A.E.W. CUPPENS MICHAEL: what changed
A.E.W. CUPPENS MICHAEL
Largest movements
- Receivables within one year +€13,957
up €13,957 (+98.1%), from €14,222 to €28,179
of which Other amounts receivable: +€17,179
- Cash -€2,382
down €2,382 (-82.3%), from €2,893 to €511
mainly Receivables within one year (-€13,957) and Tax, wage and social debts (-€278)
- Trade debts +€7,185
up €7,185 (+904%), from €795 to €7,980
- Profit (loss) carried forward +€4,689
up €4,689 (+76.4%), from €6,138 to €10,826
- Gross operating margin -€2,873
down €2,873 (-28.8%), from €9,966 to €7,092
- Other operating charges -€911
down €911 (-65.8%), from €1,385 to €474
- Taxes -€278
down €278 (-11.5%), from €2,414 to €2,136
- Financial income +€267
up €267 (+368%), from €72 to €339
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,537 | €29,337 | +€11,801 | +67.3% |
| Current assets | 29/58 | €17,537 | €29,337 | +€11,801 | +67.3% |
| Amounts receivable within one year | 40/41 | €14,222 | €28,179 | +€13,957 | +98.1% |
| Trade receivables | 40 | €10,503 | €7,281 | -€3,223 | -30.7% |
| Other amounts receivable | 41 | €3,719 | €20,898 | +€17,179 | +462% |
| Cash at bank and in hand | 54/58 | €2,893 | €511 | -€2,382 | -82.3% |
| Deferred charges and accrued income | 490/1 | €422 | €647 | +€225 | +53.4% |
| Total equity and liabilities | 10/49 | €17,537 | €29,337 | +€11,801 | +67.3% |
| Equity | 10/15 | €14,138 | €18,826 | +€4,689 | +33.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,138 | €10,826 | +€4,689 | +76.4% |
| Amounts payable | 17/49 | €3,399 | €10,511 | +€7,112 | +209% |
| Amounts payable within one year | 42/48 | €3,399 | €10,511 | +€7,112 | +209% |
| Financial debts | 43 | - | €205 | +€205 | |
| Credit institutions | 430/8 | - | €205 | +€205 | |
| Trade debts | 44 | €795 | €7,980 | +€7,185 | +904% |
| Suppliers | 440/4 | €795 | €7,980 | +€7,185 | +904% |
| Taxes, remuneration and social security | 45 | €2,604 | €2,326 | -€278 | -10.7% |
| Taxes | 450/3 | €2,604 | €2,326 | -€278 | -10.7% |
| Other operating charges | 640/8 | €1,385 | €474 | -€911 | -65.8% |
| Gross operating margin | 9900 | €9,966 | €7,092 | -€2,873 | -28.8% |
| Operating profit (loss) | 9901 | €8,581 | €6,618 | -€1,963 | -22.9% |
| Financial income | 75/76B | €72 | €339 | +€267 | +368% |
| Recurring financial income | 75 | €72 | €339 | +€267 | +368% |
| Financial charges | 65/66B | €101 | €133 | +€31 | +30.7% |
| Recurring financial charges | 65 | €101 | €133 | +€31 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €8,552 | €6,825 | -€1,727 | -20.2% |
| Income taxes | 67/77 | €2,414 | €2,136 | -€278 | -11.5% |
| Profit (loss) for the period | 9904 | €6,138 | €4,689 | -€1,449 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,138 | €4,689 | -€1,449 | -23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.