JO KUPPENS: 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.
JO KUPPENS
Largest movements
- Receivables within one year -€10,446
down €10,446 (-36.3%), from €28,792 to €18,346
of which Trade receivables: -€11,661
- Cash +€8,042
up €8,042 (+20.0%), from €40,212 to €48,254
mainly Other debts (+€12,019) and Receivables within one year (+€10,446)
- Other debts +€12,019
up €12,019 (+2,266%), from €530 to €12,549
- Financial income -€77,441
down €77,441 (-94.5%), from €81,958 to €4,518
- Gross operating margin -€37,225
down €37,225 (-75.6%), from €49,224 to €11,999
- Taxes -€19,102
down €19,102 (-89.0%), from €21,463 to €2,361
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 | €504,431 | €507,270 | +€2,839 | +0.6% |
| Fixed assets | 21/28 | €32,513 | €32,651 | +€138 | +0.4% |
| Tangible fixed assets | 22/27 | €32,513 | €32,651 | +€138 | +0.4% |
| Land and buildings | 22 | €32,403 | €32,067 | -€337 | -1.0% |
| Furniture and vehicles | 24 | €110 | €585 | +€475 | +432% |
| Current assets | 29/58 | €471,918 | €474,619 | +€2,701 | +0.6% |
| Amounts receivable within one year | 40/41 | €28,792 | €18,346 | -€10,446 | -36.3% |
| Trade receivables | 40 | €24,396 | €12,734 | -€11,661 | -47.8% |
| Other amounts receivable | 41 | €4,396 | €5,612 | +€1,216 | +27.7% |
| Current investments | 50/53 | €402,763 | €405,888 | +€3,125 | +0.8% |
| Cash at bank and in hand | 54/58 | €40,212 | €48,254 | +€8,042 | +20.0% |
| Deferred charges and accrued income | 490/1 | €151 | €2,130 | +€1,979 | +1,307% |
| Total equity and liabilities | 10/49 | €504,431 | €507,270 | +€2,839 | +0.6% |
| Equity | 10/15 | €485,753 | €480,943 | -€4,810 | -1.0% |
| Contributions | 10/11 | €162,975 | €162,975 | = | 0.0% |
| Reserves | 13 | €322,779 | €317,968 | -€4,810 | -1.5% |
| Tax-exempt reserves | 132 | €21,765 | €21,765 | = | 0.0% |
| Distributable reserves | 133 | €301,013 | €296,203 | -€4,810 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,678 | €26,327 | +€7,649 | +41.0% |
| Amounts payable within one year | 42/48 | €18,678 | €26,327 | +€7,649 | +41.0% |
| Taxes, remuneration and social security | 45 | €18,147 | €13,778 | -€4,369 | -24.1% |
| Taxes | 450/3 | €18,147 | €13,778 | -€4,369 | -24.1% |
| Other amounts payable | 47/48 | €530 | €12,549 | +€12,019 | +2,266% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €462 | -€181 | -28.2% |
| Other operating charges | 640/8 | €5,642 | €5,859 | +€216 | +3.8% |
| Gross operating margin | 9900 | €49,224 | €11,999 | -€37,225 | -75.6% |
| Operating profit (loss) | 9901 | €42,939 | €5,679 | -€37,260 | -86.8% |
| Financial income | 75/76B | €81,958 | €4,518 | -€77,441 | -94.5% |
| Recurring financial income | 75 | €81,958 | €4,518 | -€77,441 | -94.5% |
| Financial charges | 65/66B | €11 | €97 | +€86 | +806% |
| Recurring financial charges | 65 | €11 | €97 | +€86 | +806% |
| Profit (loss) for the period before taxes | 9903 | €124,886 | €10,099 | -€114,787 | -91.9% |
| Income taxes | 67/77 | €21,463 | €2,361 | -€19,102 | -89.0% |
| Profit (loss) for the period | 9904 | €103,423 | €7,739 | -€95,685 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,423 | €7,739 | -€95,685 | -92.5% |
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 20 October 2026 via checked.be.