COUPLET SUGARS: 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.
What changed
COUPLET SUGARS
NACE 10.810, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €1.8m+€973,234
Equity
€27.3m
2024 · €31.6m-€4.3m
Cash
€3.8m
2024 · €3.3m+€477,870
Balance sheet total
€33.6m
2024 · €37.6m-€4.0m
Largest movements
Assets
- Current investments -€3.3m
down €3.3m (-30.1%), from €11.1m to €7.7m
- Tangible fixed assets -€995,645
down €995,645 (-6.3%), from €15.7m to €14.7m
of which Land and buildings: -€692,738
- Cash +€477,870
up €477,870 (+14.6%), from €3.3m to €3.8m
mainly Current investments (+€3.3m) and Net result for the year (+€2.8m)
Equity and liabilities
- Reserves -€6.6m
down €6.6m (-28.6%), from €23.0m to €16.4m
of which Distributable reserves: -€6.6m
- Profit (loss) carried forward +€1.9m
up €1.9m (+34.7%), from €5.5m to €7.4m
Income statement
- Goods and materials -€6.3m
down €6.3m (-21.2%), from €29.9m to €23.6m
of which Purchases: -€6.2m
- Turnover -€6.1m
down €6.1m (-13.4%), from €45.7m to €39.6m
- Financial income +€1.4m
up €1.4m (+110%), from €1.3m to €2.7m
- Services and other goods +€666,932
up €666,932 (+11.4%), from €5.9m to €6.5m
- Taxes +€479,464
up €479,464 (+173%), from €276,952 to €756,416
of which Taxes: +€498,973
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.
Result 2024
€1.8m
Turnover
-€6.1m
Other operating income
+€23,086
Goods and materials
+€6.3m
Services and other goods
-€666,932
Staff costs
+€81,962
Depreciation
+€219,277
Write-downs
+€7,147
Provisions
+€5,210
Other operating charges
-€24,637
Other operating items
+€275,797
Financial income
+€1.4m
Financial charges
-€82,106
Taxes
-€479,464
Result 2025
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.9m
Investment
+€1.7m
Financing
-€7.1m
Cash 2024
€3.3m
From operations (derived)
+€5.9m
Net result for the year
+€2.8m
Depreciation
+€2.6m
Stocks and contracts
+€82,609
Receivables within one year
-€135,723
Deferred charges and accrued income
+€234,612
Provisions
-€33,375
Trade debts
-€64,999
Tax, wage and social debts
+€302,116
Advances received
-€50,656
Other debts
+€120,083
Accrued charges and deferred income
+€30,053
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€1.6m
Current investments
+€3.3m
Financing
-€7.1m
Contributions, distributions and other
-€7.1m
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,592,743 | €33,569,051 | -€4.0m | -10.7% |
| Fixed assets | 21/28 | €15,719,701 | €14,723,933 | -€995,769 | -6.3% |
| Tangible fixed assets | 22/27 | €15,715,675 | €14,720,030 | -€995,645 | -6.3% |
| Land and buildings | 22 | €6,894,389 | €6,201,652 | -€692,738 | -10.0% |
| Plant, machinery and equipment | 23 | €7,196,201 | €6,835,429 | -€360,772 | -5.0% |
| Furniture and vehicles | 24 | €1,625,085 | €1,682,950 | +€57,865 | +3.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €4,026 | €3,902 | -€124 | -3.1% |
| Affiliated companies | 280/1 | - | €602 | +€602 | |
| Participating interests | 280 | - | €602 | +€602 | |
| Participating interests | 282 | €0 | - | = | |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €4,026 | €3,300 | -€726 | -18.0% |
| Shares | 284 | €602 | - | -€602 | |
| Amounts receivable and cash guarantees | 285/8 | €3,424 | €3,300 | -€124 | -3.6% |
| Current assets | 29/58 | €21,873,041 | €18,845,119 | -€3.0m | -13.8% |
| Stocks and contracts in progress | 3 | €3,098,277 | €3,015,668 | -€82,609 | -2.7% |
| Stocks | 30/36 | €3,098,277 | €3,015,668 | -€82,609 | -2.7% |
| Raw materials and consumables | 30/31 | €1,221,051 | €1,148,037 | -€73,013 | -6.0% |
| Finished goods | 33 | €1,750,256 | €1,746,718 | -€3,538 | -0.2% |
| Goods purchased for resale | 34 | €126,970 | €120,912 | -€6,058 | -4.8% |
| Amounts receivable within one year | 40/41 | €3,993,180 | €4,128,903 | +€135,723 | +3.4% |
| Trade receivables | 40 | €3,559,644 | €3,758,393 | +€198,749 | +5.6% |
| Other amounts receivable | 41 | €433,535 | €370,510 | -€63,026 | -14.5% |
| Current investments | 50/53 | €11,060,595 | €7,736,301 | -€3.3m | -30.1% |
| Other investments | 51/53 | €11,060,595 | €7,736,301 | -€3.3m | -30.1% |
| Cash at bank and in hand | 54/58 | €3,276,780 | €3,754,650 | +€477,870 | +14.6% |
| Deferred charges and accrued income | 490/1 | €444,209 | €209,597 | -€234,612 | -52.8% |
| Total equity and liabilities | 10/49 | €37,592,743 | €33,569,051 | -€4.0m | -10.7% |
| Equity | 10/15 | €31,614,608 | €27,287,696 | -€4.3m | -13.7% |
| Contributions | 10/11 | €1,907,521 | €1,907,521 | -€0 | 0.0% |
| Capital | 10 | €1,907,521 | €1,907,521 | -€0 | 0.0% |
