COPAM: 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.
COPAM
Largest movements
- Cash +€12,716
up €12,716 (+56.5%), from €22,493 to €35,209
mainly Receivables within one year (+€7,564) and Depreciation (+€4,792)
- Receivables within one year -€7,564
down €7,564 (-78.9%), from €9,590 to €2,026
of which Trade receivables: -€4,697
- Tangible fixed assets -€4,792
down €4,792 (-6.3%), from €76,584 to €71,793
of which Furniture and vehicles: -€4,792
- Current investments -€2,371
no longer reported in 2025 (was €2,371)
- Stocks and contracts -€1,604
down €1,604 (-6.3%), from €25,602 to €23,997
- Tax, wage and social debts -€8,228
down €8,228 (-14.7%), from €55,994 to €47,765
of which Remuneration and social security: -€7,311
- Profit (loss) carried forward +€7,397
up €7,397 (+105.5%), from €7,010 to €14,407
- Other debts -€5,679
down €5,679 (-10.9%), from €52,031 to €46,352
- Trade debts +€2,209
up €2,209 (+120.6%), from €1,832 to €4,041
- Depreciation +€4,792
new in 2025: €4,792
- Gross operating margin +€4,544
up €4,544 (+96.0%), from €4,733 to €9,276
- Taxes -€800
down €800 (-54.6%), from €1,464 to €664
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 | €137,326 | €133,025 | -€4,301 | -3.1% |
| Fixed assets | 21/28 | €76,584 | €71,793 | -€4,792 | -6.3% |
| Tangible fixed assets | 22/27 | €76,584 | €71,793 | -€4,792 | -6.3% |
| Land and buildings | 22 | €39,912 | €39,912 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,791 | €11,791 | = | 0.0% |
| Furniture and vehicles | 24 | €24,881 | €20,090 | -€4,792 | -19.3% |
| Current assets | 29/58 | €60,742 | €61,233 | +€491 | +0.8% |
| Stocks and contracts in progress | 3 | €25,602 | €23,997 | -€1,604 | -6.3% |
| Stocks | 30/36 | €25,602 | €23,997 | -€1,604 | -6.3% |
| Amounts receivable within one year | 40/41 | €9,590 | €2,026 | -€7,564 | -78.9% |
| Trade receivables | 40 | €6,724 | €2,026 | -€4,697 | -69.9% |
| Other amounts receivable | 41 | €2,867 | - | -€2,867 | |
| Current investments | 50/53 | €2,371 | - | -€2,371 | |
| Cash at bank and in hand | 54/58 | €22,493 | €35,209 | +€12,716 | +56.5% |
| Deferred charges and accrued income | 490/1 | €686 | - | -€686 | |
| Total equity and liabilities | 10/49 | €137,326 | €133,025 | -€4,301 | -3.1% |
| Equity | 10/15 | €27,470 | €34,867 | +€7,397 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,010 | €14,407 | +€7,397 | +105.5% |
| Amounts payable | 17/49 | €109,856 | €98,158 | -€11,698 | -10.6% |
| Amounts payable within one year | 42/48 | €109,856 | €98,158 | -€11,698 | -10.6% |
| Trade debts | 44 | €1,832 | €4,041 | +€2,209 | +120.6% |
| Suppliers | 440/4 | €1,832 | €4,041 | +€2,209 | +120.6% |
| Taxes, remuneration and social security | 45 | €55,994 | €47,765 | -€8,228 | -14.7% |
| Taxes | 450/3 | €5,111 | €4,194 | -€917 | -17.9% |
| Remuneration and social security | 454/9 | €50,882 | €43,571 | -€7,311 | -14.4% |
| Other amounts payable | 47/48 | €52,031 | €46,352 | -€5,679 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,792 | +€4,792 | |
| Other operating charges | 640/8 | €668 | €753 | +€85 | +12.7% |
| Gross operating margin | 9900 | €4,733 | €9,276 | +€4,544 | +96.0% |
| Operating profit (loss) | 9901 | €4,065 | €3,732 | -€333 | -8.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €328 | €409 | +€80 | +24.5% |
| Recurring financial charges | 65 | €328 | €409 | +€80 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €3,736 | €3,323 | -€413 | -11.1% |
| Income taxes | 67/77 | €1,464 | €664 | -€800 | -54.6% |
| Profit (loss) for the period | 9904 | €2,273 | €2,659 | +€387 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,273 | €2,659 | +€387 | +17.0% |
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 5 October 2026 via checked.be.