BICOPA: 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.
BICOPA
Largest movements
- Receivables after one year -€2,210
down €2,210 (-5.6%), from €39,748 to €37,538
- Deferred charges and accrued income +€1,769
new in 2025: €1,769
- Receivables within one year -€676
down €676 (-12.1%), from €5,565 to €4,889
of which Trade receivables: -€793
- Short-term financial debts -€3,856
down €3,856 (-92.1%), from €4,187 to €330
- Tax, wage and social debts +€2,226
up €2,226 (+34.7%), from €6,421 to €8,647
of which Taxes: +€3,756
- Trade debts -€1,586
down €1,586 (-28.6%), from €5,547 to €3,961
- Advances received +€1,500
new in 2025: €1,500
- Profit (loss) carried forward +€947
up €947 (+11.5%), from €8,218 to €9,165
- Gross operating margin +€16,863
up €16,863, from -€14,658 to €2,205
- Write-downs -€3,127
no longer reported in 2025 (was €3,127)
- Taxes +€446
up €446, from -€387 to €59
- Other operating charges -€286
down €286 (-21.4%), from €1,333 to €1,047
- Staff costs -€168
down €168 (-22.7%), from €739 to €571
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 | €45,556 | €44,440 | -€1,116 | -2.4% |
| Fixed assets | 21/28 | €213 | €213 | = | 0.0% |
| Tangible fixed assets | 22/27 | €213 | €213 | = | 0.0% |
| Land and buildings | 22 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €45,343 | €44,227 | -€1,116 | -2.5% |
| Amounts receivable after more than one year | 29 | €39,748 | €37,538 | -€2,210 | -5.6% |
| Other amounts receivable | 291 | €39,748 | €37,538 | -€2,210 | -5.6% |
| Amounts receivable within one year | 40/41 | €5,565 | €4,889 | -€676 | -12.1% |
| Trade receivables | 40 | €3,496 | €2,704 | -€793 | -22.7% |
| Other amounts receivable | 41 | €2,068 | €2,185 | +€117 | +5.7% |
| Cash at bank and in hand | 54/58 | €31 | €31 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €1,769 | +€1,769 | |
| Total equity and liabilities | 10/49 | €45,556 | €44,440 | -€1,116 | -2.4% |
| Equity | 10/15 | €28,623 | €29,570 | +€947 | +3.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Share premium | 1100/10 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,218 | €9,165 | +€947 | +11.5% |
| Amounts payable | 17/49 | €16,933 | €14,870 | -€2,063 | -12.2% |
| Amounts payable within one year | 42/48 | €16,154 | €14,438 | -€1,716 | -10.6% |
| Financial debts | 43 | €4,187 | €330 | -€3,856 | -92.1% |
| Credit institutions | 430/8 | €4,187 | €330 | -€3,856 | -92.1% |
| Trade debts | 44 | €5,547 | €3,961 | -€1,586 | -28.6% |
| Suppliers | 440/4 | €5,547 | €3,961 | -€1,586 | -28.6% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €6,421 | €8,647 | +€2,226 | +34.7% |
| Taxes | 450/3 | €730 | €4,486 | +€3,756 | +514% |
| Remuneration and social security | 454/9 | €5,690 | €4,161 | -€1,530 | -26.9% |
| Accrued charges and deferred income | 492/3 | €778 | €432 | -€347 | -44.6% |
| Remuneration, social security and pensions | 62 | €739 | €571 | -€168 | -22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,127 | - | -€3,127 | |
| Other operating charges | 640/8 | €1,333 | €1,047 | -€286 | -21.4% |
| Gross operating margin | 9900 | -€14,658 | €2,205 | +€16,863 | |
| Operating profit (loss) | 9901 | -€19,857 | €587 | +€20,444 | |
| Financial income | 75/76B | €1,068 | €1,178 | +€110 | +10.3% |
| Recurring financial income | 75 | €1,068 | €1,178 | +€110 | +10.3% |
| Financial charges | 65/66B | €862 | €759 | -€103 | -12.0% |
| Recurring financial charges | 65 | €862 | €759 | -€103 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,651 | €1,006 | +€20,657 | |
| Income taxes | 67/77 | -€387 | €59 | +€446 | |
| Profit (loss) for the period | 9904 | -€19,264 | €947 | +€20,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,264 | €947 | +€20,211 |
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 14 October 2026 via checked.be.