DE COUPURE: 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.
DE COUPURE
Largest movements
- Receivables within one year -€6,857
down €6,857 (-19.9%), from €34,417 to €27,560
of which Other amounts receivable: -€5,791
- Cash +€6,004
up €6,004 (+55.2%), from €10,873 to €16,876
mainly Depreciation (+€29,587) and Debts after one year (+€9,773)
- Deferred charges and accrued income +€5,090
up €5,090, from €0 to €5,090
- Tangible fixed assets +€2,861
up €2,861 (+1.6%), from €177,853 to €180,714
of which Furniture and vehicles: +€30,732
- Debts after one year +€9,773
up €9,773 (+8.0%), from €122,765 to €132,538
- Current portion of long-term debt -€7,659
down €7,659 (-26.4%), from €29,050 to €21,390
- Reserves +€4,058
up €4,058 (+16.2%), from €24,989 to €29,047
- Gross operating margin +€31,037
up €31,037 (+203%), from €15,301 to €46,338
- Financial charges +€3,010
up €3,010 (+39.3%), from €7,658 to €10,669
- Depreciation -€2,001
down €2,001 (-6.3%), from €31,588 to €29,587
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 | €236,031 | €243,649 | +€7,618 | +3.2% |
| Fixed assets | 21/28 | €177,853 | €180,714 | +€2,861 | +1.6% |
| Tangible fixed assets | 22/27 | €177,853 | €180,714 | +€2,861 | +1.6% |
| Plant, machinery and equipment | 23 | €21,503 | €14,060 | -€7,443 | -34.6% |
| Furniture and vehicles | 24 | €0 | €30,732 | +€30,732 | |
| Other tangible fixed assets | 26 | €156,349 | €135,922 | -€20,427 | -13.1% |
| Current assets | 29/58 | €58,178 | €62,935 | +€4,757 | +8.2% |
| Stocks and contracts in progress | 3 | €12,888 | €13,409 | +€521 | +4.0% |
| Stocks | 30/36 | €12,888 | €13,409 | +€521 | +4.0% |
| Amounts receivable within one year | 40/41 | €34,417 | €27,560 | -€6,857 | -19.9% |
| Trade receivables | 40 | €12,006 | €10,940 | -€1,067 | -8.9% |
| Other amounts receivable | 41 | €22,411 | €16,620 | -€5,791 | -25.8% |
| Cash at bank and in hand | 54/58 | €10,873 | €16,876 | +€6,004 | +55.2% |
| Deferred charges and accrued income | 490/1 | €0 | €5,090 | +€5,090 | |
| Total equity and liabilities | 10/49 | €236,031 | €243,649 | +€7,618 | +3.2% |
| Equity | 10/15 | €43,561 | €47,619 | +€4,058 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,989 | €29,047 | +€4,058 | +16.2% |
| Distributable reserves | 133 | €24,989 | €29,047 | +€4,058 | +16.2% |
| Profit (loss) carried forward | 14 | -€28 | -€28 | = | 0.0% |
| Amounts payable | 17/49 | €192,470 | €196,030 | +€3,560 | +1.8% |
| Amounts payable after more than one year | 17 | €122,765 | €132,538 | +€9,773 | +8.0% |
| Financial debts | 170/4 | €122,765 | €132,538 | +€9,773 | +8.0% |
| Amounts payable within one year | 42/48 | €64,652 | €58,284 | -€6,368 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €29,050 | €21,390 | -€7,659 | -26.4% |
| Trade debts | 44 | €33,250 | €33,846 | +€596 | +1.8% |
| Suppliers | 440/4 | €33,250 | €33,846 | +€596 | +1.8% |
| Advances received on contracts in progress | 46 | - | €906 | +€906 | |
| Taxes, remuneration and social security | 45 | €2,352 | €2,141 | -€211 | -9.0% |
| Taxes | 450/3 | €2,352 | €2,141 | -€211 | -9.0% |
| Accrued charges and deferred income | 492/3 | €5,054 | €5,209 | +€155 | +3.1% |
| Non-recurring operating income | 76A | €17,850 | €0 | -€17,850 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,588 | €29,587 | -€2,001 | -6.3% |
| Other operating charges | 640/8 | €847 | €1,020 | +€173 | +20.4% |
| Non-recurring operating charges | 66A | - | €312 | +€312 | |
| Gross operating margin | 9900 | €15,301 | €46,338 | +€31,037 | +203% |
| Operating profit (loss) | 9901 | -€17,135 | €15,419 | +€32,553 | |
| Financial income | 75/76B | €172 | €114 | -€57 | -33.3% |
| Recurring financial income | 75 | €112 | €114 | +€3 | +2.6% |
| Non-recurring financial income | 76B | €60 | €0 | -€60 | -100% |
| Financial charges | 65/66B | €7,658 | €10,669 | +€3,010 | +39.3% |
| Recurring financial charges | 65 | €7,658 | €10,669 | +€3,010 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,621 | €4,865 | +€29,486 | |
| Income taxes | 67/77 | €400 | €807 | +€407 | +102% |
| Profit (loss) for the period | 9904 | -€25,021 | €4,058 | +€29,078 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,021 | €4,058 | +€29,078 |
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 16 October 2026 via checked.be.