LUPKES: 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.
LUPKES
Largest movements
- Cash -€41,626
down €41,626 (-79.8%), from €52,184 to €10,558
mainly Net result for the year (-€38,000) and Other debts (-€16,344)
- Tangible fixed assets -€19,600
down €19,600 (-4.4%), from €448,719 to €429,119
of which Land and buildings: -€18,786
- Receivables within one year +€5,283
up €5,283 (+474%), from €1,116 to €6,399
of which Trade receivables: +€4,942
- Reserves -€111,179
down €111,179 (-37.4%), from €297,200 to €186,022
of which Distributable reserves: -€111,179
- Profit (loss) carried forward +€73,179
up €73,179, from -€73,179 to €0
- Other debts -€16,344
down €16,344 (-8.4%), from €195,586 to €179,241
- Gross operating margin -€42,691
down €42,691, from €39,504 to -€3,187
- Financial charges -€2,735
down €2,735 (-17.3%), from €15,784 to €13,049
- Taxes -€1,047
down €1,047 (-67.5%), from €1,552 to €505
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 | €504,101 | €448,270 | -€55,830 | -11.1% |
| Fixed assets | 21/28 | €448,719 | €429,119 | -€19,600 | -4.4% |
| Tangible fixed assets | 22/27 | €448,719 | €429,119 | -€19,600 | -4.4% |
| Land and buildings | 22 | €446,620 | €427,834 | -€18,786 | -4.2% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,099 | €1,285 | -€814 | -38.8% |
| Current assets | 29/58 | €55,381 | €19,151 | -€36,230 | -65.4% |
| Amounts receivable within one year | 40/41 | €1,116 | €6,399 | +€5,283 | +474% |
| Trade receivables | 40 | €1,079 | €6,021 | +€4,942 | +458% |
| Other amounts receivable | 41 | €37 | €378 | +€341 | +929% |
| Cash at bank and in hand | 54/58 | €52,184 | €10,558 | -€41,626 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,082 | €2,195 | +€112 | +5.4% |
| Total equity and liabilities | 10/49 | €504,101 | €448,270 | -€55,830 | -11.1% |
| Equity | 10/15 | €286,021 | €248,022 | -€38,000 | -13.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €297,200 | €186,022 | -€111,179 | -37.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | - | €6,200 | +€6,200 | |
| Distributable reserves | 133 | €291,000 | €179,822 | -€111,179 | -38.2% |
| Profit (loss) carried forward | 14 | -€73,179 | €0 | +€73,179 | |
| Amounts payable | 17/49 | €218,079 | €200,249 | -€17,831 | -8.2% |
| Amounts payable within one year | 42/48 | €202,448 | €187,367 | -€15,080 | -7.4% |
| Trade debts | 44 | €2,249 | €6,975 | +€4,726 | +210% |
| Suppliers | 440/4 | €2,249 | €6,975 | +€4,726 | +210% |
| Advances received on contracts in progress | 46 | €3,000 | €0 | -€3,000 | -100% |
| Taxes, remuneration and social security | 45 | €1,613 | €1,151 | -€462 | -28.7% |
| Taxes | 450/3 | €1,613 | €1,151 | -€462 | -28.7% |
| Other amounts payable | 47/48 | €195,586 | €179,241 | -€16,344 | -8.4% |
| Accrued charges and deferred income | 492/3 | €15,632 | €12,882 | -€2,750 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,600 | €19,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,805 | €1,659 | -€146 | -8.1% |
| Gross operating margin | 9900 | €39,504 | -€3,187 | -€42,691 | |
| Operating profit (loss) | 9901 | €18,099 | -€24,446 | -€42,545 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €15,784 | €13,049 | -€2,735 | -17.3% |
| Recurring financial charges | 65 | €15,784 | €13,049 | -€2,735 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €2,316 | -€37,495 | -€39,811 | |
| Income taxes | 67/77 | €1,552 | €505 | -€1,047 | -67.5% |
| Profit (loss) for the period | 9904 | €764 | -€38,000 | -€38,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €764 | -€38,000 | -€38,764 |
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 29 October 2026 via checked.be.