COUPE OPSLAG: 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.
COUPE OPSLAG
Largest movements
- Tangible fixed assets -€96,421
down €96,421 (-2.5%), from €3.8m to €3.7m
of which Land and buildings: -€72,413
- Cash +€86,432
up €86,432 (+13.8%), from €625,579 to €712,011
mainly Net result for the year (+€251,492) and Depreciation (+€149,908)
- Receivables within one year +€62,195
up €62,195 (+63.5%), from €97,896 to €160,091
of which Trade receivables: +€66,785
- Other debts +€66,426
up €66,426 (+36.5%), from €181,803 to €248,229
- Gross operating margin -€154,998
down €154,998 (-19.8%), from €780,926 to €625,928
- Taxes -€31,634
down €31,634 (-21.3%), from €148,756 to €117,122
- Write-downs -€29,209
down €29,209, from €0 to -€29,209
- Staff costs -€23,805
down €23,805 (-21.5%), from €110,586 to €86,780
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 | €4,917,659 | €4,978,953 | +€61,294 | +1.2% |
| Fixed assets | 21/28 | €3,810,372 | €3,713,952 | -€96,421 | -2.5% |
| Tangible fixed assets | 22/27 | €3,810,372 | €3,713,952 | -€96,421 | -2.5% |
| Land and buildings | 22 | €3,645,023 | €3,572,610 | -€72,413 | -2.0% |
| Plant, machinery and equipment | 23 | €116,129 | €112,145 | -€3,985 | -3.4% |
| Furniture and vehicles | 24 | €49,220 | €29,197 | -€20,023 | -40.7% |
| Current assets | 29/58 | €1,107,287 | €1,265,002 | +€157,715 | +14.2% |
| Amounts receivable within one year | 40/41 | €97,896 | €160,091 | +€62,195 | +63.5% |
| Trade receivables | 40 | €93,306 | €160,091 | +€66,785 | +71.6% |
| Other amounts receivable | 41 | €4,590 | €0 | -€4,590 | -100% |
| Current investments | 50/53 | €380,900 | €392,900 | +€12,000 | +3.2% |
| Cash at bank and in hand | 54/58 | €625,579 | €712,011 | +€86,432 | +13.8% |
| Deferred charges and accrued income | 490/1 | €2,911 | €0 | -€2,911 | -100% |
| Total equity and liabilities | 10/49 | €4,917,659 | €4,978,953 | +€61,294 | +1.2% |
| Equity | 10/15 | €4,664,058 | €4,667,611 | +€3,553 | +0.1% |
| Contributions | 10/11 | €2,867,000 | €2,867,000 | = | 0.0% |
| Capital | 10 | €2,867,000 | €2,867,000 | = | 0.0% |
| Issued capital | 100 | €2,867,000 | €2,867,000 | = | 0.0% |
| Reserves | 13 | €1,797,058 | €1,800,611 | +€3,553 | +0.2% |
| Non-distributable reserves | 130/1 | €128,995 | €141,570 | +€12,575 | +9.7% |
| Legal reserve | 130 | €128,995 | €141,570 | +€12,575 | +9.7% |
| Distributable reserves | 133 | €1,668,063 | €1,659,041 | -€9,021 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €253,601 | €311,342 | +€57,741 | +22.8% |
| Amounts payable within one year | 42/48 | €253,601 | €311,342 | +€57,741 | +22.8% |
| Trade debts | 44 | €7,034 | €4,128 | -€2,907 | -41.3% |
| Suppliers | 440/4 | €7,034 | €4,128 | -€2,907 | -41.3% |
| Taxes, remuneration and social security | 45 | €64,764 | €58,985 | -€5,778 | -8.9% |
| Taxes | 450/3 | €53,551 | €50,948 | -€2,603 | -4.9% |
| Remuneration and social security | 454/9 | €11,213 | €8,037 | -€3,176 | -28.3% |
| Other amounts payable | 47/48 | €181,803 | €248,229 | +€66,426 | +36.5% |
| Non-recurring operating income | 76A | €5,480 | €8,229 | +€2,749 | +50.2% |
| Remuneration, social security and pensions | 62 | €110,586 | €86,780 | -€23,805 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,356 | €149,908 | -€5,448 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€29,209 | -€29,209 | |
| Other operating charges | 640/8 | €55,409 | €61,612 | +€6,203 | +11.2% |
| Gross operating margin | 9900 | €780,926 | €625,928 | -€154,998 | -19.8% |
| Operating profit (loss) | 9901 | €459,575 | €356,835 | -€102,740 | -22.4% |
| Financial income | 75/76B | €12,439 | €11,887 | -€552 | -4.4% |
| Recurring financial income | 75 | €12,439 | €11,887 | -€552 | -4.4% |
| Financial charges | 65/66B | €107 | €109 | +€1 | +1.3% |
| Recurring financial charges | 65 | €107 | €109 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €471,907 | €368,614 | -€103,293 | -21.9% |
| Income taxes | 67/77 | €148,756 | €117,122 | -€31,634 | -21.3% |
| Profit (loss) for the period | 9904 | €323,151 | €251,492 | -€71,659 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €323,151 | €251,492 | -€71,659 | -22.2% |
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 14 October 2026 via checked.be.