C.O.P.S.: 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.
C.O.P.S.
Largest movements
- Cash +€46,510
up €46,510 (+177%), from €26,241 to €72,751
mainly Other debts (+€48,867) and Depreciation (+€15,295)
- Intangible fixed assets -€4,500
no longer reported in 2025 (was €4,500)
- Receivables within one year +€2,303
up €2,303 (+19.4%), from €11,860 to €14,162
of which Trade receivables: +€1,633
- Other debts +€48,867
up €48,867 (+33.6%), from €145,357 to €194,224
- Profit (loss) carried forward -€9,466
down €9,466 (-10.5%), from -€90,502 to -€99,968
- Tax, wage and social debts +€4,837
up €4,837 (+43.5%), from €11,112 to €15,950
- Depreciation +€6,049
up €6,049 (+65.4%), from €9,246 to €15,295
- Other operating charges +€1,406
up €1,406 (+231%), from €609 to €2,015
- Staff costs +€819
up €819 (+10.4%), from €7,874 to €8,693
- Financial charges +€635
up €635 (+243%), from €261 to €896
- Gross operating margin +€236
up €236 (+1.4%), from €17,137 to €17,373
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 | €83,181 | €126,426 | +€43,245 | +52.0% |
| Fixed assets | 21/28 | €42,450 | €37,154 | -€5,295 | -12.5% |
| Intangible fixed assets | 21 | €4,500 | - | -€4,500 | |
| Tangible fixed assets | 22/27 | €37,950 | €37,154 | -€795 | -2.1% |
| Plant, machinery and equipment | 23 | €4,624 | €10,615 | +€5,992 | +130% |
| Furniture and vehicles | 24 | €31,534 | €25,177 | -€6,357 | -20.2% |
| Other tangible fixed assets | 26 | €1,792 | €1,362 | -€430 | -24.0% |
| Current assets | 29/58 | €40,731 | €89,272 | +€48,540 | +119% |
| Amounts receivable within one year | 40/41 | €11,860 | €14,162 | +€2,303 | +19.4% |
| Trade receivables | 40 | €10,000 | €11,633 | +€1,633 | +16.3% |
| Other amounts receivable | 41 | €1,860 | €2,529 | +€670 | +36.0% |
| Cash at bank and in hand | 54/58 | €26,241 | €72,751 | +€46,510 | +177% |
| Deferred charges and accrued income | 490/1 | €2,631 | €2,358 | -€272 | -10.4% |
| Total equity and liabilities | 10/49 | €83,181 | €126,426 | +€43,245 | +52.0% |
| Equity | 10/15 | -€74,309 | -€83,775 | -€9,466 | -12.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €9,988 | €9,988 | = | 0.0% |
| Distributable reserves | 133 | €9,988 | €9,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,502 | -€99,968 | -€9,466 | -10.5% |
| Amounts payable | 17/49 | €157,490 | €210,201 | +€52,711 | +33.5% |
| Amounts payable within one year | 42/48 | €157,490 | €210,201 | +€52,711 | +33.5% |
| Trade debts | 44 | €1,021 | €28 | -€993 | -97.3% |
| Suppliers | 440/4 | €1,021 | €28 | -€993 | -97.3% |
| Taxes, remuneration and social security | 45 | €11,112 | €15,950 | +€4,837 | +43.5% |
| Taxes | 450/3 | €11,112 | €15,950 | +€4,837 | +43.5% |
| Other amounts payable | 47/48 | €145,357 | €194,224 | +€48,867 | +33.6% |
| Remuneration, social security and pensions | 62 | €7,874 | €8,693 | +€819 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,246 | €15,295 | +€6,049 | +65.4% |
| Other operating charges | 640/8 | €609 | €2,015 | +€1,406 | +231% |
| Gross operating margin | 9900 | €17,137 | €17,373 | +€236 | +1.4% |
| Operating profit (loss) | 9901 | -€591 | -€8,630 | -€8,039 | -1,359% |
| Financial income | 75/76B | €0 | €60 | +€60 | +75,263% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +75,263% |
| Financial charges | 65/66B | €261 | €896 | +€635 | +243% |
| Recurring financial charges | 65 | €261 | €896 | +€635 | +243% |
| Profit (loss) for the period before taxes | 9903 | -€853 | -€9,466 | -€8,613 | -1,010% |
| Profit (loss) for the period | 9904 | -€853 | -€9,466 | -€8,613 | -1,010% |
| Profit (loss) for the period to be appropriated | 9905 | -€853 | -€9,466 | -€8,613 | -1,010% |
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 28 October 2026 via checked.be.