1%), from €75,691 to €122,696
of which Trade receivables: +€103,117
- Tangible fixed assets -€41,214
down €41,214 (-5.8%), from €705,081 to €663,867
of which Plant, machinery and equipment: -€29,187
- Cash -€37,036
down €37,036 (-42.6%), from €87,036 to €50,000
mainly Net result for the year (-€130,138) and Debts after one year (-€52,107)
- Profit (loss) carried forward -€120,752
new in 2025: -€120,752
- Short-term financial debts +€102,223
up €102,223, from €0 to €102,223
- Other debts +€82,425
up €82,425 (+813.3%), from €10,134 to €92,559
- Debts after one year -€52,107
down €52,107 (-11.5%), from €454,811 to €402,704
- Tax, wage and social debts -€39,485
down €39,485 (-90.1%), from €43,830 to €4,345
- Gross operating margin -€169,882
down €169,882, from €144,824 to -€25,057
- Taxes -€16,767
down €16,767 (-77.0%), from €21,763 to €4,996
- Other operating charges +€11,033
up €11,033 (+101.9%), from €10,829 to €21,862
- Financial income -€4,221
down €4,221 (-99.7%), from €4,235 to €14
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 | €885,988 | €849,390 | -€36,598 | -4.1% |
| Fixed assets | 21/28 | €705,081 | €663,867 | -€41,214 | -5.8% |
| Tangible fixed assets | 22/27 | €705,081 | €663,867 | -€41,214 | -5.8% |
| Land and buildings | 22 | €522,678 | €497,678 | -€25,000 | -4.8% |
| Plant, machinery and equipment | 23 | €167,681 | €138,494 | -€29,187 | -17.4% |
| Furniture and vehicles | 24 | €10,010 | €19,983 | +€9,973 | +99.6% |
| Other tangible fixed assets | 26 | €4,713 | €7,713 | +€3,000 | +63.7% |
| Current assets | 29/58 | €180,907 | €185,523 | +€4,616 | +2.6% |
| Amounts receivable within one year | 40/41 | €75,691 | €122,696 | +€47,005 | +62.1% |
| Trade receivables | 40 | €0 | €103,117 | +€103,117 | |
| Other amounts receivable | 41 | €75,691 | €19,579 | -€56,112 | -74.1% |
| Cash at bank and in hand | 54/58 | €87,036 | €50,000 | -€37,036 | -42.6% |
| Deferred charges and accrued income | 490/1 | €18,180 | €12,826 | -€5,354 | -29.4% |
| Total equity and liabilities | 10/49 | €885,988 | €849,390 | -€36,598 | -4.1% |
| Equity | 10/15 | €310,880 | €180,742 | -€130,138 | -41.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €309,880 | €300,494 | -€9,386 | -3.0% |
| Distributable reserves | 133 | €309,880 | €300,494 | -€9,386 | -3.0% |
| Profit (loss) carried forward | 14 | - | -€120,752 | -€120,752 | |
| Amounts payable | 17/49 | €575,108 | €668,648 | +€93,540 | +16.3% |
| Amounts payable after more than one year | 17 | €454,811 | €402,704 | -€52,107 | -11.5% |
| Financial debts | 170/4 | €454,811 | €402,704 | -€52,107 | -11.5% |
| Amounts payable within one year | 42/48 | €120,297 | €265,944 | +€145,647 | +121.1% |
| Current portion of amounts payable after more than one year | 42 | €57,741 | €61,697 | +€3,955 | +6.8% |
| Financial debts | 43 | €0 | €102,223 | +€102,223 | |
| Credit institutions | 430/8 | €0 | €102,223 | +€102,223 | |
| Trade debts | 44 | €8,591 | €5,120 | -€3,471 | -40.4% |
| Suppliers | 440/4 | €8,591 | €5,120 | -€3,471 | -40.4% |
| Taxes, remuneration and social security | 45 | €43,830 | €4,345 | -€39,485 | -90.1% |
| Taxes | 450/3 | €43,830 | €4,345 | -€39,485 | -90.1% |
| Other amounts payable | 47/48 | €10,134 | €92,559 | +€82,425 | +813.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,842 | €59,130 | +€1,288 | +2.2% |
| Other operating charges | 640/8 | €10,829 | €21,862 | +€11,033 | +101.9% |
| Gross operating margin | 9900 | €144,824 | -€25,057 | -€169,882 | |
| Operating profit (loss) | 9901 | €76,153 | -€106,050 | -€182,203 | |
| Financial income | 75/76B | €4,235 | €14 | -€4,221 | -99.7% |
| Recurring financial income | 75 | €4,235 | €14 | -€4,221 | -99.7% |
| Financial charges | 65/66B | €19,889 | €19,107 | -€783 | -3.9% |
| Recurring financial charges | 65 | €19,889 | €19,107 | -€783 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €60,500 | -€125,142 | -€185,642 | |
| Income taxes | 67/77 | €21,763 | €4,996 | -€16,767 | -77.0% |
| Profit (loss) for the period | 9904 | €38,736 | -€130,138 | -€168,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,736 | -€130,138 | -€168,874 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.