DE KUIPER: 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 KUIPER
Largest movements
- Cash +€116,552
up €116,552 (+42.3%), from €275,686 to €392,238
mainly Net result for the year (+€166,102) and Depreciation (+€21,080)
- Tangible fixed assets +€23,738
up €23,738 (+22.6%), from €104,984 to €128,722
of which Plant, machinery and equipment: +€32,285
- Receivables within one year +€11,786
up €11,786 (+123%), from €9,608 to €21,394
of which Other amounts receivable: +€12,252
- Reserves +€166,102
up €166,102 (+33.0%), from €503,335 to €669,437
of which Distributable reserves: +€166,102
- Trade debts -€19,505
down €19,505 (-62.7%), from €31,105 to €11,600
- Tax, wage and social debts +€13,839
up €13,839 (+39.6%), from €34,927 to €48,766
of which Remuneration and social security: +€11,162
- Other debts -€11,987
down €11,987 (-100%), from €11,987 to €0
- Gross operating margin +€52,419
up €52,419 (+7.6%), from €685,671 to €738,090
- Staff costs +€35,773
up €35,773 (+7.8%), from €457,314 to €493,086
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 | €698,450 | €838,080 | +€139,630 | +20.0% |
| Fixed assets | 21/28 | €104,984 | €128,722 | +€23,738 | +22.6% |
| Tangible fixed assets | 22/27 | €104,984 | €128,722 | +€23,738 | +22.6% |
| Plant, machinery and equipment | 23 | €75,311 | €107,596 | +€32,285 | +42.9% |
| Furniture and vehicles | 24 | €29,673 | €21,126 | -€8,547 | -28.8% |
| Current assets | 29/58 | €593,466 | €709,357 | +€115,891 | +19.5% |
| Stocks and contracts in progress | 3 | €58,618 | €53,326 | -€5,292 | -9.0% |
| Stocks | 30/36 | €58,618 | €53,326 | -€5,292 | -9.0% |
| Amounts receivable within one year | 40/41 | €9,608 | €21,394 | +€11,786 | +123% |
| Trade receivables | 40 | €1,195 | €730 | -€465 | -38.9% |
| Other amounts receivable | 41 | €8,412 | €20,664 | +€12,252 | +146% |
| Current investments | 50/53 | €234,156 | €226,525 | -€7,631 | -3.3% |
| Cash at bank and in hand | 54/58 | €275,686 | €392,238 | +€116,552 | +42.3% |
| Deferred charges and accrued income | 490/1 | €15,399 | €15,874 | +€476 | +3.1% |
| Total equity and liabilities | 10/49 | €698,450 | €838,080 | +€139,630 | +20.0% |
| Equity | 10/15 | €565,335 | €731,437 | +€166,102 | +29.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €503,335 | €669,437 | +€166,102 | +33.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €497,135 | €663,237 | +€166,102 | +33.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,115 | €106,643 | -€26,472 | -19.9% |
| Amounts payable after more than one year | 17 | €46,277 | €38,699 | -€7,578 | -16.4% |
| Financial debts | 170/4 | €46,277 | €38,699 | -€7,578 | -16.4% |
| Amounts payable within one year | 42/48 | €85,308 | €67,944 | -€17,363 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €7,289 | €7,578 | +€289 | +4.0% |
| Trade debts | 44 | €31,105 | €11,600 | -€19,505 | -62.7% |
| Suppliers | 440/4 | €31,105 | €11,600 | -€19,505 | -62.7% |
| Taxes, remuneration and social security | 45 | €34,927 | €48,766 | +€13,839 | +39.6% |
| Taxes | 450/3 | €10,609 | €13,286 | +€2,677 | +25.2% |
| Remuneration and social security | 454/9 | €24,318 | €35,480 | +€11,162 | +45.9% |
| Other amounts payable | 47/48 | €11,987 | €0 | -€11,987 | -100% |
| Accrued charges and deferred income | 492/3 | €1,531 | €0 | -€1,531 | -100% |
| Non-recurring operating income | 76A | €1,027 | €0 | -€1,027 | -100% |
| Remuneration, social security and pensions | 62 | €457,314 | €493,086 | +€35,773 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,003 | €21,080 | +€78 | +0.4% |
| Other operating charges | 640/8 | €2,328 | €2,092 | -€237 | -10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €685,671 | €738,090 | +€52,419 | +7.6% |
| Operating profit (loss) | 9901 | €205,026 | €221,831 | +€16,805 | +8.2% |
| Financial income | 75/76B | €3,682 | €4,288 | +€606 | +16.5% |
| Recurring financial income | 75 | €3,682 | €4,288 | +€606 | +16.5% |
| Financial charges | 65/66B | €2,500 | €4,761 | +€2,261 | +90.4% |
| Recurring financial charges | 65 | €2,500 | €4,761 | +€2,261 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | €206,208 | €221,358 | +€15,151 | +7.3% |
| Income taxes | 67/77 | €54,266 | €55,257 | +€991 | +1.8% |
| Profit (loss) for the period | 9904 | €151,942 | €166,102 | +€14,160 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,942 | €166,102 | +€14,160 | +9.3% |
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 21 October 2026 via checked.be.