COPAïBA: 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.
COPAïBA
Largest movements
- Cash +€108,550
up €108,550 (+629.0%), from €17,259 to €125,809
mainly Receivables after one year (+€100,000) and Receivables within one year (+€52,848)
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€52,848
down €52,848 (-67.6%), from €78,140 to €25,292
of which Other amounts receivable: -€49,958
- Tangible fixed assets +€7,167
up €7,167 (+23.9%), from €29,964 to €37,130
of which Furniture and vehicles: +€12,272
- Deferred charges and accrued income +€2,648
up €2,648 (+236.4%), from €1,120 to €3,769
- Other debts -€45,845
down €45,845 (-58.1%), from €78,845 to €33,000
- Profit (loss) carried forward +€18,480
up €18,480 (+13.7%), from €135,043 to €153,523
- Trade debts -€6,768
down €6,768 (-44.8%), from €15,100 to €8,332
- Gross operating margin +€57,507
up €57,507 (+386.8%), from €14,867 to €72,374
- Taxes +€18,526
up €18,526 (+13696.5%), from €135 to €18,661
- Financial income +€8,431
up €8,431 (+381.0%), from €2,213 to €10,644
of which Non-recurring financial income: +€9,235
- Write-downs -€5,733
no longer reported in 2025 (was €5,733)
- Depreciation -€2,184
down €2,184 (-16.3%), from €13,391 to €11,207
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 | €255,930 | €222,509 | -€33,421 | -13.1% |
| Fixed assets | 21/28 | €29,989 | €37,155 | +€7,167 | +23.9% |
| Tangible fixed assets | 22/27 | €29,964 | €37,130 | +€7,167 | +23.9% |
| Plant, machinery and equipment | 23 | €10,789 | €5,685 | -€5,105 | -47.3% |
| Furniture and vehicles | 24 | €19,174 | €31,446 | +€12,272 | +64.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €225,942 | €185,354 | -€40,588 | -18.0% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €29,423 | €30,485 | +€1,062 | +3.6% |
| Stocks | 30/36 | €29,423 | €30,485 | +€1,062 | +3.6% |
| Amounts receivable within one year | 40/41 | €78,140 | €25,292 | -€52,848 | -67.6% |
| Trade receivables | 40 | €13,903 | €11,013 | -€2,890 | -20.8% |
| Other amounts receivable | 41 | €64,237 | €14,279 | -€49,958 | -77.8% |
| Cash at bank and in hand | 54/58 | €17,259 | €125,809 | +€108,550 | +629.0% |
| Deferred charges and accrued income | 490/1 | €1,120 | €3,769 | +€2,648 | +236.4% |
| Total equity and liabilities | 10/49 | €255,930 | €222,509 | -€33,421 | -13.1% |
| Equity | 10/15 | €157,043 | €175,523 | +€18,480 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,043 | €153,523 | +€18,480 | +13.7% |
| Amounts payable | 17/49 | €98,888 | €46,987 | -€51,901 | -52.5% |
| Amounts payable within one year | 42/48 | €98,888 | €46,987 | -€51,901 | -52.5% |
| Financial debts | 43 | €374 | €219 | -€155 | -41.5% |
| Credit institutions | 430/8 | €374 | €219 | -€155 | -41.5% |
| Trade debts | 44 | €15,100 | €8,332 | -€6,768 | -44.8% |
| Suppliers | 440/4 | €15,100 | €8,332 | -€6,768 | -44.8% |
| Advances received on contracts in progress | 46 | €190 | €190 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,378 | €5,246 | +€868 | +19.8% |
| Taxes | 450/3 | €4,378 | €5,246 | +€868 | +19.8% |
| Other amounts payable | 47/48 | €78,845 | €33,000 | -€45,845 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,391 | €11,207 | -€2,184 | -16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,733 | - | -€5,733 | |
| Other operating charges | 640/8 | €247 | €817 | +€570 | +230.8% |
| Gross operating margin | 9900 | €14,867 | €72,374 | +€57,507 | +386.8% |
| Operating profit (loss) | 9901 | -€4,504 | €60,350 | +€64,855 | |
| Financial income | 75/76B | €2,213 | €10,644 | +€8,431 | +381.0% |
| Recurring financial income | 75 | €2,213 | €1,409 | -€804 | -36.3% |
| Non-recurring financial income | 76B | - | €9,235 | +€9,235 | |
| Financial charges | 65/66B | €48 | €853 | +€806 | +1693.4% |
| Recurring financial charges | 65 | €48 | €81 | +€33 | +69.4% |
| Non-recurring financial charges | 66B | - | €773 | +€773 | |
| Profit (loss) for the period before taxes | 9903 | -€2,339 | €70,141 | +€72,480 | |
| Income taxes | 67/77 | €135 | €18,661 | +€18,526 | +13696.5% |
| Profit (loss) for the period | 9904 | -€2,474 | €51,480 | +€53,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,474 | €51,480 | +€53,954 |
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.