KUPPER: 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.
What changed
KUPPER
NACE 46.349, Wholesale of beverages, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€304,594
2024 · €291,314+€13,280
Equity
€2.2m
2024 · €2.0m+€198,864
Cash
€148,144
2024 · €40,543+€107,601
Balance sheet total
€9.0m
2024 · €8.1m+€845,485
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+74.6%), from €1.5m to €2.7m
- Receivables within one year -€375,198
down €375,198 (-20.4%), from €1.8m to €1.5m
of which Other amounts receivable: -€602,611
- Cash +€107,601
up €107,601 (+265.4%), from €40,543 to €148,144
mainly Depreciation (+€469,976) and Receivables within one year (+€375,198)
Equity and liabilities
- Short-term financial debts +€358,500
up €358,500 (+27.2%), from €1.3m to €1.7m
- Debts after one year +€235,303
up €235,303 (+8.2%), from €2.9m to €3.1m
of which Financial debts: +€141,711
- Reserves +€225,647
up €225,647 (+12.0%), from €1.9m to €2.1m
of which Distributable reserves: +€225,647
- Tax, wage and social debts -€142,799
down €142,799 (-29.7%), from €480,228 to €337,430
of which Taxes: -€148,416
- Trade debts +€123,849
up €123,849 (+15.2%), from €814,256 to €938,105
of which Suppliers: +€124,181
Income statement
- Goods and materials -€447,886
down €447,886 (-5.3%), from €8.5m to €8.0m
of which Change in stocks: decrease (increase): -€628,483
- Turnover -€390,407
down €390,407 (-3.4%), from €11.6m to €11.2m
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.
Result 2024
€291,314
Turnover
-€390,407
Other operating income
+€46,650
Goods and materials
+€447,886
Services and other goods
-€32,780
Staff costs
-€23,719
Depreciation
+€80,097
Write-downs
-€16,644
Other operating charges
-€10,257
Financial income
-€49,539
Financial charges
-€20,053
Taxes
-€17,954
Result 2025
€304,594
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.
From operations
+€7,801
Investment
-€461,008
Financing
+€560,809
Cash 2024
€40,543
From operations (derived)
+€7,801
Net result for the year
+€304,594
Depreciation
+€469,976
Stocks and contracts
-€1.1m
Receivables within one year
+€375,198
Deferred charges and accrued income
+€10,709
Trade debts
+€123,849
Tax, wage and social debts
-€142,799
Accrued charges and deferred income
-€968
Investment (derived)
-€461,008
Investment in fixed assets (net)
-€461,008
Financing
+€560,809
Debts after one year
+€235,303
Current portion of long-term debt
+€72,735
Short-term financial debts
+€358,500
Contributions, distributions and other
-€105,730
Cash 2025
€148,144
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,119,834 | €8,965,319 | +€845,485 | +10.4% |
| Fixed assets | 21/28 | €4,707,559 | €4,698,591 | -€8,968 | -0.2% |
| Intangible fixed assets | 21 | €54,549 | €42,049 | -€12,500 | -22.9% |
| Tangible fixed assets | 22/27 | €3,477,409 | €3,470,941 | -€6,468 | -0.2% |
| Land and buildings | 22 | €2,624,351 | €2,776,269 | +€151,918 | +5.8% |
| Plant, machinery and equipment | 23 | €369,845 | €325,447 | -€44,398 | -12.0% |
| Furniture and vehicles | 24 | €298,875 | €229,676 | -€69,199 | -23.2% |
| Leasing and similar rights | 25 | €184,338 | €139,550 | -€44,788 | -24.3% |
| Financial fixed assets | 28 | €1,175,600 | €1,185,600 | +€10,000 | +0.9% |
| Other financial fixed assets | 284/8 | €1,175,600 | €1,185,600 | +€10,000 | +0.9% |
| Shares | 284 | €1,172,290 | €1,182,290 | +€10,000 | +0.9% |
| Amounts receivable and cash guarantees | 285/8 | €3,310 | €3,310 | = | 0.0% |
| Current assets | 29/58 | €3,412,275 | €4,266,728 | +€854,453 | +25.0% |
| Stocks and contracts in progress | 3 | €1,518,081 | €2,650,839 | +€1.1m | +74.6% |
| Stocks | 30/36 | €1,518,081 | €2,650,839 | +€1.1m | +74.6% |
| Raw materials and consumables | 30/31 | - | €700,987 | +€700,987 | |
| Goods purchased for resale | 34 | €1,518,081 | €1,949,852 | +€431,771 | +28.4% |
| Amounts receivable within one year | 40/41 | €1,837,815 | €1,462,617 | -€375,198 | -20.4% |
| Trade receivables | 40 | €967,124 | €1,194,538 | +€227,414 | +23.5% |
| Other amounts receivable | 41 | €870,690 | €268,079 | -€602,611 | -69.2% |
