GREGG KUYPERS: what changed
GREGG KUYPERS
Largest movements
- Receivables within one year +€42,943
up €42,943 (+13.5%), from €317,518 to €360,461
of which Trade receivables: +€56,098
- Tangible fixed assets -€40,818
down €40,818 (-12.9%), from €315,263 to €274,445
of which Land and buildings: -€29,538
- Cash -€23,129
down €23,129 (-44.0%), from €52,560 to €29,431
mainly Short-term financial debts (-€100,000) and Receivables within one year (-€42,943)
- Deferred charges and accrued income +€11,596
up €11,596 (+49.3%), from €23,517 to €35,113
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts +€90,027
up €90,027 (+146%), from €61,648 to €151,675
- Reserves +€27,464
up €27,464 (+7.7%), from €357,179 to €384,642
of which Distributable reserves: +€27,464
- Debts after one year -€23,900
down €23,900 (-24.7%), from €96,650 to €72,750
- Current portion of long-term debt -€11,380
down €11,380 (-32.3%), from €35,280 to €23,900
- Gross operating margin +€24,865
up €24,865 (+28.9%), from €86,057 to €110,922
- Staff costs +€10,626
up €10,626 (+228%), from €4,653 to €15,280
- Taxes +€5,285
up €5,285 (+73.0%), from €7,242 to €12,527
- Financial charges -€3,798
down €3,798 (-29.6%), from €12,843 to €9,045
- Financial income +€3,010
up €3,010 (+510,132%), from €1 to €3,010
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,834 | €702,425 | -€9,409 | -1.3% |
| Fixed assets | 21/28 | €318,238 | €277,420 | -€40,818 | -12.8% |
| Tangible fixed assets | 22/27 | €315,263 | €274,445 | -€40,818 | -12.9% |
| Land and buildings | 22 | €287,428 | €257,891 | -€29,538 | -10.3% |
| Plant, machinery and equipment | 23 | €197 | €1,060 | +€863 | +437% |
| Furniture and vehicles | 24 | €27,637 | €15,494 | -€12,143 | -43.9% |
| Financial fixed assets | 28 | €2,975 | €2,975 | = | 0.0% |
| Current assets | 29/58 | €393,596 | €425,005 | +€31,409 | +8.0% |
| Amounts receivable within one year | 40/41 | €317,518 | €360,461 | +€42,943 | +13.5% |
| Trade receivables | 40 | €120,862 | €176,960 | +€56,098 | +46.4% |
| Other amounts receivable | 41 | €196,656 | €183,501 | -€13,156 | -6.7% |
| Cash at bank and in hand | 54/58 | €52,560 | €29,431 | -€23,129 | -44.0% |
| Deferred charges and accrued income | 490/1 | €23,517 | €35,113 | +€11,596 | +49.3% |
| Total equity and liabilities | 10/49 | €711,834 | €702,425 | -€9,409 | -1.3% |
| Equity | 10/15 | €375,779 | €403,242 | +€27,464 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,179 | €384,642 | +€27,464 | +7.7% |
| Tax-exempt reserves | 132 | €148,673 | €148,673 | = | 0.0% |
| Distributable reserves | 133 | €208,505 | €235,969 | +€27,464 | +13.2% |
| Amounts payable | 17/49 | €336,055 | €299,183 | -€36,872 | -11.0% |
| Amounts payable after more than one year | 17 | €96,650 | €72,750 | -€23,900 | -24.7% |
| Financial debts | 170/4 | €96,650 | €72,750 | -€23,900 | -24.7% |
| Amounts payable within one year | 42/48 | €238,666 | €226,337 | -€12,328 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €35,280 | €23,900 | -€11,380 | -32.3% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €61,648 | €151,675 | +€90,027 | +146% |
| Suppliers | 440/4 | €61,648 | €151,675 | +€90,027 | +146% |
| Taxes, remuneration and social security | 45 | €9,957 | €18,198 | +€8,241 | +82.8% |
| Taxes | 450/3 | €9,242 | €16,876 | +€7,634 | +82.6% |
| Remuneration and social security | 454/9 | €715 | €1,322 | +€607 | +84.9% |
| Other amounts payable | 47/48 | €31,782 | €32,564 | +€782 | +2.5% |
| Accrued charges and deferred income | 492/3 | €739 | €96 | -€644 | -87.1% |
| Remuneration, social security and pensions | 62 | €4,653 | €15,280 | +€10,626 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,034 | €42,040 | -€1,995 | -4.5% |
| Other operating charges | 640/8 | €4,831 | €7,577 | +€2,745 | +56.8% |
| Gross operating margin | 9900 | €86,057 | €110,922 | +€24,865 | +28.9% |
| Operating profit (loss) | 9901 | €32,538 | €46,025 | +€13,488 | +41.5% |
| Financial income | 75/76B | €1 | €3,010 | +€3,010 | +510,132% |
| Recurring financial income | 75 | €1 | €3,010 | +€3,010 | +510,132% |
| Financial charges | 65/66B | €12,843 | €9,045 | -€3,798 | -29.6% |
| Recurring financial charges | 65 | €12,843 | €9,045 | -€3,798 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €19,696 | €39,991 | +€20,295 | +103% |
| Income taxes | 67/77 | €7,242 | €12,527 | +€5,285 | +73.0% |
| Profit (loss) for the period | 9904 | €12,453 | €27,464 | +€15,010 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €12,453 | €27,464 | +€15,010 | +121% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.