LUPO: what changed
Two fiscal 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.
LUPO
Largest movements
- Cash +€29,805
up €29,805 (+40.9%), from €72,801 to €102,606
mainly Net result for the year (+€48,174) and Depreciation (+€24,290)
- Tangible fixed assets -€24,289
down €24,289 (-4.6%), from €533,219 to €508,930
- Profit (loss) carried forward +€48,174
up €48,174 (+98.5%), from -€48,904 to -€730
- Debts after one year -€46,881
down €46,881 (-25.6%), from €183,322 to €136,441
- Gross operating margin +€3,011
up €3,011 (+3.9%), from €77,763 to €80,774
- Taxes +€2,974
new in 2025: €2,974
- Financial charges -€1,356
down €1,356 (-21.5%), from €6,294 to €4,938
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 | €607,482 | €611,748 | +€4,266 | +0.7% |
| Fixed assets | 21/28 | €534,681 | €509,142 | -€25,539 | -4.8% |
| Tangible fixed assets | 22/27 | €533,219 | €508,930 | -€24,289 | -4.6% |
| Land and buildings | 22 | €533,219 | €508,930 | -€24,289 | -4.6% |
| Financial fixed assets | 28 | €1,462 | €212 | -€1,250 | -85.5% |
| Current assets | 29/58 | €72,801 | €102,606 | +€29,805 | +40.9% |
| Cash at bank and in hand | 54/58 | €72,801 | €102,606 | +€29,805 | +40.9% |
| Total equity and liabilities | 10/49 | €607,482 | €611,748 | +€4,266 | +0.7% |
| Equity | 10/15 | €53,110 | €101,284 | +€48,174 | +90.7% |
| Contributions | 10/11 | €102,014 | €102,014 | = | 0.0% |
| Capital | 10 | €102,014 | €102,014 | = | 0.0% |
| Issued capital | 100 | €102,014 | €102,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,904 | -€730 | +€48,174 | +98.5% |
| Amounts payable | 17/49 | €554,372 | €510,464 | -€43,908 | -7.9% |
| Amounts payable after more than one year | 17 | €183,322 | €136,441 | -€46,881 | -25.6% |
| Financial debts | 170/4 | €183,322 | €136,441 | -€46,881 | -25.6% |
| Amounts payable within one year | 42/48 | €371,050 | €374,023 | +€2,973 | +0.8% |
| Trade debts | 44 | €13,609 | €13,609 | = | 0.0% |
| Suppliers | 440/4 | €13,609 | €13,609 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,974 | +€2,974 | |
| Taxes | 450/3 | - | €2,974 | +€2,974 | |
| Other amounts payable | 47/48 | €357,441 | €357,440 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,308 | €24,290 | -€18 | -0.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €77,763 | €80,774 | +€3,011 | +3.9% |
| Operating profit (loss) | 9901 | €53,068 | €56,084 | +€3,016 | +5.7% |
| Financial income | 75/76B | €8 | €2 | -€6 | -75.0% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -75.0% |
| Financial charges | 65/66B | €6,294 | €4,938 | -€1,356 | -21.5% |
| Recurring financial charges | 65 | €6,294 | €4,938 | -€1,356 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €46,782 | €51,148 | +€4,366 | +9.3% |
| Income taxes | 67/77 | - | €2,974 | +€2,974 | |
| Profit (loss) for the period | 9904 | €46,782 | €48,174 | +€1,392 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,782 | €48,174 | +€1,392 | +3.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.