Kuppens Management: what changed
Kuppens Management
Largest movements
- Cash +€23,045
up €23,045 (+126%), from €18,304 to €41,349
mainly Net result for the year (+€25,788) and Depreciation (+€13,961)
- Receivables within one year +€4,215
up €4,215 (+34.8%), from €12,100 to €16,315
of which Trade receivables: +€2,420
- Tangible fixed assets +€4,084
up €4,084 (+7.8%), from €52,443 to €56,527
- Reserves +€25,788
up €25,788 (+83.0%), from €31,082 to €56,870
- Current portion of long-term debt +€4,095
up €4,095 (+41.3%), from €9,913 to €14,008
- Debts after one year +€1,575
up €1,575 (+4.3%), from €36,766 to €38,340
- Gross operating margin +€14,826
up €14,826 (+41.7%), from €35,520 to €50,346
- Depreciation +€6,883
up €6,883 (+97.3%), from €7,077 to €13,961
- Taxes +€1,865
up €1,865 (+34.7%), from €5,379 to €7,244
- Financial charges +€903
up €903 (+50.7%), from €1,782 to €2,686
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,906 | €114,316 | +€31,410 | +37.9% |
| Fixed assets | 21/28 | €52,443 | €56,527 | +€4,084 | +7.8% |
| Tangible fixed assets | 22/27 | €52,443 | €56,527 | +€4,084 | +7.8% |
| Leasing and similar rights | 25 | €52,443 | €56,527 | +€4,084 | +7.8% |
| Current assets | 29/58 | €30,463 | €57,789 | +€27,326 | +89.7% |
| Amounts receivable within one year | 40/41 | €12,100 | €16,315 | +€4,215 | +34.8% |
| Trade receivables | 40 | €12,100 | €14,520 | +€2,420 | +20.0% |
| Other amounts receivable | 41 | €0 | €1,795 | +€1,795 | |
| Cash at bank and in hand | 54/58 | €18,304 | €41,349 | +€23,045 | +126% |
| Deferred charges and accrued income | 490/1 | €59 | €125 | +€66 | +111% |
| Total equity and liabilities | 10/49 | €82,906 | €114,316 | +€31,410 | +37.9% |
| Equity | 10/15 | €34,082 | €59,870 | +€25,788 | +75.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,082 | €56,870 | +€25,788 | +83.0% |
| Distributable reserves | 133 | €31,082 | €56,870 | +€25,788 | +83.0% |
| Amounts payable | 17/49 | €48,824 | €54,446 | +€5,621 | +11.5% |
| Amounts payable after more than one year | 17 | €36,766 | €38,340 | +€1,575 | +4.3% |
| Financial debts | 170/4 | €36,766 | €38,340 | +€1,575 | +4.3% |
| Amounts payable within one year | 42/48 | €12,059 | €16,105 | +€4,047 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €9,913 | €14,008 | +€4,095 | +41.3% |
| Trade debts | 44 | €346 | €589 | +€244 | +70.6% |
| Suppliers | 440/4 | €346 | €589 | +€244 | +70.6% |
| Taxes, remuneration and social security | 45 | €1,800 | €1,508 | -€292 | -16.2% |
| Taxes | 450/3 | €1,800 | €1,508 | -€292 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,077 | €13,961 | +€6,883 | +97.3% |
| Other operating charges | 640/8 | €451 | €668 | +€217 | +48.2% |
| Gross operating margin | 9900 | €35,520 | €50,346 | +€14,826 | +41.7% |
| Operating profit (loss) | 9901 | €27,992 | €35,718 | +€7,726 | +27.6% |
| Financial charges | 65/66B | €1,782 | €2,686 | +€903 | +50.7% |
| Recurring financial charges | 65 | €1,782 | €2,686 | +€903 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €26,209 | €33,032 | +€6,823 | +26.0% |
| Income taxes | 67/77 | €5,379 | €7,244 | +€1,865 | +34.7% |
| Profit (loss) for the period | 9904 | €20,831 | €25,788 | +€4,957 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,831 | €25,788 | +€4,957 | +23.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.