Lupa.ventures: 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.
Lupa.ventures
Largest movements
- Cash -€14,417
down €14,417 (-85.8%), from €16,797 to €2,380
mainly Receivables within one year (-€9,817) and Net result for the year (-€7,531)
- Receivables within one year +€9,817
up €9,817 (+2.5%), from €394,174 to €403,992
of which Other amounts receivable: +€10,167
- Profit (loss) carried forward -€7,531
down €7,531 (-7.8%), from -€96,985 to -€104,517
- Financial income -€76,503
down €76,503 (-96.3%), from €79,409 to €2,906
- Depreciation -€16,505
down €16,505 (-100%), from €16,505 to €0
- Gross operating margin -€1,429
down €1,429 (-578%), from -€247 to -€1,676
- Financial charges -€1,354
down €1,354 (-22.4%), from €6,039 to €4,686
- Other operating charges +€1,188
up €1,188 (+41.1%), from €2,888 to €4,076
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 | €414,803 | €406,372 | -€8,432 | -2.0% |
| Fixed assets | 21/28 | €3,832 | €0 | -€3,832 | -100% |
| Tangible fixed assets | 22/27 | €3,832 | €0 | -€3,832 | -100% |
| Plant, machinery and equipment | 23 | €3,832 | €0 | -€3,832 | -100% |
| Current assets | 29/58 | €410,971 | €406,372 | -€4,600 | -1.1% |
| Amounts receivable within one year | 40/41 | €394,174 | €403,992 | +€9,817 | +2.5% |
| Trade receivables | 40 | €350 | €0 | -€350 | -100% |
| Other amounts receivable | 41 | €393,824 | €403,992 | +€10,167 | +2.6% |
| Cash at bank and in hand | 54/58 | €16,797 | €2,380 | -€14,417 | -85.8% |
| Total equity and liabilities | 10/49 | €414,803 | €406,372 | -€8,432 | -2.0% |
| Equity | 10/15 | €403,015 | €395,483 | -€7,531 | -1.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,985 | -€104,517 | -€7,531 | -7.8% |
| Amounts payable | 17/49 | €11,788 | €10,888 | -€900 | -7.6% |
| Amounts payable within one year | 42/48 | €11,788 | €10,888 | -€900 | -7.6% |
| Trade debts | 44 | €571 | €458 | -€112 | -19.7% |
| Suppliers | 440/4 | €571 | €458 | -€112 | -19.7% |
| Other amounts payable | 47/48 | €11,218 | €10,430 | -€788 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,505 | €0 | -€16,505 | -100% |
| Other operating charges | 640/8 | €2,888 | €4,076 | +€1,188 | +41.1% |
| Gross operating margin | 9900 | -€247 | -€1,676 | -€1,429 | -578% |
| Operating profit (loss) | 9901 | -€19,640 | -€5,752 | +€13,888 | +70.7% |
| Financial income | 75/76B | €79,409 | €2,906 | -€76,503 | -96.3% |
| Recurring financial income | 75 | €79,409 | €2,906 | -€76,503 | -96.3% |
| Financial charges | 65/66B | €6,039 | €4,686 | -€1,354 | -22.4% |
| Recurring financial charges | 65 | €6,039 | €4,686 | -€1,354 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €53,730 | -€7,531 | -€61,261 | |
| Profit (loss) for the period | 9904 | €53,730 | -€7,531 | -€61,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,730 | -€7,531 | -€61,261 |
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 25 October 2026 via checked.be.