KURPELEC: 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.
KURPELEC
Largest movements
- Tangible fixed assets +€85,528
up €85,528 (+64.8%), from €132,024 to €217,553
of which Furniture and vehicles: +€85,702
- Receivables within one year -€67,324
down €67,324 (-53.9%), from €124,800 to €57,476
of which Trade receivables: -€62,425
- Cash +€9,910
up €9,910 (+25.1%), from €39,407 to €49,317
mainly Receivables within one year (+€67,324) and Net result for the year (+€43,693)
- Deferred charges and accrued income -€5,021
down €5,021 (-41.7%), from €12,033 to €7,013
- Reserves +€34,000
up €34,000 (+23.2%), from €146,238 to €180,238
of which Distributable reserves: +€34,000
- Profit (loss) carried forward -€10,307
down €10,307 (-10.5%), from €97,818 to €87,512
- Depreciation +€21,368
up €21,368 (+174%), from €12,266 to €33,634
- Gross operating margin +€8,795
up €8,795 (+7.3%), from €120,472 to €129,267
- Taxes +€7,022
up €7,022 (+20.7%), from €34,001 to €41,023
- Other operating charges +€6,210
up €6,210 (+395%), from €1,571 to €7,782
- Financial income -€1,776
down €1,776 (-99.9%), from €1,778 to €2
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 | €308,264 | €331,358 | +€23,093 | +7.5% |
| Fixed assets | 21/28 | €132,024 | €217,553 | +€85,528 | +64.8% |
| Tangible fixed assets | 22/27 | €132,024 | €217,553 | +€85,528 | +64.8% |
| Plant, machinery and equipment | 23 | €2,677 | €2,503 | -€174 | -6.5% |
| Furniture and vehicles | 24 | €129,348 | €215,050 | +€85,702 | +66.3% |
| Current assets | 29/58 | €176,240 | €113,805 | -€62,435 | -35.4% |
| Amounts receivable within one year | 40/41 | €124,800 | €57,476 | -€67,324 | -53.9% |
| Trade receivables | 40 | €99,876 | €37,452 | -€62,425 | -62.5% |
| Other amounts receivable | 41 | €24,923 | €20,024 | -€4,900 | -19.7% |
| Cash at bank and in hand | 54/58 | €39,407 | €49,317 | +€9,910 | +25.1% |
| Deferred charges and accrued income | 490/1 | €12,033 | €7,013 | -€5,021 | -41.7% |
| Total equity and liabilities | 10/49 | €308,264 | €331,358 | +€23,093 | +7.5% |
| Equity | 10/15 | €264,516 | €288,210 | +€23,693 | +9.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €146,238 | €180,238 | +€34,000 | +23.2% |
| Tax-exempt reserves | 132 | €27,238 | €27,238 | = | 0.0% |
| Distributable reserves | 133 | €119,000 | €153,000 | +€34,000 | +28.6% |
| Profit (loss) carried forward | 14 | €97,818 | €87,512 | -€10,307 | -10.5% |
| Amounts payable | 17/49 | €43,748 | €43,148 | -€600 | -1.4% |
| Amounts payable within one year | 42/48 | €43,748 | €43,148 | -€600 | -1.4% |
| Trade debts | 44 | €16,195 | €15,847 | -€348 | -2.1% |
| Suppliers | 440/4 | €16,195 | €15,847 | -€348 | -2.1% |
| Taxes, remuneration and social security | 45 | €7,553 | €7,301 | -€252 | -3.3% |
| Taxes | 450/3 | €7,553 | €1 | -€7,552 | -100.0% |
| Remuneration and social security | 454/9 | - | €7,300 | +€7,300 | |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,100 | +€13,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,266 | €33,634 | +€21,368 | +174% |
| Other operating charges | 640/8 | €1,571 | €7,782 | +€6,210 | +395% |
| Gross operating margin | 9900 | €120,472 | €129,267 | +€8,795 | +7.3% |
| Operating profit (loss) | 9901 | €106,634 | €87,852 | -€18,783 | -17.6% |
| Financial income | 75/76B | €1,778 | €2 | -€1,776 | -99.9% |
| Recurring financial income | 75 | €1,778 | €2 | -€1,776 | -99.9% |
| Financial charges | 65/66B | €2,063 | €3,137 | +€1,075 | +52.1% |
| Recurring financial charges | 65 | €2,063 | €3,137 | +€1,075 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €106,349 | €84,716 | -€21,633 | -20.3% |
| Income taxes | 67/77 | €34,001 | €41,023 | +€7,022 | +20.7% |
| Profit (loss) for the period | 9904 | €72,348 | €43,693 | -€28,654 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,348 | €43,693 | -€28,654 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.