Cop-Verheyen: 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.
Cop-Verheyen
Largest movements
- Receivables within one year -€16,643
down €16,643 (-58.9%), from €28,238 to €11,595
- Tangible fixed assets +€14,187
up €14,187 (+178%), from €7,974 to €22,161
of which Furniture and vehicles: +€8,519
- Cash +€3,174
up €3,174 (+2.4%), from €134,604 to €137,777
mainly Other debts (+€59,255) and Net result for the year (+€18,261)
- Deferred charges and accrued income -€2,904
down €2,904 (-57.5%), from €5,052 to €2,148
- Profit (loss) carried forward -€100,000
down €100,000 (-65.6%), from €152,530 to €52,530
- Other debts +€59,255
up €59,255 (+702%), from €8,444 to €67,699
- Reserves +€18,261
new in 2025: €18,261
- Trade debts +€15,748
up €15,748 (+437%), from €3,607 to €19,355
- Tax, wage and social debts +€4,550
up €4,550 (+44.2%), from €10,285 to €14,836
- Purchases and services +€68,352
up €68,352 (+59.3%), from €115,222 to €183,575
- Gross operating margin -€38,058
down €38,058 (-50.1%), from €75,985 to €37,927
- Depreciation -€8,046
down €8,046 (-68.7%), from €11,711 to €3,664
- Taxes -€6,818
down €6,818 (-36.8%), from €18,529 to €11,710
- Financial charges +€3,947
up €3,947 (+7,517%), from €53 to €4,000
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 | €175,867 | €173,682 | -€2,186 | -1.2% |
| Fixed assets | 21/28 | €7,974 | €22,161 | +€14,187 | +178% |
| Tangible fixed assets | 22/27 | €7,974 | €22,161 | +€14,187 | +178% |
| Land and buildings | 22 | €4,203 | €3,738 | -€465 | -11.1% |
| Plant, machinery and equipment | 23 | - | €701 | +€701 | |
| Furniture and vehicles | 24 | €3,771 | €12,290 | +€8,519 | +226% |
| Other tangible fixed assets | 26 | - | €5,431 | +€5,431 | |
| Current assets | 29/58 | €167,893 | €151,520 | -€16,373 | -9.8% |
| Amounts receivable within one year | 40/41 | €28,238 | €11,595 | -€16,643 | -58.9% |
| Other amounts receivable | 41 | €28,238 | €11,595 | -€16,643 | -58.9% |
| Cash at bank and in hand | 54/58 | €134,604 | €137,777 | +€3,174 | +2.4% |
| Deferred charges and accrued income | 490/1 | €5,052 | €2,148 | -€2,904 | -57.5% |
| Total equity and liabilities | 10/49 | €175,867 | €173,682 | -€2,186 | -1.2% |
| Equity | 10/15 | €153,530 | €71,792 | -€81,739 | -53.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €18,261 | +€18,261 | |
| Distributable reserves | 133 | - | €18,261 | +€18,261 | |
| Profit (loss) carried forward | 14 | €152,530 | €52,530 | -€100,000 | -65.6% |
| Amounts payable | 17/49 | €22,337 | €101,890 | +€79,553 | +356% |
| Amounts payable within one year | 42/48 | €22,337 | €101,890 | +€79,553 | +356% |
| Trade debts | 44 | €3,607 | €19,355 | +€15,748 | +437% |
| Suppliers | 440/4 | €3,607 | €19,355 | +€15,748 | +437% |
| Taxes, remuneration and social security | 45 | €10,285 | €14,836 | +€4,550 | +44.2% |
| Taxes | 450/3 | €10,285 | €14,836 | +€4,550 | +44.2% |
| Other amounts payable | 47/48 | €8,444 | €67,699 | +€59,255 | +702% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,222 | €183,575 | +€68,352 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,711 | €3,664 | -€8,046 | -68.7% |
| Other operating charges | 640/8 | €471 | €477 | +€6 | +1.2% |
| Gross operating margin | 9900 | €75,985 | €37,927 | -€38,058 | -50.1% |
| Operating profit (loss) | 9901 | €63,802 | €33,785 | -€30,017 | -47.0% |
| Financial income | 75/76B | €180 | €186 | +€6 | +3.3% |
| Recurring financial income | 75 | €180 | €186 | +€6 | +3.3% |
| Financial charges | 65/66B | €53 | €4,000 | +€3,947 | +7,517% |
| Recurring financial charges | 65 | €53 | €4,000 | +€3,947 | +7,517% |
| Profit (loss) for the period before taxes | 9903 | €63,930 | €29,972 | -€33,958 | -53.1% |
| Income taxes | 67/77 | €18,529 | €11,710 | -€6,818 | -36.8% |
| Profit (loss) for the period | 9904 | €45,402 | €18,261 | -€27,140 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,402 | €18,261 | -€27,140 | -59.8% |
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 21 October 2026 via checked.be.