LUPEX: 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.
LUPEX
Largest movements
- Cash -€13,951
down €13,951 (-37.0%), from €37,722 to €23,771
mainly Receivables within one year (-€12,798) and Debts after one year (-€10,397)
- Receivables within one year +€12,798
up €12,798 (+33.3%), from €38,454 to €51,252
of which Trade receivables: +€13,382
- Tangible fixed assets -€3,155
down €3,155 (-13.4%), from €23,558 to €20,403
of which Furniture and vehicles: -€5,022
- Deferred charges and accrued income -€1,736
down €1,736 (-41.0%), from €4,237 to €2,502
- Debts after one year -€10,397
down €10,397 (-45.6%), from €22,794 to €12,398
- Profit (loss) carried forward +€7,112
up €7,112 (+19.5%), from €36,545 to €43,657
- Current portion of long-term debt +€5,318
new in 2025: €5,318
- Other debts -€4,690
down €4,690 (-96.7%), from €4,852 to €162
- Trade debts -€3,780
down €3,780 (-14.2%), from €26,526 to €22,747
- Turnover -€71,182
down €71,182 (-18.0%), from €395,408 to €324,226
- Purchases and services -€69,123
down €69,123 (-18.1%), from €382,104 to €312,981
- Gross operating margin +€4,617
up €4,617 (+29.5%), from €15,659 to €20,276
- Financial income -€4,544
down €4,544 (-97.0%), from €4,684 to €140
of which Non-recurring financial income: -€4,500
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 | €103,971 | €97,928 | -€6,043 | -5.8% |
| Fixed assets | 21/28 | €23,558 | €20,403 | -€3,155 | -13.4% |
| Tangible fixed assets | 22/27 | €23,558 | €20,403 | -€3,155 | -13.4% |
| Plant, machinery and equipment | 23 | €1,268 | €3,135 | +€1,867 | +147.2% |
| Furniture and vehicles | 24 | €22,289 | €17,268 | -€5,022 | -22.5% |
| Current assets | 29/58 | €80,413 | €77,525 | -€2,888 | -3.6% |
| Amounts receivable within one year | 40/41 | €38,454 | €51,252 | +€12,798 | +33.3% |
| Trade receivables | 40 | €36,389 | €49,771 | +€13,382 | +36.8% |
| Other amounts receivable | 41 | €2,065 | €1,481 | -€584 | -28.3% |
| Cash at bank and in hand | 54/58 | €37,722 | €23,771 | -€13,951 | -37.0% |
| Deferred charges and accrued income | 490/1 | €4,237 | €2,502 | -€1,736 | -41.0% |
| Total equity and liabilities | 10/49 | €103,971 | €97,928 | -€6,043 | -5.8% |
| Equity | 10/15 | €43,691 | €50,803 | +€7,112 | +16.3% |
| Contributions | 10/11 | €7,147 | €7,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,545 | €43,657 | +€7,112 | +19.5% |
| Amounts payable | 17/49 | €60,279 | €47,124 | -€13,155 | -21.8% |
| Amounts payable after more than one year | 17 | €22,794 | €12,398 | -€10,397 | -45.6% |
| Financial debts | 170/4 | €22,794 | €12,398 | -€10,397 | -45.6% |
| Amounts payable within one year | 42/48 | €37,485 | €34,727 | -€2,759 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,318 | +€5,318 | |
| Trade debts | 44 | €26,526 | €22,747 | -€3,780 | -14.2% |
| Suppliers | 440/4 | €26,526 | €22,747 | -€3,780 | -14.2% |
| Taxes, remuneration and social security | 45 | €6,107 | €6,500 | +€393 | +6.4% |
| Taxes | 450/3 | €6,107 | €6,500 | +€393 | +6.4% |
| Other amounts payable | 47/48 | €4,852 | €162 | -€4,690 | -96.7% |
| Turnover | 70 | €395,408 | €324,226 | -€71,182 | -18.0% |
| Non-recurring operating income | 76A | - | €4,742 | +€4,742 | |
| Goods, raw materials, services and sundry goods | 60/61 | €382,104 | €312,981 | -€69,123 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,947 | €6,935 | +€988 | +16.6% |
| Other operating charges | 640/8 | €1,185 | €1,177 | -€9 | -0.7% |
| Gross operating margin | 9900 | €15,659 | €20,276 | +€4,617 | +29.5% |
| Operating profit (loss) | 9901 | €8,526 | €12,164 | +€3,638 | +42.7% |
| Financial income | 75/76B | €4,684 | €140 | -€4,544 | -97.0% |
| Recurring financial income | 75 | €184 | €140 | -€43 | -23.5% |
| Non-recurring financial income | 76B | €4,500 | - | -€4,500 | |
| Financial charges | 65/66B | €1,315 | €1,093 | -€223 | -16.9% |
| Recurring financial charges | 65 | €1,315 | €1,093 | -€223 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €11,895 | €11,212 | -€683 | -5.7% |
| Income taxes | 67/77 | €3,407 | €4,100 | +€693 | +20.3% |
| Profit (loss) for the period | 9904 | €8,488 | €7,112 | -€1,376 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,488 | €7,112 | -€1,376 | -16.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.