Tupai: 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.
Tupai
Largest movements
- Cash -€219,870
down €219,870 (-52.3%), from €420,109 to €200,239
mainly Other debts (-€100,414) and Contributions, distributions and other (-€70,000)
- Receivables within one year +€58,059
up €58,059 (+492%), from €11,800 to €69,859
of which Trade receivables: +€58,185
- Stocks and contracts +€41,952
new in 2025: €41,952
- Tangible fixed assets -€27,291
down €27,291 (-13.3%), from €205,280 to €177,988
of which Land and buildings: -€26,920
- Other debts -€100,414
down €100,414 (-99.9%), from €100,477 to €63
- Reserves -€26,440
down €26,440 (-11.7%), from €225,300 to €198,860
of which Distributable reserves: -€23,440
- Tax, wage and social debts -€19,014
down €19,014 (-79.3%), from €23,974 to €4,959
- Gross operating margin +€41,371
up €41,371 (+77.9%), from €53,108 to €94,479
- Taxes +€14,945
up €14,945 (+343%), from €4,359 to €19,304
- Financial income +€2,623
new in 2025: €2,623
- Financial charges -€1,754
down €1,754 (-83.2%), from €2,109 to €355
- Other operating charges -€1,315
down €1,315 (-19.6%), from €6,709 to €5,393
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 | €638,173 | €497,009 | -€141,164 | -22.1% |
| Fixed assets | 21/28 | €205,280 | €177,988 | -€27,291 | -13.3% |
| Tangible fixed assets | 22/27 | €205,280 | €177,988 | -€27,291 | -13.3% |
| Land and buildings | 22 | €192,274 | €165,355 | -€26,920 | -14.0% |
| Plant, machinery and equipment | 23 | €13,005 | €11,635 | -€1,370 | -10.5% |
| Furniture and vehicles | 24 | - | €999 | +€999 | |
| Current assets | 29/58 | €432,894 | €319,021 | -€113,873 | -26.3% |
| Stocks and contracts in progress | 3 | - | €41,952 | +€41,952 | |
| Stocks | 30/36 | - | €41,952 | +€41,952 | |
| Amounts receivable within one year | 40/41 | €11,800 | €69,859 | +€58,059 | +492% |
| Trade receivables | 40 | - | €58,185 | +€58,185 | |
| Other amounts receivable | 41 | €11,800 | €11,674 | -€126 | -1.1% |
| Cash at bank and in hand | 54/58 | €420,109 | €200,239 | -€219,870 | -52.3% |
| Deferred charges and accrued income | 490/1 | €985 | €6,971 | +€5,986 | +608% |
| Total equity and liabilities | 10/49 | €638,173 | €497,009 | -€141,164 | -22.1% |
| Equity | 10/15 | €513,278 | €486,838 | -€26,440 | -5.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €225,300 | €198,860 | -€26,440 | -11.7% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €222,300 | €198,860 | -€23,440 | -10.5% |
| Profit (loss) carried forward | 14 | €85,478 | €85,478 | = | 0.0% |
| Amounts payable | 17/49 | €124,895 | €10,171 | -€114,724 | -91.9% |
| Amounts payable within one year | 42/48 | €124,468 | €6,395 | -€118,073 | -94.9% |
| Trade debts | 44 | €17 | €1,373 | +€1,356 | +7,890% |
| Suppliers | 440/4 | €17 | €1,373 | +€1,356 | +7,890% |
| Taxes, remuneration and social security | 45 | €23,974 | €4,959 | -€19,014 | -79.3% |
| Taxes | 450/3 | €23,974 | €4,959 | -€19,014 | -79.3% |
| Other amounts payable | 47/48 | €100,477 | €63 | -€100,414 | -99.9% |
| Accrued charges and deferred income | 492/3 | €428 | €3,776 | +€3,349 | +783% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,291 | €28,490 | +€199 | +0.7% |
| Other operating charges | 640/8 | €6,709 | €5,393 | -€1,315 | -19.6% |
| Gross operating margin | 9900 | €53,108 | €94,479 | +€41,371 | +77.9% |
| Operating profit (loss) | 9901 | €18,109 | €60,596 | +€42,487 | +235% |
| Financial income | 75/76B | - | €2,623 | +€2,623 | |
| Recurring financial income | 75 | - | €2,623 | +€2,623 | |
| Financial charges | 65/66B | €2,109 | €355 | -€1,754 | -83.2% |
| Recurring financial charges | 65 | €2,109 | €355 | -€1,754 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | €16,000 | €62,864 | +€46,864 | +293% |
| Income taxes | 67/77 | €4,359 | €19,304 | +€14,945 | +343% |
| Profit (loss) for the period | 9904 | €11,641 | €43,560 | +€31,919 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €11,641 | €43,560 | +€31,919 | +274% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.