LUPTON: 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.
LUPTON
Largest movements
- Receivables within one year -€159,626
down €159,626 (-62.8%), from €254,219 to €94,593
of which Other amounts receivable: -€147,638
- Financial fixed assets -€92,377
down €92,377 (-67.3%), from €137,307 to €44,930
- Cash -€13,828
down €13,828 (-5.0%), from €279,341 to €265,513
mainly Contributions, distributions and other (-€344,000) and Receivables after one year (-€10,000)
- Profit (loss) carried forward -€300,000
down €300,000 (-84.8%), from €353,628 to €53,628
- Reserves +€46,012
up €46,012 (+8.6%), from €535,290 to €581,302
- Financial income +€9,674
up €9,674 (+57.4%), from €16,844 to €26,518
- Depreciation -€5,129
down €5,129 (-26.6%), from €19,311 to €14,182
- Gross operating margin -€3,438
down €3,438 (-3.5%), from €98,786 to €95,348
- Provisions +€1,945
up €1,945 (+47.2%), from -€4,124 to -€2,179
- Other operating charges -€1,101
down €1,101 (-48.0%), from €2,295 to €1,194
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 | €1,102,858 | €847,920 | -€254,938 | -23.1% |
| Fixed assets | 21/28 | €213,512 | €121,846 | -€91,666 | -42.9% |
| Tangible fixed assets | 22/27 | €76,205 | €76,916 | +€711 | +0.9% |
| Furniture and vehicles | 24 | €72,572 | €73,838 | +€1,266 | +1.7% |
| Other tangible fixed assets | 26 | €3,633 | €3,078 | -€555 | -15.3% |
| Financial fixed assets | 28 | €137,307 | €44,930 | -€92,377 | -67.3% |
| Current assets | 29/58 | €889,346 | €726,074 | -€163,272 | -18.4% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Trade receivables | 290 | - | €10,000 | +€10,000 | |
| Stocks and contracts in progress | 3 | €35,000 | €33,000 | -€2,000 | -5.7% |
| Stocks | 30/36 | €35,000 | €33,000 | -€2,000 | -5.7% |
| Amounts receivable within one year | 40/41 | €254,219 | €94,593 | -€159,626 | -62.8% |
| Trade receivables | 40 | €15,835 | €3,847 | -€11,988 | -75.7% |
| Other amounts receivable | 41 | €238,384 | €90,746 | -€147,638 | -61.9% |
| Cash at bank and in hand | 54/58 | €279,341 | €265,513 | -€13,828 | -5.0% |
| Deferred charges and accrued income | 490/1 | €320,786 | €322,968 | +€2,182 | +0.7% |
| Total equity and liabilities | 10/49 | €1,102,858 | €847,920 | -€254,938 | -23.1% |
| Equity | 10/15 | €1,006,918 | €752,930 | -€253,988 | -25.2% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Reserves | 13 | €535,290 | €581,302 | +€46,012 | +8.6% |
| Distributable reserves | 133 | €535,290 | €581,302 | +€46,012 | +8.6% |
| Profit (loss) carried forward | 14 | €353,628 | €53,628 | -€300,000 | -84.8% |
| Provisions and deferred taxes | 16 | €79,373 | €77,194 | -€2,179 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €79,373 | €77,194 | -€2,179 | -2.7% |
| Pensions and similar obligations | 160 | €79,373 | €77,194 | -€2,179 | -2.7% |
| Amounts payable | 17/49 | €16,567 | €17,796 | +€1,229 | +7.4% |
| Amounts payable within one year | 42/48 | €16,567 | €17,796 | +€1,229 | +7.4% |
| Trade debts | 44 | €2,003 | €955 | -€1,048 | -52.3% |
| Suppliers | 440/4 | €2,003 | €955 | -€1,048 | -52.3% |
| Taxes, remuneration and social security | 45 | €14,564 | €13,981 | -€583 | -4.0% |
| Taxes | 450/3 | €14,564 | €13,981 | -€583 | -4.0% |
| Other amounts payable | 47/48 | - | €2,860 | +€2,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,311 | €14,182 | -€5,129 | -26.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,124 | -€2,179 | +€1,945 | +47.2% |
| Other operating charges | 640/8 | €2,295 | €1,194 | -€1,101 | -48.0% |
| Gross operating margin | 9900 | €98,786 | €95,348 | -€3,438 | -3.5% |
| Operating profit (loss) | 9901 | €81,304 | €82,151 | +€847 | +1.0% |
| Financial income | 75/76B | €16,844 | €26,518 | +€9,674 | +57.4% |
| Recurring financial income | 75 | €16,844 | €26,518 | +€9,674 | +57.4% |
| Financial charges | 65/66B | €9,774 | €9,656 | -€118 | -1.2% |
| Recurring financial charges | 65 | €9,774 | €9,656 | -€118 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €88,374 | €99,013 | +€10,639 | +12.0% |
| Income taxes | 67/77 | €8,882 | €9,001 | +€119 | +1.3% |
| Profit (loss) for the period | 9904 | €79,492 | €90,012 | +€10,520 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,492 | €90,012 | +€10,520 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.