KUYPS: 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.
KUYPS
Largest movements
- Tangible fixed assets +€392,814
up €392,814 (+27.2%), from €1.4m to €1.8m
of which Leasing and similar rights: +€1.8m
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Receivables within one year -€66,641
down €66,641 (-31.1%), from €214,417 to €147,776
of which Other amounts receivable: -€211,874
- Debts after one year +€1.4m
up €1.4m (+1,241%), from €112,520 to €1.5m
- Short-term financial debts -€1.4m
down €1.4m (-99.4%), from €1.4m to €8,415
- Other debts +€324,867
up €324,867, from €0 to €324,867
- Current portion of long-term debt +€125,382
up €125,382 (+559%), from €22,443 to €147,825
- Reserves -€45,257
down €45,257 (-12.3%), from €367,337 to €322,080
- Gross operating margin +€368,644
up €368,644 (+72.6%), from €507,554 to €876,198
- Taxes +€69,236
up €69,236 (+99.1%), from €69,900 to €139,137
- Staff costs +€50,317
up €50,317 (+25.3%), from €199,196 to €249,513
- Depreciation +€29,260
up €29,260 (+125%), from €23,465 to €52,725
- Financial charges +€16,459
up €16,459 (+48.6%), from €33,894 to €50,354
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 | €2,082,478 | €2,498,905 | +€416,426 | +20.0% |
| Fixed assets | 21/28 | €1,442,077 | €1,834,892 | +€392,814 | +27.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,441,877 | €1,834,692 | +€392,814 | +27.2% |
| Land and buildings | 22 | €1,406,626 | €0 | -€1.4m | -100% |
| Plant, machinery and equipment | 23 | €4,406 | €1,980 | -€2,427 | -55.1% |
| Furniture and vehicles | 24 | €30,845 | €36,457 | +€5,612 | +18.2% |
| Leasing and similar rights | 25 | - | €1,796,255 | +€1.8m | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €640,401 | €664,013 | +€23,612 | +3.7% |
| Amounts receivable within one year | 40/41 | €214,417 | €147,776 | -€66,641 | -31.1% |
| Trade receivables | 40 | €0 | €145,233 | +€145,233 | |
| Other amounts receivable | 41 | €214,417 | €2,543 | -€211,874 | -98.8% |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €400,111 | €384,380 | -€15,732 | -3.9% |
| Deferred charges and accrued income | 490/1 | €25,873 | €31,857 | +€5,984 | +23.1% |
| Total equity and liabilities | 10/49 | €2,082,478 | €2,498,905 | +€416,426 | +20.0% |
| Equity | 10/15 | €385,937 | €340,680 | -€45,257 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,337 | €322,080 | -€45,257 | -12.3% |
| Distributable reserves | 133 | €367,337 | €322,080 | -€45,257 | -12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,696,541 | €2,158,224 | +€461,683 | +27.2% |
| Amounts payable after more than one year | 17 | €112,520 | €1,508,893 | +€1.4m | +1,241% |
| Financial debts | 170/4 | €112,520 | €1,508,893 | +€1.4m | +1,241% |
| Amounts payable within one year | 42/48 | €1,584,021 | €649,331 | -€934,690 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €22,443 | €147,825 | +€125,382 | +559% |
| Financial debts | 43 | €1,401,136 | €8,415 | -€1.4m | -99.4% |
| Credit institutions | 430/8 | €1,401,136 | €8,415 | -€1.4m | -99.4% |
| Trade debts | 44 | €34,505 | €8,412 | -€26,092 | -75.6% |
| Suppliers | 440/4 | €34,505 | €8,412 | -€26,092 | -75.6% |
| Taxes, remuneration and social security | 45 | €125,938 | €159,812 | +€33,874 | +26.9% |
| Taxes | 450/3 | €104,257 | €105,565 | +€1,308 | +1.3% |
| Remuneration and social security | 454/9 | €21,681 | €54,247 | +€32,566 | +150% |
| Other amounts payable | 47/48 | €0 | €324,867 | +€324,867 | |
| Non-recurring operating income | 76A | €0 | €209,002 | +€209,002 | |
| Remuneration, social security and pensions | 62 | €199,196 | €249,513 | +€50,317 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,465 | €52,725 | +€29,260 | +125% |
| Other operating charges | 640/8 | €3,259 | €4,204 | +€945 | +29.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €507,554 | €876,198 | +€368,644 | +72.6% |
| Operating profit (loss) | 9901 | €281,634 | €569,756 | +€288,122 | +102% |
| Financial income | 75/76B | €9,239 | €2,399 | -€6,840 | -74.0% |
| Recurring financial income | 75 | €9,239 | €2,399 | -€6,840 | -74.0% |
| Financial charges | 65/66B | €33,894 | €50,354 | +€16,459 | +48.6% |
| Recurring financial charges | 65 | €33,894 | €50,354 | +€16,459 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €256,978 | €521,801 | +€264,823 | +103% |
| Income taxes | 67/77 | €69,900 | €139,137 | +€69,236 | +99.1% |
| Profit (loss) for the period | 9904 | €187,078 | €382,665 | +€195,587 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €187,078 | €382,665 | +€195,587 | +105% |
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 16 October 2026 via checked.be.