LUPAM: 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.
LUPAM
Largest movements
- Receivables within one year +€13,512
up €13,512 (+85.0%), from €15,894 to €29,406
of which Trade receivables: +€16,093
- Stocks and contracts +€5,758
up €5,758 (+66.4%), from €8,666 to €14,424
- Reserves +€15,773
up €15,773 (+8.2%), from €193,120 to €208,893
of which Distributable reserves: +€15,773
- Tax, wage and social debts +€7,076
up €7,076 (+174.9%), from €4,045 to €11,120
of which Taxes: +€7,046
- Gross operating margin +€11,449
up €11,449 (+46.1%), from €24,812 to €36,260
- Taxes +€5,849
up €5,849 (+241.0%), from €2,427 to €8,276
- Financial income +€1,093
up €1,093 (+139.5%), from €783 to €1,877
- Depreciation +€948
up €948 (+8.7%), from €10,953 to €11,901
- Other operating charges -€498
down €498 (-21.1%), from €2,358 to €1,860
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 | €216,549 | €236,587 | +€20,038 | +9.3% |
| Fixed assets | 21/28 | €29,181 | €30,643 | +€1,462 | +5.0% |
| Tangible fixed assets | 22/27 | €29,181 | €30,643 | +€1,462 | +5.0% |
| Plant, machinery and equipment | 23 | €1,097 | €839 | -€259 | -23.6% |
| Furniture and vehicles | 24 | €28,084 | €26,333 | -€1,751 | -6.2% |
| Other tangible fixed assets | 26 | - | €3,471 | +€3,471 | |
| Current assets | 29/58 | €187,368 | €205,944 | +€18,577 | +9.9% |
| Stocks and contracts in progress | 3 | €8,666 | €14,424 | +€5,758 | +66.4% |
| Stocks | 30/36 | €8,666 | €14,424 | +€5,758 | +66.4% |
| Amounts receivable within one year | 40/41 | €15,894 | €29,406 | +€13,512 | +85.0% |
| Trade receivables | 40 | €11,841 | €27,934 | +€16,093 | +135.9% |
| Other amounts receivable | 41 | €4,053 | €1,472 | -€2,581 | -63.7% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €137,448 | €136,755 | -€694 | -0.5% |
| Deferred charges and accrued income | 490/1 | €359 | €359 | = | 0.0% |
| Total equity and liabilities | 10/49 | €216,549 | €236,587 | +€20,038 | +9.3% |
| Equity | 10/15 | €199,320 | €215,093 | +€15,773 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,120 | €208,893 | +€15,773 | +8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €193,120 | €208,893 | +€15,773 | +8.2% |
| Amounts payable | 17/49 | €17,229 | €21,494 | +€4,265 | +24.8% |
| Amounts payable after more than one year | 17 | €2,037 | €0 | -€2,037 | -100.0% |
| Other amounts payable | 178/9 | €2,037 | €0 | -€2,037 | -100.0% |
| Amounts payable within one year | 42/48 | €13,992 | €21,494 | +€7,503 | +53.6% |
| Trade debts | 44 | €9,947 | €10,374 | +€427 | +4.3% |
| Suppliers | 440/4 | €9,947 | €10,374 | +€427 | +4.3% |
| Taxes, remuneration and social security | 45 | €4,045 | €11,120 | +€7,076 | +174.9% |
| Taxes | 450/3 | €2,248 | €9,295 | +€7,046 | +313.4% |
| Remuneration and social security | 454/9 | €1,796 | €1,826 | +€29 | +1.6% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,953 | €11,901 | +€948 | +8.7% |
| Other operating charges | 640/8 | €2,358 | €1,860 | -€498 | -21.1% |
| Gross operating margin | 9900 | €24,812 | €36,260 | +€11,449 | +46.1% |
| Operating profit (loss) | 9901 | €11,500 | €22,499 | +€10,999 | +95.6% |
| Financial income | 75/76B | €783 | €1,877 | +€1,093 | +139.5% |
| Recurring financial income | 75 | €783 | €1,877 | +€1,093 | +139.5% |
| Financial charges | 65/66B | €373 | €327 | -€46 | -12.3% |
| Recurring financial charges | 65 | €373 | €327 | -€46 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €11,911 | €24,049 | +€12,138 | +101.9% |
| Income taxes | 67/77 | €2,427 | €8,276 | +€5,849 | +241.0% |
| Profit (loss) for the period | 9904 | €9,484 | €15,773 | +€6,289 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,484 | €15,773 | +€6,289 | +66.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.