Copain: 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.
Copain
Largest movements
- Receivables within one year +€21,183
up €21,183 (+694.4%), from €3,050 to €24,233
of which Other amounts receivable: +€21,063
- Cash -€12,783
down €12,783 (-16.7%), from €76,553 to €63,770
mainly Debts after one year (-€28,243) and Investment in fixed assets (net) (-€25,503)
- Intangible fixed assets -€6,000
down €6,000 (-13.3%), from €45,113 to €39,113
- Stocks and contracts +€5,937
up €5,937 (+18.7%), from €31,820 to €37,757
- Debts after one year -€28,243
down €28,243 (-93.1%), from €30,346 to €2,103
- Accrued charges and deferred income +€20,580
up €20,580 (+7260.8%), from €283 to €20,863
- Profit (loss) carried forward +€15,672
up €15,672 (+15.8%), from €99,273 to €114,945
- Tax, wage and social debts -€7,119
down €7,119 (-62.8%), from €11,344 to €4,224
of which Taxes: -€7,714
- Current portion of long-term debt +€4,147
up €4,147 (+12.6%), from €32,918 to €37,064
- Staff costs +€14,066
up €14,066 (+11.9%), from €118,360 to €132,426
- Gross operating margin -€9,793
down €9,793 (-4.9%), from €199,889 to €190,095
- Taxes -€7,313
down €7,313 (-59.4%), from €12,311 to €4,997
- Depreciation +€2,414
up €2,414 (+7.8%), from €30,966 to €33,380
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,910 | €246,373 | +€6,462 | +2.7% |
| Fixed assets | 21/28 | €123,791 | €115,914 | -€7,877 | -6.4% |
| Intangible fixed assets | 21 | €45,113 | €39,113 | -€6,000 | -13.3% |
| Tangible fixed assets | 22/27 | €78,679 | €76,801 | -€1,877 | -2.4% |
| Plant, machinery and equipment | 23 | €67,832 | €56,704 | -€11,129 | -16.4% |
| Other tangible fixed assets | 26 | €10,846 | €20,098 | +€9,252 | +85.3% |
| Current assets | 29/58 | €116,119 | €130,458 | +€14,340 | +12.3% |
| Stocks and contracts in progress | 3 | €31,820 | €37,757 | +€5,937 | +18.7% |
| Stocks | 30/36 | €31,820 | €37,757 | +€5,937 | +18.7% |
| Amounts receivable within one year | 40/41 | €3,050 | €24,233 | +€21,183 | +694.4% |
| Trade receivables | 40 | €331 | €450 | +€120 | +36.2% |
| Other amounts receivable | 41 | €2,720 | €23,783 | +€21,063 | +774.5% |
| Cash at bank and in hand | 54/58 | €76,553 | €63,770 | -€12,783 | -16.7% |
| Deferred charges and accrued income | 490/1 | €4,695 | €4,697 | +€2 | 0.0% |
| Total equity and liabilities | 10/49 | €239,910 | €246,373 | +€6,462 | +2.7% |
| Equity | 10/15 | €159,273 | €174,945 | +€15,672 | +9.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,273 | €114,945 | +€15,672 | +15.8% |
| Amounts payable | 17/49 | €80,637 | €71,427 | -€9,210 | -11.4% |
| Amounts payable after more than one year | 17 | €30,346 | €2,103 | -€28,243 | -93.1% |
| Financial debts | 170/4 | €30,346 | €2,103 | -€28,243 | -93.1% |
| Amounts payable within one year | 42/48 | €50,007 | €48,460 | -€1,547 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €32,918 | €37,064 | +€4,147 | +12.6% |
| Trade debts | 44 | €5,706 | €7,131 | +€1,425 | +25.0% |
| Suppliers | 440/4 | €5,706 | €7,131 | +€1,425 | +25.0% |
| Taxes, remuneration and social security | 45 | €11,344 | €4,224 | -€7,119 | -62.8% |
| Taxes | 450/3 | €8,217 | €504 | -€7,714 | -93.9% |
| Remuneration and social security | 454/9 | €3,126 | €3,721 | +€595 | +19.0% |
| Other amounts payable | 47/48 | €41 | €41 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €283 | €20,863 | +€20,580 | +7260.8% |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €118,360 | €132,426 | +€14,066 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,966 | €33,380 | +€2,414 | +7.8% |
| Other operating charges | 640/8 | €2,685 | €2,760 | +€75 | +2.8% |
| Gross operating margin | 9900 | €199,889 | €190,095 | -€9,793 | -4.9% |
| Operating profit (loss) | 9901 | €47,877 | €21,529 | -€26,348 | -55.0% |
| Financial income | 75/76B | €718 | €926 | +€208 | +28.9% |
| Recurring financial income | 75 | €718 | €926 | +€208 | +28.9% |
| Financial charges | 65/66B | €2,830 | €1,785 | -€1,045 | -36.9% |
| Recurring financial charges | 65 | €2,830 | €1,785 | -€1,045 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €45,765 | €20,669 | -€25,096 | -54.8% |
| Income taxes | 67/77 | €12,311 | €4,997 | -€7,313 | -59.4% |
| Profit (loss) for the period | 9904 | €33,455 | €15,672 | -€17,783 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,455 | €15,672 | -€17,783 | -53.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.