COEPA: what changed
Two fiscal 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.
COEPA
Largest movements
- Receivables within one year +€16,227
up €16,227 (+29.1%), from €55,702 to €71,929
of which Trade receivables: +€14,257
- Cash -€4,934
down €4,934 (-35.3%), from €13,983 to €9,049
mainly Receivables within one year (-€16,227) and Net result for the year (-€9,333)
- Deferred charges and accrued income -€1,567
no longer reported in 2024 (was €1,567)
- Trade debts +€19,174
up €19,174 (+294.9%), from €6,503 to €25,677
- Profit (loss) carried forward -€9,333
down €9,333 (-8.1%), from -€115,507 to -€124,840
- Other debts -€8,000
down €8,000 (-11.5%), from €69,620 to €61,620
- Tax, wage and social debts +€6,995
up €6,995 (+12.3%), from €56,788 to €63,783
of which Remuneration and social security: +€9,806
- Gross operating margin -€57,241
down €57,241 (-63.4%), from €90,226 to €32,985
- Staff costs -€25,811
down €25,811 (-39.6%), from €65,194 to €39,383
- Financial income -€24,556
no longer reported in 2024 (was €24,556)
of which Non-recurring financial income: -€24,543
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,604 | €94,736 | +€9,132 | +10.7% |
| Fixed assets | 21/28 | €6,526 | €5,932 | -€594 | -9.1% |
| Tangible fixed assets | 22/27 | €1,836 | €1,242 | -€594 | -32.4% |
| Plant, machinery and equipment | 23 | €767 | €517 | -€250 | -32.6% |
| Furniture and vehicles | 24 | €309 | €154 | -€154 | -50.0% |
| Other tangible fixed assets | 26 | €760 | €570 | -€190 | -25.0% |
| Financial fixed assets | 28 | €4,691 | €4,691 | = | 0.0% |
| Current assets | 29/58 | €79,077 | €88,804 | +€9,726 | +12.3% |
| Stocks and contracts in progress | 3 | €7,826 | €7,826 | = | 0.0% |
| Stocks | 30/36 | €7,826 | €7,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,702 | €71,929 | +€16,227 | +29.1% |
| Trade receivables | 40 | €9,790 | €24,047 | +€14,257 | +145.6% |
| Other amounts receivable | 41 | €45,912 | €47,882 | +€1,970 | +4.3% |
| Cash at bank and in hand | 54/58 | €13,983 | €9,049 | -€4,934 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,567 | - | -€1,567 | |
| Total equity and liabilities | 10/49 | €85,604 | €94,736 | +€9,132 | +10.7% |
| Equity | 10/15 | -€47,307 | -€56,640 | -€9,333 | -19.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,507 | -€124,840 | -€9,333 | -8.1% |
| Amounts payable | 17/49 | €132,911 | €151,376 | +€18,465 | +13.9% |
| Amounts payable within one year | 42/48 | €132,911 | €151,081 | +€18,170 | +13.7% |
| Trade debts | 44 | €6,503 | €25,677 | +€19,174 | +294.9% |
| Suppliers | 440/4 | €6,503 | €25,677 | +€19,174 | +294.9% |
| Taxes, remuneration and social security | 45 | €56,788 | €63,783 | +€6,995 | +12.3% |
| Taxes | 450/3 | €51,273 | €48,462 | -€2,811 | -5.5% |
| Remuneration and social security | 454/9 | €5,515 | €15,321 | +€9,806 | +177.8% |
| Other amounts payable | 47/48 | €69,620 | €61,620 | -€8,000 | -11.5% |
| Accrued charges and deferred income | 492/3 | €0 | €295 | +€295 | |
| Remuneration, social security and pensions | 62 | €65,194 | €39,383 | -€25,811 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €594 | +€58 | +10.9% |
| Other operating charges | 640/8 | €365 | €150 | -€215 | -59.0% |
| Gross operating margin | 9900 | €90,226 | €32,985 | -€57,241 | -63.4% |
| Operating profit (loss) | 9901 | €24,131 | -€7,142 | -€31,273 | |
| Financial income | 75/76B | €24,556 | - | -€24,556 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Non-recurring financial income | 76B | €24,543 | - | -€24,543 | |
| Financial charges | 65/66B | €2,600 | €2,191 | -€409 | -15.7% |
| Recurring financial charges | 65 | €2,600 | €2,191 | -€409 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €46,087 | -€9,333 | -€55,420 | |
| Profit (loss) for the period | 9904 | €46,087 | -€9,333 | -€55,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,087 | -€9,333 | -€55,420 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.