COPAINT: 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.
COPAINT
Largest movements
- Current investments -€430,487
down €430,487 (-48.8%), from €882,987 to €452,500
- Cash +€285,090
up €285,090 (+87.7%), from €325,029 to €610,119
mainly Current investments (+€430,487) and Net result for the year (+€112,782)
- Stocks and contracts +€143,428
up €143,428 (+20.2%), from €710,294 to €853,722
- Receivables within one year -€102,993
down €102,993 (-15.8%), from €651,580 to €548,586
of which Trade receivables: -€572,985
- Trade debts -€139,020
down €139,020 (-59.8%), from €232,328 to €93,308
- Reserves +€112,782
up €112,782 (+5.3%), from €2.1m to €2.2m
of which Distributable reserves: +€205,762
- Debts after one year -€37,066
down €37,066 (-100%), from €37,066 to €0
- Turnover -€814,427
no longer reported in 2025 (was €814,427)
- Purchases and services -€755,444
no longer reported in 2025 (was €755,444)
- Gross operating margin +€117,569
up €117,569 (+199%), from €58,982 to €176,552
- Taxes +€24,515
up €24,515 (+242%), from €10,122 to €34,637
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.
Derived cash bridge
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 | €2,744,898 | €2,664,607 | -€80,291 | -2.9% |
| Fixed assets | 21/28 | €175,009 | €198,370 | +€23,361 | +13.3% |
| Tangible fixed assets | 22/27 | €175,009 | €198,370 | +€23,361 | +13.3% |
| Land and buildings | 22 | €164,100 | €157,429 | -€6,671 | -4.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100% |
| Furniture and vehicles | 24 | €10,909 | €40,940 | +€30,032 | +275% |
| Current assets | 29/58 | €2,569,889 | €2,466,237 | -€103,652 | -4.0% |
| Stocks and contracts in progress | 3 | €710,294 | €853,722 | +€143,428 | +20.2% |
| Stocks | 30/36 | €710,294 | €853,722 | +€143,428 | +20.2% |
| Amounts receivable within one year | 40/41 | €651,580 | €548,586 | -€102,993 | -15.8% |
| Trade receivables | 40 | €641,988 | €69,003 | -€572,985 | -89.3% |
| Other amounts receivable | 41 | €9,592 | €479,583 | +€469,992 | +4,900% |
| Current investments | 50/53 | €882,987 | €452,500 | -€430,487 | -48.8% |
| Cash at bank and in hand | 54/58 | €325,029 | €610,119 | +€285,090 | +87.7% |
| Deferred charges and accrued income | 490/1 | - | €1,310 | +€1,310 | |
| Total equity and liabilities | 10/49 | €2,744,898 | €2,664,607 | -€80,291 | -2.9% |
| Equity | 10/15 | €2,417,472 | €2,530,255 | +€112,782 | +4.7% |
| Contributions | 10/11 | €288,000 | €288,000 | = | 0.0% |
| Capital | 10 | €288,000 | - | -€288,000 | |
| Issued capital | 100 | €288,000 | - | -€288,000 | |
| Reserves | 13 | €2,129,472 | €2,242,255 | +€112,782 | +5.3% |
| Non-distributable reserves | 130/1 | €92,980 | €0 | -€92,980 | -100% |
| Legal reserve | 130 | €92,980 | - | -€92,980 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €2,036,492 | €2,242,255 | +€205,762 | +10.1% |
| Amounts payable | 17/49 | €327,425 | €134,353 | -€193,073 | -59.0% |
| Amounts payable after more than one year | 17 | €37,066 | €0 | -€37,066 | -100% |
| Financial debts | 170/4 | €37,066 | €0 | -€37,066 | -100% |
| Amounts payable within one year | 42/48 | €290,359 | €134,353 | -€156,007 | -53.7% |
| Trade debts | 44 | €232,328 | €93,308 | -€139,020 | -59.8% |
| Suppliers | 440/4 | €232,328 | €93,308 | -€139,020 | -59.8% |
| Taxes, remuneration and social security | 45 | €58,031 | €41,044 | -€16,987 | -29.3% |
| Taxes | 450/3 | €58,031 | €40,744 | -€17,287 | -29.8% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Turnover | 70 | €814,427 | - | -€814,427 | |
| Non-recurring operating income | 76A | - | €73,512 | +€73,512 | |
| Goods, raw materials, services and sundry goods | 60/61 | €755,444 | - | -€755,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,635 | €18,510 | +€3,875 | +26.5% |
| Other operating charges | 640/8 | €13,390 | €14,017 | +€627 | +4.7% |
| Gross operating margin | 9900 | €58,982 | €176,552 | +€117,569 | +199% |
| Operating profit (loss) | 9901 | €30,957 | €144,025 | +€113,068 | +365% |
| Financial income | 75/76B | €8,391 | €3,644 | -€4,747 | -56.6% |
| Recurring financial income | 75 | €8,391 | €3,644 | -€4,747 | -56.6% |
| Financial charges | 65/66B | - | €249 | +€249 | |
| Recurring financial charges | 65 | - | €249 | +€249 | |
| Profit (loss) for the period before taxes | 9903 | €39,348 | €147,420 | +€108,071 | +275% |
| Income taxes | 67/77 | €10,122 | €34,637 | +€24,515 | +242% |
| Profit (loss) for the period | 9904 | €29,226 | €112,782 | +€83,556 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €29,226 | €112,782 | +€83,556 | +286% |
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 22 October 2026 via checked.be.