| Cash at bank and in hand | 54/58 | €40,543 | €148,144 | +€107,601 | +265.4% |
| Deferred charges and accrued income | 490/1 | €15,836 | €5,128 | -€10,709 | -67.6% |
| Total equity and liabilities | 10/49 | €8,119,834 | €8,965,319 | +€845,485 | +10.4% |
| Equity | 10/15 | €2,040,155 | €2,239,019 | +€198,864 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,884,384 | €2,110,031 | +€225,647 | +12.0% |
| Tax-exempt reserves | 132 | €67,235 | €67,235 | = | 0.0% |
| Distributable reserves | 133 | €1,817,149 | €2,042,796 | +€225,647 | +12.4% |
| Investment grants | 15 | €137,171 | €110,388 | -€26,782 | -19.5% |
| Amounts payable | 17/49 | €6,079,679 | €6,726,300 | +€646,621 | +10.6% |
| Amounts payable after more than one year | 17 | €2,860,227 | €3,095,530 | +€235,303 | +8.2% |
| Financial debts | 170/4 | €2,807,329 | €2,949,040 | +€141,711 | +5.0% |
| Leasing and similar obligations | 172 | €107,500 | €60,004 | -€47,496 | -44.2% |
| Credit institutions | 173 | €2,699,830 | €2,889,037 | +€189,207 | +7.0% |
| Other amounts payable | 178/9 | €52,897 | €146,489 | +€93,592 | +176.9% |
| Amounts payable within one year | 42/48 | €3,218,485 | €3,630,770 | +€412,285 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €604,000 | €676,735 | +€72,735 | +12.0% |
| Financial debts | 43 | €1,320,000 | €1,678,500 | +€358,500 | +27.2% |
| Credit institutions | 430/8 | €1,320,000 | €1,678,500 | +€358,500 | +27.2% |
| Trade debts | 44 | €814,256 | €938,105 | +€123,849 | +15.2% |
| Suppliers | 440/4 | €806,251 | €930,432 | +€124,181 | +15.4% |
| Bills of exchange payable | 441 | €8,005 | €7,673 | -€332 | -4.1% |
| Taxes, remuneration and social security | 45 | €480,228 | €337,430 | -€142,799 | -29.7% |
| Taxes | 450/3 | €217,235 | €68,819 | -€148,416 | -68.3% |
| Remuneration and social security | 454/9 | €262,993 | €268,611 | +€5,618 | +2.1% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Operating income | 70/76A | €11,695,555 | €11,351,798 | -€343,757 | -2.9% |
| Turnover | 70 | €11,621,358 | €11,230,951 | -€390,407 | -3.4% |
| Other operating income | 74 | €74,197 | €120,847 | +€46,650 | +62.9% |
| Operating charges | 60/66A | €11,254,456 | €10,809,873 | -€444,583 | -4.0% |
| Goods for resale, raw materials and consumables | 60 | €8,450,207 | €8,002,321 | -€447,886 | -5.3% |
| Purchases | 600/8 | €8,253,495 | €8,434,092 | +€180,596 | +2.2% |
| Change in stocks: decrease (increase) | 609 | €196,712 | -€431,771 | -€628,483 | |
| Services and other goods | 61 | €738,917 | €771,697 | +€32,780 | +4.4% |
| Remuneration, social security and pensions | 62 | €1,454,326 | €1,478,045 | +€23,719 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550,073 | €469,976 | -€80,097 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,644 | +€16,644 | |
| Other operating charges | 640/8 | €60,933 | €71,190 | +€10,257 | +16.8% |
| Operating profit (loss) | 9901 | €441,099 | €541,925 | +€100,827 | +22.9% |
| Financial income | 75/76B | €116,664 | €67,125 | -€49,539 | -42.5% |
| Recurring financial income | 75 | €116,664 | €67,125 | -€49,539 | -42.5% |
| Income from financial fixed assets | 750 | €1,060 | €0 | -€1,060 | -100.0% |
| Income from current assets | 751 | €466 | €85 | -€381 | -81.8% |
| Other financial income | 752/9 | €115,139 | €67,040 | -€48,098 | -41.8% |
| Financial charges | 65/66B | €175,568 | €195,621 | +€20,053 | +11.4% |
| Recurring financial charges | 65 | €175,568 | €195,621 | +€20,053 | +11.4% |
| Debt charges | 650 | €172,740 | €194,336 | +€21,595 | +12.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €2,827 | €1,285 | -€1,542 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €382,196 | €413,430 | +€31,235 | +8.2% |
| Income taxes | 67/77 | €90,882 | €108,836 | +€17,954 | +19.8% |
| Taxes | 670/3 | €91,932 | €109,099 | +€17,167 | +18.7% |
| Tax adjustments and reversals of tax provisions | 77 | €1,050 | €263 | -€788 | -75.0% |
| Profit (loss) for the period | 9904 | €291,314 | €304,594 | +€13,280 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €291,314 | €304,594 | +€13,280 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.