CoPain: 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.
CoPain
Largest movements
- Cash +€26,214
up €26,214 (+78.7%), from €33,329 to €59,543
mainly Depreciation (+€21,053) and Trade debts (+€15,316)
- Receivables within one year +€13,510
up €13,510 (+687.2%), from €1,966 to €15,476
of which Other amounts receivable: +€11,890
- Tangible fixed assets +€6,460
up €6,460 (+2.4%), from €274,854 to €281,314
of which Plant, machinery and equipment: +€13,983
- Deferred charges and accrued income -€6,224
down €6,224 (-71.8%), from €8,667 to €2,443
- Trade debts +€15,316
up €15,316 (+61.0%), from €25,097 to €40,413
- Tax, wage and social debts +€11,429
up €11,429 (+33.9%), from €33,667 to €45,096
of which Remuneration and social security: +€10,433
- Profit (loss) carried forward -€4,637
new in 2025: -€4,637
- Current portion of long-term debt +€4,532
up €4,532 (+34.5%), from €13,136 to €17,668
- Staff costs +€70,616
up €70,616 (+24.4%), from €289,924 to €360,540
- Gross operating margin +€19,416
up €19,416 (+5.3%), from €369,706 to €389,122
- Taxes -€12,729
no longer reported in 2025 (was €12,729)
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 | €362,383 | €395,731 | +€33,348 | +9.2% |
| Fixed assets | 21/28 | €278,709 | €285,169 | +€6,460 | +2.3% |
| Tangible fixed assets | 22/27 | €274,854 | €281,314 | +€6,460 | +2.4% |
| Land and buildings | 22 | €230,647 | €225,988 | -€4,659 | -2.0% |
| Plant, machinery and equipment | 23 | €37,825 | €51,808 | +€13,983 | +37.0% |
| Furniture and vehicles | 24 | €5,787 | €3,369 | -€2,418 | -41.8% |
| Other tangible fixed assets | 26 | €595 | €149 | -€446 | -75.0% |
| Financial fixed assets | 28 | €3,855 | €3,855 | = | 0.0% |
| Current assets | 29/58 | €83,674 | €110,562 | +€26,888 | +32.1% |
| Stocks and contracts in progress | 3 | €5,892 | €2,541 | -€3,351 | -56.9% |
| Stocks | 30/36 | €5,892 | €2,541 | -€3,351 | -56.9% |
| Amounts receivable within one year | 40/41 | €1,966 | €15,476 | +€13,510 | +687.2% |
| Trade receivables | 40 | €175 | €1,795 | +€1,620 | +925.7% |
| Other amounts receivable | 41 | €1,791 | €13,681 | +€11,890 | +663.9% |
| Current investments | 50/53 | €33,820 | €30,559 | -€3,261 | -9.6% |
| Cash at bank and in hand | 54/58 | €33,329 | €59,543 | +€26,214 | +78.7% |
| Deferred charges and accrued income | 490/1 | €8,667 | €2,443 | -€6,224 | -71.8% |
| Total equity and liabilities | 10/49 | €362,383 | €395,731 | +€33,348 | +9.2% |
| Equity | 10/15 | €172,447 | €167,810 | -€4,637 | -2.7% |
| Contributions | 10/11 | €68,685 | €68,685 | = | 0.0% |
| Reserves | 13 | €103,762 | €103,762 | = | 0.0% |
| Distributable reserves | 133 | €103,762 | €103,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,637 | -€4,637 | |
| Amounts payable | 17/49 | €189,936 | €227,921 | +€37,985 | +20.0% |
| Amounts payable after more than one year | 17 | €108,000 | €111,008 | +€3,008 | +2.8% |
| Financial debts | 170/4 | €108,000 | €111,008 | +€3,008 | +2.8% |
| Amounts payable within one year | 42/48 | €73,450 | €105,098 | +€31,648 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €13,136 | €17,668 | +€4,532 | +34.5% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €25,097 | €40,413 | +€15,316 | +61.0% |
| Suppliers | 440/4 | €25,097 | €40,413 | +€15,316 | +61.0% |
| Taxes, remuneration and social security | 45 | €33,667 | €45,096 | +€11,429 | +33.9% |
| Taxes | 450/3 | €7,415 | €8,411 | +€996 | +13.4% |
| Remuneration and social security | 454/9 | €26,252 | €36,685 | +€10,433 | +39.7% |
| Other amounts payable | 47/48 | €1,550 | €1,900 | +€350 | +22.6% |
| Accrued charges and deferred income | 492/3 | €8,486 | €11,815 | +€3,329 | +39.2% |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Remuneration, social security and pensions | 62 | €289,924 | €360,540 | +€70,616 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,962 | €21,053 | +€2,091 | +11.0% |
| Other operating charges | 640/8 | €3,926 | €4,000 | +€74 | +1.9% |
| Non-recurring operating charges | 66A | - | €454 | +€454 | |
| Gross operating margin | 9900 | €369,706 | €389,122 | +€19,416 | +5.3% |
| Operating profit (loss) | 9901 | €56,894 | €3,075 | -€53,819 | -94.6% |
| Financial income | 75/76B | €35 | €282 | +€247 | +705.7% |
| Recurring financial income | 75 | €35 | €282 | +€247 | +705.7% |
| Financial charges | 65/66B | €7,685 | €7,994 | +€309 | +4.0% |
| Recurring financial charges | 65 | €7,685 | €7,994 | +€309 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €49,244 | -€4,637 | -€53,881 | |
| Income taxes | 67/77 | €12,729 | - | -€12,729 | |
| Profit (loss) for the period | 9904 | €36,515 | -€4,637 | -€41,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,515 | -€4,637 | -€41,152 |
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 10 October 2026 via checked.be.