KOUPALO: 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.
KOUPALO
Largest movements
- Cash -€25,871
down €25,871 (-18.0%), from €143,565 to €117,694
mainly Other debts (-€33,077) and Receivables within one year (-€20,105)
- Receivables within one year +€20,105
up €20,105 (+297%), from €6,780 to €26,885
of which Trade receivables: +€16,105
- Other debts -€33,077
down €33,077 (-27.9%), from €118,622 to €85,545
- Profit (loss) carried forward +€28,554
up €28,554 (+26.7%), from €107,094 to €135,648
- Gross operating margin -€33,515
down €33,515 (-36.2%), from €92,488 to €58,973
- Taxes -€9,247
down €9,247 (-43.0%), from €21,511 to €12,264
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 | €861,596 | €848,800 | -€12,796 | -1.5% |
| Fixed assets | 21/28 | €709,814 | €702,693 | -€7,121 | -1.0% |
| Tangible fixed assets | 22/27 | €709,739 | €702,619 | -€7,121 | -1.0% |
| Land and buildings | 22 | €708,547 | €701,653 | -€6,893 | -1.0% |
| Plant, machinery and equipment | 23 | €1,193 | €965 | -€227 | -19.1% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €151,783 | €146,107 | -€5,675 | -3.7% |
| Amounts receivable within one year | 40/41 | €6,780 | €26,885 | +€20,105 | +297% |
| Trade receivables | 40 | €6,780 | €22,885 | +€16,105 | +238% |
| Other amounts receivable | 41 | €0 | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €143,565 | €117,694 | -€25,871 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,528 | +€90 | +6.3% |
| Total equity and liabilities | 10/49 | €861,596 | €848,800 | -€12,796 | -1.5% |
| Equity | 10/15 | €127,554 | €156,108 | +€28,554 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €107,094 | €135,648 | +€28,554 | +26.7% |
| Amounts payable | 17/49 | €734,042 | €692,692 | -€41,350 | -5.6% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,042 | €92,661 | -€41,381 | -30.9% |
| Trade debts | 44 | €5,799 | €5,426 | -€373 | -6.4% |
| Suppliers | 440/4 | €5,799 | €5,426 | -€373 | -6.4% |
| Taxes, remuneration and social security | 45 | €9,621 | €1,691 | -€7,930 | -82.4% |
| Taxes | 450/3 | €9,621 | €1,691 | -€7,930 | -82.4% |
| Other amounts payable | 47/48 | €118,622 | €85,545 | -€33,077 | -27.9% |
| Accrued charges and deferred income | 492/3 | €0 | €31 | +€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,406 | €12,091 | +€685 | +6.0% |
| Other operating charges | 640/8 | €5,426 | €4,996 | -€430 | -7.9% |
| Gross operating margin | 9900 | €92,488 | €58,973 | -€33,515 | -36.2% |
| Operating profit (loss) | 9901 | €75,656 | €41,886 | -€33,770 | -44.6% |
| Financial income | 75/76B | €820 | €0 | -€820 | -100% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100% |
| Non-recurring financial income | 76B | €798 | €0 | -€798 | -100% |
| Financial charges | 65/66B | €219 | €235 | +€17 | +7.5% |
| Recurring financial charges | 65 | €219 | €235 | +€17 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €76,257 | €41,651 | -€34,606 | -45.4% |
| Income taxes | 67/77 | €21,511 | €12,264 | -€9,247 | -43.0% |
| Profit (loss) for the period | 9904 | €54,746 | €29,387 | -€25,359 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,746 | €29,387 | -€25,359 | -46.3% |
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 31 October 2026 via checked.be.