COOPEOS: 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.
COOPEOS
Largest movements
- Stocks and contracts +€813,254
up €813,254 (+451%), from €180,181 to €993,435
of which Contracts in progress: +€701,799
- Receivables within one year -€399,367
down €399,367 (-20.3%), from €2.0m to €1.6m
of which Trade receivables: -€482,148
- Cash +€161,312
up €161,312 (+57.6%), from €280,082 to €441,394
mainly Receivables within one year (+€399,367) and Short-term financial debts (+€300,000)
- Tangible fixed assets -€139,501
down €139,501 (-6.5%), from €2.1m to €2.0m
of which Assets under construction and advance payments: -€378,739
- Short-term financial debts +€300,000
up €300,000 (+300%), from €100,000 to €400,000
- Investment grants +€140,560
up €140,560 (+32.6%), from €430,608 to €571,168
- Current portion of long-term debt +€68,338
up €68,338 (+28.2%), from €242,377 to €310,715
- Debts after one year -€63,260
down €63,260 (-2.8%), from €2.2m to €2.2m
- Gross operating margin +€109,757
up €109,757 (+17.5%), from €625,847 to €735,604
- Staff costs +€79,571
up €79,571 (+24.0%), from €331,249 to €410,820
- Other operating charges -€42,610
down €42,610 (-94.5%), from €45,072 to €2,462
- Depreciation +€31,480
up €31,480 (+13.3%), from €236,220 to €267,700
- Financial charges +€24,042
up €24,042 (+30.4%), from €79,183 to €103,225
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 | €5,378,736 | €5,794,170 | +€415,433 | +7.7% |
| Fixed assets | 21/28 | €2,875,176 | €2,705,343 | -€169,833 | -5.9% |
| Intangible fixed assets | 21 | €65,759 | €51,334 | -€14,425 | -21.9% |
| Tangible fixed assets | 22/27 | €2,132,758 | €1,993,257 | -€139,501 | -6.5% |
| Plant, machinery and equipment | 23 | €1,686,817 | €1,957,847 | +€271,030 | +16.1% |
| Furniture and vehicles | 24 | €67,202 | €35,410 | -€31,792 | -47.3% |
| Assets under construction and advance payments | 27 | €378,739 | - | -€378,739 | |
| Financial fixed assets | 28 | €676,659 | €660,752 | -€15,907 | -2.4% |
| Current assets | 29/58 | €2,503,560 | €3,088,827 | +€585,267 | +23.4% |
| Stocks and contracts in progress | 3 | €180,181 | €993,435 | +€813,254 | +451% |
| Stocks | 30/36 | €89,631 | €201,087 | +€111,455 | +124% |
| Contracts in progress | 37 | €90,550 | €792,349 | +€701,799 | +775% |
| Amounts receivable within one year | 40/41 | €1,967,988 | €1,568,621 | -€399,367 | -20.3% |
| Trade receivables | 40 | €1,954,639 | €1,472,491 | -€482,148 | -24.7% |
| Other amounts receivable | 41 | €13,349 | €96,130 | +€82,781 | +620% |
| Cash at bank and in hand | 54/58 | €280,082 | €441,394 | +€161,312 | +57.6% |
| Deferred charges and accrued income | 490/1 | €75,309 | €85,377 | +€10,067 | +13.4% |
| Total equity and liabilities | 10/49 | €5,378,736 | €5,794,170 | +€415,433 | +7.7% |
| Equity | 10/15 | €1,472,717 | €1,588,308 | +€115,590 | +7.8% |
| Contributions | 10/11 | €986,217 | €960,781 | -€25,436 | -2.6% |
| Reserves | 13 | €23,521 | €23,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €401 | €401 | = | 0.0% |
| Reserves not available under the articles | 1311 | €401 | €401 | = | 0.0% |
| Distributable reserves | 133 | €23,120 | €23,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,371 | €32,837 | +€467 | +1.4% |
| Investment grants | 15 | €430,608 | €571,168 | +€140,560 | +32.6% |
| Provisions and deferred taxes | 16 | €144,588 | €150,318 | +€5,730 | +4.0% |
| Provisions for liabilities and charges | 160/5 | €144,588 | €150,318 | +€5,730 | +4.0% |
| Major repairs and maintenance | 162 | €144,588 | €131,413 | -€13,174 | -9.1% |
| Environmental obligations | 163 | - | €18,904 | +€18,904 | |
| Amounts payable | 17/49 | €3,761,432 | €4,055,545 | +€294,113 | +7.8% |
| Amounts payable after more than one year | 17 | €2,242,413 | €2,179,153 | -€63,260 | -2.8% |
| Financial debts | 170/4 | €2,242,413 | €2,179,153 | -€63,260 | -2.8% |
| Amounts payable within one year | 42/48 | €1,500,132 | €1,844,693 | +€344,562 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €242,377 | €310,715 | +€68,338 | +28.2% |
| Financial debts | 43 | €100,000 | €400,000 | +€300,000 | +300% |
| Credit institutions | 430/8 | €100,000 | €400,000 | +€300,000 | +300% |
| Trade debts | 44 | €1,087,927 | €1,086,188 | -€1,739 | -0.2% |
| Suppliers | 440/4 | €1,087,927 | €1,086,188 | -€1,739 | -0.2% |
| Taxes, remuneration and social security | 45 | €66,610 | €45,091 | -€21,519 | -32.3% |
| Taxes | 450/3 | €28,584 | - | -€28,584 | |
| Remuneration and social security | 454/9 | €38,026 | €45,091 | +€7,065 | +18.6% |
| Other amounts payable | 47/48 | €3,217 | €2,699 | -€518 | -16.1% |
| Accrued charges and deferred income | 492/3 | €18,887 | €31,698 | +€12,811 | +67.8% |
| Non-recurring operating income | 76A | €10,412 | €19,174 | +€8,762 | +84.1% |
| Remuneration, social security and pensions | 62 | €331,249 | €410,820 | +€79,571 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,220 | €267,700 | +€31,480 | +13.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €45,072 | €2,462 | -€42,610 | -94.5% |
| Gross operating margin | 9900 | €625,847 | €735,604 | +€109,757 | +17.5% |
| Operating profit (loss) | 9901 | €13,306 | €48,622 | +€35,316 | +265% |
| Financial income | 75/76B | €52,185 | €55,059 | +€2,875 | +5.5% |
| Recurring financial income | 75 | €52,185 | €55,059 | +€2,875 | +5.5% |
| Financial charges | 65/66B | €79,183 | €103,225 | +€24,042 | +30.4% |
| Recurring financial charges | 65 | €79,183 | €103,225 | +€24,042 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,692 | €456 | +€14,149 | |
| Income taxes | 67/77 | €2 | -€10 | -€12 | |
| Profit (loss) for the period | 9904 | -€13,694 | €467 | +€14,161 | |
| Transfer from tax-exempt reserves | 789 | €7,608 | - | -€7,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,086 | €467 | +€6,553 |
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 13 October 2026 via checked.be.