COPARFIN: 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.
What changed
COPARFIN
NACE 47.791, Retail sale of antiques
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,574
2024 · -€53,363+€9,789
Equity
€1.2m
2024 · €1.3m-€43,574
Cash
€805
2024 · €5,662-€4,857
Balance sheet total
€1.4m
2024 · €1.5m-€51,144
Largest movements
Assets
- Stocks and contracts -€40,500
down €40,500 (-2.9%), from €1.4m to €1.4m
Equity and liabilities
- Contributions -€43,574
down €43,574 (-3.4%), from €1.3m to €1.2m
Income statement
- Gross operating margin +€9,548
up €9,548 (+22.5%), from -€42,465 to -€32,916
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.
Result 2024
-€53,363
Gross operating margin
+€9,548
Depreciation
+€134
Other operating charges
+€25
Financial income
-€72
Financial charges
+€142
Taxes
+€11
Result 2025
-€43,574
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.
From operations
+€715
Investment
€0
Financing
-€5,572
Cash 2024
€5,662
From operations (derived)
+€715
Net result for the year
-€43,574
Depreciation
+€7,535
Stocks and contracts
+€40,500
Receivables within one year
-€2,960
Deferred charges and accrued income
+€1,213
Trade debts
-€1,597
Tax, wage and social debts
+€10
Advances received
-€1,000
Other debts
+€588
Financing
-€5,572
Debts after one year
-€5,617
Current portion of long-term debt
+€44
Cash 2025
€805
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,450,670 | €1,399,526 | -€51,144 | -3.5% |
| Fixed assets | 21/28 | €16,480 | €8,945 | -€7,535 | -45.7% |
| Tangible fixed assets | 22/27 | €15,480 | €7,945 | -€7,535 | -48.7% |
| Furniture and vehicles | 24 | €1,468 | €689 | -€778 | -53.0% |
| Leasing and similar rights | 25 | €14,012 | €7,256 | -€6,756 | -48.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,434,190 | €1,390,581 | -€43,609 | -3.0% |
| Stocks and contracts in progress | 3 | €1,402,800 | €1,362,300 | -€40,500 | -2.9% |
| Stocks | 30/36 | €1,402,800 | €1,362,300 | -€40,500 | -2.9% |
| Amounts receivable within one year | 40/41 | €23,687 | €26,647 | +€2,960 | +12.5% |
| Trade receivables | 40 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €21,687 | €24,647 | +€2,960 | +13.6% |
| Cash at bank and in hand | 54/58 | €5,662 | €805 | -€4,857 | -85.8% |
| Deferred charges and accrued income | 490/1 | €2,041 | €829 | -€1,213 | -59.4% |
| Total equity and liabilities | 10/49 | €1,450,670 | €1,399,526 | -€51,144 | -3.5% |
| Equity | 10/15 | €1,277,137 | €1,233,563 | -€43,574 | -3.4% |
| Contributions | 10/11 | €1,277,137 | €1,233,563 | -€43,574 | -3.4% |
| Amounts payable | 17/49 | €173,533 | €165,963 | -€7,570 | -4.4% |
| Amounts payable after more than one year | 17 | €163,922 | €158,305 | -€5,617 | -3.4% |
| Financial debts | 170/4 | €163,922 | €158,305 | -€5,617 | -3.4% |
| Amounts payable within one year | 42/48 | €9,611 | €7,658 | -€1,954 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €5,572 | €5,617 | +€44 | +0.8% |
| Trade debts | 44 | €1,977 | €381 | -€1,597 | -80.7% |
| Suppliers | 440/4 | €1,977 | €381 | -€1,597 | -80.7% |
| Advances received on contracts in progress | 46 | €1,500 | €500 | -€1,000 | -66.7% |
| Taxes, remuneration and social security | 45 | €562 | €572 | +€10 | +1.8% |
| Taxes | 450/3 | €562 | €572 | +€10 | +1.8% |
| Other amounts payable | 47/48 | - | €588 | +€588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,669 | €7,535 | -€134 | -1.8% |
| Other operating charges | 640/8 | €2,264 | €2,239 | -€25 | -1.1% |
| Gross operating margin | 9900 | -€42,465 | -€32,916 | +€9,548 | +22.5% |
| Operating profit (loss) | 9901 | -€52,398 | -€42,690 | +€9,708 | +18.5% |
| Financial income | 75/76B | €72 | €0 | -€72 | -99.7% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -99.7% |
| Financial charges | 65/66B | €453 | €312 | -€142 | -31.3% |
| Recurring financial charges | 65 | €453 | €312 | -€142 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,779 | -€43,002 | +€9,777 | +18.5% |
| Income taxes | 67/77 | €583 | €572 | -€11 | -2.0% |
| Profit (loss) for the period | 9904 | -€53,363 | -€43,574 | +€9,789 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,363 | -€43,574 | +€9,789 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.