COPA CONSTRUCT: 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.
COPA CONSTRUCT
Largest movements
- Cash -€27,578
down €27,578 (-62.1%), from €44,429 to €16,851
mainly Investment in fixed assets (net) (-€26,115) and Other debts (-€21,489)
- Tangible fixed assets +€21,896
up €21,896 (+509%), from €4,302 to €26,199
of which Furniture and vehicles: +€21,995
- Stocks and contracts -€16,200
down €16,200 (-100%), from €16,200 to €0
of which Contracts in progress: -€11,200
- Receivables within one year -€6,376
down €6,376 (-19.8%), from €32,234 to €25,858
of which Trade receivables: -€23,100
- Other debts -€21,489
down €21,489 (-100%), from €21,489 to €0
- Trade debts -€10,509
down €10,509 (-77.0%), from €13,644 to €3,136
- Debts after one year +€7,143
up €7,143 (+82.8%), from €8,627 to €15,770
- Current portion of long-term debt +€6,321
up €6,321 (+253%), from €2,500 to €8,821
- Tax, wage and social debts -€5,700
down €5,700 (-37.4%), from €15,227 to €9,527
- Gross operating margin -€37,020
down €37,020 (-88.1%), from €42,002 to €4,982
- Taxes -€6,922
down €6,922 (-84.2%), from €8,224 to €1,302
- Depreciation +€3,077
up €3,077 (+270%), from €1,141 to €4,219
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 | €99,483 | €71,572 | -€27,911 | -28.1% |
| Fixed assets | 21/28 | €4,302 | €26,199 | +€21,896 | +509% |
| Tangible fixed assets | 22/27 | €4,302 | €26,199 | +€21,896 | +509% |
| Plant, machinery and equipment | 23 | €4,302 | €4,203 | -€99 | -2.3% |
| Furniture and vehicles | 24 | €0 | €21,995 | +€21,995 | |
| Current assets | 29/58 | €95,181 | €45,373 | -€49,808 | -52.3% |
| Stocks and contracts in progress | 3 | €16,200 | €0 | -€16,200 | -100% |
| Stocks | 30/36 | €5,000 | €0 | -€5,000 | -100% |
| Contracts in progress | 37 | €11,200 | €0 | -€11,200 | -100% |
| Amounts receivable within one year | 40/41 | €32,234 | €25,858 | -€6,376 | -19.8% |
| Trade receivables | 40 | €32,192 | €9,092 | -€23,100 | -71.8% |
| Other amounts receivable | 41 | €42 | €16,766 | +€16,724 | +39,659% |
| Cash at bank and in hand | 54/58 | €44,429 | €16,851 | -€27,578 | -62.1% |
| Deferred charges and accrued income | 490/1 | €2,318 | €2,664 | +€345 | +14.9% |
| Total equity and liabilities | 10/49 | €99,483 | €71,572 | -€27,911 | -28.1% |
| Equity | 10/15 | €36,746 | €33,068 | -€3,677 | -10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,746 | €13,068 | -€3,677 | -22.0% |
| Distributable reserves | 133 | €16,746 | €13,068 | -€3,677 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,737 | €38,503 | -€24,234 | -38.6% |
| Amounts payable after more than one year | 17 | €8,627 | €15,770 | +€7,143 | +82.8% |
| Financial debts | 170/4 | €8,627 | €15,770 | +€7,143 | +82.8% |
| Amounts payable within one year | 42/48 | €52,861 | €21,484 | -€31,377 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €8,821 | +€6,321 | +253% |
| Trade debts | 44 | €13,644 | €3,136 | -€10,509 | -77.0% |
| Suppliers | 440/4 | €13,644 | €3,136 | -€10,509 | -77.0% |
| Taxes, remuneration and social security | 45 | €15,227 | €9,527 | -€5,700 | -37.4% |
| Taxes | 450/3 | €15,227 | €9,527 | -€5,700 | -37.4% |
| Other amounts payable | 47/48 | €21,489 | €0 | -€21,489 | -100% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €32,006 | €154 | -€31,852 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141 | €4,219 | +€3,077 | +270% |
| Other operating charges | 640/8 | €1,736 | €1,575 | -€161 | -9.3% |
| Non-recurring operating charges | 66A | €4,075 | €445 | -€3,630 | -89.1% |
| Gross operating margin | 9900 | €42,002 | €4,982 | -€37,020 | -88.1% |
| Operating profit (loss) | 9901 | €35,049 | -€1,257 | -€36,306 | |
| Financial income | 75/76B | €1 | €396 | +€395 | +28,186% |
| Recurring financial income | 75 | €1 | €396 | +€395 | +28,186% |
| Financial charges | 65/66B | €1,907 | €1,514 | -€393 | -20.6% |
| Recurring financial charges | 65 | €1,907 | €1,514 | -€393 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €33,143 | -€2,375 | -€35,519 | |
| Income taxes | 67/77 | €8,224 | €1,302 | -€6,922 | -84.2% |
| Profit (loss) for the period | 9904 | €24,919 | -€3,677 | -€28,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,919 | -€3,677 | -€28,596 |
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 14 October 2026 via checked.be.