BRUNO COPPENS: 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.
BRUNO COPPENS
Largest movements
- Cash +€4,231
up €4,231 (+176%), from €2,403 to €6,633
mainly Other debts (+€7,538) and Deferred charges and accrued income (+€19)
- Other debts +€7,538
up €7,538 (+1.9%), from €403,412 to €410,950
- Gross operating margin -€4,419
down €4,419 (-88.0%), from €5,019 to €601
- Financial charges -€135
down €135 (-9.4%), from €1,432 to €1,297
- Depreciation -€77
no longer reported in 2025 (was €77)
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 | €312,935 | €317,970 | +€5,035 | +1.6% |
| Current assets | 29/58 | €312,935 | €317,970 | +€5,035 | +1.6% |
| Stocks and contracts in progress | 3 | €309,654 | €310,478 | +€823 | +0.3% |
| Stocks | 30/36 | €309,654 | €310,478 | +€823 | +0.3% |
| Cash at bank and in hand | 54/58 | €2,403 | €6,633 | +€4,231 | +176% |
| Deferred charges and accrued income | 490/1 | €878 | €859 | -€19 | -2.1% |
| Total equity and liabilities | 10/49 | €312,935 | €317,970 | +€5,035 | +1.6% |
| Equity | 10/15 | -€116,674 | -€118,223 | -€1,549 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,125 | -€138,674 | -€1,549 | -1.1% |
| Amounts payable | 17/49 | €429,609 | €436,193 | +€6,584 | +1.5% |
| Amounts payable within one year | 42/48 | €429,609 | €436,193 | +€6,584 | +1.5% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €2,004 | €1,896 | -€108 | -5.4% |
| Suppliers | 440/4 | €2,004 | €1,896 | -€108 | -5.4% |
| Taxes, remuneration and social security | 45 | €4,192 | €3,346 | -€846 | -20.2% |
| Taxes | 450/3 | €4,192 | €3,346 | -€846 | -20.2% |
| Other amounts payable | 47/48 | €403,412 | €410,950 | +€7,538 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | - | -€77 | |
| Other operating charges | 640/8 | €823 | €853 | +€30 | +3.7% |
| Gross operating margin | 9900 | €5,019 | €601 | -€4,419 | -88.0% |
| Operating profit (loss) | 9901 | €4,120 | -€252 | -€4,372 | |
| Financial charges | 65/66B | €1,432 | €1,297 | -€135 | -9.4% |
| Recurring financial charges | 65 | €1,432 | €1,297 | -€135 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €2,688 | -€1,549 | -€4,237 | |
| Profit (loss) for the period | 9904 | €2,688 | -€1,549 | -€4,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,688 | -€1,549 | -€4,237 |
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.