Couplet Holding: 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.
Couplet Holding
Largest movements
- Financial fixed assets +€23.3m
up €23.3m (+427%), from €5.5m to €28.8m
- Current investments +€5.1m
up €5.1m (+70.3%), from €7.2m to €12.3m
- Contributions +€19.6m
up €19.6m (+511%), from €3.8m to €23.4m
- Reserves +€8.8m
up €8.8m (+99.5%), from €8.8m to €17.6m
of which Non-distributable reserves: +€8.2m
- Financial income +€8.7m
up €8.7m (+1,505%), from €576,077 to €9.2m
- Taxes +€486,157
up €486,157 (+712%), from €68,291 to €554,448
- Financial charges -€422,416
down €422,416, from €286,758 to -€135,658
- Gross operating margin -€22,314
down €22,314 (-280%), from -€7,978 to -€30,291
- Other operating charges -€3,074
down €3,074 (-25.2%), from €12,217 to €9,143
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 | €12,668,512 | €41,041,118 | +€28.4m | +224% |
| Fixed assets | 21/28 | €5,464,618 | €28,774,645 | +€23.3m | +427% |
| Financial fixed assets | 28 | €5,464,618 | €28,774,645 | +€23.3m | +427% |
| Current assets | 29/58 | €7,203,894 | €12,266,473 | +€5.1m | +70.3% |
| Amounts receivable within one year | 40/41 | €8,835 | - | -€8,835 | |
| Other amounts receivable | 41 | €8,835 | - | -€8,835 | |
| Current investments | 50/53 | €7,193,502 | €12,253,483 | +€5.1m | +70.3% |
| Cash at bank and in hand | 54/58 | €1,557 | €12,991 | +€11,434 | +734% |
| Total equity and liabilities | 10/49 | €12,668,512 | €41,041,118 | +€28.4m | +224% |
| Equity | 10/15 | €12,660,458 | €41,032,264 | +€28.4m | +224% |
| Contributions | 10/11 | €3,830,400 | €23,411,911 | +€19.6m | +511% |
| Capital | 10 | €3,830,400 | €23,411,911 | +€19.6m | +511% |
| Issued capital | 100 | €3,830,400 | €23,411,911 | +€19.6m | +511% |
| Reserves | 13 | €8,830,058 | €17,620,353 | +€8.8m | +99.5% |
| Non-distributable reserves | 130/1 | €546,382 | €8,731,798 | +€8.2m | +1,498% |
| Legal reserve | 130 | €383,040 | €383,040 | = | 0.0% |
| Own shares acquired | 1312 | €163,342 | €8,348,758 | +€8.2m | +5,011% |
| Distributable reserves | 133 | €8,283,676 | €8,888,555 | +€604,879 | +7.3% |
| Amounts payable | 17/49 | €8,054 | €8,854 | +€800 | +9.9% |
| Amounts payable within one year | 42/48 | €8,054 | €8,854 | +€800 | +9.9% |
| Trade debts | 44 | €968 | €8,416 | +€7,448 | +770% |
| Suppliers | 440/4 | €968 | €8,416 | +€7,448 | +770% |
| Taxes, remuneration and social security | 45 | €7,086 | €438 | -€6,648 | -93.8% |
| Taxes | 450/3 | €7,086 | €438 | -€6,648 | -93.8% |
| Other operating charges | 640/8 | €12,217 | €9,143 | -€3,074 | -25.2% |
| Gross operating margin | 9900 | -€7,978 | -€30,291 | -€22,314 | -280% |
| Operating profit (loss) | 9901 | -€20,195 | -€39,434 | -€19,239 | -95.3% |
| Financial income | 75/76B | €576,077 | €9,248,518 | +€8.7m | +1,505% |
| Recurring financial income | 75 | €576,077 | €9,248,518 | +€8.7m | +1,505% |
| Financial charges | 65/66B | €286,758 | -€135,658 | -€422,416 | |
| Recurring financial charges | 65 | €286,758 | -€135,658 | -€422,416 | |
| Profit (loss) for the period before taxes | 9903 | €269,124 | €9,344,743 | +€9.1m | +3,372% |
| Income taxes | 67/77 | €68,291 | €554,448 | +€486,157 | +712% |
| Profit (loss) for the period | 9904 | €200,833 | €8,790,295 | +€8.6m | +4,277% |
| Profit (loss) for the period to be appropriated | 9905 | €200,833 | €8,790,295 | +€8.6m | +4,277% |
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 28 October 2026 via checked.be.