COPALME: 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.
COPALME
Largest movements
- Tangible fixed assets -€22,397
down €22,397 (-45.9%), from €48,772 to €26,375
of which Plant, machinery and equipment: -€11,540
- Receivables within one year +€9,167
up €9,167 (+63.9%), from €14,356 to €23,522
of which Trade receivables: +€9,678
- Cash +€7,661
up €7,661 (+58.3%), from €13,130 to €20,792
mainly Depreciation (+€27,808) and Trade debts (+€2,240)
- Intangible fixed assets -€3,573
down €3,573 (-20.0%), from €17,845 to €14,273
- Profit (loss) carried forward -€5,757
down €5,757 (-75.1%), from €7,668 to €1,910
- Debts after one year -€3,120
down €3,120 (-32.7%), from €9,532 to €6,413
- Trade debts +€2,240
up €2,240 (+52.9%), from €4,234 to €6,474
- Current portion of long-term debt -€1,431
down €1,431 (-31.5%), from €4,551 to €3,120
- Gross operating margin +€6,475
up €6,475 (+33.0%), from €19,619 to €26,094
- Staff costs -€2,455
down €2,455 (-45.4%), from €5,404 to €2,949
- Financial charges -€306
down €306 (-38.6%), from €794 to €488
- Depreciation +€291
up €291 (+1.1%), from €27,517 to €27,808
- Financial income -€274
down €274 (-87.1%), from €315 to €41
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 | €95,593 | €86,241 | -€9,352 | -9.8% |
| Fixed assets | 21/28 | €66,617 | €40,648 | -€25,970 | -39.0% |
| Intangible fixed assets | 21 | €17,845 | €14,273 | -€3,573 | -20.0% |
| Tangible fixed assets | 22/27 | €48,772 | €26,375 | -€22,397 | -45.9% |
| Plant, machinery and equipment | 23 | €26,506 | €14,965 | -€11,540 | -43.5% |
| Furniture and vehicles | 24 | €5,937 | €3,257 | -€2,681 | -45.2% |
| Leasing and similar rights | 25 | €16,329 | €8,154 | -€8,176 | -50.1% |
| Current assets | 29/58 | €28,976 | €45,593 | +€16,617 | +57.3% |
| Amounts receivable within one year | 40/41 | €14,356 | €23,522 | +€9,167 | +63.9% |
| Trade receivables | 40 | €12,294 | €21,972 | +€9,678 | +78.7% |
| Other amounts receivable | 41 | €2,062 | €1,550 | -€512 | -24.8% |
| Cash at bank and in hand | 54/58 | €13,130 | €20,792 | +€7,661 | +58.3% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,279 | -€211 | -14.1% |
| Total equity and liabilities | 10/49 | €95,593 | €86,241 | -€9,352 | -9.8% |
| Equity | 10/15 | €10,168 | €4,410 | -€5,757 | -56.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,668 | €1,910 | -€5,757 | -75.1% |
| Amounts payable | 17/49 | €85,425 | €81,830 | -€3,595 | -4.2% |
| Amounts payable after more than one year | 17 | €9,532 | €6,413 | -€3,120 | -32.7% |
| Financial debts | 170/4 | €9,532 | €6,413 | -€3,120 | -32.7% |
| Amounts payable within one year | 42/48 | €75,885 | €75,409 | -€476 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €4,551 | €3,120 | -€1,431 | -31.5% |
| Trade debts | 44 | €4,234 | €6,474 | +€2,240 | +52.9% |
| Suppliers | 440/4 | €4,234 | €6,474 | +€2,240 | +52.9% |
| Taxes, remuneration and social security | 45 | €4,070 | €3,124 | -€946 | -23.2% |
| Taxes | 450/3 | €4,070 | €3,124 | -€946 | -23.2% |
| Other amounts payable | 47/48 | €63,030 | €62,692 | -€338 | -0.5% |
| Accrued charges and deferred income | 492/3 | €8 | €9 | +€0 | +2.0% |
| Remuneration, social security and pensions | 62 | €5,404 | €2,949 | -€2,455 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,517 | €27,808 | +€291 | +1.1% |
| Other operating charges | 640/8 | €639 | €647 | +€8 | +1.2% |
| Gross operating margin | 9900 | €19,619 | €26,094 | +€6,475 | +33.0% |
| Operating profit (loss) | 9901 | -€13,941 | -€5,310 | +€8,631 | +61.9% |
| Financial income | 75/76B | €315 | €41 | -€274 | -87.1% |
| Recurring financial income | 75 | €315 | €41 | -€274 | -87.1% |
| Financial charges | 65/66B | €794 | €488 | -€306 | -38.6% |
| Recurring financial charges | 65 | €794 | €488 | -€306 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,420 | -€5,757 | +€8,663 | +60.1% |
| Income taxes | 67/77 | -€62 | - | +€62 | |
| Profit (loss) for the period | 9904 | -€14,358 | -€5,757 | +€8,601 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,358 | -€5,757 | +€8,601 | +59.9% |
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 4 October 2026 via checked.be.