KUPA: what changed
Two fiscal 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.
KUPA
Largest movements
- Stocks and contracts -€15,005
down €15,005 (-83.3%), from €18,018 to €3,013
- Tangible fixed assets -€7,675
down €7,675 (-37.8%), from €20,310 to €12,635
of which Furniture and vehicles: -€8,953
- Cash -€6,579
down €6,579 (-21.5%), from €30,543 to €23,964
mainly Advances received (-€45,000) and Investment in fixed assets (net) (-€2,132)
- Intangible fixed assets -€2,043
down €2,043 (-21.0%), from €9,711 to €7,668
- Advances received -€45,000
no longer reported in 2025 (was €45,000)
- Reserves +€5,377
up €5,377 (+48.5%), from €11,077 to €16,454
- Tax, wage and social debts +€3,147
up €3,147 (+92.5%), from €3,403 to €6,550
- Other debts +€2,285
up €2,285 (+13.2%), from €17,312 to €19,598
- Trade debts +€2,114
up €2,114 (+86.4%), from €2,446 to €4,561
- Taxes -€763
down €763 (-25.9%), from €2,953 to €2,189
- Depreciation +€453
up €453 (+3.9%), from €11,628 to €12,081
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.
Cash bridge derived
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 | €81,239 | €49,162 | -€32,076 | -39.5% |
| Formation expenses | 20 | €633 | €402 | -€231 | -36.6% |
| Fixed assets | 21/28 | €30,971 | €21,253 | -€9,718 | -31.4% |
| Intangible fixed assets | 21 | €9,711 | €7,668 | -€2,043 | -21.0% |
| Tangible fixed assets | 22/27 | €20,310 | €12,635 | -€7,675 | -37.8% |
| Plant, machinery and equipment | 23 | €1,311 | €2,589 | +€1,278 | +97.5% |
| Furniture and vehicles | 24 | €18,999 | €10,046 | -€8,953 | -47.1% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €49,635 | €27,508 | -€22,127 | -44.6% |
| Stocks and contracts in progress | 3 | €18,018 | €3,013 | -€15,005 | -83.3% |
| Stocks | 30/36 | €18,018 | €3,013 | -€15,005 | -83.3% |
| Amounts receivable within one year | 40/41 | €601 | €102 | -€499 | -83.1% |
| Trade receivables | 40 | €429 | €0 | -€429 | -100.0% |
| Other amounts receivable | 41 | €172 | €102 | -€70 | -40.7% |
| Cash at bank and in hand | 54/58 | €30,543 | €23,964 | -€6,579 | -21.5% |
| Deferred charges and accrued income | 490/1 | €473 | €429 | -€44 | -9.2% |
| Total equity and liabilities | 10/49 | €81,239 | €49,162 | -€32,076 | -39.5% |
| Equity | 10/15 | €13,077 | €18,454 | +€5,377 | +41.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,077 | €16,454 | +€5,377 | +48.5% |
| Distributable reserves | 133 | €11,077 | €16,454 | +€5,377 | +48.5% |
| Amounts payable | 17/49 | €68,162 | €30,709 | -€37,454 | -54.9% |
| Amounts payable within one year | 42/48 | €68,162 | €30,709 | -€37,454 | -54.9% |
| Trade debts | 44 | €2,446 | €4,561 | +€2,114 | +86.4% |
| Suppliers | 440/4 | €2,446 | €4,561 | +€2,114 | +86.4% |
| Advances received on contracts in progress | 46 | €45,000 | - | -€45,000 | |
| Taxes, remuneration and social security | 45 | €3,403 | €6,550 | +€3,147 | +92.5% |
| Taxes | 450/3 | €3,403 | €6,550 | +€3,147 | +92.5% |
| Other amounts payable | 47/48 | €17,312 | €19,598 | +€2,285 | +13.2% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,628 | €12,081 | +€453 | +3.9% |
| Other operating charges | 640/8 | €1,691 | €1,873 | +€182 | +10.8% |
| Gross operating margin | 9900 | €21,441 | €21,613 | +€171 | +0.8% |
| Operating profit (loss) | 9901 | €8,123 | €7,658 | -€464 | -5.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €106 | €92 | -€14 | -13.1% |
| Recurring financial charges | 65 | €106 | €92 | -€14 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €8,017 | €7,566 | -€451 | -5.6% |
| Income taxes | 67/77 | €2,953 | €2,189 | -€763 | -25.9% |
| Profit (loss) for the period | 9904 | €5,064 | €5,377 | +€313 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,064 | €5,377 | +€313 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.