COPACO SCREENWEAVERS: 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.
What changed
COPACO SCREENWEAVERS
NACE 13.960, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · €1.6m+€1.8m
Equity
€15.3m
2024 · €12.6m+€2.7m
Cash
€1.2m
2024 · €1.2m-€60,348
Balance sheet total
€29.6m
2024 · €29.9m-€379,100
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+225.8%), from €1.9m to €6.3m
of which Trade receivables: +€3.1m
- Stocks and contracts -€2.4m
down €2.4m (-19.9%), from €11.9m to €9.5m
- Tangible fixed assets -€2.2m
down €2.2m (-14.9%), from €14.8m to €12.6m
of which Assets under construction and advance payments: -€3.1m
Equity and liabilities
- Profit (loss) carried forward +€2.7m
up €2.7m (+25.5%), from €10.7m to €13.5m
- Other debts -€1.7m
down €1.7m (-17.2%), from €10.1m to €8.4m
- Trade debts -€1.7m
down €1.7m (-31.5%), from €5.4m to €3.7m
- Tax, wage and social debts +€337,925
up €337,925 (+20.5%), from €1.6m to €2.0m
of which Remuneration and social security: +€334,458
Income statement
- Turnover +€5.1m
up €5.1m (+12.8%), from €39.8m to €44.9m
- Goods and materials +€3.0m
up €3.0m (+21.4%), from €14.1m to €17.1m
of which Change in stocks: decrease (increase): +€2.5m
- Other operating income +€1.2m
up €1.2m (+172.7%), from €687,888 to €1.9m
- Write-downs -€1.0m
down €1.0m, from €508,261 to -€520,237
- Financial charges -€634,908
down €634,908 (-52.9%), from €1.2m to €565,214
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.
Result 2024
€1.6m
Turnover
+€5.1m
Other operating income
+€1.2m
Goods and materials
-€3.0m
Services and other goods
-€508,419
Staff costs
-€619,020
Depreciation
-€319,867
Write-downs
+€1.0m
Provisions
+€50,000
Other operating charges
-€1,173
Other operating items
-€1.7m
Financial income
+€34,577
Financial charges
+€634,908
Taxes
-€61,631
Result 2025
€3.5m
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.
From operations
-€244,146
Investment
+€908,017
Financing
-€724,219
Cash 2024
€1.2m
From operations (derived)
-€244,146
Net result for the year
+€3.5m
Depreciation
+€1.3m
Stocks and contracts
+€2.4m
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€92,626
Provisions
-€25,000
Trade debts
-€1.7m
Tax, wage and social debts
+€337,925
Advances received
+€108,000
Other debts
-€1.7m
Accrued charges and deferred income
-€82,500
Investment (derived)
+€908,017
Investment in fixed assets (net)
+€908,017
Financing
-€724,219
Contributions, distributions and other
-€724,219
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,938,068 | €29,558,968 | -€379,100 | -1.3% |
| Fixed assets | 21/28 | €14,812,332 | €12,602,388 | -€2.2m | -14.9% |
| Tangible fixed assets | 22/27 | €14,812,332 | €12,602,388 | -€2.2m | -14.9% |
| Land and buildings | 22 | €1,481,191 | €2,031,131 | +€549,940 | +37.1% |
| Plant, machinery and equipment | 23 | €10,014,633 | €10,405,439 | +€390,806 | +3.9% |
| Furniture and vehicles | 24 | €197,599 | €165,818 | -€31,781 | -16.1% |
| Assets under construction and advance payments | 27 | €3,118,909 | - | -€3.1m | |
| Current assets | 29/58 | €15,125,736 | €16,956,580 | +€1.8m | +12.1% |
| Stocks and contracts in progress | 3 | €11,856,681 | €9,494,470 | -€2.4m | -19.9% |
| Stocks | 30/36 | €11,856,681 | €9,494,470 | -€2.4m | -19.9% |
| Raw materials and consumables | 30/31 | €4,205,856 | €3,272,071 | -€933,785 | -22.2% |
| Work in progress | 32 | €3,422,979 | €4,766,507 | +€1.3m | +39.3% |
| Finished goods | 33 | €4,103,970 | €1,455,892 | -€2.6m | -64.5% |
| Goods purchased for resale | 34 | €123,876 | - | -€123,876 | |
| Amounts receivable within one year | 40/41 | €1,924,396 | €6,270,425 | +€4.3m | +225.8% |
| Trade receivables | 40 | €1,676,876 | €4,819,786 | +€3.1m | +187.4% |
| Other amounts receivable | 41 | €247,520 | €1,450,639 | +€1.2m | +486.1% |
| Cash at bank and in hand | 54/58 | €1,231,661 | €1,171,313 | -€60,348 | -4.9% |
| Deferred charges and accrued income | 490/1 | €112,998 | €20,372 | -€92,626 | -82.0% |
| Total equity and liabilities | 10/49 | €29,938,068 | €29,558,968 | -€379,100 | -1.3% |
