LUPULUS CHEESE FACTORY: 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.
LUPULUS CHEESE FACTORY
Largest movements
- Cash +€4,681
up €4,681 (+34.5%), from €13,551 to €18,232
mainly Depreciation (+€4,047) and Net result for the year (+€4,040)
- Tangible fixed assets -€4,047
down €4,047 (-19.7%), from €20,545 to €16,498
of which Plant, machinery and equipment: -€3,922
- Receivables within one year -€2,626
down €2,626 (-55.7%), from €4,713 to €2,087
of which Trade receivables: -€2,547
- Stocks and contracts +€1,845
up €1,845 (+28.3%), from €6,532 to €8,378
- Trade debts -€5,238
down €5,238 (-87.2%), from €6,008 to €770
- Profit (loss) carried forward +€4,040
up €4,040, from -€667 to €3,373
- Tax, wage and social debts +€1,228
up €1,228, from €0 to €1,228
- Turnover -€4,160
down €4,160 (-13.5%), from €30,780 to €26,620
- Purchases and services -€3,089
down €3,089 (-15.8%), from €19,544 to €16,455
- Taxes +€1,228
new in 2025: €1,228
- Gross operating margin -€1,071
down €1,071 (-9.5%), from €11,236 to €10,165
- Depreciation +€364
up €364 (+9.9%), from €3,683 to €4,047
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 | €45,341 | €45,371 | +€30 | +0.1% |
| Fixed assets | 21/28 | €20,545 | €16,498 | -€4,047 | -19.7% |
| Tangible fixed assets | 22/27 | €20,545 | €16,498 | -€4,047 | -19.7% |
| Plant, machinery and equipment | 23 | €20,174 | €16,252 | -€3,922 | -19.4% |
| Furniture and vehicles | 24 | €371 | €246 | -€125 | -33.7% |
| Current assets | 29/58 | €24,796 | €28,873 | +€4,077 | +16.4% |
| Stocks and contracts in progress | 3 | €6,532 | €8,378 | +€1,845 | +28.3% |
| Stocks | 30/36 | €6,532 | €8,378 | +€1,845 | +28.3% |
| Amounts receivable within one year | 40/41 | €4,713 | €2,087 | -€2,626 | -55.7% |
| Trade receivables | 40 | €4,290 | €1,742 | -€2,547 | -59.4% |
| Other amounts receivable | 41 | €423 | €345 | -€78 | -18.5% |
| Cash at bank and in hand | 54/58 | €13,551 | €18,232 | +€4,681 | +34.5% |
| Deferred charges and accrued income | 490/1 | - | €176 | +€176 | |
| Total equity and liabilities | 10/49 | €45,341 | €45,371 | +€30 | +0.1% |
| Equity | 10/15 | €39,333 | €43,373 | +€4,040 | +10.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€667 | €3,373 | +€4,040 | |
| Amounts payable | 17/49 | €6,008 | €1,998 | -€4,010 | -66.7% |
| Amounts payable within one year | 42/48 | €6,008 | €1,998 | -€4,010 | -66.7% |
| Trade debts | 44 | €6,008 | €770 | -€5,238 | -87.2% |
| Suppliers | 440/4 | €6,008 | €770 | -€5,238 | -87.2% |
| Taxes, remuneration and social security | 45 | €0 | €1,228 | +€1,228 | |
| Taxes | 450/3 | €0 | €1,228 | +€1,228 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €30,780 | €26,620 | -€4,160 | -13.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,544 | €16,455 | -€3,089 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €4,047 | +€364 | +9.9% |
| Other operating charges | 640/8 | €670 | €826 | +€156 | +23.3% |
| Gross operating margin | 9900 | €11,236 | €10,165 | -€1,071 | -9.5% |
| Operating profit (loss) | 9901 | €6,884 | €5,292 | -€1,592 | -23.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.6% |
| Financial charges | 65/66B | €24 | €24 | +€0 | +1.4% |
| Recurring financial charges | 65 | €24 | €24 | +€0 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €6,863 | €5,268 | -€1,595 | -23.2% |
| Income taxes | 67/77 | - | €1,228 | +€1,228 | |
| Profit (loss) for the period | 9904 | €6,863 | €4,040 | -€2,823 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,863 | €4,040 | -€2,823 | -41.1% |
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 30 October 2026 via checked.be.