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 -€133,858
down €133,858 (-94.7%), from €141,283 to €7,425
mainly Investment in fixed assets (net) (-€90,381) and Receivables within one year (-€48,683)
- Tangible fixed assets +€78,775
up €78,775 (+31.0%), from €253,993 to €332,767
of which Other tangible fixed assets: +€84,376
- Receivables within one year +€48,683
up €48,683 (+877.8%), from €5,546 to €54,229
of which Trade receivables: +€47,096
- Trade debts -€17,509
down €17,509 (-89.0%), from €19,678 to €2,169
- Debts after one year -€14,065
down €14,065 (-8.2%), from €172,165 to €158,099
- Other debts +€14,046
up €14,046 (+8.4%), from €167,492 to €181,538
- Profit (loss) carried forward +€10,922
up €10,922 (+1002.4%), from €1,090 to €12,012
- Gross operating margin -€84,777
down €84,777 (-68.2%), from €124,374 to €39,596
- Depreciation +€4,462
up €4,462 (+62.5%), from €7,143 to €11,606
- Financial charges -€3,417
down €3,417 (-18.3%), from €18,719 to €15,302
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 | €404,477 | €398,076 | -€6,400 | -1.6% |
| Fixed assets | 21/28 | €257,648 | €336,422 | +€78,775 | +30.6% |
| Tangible fixed assets | 22/27 | €253,993 | €332,767 | +€78,775 | +31.0% |
| Land and buildings | 22 | €198,122 | €192,930 | -€5,192 | -2.6% |
| Furniture and vehicles | 24 | €775 | €365 | -€409 | -52.8% |
| Other tangible fixed assets | 26 | €55,096 | €139,472 | +€84,376 | +153.1% |
| Financial fixed assets | 28 | €3,655 | €3,655 | = | 0.0% |
| Current assets | 29/58 | €146,829 | €61,654 | -€85,175 | -58.0% |
| Amounts receivable within one year | 40/41 | €5,546 | €54,229 | +€48,683 | +877.8% |
| Trade receivables | 40 | €5,485 | €52,581 | +€47,096 | +858.6% |
| Other amounts receivable | 41 | €60 | €1,647 | +€1,587 | +2630.6% |
| Cash at bank and in hand | 54/58 | €141,283 | €7,425 | -€133,858 | -94.7% |
| Total equity and liabilities | 10/49 | €404,477 | €398,076 | -€6,400 | -1.6% |
| Equity | 10/15 | €31,283 | €42,205 | +€10,922 | +34.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,193 | €27,193 | = | 0.0% |
| Distributable reserves | 133 | €27,193 | €27,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,090 | €12,012 | +€10,922 | +1002.4% |
| Amounts payable | 17/49 | €373,194 | €355,871 | -€17,323 | -4.6% |
| Amounts payable after more than one year | 17 | €172,165 | €158,099 | -€14,065 | -8.2% |
| Financial debts | 170/4 | €172,165 | €158,099 | -€14,065 | -8.2% |
| Amounts payable within one year | 42/48 | €201,029 | €197,772 | -€3,258 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €13,860 | €14,065 | +€205 | +1.5% |
| Trade debts | 44 | €19,678 | €2,169 | -€17,509 | -89.0% |
| Suppliers | 440/4 | €19,678 | €2,169 | -€17,509 | -89.0% |
| Other amounts payable | 47/48 | €167,492 | €181,538 | +€14,046 | +8.4% |
| Non-recurring operating income | 76A | €132,411 | - | -€132,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,143 | €11,606 | +€4,462 | +62.5% |
| Other operating charges | 640/8 | €2,072 | €1,796 | -€276 | -13.3% |
| Gross operating margin | 9900 | €124,374 | €39,596 | -€84,777 | -68.2% |
| Operating profit (loss) | 9901 | €115,158 | €26,194 | -€88,964 | -77.3% |
| Financial income | 75/76B | €208 | €30 | -€178 | -85.4% |
| Recurring financial income | 75 | €208 | €30 | -€178 | -85.4% |
| Financial charges | 65/66B | €18,719 | €15,302 | -€3,417 | -18.3% |
| Recurring financial charges | 65 | €18,719 | €15,302 | -€3,417 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €96,647 | €10,922 | -€85,725 | -88.7% |
| Profit (loss) for the period | 9904 | €96,647 | €10,922 | -€85,725 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,647 | €10,922 | -€85,725 | -88.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.