| Issued capital | 100 | €1,907,521 | €1,907,521 | -€0 | 0.0% |
| Revaluation surpluses | 12 | €13,757 | €13,757 | = | 0.0% |
| Reserves | 13 | €22,993,892 | €16,408,945 | -€6.6m | -28.6% |
| Non-distributable reserves | 130/1 | €523,312 | €523,312 | = | 0.0% |
| Legal reserve | 130 | €434,493 | €434,493 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €88,819 | +€88,819 | |
| Other | 1319 | €88,819 | - | -€88,819 | |
| Tax-exempt reserves | 132 | €2,111,296 | €2,101,171 | -€10,125 | -0.5% |
| Distributable reserves | 133 | €20,359,283 | €13,784,461 | -€6.6m | -32.3% |
| Profit (loss) carried forward | 14 | €5,489,126 | €7,391,247 | +€1.9m | +34.7% |
| Investment grants | 15 | €1,210,311 | €1,566,226 | +€355,915 | +29.4% |
| Provisions and deferred taxes | 16 | €318,705 | €285,330 | -€33,375 | -10.5% |
| Provisions for liabilities and charges | 160/5 | €274,389 | €244,389 | -€30,000 | -10.9% |
| Major repairs and maintenance | 162 | €274,389 | €244,389 | -€30,000 | -10.9% |
| Deferred taxes | 168 | €44,317 | €40,942 | -€3,375 | -7.6% |
| Amounts payable | 17/49 | €5,659,430 | €5,996,025 | +€336,596 | +5.9% |
| Amounts payable within one year | 42/48 | €5,530,564 | €5,837,107 | +€306,543 | +5.5% |
| Trade debts | 44 | €3,212,354 | €3,147,354 | -€64,999 | -2.0% |
| Suppliers | 440/4 | €3,212,354 | €3,147,354 | -€64,999 | -2.0% |
| Advances received on contracts in progress | 46 | €114,697 | €64,041 | -€50,656 | -44.2% |
| Taxes, remuneration and social security | 45 | €1,370,471 | €1,672,587 | +€302,116 | +22.0% |
| Taxes | 450/3 | €204,749 | €582,586 | +€377,837 | +185% |
| Remuneration and social security | 454/9 | €1,165,722 | €1,090,001 | -€75,721 | -6.5% |
| Other amounts payable | 47/48 | €833,043 | €953,126 | +€120,083 | +14.4% |
| Accrued charges and deferred income | 492/3 | €128,865 | €158,918 | +€30,053 | +23.3% |
| Operating income | 70/76A | €46,088,253 | €40,259,663 | -€5.8m | -12.6% |
| Turnover | 70 | €45,707,819 | €39,580,346 | -€6.1m | -13.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€215,579 | -€3,538 | +€212,041 | +98.4% |
| Own construction capitalised | 72 | €243,907 | €307,663 | +€63,756 | +26.1% |
| Other operating income | 74 | €352,107 | €375,192 | +€23,086 | +6.6% |
| Operating charges | 60/66A | €45,144,163 | €39,180,583 | -€6.0m | -13.2% |
| Goods for resale, raw materials and consumables | 60 | €29,926,400 | €23,584,847 | -€6.3m | -21.2% |
| Purchases | 600/8 | €29,744,271 | €23,505,775 | -€6.2m | -21.0% |
| Change in stocks: decrease (increase) | 609 | €182,129 | €79,072 | -€103,057 | -56.6% |
| Services and other goods | 61 | €5,850,356 | €6,517,288 | +€666,932 | +11.4% |
| Remuneration, social security and pensions | 62 | €6,400,717 | €6,318,755 | -€81,962 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,809,641 | €2,590,364 | -€219,277 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,147 | -€7,147 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,790 | -€30,000 | -€5,210 | -21.0% |
| Other operating charges | 640/8 | €181,839 | €206,476 | +€24,637 | +13.5% |
| Operating profit (loss) | 9901 | €944,090 | €1,079,080 | +€134,990 | +14.3% |
| Financial income | 75/76B | €1,271,172 | €2,670,986 | +€1.4m | +110% |
| Recurring financial income | 75 | €1,271,172 | €2,670,986 | +€1.4m | +110% |
| Income from financial fixed assets | 750 | €101,124 | €157,010 | +€55,886 | +55.3% |
| Other financial income | 752/9 | €1,170,048 | €2,513,976 | +€1.3m | +115% |
| Financial charges | 65/66B | €110,694 | €192,800 | +€82,106 | +74.2% |
| Recurring financial charges | 65 | €109,651 | €188,914 | +€79,263 | +72.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€3,694 | €23,877 | +€27,571 | |
| Other financial charges | 652/9 | €113,344 | €165,037 | +€51,693 | +45.6% |
| Non-recurring financial charges | 66B | €1,044 | €3,886 | +€2,842 | +272% |
| Profit (loss) for the period before taxes | 9903 | €2,104,568 | €3,557,266 | +€1.5m | +69.0% |
| Transfer from deferred taxes | 780 | €3,375 | €3,375 | = | 0.0% |
| Income taxes | 67/77 | €276,952 | €756,416 | +€479,464 | +173% |
| Taxes | 670/3 | €279,767 | €778,740 | +€498,973 | +178% |
| Tax adjustments and reversals of tax provisions | 77 | €2,816 | €22,324 | +€19,508 | +693% |
| Profit (loss) for the period | 9904 | €1,830,991 | €2,804,225 | +€973,234 | +53.2% |
| Transfer from tax-exempt reserves | 789 | €10,125 | €10,125 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,841,116 | €2,814,350 | +€973,234 | +52.9% |
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 23 October 2026 via checked.be.