COPABAT: 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.
COPABAT
Largest movements
- Current investments +€110,000
new in 2025: €110,000
- Tangible fixed assets -€69,058
down €69,058 (-49.3%), from €140,217 to €71,159
of which Land and buildings: -€69,058
- Receivables within one year -€22,072
down €22,072 (-53.9%), from €40,961 to €18,889
of which Trade receivables: -€22,643
- Cash +€13,608
up €13,608 (+75.8%), from €17,942 to €31,550
mainly Net result for the year (+€90,429) and Investment in fixed assets (net) (+€59,896)
- Reserves +€71,429
up €71,429 (+35.2%), from €203,033 to €274,462
of which Distributable reserves: +€73,672
- Debts after one year -€20,000
down €20,000 (-6.5%), from €310,000 to €290,000
- Other debts -€11,350
down €11,350 (-100.0%), from €11,350 to €0
- Gross operating margin +€126,881
up €126,881 (+855.3%), from €14,835 to €141,715
- Taxes +€35,500
up €35,500 (+8453.3%), from €420 to €35,920
- Depreciation -€5,693
down €5,693 (-38.3%), from €14,855 to €9,162
- Financial income +€3,132
up €3,132 (+3131970.0%), from €0 to €3,132
- Other operating charges +€1,433
up €1,433 (+19.6%), from €7,303 to €8,737
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 | €1,024,421 | €1,057,805 | +€33,385 | +3.3% |
| Fixed assets | 21/28 | €140,217 | €71,159 | -€69,058 | -49.3% |
| Tangible fixed assets | 22/27 | €140,217 | €71,159 | -€69,058 | -49.3% |
| Land and buildings | 22 | €140,217 | €71,159 | -€69,058 | -49.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €884,203 | €986,646 | +€102,442 | +11.6% |
| Stocks and contracts in progress | 3 | €823,752 | €823,752 | = | 0.0% |
| Stocks | 30/36 | €823,752 | €823,752 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,961 | €18,889 | -€22,072 | -53.9% |
| Trade receivables | 40 | €22,643 | €0 | -€22,643 | -100.0% |
| Other amounts receivable | 41 | €18,318 | €18,889 | +€572 | +3.1% |
| Current investments | 50/53 | - | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €17,942 | €31,550 | +€13,608 | +75.8% |
| Deferred charges and accrued income | 490/1 | €1,548 | €2,455 | +€907 | +58.6% |
| Total equity and liabilities | 10/49 | €1,024,421 | €1,057,805 | +€33,385 | +3.3% |
| Equity | 10/15 | €642,502 | €713,931 | +€71,429 | +11.1% |
| Contributions | 10/11 | €273,550 | €273,550 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Outside capital | 11 | €23,550 | €23,550 | = | 0.0% |
| Share premium | 1100/10 | €23,550 | €23,550 | = | 0.0% |
| Reserves | 13 | €203,033 | €274,462 | +€71,429 | +35.2% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,215 | €8,972 | -€2,243 | -20.0% |
| Distributable reserves | 133 | €166,817 | €240,489 | +€73,672 | +44.2% |
| Profit (loss) carried forward | 14 | €165,920 | €165,920 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,775 | €4,620 | -€1,155 | -20.0% |
| Deferred taxes | 168 | €5,775 | €4,620 | -€1,155 | -20.0% |
| Amounts payable | 17/49 | €376,143 | €339,254 | -€36,889 | -9.8% |
| Amounts payable after more than one year | 17 | €310,000 | €290,000 | -€20,000 | -6.5% |
| Other amounts payable | 178/9 | €310,000 | €290,000 | -€20,000 | -6.5% |
| Amounts payable within one year | 42/48 | €62,588 | €43,466 | -€19,122 | -30.6% |
| Trade debts | 44 | €42,579 | €43,466 | +€887 | +2.1% |
| Suppliers | 440/4 | €42,579 | €43,466 | +€887 | +2.1% |
| Taxes, remuneration and social security | 45 | €8,659 | €0 | -€8,659 | -100.0% |
| Taxes | 450/3 | €8,659 | €0 | -€8,659 | -100.0% |
| Other amounts payable | 47/48 | €11,350 | €0 | -€11,350 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,555 | €5,788 | +€2,233 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,855 | €9,162 | -€5,693 | -38.3% |
| Other operating charges | 640/8 | €7,303 | €8,737 | +€1,433 | +19.6% |
| Gross operating margin | 9900 | €14,835 | €141,715 | +€126,881 | +855.3% |
| Operating profit (loss) | 9901 | -€7,324 | €123,816 | +€131,140 | |
| Financial income | 75/76B | €0 | €3,132 | +€3,132 | +3131970.0% |
| Recurring financial income | 75 | €0 | €3,132 | +€3,132 | +3131970.0% |
| Financial charges | 65/66B | €1,882 | €1,755 | -€127 | -6.7% |
| Recurring financial charges | 65 | €1,882 | €1,755 | -€127 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,206 | €125,194 | +€134,399 | |
| Transfer from deferred taxes | 780 | €1,155 | €1,155 | = | 0.0% |
| Income taxes | 67/77 | €420 | €35,920 | +€35,500 | +8453.3% |
| Profit (loss) for the period | 9904 | -€8,471 | €90,429 | +€98,899 | |
| Transfer from tax-exempt reserves | 789 | €2,243 | €2,243 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,228 | €92,672 | +€98,899 |
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 6 October 2026 via checked.be.