Tom 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.
Tom Kuppens
Largest movements
- Receivables within one year -€17,666
down €17,666 (-82.7%), from €21,370 to €3,704
of which Trade receivables: -€17,400
- Deferred charges and accrued income +€6,816
up €6,816 (+77.8%), from €8,760 to €15,576
- Financial fixed assets -€5,500
down €5,500 (-33.1%), from €16,595 to €11,095
- Cash +€3,957
up €3,957 (+124.6%), from €3,175 to €7,132
mainly Net result for the year (+€26,672) and Receivables within one year (+€17,666)
- Tangible fixed assets -€1,538
down €1,538 (-33.1%), from €4,643 to €3,105
of which Furniture and vehicles: -€2,788
- Trade debts -€31,594
down €31,594 (-96.7%), from €32,659 to €1,065
- Profit (loss) carried forward +€26,672
up €26,672, from -€3,767 to €22,904
- Accrued charges and deferred income -€17,030
no longer reported in 2025 (was €17,030)
- Other debts +€14,750
up €14,750 (+273.4%), from €5,396 to €20,146
- Tax, wage and social debts -€6,728
down €6,728 (-31.0%), from €21,683 to €14,955
- Gross operating margin +€51,670
up €51,670, from -€4,240 to €47,430
- Taxes +€9,168
new in 2025: €9,168
- Depreciation +€1,250
up €1,250 (+44.8%), from €2,788 to €4,038
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,001 | €62,071 | -€13,930 | -18.3% |
| Fixed assets | 21/28 | €21,238 | €14,200 | -€7,038 | -33.1% |
| Tangible fixed assets | 22/27 | €4,643 | €3,105 | -€1,538 | -33.1% |
| Plant, machinery and equipment | 23 | - | €1,250 | +€1,250 | |
| Furniture and vehicles | 24 | €4,643 | €1,855 | -€2,788 | -60.0% |
| Financial fixed assets | 28 | €16,595 | €11,095 | -€5,500 | -33.1% |
| Current assets | 29/58 | €54,763 | €47,871 | -€6,892 | -12.6% |
| Stocks and contracts in progress | 3 | €21,458 | €21,458 | = | 0.0% |
| Stocks | 30/36 | €21,458 | €21,458 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,370 | €3,704 | -€17,666 | -82.7% |
| Trade receivables | 40 | €17,400 | - | -€17,400 | |
| Other amounts receivable | 41 | €3,970 | €3,704 | -€266 | -6.7% |
| Cash at bank and in hand | 54/58 | €3,175 | €7,132 | +€3,957 | +124.6% |
| Deferred charges and accrued income | 490/1 | €8,760 | €15,576 | +€6,816 | +77.8% |
| Total equity and liabilities | 10/49 | €76,001 | €62,071 | -€13,930 | -18.3% |
| Equity | 10/15 | -€767 | €25,904 | +€26,672 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,767 | €22,904 | +€26,672 | |
| Amounts payable | 17/49 | €76,768 | €36,166 | -€40,602 | -52.9% |
| Amounts payable within one year | 42/48 | €59,738 | €36,166 | -€23,572 | -39.5% |
| Trade debts | 44 | €32,659 | €1,065 | -€31,594 | -96.7% |
| Suppliers | 440/4 | €32,659 | €1,065 | -€31,594 | -96.7% |
| Taxes, remuneration and social security | 45 | €21,683 | €14,955 | -€6,728 | -31.0% |
| Taxes | 450/3 | €21,683 | €14,955 | -€6,728 | -31.0% |
| Other amounts payable | 47/48 | €5,396 | €20,146 | +€14,750 | +273.4% |
| Accrued charges and deferred income | 492/3 | €17,030 | - | -€17,030 | |
| Remuneration, social security and pensions | 62 | - | €230 | +€230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,788 | €4,038 | +€1,250 | +44.8% |
| Other operating charges | 640/8 | €1,356 | €1,697 | +€341 | +25.1% |
| Gross operating margin | 9900 | -€4,240 | €47,430 | +€51,670 | |
| Operating profit (loss) | 9901 | -€8,384 | €41,465 | +€49,849 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €5,599 | €5,625 | +€26 | +0.5% |
| Recurring financial charges | 65 | €99 | €125 | +€26 | +26.3% |
| Non-recurring financial charges | 66B | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,979 | €35,840 | +€49,820 | |
| Income taxes | 67/77 | - | €9,168 | +€9,168 | |
| Profit (loss) for the period | 9904 | -€13,979 | €26,672 | +€40,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,979 | €26,672 | +€40,651 |
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 10 October 2026 via checked.be.