Copains.group: 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.group
Largest movements
- Financial fixed assets +€844,778
up €844,778 (+19.9%), from €4.2m to €5.1m
- Receivables within one year -€288,870
down €288,870 (-22.7%), from €1.3m to €983,741
of which Trade receivables: -€281,870
- Cash -€136,941
down €136,941 (-82.9%), from €165,217 to €28,276
mainly Investment in fixed assets (net) (-€851,198) and Other debts (-€695,000)
- Other debts -€695,000
down €695,000 (-100.0%), from €695,000 to €0
- Trade debts +€678,906
up €678,906 (+420.3%), from €161,533 to €840,439
- Debts after one year +€368,007
up €368,007 (+57.9%), from €635,608 to €1.0m
- Current portion of long-term debt +€101,681
up €101,681 (+50.7%), from €200,406 to €302,087
- Gross operating margin -€180,426
down €180,426 (-28.3%), from €637,936 to €457,510
- Staff costs -€159,359
down €159,359 (-31.5%), from €505,202 to €345,843
- Financial charges -€32,875
down €32,875 (-46.3%), from €70,957 to €38,082
- Financial income -€11,616
down €11,616 (-99.9%), from €11,624 to €8
- Taxes +€7,389
up €7,389 (+54.8%), from €13,475 to €20,864
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 | €5,905,635 | €6,276,395 | +€370,760 | +6.3% |
| Formation expenses | 20 | €20,001 | €13,352 | -€6,649 | -33.2% |
| Fixed assets | 21/28 | €4,423,167 | €5,221,810 | +€798,643 | +18.1% |
| Intangible fixed assets | 21 | €64,784 | €47,334 | -€17,450 | -26.9% |
| Tangible fixed assets | 22/27 | €118,398 | €89,714 | -€28,684 | -24.2% |
| Plant, machinery and equipment | 23 | - | €1,197 | +€1,197 | |
| Furniture and vehicles | 24 | €118,398 | €88,517 | -€29,881 | -25.2% |
| Financial fixed assets | 28 | €4,239,985 | €5,084,763 | +€844,778 | +19.9% |
| Current assets | 29/58 | €1,462,467 | €1,041,232 | -€421,235 | -28.8% |
| Amounts receivable within one year | 40/41 | €1,272,611 | €983,741 | -€288,870 | -22.7% |
| Trade receivables | 40 | €1,262,611 | €980,741 | -€281,870 | -22.3% |
| Other amounts receivable | 41 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Cash at bank and in hand | 54/58 | €165,217 | €28,276 | -€136,941 | -82.9% |
| Deferred charges and accrued income | 490/1 | €24,638 | €29,214 | +€4,576 | +18.6% |
| Total equity and liabilities | 10/49 | €5,905,635 | €6,276,395 | +€370,760 | +6.3% |
| Equity | 10/15 | €4,019,479 | €4,011,893 | -€7,586 | -0.2% |
| Contributions | 10/11 | €4,015,453 | €4,015,453 | -€0 | 0.0% |
| Reserves | 13 | €4,026 | €0 | -€4,026 | -100.0% |
| Distributable reserves | 133 | €4,026 | €0 | -€4,026 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€3,560 | -€3,560 | |
| Amounts payable | 17/49 | €1,886,156 | €2,264,502 | +€378,346 | +20.1% |
| Amounts payable after more than one year | 17 | €635,608 | €1,003,615 | +€368,007 | +57.9% |
| Financial debts | 170/4 | €635,608 | €1,003,615 | +€368,007 | +57.9% |
| Amounts payable within one year | 42/48 | €1,238,253 | €1,253,040 | +€14,787 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €200,406 | €302,087 | +€101,681 | +50.7% |
| Financial debts | 43 | €35,280 | €16,600 | -€18,680 | -52.9% |
| Credit institutions | 430/8 | €35,280 | €16,600 | -€18,680 | -52.9% |
| Trade debts | 44 | €161,533 | €840,439 | +€678,906 | +420.3% |
| Suppliers | 440/4 | €161,533 | €840,439 | +€678,906 | +420.3% |
| Taxes, remuneration and social security | 45 | €146,034 | €93,914 | -€52,120 | -35.7% |
| Taxes | 450/3 | €83,932 | €37,511 | -€46,421 | -55.3% |
| Remuneration and social security | 454/9 | €62,102 | €56,403 | -€5,699 | -9.2% |
| Other amounts payable | 47/48 | €695,000 | €0 | -€695,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,295 | €7,847 | -€4,448 | -36.2% |
| Remuneration, social security and pensions | 62 | €505,202 | €345,843 | -€159,359 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,560 | €59,203 | -€1,357 | -2.2% |
| Other operating charges | 640/8 | €257 | €1,112 | +€855 | +332.7% |
| Gross operating margin | 9900 | €637,936 | €457,510 | -€180,426 | -28.3% |
| Operating profit (loss) | 9901 | €71,918 | €51,352 | -€20,566 | -28.6% |
| Financial income | 75/76B | €11,624 | €8 | -€11,616 | -99.9% |
| Recurring financial income | 75 | €11,624 | €8 | -€11,616 | -99.9% |
| Financial charges | 65/66B | €70,957 | €38,082 | -€32,875 | -46.3% |
| Recurring financial charges | 65 | €70,957 | €38,082 | -€32,875 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €12,586 | €13,279 | +€693 | +5.5% |
| Income taxes | 67/77 | €13,475 | €20,864 | +€7,389 | +54.8% |
| Profit (loss) for the period | 9904 | -€889 | -€7,586 | -€6,697 | -753.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€889 | -€7,586 | -€6,697 | -753.3% |
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.