Cupertino: 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.
Cupertino
Largest movements
- Receivables within one year -€34,908
down €34,908 (-33.8%), from €103,128 to €68,220
of which Other amounts receivable: -€29,391
- Cash +€24,303
up €24,303 (+24.8%), from €98,041 to €122,343
mainly Net result for the year (+€61,755) and Receivables within one year (+€34,908)
- Debts after one year -€26,035
down €26,035 (-13.1%), from €198,950 to €172,915
of which Financial debts: -€26,035
- Trade debts +€10,842
new in 2025: €10,842
- Taxes +€8,973
up €8,973 (+33.9%), from €26,462 to €35,435
- Gross operating margin +€5,774
up €5,774 (+4.9%), from €118,799 to €124,574
- Financial charges -€1,252
down €1,252 (-12.0%), from €10,395 to €9,144
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 | €625,518 | €617,574 | -€7,944 | -1.3% |
| Fixed assets | 21/28 | €342,047 | €346,192 | +€4,145 | +1.2% |
| Tangible fixed assets | 22/27 | €342,047 | €346,192 | +€4,145 | +1.2% |
| Land and buildings | 22 | €320,927 | €307,485 | -€13,442 | -4.2% |
| Plant, machinery and equipment | 23 | - | €5,468 | +€5,468 | |
| Furniture and vehicles | 24 | €2,110 | €1,650 | -€460 | -21.8% |
| Other tangible fixed assets | 26 | €19,010 | €31,589 | +€12,579 | +66.2% |
| Current assets | 29/58 | €283,471 | €271,382 | -€12,089 | -4.3% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,128 | €68,220 | -€34,908 | -33.8% |
| Trade receivables | 40 | €37,461 | €31,944 | -€5,517 | -14.7% |
| Other amounts receivable | 41 | €65,667 | €36,276 | -€29,391 | -44.8% |
| Cash at bank and in hand | 54/58 | €98,041 | €122,343 | +€24,303 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,302 | €818 | -€1,484 | -64.5% |
| Total equity and liabilities | 10/49 | €625,518 | €617,574 | -€7,944 | -1.3% |
| Equity | 10/15 | €323,733 | €328,379 | +€4,646 | +1.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €311,133 | €315,779 | +€4,646 | +1.5% |
| Distributable reserves | 133 | €311,133 | €315,779 | +€4,646 | +1.5% |
| Amounts payable | 17/49 | €301,785 | €289,195 | -€12,590 | -4.2% |
| Amounts payable after more than one year | 17 | €198,950 | €172,915 | -€26,035 | -13.1% |
| Financial debts | 170/4 | €196,458 | €170,422 | -€26,035 | -13.3% |
| Other amounts payable | 178/9 | €2,493 | €2,493 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,335 | €86,760 | +€12,425 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €59,969 | €64,819 | +€4,849 | +8.1% |
| Trade debts | 44 | - | €10,842 | +€10,842 | |
| Suppliers | 440/4 | - | €10,842 | +€10,842 | |
| Taxes, remuneration and social security | 45 | €9,165 | €11,099 | +€1,934 | +21.1% |
| Taxes | 450/3 | €9,165 | €9,281 | +€116 | +1.3% |
| Remuneration and social security | 454/9 | - | €1,818 | +€1,818 | |
| Other amounts payable | 47/48 | €5,200 | - | -€5,200 | |
| Accrued charges and deferred income | 492/3 | €28,500 | €29,520 | +€1,020 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,558 | €19,603 | +€1,046 | +5.6% |
| Other operating charges | 640/8 | €3,104 | €2,991 | -€113 | -3.6% |
| Gross operating margin | 9900 | €118,799 | €124,574 | +€5,774 | +4.9% |
| Operating profit (loss) | 9901 | €97,138 | €101,979 | +€4,842 | +5.0% |
| Financial income | 75/76B | €5,050 | €4,354 | -€696 | -13.8% |
| Recurring financial income | 75 | €5,050 | €4,354 | -€696 | -13.8% |
| Financial charges | 65/66B | €10,395 | €9,144 | -€1,252 | -12.0% |
| Recurring financial charges | 65 | €10,395 | €9,144 | -€1,252 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €91,792 | €97,189 | +€5,397 | +5.9% |
| Income taxes | 67/77 | €26,462 | €35,435 | +€8,973 | +33.9% |
| Profit (loss) for the period | 9904 | €65,330 | €61,755 | -€3,575 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,330 | €61,755 | -€3,575 | -5.5% |
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 30 September 2026 via checked.be.