Kupco: 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.
Kupco
Largest movements
- Cash +€42,558
up €42,558 (+28.4%), from €149,858 to €192,416
mainly Net result for the year (+€38,839) and Depreciation (+€18,443)
- Tangible fixed assets -€17,113
down €17,113 (-34.4%), from €49,792 to €32,679
of which Furniture and vehicles: -€11,283
- Receivables within one year -€7,366
down €7,366 (-73.0%), from €10,085 to €2,719
of which Trade receivables: -€6,672
- Reserves +€17,800
up €17,800 (+7.8%), from €227,260 to €245,060
- Gross operating margin -€19,456
down €19,456 (-21.0%), from €92,828 to €73,372
- Taxes -€4,910
down €4,910 (-23.4%), from €20,957 to €16,047
- Financial charges -€1,035
down €1,035 (-92.6%), from €1,117 to €82
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 | €276,552 | €291,076 | +€14,524 | +5.3% |
| Fixed assets | 21/28 | €50,535 | €32,679 | -€17,857 | -35.3% |
| Intangible fixed assets | 21 | €744 | - | -€744 | |
| Tangible fixed assets | 22/27 | €49,792 | €32,679 | -€17,113 | -34.4% |
| Land and buildings | 22 | €7,479 | €2,461 | -€5,018 | -67.1% |
| Plant, machinery and equipment | 23 | €2,070 | €1,257 | -€813 | -39.3% |
| Furniture and vehicles | 24 | €40,243 | €28,961 | -€11,283 | -28.0% |
| Current assets | 29/58 | €226,016 | €258,397 | +€32,381 | +14.3% |
| Stocks and contracts in progress | 3 | €63,834 | €61,801 | -€2,033 | -3.2% |
| Stocks | 30/36 | €40,857 | €43,409 | +€2,552 | +6.2% |
| Contracts in progress | 37 | €22,977 | €18,392 | -€4,585 | -20.0% |
| Amounts receivable within one year | 40/41 | €10,085 | €2,719 | -€7,366 | -73.0% |
| Trade receivables | 40 | €7,605 | €933 | -€6,672 | -87.7% |
| Other amounts receivable | 41 | €2,480 | €1,786 | -€694 | -28.0% |
| Cash at bank and in hand | 54/58 | €149,858 | €192,416 | +€42,558 | +28.4% |
| Deferred charges and accrued income | 490/1 | €2,239 | €1,461 | -€778 | -34.7% |
| Total equity and liabilities | 10/49 | €276,552 | €291,076 | +€14,524 | +5.3% |
| Equity | 10/15 | €270,526 | €288,365 | +€17,839 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,260 | €245,060 | +€17,800 | +7.8% |
| Distributable reserves | 133 | €227,260 | €245,060 | +€17,800 | +7.8% |
| Profit (loss) carried forward | 14 | €30,866 | €30,905 | +€39 | +0.1% |
| Amounts payable | 17/49 | €6,026 | €2,711 | -€3,315 | -55.0% |
| Amounts payable within one year | 42/48 | €6,026 | €2,711 | -€3,315 | -55.0% |
| Trade debts | 44 | €3,780 | €1,504 | -€2,276 | -60.2% |
| Suppliers | 440/4 | €3,780 | €1,504 | -€2,276 | -60.2% |
| Taxes, remuneration and social security | 45 | €2,086 | €1,047 | -€1,039 | -49.8% |
| Taxes | 450/3 | €2,086 | €1,047 | -€1,039 | -49.8% |
| Other amounts payable | 47/48 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,296 | €18,443 | +€147 | +0.8% |
| Gross operating margin | 9900 | €92,828 | €73,372 | -€19,456 | -21.0% |
| Operating profit (loss) | 9901 | €74,532 | €54,929 | -€19,603 | -26.3% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €1,117 | €82 | -€1,035 | -92.6% |
| Recurring financial charges | 65 | €1,117 | €82 | -€1,035 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €73,415 | €54,886 | -€18,530 | -25.2% |
| Income taxes | 67/77 | €20,957 | €16,047 | -€4,910 | -23.4% |
| Profit (loss) for the period | 9904 | €52,458 | €38,839 | -€13,619 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,458 | €38,839 | -€13,619 | -26.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.