CUPITEX: 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.
CUPITEX
Largest movements
- Receivables within one year +€13,413
up €13,413 (+42.6%), from €31,486 to €44,899
of which Trade receivables: +€11,992
- Tangible fixed assets -€11,625
down €11,625 (-11.4%), from €101,864 to €90,238
of which Furniture and vehicles: -€10,059
- Cash -€5,156
down €5,156 (-7.3%), from €70,219 to €65,063
mainly Receivables within one year (-€13,413) and Net result for the year (-€7,757)
- Reserves -€7,757
down €7,757 (-4.9%), from €158,978 to €151,221
- Other debts +€4,518
up €4,518 (+17.1%), from €26,371 to €30,889
- Gross operating margin -€26,743
down €26,743 (-70.7%), from €37,825 to €11,081
- Taxes -€5,273
down €5,273 (-97.6%), from €5,405 to €132
- Depreciation +€434
up €434 (+2.9%), from €14,802 to €15,236
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 | €203,576 | €200,671 | -€2,905 | -1.4% |
| Fixed assets | 21/28 | €101,871 | €90,246 | -€11,625 | -11.4% |
| Tangible fixed assets | 22/27 | €101,864 | €90,238 | -€11,625 | -11.4% |
| Land and buildings | 22 | €57,540 | €56,280 | -€1,260 | -2.2% |
| Plant, machinery and equipment | 23 | - | €1,254 | +€1,254 | |
| Furniture and vehicles | 24 | €38,984 | €28,925 | -€10,059 | -25.8% |
| Other tangible fixed assets | 26 | €5,340 | €3,779 | -€1,561 | -29.2% |
| Financial fixed assets | 28 | €7 | €7 | = | 0.0% |
| Current assets | 29/58 | €101,705 | €110,425 | +€8,720 | +8.6% |
| Amounts receivable within one year | 40/41 | €31,486 | €44,899 | +€13,413 | +42.6% |
| Trade receivables | 40 | €26,416 | €38,408 | +€11,992 | +45.4% |
| Other amounts receivable | 41 | €5,071 | €6,492 | +€1,421 | +28.0% |
| Cash at bank and in hand | 54/58 | €70,219 | €65,063 | -€5,156 | -7.3% |
| Deferred charges and accrued income | 490/1 | €0 | €463 | +€463 | |
| Total equity and liabilities | 10/49 | €203,576 | €200,671 | -€2,905 | -1.4% |
| Equity | 10/15 | €175,091 | €167,334 | -€7,757 | -4.4% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €158,978 | €151,221 | -€7,757 | -4.9% |
| Distributable reserves | 133 | €158,978 | €151,221 | -€7,757 | -4.9% |
| Amounts payable | 17/49 | €28,485 | €33,337 | +€4,852 | +17.0% |
| Amounts payable within one year | 42/48 | €28,485 | €33,337 | +€4,852 | +17.0% |
| Trade debts | 44 | €883 | €2,209 | +€1,326 | +150% |
| Suppliers | 440/4 | €883 | €2,209 | +€1,326 | +150% |
| Taxes, remuneration and social security | 45 | €1,231 | €239 | -€992 | -80.6% |
| Taxes | 450/3 | €1,231 | €239 | -€992 | -80.6% |
| Other amounts payable | 47/48 | €26,371 | €30,889 | +€4,518 | +17.1% |
| Non-recurring operating income | 76A | €25,200 | €0 | -€25,200 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,802 | €15,236 | +€434 | +2.9% |
| Other operating charges | 640/8 | €3,659 | €3,668 | +€9 | +0.3% |
| Gross operating margin | 9900 | €37,825 | €11,081 | -€26,743 | -70.7% |
| Operating profit (loss) | 9901 | €19,364 | -€7,823 | -€27,187 | |
| Financial income | 75/76B | €65 | €270 | +€205 | +316% |
| Recurring financial income | 75 | €65 | €270 | +€205 | +316% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €19,362 | -€7,625 | -€26,987 | |
| Income taxes | 67/77 | €5,405 | €132 | -€5,273 | -97.6% |
| Profit (loss) for the period | 9904 | €13,956 | -€7,757 | -€21,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,956 | -€7,757 | -€21,714 |
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 19 October 2026 via checked.be.