COPAN: 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.
COPAN
Largest movements
- Receivables after one year -€798,495
down €798,495 (-88.9%), from €898,495 to €100,000
- Deferred charges and accrued income +€28,164
new in 2025: €28,164
- Receivables within one year -€27,693
down €27,693 (-100.0%), from €27,693 to €0
- Debts after one year -€771,977
down €771,977 (-96.5%), from €799,575 to €27,598
- Financial income -€2,367
down €2,367 (-7.8%), from €30,531 to €28,164
- Financial charges -€1,976
down €1,976 (-6.7%), from €29,619 to €27,643
- Other operating charges +€902
up €902 (+264.9%), from €341 to €1,243
- Gross operating margin +€815
up €815 (+16.5%), from -€4,933 to -€4,118
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 | €1,828,833 | €1,044,292 | -€784,541 | -42.9% |
| Fixed assets | 21/28 | €900,000 | €900,000 | = | 0.0% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €928,833 | €144,292 | -€784,541 | -84.5% |
| Amounts receivable after more than one year | 29 | €898,495 | €100,000 | -€798,495 | -88.9% |
| Other amounts receivable | 291 | €898,495 | €100,000 | -€798,495 | -88.9% |
| Amounts receivable within one year | 40/41 | €27,693 | €0 | -€27,693 | -100.0% |
| Other amounts receivable | 41 | €27,693 | €0 | -€27,693 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,646 | €16,128 | +€13,483 | +509.6% |
| Deferred charges and accrued income | 490/1 | - | €28,164 | +€28,164 | |
| Total equity and liabilities | 10/49 | €1,828,833 | €1,044,292 | -€784,541 | -42.9% |
| Equity | 10/15 | €1,019,719 | €1,014,879 | -€4,840 | -0.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €19,719 | €14,879 | -€4,840 | -24.5% |
| Distributable reserves | 133 | €19,719 | €14,879 | -€4,840 | -24.5% |
| Amounts payable | 17/49 | €809,114 | €29,413 | -€779,702 | -96.4% |
| Amounts payable after more than one year | 17 | €799,575 | €27,598 | -€771,977 | -96.5% |
| Other amounts payable | 178/9 | €799,575 | €27,598 | -€771,977 | -96.5% |
| Amounts payable within one year | 42/48 | €9,539 | €1,815 | -€7,724 | -81.0% |
| Trade debts | 44 | €1,513 | €1,815 | +€303 | +20.0% |
| Suppliers | 440/4 | €1,513 | €1,815 | +€303 | +20.0% |
| Taxes, remuneration and social security | 45 | €8,027 | €0 | -€8,027 | -100.0% |
| Taxes | 450/3 | €8,027 | €0 | -€8,027 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €341 | €1,243 | +€902 | +264.9% |
| Gross operating margin | 9900 | -€4,933 | -€4,118 | +€815 | +16.5% |
| Operating profit (loss) | 9901 | -€5,274 | -€5,361 | -€87 | -1.6% |
| Financial income | 75/76B | €30,531 | €28,164 | -€2,367 | -7.8% |
| Recurring financial income | 75 | €30,531 | €28,164 | -€2,367 | -7.8% |
| Financial charges | 65/66B | €29,619 | €27,643 | -€1,976 | -6.7% |
| Recurring financial charges | 65 | €29,619 | €27,643 | -€1,976 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,361 | -€4,840 | -€478 | -11.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,361 | -€4,840 | -€478 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,361 | -€4,840 | -€478 | -11.0% |
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 6 October 2026 via checked.be.