COPA Care: 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.
COPA Care
Largest movements
- Tangible fixed assets +€73,681
up €73,681 (+72.5%), from €101,582 to €175,264
of which Furniture and vehicles: +€77,861
- Cash -€19,957
down €19,957 (-47.2%), from €42,268 to €22,311
mainly Investment in fixed assets (net) (-€111,290) and Deferred charges and accrued income (-€9,887)
- Deferred charges and accrued income +€9,887
up €9,887 (+538.5%), from €1,836 to €11,723
- Receivables within one year +€7,060
up €7,060 (+149.7%), from €4,716 to €11,775
of which Trade receivables: +€9,125
- Debts after one year +€50,983
up €50,983 (+86.4%), from €59,007 to €109,990
- Reserves +€11,988
up €11,988 (+58.6%), from €20,469 to €32,457
- Current portion of long-term debt +€11,595
up €11,595 (+60.0%), from €19,310 to €30,904
- Tax, wage and social debts -€6,636
down €6,636 (-60.9%), from €10,894 to €4,257
- Trade debts +€5,574
up €5,574 (+630.9%), from €883 to €6,457
- Gross operating margin +€20,304
up €20,304 (+50.5%), from €40,239 to €60,543
- Depreciation +€7,427
up €7,427 (+24.6%), from €30,182 to €37,609
- Taxes +€2,560
up €2,560 (+141.9%), from €1,805 to €4,364
- Financial charges -€1,929
down €1,929 (-31.1%), from €6,200 to €4,272
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.
Cash bridge derived
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 | €150,633 | €221,556 | +€70,923 | +47.1% |
| Fixed assets | 21/28 | €101,582 | €175,264 | +€73,681 | +72.5% |
| Tangible fixed assets | 22/27 | €101,582 | €175,264 | +€73,681 | +72.5% |
| Plant, machinery and equipment | 23 | €2,305 | €6,308 | +€4,003 | +173.7% |
| Furniture and vehicles | 24 | €31,710 | €109,571 | +€77,861 | +245.5% |
| Other tangible fixed assets | 26 | €67,568 | €59,385 | -€8,183 | -12.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,051 | €46,293 | -€2,758 | -5.6% |
| Stocks and contracts in progress | 3 | €231 | €483 | +€252 | +109.2% |
| Stocks | 30/36 | €231 | €483 | +€252 | +109.2% |
| Amounts receivable within one year | 40/41 | €4,716 | €11,775 | +€7,060 | +149.7% |
| Trade receivables | 40 | €0 | €9,125 | +€9,125 | |
| Other amounts receivable | 41 | €4,716 | €2,650 | -€2,065 | -43.8% |
| Cash at bank and in hand | 54/58 | €42,268 | €22,311 | -€19,957 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,836 | €11,723 | +€9,887 | +538.5% |
| Total equity and liabilities | 10/49 | €150,633 | €221,556 | +€70,923 | +47.1% |
| Equity | 10/15 | €26,469 | €38,457 | +€11,988 | +45.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €20,469 | €32,457 | +€11,988 | +58.6% |
| Distributable reserves | 133 | €20,469 | €32,457 | +€11,988 | +58.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €124,164 | €183,099 | +€58,935 | +47.5% |
| Amounts payable after more than one year | 17 | €59,007 | €109,990 | +€50,983 | +86.4% |
| Financial debts | 170/4 | €59,007 | €109,990 | +€50,983 | +86.4% |
| Amounts payable within one year | 42/48 | €65,157 | €72,938 | +€7,781 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €19,310 | €30,904 | +€11,595 | +60.0% |
| Trade debts | 44 | €883 | €6,457 | +€5,574 | +630.9% |
| Suppliers | 440/4 | €883 | €6,457 | +€5,574 | +630.9% |
| Taxes, remuneration and social security | 45 | €10,894 | €4,257 | -€6,636 | -60.9% |
| Taxes | 450/3 | €10,894 | €4,257 | -€6,636 | -60.9% |
| Other amounts payable | 47/48 | €34,070 | €31,320 | -€2,751 | -8.1% |
| Accrued charges and deferred income | 492/3 | €0 | €171 | +€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,182 | €37,609 | +€7,427 | +24.6% |
| Other operating charges | 640/8 | €816 | €1,348 | +€532 | +65.2% |
| Non-recurring operating charges | 66A | - | €961 | +€961 | |
| Gross operating margin | 9900 | €40,239 | €60,543 | +€20,304 | +50.5% |
| Operating profit (loss) | 9901 | €9,242 | €20,625 | +€11,383 | +123.2% |
| Financial charges | 65/66B | €6,200 | €4,272 | -€1,929 | -31.1% |
| Recurring financial charges | 65 | €6,200 | €4,272 | -€1,929 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €3,041 | €16,353 | +€13,312 | +437.7% |
| Income taxes | 67/77 | €1,805 | €4,364 | +€2,560 | +141.9% |
| Profit (loss) for the period | 9904 | €1,237 | €11,988 | +€10,752 | +869.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,237 | €11,988 | +€10,752 | +869.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.