CUPELO: what changed
Two fiscal 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.
CUPELO
Largest movements
- Tangible fixed assets +€2,450
up €2,450, from €0 to €2,450
of which Plant, machinery and equipment: +€2,450
- Cash +€1,956
up €1,956 (+1534.5%), from €127 to €2,084
mainly Net result for the year (+€6,568) and Trade debts (+€345)
- Receivables within one year -€279
down €279 (-12.4%), from €2,255 to €1,976
of which Other amounts receivable: -€634
- Deferred charges and accrued income -€109
down €109 (-27.5%), from €397 to €288
- Profit (loss) carried forward +€6,568
up €6,568 (+8.8%), from -€74,263 to -€67,695
- Other debts -€2,777
down €2,777 (-100.0%), from €2,777 to €0
- Trade debts +€345
up €345 (+402.1%), from €86 to €431
- Accrued charges and deferred income -€80
down €80 (-99.6%), from €80 to €0
- Gross operating margin -€3,294
down €3,294 (-31.1%), from €10,591 to €7,297
- Staff costs -€132
new in 2025: -€132
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.
Cash bridge derived
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 | €2,779 | €6,797 | +€4,018 | +144.6% |
| Fixed assets | 21/28 | €0 | €2,450 | +€2,450 | |
| Tangible fixed assets | 22/27 | €0 | €2,450 | +€2,450 | |
| Plant, machinery and equipment | 23 | €0 | €2,450 | +€2,450 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,779 | €4,347 | +€1,568 | +56.4% |
| Amounts receivable within one year | 40/41 | €2,255 | €1,976 | -€279 | -12.4% |
| Trade receivables | 40 | €1,452 | €1,807 | +€355 | +24.4% |
| Other amounts receivable | 41 | €803 | €169 | -€634 | -79.0% |
| Cash at bank and in hand | 54/58 | €127 | €2,084 | +€1,956 | +1534.5% |
| Deferred charges and accrued income | 490/1 | €397 | €288 | -€109 | -27.5% |
| Total equity and liabilities | 10/49 | €2,779 | €6,797 | +€4,018 | +144.6% |
| Equity | 10/15 | -€203 | €6,365 | +€6,568 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,860 | €67,860 | = | 0.0% |
| Distributable reserves | 133 | €67,860 | €67,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,263 | -€67,695 | +€6,568 | +8.8% |
| Amounts payable | 17/49 | €2,982 | €432 | -€2,551 | -85.5% |
| Amounts payable within one year | 42/48 | €2,902 | €431 | -€2,471 | -85.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €86 | €431 | +€345 | +402.1% |
| Suppliers | 440/4 | €86 | €431 | +€345 | +402.1% |
| Taxes, remuneration and social security | 45 | €39 | €0 | -€39 | -100.0% |
| Taxes | 450/3 | €39 | €0 | -€39 | -100.0% |
| Other amounts payable | 47/48 | €2,777 | €0 | -€2,777 | -100.0% |
| Accrued charges and deferred income | 492/3 | €80 | €0 | -€80 | -99.6% |
| Remuneration, social security and pensions | 62 | - | -€132 | -€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €50 | +€50 | |
| Other operating charges | 640/8 | €540 | €465 | -€75 | -13.8% |
| Gross operating margin | 9900 | €10,591 | €7,297 | -€3,294 | -31.1% |
| Operating profit (loss) | 9901 | €10,051 | €6,913 | -€3,138 | -31.2% |
| Financial charges | 65/66B | €365 | €344 | -€20 | -5.6% |
| Recurring financial charges | 65 | €365 | €344 | -€20 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €9,686 | €6,568 | -€3,118 | -32.2% |
| Profit (loss) for the period | 9904 | €9,686 | €6,568 | -€3,118 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,686 | €6,568 | -€3,118 | -32.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.