Lupo Management: 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.
Lupo Management
Largest movements
- Receivables within one year +€98,248
up €98,248 (+5,607%), from €1,752 to €100,000
of which Trade receivables: +€100,000
- Tangible fixed assets -€19,698
down €19,698 (-6.6%), from €297,736 to €278,038
of which Land and buildings: -€18,056
- Cash -€4,077
down €4,077 (-79.7%), from €5,117 to €1,040
mainly Receivables within one year (-€98,248) and Investment in fixed assets (net) (-€32,369)
- Other debts +€69,287
up €69,287 (+155%), from €44,616 to €113,903
- Debts after one year -€20,726
down €20,726 (-12.6%), from €164,522 to €143,796
- Trade debts +€19,629
up €19,629 (+1,987%), from €988 to €20,617
- Reserves +€11,613
up €11,613 (+25.4%), from €45,708 to €57,320
- Tax, wage and social debts -€8,385
down €8,385 (-55.4%), from €15,138 to €6,753
of which Taxes: -€8,385
- Gross operating margin +€43,990
up €43,990 (+129%), from €34,030 to €78,020
- Depreciation +€31,160
up €31,160 (+149%), from €20,907 to €52,067
- Write-downs -€7,070
down €7,070 (-100%), from €7,070 to €0
- Financial charges -€6,525
down €6,525 (-37.5%), from €17,413 to €10,887
- Other operating charges +€1,093
up €1,093 (+81.8%), from €1,335 to €2,428
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,712 | €380,427 | +€74,716 | +24.4% |
| Fixed assets | 21/28 | €297,736 | €278,038 | -€19,698 | -6.6% |
| Tangible fixed assets | 22/27 | €297,736 | €278,038 | -€19,698 | -6.6% |
| Land and buildings | 22 | €171,267 | €153,211 | -€18,056 | -10.5% |
| Plant, machinery and equipment | 23 | €44,814 | €60,440 | +€15,626 | +34.9% |
| Furniture and vehicles | 24 | €81,655 | €64,387 | -€17,268 | -21.1% |
| Current assets | 29/58 | €7,976 | €102,389 | +€94,414 | +1,184% |
| Amounts receivable within one year | 40/41 | €1,752 | €100,000 | +€98,248 | +5,607% |
| Trade receivables | 40 | €0 | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | €1,752 | €0 | -€1,752 | -100% |
| Cash at bank and in hand | 54/58 | €5,117 | €1,040 | -€4,077 | -79.7% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,349 | +€243 | +22.0% |
| Total equity and liabilities | 10/49 | €305,712 | €380,427 | +€74,716 | +24.4% |
| Equity | 10/15 | €51,908 | €63,520 | +€11,613 | +22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,708 | €57,320 | +€11,613 | +25.4% |
| Distributable reserves | 133 | €45,708 | €57,320 | +€11,613 | +25.4% |
| Amounts payable | 17/49 | €253,804 | €316,907 | +€63,103 | +24.9% |
| Amounts payable after more than one year | 17 | €164,522 | €143,796 | -€20,726 | -12.6% |
| Financial debts | 170/4 | €164,522 | €143,796 | -€20,726 | -12.6% |
| Amounts payable within one year | 42/48 | €89,282 | €173,111 | +€83,829 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | €19,642 | €20,726 | +€1,085 | +5.5% |
| Financial debts | 43 | €8,898 | €11,112 | +€2,214 | +24.9% |
| Credit institutions | 430/8 | €8,898 | €11,112 | +€2,214 | +24.9% |
| Trade debts | 44 | €988 | €20,617 | +€19,629 | +1,987% |
| Suppliers | 440/4 | €988 | €20,617 | +€19,629 | +1,987% |
| Taxes, remuneration and social security | 45 | €15,138 | €6,753 | -€8,385 | -55.4% |
| Taxes | 450/3 | €15,138 | €6,753 | -€8,385 | -55.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €44,616 | €113,903 | +€69,287 | +155% |
| Non-recurring operating income | 76A | €345 | €0 | -€345 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,907 | €52,067 | +€31,160 | +149% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,070 | €0 | -€7,070 | -100% |
| Other operating charges | 640/8 | €1,335 | €2,428 | +€1,093 | +81.8% |
| Gross operating margin | 9900 | €34,030 | €78,020 | +€43,990 | +129% |
| Operating profit (loss) | 9901 | €4,718 | €23,525 | +€18,806 | +399% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €17,413 | €10,887 | -€6,525 | -37.5% |
| Recurring financial charges | 65 | €17,413 | €10,887 | -€6,525 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,694 | €12,641 | +€25,335 | |
| Income taxes | 67/77 | €164 | €1,028 | +€865 | +528% |
| Profit (loss) for the period | 9904 | -€12,858 | €11,613 | +€24,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,858 | €11,613 | +€24,471 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.