CUPS STUDIO: 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.
CUPS STUDIO
Largest movements
- Receivables within one year +€103,950
up €103,950 (+115.1%), from €90,285 to €194,235
- Tangible fixed assets +€52,709
up €52,709 (+41.2%), from €127,914 to €180,623
of which Plant, machinery and equipment: +€53,457
- Cash +€48,570
up €48,570 (+19.2%), from €253,119 to €301,689
mainly Net result for the year (+€161,786) and Tax, wage and social debts (+€31,949)
- Reserves +€161,786
up €161,786 (+57.2%), from €282,804 to €444,590
- Tax, wage and social debts +€31,949
up €31,949 (+32.2%), from €99,222 to €131,171
- Current portion of long-term debt +€12,321
up €12,321 (+164.9%), from €7,474 to €19,794
- Trade debts -€7,710
down €7,710 (-35.7%), from €21,575 to €13,865
- Gross operating margin +€70,239
up €70,239 (+42.7%), from €164,661 to €234,900
- Other operating charges -€17,720
down €17,720 (-97.8%), from €18,120 to €400
- Taxes +€17,032
up €17,032 (+57.5%), from €29,633 to €46,665
- Depreciation +€8,530
up €8,530 (+69.7%), from €12,234 to €20,764
- Financial charges +€4,139
up €4,139 (+345.0%), from €1,200 to €5,339
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 | €538,084 | €739,643 | +€201,560 | +37.5% |
| Fixed assets | 21/28 | €179,950 | €226,159 | +€46,209 | +25.7% |
| Intangible fixed assets | 21 | €52,036 | €45,536 | -€6,500 | -12.5% |
| Tangible fixed assets | 22/27 | €127,914 | €180,623 | +€52,709 | +41.2% |
| Land and buildings | 22 | €114,765 | €110,931 | -€3,833 | -3.3% |
| Plant, machinery and equipment | 23 | €12,329 | €65,786 | +€53,457 | +433.6% |
| Furniture and vehicles | 24 | €820 | €3,906 | +€3,086 | +376.2% |
| Current assets | 29/58 | €358,134 | €513,485 | +€155,350 | +43.4% |
| Amounts receivable within one year | 40/41 | €90,285 | €194,235 | +€103,950 | +115.1% |
| Trade receivables | 40 | €90,285 | €194,235 | +€103,950 | +115.1% |
| Cash at bank and in hand | 54/58 | €253,119 | €301,689 | +€48,570 | +19.2% |
| Deferred charges and accrued income | 490/1 | €14,730 | €17,560 | +€2,830 | +19.2% |
| Total equity and liabilities | 10/49 | €538,084 | €739,643 | +€201,560 | +37.5% |
| Equity | 10/15 | €283,004 | €444,790 | +€161,786 | +57.2% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Outside capital | 11 | €200 | - | -€200 | |
| Share premium | 1100/10 | €200 | - | -€200 | |
| Reserves | 13 | €282,804 | €444,590 | +€161,786 | +57.2% |
| Distributable reserves | 133 | €282,804 | €444,590 | +€161,786 | +57.2% |
| Amounts payable | 17/49 | €255,080 | €294,853 | +€39,773 | +15.6% |
| Amounts payable after more than one year | 17 | €126,810 | €130,023 | +€3,213 | +2.5% |
| Financial debts | 170/4 | €126,810 | €130,023 | +€3,213 | +2.5% |
| Amounts payable within one year | 42/48 | €128,270 | €164,830 | +€36,560 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €7,474 | €19,794 | +€12,321 | +164.9% |
| Trade debts | 44 | €21,575 | €13,865 | -€7,710 | -35.7% |
| Suppliers | 440/4 | €21,575 | €13,865 | -€7,710 | -35.7% |
| Taxes, remuneration and social security | 45 | €99,222 | €131,171 | +€31,949 | +32.2% |
| Taxes | 450/3 | €99,222 | €131,171 | +€31,949 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,234 | €20,764 | +€8,530 | +69.7% |
| Other operating charges | 640/8 | €18,120 | €400 | -€17,720 | -97.8% |
| Non-recurring operating charges | 66A | €207 | €0 | -€207 | -100.0% |
| Gross operating margin | 9900 | €164,661 | €234,900 | +€70,239 | +42.7% |
| Operating profit (loss) | 9901 | €134,100 | €213,736 | +€79,636 | +59.4% |
| Financial income | 75/76B | €40 | €55 | +€15 | +36.7% |
| Recurring financial income | 75 | €40 | €55 | +€15 | +36.7% |
| Financial charges | 65/66B | €1,200 | €5,339 | +€4,139 | +345.0% |
| Recurring financial charges | 65 | €1,200 | €5,339 | +€4,139 | +345.0% |
| Profit (loss) for the period before taxes | 9903 | €132,940 | €208,452 | +€75,512 | +56.8% |
| Income taxes | 67/77 | €29,633 | €46,665 | +€17,032 | +57.5% |
| Profit (loss) for the period | 9904 | €103,307 | €161,786 | +€58,479 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,307 | €161,786 | +€58,479 | +56.6% |
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 3 October 2026 via checked.be.