LUPO PREMIUM: 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 PREMIUM
Largest movements
- Tangible fixed assets +€42,591
up €42,591 (+428%), from €9,952 to €52,543
of which Furniture and vehicles: +€45,689
- Cash +€17,104
up €17,104 (+250%), from €6,837 to €23,941
mainly Debts after one year (+€26,608) and Other debts (+€21,945)
- Receivables within one year +€10,995
up €10,995 (+99.9%), from €11,011 to €22,006
of which Trade receivables: +€7,635
- Deferred charges and accrued income +€2,731
new in 2025: €2,731
- Stocks and contracts +€1,500
up €1,500 (+18.4%), from €8,150 to €9,650
- Debts after one year +€26,608
new in 2025: €26,608
- Other debts +€21,945
up €21,945 (+1,277%), from €1,718 to €23,663
- Reserves +€10,501
up €10,501 (+70.3%), from €14,948 to €25,449
- Tax, wage and social debts +€7,827
up €7,827 (+257%), from €3,042 to €10,869
of which Remuneration and social security: +€5,446
- Current portion of long-term debt +€5,857
up €5,857 (+161%), from €3,649 to €9,506
- Staff costs +€23,584
up €23,584 (+3,503%), from €673 to €24,258
- Gross operating margin +€22,185
up €22,185 (+79.7%), from €27,822 to €50,006
- Depreciation +€4,797
up €4,797 (+131%), from €3,655 to €8,452
- Taxes -€2,248
down €2,248 (-39.6%), from €5,675 to €3,427
- Other operating charges +€1,471
up €1,471 (+128%), from €1,147 to €2,618
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 | €35,951 | €110,871 | +€74,920 | +208% |
| Fixed assets | 21/28 | €9,952 | €52,543 | +€42,591 | +428% |
| Tangible fixed assets | 22/27 | €9,952 | €52,543 | +€42,591 | +428% |
| Land and buildings | 22 | €6,399 | €4,799 | -€1,600 | -25.0% |
| Plant, machinery and equipment | 23 | €2,996 | €1,498 | -€1,498 | -50.0% |
| Furniture and vehicles | 24 | €557 | €46,246 | +€45,689 | +8,202% |
| Current assets | 29/58 | €25,999 | €58,328 | +€32,329 | +124% |
| Stocks and contracts in progress | 3 | €8,150 | €9,650 | +€1,500 | +18.4% |
| Stocks | 30/36 | €8,150 | €9,650 | +€1,500 | +18.4% |
| Amounts receivable within one year | 40/41 | €11,011 | €22,006 | +€10,995 | +99.9% |
| Trade receivables | 40 | €5,464 | €13,099 | +€7,635 | +140% |
| Other amounts receivable | 41 | €5,547 | €8,907 | +€3,360 | +60.6% |
| Cash at bank and in hand | 54/58 | €6,837 | €23,941 | +€17,104 | +250% |
| Deferred charges and accrued income | 490/1 | - | €2,731 | +€2,731 | |
| Total equity and liabilities | 10/49 | €35,951 | €110,871 | +€74,920 | +208% |
| Equity | 10/15 | €17,948 | €28,449 | +€10,501 | +58.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,948 | €25,449 | +€10,501 | +70.3% |
| Distributable reserves | 133 | €14,948 | €25,449 | +€10,501 | +70.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,003 | €82,422 | +€64,419 | +358% |
| Amounts payable after more than one year | 17 | - | €26,608 | +€26,608 | |
| Financial debts | 170/4 | - | €26,608 | +€26,608 | |
| Amounts payable within one year | 42/48 | €18,003 | €55,814 | +€37,811 | +210% |
| Current portion of amounts payable after more than one year | 42 | €3,649 | €9,506 | +€5,857 | +161% |
| Trade debts | 44 | €9,595 | €11,776 | +€2,182 | +22.7% |
| Suppliers | 440/4 | €9,595 | €11,776 | +€2,182 | +22.7% |
| Taxes, remuneration and social security | 45 | €3,042 | €10,869 | +€7,827 | +257% |
| Taxes | 450/3 | €3,042 | €5,423 | +€2,382 | +78.3% |
| Remuneration and social security | 454/9 | - | €5,446 | +€5,446 | |
| Other amounts payable | 47/48 | €1,718 | €23,663 | +€21,945 | +1,277% |
| Remuneration, social security and pensions | 62 | €673 | €24,258 | +€23,584 | +3,503% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,655 | €8,452 | +€4,797 | +131% |
| Other operating charges | 640/8 | €1,147 | €2,618 | +€1,471 | +128% |
| Gross operating margin | 9900 | €27,822 | €50,006 | +€22,185 | +79.7% |
| Operating profit (loss) | 9901 | €22,347 | €14,679 | -€7,667 | -34.3% |
| Financial income | 75/76B | €169 | €31 | -€138 | -81.9% |
| Recurring financial income | 75 | €169 | €31 | -€138 | -81.9% |
| Financial charges | 65/66B | €175 | €782 | +€608 | +348% |
| Recurring financial charges | 65 | €175 | €782 | +€608 | +348% |
| Profit (loss) for the period before taxes | 9903 | €22,341 | €13,928 | -€8,413 | -37.7% |
| Income taxes | 67/77 | €5,675 | €3,427 | -€2,248 | -39.6% |
| Profit (loss) for the period | 9904 | €16,666 | €10,501 | -€6,165 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,666 | €10,501 | -€6,165 | -37.0% |
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.