| Equity | 10/15 | €12,601,122 | €15,330,661 | +€2.7m | +21.7% |
| Contributions | 10/11 | €285,104 | €285,104 | = | 0.0% |
| Capital | 10 | €285,104 | €285,104 | = | 0.0% |
| Issued capital | 100 | €285,104 | €285,104 | = | 0.0% |
| Reserves | 13 | €1,592,747 | €1,592,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,510 | €28,510 | = | 0.0% |
| Legal reserve | 130 | €28,510 | €28,510 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,935 | €73,935 | = | 0.0% |
| Distributable reserves | 133 | €1,490,302 | €1,490,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,723,271 | €13,452,810 | +€2.7m | +25.5% |
| Provisions and deferred taxes | 16 | €25,000 | - | -€25,000 | |
| Provisions for liabilities and charges | 160/5 | €25,000 | - | -€25,000 | |
| Other liabilities and charges | 164/5 | €25,000 | - | -€25,000 | |
| Amounts payable | 17/49 | €17,311,946 | €14,228,307 | -€3.1m | -17.8% |
| Amounts payable within one year | 42/48 | €17,197,106 | €14,195,967 | -€3.0m | -17.5% |
| Trade debts | 44 | €5,405,409 | €3,704,380 | -€1.7m | -31.5% |
| Suppliers | 440/4 | €5,405,409 | €3,704,380 | -€1.7m | -31.5% |
| Advances received on contracts in progress | 46 | - | €108,000 | +€108,000 | |
| Taxes, remuneration and social security | 45 | €1,649,652 | €1,987,577 | +€337,925 | +20.5% |
| Taxes | 450/3 | €66,704 | €70,171 | +€3,467 | +5.2% |
| Remuneration and social security | 454/9 | €1,582,948 | €1,917,406 | +€334,458 | +21.1% |
| Other amounts payable | 47/48 | €10,142,045 | €8,396,010 | -€1.7m | -17.2% |
| Accrued charges and deferred income | 492/3 | €114,840 | €32,340 | -€82,500 | -71.8% |
| Operating income | 70/76A | €40,555,459 | €45,128,912 | +€4.6m | +11.3% |
| Turnover | 70 | €39,836,651 | €44,936,183 | +€5.1m | +12.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €19,420 | -€1,707,746 | -€1.7m | |
| Other operating income | 74 | €687,888 | €1,875,893 | +€1.2m | +172.7% |
| Non-recurring operating income | 76A | €11,500 | €24,582 | +€13,082 | +113.8% |
| Operating charges | 60/66A | €36,955,351 | €40,329,708 | +€3.4m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €14,069,982 | €17,074,358 | +€3.0m | +21.4% |
| Purchases | 600/8 | €15,410,266 | €15,899,656 | +€489,390 | +3.2% |
| Change in stocks: decrease (increase) | 609 | -€1,340,284 | €1,174,702 | +€2.5m | |
| Services and other goods | 61 | €11,025,447 | €11,533,866 | +€508,419 | +4.6% |
| Remuneration, social security and pensions | 62 | €10,330,758 | €10,949,778 | +€619,020 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982,060 | €1,301,927 | +€319,867 | +32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €508,261 | -€520,237 | -€1.0m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | -€25,000 | -€50,000 | |
| Other operating charges | 640/8 | €13,843 | €15,016 | +€1,173 | +8.5% |
| Operating profit (loss) | 9901 | €3,600,108 | €4,799,204 | +€1.2m | +33.3% |
| Financial income | 75/76B | €105,140 | €139,717 | +€34,577 | +32.9% |
| Recurring financial income | 75 | €105,140 | €139,717 | +€34,577 | +32.9% |
| Income from current assets | 751 | €25 | - | -€25 | |
| Other financial income | 752/9 | €105,115 | €139,717 | +€34,602 | +32.9% |
| Financial charges | 65/66B | €1,200,122 | €565,214 | -€634,908 | -52.9% |
| Recurring financial charges | 65 | €1,200,122 | €565,214 | -€634,908 | -52.9% |
| Debt charges | 650 | €588,449 | €411,348 | -€177,101 | -30.1% |
| Other financial charges | 652/9 | €611,673 | €153,866 | -€457,807 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €2,505,126 | €4,373,707 | +€1.9m | +74.6% |
| Income taxes | 67/77 | €858,318 | €919,949 | +€61,631 | +7.2% |
| Taxes | 670/3 | €878,000 | €1,127,450 | +€249,450 | +28.4% |
| Tax adjustments and reversals of tax provisions | 77 | €19,682 | €207,501 | +€187,819 | +954.3% |
| Profit (loss) for the period | 9904 | €1,646,808 | €3,453,758 | +€1.8m | +109.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,646,808 | €3,453,758 | +€1.8m | +109.7% |
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 8 October 2026 via checked.be.