CUPA-VAN HEES: 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.
CUPA-VAN HEES
Largest movements
- Cash +€290,669
up €290,669 (+1,161%), from €25,029 to €315,698
mainly Investment in fixed assets (net) (+€192,585) and Current investments (+€100,000)
- Tangible fixed assets -€214,764
down €214,764 (-59.5%), from €360,865 to €146,101
of which Land and buildings: -€200,081
- Current investments -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Debts after one year -€32,246
no longer reported in 2025 (was €32,246)
- Current portion of long-term debt -€16,006
no longer reported in 2025 (was €16,006)
- Reserves +€8,868
up €8,868 (+3.0%), from €297,011 to €305,879
of which Distributable reserves: +€8,868
- Trade debts +€7,570
new in 2025: €7,570
- Gross operating margin -€17,166
down €17,166 (-30.0%), from €57,164 to €39,998
- Depreciation -€10,693
down €10,693 (-32.1%), from €33,322 to €22,629
- Financial charges +€1,114
up €1,114 (+31.6%), from €3,527 to €4,641
of which Financial charges: +€1,115
- Taxes -€736
down €736 (-41.4%), from €1,777 to €1,041
- Other operating charges -€727
down €727 (-23.7%), from €3,067 to €2,340
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 | €567,969 | €541,109 | -€26,860 | -4.7% |
| Fixed assets | 21/28 | €361,315 | €146,101 | -€215,214 | -59.6% |
| Tangible fixed assets | 22/27 | €360,865 | €146,101 | -€214,764 | -59.5% |
| Land and buildings | 22 | €311,431 | €111,350 | -€200,081 | -64.2% |
| Plant, machinery and equipment | 23 | €47,474 | €34,051 | -€13,423 | -28.3% |
| Furniture and vehicles | 24 | €1,960 | €700 | -€1,260 | -64.3% |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €206,654 | €395,008 | +€188,354 | +91.1% |
| Amounts receivable within one year | 40/41 | €2,589 | €275 | -€2,314 | -89.4% |
| Trade receivables | 40 | €2,589 | - | -€2,589 | |
| Other amounts receivable | 41 | - | €275 | +€275 | |
| Current investments | 50/53 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €25,029 | €315,698 | +€290,669 | +1,161% |
| Deferred charges and accrued income | 490/1 | €29,036 | €29,035 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €567,969 | €541,109 | -€26,860 | -4.7% |
| Equity | 10/15 | €415,611 | €424,479 | +€8,868 | +2.1% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €297,011 | €305,879 | +€8,868 | +3.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,240 | €14,240 | = | 0.0% |
| Distributable reserves | 133 | €270,911 | €279,779 | +€8,868 | +3.3% |
| Amounts payable | 17/49 | €152,358 | €116,630 | -€35,728 | -23.5% |
| Amounts payable after more than one year | 17 | €32,246 | - | -€32,246 | |
| Financial debts | 170/4 | €32,246 | - | -€32,246 | |
| Amounts payable within one year | 42/48 | €118,662 | €115,179 | -€3,483 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €16,006 | - | -€16,006 | |
| Trade debts | 44 | - | €7,570 | +€7,570 | |
| Suppliers | 440/4 | - | €7,570 | +€7,570 | |
| Taxes, remuneration and social security | 45 | €1,365 | €1,010 | -€355 | -26.0% |
| Taxes | 450/3 | €1,365 | €1,010 | -€355 | -26.0% |
| Other amounts payable | 47/48 | €101,291 | €106,599 | +€5,308 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,451 | +€1 | +0.1% |
| Non-recurring operating income | 76A | - | €46,319 | +€46,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,322 | €22,629 | -€10,693 | -32.1% |
| Other operating charges | 640/8 | €3,067 | €2,340 | -€727 | -23.7% |
| Non-recurring operating charges | 66A | €1,872 | €616 | -€1,256 | -67.1% |
| Gross operating margin | 9900 | €57,164 | €39,998 | -€17,166 | -30.0% |
| Operating profit (loss) | 9901 | €18,903 | €14,413 | -€4,490 | -23.8% |
| Financial income | 75/76B | €20 | €137 | +€117 | +585% |
| Recurring financial income | 75 | €20 | €137 | +€117 | +585% |
| Financial charges | 65/66B | €3,527 | €4,641 | +€1,114 | +31.6% |
| Recurring financial charges | 65 | €3,526 | €4,641 | +€1,115 | +31.6% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €15,396 | €9,909 | -€5,487 | -35.6% |
| Income taxes | 67/77 | €1,777 | €1,041 | -€736 | -41.4% |
| Profit (loss) for the period | 9904 | €13,619 | €8,868 | -€4,751 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,619 | €8,868 | -€4,751 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.