LUPI GREX: what changed
LUPI GREX
Largest movements
- Cash +€30,783
up €30,783 (+59.0%), from €52,170 to €82,952
mainly Net result for the year (+€45,550) and Tax, wage and social debts (+€7,238)
- Tangible fixed assets +€15,673
up €15,673 (+345%), from €4,544 to €20,218
of which Other tangible fixed assets: +€14,930
- Deferred charges and accrued income +€2,007
up €2,007 (+742%), from €271 to €2,278
- Receivables within one year +€1,673
up €1,673 (+13.3%), from €12,562 to €14,234
of which Trade receivables: +€1,051
- Reserves +€45,550
up €45,550 (+99.6%), from €45,749 to €91,299
- Tax, wage and social debts +€7,238
up €7,238 (+44.8%), from €16,171 to €23,409
- Trade debts -€1,553
down €1,553 (-33.7%), from €4,612 to €3,059
- Gross operating margin +€3,426
up €3,426 (+5.7%), from €60,433 to €63,859
- Financial charges +€1,791
up €1,791 (+125%), from €1,437 to €3,228
- Depreciation +€1,373
up €1,373 (+276%), from €497 to €1,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,546 | €119,682 | +€50,136 | +72.1% |
| Fixed assets | 21/28 | €4,544 | €20,218 | +€15,673 | +345% |
| Tangible fixed assets | 22/27 | €4,544 | €20,218 | +€15,673 | +345% |
| Plant, machinery and equipment | 23 | €1,243 | €969 | -€274 | -22.0% |
| Furniture and vehicles | 24 | €1,948 | €2,965 | +€1,017 | +52.2% |
| Other tangible fixed assets | 26 | €1,354 | €16,284 | +€14,930 | +1,103% |
| Current assets | 29/58 | €65,002 | €99,464 | +€34,462 | +53.0% |
| Amounts receivable within one year | 40/41 | €12,562 | €14,234 | +€1,673 | +13.3% |
| Trade receivables | 40 | €12,561 | €13,613 | +€1,051 | +8.4% |
| Other amounts receivable | 41 | €1 | €622 | +€621 | +98,606% |
| Cash at bank and in hand | 54/58 | €52,170 | €82,952 | +€30,783 | +59.0% |
| Deferred charges and accrued income | 490/1 | €271 | €2,278 | +€2,007 | +742% |
| Total equity and liabilities | 10/49 | €69,546 | €119,682 | +€50,136 | +72.1% |
| Equity | 10/15 | €46,749 | €92,299 | +€45,550 | +97.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,749 | €91,299 | +€45,550 | +99.6% |
| Distributable reserves | 133 | €45,749 | €91,299 | +€45,550 | +99.6% |
| Amounts payable | 17/49 | €22,797 | €27,383 | +€4,586 | +20.1% |
| Amounts payable within one year | 42/48 | €22,234 | €27,354 | +€5,120 | +23.0% |
| Financial debts | 43 | €10 | €12 | +€2 | +20.0% |
| Credit institutions | 430/8 | €10 | €12 | +€2 | +20.0% |
| Trade debts | 44 | €4,612 | €3,059 | -€1,553 | -33.7% |
| Suppliers | 440/4 | €4,612 | €3,059 | -€1,553 | -33.7% |
| Taxes, remuneration and social security | 45 | €16,171 | €23,409 | +€7,238 | +44.8% |
| Taxes | 450/3 | €16,171 | €23,409 | +€7,238 | +44.8% |
| Other amounts payable | 47/48 | €1,442 | €874 | -€568 | -39.4% |
| Accrued charges and deferred income | 492/3 | €563 | €29 | -€534 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €1,870 | +€1,373 | +276% |
| Other operating charges | 640/8 | €514 | €701 | +€188 | +36.6% |
| Gross operating margin | 9900 | €60,433 | €63,859 | +€3,426 | +5.7% |
| Operating profit (loss) | 9901 | €59,422 | €61,287 | +€1,865 | +3.1% |
| Financial income | 75/76B | €26 | €56 | +€30 | +115% |
| Recurring financial income | 75 | €26 | €56 | +€30 | +115% |
| Financial charges | 65/66B | €1,437 | €3,228 | +€1,791 | +125% |
| Recurring financial charges | 65 | €1,437 | €3,228 | +€1,791 | +125% |
| Profit (loss) for the period before taxes | 9903 | €58,012 | €58,116 | +€104 | +0.2% |
| Income taxes | 67/77 | €12,263 | €12,565 | +€302 | +2.5% |
| Profit (loss) for the period | 9904 | €45,749 | €45,550 | -€199 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,749 | €45,550 | -€199 | -0.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.