Copains distribution: 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.
Copains distribution
Largest movements
- Financial fixed assets -€97,229
down €97,229 (-96.3%), from €100,998 to €3,769
- Cash -€70,535
down €70,535 (-46.5%), from €151,531 to €80,996
mainly Net result for the year (-€314,745) and Short-term financial debts (-€53,791)
- Tangible fixed assets +€41,645
up €41,645 (+19.2%), from €216,757 to €258,402
of which Land and buildings: +€34,662
- Receivables within one year -€39,952
down €39,952 (-65.8%), from €60,701 to €20,749
of which Trade receivables: -€26,268
- Intangible fixed assets +€21,059
up €21,059 (+30.9%), from €68,061 to €89,120
- Profit (loss) carried forward -€314,745
down €314,745 (-54.1%), from -€581,716 to -€896,461
- Trade debts +€211,055
up €211,055 (+26.6%), from €792,349 to €1.0m
- Short-term financial debts -€53,791
down €53,791 (-57.8%), from €93,055 to €39,264
- Tax, wage and social debts +€21,647
up €21,647 (+32.7%), from €66,289 to €87,936
of which Remuneration and social security: +€21,316
- Debts after one year -€7,742
down €7,742 (-4.5%), from €170,596 to €162,854
- Gross operating margin +€211,455
up €211,455, from -€19,805 to €191,650
- Other operating charges -€46,687
down €46,687 (-87.4%), from €53,436 to €6,749
- Staff costs +€41,791
up €41,791 (+13.2%), from €315,921 to €357,712
- Depreciation +€12,006
up €12,006 (+36.6%), from €32,842 to €44,848
- Financial charges +€8,966
up €8,966 (+68.7%), from €13,058 to €22,024
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 | €607,070 | €471,482 | -€135,588 | -22.3% |
| Fixed assets | 21/28 | €385,815 | €351,291 | -€34,524 | -8.9% |
| Intangible fixed assets | 21 | €68,061 | €89,120 | +€21,059 | +30.9% |
| Tangible fixed assets | 22/27 | €216,757 | €258,402 | +€41,645 | +19.2% |
| Land and buildings | 22 | €164,851 | €199,513 | +€34,662 | +21.0% |
| Plant, machinery and equipment | 23 | €12,985 | €16,044 | +€3,059 | +23.6% |
| Furniture and vehicles | 24 | €457 | €8,319 | +€7,862 | +1720.5% |
| Other tangible fixed assets | 26 | €38,463 | €34,525 | -€3,938 | -10.2% |
| Financial fixed assets | 28 | €100,998 | €3,769 | -€97,229 | -96.3% |
| Current assets | 29/58 | €221,255 | €120,191 | -€101,064 | -45.7% |
| Stocks and contracts in progress | 3 | €6,255 | €18,447 | +€12,192 | +194.9% |
| Stocks | 30/36 | €6,255 | €18,447 | +€12,192 | +194.9% |
| Amounts receivable within one year | 40/41 | €60,701 | €20,749 | -€39,952 | -65.8% |
| Trade receivables | 40 | €35,721 | €9,453 | -€26,268 | -73.5% |
| Other amounts receivable | 41 | €24,980 | €11,296 | -€13,684 | -54.8% |
| Cash at bank and in hand | 54/58 | €151,531 | €80,996 | -€70,535 | -46.5% |
| Deferred charges and accrued income | 490/1 | €2,768 | €0 | -€2,768 | -100.0% |
| Total equity and liabilities | 10/49 | €607,070 | €471,482 | -€135,588 | -22.3% |
| Equity | 10/15 | -€561,265 | -€876,010 | -€314,745 | -56.1% |
| Contributions | 10/11 | €20,451 | €20,451 | +€0 | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€581,716 | -€896,461 | -€314,745 | -54.1% |
| Amounts payable | 17/49 | €1,168,335 | €1,347,492 | +€179,157 | +15.3% |
| Amounts payable after more than one year | 17 | €170,596 | €162,854 | -€7,742 | -4.5% |
| Financial debts | 170/4 | €170,596 | €162,854 | -€7,742 | -4.5% |
| Amounts payable within one year | 42/48 | €997,290 | €1,181,101 | +€183,811 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €45,598 | €50,496 | +€4,898 | +10.7% |
| Financial debts | 43 | €93,055 | €39,264 | -€53,791 | -57.8% |
| Credit institutions | 430/8 | €93,055 | €39,264 | -€53,791 | -57.8% |
| Trade debts | 44 | €792,349 | €1,003,404 | +€211,055 | +26.6% |
| Suppliers | 440/4 | €792,349 | €1,003,404 | +€211,055 | +26.6% |
| Taxes, remuneration and social security | 45 | €66,289 | €87,936 | +€21,647 | +32.7% |
| Taxes | 450/3 | €1,496 | €1,828 | +€332 | +22.2% |
| Remuneration and social security | 454/9 | €64,793 | €86,109 | +€21,316 | +32.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €449 | €3,536 | +€3,087 | +687.6% |
| Non-recurring operating income | 76A | €30 | €0 | -€30 | -100.0% |
| Remuneration, social security and pensions | 62 | €315,921 | €357,712 | +€41,791 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,842 | €44,848 | +€12,006 | +36.6% |
| Other operating charges | 640/8 | €53,436 | €6,749 | -€46,687 | -87.4% |
| Non-recurring operating charges | 66A | €10,439 | €75,083 | +€64,644 | +619.3% |
| Gross operating margin | 9900 | -€19,805 | €191,650 | +€211,455 | |
| Operating profit (loss) | 9901 | -€432,443 | -€292,743 | +€139,700 | +32.3% |
| Financial income | 75/76B | €15 | €26 | +€11 | +71.0% |
| Recurring financial income | 75 | €15 | €26 | +€11 | +71.0% |
| Financial charges | 65/66B | €13,058 | €22,024 | +€8,966 | +68.7% |
| Recurring financial charges | 65 | €13,058 | €22,024 | +€8,966 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | -€445,486 | -€314,741 | +€130,745 | +29.3% |
| Income taxes | 67/77 | €0 | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€445,486 | -€314,745 | +€130,741 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€445,486 | -€314,745 | +€130,741 | +29.3% |
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.