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.
KUPPENS
Largest movements
- Cash -€287,186
down €287,186 (-61.0%), from €470,816 to €183,630
mainly Current investments (-€250,000) and Receivables within one year (-€68,592)
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Receivables within one year +€68,592
up €68,592 (+45.0%), from €152,385 to €220,976
of which Trade receivables: +€52,029
- Tangible fixed assets +€29,267
up €29,267 (+46.2%), from €63,401 to €92,668
of which Furniture and vehicles: +€34,222
- Reserves +€74,583
up €74,583 (+11.5%), from €650,797 to €725,380
of which Distributable reserves: +€74,583
- Tax, wage and social debts -€29,028
down €29,028 (-55.8%), from €51,988 to €22,960
of which Taxes: -€27,148
- Trade debts +€19,531
up €19,531 (+30.8%), from €63,496 to €83,028
of which Suppliers: +€19,531
- Gross operating margin -€114,285
down €114,285 (-28.4%), from €402,862 to €288,577
- Staff costs -€38,855
down €38,855 (-20.1%), from €193,435 to €154,580
- Depreciation -€25,392
down €25,392 (-52.7%), from €48,148 to €22,755
- Other operating charges -€24,764
down €24,764 (-86.1%), from €28,772 to €4,008
- Financial charges -€7,461
down €7,461 (-74.2%), from €10,056 to €2,595
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,836 | €851,687 | +€63,851 | +8.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €65,106 | €93,513 | +€28,407 | +43.6% |
| Intangible fixed assets | 21 | €899 | €12 | -€886 | -98.6% |
| Tangible fixed assets | 22/27 | €63,401 | €92,668 | +€29,267 | +46.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €22,613 | €18,299 | -€4,313 | -19.1% |
| Furniture and vehicles | 24 | €40,146 | €74,368 | +€34,222 | +85.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €642 | €0 | -€642 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €807 | €834 | +€27 | +3.3% |
| Current assets | 29/58 | €722,730 | €758,174 | +€35,444 | +4.9% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €99,529 | €100,214 | +€684 | +0.7% |
| Stocks | 30/36 | €99,529 | €100,214 | +€684 | +0.7% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €152,385 | €220,976 | +€68,592 | +45.0% |
| Trade receivables | 40 | €144,023 | €196,052 | +€52,029 | +36.1% |
| Other amounts receivable | 41 | €8,362 | €24,924 | +€16,562 | +198.1% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €470,816 | €183,630 | -€287,186 | -61.0% |
| Deferred charges and accrued income | 490/1 | €0 | €3,354 | +€3,354 | |
| Total equity and liabilities | 10/49 | €787,836 | €851,687 | +€63,851 | +8.1% |
| Equity | 10/15 | €669,347 | €743,930 | +€74,583 | +11.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €650,797 | €725,380 | +€74,583 | +11.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €617,942 | €692,525 | +€74,583 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €118,489 | €107,756 | -€10,732 | -9.1% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €118,376 | €107,756 | -€10,620 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €63,496 | €83,028 | +€19,531 | +30.8% |
| Suppliers | 440/4 | €63,496 | €83,028 | +€19,531 | +30.8% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €51,988 | €22,960 | -€29,028 | -55.8% |
| Taxes | 450/3 | €38,611 | €11,463 | -€27,148 | -70.3% |
| Remuneration and social security | 454/9 | €13,377 | €11,497 | -€1,880 | -14.1% |
| Other amounts payable | 47/48 | €2,892 | €1,769 | -€1,123 | -38.8% |
| Accrued charges and deferred income | 492/3 | €113 | €0 | -€113 | -100.0% |
| Remuneration, social security and pensions | 62 | €193,435 | €154,580 | -€38,855 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,148 | €22,755 | -€25,392 | -52.7% |
| Other operating charges | 640/8 | €28,772 | €4,008 | -€24,764 | -86.1% |
| Gross operating margin | 9900 | €402,862 | €288,577 | -€114,285 | -28.4% |
| Operating profit (loss) | 9901 | €132,508 | €107,233 | -€25,275 | -19.1% |
| Financial income | 75/76B | €3,195 | €1,533 | -€1,662 | -52.0% |
| Recurring financial income | 75 | €3,195 | €1,533 | -€1,662 | -52.0% |
| Financial charges | 65/66B | €10,056 | €2,595 | -€7,461 | -74.2% |
| Recurring financial charges | 65 | €10,056 | €2,595 | -€7,461 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €125,646 | €106,170 | -€19,476 | -15.5% |
| Income taxes | 67/77 | €38,672 | €31,587 | -€7,085 | -18.3% |
| Profit (loss) for the period | 9904 | €86,974 | €74,583 | -€12,391 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,974 | €74,583 | -€12,391 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.